ZH Institutional Ownership
Who owns Zhihu Inc. and what the big funds did with it last quarter, from every SEC 13F filing. 45 funds reported holding ZH at Jun 30, 2026.
- ▼14 buying vs 24 selling
- ▲Shares held by funds +4.7%
- ▼Funds holding -3
- ▼Superinvestors: 1 added, 2 cut
- ●Put/call not meaningful
What the filings show, not a forecast. Positions can be up to 45 days old and leave out short sales.
Funds holding and ownership
8 quartersQuarter over quarter
all 13F filers| Q2 2026 | This quarter | Q1 2026 | Change |
|---|---|---|---|
| Funds holding | 45 | 48 | −6.3% |
| In funds' top 10 | 1 | 1 | 0.0% |
| 13F shares | 12.8M | 12.3M | +4.7% |
| Held by funds | – | – | – |
| New positions | 2 | 7 | −71.4% |
| Increased | 12 | 17 | −29.4% |
| Reduced | 20 | 14 | +42.9% |
| Sold out | 4 | 10 | −60.0% |
| Calls (shares) | 0 | 0 | – |
| Puts (shares) | 0 | 0 | – |
| Put/call ratio | – | – | – |
Buyers vs sellers
adding or new vs cutting or sold outSuperinvestors in ZH
All superinvestors →
Who owns ZH
share of fund held shares- Index and passive funds3.9%
- Active managers and hedge funds82.1%
- Banks and brokers13.4%
- Pensions, insurers and other0.7%
The top 10 holders own 82.2% of all ZH shares that funds reported. Groups are our own grouping of filers by name.
Filed so far for Q3 2026
2 funds changed their position- Ramsey Quantitative SystemsTrimmed−46K sh
- Caitong International Asset Management Co., LtdAdded+85 sh
Top holders
Q2 2026| # | Fund | Of company | Shares | Value | Change |
|---|---|---|---|---|---|
| 1 | FIL Ltd | – | 3.6M | $11.5M | +1.7M |
| 2 | Acadian Asset Management LLC | – | 2.9M | $9.2M | −288K |
| 3 | Goldman Sachs Group Inc | – | 578K | $1.8M | +83K |
| 4 | First Beijing Investment Ltd | – | 551K | $1.7M | 0 |
| 5 | E Fund Management Co., Ltd. | – | 508K | $1.6M | −157K |
| 6 | E Fund Management (Hong Kong) Co., Ltd. | – | 508K | $1.6M | −157K |
| 7 | Dodge & Cox | – | 501K | $1.6M | +20K |
| 8 | State Street Corp | – | 469K | $1.5M | −142K |
| 9 | UBS Group AG | – | 455K | $1.4M | +7,082 |
| 10 | Maven Securities LTD | – | 400K | $1.3M | −79K |
- FIL Ltd+1.7M sh+$5.4M
- Harvest Fund Management Co., Ltd+210K sh+$659K
- Two Sigma Investments, LP+85K sh+$266K
- Goldman Sachs Group Inc+83K sh+$261K
- Citadel Advisors LLC+70K sh+$220K
- Ramsey Quantitative Systems+54K sh+$169K
- Dodge & Cox+20K sh+$63K
- Arrowstreet Capital, Limited Partnership+18K sh+$57K
- Acadian Asset Management LLC−288K sh−$899K
- Qube Research & Technologies Ltd−204K sh−$639K
- E Fund Management Co., Ltd.−157K sh−$490K
- E Fund Management (Hong Kong) Co., Ltd.−157K sh−$490K
- Jane Street Group, LLC−155K sh−$487K
- State Street Corp−142K sh−$444K
- Commonwealth of Pennsylvania Public School Empls Retrmt Sys−141K sh−$399K
- Point72 Asset Management, L.P.−137K sh−$389K
ZH institutional ownership FAQ
Who owns the most ZH stock?
In Q2 2026 13F filings the largest holder of ZH was FIL Ltd, followed by Acadian Asset Management LLC and Goldman Sachs Group Inc. Index fund managers are usually the biggest holders of large companies.
What percentage of ZH is owned by institutions?
45 funds reported holding 12.8M ZH shares at Jun 30, 2026.
Are hedge funds buying ZH?
In Q2 2026, 14 funds bought ZH (2 of them new positions) and 24 sold (4 sold out completely). Among well known investors, 1 added and 2 cut. Our fund sentiment for ZH is bearish.
What is ZH's institutional put/call ratio?
Too few option positions were reported for a meaningful ratio.
How current is this ZH ownership data?
13F filings show holdings at the end of each quarter and are due within 45 days, so positions can be up to six weeks old when they appear. We add each new filing within minutes, and the "filed so far" list shows funds that have already reported the next quarter.
For informational and educational purposes only. Not investment advice, and not a recommendation to buy or sell any security. Fund sentiment summarises what 13F filings show and is not a forecast. Holdings come from SEC Form 13F filings as reported and show positions at the end of the quarter, up to 45 days before the filing. A 13F leaves out short positions, cash, bonds and most foreign holdings. See all hedge fund holdings.