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ZH

Zhihu
ZH

58 hedge funds and large institutions have $103M invested in Zhihu in 2023 Q1 according to their latest regulatory filings, with 17 funds opening new positions, 14 increasing their positions, 17 reducing their positions, and 12 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more call options, than puts

Call options by funds: $95K | Put options by funds: $64K

42% more first-time investments, than exits

New positions opened: 17 | Existing positions closed: 12

29% more capital invested

Capital invested by funds: $80.3M → $103M (+$23.2M)

9% more funds holding

Funds holding: 53 → 58 (+5)

1.1% more ownership

Funds ownership: 3.44% → 4.54% (+1.1%)

0% more funds holding in top 10

Funds holding in top 10: 1 → 1 (0)

18% less repeat investments, than reductions

Existing positions increased: 14 | Existing positions reduced: 17

Holders
58
Holders Change
+5
Holders Change %
+9.43%
% of All Funds
0.92%
Holding in Top 10
1
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
0.02%
New
17
Increased
14
Reduced
17
Closed
12
Calls
$95K
Puts
$64K
Net Calls
+$31K
Net Calls Change
-$43K

Top Buyers

1
PHK
Point72 Hong Kong
Hong Kong
+$18.5M
2
Goldman Sachs
Goldman Sachs
New York
+$9.32M
3
MICM
Matthews International Capital Management
California
+$6.49M
4
Point72 Asset Management
Point72 Asset Management
Connecticut
+$3.98M
5
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
+$2.27M

Top Sellers

1
B
Barings
North Carolina
-$2.45M
2
Jane Street
Jane Street
New York
-$2.16M
3
HF
HRT Financial
New York
-$1.6M
4
Invesco
Invesco
Georgia
-$1.49M
5
CG
Carmignac Gestion
France
-$1.42M
Name Holding Trade Value Shares
Change 		Change in
Stake
Goldman Sachs
1
Goldman Sachs
New York
$17.3M +$9.32M +1,006,235 +79%
PHK
2
Point72 Hong Kong
Hong Kong
$15.2M +$18.5M +1,994,536 New
MICM
3
Matthews International Capital Management
California
$11.6M +$6.49M +700,125 +85%
Bank of America
4
Bank of America
North Carolina
$9.1M +$1.29M +139,033 +13%
Vanguard Group
5
Vanguard Group
Pennsylvania
$7.45M +$349K +37,651 +4%
UBS Group
6
UBS Group
Switzerland
$6.87M +$163K +17,615 +2%
Morgan Stanley
7
Morgan Stanley
New York
$5.92M +$457K +49,299 +7%
YCM
8
Yiheng Capital Management
California
$4.6M – – –
State Street
9
State Street
Massachusetts
$3.96M -$299K -32,237 -6%
Point72 Asset Management
10
Point72 Asset Management
Connecticut
$3.27M +$3.98M +429,667 New
CG
11
Carmignac Gestion
France
$2.59M -$1.42M -153,125 -31%
Jane Street
12
Jane Street
New York
$2.48M -$2.16M -232,755 -42%
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
13
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
$1.87M +$2.27M +245,000 New
Renaissance Technologies
14
Renaissance Technologies
New York
$1.59M -$675K -72,858 -26%
Marshall Wace
15
Marshall Wace
United Kingdom
$1.43M -$1.38M -148,658 -44%
BA
16
Bridgewater Associates
Connecticut
$1.28M +$1.56M +168,138 New
Millennium Management
17
Millennium Management
New York
$1.13M +$237K +25,634 +21%
PGCM
18
Prescott Group Capital Management
Oklahoma
$926K – – –
Two Sigma Investments
19
Two Sigma Investments
New York
$917K -$163K -17,605 -13%
OC
20
Optimas Capital
Hong Kong
$901K +$1.1M +118,250 New
Nomura Holdings
21
Nomura Holdings
Japan
$486K +$435K +46,967 +279%
IEFM
22
IQ EQ Fund Management
Ireland
$390K +$198K +21,396 +72%
GCP
23
GSA Capital Partners
United Kingdom
$389K +$372K +40,166 +370%
California Public Employees Retirement System
24
California Public Employees Retirement System
California
$336K -$106K -11,492 -21%
PAM
25
Pinpoint Asset Management
Hong Kong
$254K +$309K +33,333 New
1
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ZH Hedge Fund Activity: Q1 2023 in Review

58 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Zhihu (ZH) for Q1 2023, worth a combined $103M — up 29% from $80.3M a quarter earlier.

Buyers outnumbered sellers: 17 funds opened new ZH positions and 12 closed out — a net gain of 5 holders — while 14 added to existing stakes and 17 trimmed.

The largest buyer was Point72 Hong Kong, opening a new position worth an estimated $18.5M. The largest seller was Barings, exiting entirely with an estimated $2.45M sold.

  • 58 institutional investors held Zhihu (ZH) as of Q1 2023, up from 53 in Q4 2022.
  • Funds reported $103M of Zhihu stock for Q1 2023, up 29% quarter-over-quarter.
  • 17 funds opened new Zhihu positions in Q1 2023 and 12 closed out, a net change of +5 holders.
  • The largest Zhihu buyer in Q1 2023 was Point72 Hong Kong, an estimated $18.5M added.
  • The largest Zhihu seller in Q1 2023 was Barings, an estimated $2.45M sold.

Based on aggregated 13F filings for Q1 2023.