Kingsoft Cloud Holdings Ltd
In the published model solve dated 2026-Q2, anchored at $9.89, Kingsoft Cloud Holdings Ltd (KC) is priced for today's economics sustained for ~7.4 years. boothcheck publishes no house fair value, target price, or buy/sell rating; individual model outputs and user-controlled scenarios are analytical inputs, not Boothcheck targets. The narrative was composed June 27, 2026 from SEC EDGAR filings.
• Kingsoft Cloud is a Chinese cloud provider in the middle of an AI-driven re-acceleration, with first-quarter revenue up 37% and AI gross billing up roughly 90% to contribute over half of public cloud revenue [Source: Q1 2026 earnings release]. • The defining risk is that the company still loses money on an operating basis and is committing RMB15 billion to RMB20 billion of capital expenditure this year, so the AI revenue has to scale into the spending before the cash position tightens [Source:
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80 institutional managers reported holding KC in 13F filings for the quarter ended 2026-03-31. Together they hold about 5% of the company; the top 10 hold 4%. 24 opened new positions that quarter. Held by Artisan Partners, UBS, State Street, among others. On the short side, 7.6M shares were sold short as of the 2026-06-15 count, about 3% of shares outstanding (5.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
KC's share count grew 19.3% over the past five years even with $41.52M spent on repurchases. It pays no dividend.
Share counts are split-adjusted; repurchase totals are gross of share issuance. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.