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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
Wells Fargo
126
Wells Fargo
California
$41.2K -$388K -20,245 -90%
FHC
127
First Horizon Corporation
Tennessee
$40.2K +$40K +2,092 New
SAM
128
Smartleaf Asset Management
Massachusetts
$39.5K – – –
Osaic Holdings
129
Osaic Holdings
Arizona
$32.1K +$5.88K +307 +22%
LSA
130
Leonteq Securities AG
Switzerland
$26.8K +$23.1K +1,204 +627%
AF
131
Allworth Financial
California
$25.8K +$3.98K +208 +18%
RhumbLine Advisers
132
RhumbLine Advisers
Massachusetts
$24.1K -$22.2K -1,158 -48%
LFG
133
Larson Financial Group
Missouri
$21.8K +$9.29K +485 +75%
BBHC
134
Brown Brothers Harriman & Co
New York
$21K +$19.1K +996 +1,016%
PB
135
Pinnacle Bancorp
Nebraska
$17.2K – – –
UB
136
UMB Bank
Missouri
$14K -$4.82K -252 -26%
BTI
137
Blue Trust Inc
Georgia
$13.9K -$3.45K -180 -20%
Optiver Holding
138
Optiver Holding
Netherlands
$12.2K – – –
FDCDDQ
139
Federation des caisses Desjardins du Quebec
Quebec, Canada
$6.91K – – –
SWM
140
Spire Wealth Management
Virginia
$6.72K – – –
FFA
141
Farther Finance Advisors
California
$6.58K +$2.58K +135 +65%
CIBC Private Wealth Group
142
CIBC Private Wealth Group
Georgia
$5.66K -$1.55K -81 -22%
CT
143
Clearstead Trust
Maine
$5.34K – – –
Jones Financial Companies
144
Jones Financial Companies
Missouri
$4.19K +$4.15K +217 New
Bessemer Group
145
Bessemer Group
New Jersey
$4K +$3.87K +202 New
Northwestern Mutual Wealth Management
146
Northwestern Mutual Wealth Management
Wisconsin
$3.97K – – –
WANY
147
Wealthspire Advisors (New York)
New York
$3.86K +$3.85K +201 New
ASN
148
Advisory Services Network
Georgia
$3.42K +$3.41K +178 New
CA
149
Crewe Advisors
Utah
$2.86K +$2.85K +149 New
JWA
150
JFS Wealth Advisors
Pennsylvania
$2.8K +$785 +41 +39%
4 5
6
7 8

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.