| Item 1. | |
| (a) | Name of issuer:
Webull Corp |
| (b) | Address of issuer's principal executive offices:
200 CARILLON PARKWAY, ST. PETERSBURG, FLORIDA, 33716. |
| Item 2. | |
| (a) | Name of person filing:
Tianjin Nuofeng Enterprise Management Consulting Partnership (Limited Partnership)
Gopher Asset Management Co., Ltd.
Shanghai Noah Investment Management Co., Ltd.
Zhe Yin |
| (b) | Address or principal business office or, if none, residence:
The business address of each of the Reporting Persons is Noah Wealth Center, No. 1226, South Shenbin Road, Minhang District, Shanghai, China |
| (c) | Citizenship:
Tianjin Nuofeng Enterprise Management Consulting Partnership (Limited Partnership): China
Gopher Asset Management Co., Ltd.: China
Shanghai Noah Investment Management Co., Ltd.: China
Zhe Yin: China |
| (d) | Title of class of securities:
Class A Ordinary Shares, par value US$0.00001 per share |
| (e) | CUSIP No.:
G9572D103 |
| 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);
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| (b) | Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
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| (c) | Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
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| (d) | Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
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| (e) | An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
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| (f) | An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
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| (g) | A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
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| (h) | A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
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| (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);
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| (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:
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| (k) | Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
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| Item 4. | Ownership |
| (a) | Amount beneficially owned:
The information required by Item 4(a) is set forth in Row 9 of the cover page for each Reporting Person and is incorporated herein by reference. |
| (b) | Percent of class:
The information required by Item 4(b) is set forth in Row 11 of the cover page for each Reporting Person and is incorporated herein by reference. The percentage of the total outstanding Class A ordinary shares is calculated based on the 401,758,855 Class A ordinary shares outstanding as reported in the Issuer's final prospectus for the registration statement on Form F-1 filed with the SEC on July 23, 2025. The percentage of the total outstanding ordinary shares is calculated based on the 484,746,871 outstanding ordinary shares as a single class, being the sum of 401,758,855 Class A ordinary shares and 82,988,016 Class B ordinary shares outstanding as reported in the Issuer's final prospectus for the registration statement on Form F-1 filed with the SEC on July 23, 2025. |
| (c) | Number of shares as to which the person has:
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| | (i) Sole power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
|
| | (ii) Shared power to vote or to direct the vote:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
|
| | (iii) Sole power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
|
| | (iv) Shared power to dispose or to direct the disposition of:
The information required by Item 4(c) is set forth in Rows 5-8 of the cover page for each Reporting Person and is incorporated herein by reference.
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| Item 5. | Ownership of 5 Percent or Less of a Class. |
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| Item 6. | Ownership of more than 5 Percent on Behalf of Another Person. |
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Not Applicable
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| Item 7. | Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person. |
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Not Applicable
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| Item 8. | Identification and Classification of Members of the Group. |
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Not Applicable
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| Item 9. | Notice of Dissolution of Group. |
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Not Applicable
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Rule 13d-1(d)