On February 17, 2026, Portolan Capital Management announced it purchased shares of Baidu (BIDU, up 0.36%). The firm added 259,101 shares of Baidu during the fourth quarter, with the purchase estimated to be worth $32.16 million based on average prices during that period.
What happened
A recent SEC filing from February 17, 2026, shows that Portolan Capital Management bought an additional 259,101 shares of Baidu (BIDU 0.36%) in the last three months of the year. This investment is worth approximately $32.16 million, based on average prices during that quarter. The total value of Portolan’s Baidu holdings rose by $33.85 million by the end of the quarter, due to both the new purchases and an increase in Baidu’s share price.
What else to know
- This buy brings the Baidu stake to 1.85% of reported AUM as of December 31, 2025.
- Top fund holdings after the filing:
- NASDAQ:TTMI: $79.12 million (4.2% of AUM)
- NYSE:MOD: $71.55 million (3.8% of AUM)
- NASDAQ:CSTL: $67.28 million (3.6% of AUM)
- NYSE:CLS: $50.93 million (2.7% of AUM)
- NASDAQ:AKAM: $45.75 million (2.5% of AUM)
- As of February 17, 2026, BIDU shares were priced at $118.38, up 36% over the past year and well outperforming the S&P 500’s roughly 16% gain in the same period.
Company overview
| Metric | Value |
|---|---|
| Revenue (TTM) | $18.89 billion |
| Net income (TTM) | $1.30 billion |
| Price (as of market close February 17, 2026) | $118.38 |
| One-year price change | 36% |
Company snapshot
- Baidu offers online marketing, cloud services, and video streaming platforms, with revenue primarily from Baidu Core (search, feed, AI, cloud) and iQIYI (online entertainment).
- The company generates income through advertising, cloud computing services, and subscription-based content.
- It targets businesses seeking digital marketing and cloud solutions, as well as consumers of online video content in China.
Baidu is a major internet company in China. It’s growing by using its strengths in search, cloud computing, and artificial intelligence. Baidu earns revenue from many different sources and has a strong position in the Chinese market. By continually investing in AI, Baidu is becoming a central part of China’s digital economy, serving businesses and individuals alike.
What this transaction means for investors
Baidu is changing its focus to become a major player in artificial intelligence and cloud computing, and investors are starting to notice. Its stock has risen about 36% in the last year, but the company’s investments suggest this transformation is still in progress.
Baidu finished 2025 with around $18.5 billion in revenue, driven by growing demand for its AI services and cloud offerings, even as its older businesses declined. Revenue from its AI cloud infrastructure increased by 34% compared to the previous year. For investors who typically focus on hardware and industrial technology, adding Baidu – a Chinese AI platform – offers a new avenue for growth. Currently, it’s a small part of their overall investments, less than 2%, suggesting a careful rather than risky approach.
For long-term investors, the main question is whether Baidu can successfully turn its AI technology into consistent revenue from cloud services and business customers. If it can, Baidu could become a much larger and more diverse company than its traditional search engine business suggests.
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2026-03-05 20:37