ZH · Zhihu Inc. · Shareholders & Ownership
Every disclosed holder of ZH in one list: 13F institutions, Schedule 13D and 13G filers, insiders (Forms 3, 4 and 5) and registered funds, each from its own latest filing. Holders nest by CIK and SEC reporting links, never by name, and each is summed once.
Who Owns ZH
13F quarter Jun 30, 2026No chart: shares outstanding cannot be set against these holders.
| Holder group | Shares | % Out |
|---|---|---|
| Institutional (13F) | 12,835,226 | — |
| Insiders (Forms 3, 4, 5) | 0 | — |
| 13D/G-only blocks | 35,390,032 | — |
| Registered funds (N-PORT, not summed) | 1,348,673 | — |
% Out is unavailable: a foreign private issuer reports ordinary shares, a different unit from the listed shares.
Insiders are listed but not summed: the issuer has more than one class of common stock and Forms 3, 4 and 5 report one issuer-wide balance across them.
13D/G-only counts each filer's latest 13D or 13G that no 13F report of the listing contains, that names no 13F filer and that no counted insider files. Funds are never summed: their shares sit inside their advisers' 13F reports.
Holders of ZH
| # | Holder | Shares | As of | Notes |
|---|---|---|---|---|
| 1 |
|
36,854,578 | ||
| 2 |
Plus Channel Limited
13D
CIK 2061808 · Unknown · Dec 19, 2025
|
25,430,552 | ||
| 3 |
Tencent Holdings Limited
13D
CIK 1293451 · Unknown · Jan 30, 2024
|
6,344,433 | ||
| 4 |
FIL Ltd
13F
CIK 318989 · Non-US institution · Jun 30, 2026
|
3,639,387 | ||
| 5 |
ACADIAN ASSET MANAGEMENT LLC
13F
CIK 916542 · Unknown · Jun 30, 2026
|
2,946,610 | ||
| 6 |
|
2,830,000 | ||
| 7 |
|
1,914,731 | ||
| 8 |
|
1,772,492 | ||
| 9 |
Qiming Corporate GP III, Ltd.
13G
CIK 1522075 · Unknown · Dec 31, 2023
Rule 13d-1(d), exempt investor
|
1,700,316 | ||
| 10 |
GOLDMAN SACHS GROUP INC
13F
CIK 886982 · Holding company · Jun 30, 2026
|
577,573 | ||
| 11 |
First Beijing Investment Ltd
13F
CIK 1701717 · Exempt reporting adviser · Jun 30, 2026
|
551,048 | ||
| 12 |
E Fund Management (Hong Kong) Co., Ltd.
13F
CIK 1777469 · Registered investment adviser · Jun 30, 2026
|
508,019 | ||
| 13 |
E Fund Management Co., Ltd.
13F
CIK 1842296 · Unknown · Jun 30, 2026
|
508,019 | ||
| 14 |
Dodge & Cox
13F
CIK 200217 · Registered investment adviser · Jun 30, 2026
|
501,092 | ||
| 14.1 |
Dodge & Cox Emerging Markets Stock Fund
Fund
S000069725 · Registered fund · Jun 30, 2026
Dodge & Cox Funds, not summed
|
486,358 | ||
| 15 |
STATE STREET CORP
13F
CIK 93751 · Bank · Jun 30, 2026
|
469,155 | ||
| 15.1 |
State Street(R) SPDR(R) Portfolio Emerging Markets ETF
Fund
S000014048 · Registered fund · Jun 30, 2026
SPDR INDEX SHARES FUNDS, not summed
|
81,447 | ||
| 15.2 |
State Street(R) SPDR(R) S&P(R) Emerging Markets Small Cap ETF
Fund
S000021247 · Registered fund · Jun 30, 2026
SPDR INDEX SHARES FUNDS, not summed
|
17,262 | ||
| 15.3 |
State Street(R) SPDR(R) S&P(R) China ETF
Fund
S000014047 · Registered fund · Jun 30, 2026
SPDR INDEX SHARES FUNDS, not summed
|
12,601 | ||
| 15.4 |
State Street(R) SPDR(R) S&P(R) Emerging Asia Pacific ETF
Fund
S000014046 · Registered fund · Jun 30, 2026
SPDR INDEX SHARES FUNDS, not summed
|
1,045 | ||
| 16 |
UBS Group AG
13F
CIK 1610520 · Bank · Jun 30, 2026
|
454,892 | ||
| 17 |
Maven Securities LTD
13F
CIK 1633046 · Unknown · Jun 30, 2026
|
400,387 | ||
| 18 |
Jacob Internet Fund
Fund
S000005257 · Registered fund · Aug 31, 2026
Jacob Funds Inc., not summed
|
255,000 | ||
| 19 |
MORGAN STANLEY
13F
CIK 895421 · Holding company · Jun 30, 2026
|
232,938 | ||
| 20 |
Oasis Management Co Ltd.
