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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
IWC
76
Integrated Wealth Concepts
Massachusetts
$648K +$140K +7,337 +28%
SEI Investments
77
SEI Investments
Pennsylvania
$634K +$96.3K +5,031 +18%
CFO
78
Callan Family Office
Pennsylvania
$612K +$46.5K +2,431 +8%
Truist Financial
79
Truist Financial
North Carolina
$573K -$35.2K -1,839 -6%
SFA
80
Sequoia Financial Advisors
Ohio
$534K +$220K +11,486 +70%
OSAM
81
O'Shaughnessy Asset Management
Connecticut
$528K +$244K +12,758 +87%
AAM
82
Advisors Asset Management
Colorado
$528K +$279K +14,568 +113%
Royal London Asset Management
83
Royal London Asset Management
United Kingdom
$516K – – –
DFCM
84
Dark Forest Capital Management
Puerto Rico
$497K +$495K +25,872 New
VPIM
85
Vanguard Personalized Indexing Management
California
$497K +$88.9K +4,642 +22%
SSA
86
Schonfeld Strategic Advisors
New York
$486K +$8.08K +422 +2%
Citadel Advisors
87
Citadel Advisors
Florida
$426K -$5.66M -295,808 -93%
FRM
88
Fox Run Management
Connecticut
$414K +$413K +21,581 New
Creative Planning
89
Creative Planning
Kansas
$384K +$136K +7,123 +55%
FTUS
90
Flow Traders U.S.
New York
$373K +$372K +19,418 New
SC
91
Savant Capital
Illinois
$367K +$135K +7,067 +59%
HF
92
HRT Financial
New York
$366K -$2.71M -141,444 -88%
CAPTRUST Financial Advisors
93
CAPTRUST Financial Advisors
North Carolina
$364K -$258K -13,486 -42%
AIMCA
94
Alberta Investment Management Corp (AIMCo)
Alberta, Canada
$346K -$768K -40,100 -69%
AIM
95
AXA Investment Managers
France
$345K +$344K +17,984 New
CL
96
Choreo LLC
Illinois
$337K -$280K -14,651 -46%
RFC
97
Regions Financial Corp
Alabama
$333K -$17.2K -899 -5%
Millennium Management
98
Millennium Management
New York
$317K -$2.17M -113,464 -87%
PNC Financial Services Group
99
PNC Financial Services Group
Pennsylvania
$305K +$33.1K +1,729 +12%
Mirae Asset Global Investments
100
Mirae Asset Global Investments
South Korea
$300K +$47.2K +2,464 +19%
2 3
4
5 6

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.