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ZKH

ZKH Group
ZKH

Delisted

ZKH was delisted on the 31st of July, 2026.

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13 hedge funds and large institutions have $73M invested in ZKH Group in 2025 Q2 according to their latest regulatory filings, with 2 funds opening new positions, 2 increasing their positions, 5 reducing their positions, and 3 closing their positions.

New
Increased
Maintained
Reduced
Closed

14.27% more ownership

Funds ownership: 0.42% → 14.68% (+14%)

7% less funds holding

Funds holding: 14 → 13 (-1)

8% less capital invested

Capital invested by funds: $78.9M → $73M (-$5.93M)

33% less first-time investments, than exits

New positions opened: 2 | Existing positions closed: 3

60% less repeat investments, than reductions

Existing positions increased: 2 | Existing positions reduced: 5

Holders
13
Holders Change
-1
Holders Change %
-7.14%
% of All Funds
0.17%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
2
Increased
2
Reduced
5
Closed
3
Calls
–
Puts
–
Net Calls
–
Net Calls Change
–

Top Buyers

Rank Fund Capital Flow
1
Fidelity International
Fidelity International
Bermuda
+$1.44M
2
XT
XTX Topco
Cayman Islands
+$32.6K
3
Citadel Advisors
Citadel Advisors
Florida
+$26.3K
4
BlackRock
BlackRock
New York
+$874

Top Sellers

Rank Fund Capital Flow
1
Tiger Global Management
Tiger Global Management
New York
-$596K
2
Mariner
Mariner
Kansas
-$101K
3
Renaissance Technologies
Renaissance Technologies
New York
-$89.7K
4
Jane Street
Jane Street
New York
-$65.9K
5
TRCT
Tower Research Capital (TRC)
New York
-$3.76K
Name Holding Trade Value Shares
Change 		Change in
Stake
Canada Pension Plan Investment Board
1
Canada Pension Plan Investment Board
Ontario, Canada
$32.6M – – –
Tiger Global Management
2
Tiger Global Management
New York
$24.6M -$596K -198,607 -2%
Fidelity International
3
Fidelity International
Bermuda
$15.3M +$1.44M +478,752 +11%
JP Morgan Chase
4
JP Morgan Chase
New York
$162K – – –
OMC
5
Oasis Management Company
Cayman Islands
$154K – – –
Citadel Advisors
6
Citadel Advisors
Florida
$136K +$26.3K +8,762 +25%
XT
7
XTX Topco
Cayman Islands
$33.4K +$32.6K +10,870 New
State Street
8
State Street
Massachusetts
$32.1K -$3.57K -1,188 -10%
Renaissance Technologies
9
Renaissance Technologies
New York
$31K -$89.7K -29,867 -75%
Fidelity Investments
10
Fidelity Investments
Massachusetts
$5.41K – – –
UBS Group
11
UBS Group
Switzerland
$1.17K -$2.1K -699 -65%
BlackRock
12
BlackRock
New York
$893 +$874 +291 New
Bank of America
13
Bank of America
North Carolina
$307 -$1.42K -473 -83%
Mariner
14
Mariner
Kansas
– -$101K -30,065 Closed
Jane Street
15
Jane Street
New York
– -$65.9K -19,674 Closed
TRCT
16
Tower Research Capital (TRC)
New York
– -$3.76K -1,122 Closed

ZKH Hedge Fund Activity: Q2 2025 in Review

13 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in ZKH Group (ZKH) for Q2 2025, worth a combined $73M — down 7.5% from $78.9M a quarter earlier.

Sellers outnumbered buyers: 3 funds closed out of ZKH and 2 opened new positions — a net loss of 1 holder — while 5 trimmed existing stakes and 2 added.

The largest buyer was Fidelity International, adding an estimated $1.44M. The largest seller was Tiger Global Management, cutting an estimated $596K.

  • 13 institutional investors held ZKH Group (ZKH) as of Q2 2025, down from 14 in Q1 2025.
  • Funds reported $73M of ZKH Group stock for Q2 2025, down 7.5% quarter-over-quarter.
  • 2 funds opened new ZKH Group positions in Q2 2025 and 3 closed out, a net change of -1 holder.
  • The largest ZKH Group buyer in Q2 2025 was Fidelity International, an estimated $1.44M added.
  • The largest ZKH Group seller in Q2 2025 was Tiger Global Management, an estimated $596K sold.

Based on aggregated 13F filings for Q2 2025.