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Harding Loevner’s ZTO Express ZTO Stock Holding History

Harding Loevner’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
-892,018
Closed -$17.1M – 79
2025
Q3 		$17.1M Sell
892,018
-11,429,767
-93% -$219M 0.13% 59
2025
Q2 		$219M Sell
12,321,785
-885,787
-7% -$16M 1.47% 26
2025
Q1 		$262M Sell
13,207,572
-957,475
-7% -$18.7M 2.01% 16
2024
Q4 		$277M Sell
14,165,047
-1,251,360
-8% -$27.5M 1.87% 19
2024
Q3 		$382M Sell
15,416,407
-1,045,727
-6% -$21.7M 2.2% 14
2024
Q2 		$342M Buy
16,462,134
+4,929,071
+43% +$108M 1.89% 16
2024
Q1 		$242M Buy
11,533,063
+9,980,678
+643% +$191M 1.49% 26
2023
Q4 		$33M Sell
1,552,385
-224,211
-13% -$5.09M 0.19% 60
2023
Q3 		$42.9M Sell
1,776,596
-391,053
-18% -$9.95M 0.28% 59
2023
Q2 		$54.4M Sell
2,167,649
-884,265
-29% -$24.3M 0.32% 57
2023
Q1 		$87.5M Sell
3,051,914
-68,130
-2% -$1.86M 0.5% 55
2022
Q4 		$83.8M Sell
3,120,044
-519,296
-14% -$11.9M 0.48% 63
2022
Q3 		$87.5M Sell
3,639,340
-747,049
-17% -$19.5M 0.57% 59
2022
Q2 		$120M Sell
4,386,389
-463,434
-10% -$11.9M 0.74% 49
2022
Q1 		$115M Sell
4,849,823
-601,882
-11% -$17M 0.64% 58
2021
Q4 		$154M Buy
5,451,705
+4,333,194
+387% +$129M 0.59% 56
2021
Q3 		$34.3M Buy
1,118,511
+1,528
+0.1% +$43.8K 0.14% 70
2021
Q2 		$33.9M Sell
1,116,983
-179,615
-14% -$5.55M 0.13% 67
2021
Q1 		$37.8M Sell
1,296,598
-32,632
-2% -$1.07M 0.15% 70
2020
Q4 		$38.8M Buy
1,329,230
+11,678
+0.9% +$343K 0.16% 65
2020
Q3 		$39.4M Sell
1,317,552
-1,151,604
-47% -$39.3M 0.14% 93
2020
Q2 		$90.6M Sell
2,469,156
-931,848
-27% -$29.7M 0.43% 60
2020
Q1 		$90.1M Buy
3,401,004
+3,394,780
+54,543% +$82.3M 0.5% 58
2019
Q4 		$145K Buy
+6,224
New +$135K ﹤0.01% 87

Other funds holding ZTO

Pzena Investment Management
Pzena Investment Management New York $34.1B AUM 23.81% 1-Year Est. Return
Temasek Holdings
Temasek Holdings Singapore $37.3B AUM 12.6% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
SCMS
Serenity Capital Management (Singapore) Singapore $414M AUM 16.41% 1-Year Est. Return
Fisher Asset Management
Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
PIM
Platinum Investment Management Sydney Australia 2000, Australia $397M AUM 63.96% 1-Year Est. Return
Citigroup
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

Harding Loevner's ZTO Position: Q4 2025 in Review

Harding Loevner sold out of ZTO Express (ZTO) in Q4 2025, closing a stake of 892,018 shares — an estimated $17.1M sold.

Harding Loevner first reported a position in ZTO in Q4 2019 and held it in 24 quarters. The position peaked at $382M in Q3 2024. 162 funds tracked by Wall St. Rank hold ZTO as of Q4 2025.

  • Harding Loevner reported no remaining ZTO Express position as of Q4 2025 after selling out during the quarter.
  • Harding Loevner sold 892,018 ZTO Express shares in Q4 2025, an estimated $17.1M.
  • Harding Loevner first reported a position in ZTO Express in Q4 2019 and held it in 24 quarters.
  • Harding Loevner's ZTO Express position peaked at $382M in Q3 2024.
  • 162 funds tracked by Wall St. Rank held ZTO Express as of Q4 2025.

Based on Harding Loevner's 13F filing for Q4 2025, filed 17 Feb 2026.