<SEC-DOCUMENT>0001104659-26-028113.txt : 20260316
<SEC-HEADER>0001104659-26-028113.hdr.sgml : 20260316
<ACCEPTANCE-DATETIME>20260316090521
ACCESSION NUMBER:		0001104659-26-028113
CONFORMED SUBMISSION TYPE:	3
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20260316
FILED AS OF DATE:		20260316
DATE AS OF CHANGE:		20260316

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			He Boquan
		CENTRAL INDEX KEY:			0001483512
		ORGANIZATION NAME:           	

	FILING VALUES:
		FORM TYPE:		3
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	001-34936
		FILM NUMBER:		26754701

	MAIL ADDRESS:	
		STREET 1:		FLOOR 32, METRO PLAZA
		STREET 2:		183-187, TIANHE ROAD
		CITY:			GUANGZHOU, GUANGDONG
		STATE:			F4
		ZIP:			510620

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			NOAH HOLDINGS LTD
		CENTRAL INDEX KEY:			0001499543
		STANDARD INDUSTRIAL CLASSIFICATION:	INVESTMENT ADVICE [6282]
		ORGANIZATION NAME:           	02 Finance
		EIN:				000000000

	BUSINESS ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		NOAH WEALTH CENTER
		STREET 2:		1226 SHENBIN SOUTH ROAD MINHANG DISTRICT
		CITY:			SHANGHAI
		PROVINCE COUNTRY:   	F4
		ZIP:			201107
		BUSINESS PHONE:		(86) 21 8035 8292

	MAIL ADDRESS:	
		ADDRESS IS A NON US LOCATION: 	YES
		STREET 1:		NOAH WEALTH CENTER
		STREET 2:		1226 SHENBIN SOUTH ROAD MINHANG DISTRICT
		CITY:			SHANGHAI
		PROVINCE COUNTRY:   	F4
		ZIP:			201107

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	Noah Holdings Ltd
		DATE OF NAME CHANGE:	20100818
</SEC-HEADER>
<DOCUMENT>
<TYPE>3
<SEQUENCE>1
<FILENAME>tm268897-1_3seq1.xml
<DESCRIPTION>OWNERSHIP DOCUMENT
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0206</schemaVersion>

    <documentType>3</documentType>

    <periodOfReport>2026-03-16</periodOfReport>

    <noSecuritiesOwned>0</noSecuritiesOwned>

    <issuer>
        <issuerCik>0001499543</issuerCik>
        <issuerName>NOAH HOLDINGS LTD</issuerName>
        <issuerTradingSymbol>NOAH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001483512</rptOwnerCik>
            <rptOwnerName>He Boquan</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>7TH FLOOR, BLOCK B, NOAH WEALTH CENTER,</rptOwnerStreet1>
            <rptOwnerStreet2>1226 SHENBIN SOUTH ROAD, MINHANG</rptOwnerStreet2>
            <rptOwnerCity>SHANGHAI</rptOwnerCity>
            <rptOwnerState>F4</rptOwnerState>
            <rptOwnerZipCode>201107</rptOwnerZipCode>
            <rptOwnerStateDescription>CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>1</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
            <officerTitle></officerTitle>
            <otherText></otherText>
        </reportingOwnerRelationship>
    </reportingOwner>

    <nonDerivativeTable>
        <nonDerivativeHolding>
            <securityTitle>
                <value>ORDINARY SHARES</value>
            </securityTitle>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>16398720</value>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See Footnote</value>
                    <footnoteId id="F1"/>
                </natureOfOwnership>
            </ownershipNature>
        </nonDerivativeHolding>
    </nonDerivativeTable>

    <footnotes>
        <footnote id="F1">By Quan Investment Co., Ltd., a British Virgin Islands company wholly owned and controlled by Mr. Boquan He.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ BOQUAN HE</signatureName>
        <signatureDate>2026-03-16</signatureDate>
    </ownerSignature>
</ownershipDocument>
</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
