Goldman Sachs reports 14.93M QFIN shares — QFIN (5.6% stake)

Rhea-AI Filing Summary

The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC reported beneficial ownership of 14,931,237.48 shares of QFIN HOLDINGS, INC. common stock representing 5.6% of the class as of 03/31/2026. The filing is a joint Schedule 13G that attributes shared voting and dispositive power to the reporting entities and includes exhibits identifying the subsidiary relationship and joint filing agreement. The joint filing was signed on 04/03/2026.

Insights

Institutional Ownership Analyst

Goldman Sachs reports a passive >5% stake in QFIN as of 03/31/2026.

The Schedule 13G lists 14,931,237.48 shares and a 5.6% beneficial ownership figure, with shared voting and dispositive power assigned to Goldman Sachs reporting units. The filing cites the subsidiary relationship between GS Group and Goldman Sachs & Co. LLC.

Disclosure is presented as a passive ownership filing; the filing includes a joint filing agreement and exhibits identifying the relevant subsidiary and reporting units. Subsequent filings would show any material change in voting or ownership.

Compliance & Regulatory Counsel

Filing follows Schedule 13G joint filing and Release guidance.

The exhibits reference Rule 13d-1(k)(1) and Release No. 34-39538, and the text disclaims certain client and disaggregated holdings per the Release. The filing attributes ownership to Goldman Sachs Reporting Units and notes that some client or managed-entity holdings are excluded from this report.

Signatures show authorization by an attorney-in-fact on 04/03/2026. The filing primarily documents passive disclosure rather than active control assertions.

Key Figures

Shares beneficially owned: 14,931,237.48 shares Percent of class: 5.6% Filing type: Schedule 13G +1 more

4 metrics

Shares beneficially owned 14,931,237.48 shares reported as of 03/31/2026

Percent of class 5.6% reported on Schedule 13G cover page

Filing type Schedule 13G joint filing under Rule 13d-1(k)(1)

Filing signature date 04/03/2026 signed by attorney-in-fact Veronica Mupazviriwo

Key Terms

Schedule 13G, beneficially owned, parent holding company, disaggregated

4 terms

Schedule 13G regulatory

"This filing is a joint Schedule 13G that attributes shared voting"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"This filing reflects the securities beneficially owned by certain operating units"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

parent holding company regulatory

"The securities being reported on by The Goldman Sachs Group, Inc., as a parent holding company"

disaggregated regulatory

"ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units"

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

QFIN HOLDINGS, INC.

(Name of Issuer)

Common Stock, par value $0.00001 per share

(Title of Class of Securities)

9HH5DS2Y4

(CUSIP Number)

03/31/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 9HH5DS2Y4

1

Names of Reporting Persons

THE GOLDMAN SACHS GROUP, INC.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,931,237.48
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,931,237.48

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,931,237.48

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

HC, CO

SCHEDULE 13G

CUSIP Number(s): 9HH5DS2Y4

1

Names of Reporting Persons

GOLDMAN SACHS & CO. LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

NEW YORK

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 14,931,237.48
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 14,931,237.48

9

Aggregate Amount Beneficially Owned by Each Reporting Person

14,931,237.48

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

5.6 %

12

Type of Reporting Person (See Instructions)

BD, OO, IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: QFIN HOLDINGS, INC.
(b)	Address of issuer's principal executive offices: 7/F LUJIAZUI FINANCE PLAZA, NO. 1217 DONGFANG ROAD, PUDONG NEW AREA,SHANGHAI,F4, 200122
Item 2.
(a)	Name of person filing: THE GOLDMAN SACHS GROUP, INC.| GOLDMAN SACHS & CO. LLC
(b)	Address or principal business office or, if none, residence: The Goldman Sachs Group, Inc. 200 West Street New York, NY 10282| Goldman Sachs & Co. LLC 200 West Street New York, NY 10282
(c)	Citizenship: THE GOLDMAN SACHS GROUP, INC. - Delaware| GOLDMAN SACHS & CO. LLC - New York
(d)	Title of class of securities: Common Stock, par value $0.00001 per share
(e)	CUSIP Number(s): 9HH5DS2Y4
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: See the response(s) to Item 9 on the attached cover page(s).
(b)	Percent of class: See the response(s)to Item 11 on the attached cover page(s).
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: See the response(s) to Item 5 on the attached cover page(s).
	(ii) Shared power to vote or to direct the vote: See the response(s) to Item 6 on the attached cover page(s).
	(iii) Sole power to dispose or to direct the disposition of: See the response(s) to Item 7 on the attached cover page(s).
	(iv) Shared power to dispose or to direct the disposition of: See the response(s) to Item 8 on the attached cover page(s).
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Exhibit (99.2)
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

THE GOLDMAN SACHS GROUP, INC.

