Norges Bank
ZTO icon

Norges Bank’s ZTO Express ZTO Stock Holding History

Norges Bank’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
Q3 		– Sell
-419,510
Closed -$7.45M – 1625
2025
Q2 		$7.45M Sell
419,510
-389,388
-48% -$7.05M ﹤0.01% 1296
2025
Q1 		$16M Buy
+808,898
New +$15.8M ﹤0.01% 1221
2022
Q1 		– Sell
-1,098,671
Closed -$31M – 2242
2021
Q4 		$31M Sell
1,098,671
-200,853
-15% -$6M 0.01% 1207
2021
Q3 		$39.8M Sell
1,299,524
-238,767
-16% -$6.85M 0.01% 1043
2021
Q2 		$46.7M Sell
1,538,291
-3,480,768
-69% -$107M 0.01% 1008
2021
Q1 		$146M Sell
5,019,059
-201,823
-4% -$6.59M 0.03% 495
2020
Q4 		$152M Sell
5,220,882
-581,660
-10% -$17.1M 0.04% 452
2020
Q3 		$174M Buy
5,802,542
+200,166
+4% +$6.83M 0.05% 358
2020
Q2 		$206M Buy
5,602,376
+586,981
+12% +$18.7M 0.06% 296
2020
Q1 		$133M Buy
5,015,395
+578,704
+13% +$14M 0.05% 345
2019
Q4 		$104M Hold
4,436,691
– – 0.03% 529
2019
Q3 		$94.6M Hold
4,436,691
– – 0.03% 540
2019
Q2 		$84.8M Hold
4,436,691
– – 0.03% 585
2019
Q1 		$81.1M Buy
4,436,691
+693,031
+19% +$12.7M 0.03% 578
2018
Q4 		$59.3M Buy
3,743,660
+264,026
+8% +$4.25M 0.02% 648
2018
Q3 		$57.7M Hold
3,479,634
– – 0.02% 762
2018
Q2 		$69.6M Buy
3,479,634
+1,310,873
+60% +$23.6M 0.02% 636
2018
Q1 		$32.5M Buy
2,168,761
+551,584
+34% +$8.65M 0.01% 1085
2017
Q4 		$25.6M Buy
1,617,177
+1,132,599
+234% +$17.8M 0.01% 1303
2017
Q3 		$6.8M Buy
+484,578
New +$6.99M ﹤0.01% 1810

Other funds holding ZTO

Temasek Holdings
Temasek Holdings Singapore $37.3B AUM 12.6% 1-Year Est. Return
Pzena Investment Management
Pzena Investment Management New York $34.1B AUM 23.81% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $1.15T AUM 47.82% 1-Year Est. Return
Morgan Stanley
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
Fisher Asset Management Camas, Washington $336B AUM 34.66% 1-Year Est. Return
UBS Group
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
Citigroup New York $303B AUM 53.02% 1-Year Est. Return
Dimensional Fund Advisors
Dimensional Fund Advisors Austin, Texas $552B AUM 44.19% 1-Year Est. Return

Norges Bank's ZTO Position: Q3 2025 in Review

Norges Bank sold out of ZTO Express (ZTO) in Q3 2025, closing a stake of 419,510 shares — an estimated $7.45M sold.

Norges Bank first reported a position in ZTO in Q3 2017 and held it in 20 quarters. The position peaked at $206M in Q2 2020. 171 funds tracked by Wall St. Rank hold ZTO as of Q3 2025.

  • Norges Bank reported no remaining ZTO Express position as of Q3 2025 after selling out during the quarter.
  • Norges Bank sold 419,510 ZTO Express shares in Q3 2025, an estimated $7.45M.
  • Norges Bank first reported a position in ZTO Express in Q3 2017 and held it in 20 quarters.
  • Norges Bank's ZTO Express position peaked at $206M in Q2 2020.
  • 171 funds tracked by Wall St. Rank held ZTO Express as of Q3 2025.

Based on Norges Bank's 13F filing for Q3 2025.