Zhihu
58 hedge funds and large institutions have $90.6M invested in Zhihu in 2025 Q1 according to their latest regulatory filings, with 15 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 6 closing their positions.
150% more first-time investments, than exits
New positions opened: 15 | Existing positions closed: 6
47% more capital invested
Capital invested by funds: $61.5M → $90.6M (+$29.1M)
33% more repeat investments, than reductions
Existing positions increased: 20 | Existing positions reduced: 15
18% more funds holding
Funds holding: 49 → 58 (+9)
1.48% more ownership
Funds ownership: 7.05% → 8.53% (+1.5%)
63% less call options, than puts
Call options by funds: $838K | Put options by funds: $2.24M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
MAMHA
MY.Alpha Management HK Advisors
Hong Kong
|
+$7.37M |
| 2 |
Norges Bank
Oslo,
Norway
|
+$6.61M |
| 3 |
Fidelity International
Hamilton,
Bermuda
|
+$6.09M |
| 4 |
Acadian Asset Management
Boston,
Massachusetts
|
+$4.8M |
| 5 |
Arrowstreet Capital
Boston,
Massachusetts
|
+$2.18M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Goldman Sachs
New York
|
-$8.94M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$3.96M |
| 3 |
UBS Group
Zurich,
Switzerland
|
-$3.63M |
| 4 |
MICM
Matthews International Capital Management
San Francisco,
California
|
-$2.57M |
| 5 |
Morgan Stanley
New York
|
-$1.67M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
RI
51
Ridgewood Investments
Springfield,
New Jersey
| $2.84K | – | – | – |
|
|
MA
52
Montag & Associates
Atlanta,
Georgia
| $2.78K | – | – | – |
|
53
Legal & General Group
London,
United Kingdom
| $2.59K | – | – | – |
|
|
BIA
54
Bell Investment Advisors
Oakland,
California
| $1.78K | – | – | – |
|
|
CIAM
55
Caitong International Asset Management
Hong Kong
| $1.28K | +$1.31K | +300 | New |
|
|
SS
56
SBI Securities
Tokyo,
Japan
| $811 | -$4 | -1 | -0.5% |
|
|
CA
57
CoreCap Advisors
Southfield,
Michigan
| $107 | +$109 | +25 | New |
|
58
Barclays
London,
United Kingdom
| – | -$310K | -87,499 | Closed |
|
|
XT
59
XTX Topco
George Town,
Cayman Islands
| – | -$57.6K | -16,275 | Closed |
|
60
JP Morgan Chase
New York
| – | -$47.1K | -13,295 | Closed |
|
|
AP
61
Advisors Preferred
Rockville,
Maryland
| – | -$38.5K | -10,878 | Closed |
|
62
Connor, Clark & Lunn Investment Management (CC&L)
Vancouver,
British Columbia, Canada
| – | -$36.4K | -10,290 | Closed |
|
|
TRCT
63
Tower Research Capital (TRC)
New York
| – | -$1.56K | -441 | Closed |
|
ZH Hedge Fund Activity: Q1 2025 in Review
58 of the 7,457 institutional investors tracked by Wall St. Rank reported a position in Zhihu (ZH) for Q1 2025, worth a combined $90.6M — up 47% from $61.5M a quarter earlier.
Buyers outnumbered sellers: 15 funds opened new ZH positions and 6 closed out — a net gain of 9 holders — while 20 added to existing stakes and 15 trimmed.
The largest buyer was MY.Alpha Management HK Advisors, opening a new position worth an estimated $7.37M. The largest seller was Goldman Sachs, cutting an estimated $8.94M.
- 58 institutional investors held Zhihu (ZH) as of Q1 2025, up from 49 in Q4 2024.
- Funds reported $90.6M of Zhihu stock for Q1 2025, up 47% quarter-over-quarter.
- 15 funds opened new Zhihu positions in Q1 2025 and 6 closed out, a net change of +9 holders.
- The largest Zhihu buyer in Q1 2025 was MY.Alpha Management HK Advisors, an estimated $7.37M added.
- The largest Zhihu seller in Q1 2025 was Goldman Sachs, an estimated $8.94M sold.
Based on aggregated 13F filings for Q1 2025.