ZH

Zhihu
ZH

Overview Fund Activity

57 hedge funds and large institutions have $84.1M invested in Zhihu in 2025 Q1 according to their latest regulatory filings, with 14 funds opening new positions, 20 increasing their positions, 15 reducing their positions, and 6 closing their positions.

Holders
57
Holders Change
+8
Holders Change %
+16.33%
% of All Funds
0.77%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
14
Increased
20
Reduced
15
Closed
6
Calls
$838K
Puts
$2.24M
Net Calls
-$1.4M
Net Calls Change
-$1.45M

Top Buyers

1
MAMHA
1
MY.Alpha Management HK Advisors
Hong Kong
$7.23M
2
Fidelity International
2
Fidelity International
Bermuda
$6.42M
3
Acadian Asset Management
3
Acadian Asset Management
Massachusetts
$12.5M
4
Arrowstreet Capital
4
Arrowstreet Capital
Massachusetts
$4.72M
5
Millennium Management
5
Millennium Management
New York
$1.99M

Top Sellers

1
Goldman Sachs
1
Goldman Sachs
New York
$877K
2
Bank of America
2
Bank of America
North Carolina
$622K
3
UBS Group
3
UBS Group
Switzerland
$813K
4
MICM
4
Matthews International Capital Management
California
$15.6M
5
Morgan Stanley
5
Morgan Stanley
New York
$2.79M
Name Market Value Shares Shares
Change 		Shares
Change %
MICM
1
Matthews International Capital Management
California
$15.6M 3,652,757 -589,480 -14%
Acadian Asset Management
2
Acadian Asset Management
Massachusetts
$12.5M 2,941,056 +1,102,401 +60%
Vanguard Group
3
Vanguard Group
Pennsylvania
$12M 2,813,008 -209,629 -7%
MAMHA
4
MY.Alpha Management HK Advisors
Hong Kong
$7.23M 1,693,544 +1,693,544 New
Fidelity International
5
Fidelity International
Bermuda
$6.42M 1,525,175 +1,397,668 +1,096%
Arrowstreet Capital
6
Arrowstreet Capital
Massachusetts
$4.72M 1,105,349 +501,676 +83%
Morgan Stanley
7
Morgan Stanley
New York
$2.79M 652,841 -382,686 -37%
State Street
8
State Street
Massachusetts
$2.16M 506,792 +204,192 +67%
Millennium Management
9
Millennium Management
New York
$1.99M 466,554 +466,554 New
Citadel Advisors
10
Citadel Advisors
Florida
$1.92M 449,613 +371,396 +475%
Group One Trading
11
Group One Trading
Illinois
$1.75M 409,159 +409,159 New
Marshall Wace
12
Marshall Wace
United Kingdom
$1.28M 299,064 +299,064 New
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$888K 208,031 +116,611 +128%
Goldman Sachs
14
Goldman Sachs
New York
$877K 205,473 -2,052,529 -91%
Jane Street
15
Jane Street
New York
$872K 204,251 +169,845 +494%
National Bank of Canada
16
National Bank of Canada
Quebec, Canada
$858K 200,901 +200,900 +20,090,000%
CSS
17
Cubist Systematic Strategies
Connecticut
$815K 190,786 +180,583 +1,770%
UBS Group
18
UBS Group
Switzerland
$813K 190,294 -834,073 -81%
Ohio Public Employees Retirement System (OPERS)
19
Ohio Public Employees Retirement System (OPERS)
Ohio
$812K 190,049 +186,664 +5,514%
Bank of America
20
Bank of America
North Carolina
$622K 145,569 -908,962 -86%
COPPSERS
21
Commonwealth of Pennsylvania Public School Employees Retirement System
Pennsylvania
$600K 140,523 +59,090 +73%
Walleye Capital
22
Walleye Capital
New York
$540K 126,426 +112,184 +788%
EFMH
23
E Fund Management (HK)
Hong Kong
$483K 113,099 -37,749 -25%
EFM
24
E Fund Management
China
$483K 113,099 -37,749 -25%
Nomura Holdings
25
Nomura Holdings
Japan
$480K 112,464 -34,300 -23%
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