Zhihu Inc. (ZH) Institutional Ownership

Institutions by Trading Activity

239,496,037Shares Outstanding

12,649,898Shares held by institutions

$40,985,670Value of institutional holdings

5.28%Institutional ownership %

-11.17%Shares Changed QoQ

50No. of institutional investors

Zhihu Inc. (NYSE:ZH) has 51 institutional investors that have filed 13F reports for the period ending December 2025.

These investors collectively held 6.2% of Zhihu's outstanding shares in December 2025, down from 7.4% in September 2025.
They decreased total shares held in Zhihu by -13.36% from last quarter, and the number of investors in ZH stayed flat annually.
Of these 51 holders, 16 added to their stakes in Zhihu, 27 trimmed positions, and 8 made no changes.
Institutional investors collectively held 14.85Mn shares in Zhihu as of December 2025, down by 2.29Mn shares quarter on quarter, and down 3.93Mn shares year over year.
As of December 31, 2025, the biggest holder of Zhihu is E Fund Management (Hong Kong) Co., Ltd. at 664.67K shares, representing 0.28% of shares outstanding.
Top purchasers of ZH stock for the quarter ending December 2025 included E Fund Management Co., Ltd. (664.67K), E Fund Management (Hong Kong) Co., Ltd. (146.02K).
Per Business Quant, the top 3 investors in ZH for the quarter ending December 2025 include E Fund Management (Hong Kong) Co., Ltd. (664.67K), E Fund Management Co., Ltd. (664.67K), Diversified Trust Co (44.18K).

12,649,898 Total Shares Held

Rows:

Owner Name	Date	Shares Held	Change (QoQ)	Change (%)	Value (USD)
ACADIAN ASSET MANAGEMENT LLC	31 Dec, 2025	3,212,733	-189,299	-5.56%	$10,509.00
FIL Ltd	31 Dec, 2025	1,952,393	19,045	0.99%	$6,359,097.00
VANGUARD GROUP INC	31 Dec, 2025	1,803,704	-73,746	-3.93%	$5,916,150.00
State Street Corp	31 Dec, 2025	887,258	262,641	42.05%	$2,910,206.00
E Fund Management (Hong Kong) Co., Ltd.	31 Dec, 2025	518,652	285,273	122.24%	$1,846,401.00
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP	31 Dec, 2025	499,281	-591,392	-54.22%	$1,637,642.00
Maven Securities LTD	31 Dec, 2025	466,008	175,031	60.15%	$1,528,506.00
UBS Group AG	31 Dec, 2025	436,334	-99,896	-18.63%	$1,431,175.00
Morgan Stanley	31 Dec, 2025	415,396	-741,877	-64.11%	$1,362,499.00
DODGE & COX	31 Dec, 2025	319,164	42,267	15.26%	$1,046,858.00
Goldman Sachs Group Inc	31 Dec, 2025	301,612	-339,431	-52.95%	$989,288.00
NORGES BANK	31 Dec, 2025	244,633	244,633	0.00%	$802,396.00
Oasis Management Co Ltd.	31 Dec, 2025	225,000	0	0.00%	$738,000.00
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS	31 Dec, 2025	140,523	0	0.00%	$460,915.00
Jpmorgan Chase & Co	31 Dec, 2025	125,387	-13,777	-9.90%	$411,269.00
JANE STREET GROUP, LLC	31 Dec, 2025	109,469	-100,788	-47.94%	$359,059.00
BNP PARIBAS FINANCIAL MARKETS	31 Dec, 2025	98,356	23,963	32.21%	$322,608.00
XTX Topco Ltd	31 Dec, 2025	87,356	87,356	0.00%	$286,528.00
AMERICAN CENTURY COMPANIES INC	31 Dec, 2025	82,517	71	0.09%	$270,656.00
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	31 Dec, 2025	72,139	-81	-0.11%	$236,616.00

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