ZH

Zhihu

51 hedge funds and large institutions have $48.7M invested in Zhihu in 2025 Q4 according to their latest regulatory filings, with 7 funds opening new positions, 10 increasing their positions, 26 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed

more call options, than puts

Call options by funds: $ | Put options by funds: $

less ownership

Funds ownership:

less funds holding

Funds holding:

less first-time investments, than exits

New positions opened: | Existing positions closed:

46% less capital invested

Capital invested by funds: $90.5M → $48.7M (-$41.8M)

62% less repeat investments, than reductions

Existing positions increased: 10 | Existing positions reduced: 26

Holders
51
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$286K
Puts
$80K
Net Calls
Net Calls Change

Top Buyers

1 +$1.14M
2 +$1.05M
3 +$701K
4
XT
XTX Topco
Cayman Islands
+$350K
5
JP Morgan Chase
JP Morgan Chase
New York
+$223K

Top Sellers

1 -$2.97M
2 -$2.37M
3 -$2.11M
4
Goldman Sachs
Goldman Sachs
New York
-$1.96M
5
Marshall Wace
Marshall Wace
United Kingdom
-$1.01M