Zai Lab Ltd.-ADRZLAB
13F holders, Q4 2025 (December 31)At the end of Q4 2025, 126 institutions reported holding Zai Lab Ltd.-ADR (ZLAB) in their 13F filings, down 12 from Q3 2025. 31 opened new positions and 43 sold out. The largest holders were RTW Investments, LP ($122.8M), Frazier Life Sciences Management, L.P. ($33.6M) and Clearbridge Investments, LLC ($31.9M). 3 famous investors held it, including Ron Baron (0.1% of Baron Capital (BAMCO)'s portfolio), Ken Griffin (0.0% of Citadel Advisors's portfolio) and David E. Shaw (0.0% of D. E. Shaw & Co.'s portfolio).
- Company
- Zai Lab Ltd.-ADR
- CUSIP
- 98887Q104
- Latest filing quarter
- Q2 2026
History
Number of 13F holders
Total Exit/New Position Q3 2025 → Q4 2025
| Institutions | Total Value | |
|---|---|---|
| New Positions | 31 | $31.8M |
| Exits | 43 | $351.4M |
All 13F filers, Q3 2025 → Q4 2025: 11,139,333 shares bought and 17,454,140 shares sold, net −6,314,807 shares. Counts holders who added, trimmed, opened or closed a position; split-adjusted.
Ownership 126 holders
| RTW Investments, LP | 1.23% | Add +203.7% | 6,959,032 | $122.8M |
| Frazier Life Sciences Management, L.P. | 0.90% | Add +16.9% | 1,902,320 | $33.6M |
| Clearbridge Investments, LLC | 0.03% | Reduce -48.6% | 1,808,035 | $31.9M |
| UBS Group AG | 0.01% | Add +481.4% | 1,782,252 | $31.4M |
| Citadel Advisors | 0.02% | Add +71.0% | 1,687,846 | $29.8M |
| FMR LLC | 0.00% | Reduce -69.4% | 1,440,406 | $25.4M |
| Baron Capital (BAMCO) | 0.07% | Add +3.4% | 1,418,005 | $25.0M |
| ADAR1 Capital Management, LLC | 1.64% | Add +43.5% | 1,246,520 | $22.0M |
| Rock Springs Capital Management LP | 0.74% | Add +2.6% | 811,546 | $14.3M |
| Wellington Management Group LLP | 0.00% | Reduce -56.2% | 752,858 | $13.3M |
| BlackRock, Inc. | 0.00% | Add +34.1% | 635,213 | $11.2M |
| T. Rowe Price Associates Inc. | 0.00% | Reduce -36.4% | 602,954 | $10.6M |
| C WorldWide Group Holding A/S | 0.16% | No change | 510,000 | $9.0M |
| B Group, Inc. | 5.23% | No change | 400,000 | $7.1M |
| Bank of America Corp. | 0.00% | Add +173.1% | 388,769 | $6.9M |
| Legal & General Group Plc | 0.00% | Add +1.4% | 387,800 | $6.8M |
| Jane Street Group, LLC | 0.01% | New | 382,062 | $6.7M |
| Walleye Capital LLC | 0.04% | New | 373,399 | $6.6M |
| Schroder Investment Management Group | 0.00% | Add +90.9% | 299,844 | $5.3M |
| JPMorgan Chase & Co. | 0.00% | Add +3022.2% | 293,703 | $5.2M |
| Morgan Stanley | 0.00% | Add +141.7% | 289,705 | $5.1M |
| Nan Fung Trinity (hk) Ltd. | 0.38% | No change | 269,975 | $4.8M |
| D. E. Shaw & Co. | 0.00% | Add +595.9% | 238,609 | $4.2M |
| Marshall Wace, LLP | 0.00% | Add +277.5% | 231,802 | $4.1M |
| Hennion & Walsh Asset Management, Inc. | 0.12% | Add +28.1% | 204,982 | $3.6M |
| XY Capital Ltd | 3.63% | New | 202,304 | $3.6M |
| Superstring Capital Management LP | 1.86% | Reduce -1.9% | 196,853 | $3.5M |
| Ameriprise Financial Inc. | 0.00% | New | 181,133 | $3.2M |
| Dimensional Fund Advisors LP | 0.00% | Add +272.6% | 173,946 | $3.1M |
| Campbell & CO Investment Adviser LLC | 0.14% | New | 170,117 | $3.0M |
| NEXTBio Capital Management LP | 1.69% | — | 163,362 | $2.9M |
| Envestnet Asset Management Inc. | 0.00% | Reduce -40.0% | 151,318 | $2.7M |
| Goldman Sachs Group Inc. | 0.00% | Add +81.8% | 149,434 | $2.6M |
| State Street Corp. | 0.00% | Add +0.1% | 136,428 | $2.4M |
| Privium Fund Management B.V. | 0.43% | No change | 132,189 | $2.3M |
| Qube Research & Technologies Ltd | 0.00% | New | 107,651 | $1.9M |
| Mirae Asset Global Investments Co., Ltd. | 0.01% | Reduce -1.9% | 103,118 | $1.8M |
| Principal Financial Group Inc. | 0.00% | Reduce -2.4% | 101,782 | $1.8M |
| DCF Advisers, LLC | 0.57% | Add +6.0% | 97,500 | $1.7M |
| Northern Trust Corp. | 0.00% | Reduce -34.0% | 96,442 | $1.7M |
| Wells Fargo & Company | 0.00% | Reduce -46.8% | 93,140 | $1.6M |
| Raymond James Financial Inc. | 0.00% | Reduce -49.8% | 92,837 | $1.6M |
| Alps Advisors Inc. | 0.01% | Add +75.1% | 92,107 | $1.6M |
