Zhihu
47 hedge funds and large institutions have $413M invested in Zhihu in 2021 Q2 according to their latest regulatory filings, with 28 funds opening new positions, 6 increasing their positions, 11 reducing their positions, and 38 closing their positions.
55% more capital invested
Capital invested by funds: $267M → $413M (+$146M)
0.16% less ownership
Funds ownership: 2.13% → 1.97% (-0.16%)
18% less funds holding
Funds holding: 57 → 47 (-10)
26% less first-time investments, than exits
New positions opened: 28 | Existing positions closed: 38
33% less funds holding in top 10
Funds holding in top 10: 3 → 2 (-1)
45% less repeat investments, than reductions
Existing positions increased: 6 | Existing positions reduced: 11
84% less call options, than puts
Call options by funds: $3.37M | Put options by funds: $20.5M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
KFA
Krane Funds Advisors
New York
|
+$40.3M |
| 2 |
LCG
Luxor Capital Group
New York
|
+$38.6M |
| 3 |
PAEMF
Panview Asian Equity Master Fund
Central,
Hong Kong
|
+$10.4M |
| 4 |
SCH
Sylebra Capital (HK)
Hong Kong
|
+$8.36M |
| 5 |
BlackRock
New York
|
+$7.86M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMH
Aspex Management (HK)
Central,
Hong Kong
|
-$31.6M |
| 2 |
LM
Luminus Management
Houston,
Texas
|
-$18.4M |
| 3 |
SIM
SRS Investment Management
New York
|
-$17M |
| 4 |
DACS
Dymon Asia Capital (Singapore)
Singapore
|
-$8.36M |
| 5 |
JCAM
Jericho Capital Asset Management
New York
|
-$7.39M |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
|
MCP
76
Maso Capital Partners
Hong Kong
| – | -$243K | -5,000 | Closed |
|
|
MIM
77
Monashee Investment Management
Boston,
Massachusetts
| – | -$243K | -5,000 | Closed |
|
|
CC
78
Covalis Capital
London,
United Kingdom
| – | -$162K | -3,333 | Closed |
|
|
PE
79
Point72 Europe
London,
United Kingdom
| – | -$162K | -3,333 | Closed |
|
80
Goldman Sachs
New York
| – | -$118K | -2,417 | Closed |
|
|
CL
81
CSS LLC
Chicago,
Illinois
| – | -$87K | -1,789 | Closed |
|
|
SM
82
SCGE Management
Menlo Park,
California
| – | -$81K | -1,667 | Closed |
|
83
Voloridge Investment Management
Jupiter,
Florida
| – | -$81K | -1,667 | Closed |
|
|
GGHC
84
Gilder Gagnon Howe & Co
New York
| – | -$12K | -257 | Closed |
|
|
TRCT
85
Tower Research Capital (TRC)
New York
| – | -$3K | -53 | Closed |
|
ZH Hedge Fund Activity: Q2 2021 in Review
47 of the 5,745 institutional investors tracked by Wall St. Rank reported a position in Zhihu (ZH) for Q2 2021, worth a combined $413M — up 55% from $267M a quarter earlier.
Sellers outnumbered buyers: 38 funds closed out of ZH and 28 opened new positions — a net loss of 10 holders — while 11 trimmed existing stakes and 6 added.
The largest buyer was Krane Funds Advisors, opening a new position worth an estimated $40.3M. The largest seller was Aspex Management (HK), exiting entirely with an estimated $31.6M sold.
- 47 institutional investors held Zhihu (ZH) as of Q2 2021, down from 57 in Q1 2021.
- Funds reported $413M of Zhihu stock for Q2 2021, up 55% quarter-over-quarter.
- 28 funds opened new Zhihu positions in Q2 2021 and 38 closed out, a net change of -10 holders.
- The largest Zhihu buyer in Q2 2021 was Krane Funds Advisors, an estimated $40.3M added.
- The largest Zhihu seller in Q2 2021 was Aspex Management (HK), an estimated $31.6M sold.
Based on aggregated 13F filings for Q2 2021.