Zhihu
40 hedge funds and large institutions have $96.2M invested in Zhihu in 2023 Q4 according to their latest regulatory filings, with 8 funds opening new positions, 15 increasing their positions, 12 reducing their positions, and 12 closing their positions.
114% more call options, than puts
Call options by funds: $45K | Put options by funds: $21K
25% more repeat investments, than reductions
Existing positions increased: 15 | Existing positions reduced: 12
3% more capital invested
Capital invested by funds: $93.7M → $96.2M (+$2.52M)
0.9% more ownership
Funds ownership: 5.02% → 5.91% (+0.9%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
11% less funds holding
Funds holding: 45 → 40 (-5)
33% less first-time investments, than exits
New positions opened: 8 | Existing positions closed: 12
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$12.3M |
| 2 |
MICM
Matthews International Capital Management
San Francisco,
California
|
+$5M |
| 3 |
Goldman Sachs
New York
|
+$1.55M |
| 4 |
UBS Group
Zurich,
Switzerland
|
+$520K |
| 5 |
State Street
Boston,
Massachusetts
|
+$358K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yiheng Capital Management
San Francisco,
California
|
-$3.76M |
| 2 |
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Toronto,
Ontario, Canada
|
-$1.11M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
-$861K |
| 4 |
Jane Street
New York
|
-$605K |
| 5 |
Two Sigma Investments
New York
|
-$332K |
ZH Hedge Fund Activity: Q4 2023 in Review
40 of the 6,860 institutional investors tracked by Wall St. Rank reported a position in Zhihu (ZH) for Q4 2023, worth a combined $96.2M — up 2.7% from $93.7M a quarter earlier.
Sellers outnumbered buyers: 12 funds closed out of ZH and 8 opened new positions — a net loss of 4 holders — while 12 trimmed existing stakes and 15 added.
The largest buyer was Morgan Stanley, adding an estimated $12.3M. The largest seller was Yiheng Capital Management, exiting entirely with an estimated $3.76M sold.
- 40 institutional investors held Zhihu (ZH) as of Q4 2023, down from 45 in Q3 2023.
- Funds reported $96.2M of Zhihu stock for Q4 2023, up 2.7% quarter-over-quarter.
- 8 funds opened new Zhihu positions in Q4 2023 and 12 closed out, a net change of -4 holders.
- The largest Zhihu buyer in Q4 2023 was Morgan Stanley, an estimated $12.3M added.
- The largest Zhihu seller in Q4 2023 was Yiheng Capital Management, an estimated $3.76M sold.
Based on aggregated 13F filings for Q4 2023.