Millennium Management’s Zhihu ZH Stock Holding History

Millennium Management’s Portfolio ZH Stock Details ZH Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2026 Q1	$321K	Buy	+113,200	New	+$382K	﹤0.01%	4980
2025 Q4	–	Sell	-43,857	Closed	-$222K	–	6538
2025 Q3	$222K	Sell	43,857 -256,833	-85%	-$1.21M	﹤0.01%	5494
2025 Q2	$1.2M	Sell	300,690 -165,864	-36%	-$644K	﹤0.01%	4274
2025 Q1	$1.99M	Buy	+466,554	New	+$2.03M	﹤0.01%	3789
2024 Q4	–	Sell	-47,669	Closed	-$184K	–	6544
2024 Q3	$184K	Buy	47,669 +22,482	+89%	+$72.5K	﹤0.01%	5468
2024 Q2	$68.8K	Buy	+25,187	New	+$92.6K	﹤0.01%	5368
2024 Q1	–	Sell	-4,080	Closed	-$22.9K	–	6734
2023 Q4	$22.9K	Buy	+4,080	New	+$24.3K	﹤0.01%	5612
2023 Q2	–	Sell	-148,002	Closed	-$1.13M	–	6773
2023 Q1	$1.13M	Buy	148,002 +25,634	+21%	+$237K	﹤0.01%	3975
2022 Q4	$954K	Buy	122,368 +28,304	+30%	+$198K	﹤0.01%	4213
2022 Q3	$598K	Buy	+94,064	New	+$759K	﹤0.01%	4804
2022 Q1	–	Sell	-82,700	Closed	-$2.75M	–	7582
2021 Q4	$2.75M	Sell	82,700 -117,033	-59%	-$5.58M	﹤0.01%	3479
2021 Q3	$11.1M	Buy	199,733 +103,543	+108%	+$6.22M	0.01%	1929
2021 Q2	$7.83M	Sell	96,190 -62,575	-39%	-$3.58M	﹤0.01%	2201
2021 Q1	$7.73M	Buy	+158,765	New	+$7.63M	0.01%	2075

Other funds holding ZH

Acadian Asset Management Boston, Massachusetts $70.5B AUM 36% 1-Year Est. Return

Fidelity International Hamilton, Bermuda $129B AUM 30.83% 1-Year Est. Return

EFM

E Fund Management Guangzhou, China $3.37B AUM

EFMH

E Fund Management (HK) Central, Hong Kong $302M AUM 64.42% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

FBIL

First Beijing Investment Ltd Hong Kong $2.32B AUM 8.06% 1-Year Est. Return

Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return

Dodge & Cox San Francisco, California $182B AUM 14.68% 1-Year Est. Return

Maven Securities St Helier, Jersey $5.2B AUM 44.01% 1-Year Est. Return

UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return

Millennium Management's ZH Position: Q1 2026 in Review

Millennium Management opened a new position in Zhihu (ZH) in Q1 2026: 113,200 shares worth $321K. The stake represents ﹤0.01% of the portfolio and ranks #4980 among its holdings. This is a return to the name: Millennium Management previously reported a position in ZH as recently as Q3 2025.

Millennium Management first reported a position in ZH in Q1 2021 and has held it in 14 quarters since. The position peaked at $11.1M in Q3 2021. 48 funds tracked by Wall St. Rank hold ZH as of Q1 2026.

Millennium Management held 113,200 shares of Zhihu worth $321K as of Q1 2026.
Zhihu was a new Millennium Management position in Q1 2026.
Zhihu made up ﹤0.01% of Millennium Management's portfolio in Q1 2026, its #4980 holding.
Millennium Management first reported a position in Zhihu in Q1 2021 and has held it in 14 quarters since.
Millennium Management's Zhihu position peaked at $11.1M in Q3 2021.
48 funds tracked by Wall St. Rank held Zhihu as of Q1 2026.

Based on Millennium Management's 13F filing for Q1 2026, filed 15 May 2026.