Zhihu Inc. (ZH) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

12,245,150Shares Outstanding

519,655Shares held by institutions

$1,792,810Value of institutional holdings

120.84%Institutional ownership %

-13.08%Shares Changed QoQ

48No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

A total of 48 institutions have reported a stake in Zhihu Inc. (NYSE:ZH) as of December 2025, according to recent 13F filings with the SEC.

Zhihu saw its institutional ownership percentage fell to 120.8% in December 2025 from 145.8% in September 2025.
Institutional share ownership changed by -13.08% QoQ, while the number of institutional owners saw a decrease of 5.88% YoY.
The latest 13F cycle for Zhihu reveals that of 48 total investors, 17 funds grew their exposure, whereas 24 reduced theirs and 7 made no changes.
Collectively, institutional investors decreased their stake in Zhihu to 14.80Mn shares as of December 2025, a change that is down by 2.23Mn shares quarter on quarter and down 2.60Mn shares year over year.
As of December 31, 2025, ACADIAN ASSET MANAGEMENT LLC held Zhihu's largest shareholding position with over 3.21Mn shares, representing 26.24% of total outstanding shares.
Among the most significant buyers of Zhihu during December 2025 were E Fund Management (Hong Kong) Co., Ltd. (285.27K), STATE STREET CORP (262.64K), NORGES BANK (244.63K), Maven Securities LTD (175.03K), XTX Topco Ltd (87.36K).
Leading sellers of Zhihu stock in December 2025 included MORGAN STANLEY (741.88K), ARROWSTREET CAPITAL, LIMITED PARTNERSHIP (591.39K), MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC (527.38K), GOLDMAN SACHS GROUP INC (490.24K), MARSHALL WACE, LLP (251.67K).
The top 10 institutional holders of Zhihu for the quarter ending December 2025 included ACADIAN ASSET MANAGEMENT LLC (3.21Mn), MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC (2.37Mn), FIL Ltd (1.95Mn), VANGUARD GROUP INC (1.80Mn), STATE STREET CORP (887.26K), E Fund Management (Hong Kong) Co., Ltd. (518.65K), ARROWSTREET CAPITAL, LIMITED PARTNERSHIP (499.28K), Maven Securities LTD (466.01K), UBS Group AG (436.33K), MORGAN STANLEY (415.40K).

48 Institutional Holders

519,655 Total Shares Held

Rows:

Download Data

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
MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC	31 Dec, 2025	2,371,187	-527,378	-18.19%	$7,777,493.00
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
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
GOLDMAN SACHS GROUP INC	31 Dec, 2025	150,806	-490,237	-76.47%	$494,644.00
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	55,805	80.20%	$411,269.00
JANE STREET GROUP, LLC	31 Dec, 2025	109,469	-146,188	-57.18%	$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

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