We are live on ! Find out more
ZTO icon

ZTO Express
ZTO

170 hedge funds and large institutions have $1.29B invested in ZTO Express in 2025 Q3 according to their latest regulatory filings, with 27 funds opening new positions, 65 increasing their positions, 49 reducing their positions, and 37 closing their positions.

New
Increased
Maintained
Reduced
Closed

593% more call options, than puts

Call options by funds: $175M | Put options by funds: $25.2M

33% more repeat investments, than reductions

Existing positions increased: 65 | Existing positions reduced: 49

3.14% less ownership

Funds ownership: 14.34% → 11.21% (-3.1%)

7% less funds holding

Funds holding: 182 → 170 (-12)

15% less capital invested

Capital invested by funds: $1.52B → $1.29B (-$236M)

25% less funds holding in top 10

Funds holding in top 10: 4 → 3 (-1)

27% less first-time investments, than exits

New positions opened: 27 | Existing positions closed: 37

Holders
170
Holders Change
-12
Holders Change %
-6.59%
% of All Funds
2.23%
Holding in Top 10
3
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-25%
% of All Funds
0.04%
New
27
Increased
65
Reduced
49
Closed
37
Calls
$175M
Puts
$25.2M
Net Calls
+$149M
Net Calls Change
+$38.4M

Top Buyers

1
Morgan Stanley
Morgan Stanley
New York
+$33.3M
2
Goldman Sachs
Goldman Sachs
New York
+$27.4M
3
CLGM
Capitolis Liquid Global Markets
New York
+$25.6M
4
CGH
Crossmark Global Holdings
Texas
+$11.3M
5
Pzena Investment Management
Pzena Investment Management
New York
+$7.2M

Top Sellers

1
HL
Harding Loevner
New Jersey
-$219M
2
T. Rowe Price Associates
T. Rowe Price Associates
Maryland
-$59.2M
3
UBS Group
UBS Group
Switzerland
-$53.9M
4
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
-$30.4M
5
Canada Pension Plan Investment Board
Canada Pension Plan Investment Board
Ontario, Canada
-$12.5M
Name Holding Trade Value Shares
Change 		Change in
Stake
Russell Investments Group
26
Russell Investments Group
United Kingdom
$7.75M +$115K +6,016 +2%
SG Americas Securities
27
SG Americas Securities
New York
$7.42M +$834K +43,570 +13%
Mackenzie Financial
28
Mackenzie Financial
Ontario, Canada
$6.9M -$6.72M -350,768 -49%
Northern Trust
29
Northern Trust
Illinois
$6.38M +$52.9K +2,763 +0.8%
Renaissance Technologies
30
Renaissance Technologies
New York
$6.14M -$8.66M -452,300 -59%
Charles Schwab
31
Charles Schwab
California
$5.48M -$268K -14,014 -5%
Aviva
32
Aviva
United Kingdom
$5.23M -$108K -5,656 -2%
TAA
33
TB Alternative Assets
Cayman Islands
$4.9M +$3.3M +172,300 +208%
VFO
34
Virtus Family Office
Texas
$4.75M +$500K +26,107 +12%
EAM
35
Erste Asset Management
Austria
$4.15M – – –
IA
36
Icon Advisers
Colorado
$3.84M -$1.24M -65,000 -25%
SAM
37
Storebrand Asset Management
Norway
$3.83M – – –
HSBC Holdings
38
HSBC Holdings
United Kingdom
$3.59M -$1.76M -92,173 -33%
SAM
39
Silvercrest Asset Management
New York
$3.45M +$64.1K +3,350 +2%
Royal Bank of Canada
40
Royal Bank of Canada
Ontario, Canada
$3.32M -$93.6K -4,891 -3%
XC
41
XY Capital
Hong Kong
$3.17M -$6.86M -358,371 -68%
PEAK6
42
PEAK6
Illinois
$3.08M -$392K -20,468 -11%
DekaBank Deutsche Girozentrale
43
DekaBank Deutsche Girozentrale
Germany
$3.07M – – –
KBC Group
44
KBC Group
Belgium
$2.88M – – –
AIC
45
Aurora Investment Counsel
Georgia
$2.87M +$153K +7,978 +6%
Invesco
46
Invesco
Georgia
$2.87M -$3.53M -184,370 -55%
LWAM
47
Legacy Wealth Asset Management
Minnesota
$2.65M +$13.1K +686 +0.5%
Swedbank
48
Swedbank
Sweden
$2.38M – – –
BIP
49
Brandes Investment Partners
California
$2.18M +$98.9K +5,165 +5%
Stifel Financial
50
Stifel Financial
Missouri
$2.17M +$1.52M +79,651 +239%
1
2
3 4 5

ZTO Hedge Fund Activity: Q3 2025 in Review

170 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in ZTO Express (ZTO) for Q3 2025, worth a combined $1.29B — down 15% from $1.52B a quarter earlier.

Sellers outnumbered buyers: 37 funds closed out of ZTO and 27 opened new positions — a net loss of 10 holders — while 49 trimmed existing stakes and 65 added.

The largest buyer was Morgan Stanley, adding an estimated $33.3M. The largest seller was Harding Loevner, cutting an estimated $219M.

  • 170 institutional investors held ZTO Express (ZTO) as of Q3 2025, down from 182 in Q2 2025.
  • Funds reported $1.29B of ZTO Express stock for Q3 2025, down 15% quarter-over-quarter.
  • 27 funds opened new ZTO Express positions in Q3 2025 and 37 closed out, a net change of -10 holders.
  • The largest ZTO Express buyer in Q3 2025 was Morgan Stanley, an estimated $33.3M added.
  • The largest ZTO Express seller in Q3 2025 was Harding Loevner, an estimated $219M sold.

Based on aggregated 13F filings for Q3 2025.