ZH · Zhihu Inc. · Holdings

$2.84 +0.03 (+1.07%) At close · Sep 11

Market Cap

$241.36M

84.99M

Institutional ownership from SEC Form 13F filings. Investment managers with more than $100 million in U.S. equities must disclose their positions every quarter, within 45 days of quarter-end, so the holdings shown can lag the market by up to a quarter.

Use institutional holdings through the 13F API or MCP →

Quarter:

Holders: 45

Total Value: $40,301,935

Total Shares: 12,876,026

Institutional Ownership Trend

22 quarters

Holder Concentration

Across 45 13F filers · Δ vs Mar 31, 2026

Top Holder

28.3%

+1.9 pts

Top 5

63.9%

+6.0 pts

Top 10

82.0%

+4.1 pts

HHI

1,462

Broadly held+326

Quarterly Activity

vs Mar 31, 2026

New

Increased

Decreased

Sold Out

Unchanged

Holder count: -3

Institutional value: +15.5%

Shares held: +4.8%

Top Buyers

vs Mar 31, 2026

Institution	Added	Now Holds
Mega FIL Ltd	+1,701,677	3,639,387
Mega TWO SIGMA INVESTMENTS, LP	+85,090	99,458
Mega GOLDMAN SACHS GROUP INC	+83,457	577,573
Mega CITADEL ADVISORS LLC	+57,032	111,816
Mega Dodge & Cox	+20,000	501,092

Top Sellers

vs Mar 31, 2026

Institution	Sold	Now Holds
Large ACADIAN ASSET MANAGEMENT LLC	−288,085	2,946,610
Mega Qube Research & Technologies Ltd	−204,035	44,716
Small E Fund Management (Hong Kong) Co., Ltd.	−156,652	508,019
Mid E Fund Management Co., Ltd.	−156,652	508,019
Mega JANE STREET GROUP, LLC	−155,479	148,150

Top New Positions

vs Mar 31, 2026

Institution	Acquired	Value (USD)	Open
Mid Harvest Fund Management Co., Ltd	210,000	$657,300
Small RAMSEY QUANTITATIVE SYSTEMS	53,846	$168,537

Top Sold-Out Positions

vs Mar 31, 2026

Institution	Previously Held	Last Value (USD)
Large COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	140,523	$399,085
Large Point72 Asset Management, L.P.	136,831	$388,600
Large HRT FINANCIAL LP	24,144	$68,568
Small Oakum Bay Capital LLC	2,426	$6,889
Large OSAIC HOLDINGS, INC.	50	$142

Filter: New 2 Increased 13 Reduced 19 Sold out 5 Unchanged 11

Showing 46 of 46

All Common Calls Puts

Compact Export CSV

Holder

Value (USD)

% of 13F

FIL Ltd

$11,391,281

28.26%

3,639,387

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
FIL Investment Management (Hong Kong) Ltd	3,639,387	$11,391,281	100.0%	Defined

ACADIAN ASSET MANAGEMENT LLC

$9,222,889

22.88%

2,946,610

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Acadian Inc	2,946,610	$9,222,889	100.0%	Defined

GOLDMAN SACHS GROUP INC

$1,807,803

4.49%

577,573

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
GOLDMAN SACHS & CO. LLC	577,573	$1,807,803	100.0%	Defined

First Beijing Investment Ltd

$1,724,780

4.28%

551,048

E Fund Management Co., Ltd.

$1,590,099

3.95%

508,019

E Fund Management (Hong Kong) Co., Ltd.

$1,590,099

3.95%

508,019

Dodge & Cox

$1,568,417

3.89%

501,092

STATE STREET CORP

$1,468,455

3.64%

469,155

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
STATE STREET GLOBAL ADVISORS EUROPE LIMITED joint	469,155	$1,468,455	100.0%	Defined

UBS Group AG

$1,423,811

3.53%

454,892

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
UBS Financial Services Inc	666	$2,084	0.1%	Defined
UBS AG	453,063	$1,418,087	99.6%	Defined
UBS Securities LLC	1,163	$3,640	0.3%	Defined

Maven Securities LTD

$1,253,211

3.11%

400,387

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Maven Investment Partners Ltd	400,387	$1,253,211	100.0%	Defined

MORGAN STANLEY

$729,094

1.81%

232,938

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
MORGAN STANLEY CAPITAL SERVICES, LLC	227,182	$711,079	97.5%	Defined
MORGAN STANLEY SMITH BARNEY LLC	838	$2,622	0.4%	Defined
PARAMETRIC PORTFOLIO ASSOCIATES LLC	4,918	$15,393	2.1%	Defined

Oasis Management Co Ltd.

