BIDU Hisse Senedi Fiyat Grafiği
Teknik göstergeler ile günlük OHLCV — kaydır, yakınlaştır ve görünümünüzü özelleştirin
04
aralık
çubuklar
Çubuk çözünürlüğü seçilen döneme uyum sağlar — bir çubuk için açılış/yüksek/düşük/kapanış değerlerini görmek için grafiğin üzerine gelin.
Hisse bölünmeleri1
Ex-tarihi
Bölünme
Tür
12 Mayıs 2010
10-for-1
İleri
Baidu, Inc. - American Depositary Shares, each representing 8 ordinary share Hakkında
Wikipedia'dan şirket genel bakışı
05 · wikidata
Baidu (Çince: 百度, pinyin: bǎi dù), bir Çin arama motorudur. Baidu 2000 yılı Ocak ayında Robin Li ve Eric XU tarafından Pekin'de kurulmuştur. Baidu'nun kökenleri Robin Li tarafından 1996 yılında geliştirilen Rankdex'e dayanmaktadır. Robin Li 2000 yılında Baidu'yu kurmuştur.
Baidu Çin'de hizmet veren en büyük arama motoru olmasının yanında birçok internet tabanlı hizmeti sağlamaktadır. Baidu 2005 yılında Nasdaq borsasında (BIDU) koduyla halka açılmıştır.
## Dış bağlantılar
Baidu.com1 Ağustos 2012 tarihinde Library of Congress sitesinde arşivlendi
Price / Tangible Book (Fiyat / Maddi Defter Değeri)
1.05Y ort. ≈1.6
≈1.6
·
·
Akran ortalaması, metrik başına standartlaştırılmış bir temelde hesaplanır ve bu hisse senedi için gösterilen TTM/MRQ temelini her zaman eşleşmeyebilir.
Kârlılık
Brüt, faaliyet ve net kâr marjları; ROE, ROA, ROIC
Metrik
5 Yıllık trend
BIDU
5Y ort.
Akran Ortalaması
Sonuç
Operating Margin (Faaliyet Kâr Marjı)
-4.5%5Y ort. ≈9.8%
≈9.8%
·
·
EBITDA Margin (FAVÖK Marjı)
1.2%5Y ort. ≈14.9%
≈14.9%
·
·
Pretax Margin (Vergi Öncesi Kar Marjı)
5.2%5Y ort. ≈12.5%
≈12.5%
·
·
Net Profit Margin (Net Kâr Marjı)
4.3%5Y ort. ≈10.3%
≈10.3%
·
·
ROA
1.3%5Y ort. ≈3.4%
≈3.4%
·
·
ROE
2.1%5Y ort. ≈5.8%
≈5.8%
·
·
ROIC
-1.7%5Y ort. ≈4.1%
≈4.1%
·
·
Finansal Sağlık
Borç, likidite, solventlik — bilanço gücü
Metrik
5 Yıllık trend
BIDU
5Y ort.
Akran Ortalaması
Sonuç
Debt / Equity (Borç / Öz Sermaye)
0.05Y ort. ≈0.0
≈0.0
·
·
Current Ratio (Cari Oran)
1.85Y ort. ≈2.5
≈2.5
·
·
Quick Ratio (Cari Oran)
1.55Y ort. ≈2.1
≈2.1
·
·
Büyüme
Gelir, EPS ve net gelir büyümesi: YOY, 3 Yıllık CAGR, 5 Yıllık CAGR
Bu oran grubu için henüz veri yok
Bu oran grubunu hesaplamak için henüz yeterli temel veriye sahip değil.
Hisse Başı Metrikler
Hisse Başı Kâr, hisse başına defter değeri, hisse başına nakit akışı, hisse başına temettü
Metrik
5 Yıllık trend
BIDU
5Y ort.
Akran Ortalaması
Sonuç
Cash / Share (Hisse Başına Nakit)
$9.045Y ort. ≈$11.87
≈$11.87
·
·
Sermaye Verimliliği
Aktif devir hızı, stok devir hızı, alacak devir hızı
Metrik
5 Yıllık trend
BIDU
5Y ort.
