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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
SS
151
SBI Securities
Japan
$2.53K -$1.97K -103 -44%
AssetMark Inc
152
AssetMark Inc
California
$2.52K +$1.9K +99 +309%
BIA
153
Bell Investment Advisors
California
$2.34K +$268 +14 +13%
PWA
154
Physician Wealth Advisors
Utah
$2.17K +$708 +37 +49%
TWD
155
True Wealth Design
Ohio
$1.82K +$1.82K +95 New
PG
156
Proffitt & Goodson
Tennessee
$1.63K +$1.63K +85 New
HWP
157
Highline Wealth Partners
California
$1.48K -$861 -45 -37%
MCM
158
MAI Capital Management
Ohio
$1.19K -$5.74K -300 -83%
AAS
159
Ameritas Advisory Services
Nebraska
$1.17K – – –
NSIM
160
North Star Investment Management
Illinois
$1.17K +$1.17K +61 New
TWC
161
TD Waterhouse Canada
Ontario, Canada
$1.17K – – –
HWM
162
Hemington Wealth Management
Virginia
$1K – – –
WTA
163
Washington Trust Advisors
Massachusetts
$953 +$957 +50 New
NS
164
NBC Securities
Alabama
$902 +$900 +47 New
LI
165
LRI Investments
Florida
$885 -$3.81K -199 -81%
PS
166
Principal Securities
Iowa
$864 -$19 -1 -2%
Rockefeller Capital Management
167
Rockefeller Capital Management
New York
$806 +$804 +42 New
AWM
168
Abound Wealth Management
Tennessee
$135 – – –
RS
169
Rakuten Securities
Japan
$58 – – –
RF
170
Rossby Financial
Florida
$38 +$38 +2 New
T. Rowe Price Associates
171
T. Rowe Price Associates
Maryland
– -$59.2M -3,336,822 Closed
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
172
Healthcare of Ontario Pension Plan (HOOPP) Trust Fund
Ontario, Canada
– -$30.4M -1,714,900 Closed
Canada Pension Plan Investment Board
173
Canada Pension Plan Investment Board
Ontario, Canada
– -$12.5M -703,100 Closed
HA
174
HHLR Advisors
Cayman Islands
– -$11.9M -671,387 Closed
Marshall Wace
175
Marshall Wace
United Kingdom
– -$8.32M -468,489 Closed
5 6
7
8 9

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.