Bayesian Capital Management’s ZTO Express ZTO Stock Holding History

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q1	–	Sell	-25,700	Closed	-$502K	–	1020
2024 Q4	$502K	Sell	25,700 -10,700	-29%	-$235K	0.06%	368
2024 Q3	$902K	Buy	36,400 +12,700	+54%	+$263K	0.11%	261
2024 Q2	$492K	Sell	23,700 -81,591	-77%	-$1.78M	0.06%	375
2024 Q1	$2.2M	Buy	105,291 +57,800	+122%	+$1.11M	0.21%	136
2023 Q4	$1.01M	Buy	+47,491	New	+$1.08M	0.11%	231
2023 Q3	–	Sell	-28,575	Closed	-$717K	–	1061
2023 Q2	$717K	Buy	28,575 +5,400	+23%	+$149K	0.08%	331
2023 Q1	$664K	Sell	23,175 -10,600	-31%	-$289K	0.08%	319
2022 Q4	$908K	Sell	33,775 -14,100	-29%	-$324K	0.13%	207
2022 Q3	$1.15M	Buy	47,875 +15,400	+47%	+$401K	0.23%	117
2022 Q2	$891K	Buy	+32,475	New	+$832K	0.17%	184
2022 Q1	–	Sell	-43,600	Closed	-$1.23M	–	952
2021 Q4	$1.23M	Buy	+43,600	New	+$1.3M	0.39%	67
2021 Q2	–	Sell	-56,402	Closed	-$1.64M	–	688
2021 Q1	$1.64M	Buy	+56,402	New	+$1.84M	0.38%	59
2019 Q2	–	Sell	-14,400	Closed	-$263K	–	698
2019 Q1	$263K	Sell	14,400 -4,900	-25%	-$89.8K	0.05%	415
2018 Q4	$306K	Sell	19,300 -23,000	-54%	-$370K	0.06%	409
2018 Q3	$701K	Buy	+42,300	New	+$815K	0.11%	250