Akran Ortalaması
Sonuç
Asset Turnover (Aktif Devir Hızı)
0.35Y ort. ≈0.3
≈0.3
·
·
Receivables Turnover (Alacak Devir Hızı)
11.25Y ort. ≈12.1
≈12.1
·
·
Revenue / Employee (Çalışan Başına Gelir)
≈$3.9M
·
·
·
değer · ≈ 5Y ort. · sektör ortalaması · ortalamaya göre değerlendirme
Kazanç Geçmişi
EPS gerçekleşen vs tahmin, sürpriz %, kazanma oranı, bir sonraki kazanç tarihi
14
Ort. Sürpriz8.4%
Dönem
Rapor
EPS Gerçek
EPS Tahmin
Sürpriz
30 Haziran 2026
Ağu 18, 2026
$7.22
$10.12
-28.6%
31 Mart 2026
May 18, 2026
$12.06
$11.80
2.2%
31 Aralık 2025
$10.62
$9.43
12.6%
30 Eylül 2025
$11.12
$7.80
42.6%
30 Haziran 2025
$13.58
$13.77
-1.4%
31 Mart 2025
$18.54
$15.03
23.3%
Tüm Temeller
Tüm metrikler yıla göre — gelir tablosu, bilanço, nakit akışı
15
Gelir Tablosu12
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue
$129.08B
$133.12B
$134.60B
$123.67B
$124.49B
$107.07B
$107.41B
$102.28B
$84.81B
$70.55B
$66.38B
$49.05B
Cost of Revenue
$72.44B
$66.10B
$65.03B
$63.94B
$64.31B
$55.16B
$62.85B
$51.74B
$43.06B
$35.28B
$27.46B
$18.89B
R&D Expense
$20.43B
$22.13B
$24.19B
$23.32B
$24.94B
$19.51B
$18.35B
$15.77B
$12.93B
$10.15B
$10.18B
$6.98B
SG&A Expense
$25.84B
$23.62B
$23.52B
$20.51B
$24.72B
$18.06B
$19.91B
$19.23B
$13.13B
$15.07B
$17.08B
$10.38B
Operating Expenses
$134.90B
$111.86B
$112.74B
$107.76B
$113.97B
$92.73B
$101.11B
$86.75B
$69.12B
$60.50B
$54.71B
$36.25B
Operating Income
$-5.82B
$21.27B
$21.86B
$15.91B
$10.52B
$14.34B
$6.31B
$15.53B
$15.69B
$10.05B
$11.67B
$12.80B
Interest Income
$8.60B
$7.96B
$8.01B
$6.25B
$5.55B
$5.36B
$6.06B
$3.30B
$3.50B
$2.34B
$2.36B
$1.99B
Other Non-op
$5.77B
$1.83B
$1.78B
$-5.74B
$-1.04B
$9.40B
$-8.46B
$9.43B
$4.60B
$3.79B
$24.73B
$261M
Pretax Income
$6.72B
$28.62B
$25.20B
$10.11B
$10.78B
$23.09B
$-340M
$27.32B
$21.28B
$14.51B
$37.91B
$14.48B
Income Tax
$1.26B
$4.45B
$3.65B
$2.58B
$3.19B
$4.06B
$1.95B
$4.74B
$3.00B
$2.91B
$5.47B
$2.23B
Net Income
$5.59B
$23.76B
$20.32B
$7.56B
$10.23B
$22.47B
$2.06B
$27.57B
$18.30B
$11.63B
$33.66B
$13.20B
EBITDA
$1.58B
$27.87B
$28.96B
$22.11B
$16.22B
$20.04B
$6.31B
$15.53B
$15.69B
$10.05B
$11.67B
$12.80B
Bilanço30
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Cash & Equivalents
$24.61B
$24.83B
$25.23B
$53.16B
$36.85B
$35.78B
$33.44B
$27.64B
$11.08B
$1.68B
$9.96B
$13.85B
Short-term Investments
$90.66B
$102.61B
$168.67B
$120.84B
$143.24B
$126.40B
$112.92B
$111.63B
$89.38B
$71.20B
$57.97B
$42.70B
Receivables