| Hudson Bay Capital Management LP | 0.01% | New | 90,000 | $1.6M |
| TD Asset Management Inc | 0.00% | Reduce -28.7% | 86,640 | $1.5M |
| HRT Financial LP | 0.00% | Add +213.0% | 83,793 | $1.5M |
| NEOS Investment Management LLC | 0.01% | Add +21.1% | 75,165 | $1.3M |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | 0.00% | New | 65,814 | $1.2M |
| Long Corridor Asset Management Ltd | 0.64% | No change | 65,800 | $1.2M |
| Susquehanna International Group, LLP | 0.00% | New | 56,895 | $1.0M |
| Manufacturers Life Insurance Company, The | 0.00% | Reduce -32.1% | 46,935 | $827K |
| Schonfeld Strategic Advisors LLC | 0.00% | New | 40,005 | $706K |
| Virtus Investment Advisers, LLC | 0.18% | Add +272.4% | 38,457 | $678K |
| WealthPlan Investment Management, LLC | 0.04% | No change | 36,761 | $648K |
| DekaBank Deutsche Girozentrale | 0.00% | No change | 36,648 | $647K |
| MML Investors Services, LLC | 0.00% | Reduce -24.3% | 34,421 | $607K |
| LPL Financial LLC | 0.00% | Reduce -63.4% | 31,114 | $549K |
| DRW Securities, LLC | 0.04% | New | 30,862 | $544K |
| Invesco Ltd. | 0.00% | Reduce -20.6% | 30,594 | $540K |
| Two Sigma Investments, LP | 0.00% | New | 29,523 | $521K |
| Geode Capital Management, LLC | 0.00% | Reduce -52.8% | 23,879 | $421K |
| Bank of Montreal | 0.00% | Reduce -31.0% | 22,099 | $390K |
| Orion Porfolio Solutions, LLC | 0.00% | Reduce -57.0% | 20,849 | $368K |
| Group One Trading LLC | 0.01% | New | 19,032 | $336K |
| US Bancorp \de | 0.00% | Reduce -28.2% | 17,771 | $313K |
| Marks Group Wealth Management, Inc | 0.03% | Reduce -1.5% | 16,278 | $287K |
| Legacy Wealth Asset Management, LLC | 0.07% | Reduce -28.2% | 15,903 | $281K |
| Headlands Technologies LLC | 0.02% | New | 15,846 | $280K |
| Erste Asset Management GmbH | 0.00% | No change | 15,100 | $269K |
| IvyRock Asset Management (HK) Ltd | 0.14% | Reduce -84.2% | 14,979 | $264K |
| Royal Bank of Canada | 0.00% | Reduce -30.9% | 14,757 | $260K |
| ExodusPoint Capital Management, LP | 0.00% | New | 13,618 | $240K |
| Persistent Asset Partners Ltd | 0.10% | New | 12,339 | $218K |
| Oppenheimer Asset Management Inc. | 0.00% | Reduce -51.2% | 10,608 | $187K |
| Virtu Financial LLC | 0.01% | New | 10,551 | $186K |
| SG Americas Securities, LLC | 0.00% | Add +6.6% | 10,396 | $183K |
| LMR Partners LLP | 0.00% | Reduce -92.2% | 10,320 | $182K |
| Quantinno Capital Management LP | 0.00% | Add +16.8% | 10,085 | $178K |
| China Universal Asset Management Co., Ltd. | 0.01% | Reduce -23.9% | 6,380 | $113K |
| Citigroup Inc. | 0.00% | Reduce -37.7% | 5,151 | $91K |
| Basecamp Wealth Advisors LLC | 0.01% | — | 3,227 | $57K |
| Storebrand Asset Management As | 0.00% | No change | 2,580 | $46K |
| Farther Finance Advisors, LLC | 0.00% | Add +130.7% | 1,329 | $23K |
| Cwm, LLC | 0.00% | Add +121.5% | 979 | $17K |
| BNP Paribas Financial Markets | 0.00% | Add +10.9% | 884 | $16K |
| Tower Research Capital LLC (TRC) | 0.00% | Add +432.4% | 804 | $14K |
| GF Fund Management Co. LTD. | 0.00% | Reduce -25.4% | 768 | $14K |
| Horizon Investments, LLC | 0.00% | Reduce -32.3% | 735 | $13K |
| Arax Advisory Partners | 0.00% | New | 409 | $7K |
| Smartleaf Asset Management LLC | 0.00% | Add +81.9% | 331 | $6K |
| Caitong International Asset Management Co., Ltd | 0.00% | New | 325 | $6K |
| Osaic Holdings, Inc. | 0.00% | Reduce -3.9% | 319 | $6K |
| Zurcher Kantonalbank (Zurich Cantonalbank) | 0.00% | Reduce -99.1% | 317 | $6K |
| PNC Financial Services Group, Inc. | 0.00% | Reduce -69.3% | 302 | $5K |
| Rhumbline Advisers | 0.00% | Reduce -3.4% | 281 | $5K |
| Assetmark, Inc. | 0.00% | Add +3228.6% | 233 | $4K |
| Quent Capital, LLC | 0.00% | No change | 230 | $4K |
| Parkside Financial Bank & Trust | 0.00% | New | 213 | $4K |
| Private Trust Co. NA | 0.00% | No change | 206 | $4K |
| EverSource Wealth Advisors, LLC | 0.00% | Add +15.3% | 203 | $4K |
"% of holder's portfolio" is ZLAB's weight in each manager's 13F, not the share of Zai Lab Ltd.-ADR the manager owns.