Fox Run Management’s ZTO Express ZTO Stock Holding History

Fox Run Management’s Portfolio ZTO Stock Details ZTO Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2025 Q4	–	Sell	-21,581	Closed	-$414K	–	1322
2025 Q3	$414K	Buy	+21,581	New	+$413K	0.06%	571
2025 Q1	–	Sell	-14,069	Closed	-$275K	–	1286
2024 Q4	$275K	Buy	14,069 +980	+7%	+$21.5K	0.05%	664
2024 Q3	$324K	Buy	+13,089	New	+$271K	0.07%	513
2023 Q4	–	Sell	-41,549	Closed	-$1M	–	1062
2023 Q3	$1M	Sell	41,549 -1,767	-4%	-$45K	0.3%	72
2023 Q2	$1.09M	Buy	+43,316	New	+$1.19M	0.31%	58
2022 Q2	–	Sell	-8,192	Closed	-$205K	–	778
2022 Q1	$205K	Buy	+8,192	New	+$231K	0.11%	409
2021 Q4	–	Sell	-9,459	Closed	-$290K	–	736
2021 Q3	$290K	Buy	+9,459	New	+$271K	0.18%	248
2020 Q4	–	Sell	-7,089	Closed	-$212K	–	299
2020 Q3	$212K	Buy	+7,089	New	+$242K	0.53%	109
2020 Q2	–	Sell	-10,609	Closed	-$281K	–	325
2020 Q1	$281K	Buy	+10,609	New	+$257K	0.67%	33
2019 Q3	–	Sell	-11,484	Closed	-$220K	–	594
2019 Q2	$220K	Buy	+11,484	New	+$216K	0.15%	338
2019 Q1	–	Sell	-18,564	Closed	-$294K	–	726
2018 Q4	$294K	Buy	+18,564	New	+$299K	0.16%	269

Other funds holding ZTO

Pzena Investment Management New York $34.1B AUM 23.81% 1-Year Est. Return

Temasek Holdings Singapore $37.3B AUM 12.6% 1-Year Est. Return

Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return

Morgan Stanley New York $1.89T AUM 35.08% 1-Year Est. Return

SCMS

Serenity Capital Management (Singapore) Singapore $332M AUM 8.08% 1-Year Est. Return

Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return

UBS Group Zurich, Switzerland $786B AUM 40.34% 1-Year Est. Return

PIM

Platinum Investment Management Sydney Australia 2000, Australia $407M AUM 87.11% 1-Year Est. Return

Citigroup New York $303B AUM 53.02% 1-Year Est. Return

TAM

Todd Asset Management Louisville, Kentucky $5.63B AUM 45.28% 1-Year Est. Return

Fox Run Management's ZTO Position: Q4 2025 in Review

Fox Run Management sold out of ZTO Express (ZTO) in Q4 2025, closing a stake of 21,581 shares — an estimated $414K sold.

Fox Run Management first reported a position in ZTO in Q4 2018 and held it in 11 quarters. The position peaked at $1.09M in Q2 2023. 163 funds tracked by Wall St. Rank hold ZTO as of Q4 2025.

Fox Run Management reported no remaining ZTO Express position as of Q4 2025 after selling out during the quarter.
Fox Run Management sold 21,581 ZTO Express shares in Q4 2025, an estimated $414K.
Fox Run Management first reported a position in ZTO Express in Q4 2018 and held it in 11 quarters.
Fox Run Management's ZTO Express position peaked at $1.09M in Q2 2023.
163 funds tracked by Wall St. Rank held ZTO Express as of Q4 2025.

Based on Fox Run Management's 13F filing for Q4 2025, filed 11 Feb 2026.