VNET Group, Inc.: 5%+ holders

As of November 6, 2026, 5 holders' latest Schedule 13D or 13G filings report owning 5% or more of VNET Group, Inc. The largest reported stake is Shandong Hi-Speed Holdings Group Limited's, at 38.1%. 12 filings are on record since July 31, 2025 (Schedule 13D/A, May 19, 2026).

Norges Bank also filed stake reports on 36 other companies ↓

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Key facts

• Filing 2026-09-23 · Reporting person: PJ Millennium Limited Partnership · Sole voting: 0 · Shared voting: 650,424,192 · Sole dispositive: 0 · Shared dispositive: 650,424,192 · SCHEDULE 13D/A, 2026-09-23
• Filing 2026-09-23 · Reporting person: Sheng Chen · Sole voting: 98,440,275 · Shared voting: 325,212,096 · Sole dispositive: 98,440,275 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-09-23
• Filed 2026-08-28 · Holder: PJ Millennium Limited Partnership · Percent: 11.4% · SCHEDULE 13D
• Filing 2026-08-14 · Reporting person: Point72 Asset Management, L.P. · Sole voting: 0 · Shared voting: 109,989,366 · Sole dispositive: 0 · Shared dispositive: 109,989,366 · SCHEDULE 13G/A, 2026-08-14
• Filed 2026-05-19 · Holder: Shandong Hi-Speed Holdings Group Limited · Percent: 38.1% · SCHEDULE 13D/A

VNET Group, Inc. has 12 Schedule 13D or 13G filings on record since 2025-07-31. 5 holders' latest filing reports 5% or more of class a ordinary shares, par value us$0.00001 per share. Each figure below is the holder's own, as filed, with the filing linked.

Holders

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More on VNET Group, Inc. and the records around it.

VNET Group, Inc. elsewhere on the record

• Who owns it

Companies that share a holder

• Norges Bank also filed stake reports on 36 other companies: Atour Lifestyle Holdings Ltd (Aug 2026), BXP, Inc. (Aug 2026), Cabaletta Bio, Inc. (Aug 2026)
• Point72 Asset Management, L.P. also filed stake reports on 90 other companies: Immunocore Holdings plc (Nov 2026), Target Hospitality Corp. (Nov 2026), E.W. SCRIPPS Co (Oct 2026)

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Voting and dispositive power, as filed

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The latest filing identifies VNET Group, Inc. by CUSIP G91458102 and gives its principal executive office as Guanjie Building, Southeast 1st Floor, 10# Jiuxianqiao East Road, Chaoyang Dist, Beijing (SCHEDULE 13D/A, 2026-09-23).

Source of funds (Item 3)

Item 3 is further supplemented by the following. On September 21, 2026, the sale and purchase of all 455,296,932 Seller A Shares was consummated (the "Seller A Shares Closing"), pursuant to which Seller A sold, and Purchaser A and Purchaser B each acquired, 227,648,466 Class A Ordinary Shares. The aggregate consideration allocated to the Seller A Shares Closing under the Share Purchase Agreement was US$659,527,963.PJ Millennium Limited Partnership, SCHEDULE 13D/A, 2026-09-23

Purpose of Transaction (Item 4)

Blackstone Tactical Opportunities Management Associates (Cayman) - NQ L.P.

Item 4 of the Schedule 13D is hereby amended by adding the following paragraphs immediately prior to the penultimate paragraph of such item: On February 13, 2026, the Issuer entered into (i) an amendment, dated as of February 13, 2026, to that certain investment agreement, dated as of January 28, 2022, by and among the Issuer, Blackstone Tactical Opportunities Fund - FD and the Notes Investors (as defined below) (such amendment, the "Convertible Notes Amendment"); (ii) an amendment, dated as of February 13, 2026, to that certain investment agreement, dated as of June 22, 2020, by and among the Company BTO Vector Fund ESC (CYM) L.P, Blackstone Tactical Opportunities Fund - FD and the Notes Investors (such amendment, the "Preferred Shares Amendment"); and (ii) that certain indenture (the "Indenture"), dated as of February 13, 2026, between the Issuer, as issuer and Citibank, N.A., as trustee (the "Trustee"), to amend and restate certain terms of the Company's previously issued 2% convertible notes due 2027 in aggregate principal amount of US$250.0 million (the "Amended Notes"). On February 17, 2026, Vector Holdco Pte. Ltd. and BTO Vector Fund FD (CYM) L.P. (the "Notes Investors"), acting in their capacity as holders of the Amended Notes, notified the Issuer and the Trustee of the occurrence of a Transfer Event and a Minimum Shareholding Event (each, as defined in the Indenture) in connection with the Indenture for the Amended Notes. In connection with such events, the Notes …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-02-18; the filing has the rest

