Ray Dalio
ZTO icon

Ray Dalio’s ZTO Express ZTO Stock Holding History

Ray Dalio’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
Q1 		– Sell
-16,201
Closed -$317K – 810
2024
Q4 		$317K Sell
16,201
-149,074
-90% -$3.27M ﹤0.01% 621
2024
Q3 		$4.09M Sell
165,275
-248,589
-60% -$5.15M 0.02% 402
2024
Q2 		$8.59M Sell
413,864
-109,829
-21% -$2.4M 0.04% 273
2024
Q1 		$11M Sell
523,693
-301,940
-37% -$5.78M 0.06% 241
2023
Q4 		$17.6M Sell
825,633
-102,507
-11% -$2.33M 0.1% 161
2023
Q3 		$22.4M Sell
928,140
-38,500
-4% -$979K 0.14% 121
2023
Q2 		$24.2M Buy
966,640
+194,882
+25% +$5.36M 0.15% 113
2023
Q1 		$22.1M Sell
771,758
-599,640
-44% -$16.4M 0.14% 126
2022
Q4 		$36.8M Sell
1,371,398
-535,737
-28% -$12.3M 0.2% 100
2022
Q3 		$45.8M Buy
1,907,135
+95,235
+5% +$2.48M 0.23% 88
2022
Q2 		$49.7M Sell
1,811,900
-78,449
-4% -$2.01M 0.21% 99
2022
Q1 		$47.3M Buy
1,890,349
+646,490
+52% +$18.3M 0.19% 94
2021
Q4 		$35.1M Buy
1,243,859
+236,176
+23% +$7.05M 0.2% 88
2021
Q3 		$30.9M Buy
1,007,683
+404,911
+67% +$11.6M 0.17% 108
2021
Q2 		$18.3M Sell
602,772
-27,433
-4% -$847K 0.12% 137
2021
Q1 		$18.4M Sell
630,205
-263,016
-29% -$8.59M 0.16% 111
2020
Q4 		$26M Sell
893,221
-35,037
-4% -$1.03M 0.23% 68
2020
Q3 		$27.8M Buy
928,258
+322,904
+53% +$11M 0.33% 39
2020
Q2 		$22.2M Buy
605,354
+544,489
+895% +$17.4M 0.37% 22
2020
Q1 		$1.61M Buy
60,865
+27,470
+82% +$666K 0.03% 148
2019
Q4 		$780K Buy
33,395
+11,325
+51% +$245K 0.01% 356
2019
Q3 		$471K Buy
+22,070
New +$444K ﹤0.01% 276

Other funds holding ZTO

HL
Harding Loevner Bridgewater, New Jersey $9.72B AUM 22.38% 1-Year Est. Return
Temasek Holdings
Temasek Holdings Singapore $37.3B AUM 12.6% 1-Year Est. Return
PIM
Platinum Investment Management Sydney Australia 2000, Australia $397M AUM 63.96% 1-Year Est. Return
Pzena Investment Management
Pzena Investment Management New York $34.1B AUM 23.81% 1-Year Est. Return
Morgan Stanley
Morgan Stanley New York $1.66T AUM 25.57% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
UBS Group
UBS Group Zurich, Switzerland $666B AUM 30.12% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
GAMH
Greenwoods Asset Management (HK) Hong Kong $2.19B AUM 50.16% 1-Year Est. Return
SC
Serenity Capital Palo Alto, California $167M AUM

Ray Dalio's ZTO Position: Q1 2025 in Review

Ray Dalio sold out of ZTO Express (ZTO) in Q1 2025, closing a stake of 16,201 shares — an estimated $317K sold.

Ray Dalio first reported a position in ZTO in Q3 2019 and held it in 22 quarters. The position peaked at $49.7M in Q2 2022. 206 funds tracked by Wall St. Rank hold ZTO as of Q1 2025.

  • Ray Dalio reported no remaining ZTO Express position as of Q1 2025 after selling out during the quarter.
  • Ray Dalio sold 16,201 ZTO Express shares in Q1 2025, an estimated $317K.
  • Ray Dalio first reported a position in ZTO Express in Q3 2019 and held it in 22 quarters.
  • Ray Dalio's ZTO Express position peaked at $49.7M in Q2 2022.
  • 206 funds tracked by Wall St. Rank held ZTO Express as of Q1 2025.

Based on Bridgewater Associates's 13F filing for Q1 2025, filed 14 May 2025.