Warburg Pincus’s ZTO Express ZTO Stock Holding History

Warburg Pincus’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
2021 Q4	–	Sell	-7,116,825	Closed	-$218M	–	12
2021 Q3	$218M	Sell	7,116,825 -7,116,824	-50%	-$204M	5.45%	3
2021 Q2	$432M	Hold	14,233,649	–	–	9.2%	3
2021 Q1	$415M	Hold	14,233,649	–	–	8.81%	3
2020 Q4	$415M	Hold	14,233,649	–	–	7.11%	4
2020 Q3	$426M	Hold	14,233,649	–	–	28.45%	2
2020 Q2	$523M	Sell	14,233,649 -5,693,460	-29%	-$182M	47.92%	1
2020 Q1	$528M	Hold	19,927,109	–	–	19.71%	2
2019 Q4	$465M	Hold	19,927,109	–	–	12.42%	2
2019 Q3	$425M	Hold	19,927,109	–	–	8.91%	2
2019 Q2	$381M	Hold	19,927,109	–	–	5.98%	4
2019 Q1	$364M	Sell	19,927,109 -8,540,189	-30%	-$156M	12.72%	4
2018 Q4	$451M	Hold	28,467,298	–	–	13.4%	2
2018 Q3	$472M	Hold	28,467,298	–	–	8.6%	5
2018 Q2	$569M	Sell	28,467,298 -11,386,920	-29%	-$205M	9.36%	6
2018 Q1	$597M	Hold	39,854,218	–	–	13.59%	4
2017 Q4	$632M	Hold	39,854,218	–	–	12.8%	4
2017 Q3	$560M	Hold	39,854,218	–	–	9.14%	6
2017 Q2	$556M	Hold	39,854,218	–	–	8.73%	6
2017 Q1	$522M	Hold	39,854,218	–	–	9.82%	4
2016 Q4	$481M	Buy	+39,854,218	New	+$574M	8.41%	5

Other funds holding ZTO

Invesco Atlanta, Georgia $1.26T AUM 61.52% 1-Year Est. Return

BlackRock New York $6.73T AUM 46.02% 1-Year Est. Return

PIM

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

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

Capital Research Global Investors Los Angeles, California $717B AUM 35.42% 1-Year Est. Return

State Street Boston, Massachusetts $3.37T AUM 44.26% 1-Year Est. Return

Serenity Capital Palo Alto, California $167M AUM

GAMH

Greenwoods Asset Management (HK) Hong Kong $2.19B AUM 50.16% 1-Year Est. Return

AMH

Aspex Management (HK) Central, Hong Kong $8.89B AUM 39.91% 1-Year Est. Return

Harding Loevner Bridgewater, New Jersey $10.6B AUM 19.39% 1-Year Est. Return

Warburg Pincus's ZTO Position: Q4 2021 in Review

Warburg Pincus sold out of ZTO Express (ZTO) in Q4 2021, closing a stake of 7,116,825 shares — an estimated $218M sold.

Warburg Pincus first reported a position in ZTO in Q4 2016 and held it in 20 quarters. The position peaked at $632M in Q4 2017. 249 funds tracked by Wall St. Rank hold ZTO as of Q4 2021.

Warburg Pincus reported no remaining ZTO Express position as of Q4 2021 after selling out during the quarter.
Warburg Pincus sold 7,116,825 ZTO Express shares in Q4 2021, an estimated $218M.
Warburg Pincus first reported a position in ZTO Express in Q4 2016 and held it in 20 quarters.
Warburg Pincus's ZTO Express position peaked at $632M in Q4 2017.
249 funds tracked by Wall St. Rank held ZTO Express as of Q4 2021.

Based on Warburg Pincus's 13F filing for Q4 2021, filed 14 Feb 2022.