$12.97B
$10.10B
$10.85B
$11.73B
$9.98B
$8.67B
$7.42B
$6.01B
$4.57B
$4.11B
$3.93B
$3.66B
Prepaid Expense
·
$570M
$728M
$582M
$615M
$491M
$955M
$658M
$398M
$389M
$339M
$420M
Other Current Assets
$22.75B
$18.82B
$12.58B
$10.36B
$11.05B
$11.01B
$9.19B
$6.84B
$3.42B
$3.35B
$4.11B
$3.41B
Current Assets
$151.97B
$168.85B
$230.25B
$212.85B
$213.31B
$183.34B
$165.56B
$155.09B
$151.17B
$99.76B
$78.23B
$64.04B
PP&E (Net)
$26.28B
$30.10B
$27.96B
$23.97B
$23.03B
$17.51B
$18.31B
$17.90B
$12.47B
$11.29B
$10.63B
$8.71B
PP&E (Gross)
$77.39B
$69.08B
$63.86B
$56.26B
$52.35B
$42.30B
$38.39B
$34.60B
$26.10B
$21.87B
$18.66B
$14.58B
Accum. Depreciation
·
$38.98B
$35.90B
$32.29B
$29.33B
$24.80B
$20.08B
$16.69B
$13.63B
$10.58B
$8.03B
$5.88B
Goodwill
$36.78B
$22.59B
$22.59B
$22.48B
$22.61B
$22.25B
$18.25B
$18.54B
$15.81B
$15.34B
$15.40B
$17.42B
Intangibles
$3.89B
$772M
$881M
$1.25B
$1.69B
$2.02B
$1.60B
$9.18B
$5.47B
$3.87B
$3.33B
$3.57B
Other Non-current Assets
$27.55B
$16.82B
$5.77B
$19.10B
$15.93B
$3.45B
$4.45B
$9.78B
$5.52B
$2.22B
$1.16B
$894M
Total Assets
$449.16B
$427.78B
$406.76B
$390.97B
$380.03B
$332.71B
$301.32B
$297.57B
$251.73B
$182.00B
$147.85B
$99.12B
Accounts Payable
$38.89B
$41.44B
$37.72B
$38.01B
$41.38B
$36.72B
$32.70B
$35.38B
$27.52B
$21.63B
$17.84B
$12.96B
Accrued Liabilities
$8.96B
$8.75B
$8.96B
$8.85B
$9.87B
$8.30B
·
·
·
·
$5.11B
$3.69B
Short-term Debt
$7.63B
$10.67B
$10.26B
$5.34B
$4.17B
$3.02B
$2.62B
$3.05B
$1.24B
$1.11B
$100M
$93M
Current Liabilities
$86.33B
$80.95B
$76.45B
$79.63B
$74.49B
$68.39B
$57.38B
$56.85B
$82.06B
$46.10B
$26.10B
$20.27B
Capital Leases
$4.11B
$4.97B
$5.04B
$4.81B
$5.57B
$4.69B
$4.49B
$0
·
$348.0K
$8M
$50M
Deferred Tax
$4.99B
$3.87B
$2.73B
$2.90B
$3.29B
$3.07B
$3.27B
$4.10B
$3.38B
$3.59B
$3.44B
$1.14B
Other Non-current Liabilities
$1.95B
$1.56B
$1.82B
$2.06B
$718M
$59M
$299M
$236M
$39M
$65M
$126M
$145M
Total Liabilities
$159.43B
$144.17B
$144.15B
$153.17B
$156.08B
$140.87B
$128.50B
$121.81B
$121.36B
$84.25B
$63.64B
$45.07B
Long-term Debt
$41.31B
$36.02B
$41.02B
$46.80B
$53.62B
$48.41B
$43.31B
$49.61B
$35.61B
$32.85B
$30.70B
·
Total Debt
$9.08B
$10.89B
$12.98B
$12.10B
$4.17B
$3.02B
$2.62B
$3.05B
$1.24B
$1.11B
$100M
$93M
Paid-in Capital
$94.98B
$91.59B
$87.10B
$79.86B
$73.89B
$47.21B
$38.71B
$33.44B
$12.09B
$8.32B
$6.40B
$3.65B
Retained Earnings
$177.69B
$180.07B
$161.24B
$148.34B
$145.16B
$135.28B
$126.27B
$129.25B
$102.33B
$85.73B
