Zhihu Inc. - ADRZH

13F holders, Q3 2025 (September 30)
54holders −7
7new positions
12sold out
2famous investors
$5.08avg. 13F price*

At the end of Q3 2025, 54 institutions reported holding Zhihu Inc. - ADR (ZH) in their 13F filings, down 7 from Q2 2025. 7 opened new positions and 12 sold out. The largest holders were Acadian Asset Management LLC ($17.2M), FIL Ltd ($10.0M) and Vanguard Group Inc. ($9.5M). 2 famous investors held it, including Jim Simons / Peter Brown (0.0% of Renaissance Technologies's portfolio) and Israel Englander (0.0% of Millennium Management's portfolio).

Company
Zhihu Inc. - ADR
CUSIP
98955N207
Latest filing quarter
Q2 2026

History

Number of 13F holders

020406080 Q2 2024: 34Q2 2024Q3 2024: 46Q3 2024Q4 2024: 48Q4 2024Q1 2025: 57Q1 2025Q2 2025: 61Q2 2025Q3 2025: 54Q3 2025Q4 2025: 51Q4 2025Q1 2026: 48Q1 2026Q2 2026: 45Q2 2026

Total Exit/New Position Q2 2025 → Q3 2025

InstitutionsTotal Value
New Positions7$5.2M
Exits12$7.4M

All 13F filers, Q2 2025 → Q3 2025: 4,476,211 shares bought and 2,589,033 shares sold, net +1,887,178 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.

Ownership 54 holders

Acadian Asset Management LLC 0.03% Reduce -0.4% 3,402,032 $17.2M
FIL Ltd 0.01% Add +293.9% 1,933,348 $10.0M
Vanguard Group Inc. 0.00% Add +2.4% 1,877,450 $9.5M
Morgan Stanley 0.00% Add +73.8% 1,157,273 $5.9M
Arrowstreet Capital, Limited Partnership 0.00% No change 1,090,673 $5.5M
Goldman Sachs Group Inc. 0.00% Add +246.1% 641,043 $3.3M
State Street Corp. 0.00% Add +55.3% 624,617 $3.2M
UBS Group AG 0.00% Add +1609.5% 536,230 $2.7M
Maven Securities LTD 0.28% New 290,977 $1.5M
Marshall Wace, LLP 0.00% Add +37.8% 282,968 $1.4M
Dodge & Cox 0.00% New 276,897 $1.4M
E Fund Management (Hong Kong) Co., Ltd. 0.72% Add +19.4% 233,379 $1.2M
Oasis Management Co Ltd. 0.25% New 225,000 $1.1M
Jane Street Group, LLC 0.00% Reduce -16.0% 210,257 $1.1M
Public Employees Retirement System of Ohio 0.00% No change 190,049 $964K
Gsa Capital Partners LLP 0.06% Add +158.7% 152,299 $772K
Capitolis Liquid Global Markets LLC 0.01% New 148,500 $753K
Susquehanna International Group, LLP 0.00% Reduce -41.1% 146,463 $743K
Commonwealth of Pennsylvania Public School Empls Retrmt SYS 0.00% No change 140,523 $712K
Nomura Holdings Inc. 0.00% No change 112,464 $570K
Renaissance Technologies 0.00% No change 86,288 $437K
National Bank of Canada 0.00% Reduce 0.0% 84,400 $428K
American Century Companies Inc. 0.00% Add +31.9% 82,446 $418K
Empirical Financial Services, LLC d.b.a. Empirical Wealth Management 0.01% Add +84.1% 79,558 $403K
BNP Paribas Financial Markets 0.00% Reduce -3.8% 74,393 $377K
California Public Employees Retirement System 0.00% Reduce -7.2% 72,220 $366K
JPMorgan Chase & Co. 0.00% Reduce -47.4% 69,582 $353K
BlackRock, Inc. 0.00% Add +1.1% 61,855 $314K
HSBC Holdings PLC 0.00% Reduce -8.2% 59,812 $306K
Sei Investments Co. 0.00% No change 57,617 $292K
Campbell & CO Investment Adviser LLC 0.02% New 55,892 $283K
Group One Trading LLC 0.01% Reduce -30.9% 55,344 $281K
New York State Common Retirement Fund 0.00% No change 52,144 $264K
Cubist Systematic Strategies, LLC 0.00% Reduce -52.2% 47,808 $242K
Diversified Trust Co. 0.00% Reduce -3.4% 44,184 $224K
Millennium Management 0.00% Reduce -85.4% 43,857 $222K
Ameriprise Financial Inc. 0.00% Add +44.3% 36,088 $183K
Citigroup Inc. 0.00% Add +14.0% 35,460 $180K
Invesco Ltd. 0.00% Reduce -5.6% 32,041 $162K
Russell Investments Group, Ltd. 0.00% No change 28,805 $149K
Qube Research & Technologies Ltd 0.00% New 27,843 $141K
Two Sigma Advisers, LP 0.00% Add +41.8% 18,817 $95K
Simplex Trading, LLC 0.00% Reduce -49.6% 17,947 $90K
Point72 Asia (Singapore) Pte. Ltd. 0.00% Reduce -33.4% 3,887 $20K
Tower Research Capital LLC (TRC) 0.00% Add +721.3% 3,285 $17K
Rhumbline Advisers 0.00% Reduce -2.3% 2,820 $14K
Cedar Wealth Management, LLC 0.00% No change 2,483 $13K
Legal & General Group Plc 0.00% No change 606 $3K
Bank of America Corp. 0.00% Reduce -99.6% 506 $3K
Bell Investment Advisors, Inc 0.00% No change 416 $2K
EverSource Wealth Advisors, LLC 0.00% No change 257 $1K
Tsfg, LLC 0.00% No change 116 $1K
SBI Securities Co., Ltd. 0.00% No change 189 $958
Bessemer Group Inc. 0.00% New 71 $0

"% of holder's portfolio" is ZH's weight in each manager's 13F, not the share of Zhihu Inc. - ADR the manager owns.