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233 hedge funds and large institutions have $5.24B invested in Kanzhun in 2025 Q2 according to their latest regulatory filings, with 27 funds opening new positions, 107 increasing their positions, 74 reducing their positions, and 38 closing their positions.

New
Increased
Maintained
Reduced
Closed

119% more call options, than puts

Call options by funds: $11.1M | Put options by funds: $5.09M

45% more repeat investments, than reductions

Existing positions increased: 107 | Existing positions reduced: 74

36.2% more ownership

Funds ownership: 39.27%75.48% (+36%)

6% less funds holding

Funds holding: 248233 (-15)

11% less funds holding in top 10

Funds holding in top 10: 1816 (-2)

14% less capital invested

Capital invested by funds: $6.11B → $5.24B (-$865M)

29% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 38

Holders
233
Holders Change
-15
Holders Change %
-6.05%
% of All Funds
3.07%
Holding in Top 10
16
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-11.11%
% of All Funds
0.21%
New
27
Increased
107
Reduced
74
Closed
38
Calls
$11.1M
Puts
$5.09M
Net Calls
+$6.05M
Net Calls Change
-$10.1M
Name Holding Trade Value Shares
Change
Change in
Stake
Russell Investments Group
51
Russell Investments Group
United Kingdom
$18.9M -$1.2M -71,523 -6%
AQR Capital Management
52
AQR Capital Management
Connecticut
$18.7M +$17.6M +1,048,137 +9,991%
BNP Paribas Financial Markets
53
BNP Paribas Financial Markets
France
$17.8M +$4.43M +263,977 +36%
Fidelity Investments
54
Fidelity Investments
Massachusetts
$17.2M -$1.52M -90,540 -9%
MICM
55
Matthews International Capital Management
California
$17M -$2.07M -123,052 -11%
BAM
56
Brilliance Asset Management
Hong Kong
$16.7M -$14.9M -889,049 -49%
Lazard Asset Management
57
Lazard Asset Management
New York
$15.1M +$5.94M +353,800 +71%
BCCM
58
Blue Creek Capital Management
Hong Kong
$15M
NFT
59
Nan Fung Trinity
Hong Kong
$14.5M -$4.06M -241,900 -23%
UBS AM
60
UBS AM
Illinois
$14.3M -$147M -8,750,516 -92%
DACS
61
Dymon Asia Capital (Singapore)
Singapore
$14.3M
Mackenzie Financial
62
Mackenzie Financial
Ontario, Canada
$13.8M +$11.6M +691,033 +824%
Manulife (Manufacturers Life Insurance)
63
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$13.6M -$29M -1,727,526 -69%
Voloridge Investment Management
64
Voloridge Investment Management
Florida
$13.3M -$7.44M -443,086 -37%
Deutsche Bank
65
Deutsche Bank
Germany
$12.2M +$881K +52,491 +8%
N
66
Nuveen
North Carolina
$11.8M +$5.13M +305,305 +86%
Swiss National Bank
67
Swiss National Bank
Switzerland
$11.8M +$1.05M +62,300 +10%
Sumitomo Mitsui Trust Group
68
Sumitomo Mitsui Trust Group
Japan
$11.4M +$653K +38,909 +7%
California Public Employees Retirement System
69
California Public Employees Retirement System
California
$11.3M +$2.37M +140,977 +29%
HA
70
HHLR Advisors
Cayman Islands
$10.3M
Balyasny Asset Management
71
Balyasny Asset Management
Illinois
$10.3M +$9.65M +574,898 New
New York State Common Retirement Fund
72
New York State Common Retirement Fund
New York
$9.92M +$6.25M +372,041 +202%
Bank of New York Mellon
73
Bank of New York Mellon
New York
$9.79M -$7.79M -463,949 -46%
Marshall Wace
74
Marshall Wace
United Kingdom
$9.72M +$7.2M +429,055 +370%
JAM
75
Jupiter Asset Management
United Kingdom
$9.03M +$8.5M +506,300 New

BZ Hedge Fund Activity: Q2 2025 in Review

233 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Kanzhun (BZ) for Q2 2025, worth a combined $5.24B — down 14% from $6.11B a quarter earlier.

Sellers outnumbered buyers: 38 funds closed out of BZ and 27 opened new positions — a net loss of 11 holders — while 74 trimmed existing stakes and 107 added.

The largest buyer was Capital World Investors, adding an estimated $191M. The largest seller was UBS AM, cutting an estimated $147M.

  • 233 institutional investors held Kanzhun (BZ) as of Q2 2025, down from 248 in Q1 2025.
  • Funds reported $5.24B of Kanzhun stock for Q2 2025, down 14% quarter-over-quarter.
  • 27 funds opened new Kanzhun positions in Q2 2025 and 38 closed out, a net change of -11 holders.
  • The largest Kanzhun buyer in Q2 2025 was Capital World Investors, an estimated $191M added.
  • The largest Kanzhun seller in Q2 2025 was UBS AM, an estimated $147M sold.

Based on aggregated 13F filings for Q2 2025.