$74.66B
$47.70B
Treasury Stock
$4.69B
$6.24B
$3.82B
$5.26B
$7.58B
$0
·
·
·
·
·
·
AOCI
$-1.65B
$-1.80B
$-895M
$546M
$-8M
$199M
$-1.38B
$210M
$930M
$-1.78B
$-806M
$-280M
Stockholders' Equity
$266.33B
$263.62B
$243.63B
$223.48B
$211.46B
$182.70B
$163.60B
$162.90B
$115.35B
$92.27B
$80.26B
$51.07B
Liabilities + Equity
$449.16B
$427.78B
$406.76B
$390.97B
$380.03B
$332.71B
$301.32B
$297.57B
$251.73B
$182.00B
$147.85B
$99.12B
Shares Outstanding
2,722,014,080
2,763,574,692
2,805,191,400
2,796,585,392
2,764,332,792
2,679,129,040
2,766,630,000
2,794,795,680
2,785,298,560
34,726,805
34,606,462
35,106,236
Nakit Akışı15
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
D&A
$7.40B
$6.60B
$7.10B
$6.20B
$5.70B
$5.70B
$5.60B
$3.70B
·
·
·
·
Stock-based Comp
$3.60B
$4.78B
$6.34B
$6.79B
$7.06B
$6.73B
$5.63B
$4.68B
$3.24B
$1.76B
$1.39B
$963M
Deferred Tax
$-1.27B
$1.04B
$-163M
$-99M
$-449M
$115M
$-696M
$-761M
$-756M
$-14M
$2.26B
$-693M
Amort. of Intangibles
·
·
·
·
·
·
·
·
$7.90B
$4.70B
$2.50B
$1.59B
Other Non-cash
$-18.34B
$-14.95B
$3.02B
$5.72B
$-2.41B
$-10.81B
·
·
·
·
·
·
Operating Cash Flow
$-3.01B
$21.23B
$36.62B
$26.17B
$20.12B
$24.20B
$28.46B
$35.97B
$32.83B
$22.48B
$19.77B
$17.94B
CapEx
$12.07B
$8.13B
$11.19B
$8.29B
$10.90B
$5.08B
$6.43B
$8.77B
$4.78B
$4.19B
$5.23B
$4.83B
Investing Cash Flow
$-25.14B
$-8.55B
$-50.40B
$-3.94B
$-31.44B
$-27.55B
$-19.97B
$-34.46B
$-76.95B
$-35.91B
·
·
Stock Issued
·
·
·
$0
$19.87B
$0
$0
·
·
·
·
·
Stock Repurchased
$5.54B
$6.32B
$4.76B
$1.93B
$7.58B
$13.05B
$4.96B
$3.31B
$1.72B
$0
$6.38B
$0
Net Stock Activity
$-5.54B
$-6.32B
$-4.76B
$-1.93B
$12.29B
$-13.05B
$-4.96B
$-3.31B
$-1.72B
$0
$-6.38B
·
Financing Cash Flow
$17.14B
$-13.76B
$-14.16B
$-6.39B
$23.40B
$5.67B
$-3.87B
$15.08B
$44.56B
$14.45B
·
·
Net Change in Cash
$-11.76B
$-985M
$-27.66B
$17.57B
$11.13B
$2.10B
$4.61B
$18.49B
$120M
$1.16B
$-3.89B
$4.16B
Taxes Paid
$3.25B
$3.68B
$3.67B
$3.52B
$3.25B
$3.61B
$4.10B
$5.51B
$3.30B
$2.40B
$2.76B
$2.80B
Free Cash Flow
$-15.09B
$13.10B
$25.43B
$17.88B
$9.23B
$19.12B
$22.03B
$27.20B
$28.10B
$18.07B
$14.19B
$13.11B
Kârlılık7
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Operating Margin
-4.5%
16.0%
16.2%
12.9%
8.5%
13.4%
5.9%
15.2%
18.5%
14.2%
17.6%
26.1%
Net Margin
4.3%
17.8%
15.1%
6.1%
8.2%
21.0%
1.9%
27.0%
21.6%
16.5%
50.7%
26.9%
Pretax Margin
5.2%
21.5%
18.7%
8.2%
8.7%
21.6%
-0.32%
26.7%
25.1%
20.6%
57.1%
29.5%
EBITDA Margin
1.2%
