Zhihu
61 hedge funds and large institutions have $357M invested in Zhihu in 2021 Q4 according to their latest regulatory filings, with 20 funds opening new positions, 21 increasing their positions, 16 reducing their positions, and 13 closing their positions.
54% more first-time investments, than exits
New positions opened: 20 | Existing positions closed: 13
31% more repeat investments, than reductions
Existing positions increased: 21 | Existing positions reduced: 16
13% more funds holding
Funds holding: 54 → 61 (+7)
0.47% more ownership
Funds ownership: 3.59% → 4.06% (+0.47%)
0% more funds holding in top 10
Funds holding in top 10: 4 → 4 (0)
31% less capital invested
Capital invested by funds: $519M → $357M (-$162M)
82% less call options, than puts
Call options by funds: $2.8M | Put options by funds: $15.7M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
YCM
Yiheng Capital Management
San Francisco,
California
|
+$29M |
| 2 |
FC
Franchise Capital
Grand Cayman,
Cayman Islands
|
+$28.8M |
| 3 |
KFA
Krane Funds Advisors
New York
|
+$24.5M |
| 4 |
EFM
E Fund Management
Guangzhou,
China
|
+$8.44M |
| 5 |
Group One Trading
Chicago,
Illinois
|
+$7.44M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LSCM
Light Street Capital Management
Palo Alto,
California
|
-$35M |
| 2 |
BlackRock
New York
|
-$22.1M |
| 3 |
Morgan Stanley
New York
|
-$8.26M |
| 4 |
JCAM
Jericho Capital Asset Management
New York
|
-$7.15M |
| 5 |
CPIM
Coalescence Partners Investment Management
New York
|
-$6.68M |
ZH Hedge Fund Activity: Q4 2021 in Review
61 of the 6,518 institutional investors tracked by Wall St. Rank reported a position in Zhihu (ZH) for Q4 2021, worth a combined $357M — down 31% from $519M a quarter earlier.
Buyers outnumbered sellers: 20 funds opened new ZH positions and 13 closed out — a net gain of 7 holders — while 21 added to existing stakes and 16 trimmed.
The largest buyer was Yiheng Capital Management, opening a new position worth an estimated $29M. The largest seller was Light Street Capital Management, exiting entirely with an estimated $35M sold.
- 61 institutional investors held Zhihu (ZH) as of Q4 2021, up from 54 in Q3 2021.
- Funds reported $357M of Zhihu stock for Q4 2021, down 31% quarter-over-quarter.
- 20 funds opened new Zhihu positions in Q4 2021 and 13 closed out, a net change of +7 holders.
- The largest Zhihu buyer in Q4 2021 was Yiheng Capital Management, an estimated $29M added.
- The largest Zhihu seller in Q4 2021 was Light Street Capital Management, an estimated $35M sold.
Based on aggregated 13F filings for Q4 2021.