$704,250

1.75%

225,000

Harvest Fund Management Co., Ltd

$657,300

1.63%

210,000

ARROWSTREET CAPITAL, LIMITED PARTNERSHIP

$526,641

1.31%

168,256

JANE STREET GROUP, LLC

$463,708

1.15%

148,150

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Jane Street Capital, LLC	85,623	$267,999	57.8%	Defined
Jane Street Global Trading, LLC	62,527	$195,709	42.2%	Defined

XTX Topco Ltd

$416,947

1.03%

133,210

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
XTX EXECUTION SERVICES LLC joint	133,210	$416,947	100.0%	Defined

CITADEL ADVISORS LLC

$349,984

0.87%

111,816

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citadel Securities GP LLC	111,816	$349,984	100.0%	Defined

JPMORGAN CHASE & CO

$327,287

0.81%

104,565

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
JPMorgan Chase Bank, N.A.	168	$525	0.2%	Defined
J.P. Morgan Securities LLC	104,397	$326,762	99.8%	Defined

SEI INVESTMENTS CO

$324,289

0.80%

103,607

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SEI TRUST CO	103,607	$324,289	100.0%	Sole

TWO SIGMA INVESTMENTS, LP

$311,303

0.77%

99,458

Russell Investments Group, Ltd.

$300,270

0.75%

95,933

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Russell Investments Limited joint	95,933	$300,270	100.0%	Other

BNP PARIBAS ARBITRAGE, SA

$300,088

0.74%

95,875

AMERICAN CENTURY COMPANIES INC

$260,093

0.65%

83,097

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
AMERICAN CENTURY INVESTMENT MANAGEMENT INC	83,097	$260,093	100.0%	Defined

NEW YORK STATE COMMON RETIREMENT FUND

$214,843

0.53%

68,640

MILLENNIUM MANAGEMENT LLC

$203,039

0.50%

64,869

AMERIPRISE FINANCIAL INC

$198,100

0.49%

63,291

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Columbia Management Investment Advisers, LLC	63,291	$198,100	100.0%	Defined

RAMSEY QUANTITATIVE SYSTEMS

$168,537

0.42%

53,846

Qube Research & Technologies Ltd

$139,961

0.35%

44,716

Diversified Trust Co

$138,295

0.34%

44,184

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$127,704

0.32%

40,800

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	40,800	$127,704	100.0%	Other

MARSHALL WACE, LLP

$111,897

0.28%

35,750

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Marshall Wace North America L.P. joint	30,565	$95,668	85.5%	Other
MARSHALL WACE ASIA Ltd	5,185	$16,229	14.5%	Other

NOMURA HOLDINGS INC

$86,901

0.22%

27,764

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
NOMURA GLOBAL FINANCIAL PRODUCTS INC	27,764	$86,901	100.0%	Defined

Invesco Ltd.

$83,533

0.21%

26,688

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Invesco Capital Management LLC	26,688	$83,533	100.0%	Defined

Police & Firemen's Retirement System of New Jersey

$49,335

0.12%

15,762

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Acadian Asset Management LLC	15,762	$49,335	100.0%	Defined

SUSQUEHANNA INTERNATIONAL GROUP, LLP

$36,523

0.09%

11,669

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
SUSQUEHANNA SECURITIES, LLC	11,669	$36,523	100.0%	Other

PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO

$10,595

0.03%

3,385

Tower Research Capital LLC (TRC)

$9,977

0.02%

3,188

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Tower Research Capital Investments LLC	135	$422	4.2%	Other
Latour Trading LLC (Latour)	3,053	$9,555	95.8%	Defined

RHUMBLINE ADVISERS

$5,405

0.01%

1,727

ROYAL BANK OF CANADA

$2,638

0.01%

843

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
RBC Capital Markets, LLC	843	$2,638	100.0%	Defined

CITIGROUP INC

$1,339

0.00%

428

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Citigroup Financial Products Inc. joint	428	$1,339	100.0%	Defined

PNC FINANCIAL SERVICES GROUP, INC.

$450

0.00%

144

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
PNC Wealth Management LLC	144	$450	100.0%	Defined

TSFG, LLC

$363

0.00%

116

SBI Securities Co., Ltd.

$328

0.00%

105

Caitong International Asset Management Co., Ltd

$46

0.00%

SIMPLEX TRADING, LLC

$21

0.00%

BlackRock, Inc.

0.00%

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
Aperio Group, LLC	2	$6	100.0%	Sole

This filing is a combination report: the position is filed across the managers below.

Manager	Shares	Value (USD)	% of position	Discretion
OSAIC WEALTH, INC.	50	$142	100.0%	Defined

Key facts CIK 1835724 CUSIP 98955N207 13F (30d) 17 filings 17 filers Visit website Investor relations