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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
EI
101
Ethic Inc
New York
$295K +$294K +15,374 New
P
102
Pitcairn
Pennsylvania
$285K -$16.3K -851 -5%
USGIU
103
U.S. Global Investors (USGI)
Texas
$283K +$13.7K +716 +5%
BCI
104
Brinker Capital Investments
Pennsylvania
$281K +$20.2K +1,053 +8%
AI
105
Atria Investments
North Carolina
$278K +$42.1K +2,201 +18%
OWA
106
One Wealth Advisors
California
$250K +$5.46K +285 +2%
CCIA
107
Campbell & Co Investment Adviser
Maryland
$247K +$246K +12,867 New
EGM
108
Engineers Gate Manager
New York
$244K +$243K +12,699 New
Amundi
109
Amundi
France
$244K – – –
CIM
110
Confluence Investment Management
Missouri
$233K +$233K +12,150 New
HFS
111
Hantz Financial Services
Michigan
$233K +$159K +8,288 +215%
UBS AM
112
UBS AM
Illinois
$230K – – –
LPL Financial
113
LPL Financial
California
$206K +$4.35K +227 +2%
PAM
114
Panagora Asset Management
Massachusetts
$204K – – –
Deutsche Bank
115
Deutsche Bank
Germany
$203K -$200K -10,428 -50%
Fidelity Investments
116
Fidelity Investments
Massachusetts
$169K +$29.8K +1,559 +21%
TRCT
117
Tower Research Capital (TRC)
New York
$144K +$143K +7,475 +249,167%
BCM
118
Barometer Capital Management
Ontario, Canada
$117K – – –
EWA
119
EverSource Wealth Advisors
Alabama
$101K +$34.1K +1,783 +51%
SOW
120
State of Wyoming
Wyoming
$72.6K +$957 +50 +1%
TPCW
121
TD Private Client Wealth
New York
$70.9K – – –
PA
122
Parallel Advisors
California
$70.4K +$29.9K +1,563 +74%
HNB
123
Huntington National Bank
Ohio
$50.2K +$4.04K +211 +9%
Carson Wealth (CWM LLC)
124
Carson Wealth (CWM LLC)
Nebraska
$45K +$13.3K +695 +42%
S
125
SignatureFD
Georgia
$42.2K +$24.3K +1,267 +136%
3 4
5
6 7

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.