Signature:	Name: Veronica Mupazviriwo
Name/Title:	Attorney-in-fact
Date:	04/03/2026

GOLDMAN SACHS & CO. LLC

Signature:	Name: Veronica Mupazviriwo
Name/Title:	Attorney-in-fact
Date:	04/03/2026

Exhibit Information

EXHIBIT (99.1) JOINT FILING AGREEMENT In accordance with Rule 13d-1(k)(1) promulgated under the Securities Exchange Act of 1934, the undersigned agree to the joint filing of a Statement on Schedule 13G (including any and all amendments thereto) with respect to the Common Stock, par value $0.00001 per share, of QFIN HOLDINGS, INC. and further agree to the filing of this agreement as an Exhibit thereto. In addition, each party to this Agreement expressly authorizes each other party to this Agreement to file on its behalf any and all amendments to such Statement on Schedule 13G. Date: 04/03/2026 THE GOLDMAN SACHS GROUP, INC. By:/s/ Veronica Mupazviriwo ---------------------------------------- Name: Veronica Mupazviriwo Title: Attorney-in-fact GOLDMAN SACHS & CO. LLC By:/s/ Veronica Mupazviriwo ---------------------------------------- Name: Veronica Mupazviriwo Title: Attorney-in-fact EXHIBIT (99.2) ITEM 7 INFORMATION The securities being reported on by The Goldman Sachs Group, Inc. ("GS Group"), as a parent holding company, are owned, or may be deemed to be beneficially owned, by Goldman Sachs & Co. LLC ("Goldman Sachs"), a broker or dealer registered under Section 15 of the Act and an investment adviser registered under Section 203 of the Investment Advisers Act of 1940. Goldman Sachs is a subsidiary of GS Group. EXHIBIT (99.3) ITEM 4 INFORMATION *In accordance with the Securities and Exchange Commission Release No. 34-39538 (January 12, 1998) (the "Release"), this filing reflects the securities beneficially owned by certain operating units (collectively, the "Goldman Sachs Reporting Units") of The Goldman Sachs Group, Inc. and its subsidiaries and affiliates (collectively, "GSG"). This filing does not reflect securities, if any, beneficially owned by any operating units of GSG whose ownership of securities is disaggregated from that of the Goldman Sachs Reporting Units in accordance with the Release. The Goldman Sachs Reporting Units disclaim beneficial ownership of the securities beneficially owned by (i) any client accounts with respect to which the Goldman Sachs Reporting Units or their employees have voting or investment discretion or both, or with respect to which there are limits on their voting or investment authority or both and (ii) certain investment entities of which the Goldman Sachs Reporting Units act as the general partner, managing general partner or other manager, to the extent interests in such entities are held by persons other than the Goldman Sachs Reporting Units.

FAQ

What stake does Goldman Sachs report in QFIN (QFIN)?

Goldman Sachs reports beneficial ownership of 14,931,237.48 shares of QFIN, representing 5.6% of the class as of 03/31/2026. The amount reflects shared voting and dispositive power reported on the Schedule 13G cover page.

Which entities filed the Schedule 13G for QFIN?

The filing is a joint Schedule 13G by The Goldman Sachs Group, Inc. and Goldman Sachs & Co. LLC. The joint filing agreement is included as Exhibit (99.1) and is signed by an attorney-in-fact on 04/03/2026.

Does the filing indicate active control over QFIN?

No active control is asserted in this Schedule 13G. The filing attributes shared voting and dispositive power to reporting units and follows the passive reporting framework referenced under Rule 13d-1(k)(1) and Release No. 34-39538.

Are any client or managed-account holdings excluded from this filing?

Yes. The filing states it does not reflect securities held in client accounts or certain investment entities where ownership is disaggregated under the Release, and the Goldman Sachs Reporting Units disclaim beneficial ownership of those excluded holdings.