Zhihu Inc. (ZH) Institutional Ownership

Institutions by Trading Activity

Ownership Statistics

239,496,037Shares Outstanding

15,021,085Shares held by institutions

$45,513,888Value of institutional holdings

6.27%Institutional ownership %

-12.36%Shares Changed QoQ

51No. of institutional investors

Shares Owned by Institutions

Shares Purchased/Sold by Institutions

Ownership Summary

Zhihu Inc. (NYSE:ZH) has 51 institutional investors with active 13F positions as of 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.
Altogether, these fund groups held 14.85Mn shares in ZH by December 2025, down by 2.29Mn shares quarter on quarter, and down 3.93Mn shares year over year.
ACADIAN ASSET MANAGEMENT LLC is the top holder of Zhihu as of December 31, 2025, with 3.21Mn shares representing 1.34% of outstanding stock.
Top purchasers of ZH stock for the quarter ending December 2025 included 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).
The largest sellers of Zhihu for the quarter ending December 2025 were Morgan Stanley (741.88K), ARROWSTREET CAPITAL, LIMITED PARTNERSHIP (591.39K), MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC (527.38K), Goldman Sachs Group Inc (339.43K), MARSHALL WACE, LLP (251.67K).
Business Quant data shows the 10 biggest positions in Zhihu as of December 2025 are held by ACADIAN ASSET MANAGEMENT LLC (3.21Mn), MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC (2.37Mn), FIL Ltd (1.95Mn), VANGUARD GROUP INC (1.8Mn), 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 (415.4K).

51 Institutional Holders

15,021,085 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
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

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