20.9%
21.5%
17.9%
13.0%
18.7%
5.9%
15.2%
18.5%
14.2%
17.6%
26.1%
ROA
1.3%
5.7%
5.1%
2.0%
2.9%
7.1%
0.69%
10.0%
8.4%
7.0%
27.3%
15.5%
ROE
2.1%
9.4%
8.7%
3.5%
5.2%
13.0%
1.3%
19.8%
17.6%
13.5%
51.3%
29.3%
ROIC
-1.7%
6.5%
7.3%
5.0%
3.4%
6.4%
25.5%
7.7%
11.6%
8.6%
12.4%
21.0%
Likidite ve Solventlik3
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Current Ratio
1.8
2.1
3.0
2.7
2.9
2.7
2.9
2.7
1.8
2.2
3.0
3.2
Quick Ratio
1.5
1.7
2.7
2.3
2.6
2.5
2.7
2.6
1.2
2.0
2.8
2.5
Debt / Equity
0.0
0.0
0.1
0.1
0.0
0.0
0.0
0.0
0.0
0.0
0.0
0.0
Verimlilik2
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Asset Turnover
0.3
0.3
0.3
0.3
0.3
0.3
0.4
0.4
0.4
0.4
0.5
0.6
Receivables Turnover
11.2
12.7
11.9
11.4
13.4
13.3
16.0
19.3
19.5
17.6
17.5
16.7
Hisse Başına2
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Book Value / Share
$97.84
$95.39
$86.85
$79.91
$76.50
$68.19
$4730.64
$4662.87
$3312.99
$2657.13
$2319.09
$1467.71
Cash / Share
$9.04
$8.99
$8.99
$19.01
$13.33
$13.36
$967.04
$791.13
$48.94
$313.83
$287.81
$63.60
Değerleme (TTM)12
Metrik
Eğilim
2025
2024
2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
Revenue TTM
$129.08B
$133.12B
$134.60B
$123.67B
$124.49B
$107.07B
$107.41B
$102.28B
$84.81B
$70.55B
$66.38B
$49.05B
Net Income TTM
$5.59B
$23.76B
$20.32B
$7.56B
$10.23B
$22.47B
$2.06B
$27.57B
$18.30B
$11.63B
$33.66B
$13.20B
Market Cap
$355.66B
$233.00B
$334.07B
$319.87B
$411.31B
$579.33B
$4.37B
$5.54B
$8.15B
$5.71B
$6.54B
$8.00B
Enterprise Value
$249.48B
$116.45B
$153.15B
$157.98B
$235.38B
$420.17B
$-139.38B
$-130.68B
$-81.69B
$-83.02B
$-61.29B
$-37.95B
P/S
2.8
1.8
2.5
2.6
3.3
5.4
0.0
0.1
0.1
0.1
0.1
0.2
P/B
1.3
0.9
1.4
1.4
1.9
3.2
0.0
0.0
0.1
0.1
0.1
0.2
P / Tangible Book
1.6
1.0
1.5
1.6
2.2
3.7
·
·
·
·
·
·
P / Cash Flow
-118.0
11.0
9.1
12.2
20.4
23.9
0.2
0.2
0.2
0.3
0.3
0.4
P / FCF
-23.6
17.8
13.1
17.9
44.6
30.3
0.2
0.2
0.3
0.3
0.5
0.6
EV / EBITDA
158.2
4.2
5.3
7.1
14.5
21.0
-22.1
-8.4
-5.2
-8.3
-5.3
-3.0
EV / FCF
-16.5
8.9
6.0
8.8
25.5
22.0
-6.3
-4.8
-2.9
-4.6
-4.3
-2.9
EV / Revenue
1.9
0.9
1.1
1.3
1.9
3.9
-1.3
-1.3
-1.0
-1.2
-0.9
-0.8
Hisse Başına1
Metrik
Eğilim
Q4 2011
Q4 2010
Q4 2008
Q4 2007
Q4 2006
Q4 2005
EPS (TTM)
·
$100.96
$30.19
$18.11
·
·
Değerleme (TTM)4
Metrik
Eğilim
Q4 2011
Q4 2010
Q4 2008
Q4 2007
Q4 2006
Q4 2005
Revenue TTM
$14.50B
$7.92B
$3.20B
$1.74B
·
·
Net Income TTM
$6.64B
$3.53B
$1.05B
$629M
·
·
P/E
·
1.0
0.4
2.2
·
·
Earnings Yield
