ZH

Zhihu
ZH

Overview Fund Activity

62 hedge funds and large institutions have $72.8M invested in Zhihu in 2025 Q2 according to their latest regulatory filings, with 13 funds opening new positions, 15 increasing their positions, 22 reducing their positions, and 8 closing their positions.

New
Increased
Maintained
Reduced
Closed
Holders
62
Holders Change
+5
Holders Change %
+8.77%
% of All Funds
0.83%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
13
Increased
15
Reduced
22
Closed
8
Calls
$255K
Puts
$2.25M
Net Calls
-$2M
Net Calls Change
-$597K

Top Buyers

1
Acadian Asset Management
Acadian Asset Management
Massachusetts
+$1.89M
2
JPMorgan Chase & Co
JPMorgan Chase & Co
New York
+$527K
3
EFMH
E Fund Management (HK)
Hong Kong
+$328K
4
EFM
E Fund Management
China
+$328K
5
Mackenzie Financial
Mackenzie Financial
Ontario, Canada
+$275K

Top Sellers

1
Fidelity International
Fidelity International
Bermuda
-$4.1M
2
Vanguard Group
Vanguard Group
Pennsylvania
-$3.9M
3
Citadel Advisors
Citadel Advisors
Florida
-$1.36M
4
MAMHA
MY.Alpha Management HK Advisors
Hong Kong
-$1.31M
5
Group One Trading
Group One Trading
Illinois
-$1.31M
Name Holding Trade Value Shares
Change 		Shares
Change %
National Bank of Canada
26
National Bank of Canada
Quebec, Canada
$336K -$464K -116,500 -58%
DACS
27
Dymon Asia Capital (Singapore)
Singapore
$329K – – –
Group One Trading
28
Group One Trading
Illinois
$319K -$1.31M -329,005 -80%
California Public Employees Retirement System
29
California Public Employees Retirement System
California
$310K -$28.1K -7,049 -8%
BNP Paribas Financial Markets
30
BNP Paribas Financial Markets
France
$308K -$3.73K -938 -1%
Mackenzie Financial
31
Mackenzie Financial
Ontario, Canada
$275K +$275K +69,095 New
HSBC Holdings
32
HSBC Holdings
United Kingdom
$259K +$142K +35,681 +121%
American Century Companies
33
American Century Companies
Missouri
$249K +$249K +62,501 New
BlackRock
34
BlackRock
New York
$244K +$171K +43,035 +237%
GCP
35
GSA Capital Partners
United Kingdom
$234K +$234K +58,862 New
SEI Investments
36
SEI Investments
Pennsylvania
$229K – – –
New York State Common Retirement Fund
37
New York State Common Retirement Fund
New York
$208K – – –
DT
38
Diversified Trust
Tennessee
$182K +$182K +45,739 New
EWM
39
Empirical Wealth Management
Washington
$172K +$121K +30,409 +238%
YIH
40
Y-Intercept (HK)
Hong Kong
$169K +$169K +42,431 New
XT
41
XTX Topco
Cayman Islands
$153K +$153K +38,435 New
Simplex Trading
42
Simplex Trading
Illinois
$141K -$236K -59,512 -63%
Invesco
43
Invesco
Georgia
$135K -$4.39K -1,103 -3%
UBS Group
44
UBS Group
Switzerland
$125K -$633K -158,927 -84%
Citigroup
45
Citigroup
New York
$124K +$39.4K +9,888 +47%
Russell Investments Group
46
Russell Investments Group
United Kingdom
$113K +$40K +10,186 +55%
Ameriprise
47
Ameriprise
Minnesota
$99.5K +$99.5K +25,006 New
QC
48
Quadrature Capital
United Kingdom
$84.1K +$84.1K +21,108 New
Two Sigma Advisers
49
Two Sigma Advisers
New York
$52.8K +$5.17K +1,300 +11%
Wolverine Trading
50
Wolverine Trading
Illinois
$43.5K -$138K -35,195 -76%
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