ZH

Zhihu
ZH

Overview Fund Activity

61 hedge funds and large institutions have $71.9M invested in Zhihu in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 14 increasing their positions, 22 reducing their positions, and 8 closing their positions.

Holders
61
Holders Change
+4
Holders Change %
+7.02%
% of All Funds
0.82%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
14
Reduced
22
Closed
8
Calls
$38K
Puts
$1.27M
Net Calls
-$1.23M
Net Calls Change
+$175K

Top Buyers

1
Norges Bank
1
Norges Bank
Norway
$6.04M
2
Acadian Asset Management
2
Acadian Asset Management
Massachusetts
$13.6M
3
JPMorgan Chase & Co
3
JPMorgan Chase & Co
New York
$527K
4
EFMH
4
E Fund Management (HK)
Hong Kong
$778K
5
EFM
5
E Fund Management
China
$778K

Top Sellers

1
Fidelity International
1
Fidelity International
Bermuda
$1.94M
2
Vanguard Group
2
Vanguard Group
Pennsylvania
$7.3M
3
Citadel Advisors
3
Citadel Advisors
Florida
$427K
4
MAMHA
4
MY.Alpha Management HK Advisors
Hong Kong
$5.43M
5
Group One Trading
5
Group One Trading
Illinois
$319K
Name Market Value Shares Shares
Change 		Shares
Change %
MICM
1
Matthews International Capital Management
California
$14.2M 3,574,638 -78,119 -2%
Acadian Asset Management
2
Acadian Asset Management
Massachusetts
$13.6M 3,415,950 +474,894 +16%
Vanguard Group
3
Vanguard Group
Pennsylvania
$7.3M 1,833,224 -979,784 -35%
Norges Bank
4
Norges Bank
Norway
$6.04M 1,518,027 +1,518,027 New
MAMHA
5
MY.Alpha Management HK Advisors
Hong Kong
$5.43M 1,363,455 -330,089 -19%
Arrowstreet Capital
6
Arrowstreet Capital
Massachusetts
$4.34M 1,090,673 -14,676 -1%
Morgan Stanley
7
Morgan Stanley
New York
$2.65M 665,894 +13,053 +2%
Fidelity International
8
Fidelity International
Bermuda
$1.94M 490,868 -1,034,307 -68%
State Street
9
State Street
Massachusetts
$1.6M 402,096 -104,696 -21%
Millennium Management
10
Millennium Management
New York
$1.2M 300,690 -165,864 -36%
Jane Street
11
Jane Street
New York
$996K 250,337 +46,086 +23%
Marshall Wace
12
Marshall Wace
United Kingdom
$817K 205,388 -93,676 -31%
EFM
13
E Fund Management
China
$778K 195,463 +82,364 +73%
EFMH
14
E Fund Management (HK)
Hong Kong
$778K 195,463 +82,364 +73%
Ohio Public Employees Retirement System (OPERS)
15
Ohio Public Employees Retirement System (OPERS)
Ohio
$756K 190,049 – –
Goldman Sachs
16
Goldman Sachs
New York
$737K 185,245 -20,228 -10%
COPPSERS
17
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$559K 140,523 – –
JPMorgan Chase & Co
18
JPMorgan Chase & Co
New York
$527K 132,385 +132,385 New
Bank of America
19
Bank of America
North Carolina
$522K 131,112 -14,457 -10%
Walleye Capital
20
Walleye Capital
New York
$512K 128,549 +2,123 +2%
Nomura Holdings
21
Nomura Holdings
Japan
$448K 112,464 – –
Citadel Advisors
22
Citadel Advisors
Florida
$427K 107,381 -342,232 -76%
CSS
23
Cubist Systematic Strategies
Connecticut
$398K 99,942 -90,844 -48%
Renaissance Technologies
24
Renaissance Technologies
New York
$343K 86,288 -1,323 -2%
National Bank of Canada
25
National Bank of Canada
Quebec, Canada
$336K 84,401 -116,500 -58%
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