13F
CIK 1317904 · Investment adviser · Jun 30, 2026
|
225,000 | ||
| 21 |
Harvest Fund Management Co., Ltd
13F
CIK 1694126 · Unknown · Jun 30, 2026
|
210,000 | ||
| 22 |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP
13F
CIK 1164508 · Registered investment adviser · Jun 30, 2026
|
168,256 | ||
| 23 |
JANE STREET GROUP, LLC
13F
CIK 1595888 · Unknown · Jun 30, 2026
|
148,150 | ||
| 24 |
XTX Topco Ltd
13F
CIK 1828301 · Unknown · Jun 30, 2026
|
133,210 | ||
| 25 |
Jacob Discovery Fund
Fund
S000038991 · Registered fund · Aug 31, 2026
Jacob Funds Inc., not summed
|
127,366 | ||
| 26 |
CITADEL ADVISORS LLC
13F
CIK 1423053 · Registered investment adviser · Jun 30, 2026
|
111,816 | ||
| 27 |
JPMORGAN CHASE & CO
13F
CIK 19617 · Bank · Jun 30, 2026
|
104,565 | ||
| 28 |
SEI INVESTMENTS CO
13F
CIK 350894 · Unknown · Jun 30, 2026
|
103,607 | ||
| 28.1 |
SIIT WORLD EQUITY EX-US FUND
Fund
S000006765 · Registered fund · May 31, 2026
SEI INSTITUTIONAL INVESTMENTS TRUST, not summed
|
70,811 | ||
| 29 |
TWO SIGMA INVESTMENTS, LP
13F
CIK 1179392 · Registered investment adviser · Jun 30, 2026
|
99,458 | ||
| 30 |
Russell Investments Group, Ltd.
13F
CIK 1692234 · Unknown · Jun 30, 2026
|
95,933 | ||
| 31 |
BNP PARIBAS ARBITRAGE, SA
13F
CIK 1166588 · Non-US institution · Jun 30, 2026
|
95,875 | ||
| 32 |
AMERICAN CENTURY COMPANIES INC
13F
CIK 748054 · Unknown · Jun 30, 2026
|
83,097 | ||
| 33 |
Avantis Emerging Markets Equity ETF
Fund
S000066454 · Registered fund · May 31, 2026
American Century ETF Trust, not summed
|
76,228 | ||
| 34 |
NEW YORK STATE COMMON RETIREMENT FUND
13F
CIK 810265 · Unknown · Jun 30, 2026
|
68,640 | ||
| 35 |
MILLENNIUM MANAGEMENT LLC
13F
CIK 1273087 · Registered investment adviser · Jun 30, 2026
|
64,869 | ||
| 36 |
AMERIPRISE FINANCIAL INC
13F
CIK 820027 · Investment adviser · Jun 30, 2026
|
63,291 | ||
| 37 |
Columbia Greater China Fund
Fund
S000012069 · Registered fund · May 31, 2026
COLUMBIA FUNDS SERIES TRUST I, not summed
|
63,286 | ||
| 38 |
RAMSEY QUANTITATIVE SYSTEMS
13F
CIK 1132897 · Registered investment adviser · Jun 30, 2026
|
53,846 | ||
| 39 |
Jacob Small Cap Growth Fund
Fund
S000027365 · Registered fund · Aug 31, 2026
Jacob Funds Inc., not summed
|
51,000 | ||
| 40 |
Qube Research & Technologies Ltd
13F
CIK 1729829 · Exempt reporting adviser · Jun 30, 2026
|
44,716 | ||
| 41 |
Diversified Trust Co
13F
CIK 1479844 · Unknown · Jun 30, 2026
|
44,184 | ||
| 42 |
|
43,867 | ||
| 43 |
VOYA MULTI-MANAGER INTERNATIONAL SMALL CAP FUND
Fund
S000008531 · Registered fund · Jul 31, 2026
Voya Mutual Funds, not summed
|
37,520 | ||
| 44 |
MARSHALL WACE, LLP
13F
CIK 1318757 · Exempt reporting adviser · Jun 30, 2026
|
35,750 | ||
| 45 |
|
33,507 | ||
| 46 |
Harbor International Core Fund
Fund
S000064886 · Registered fund · Jul 31, 2026
HARBOR FUNDS, not summed
|
31,054 | ||
| 47 |
NOMURA HOLDINGS INC
13F
CIK 1163653 · Unknown · Jun 30, 2026
|
27,764 | ||
| 48 |
Invesco Ltd.
13F
CIK 914208 · Investment adviser · Jun 30, 2026
|
26,688 | ||
| 48.1 |
Invesco Golden Dragon China ETF
Fund
S000003052 · Registered fund · Jul 31, 2026
Invesco Exchange-Traded Fund Trust, not summed
|
26,280 | ||
| 49 |
Police & Firemen's Retirement System of New Jersey
13F
CIK 2040686 · Unknown · Jun 30, 2026
|
15,762 | ||
| 50 |
SUSQUEHANNA INTERNATIONAL GROUP, LLP
13F
CIK 1446194 · Unknown · Jun 30, 2026
|
11,669 |
Shares are restated onto today's split basis. Change compares each row with the same holder's previous filing in the same source; a dash means there is none to compare. Nested 13D/G, insider and fund rows are not summed, since a 13F report already holds them.
Showing 1–50 of 66 holders
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