Sheng Chen

Item 4 is further supplemented by the following. On May 13, 2026, the Share Purchase Agreement was entered into by the Buyers and the Sellers, pursuant to which the Buyers purchased from the Sellers an aggregate of 650,424,192 Class A Ordinary Shares in the Issuer. The closing of the Transaction took place on September 21, 2026. On May 13, 2026, the Buyers also entered into the Voting and Consortium Agreement with Mr. Sheng Chen and others, a copy of which was attached to Amendment No. 10 as Exhibit 99.34 thereto, and which became effective immediately upon the closing of the Transaction. Pursuant to these agreements, from and after the closing of the Transaction, the Reporting Persons will have the power to give the Buyers voting instructions on certain matters and thus enjoy shared voting power with respect to 325,212,096 Class A Ordinary Shares, or the Subject Shares, held by the Buyers. The Reporting Persons reserve their right to change their plans and intentions in connection with any of the actions discussed in this Item 4. Any action taken by the Reporting Persons may be effected at any time or from time to time, subject to any applicable limitations imposed thereon by any applicable laws.Item 4 of the SCHEDULE 13D/A filed 2026-09-23

Shandong Hi-Speed Holdings Group Limited

Item 4 of the Schedule 13D is amended by adding the following paragraph at the end thereof: On May 13, 2026, Success Flow and Choice Faith (together, the "Sellers"), entered into the Share Purchase Agreement (the "Share Purchase Agreement") with PJ Millennium I Limited and PJ Millennium II Limited (together, the "Purchasers"), the Issuer, and the Founder Shareholders Group (as defined below). Pursuant to the Share Purchase Agreement, Success Flow and Choice Faith have agreed to sell, and the Purchasers have agreed to acquire, 650,424,192 Class A Ordinary Shares (the "Sale Shares"), 455,296,932 of which is held by Success Flow (the "Success Flow Sale Shares") and 195,127,260 of which is held by Choice Faith (the "Choice Faith Sale Shares") at an aggregate consideration of US$942,182,804 (the "Consideration") (such sale and purchase, the "Disposal"), subject to the terms and conditions of the Share Purchase Agreement. The Consideration shall be paid in cash by the Purchasers in the following manner: (i) a deposit amount equal to 30% of the Consideration (the "Deposit Amount") shall be paid by the Purchasers to the Sellers promptly upon the execution and delivery of the Share Purchase Agreement; and (ii) the balance of the Consideration, being the amount equal to the Consideration minus the Deposit Amount, shall be paid by the Purchasers to the Sellers at Closing (as defined below), except where the Purchasers elect to exercise their right to require the Choice Faith Closing …The first part of Item 4 of the SCHEDULE 13D/A filed 2026-05-19; the filing has the rest

PJ Millennium Limited Partnership

Item 4 is further supplemented by the following. On September 21, 2026, the Seller A Shares Closing was consummated. As a result, the Purchasers completed the acquisition of all 650,424,192 Sale Shares contemplated by the Share Purchase Agreement. Upon the Seller A Shares Closing, the Investor Rights Agreement and the Voting and Consortium Agreement became effective in accordance with their respective terms (other than certain provisions thereof that became effective on May 13, 2026), and the voting term (the "Voting Term") under the Voting and Consortium Agreement commenced.Item 4 of the SCHEDULE 13D/A filed 2026-09-23

Timeline

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Questions about who owns VNET Group, Inc.

Who owns VNET Group, Inc.?

On this page, 5 holders' latest ownership filings report 5% or more of VNET Group, Inc.: Shandong Hi-Speed Holdings Group Limited (38.1%, Schedule 13D/A, filed 2026-05-19), PJ Millennium Limited Partnership (38.1%, Schedule 13D/A, filed 2026-09-23), Sheng Chen (24.8%, Schedule 13D/A, filed 2026-09-23), Point72 Asset Management, L.P. (6.6%, Schedule 13G/A, filed 2026-08-14) and Norges Bank (5.9%, Schedule 13G/A, filed 2026-01-28).

Who are the largest shareholders of VNET Group, Inc.?

By the share each holder's latest filing reports, the largest holders of VNET Group, Inc. on this page are Shandong Hi-Speed Holdings Group Limited (38.1%), PJ Millennium Limited Partnership (38.1%) and Sheng Chen (24.8%).

When did Shandong Hi-Speed Holdings Group Limited buy into VNET Group, Inc.?

The filings give report dates, not purchase dates. The earliest filing from Shandong Hi-Speed Holdings Group Limited on this page is the Schedule 13D/A, filed 2026-05-19, reporting 38.1%. That earliest filing is itself an amendment, which updates an earlier report.

Is this an audit or a full list?

Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 12 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.

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Where this comes from

Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.

Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.

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