Zhihu
45 hedge funds and large institutions have $40.2M invested in Zhihu in 2026 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 12 increasing their positions, 20 reducing their positions, and 4 closing their positions.
10,675% more call options, than puts
Call options by funds: $431K | Put options by funds: $4K
16% more capital invested
Capital invested by funds: $34.6M → $40.2M (+$5.59M)
0.89% more ownership
Funds ownership: 14.45% → 15.35% (+0.89%)
0% more funds holding in top 10
Funds holding in top 10: 1 → 1 (0)
6% less funds holding
Funds holding: 48 → 45 (-3)
40% less repeat investments, than reductions
Existing positions increased: 12 | Existing positions reduced: 20
50% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 4
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$5.47M |
| 2 |
HFM
Harvest Fund Management
Beijing,
China
|
+$675K |
| 3 |
Two Sigma Investments
New York
|
+$273K |
| 4 |
Goldman Sachs
New York
|
+$268K |
| 5 |
Citadel Advisors
Miami,
Florida
|
+$226K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Acadian Asset Management
Boston,
Massachusetts
|
-$926K |
| 2 |
Qube Research & Technologies (QRT)
London,
United Kingdom
|
-$656K |
| 3 |
EFM
E Fund Management
Guangzhou,
China
|
-$504K |
| 4 |
EFMH
E Fund Management (HK)
Central,
Hong Kong
|
-$504K |
| 5 |
Jane Street
New York
|
-$500K |
ZH Hedge Fund Activity: Q2 2026 in Review
45 of the 8,317 institutional investors tracked by Wall St. Rank reported a position in Zhihu (ZH) for Q2 2026, worth a combined $40.2M — up 16% from $34.6M a quarter earlier.
Sellers outnumbered buyers: 4 funds closed out of ZH and 2 opened new positions — a net loss of 2 holders — while 20 trimmed existing stakes and 12 added.
The largest buyer was Fidelity International, adding an estimated $5.47M. The largest seller was Acadian Asset Management, cutting an estimated $926K.
- 45 institutional investors held Zhihu (ZH) as of Q2 2026, down from 48 in Q1 2026.
- Funds reported $40.2M of Zhihu stock for Q2 2026, up 16% quarter-over-quarter.
- 2 funds opened new Zhihu positions in Q2 2026 and 4 closed out, a net change of -2 holders.
- The largest Zhihu buyer in Q2 2026 was Fidelity International, an estimated $5.47M added.
- The largest Zhihu seller in Q2 2026 was Acadian Asset Management, an estimated $926K sold.
Based on aggregated 13F filings for Q2 2026.