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ZH

Zhihu
ZH

54 hedge funds and large institutions have $515M invested in Zhihu in 2021 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 13 increasing their positions, 14 reducing their positions, and 14 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more funds holding in top 10

Funds holding in top 10: 2 → 4 (+2)

64% more first-time investments, than exits

New positions opened: 23 | Existing positions closed: 14

27% more call options, than puts

Call options by funds: $6.94M | Put options by funds: $5.49M

25% more capital invested

Capital invested by funds: $413M → $515M (+$102M)

15% more funds holding

Funds holding: 47 → 54 (+7)

1.61% more ownership

Funds ownership: 1.97% → 3.59% (+1.6%)

7% less repeat investments, than reductions

Existing positions increased: 13 | Existing positions reduced: 14

Holders
54
Holders Change
+7
Holders Change %
+14.89%
% of All Funds
0.95%
Holding in Top 10
4
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+100%
% of All Funds
0.07%
New
23
Increased
13
Reduced
14
Closed
14
Calls
$6.94M
Puts
$5.49M
Net Calls
+$1.46M
Net Calls Change
+$18.6M

Top Buyers

1
AIM
Anatole Investment Management
Hong Kong
+$134M
2
KFA
Krane Funds Advisors
New York
+$46.8M
3
LSCM
Light Street Capital Management
California
+$38M
4
FC
Franchise Capital
Cayman Islands
+$35.5M
5
Vanguard Group
Vanguard Group
Pennsylvania
+$16M

Top Sellers

1
BlackRock
BlackRock
New York
-$39.4M
2
PAEMF
Panview Asian Equity Master Fund
Hong Kong
-$14.8M
3
Blackstone Inc
Blackstone Inc
New York
-$13.7M
4
B
Barings
North Carolina
-$10.1M
5
LCG
Luxor Capital Group
New York
-$6.84M
Name Holding Trade Value Shares
Change 		Change in
Stake
AIM
1
Anatole Investment Management
Hong Kong
$128M +$134M +2,222,069 +2,292%
KFA
2
Krane Funds Advisors
New York
$82.2M +$46.8M +779,331 +111%
LSCM
3
Light Street Capital Management
California
$35M +$38M +632,377 New
FC
4
Franchise Capital
Cayman Islands
$32.7M +$35.5M +590,872 New
LCG
5
Luxor Capital Group
New York
$31.2M -$6.84M -113,847 -17%
SCH
6
Sylebra Capital (HK)
Hong Kong
$28.6M -$1.79M -29,812 -5%
B
7
Barings
North Carolina
$27.1M -$10.1M -168,786 -26%
BlackRock
8
BlackRock
New York
$26.7M -$39.4M -655,396 -58%
Vanguard Group
9
Vanguard Group
Pennsylvania
$14.8M +$16M +267,109 New
EFM
10
E Fund Management
China
$12.1M +$13.2M +219,077 New
Millennium Management
11
Millennium Management
New York
$11.1M +$6.22M +103,543 +108%
Morgan Stanley
12
Morgan Stanley
New York
$10.4M +$9.7M +161,509 +610%
CPIM
13
Coalescence Partners Investment Management
New York
$8.31M +$9.01M +150,000 New
Goldman Sachs
14
Goldman Sachs
New York
$7.87M +$8.54M +142,118 New
JCAM
15
Jericho Capital Asset Management
New York
$7.15M – – –
PCM
16
Penserra Capital Management
California
$5.91M -$741K -12,327 -10%
Balyasny Asset Management
17
Balyasny Asset Management
Illinois
$5.36M +$5.81M +96,779 New
UBS Group
18
UBS Group
Switzerland
$4.9M +$1.34M +22,333 +34%
Invesco
19
Invesco
Georgia
$4.41M +$4.79M +79,666 New
Citadel Advisors
20
Citadel Advisors
Florida
$3.86M +$3.31M +55,116 +376%
Norges Bank
21
Norges Bank
Norway
$3.54M -$1.65M -27,398 -30%
Susquehanna International Group
22
Susquehanna International Group
Pennsylvania
$2.77M +$2.46M +40,943 +453%
PAM
23
Pinpoint Asset Management
Hong Kong
$2.12M +$900K +14,982 +57%
LP
24
LMR Partners
United Kingdom
$1.87M +$2.03M +33,776 New
Macquarie Group
25
Macquarie Group
Australia
$1.85M – – –
1
2 3

ZH Hedge Fund Activity: Q3 2021 in Review

54 of the 5,712 institutional investors tracked by Wall St. Rank reported a position in Zhihu (ZH) for Q3 2021, worth a combined $515M — up 25% from $413M a quarter earlier.

Buyers outnumbered sellers: 23 funds opened new ZH positions and 14 closed out — a net gain of 9 holders — while 13 added to existing stakes and 14 trimmed.

The largest buyer was Anatole Investment Management, adding an estimated $134M. The largest seller was BlackRock, cutting an estimated $39.4M.

  • 54 institutional investors held Zhihu (ZH) as of Q3 2021, up from 47 in Q2 2021.
  • Funds reported $515M of Zhihu stock for Q3 2021, up 25% quarter-over-quarter.
  • 23 funds opened new Zhihu positions in Q3 2021 and 14 closed out, a net change of +9 holders.
  • The largest Zhihu buyer in Q3 2021 was Anatole Investment Management, an estimated $134M added.
  • The largest Zhihu seller in Q3 2021 was BlackRock, an estimated $39.4M sold.

Based on aggregated 13F filings for Q3 2021.