·
104.6%
231.2%
46.5%
·
·
En son dönem solda · null değerler · olarak gösterilir
Finansal Tablolar
Gelir tablosu, bilanço, nakit akışı — yıllık, son 5 yıl
16
Metrik
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Gelir
$129.08B
$133.12B
$134.60B
$123.67B
$124.49B
Faaliyet Kâr Marjı %
-4.5%
16.0%
16.2%
12.9%
8.5%
Net Gelir
$5.59B
$23.76B
$20.32B
$7.56B
$10.23B
Metrik
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Borç / Öz Sermaye
0.0
0.0
0.1
0.1
0.0
Cari Oran
1.8
2.1
3.0
2.7
2.9
Cari Oran
1.5
1.7
2.7
2.3
2.6
Metrik
2025-12-31
2024-12-31
2023-12-31
2022-12-31
2021-12-31
Serbest Nakit Akışı
$-15.09B
$13.10B
$25.43B
$17.88B
$9.23B
Kurumsal Sahipler (13F)
594 dosya
· $9.2B toplam
· Tarih itibarıyla 30 Eylül 2026
17
Çeyreklik SEC Form 13F'lerinde bu hisse senedini tuttuklarını bildiren kurumlar. Yalnızca uzun pozisyonlar; tek bir başvuru sahibi, ayrı opsiyon bacakları için iki kez görünebilir. Büyük dengeleyici alım/satım bacakları genellikle piyasa yapımını veya korunmuş envanteri yansıtır, yönlü bir inancı değil.
Sahipler594
Tutulan Değer$9.2B
Yeni pozisyonlar91
Çıkan pozisyonlar72
Kurumsal faaliyet — Q2 2026 ve önceki çeyrek
Yeni pozisyonlar
Çıkan pozisyonlar
Artırıldı
Azaldı
Net hisse senedi değişimi
91 (-5 önceki Ç'ye göre)
72 (-16 önceki Ç'ye göre)
174 (-9 önceki Ç'ye göre)
169 (-12 önceki Ç'ye göre)
+7.4M
Q1 2026 ile karşılaştırıldı. SEC Form 13F başvuruları, çeyrek sonundan itibaren 45 gün içinde ve geç başvuranlar için kısa bir ek süre içinde tamamlanmalıdır — bu pencere içindeki çeyrekler, en son tam olarak raporlanan çifte tercih edilerek atlanır.
SEC Çizelge 13D dosyalayan yatırımcılar — ihraççı üzerinde nüfuz etme niyetiyle %5'in üzerinde faydalı sahiplik (aktivist hisseler, yönetim kurulu kampanyaları, M&A). Her satır, o başvuru sahibinin pozisyonunun bilinen en son durumunu gösterir.
Purpose is an automated classification of the filer's own stated purpose (SEC Item 4) — not investment advice. "—" means no clear purpose was stated or the text could not be classified.
Şirket yöneticileri
3 içeriden öğrenenler
· 0 yöneticiler · 1 yönetim kurulu üyeleri
SEC Form 3/4/5 başvurularından yöneticiler; net = yalnızca açık piyasa Alış/Satış
ETF sahipliği
15 ETF'ler tarafından tutuluyor
20
Ağırlık yalnızca doğrudan öz sermaye varlıklarını (N-PORT) yansıtır; kaldıraçlı veya türev tabanlı fonlar gösterilmeyen ek swap pozisyonlarına sahip olabilir.