ZKH Group
ZKH
ZKH was delisted on the 31st of July, 2026.
12 hedge funds and large institutions have $48.4M invested in ZKH Group in 2025 Q3 according to their latest regulatory filings, with 2 funds opening new positions, 3 increasing their positions, 2 reducing their positions, and 3 closing their positions.
50% more repeat investments, than reductions
Existing positions increased: 3 | Existing positions reduced: 2
4.22% less ownership
Funds ownership: 14.68% → 10.46% (-4.2%)
8% less funds holding
Funds holding: 13 → 12 (-1)
33% less first-time investments, than exits
New positions opened: 2 | Existing positions closed: 3
34% less capital invested
Capital invested by funds: $73M → $48.4M (-$24.6M)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity International
Hamilton,
Bermuda
|
+$3.2M |
| 2 |
JG
Jain Global
New York
|
+$249K |
| 3 |
UBS Group
Zurich,
Switzerland
|
+$123K |
| 4 |
Renaissance Technologies
New York
|
+$20.3K |
| 5 |
RhumbLine Advisers
Boston,
Massachusetts
|
+$2.31K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Tiger Global Management
New York
|
-$24.6M |
| 2 |
XT
XTX Topco
George Town,
Cayman Islands
|
-$33.4K |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$3.26K |
| 4 |
State Street
Boston,
Massachusetts
|
-$645 |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$307 |
| Name | Holding | Trade Value |
Shares Change |
Change in Stake |
|
|---|---|---|---|---|---|
1
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
| $30.3M | – | – | – |
|
|
2
Fidelity International
Hamilton,
Bermuda
| $17.2M | +$3.2M | +1,070,318 | +21% |
|
|
JG
3
Jain Global
New York
| $238K | +$249K | +83,461 | New |
|
4
JP Morgan Chase
New York
| $150K | – | – | – |
|
|
OMC
5
Oasis Management Company
Grand Cayman,
Cayman Islands
| $143K | – | – | – |
|
|
6
Citadel Advisors
Miami,
Florida
| $123K | -$3.26K | -1,092 | -2% |
|
|
7
UBS Group
Zurich,
Switzerland
| $118K | +$123K | +41,119 | +10,792% |
|
|
8
Renaissance Technologies
New York
| $48.1K | +$20.3K | +6,779 | +67% |
|
|
9
State Street
Boston,
Massachusetts
| $29.2K | -$645 | -216 | -2% |
|
10
Fidelity Investments
Boston,
Massachusetts
| $5.02K | – | – | – |
|
|
11
RhumbLine Advisers
Boston,
Massachusetts
| $2.21K | +$2.31K | +775 | New |
|
12
BlackRock
New York
| $829 | – | – | – |
|
|
13
Tiger Global Management
New York
| – | -$24.6M | -7,996,846 | Closed |
|
|
XT
14
XTX Topco
George Town,
Cayman Islands
| – | -$33.4K | -10,870 | Closed |
|
|
15
Bank of America
Charlotte,
North Carolina
| – | -$307 | -100 | Closed |
|
ZKH Hedge Fund Activity: Q3 2025 in Review
12 of the 7,621 institutional investors tracked by Wall St. Rank reported a position in ZKH Group (ZKH) for Q3 2025, worth a combined $48.4M — down 34% from $73M a quarter earlier.
Sellers outnumbered buyers: 3 funds closed out of ZKH and 2 opened new positions — a net loss of 1 holder — while 2 trimmed existing stakes and 3 added.
The largest buyer was Fidelity International, adding an estimated $3.2M. The largest seller was Tiger Global Management, exiting entirely with an estimated $24.6M sold.
- 12 institutional investors held ZKH Group (ZKH) as of Q3 2025, down from 13 in Q2 2025.
- Funds reported $48.4M of ZKH Group stock for Q3 2025, down 34% quarter-over-quarter.
- 2 funds opened new ZKH Group positions in Q3 2025 and 3 closed out, a net change of -1 holder.
- The largest ZKH Group buyer in Q3 2025 was Fidelity International, an estimated $3.2M added.
- The largest ZKH Group seller in Q3 2025 was Tiger Global Management, an estimated $24.6M sold.
Based on aggregated 13F filings for Q3 2025.