ZTO Express
209 hedge funds and large institutions have $6.61B invested in ZTO Express in 2021 Q3 according to their latest regulatory filings, with 23 funds opening new positions, 74 increasing their positions, 79 reducing their positions, and 39 closing their positions.
21% more funds holding in top 10
Funds holding in top 10: 14 → 17 (+3)
3% less call options, than puts
Call options by funds: $54.1M | Put options by funds: $55.5M
6% less repeat investments, than reductions
Existing positions increased: 74 | Existing positions reduced: 79
3.95% less ownership
Funds ownership: 38.66% → 34.71% (-4%)
9% less funds holding
Funds holding: 230 → 209 (-21)
9% less capital invested
Capital invested by funds: $7.28B → $6.61B (-$676M)
41% less first-time investments, than exits
New positions opened: 23 | Existing positions closed: 39
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
AMH
Aspex Management (HK)
Central,
Hong Kong
|
+$168M |
| 2 |
TPC
Tiger Pacific Capital
New York
|
+$66.1M |
| 3 |
OCM
OLP Capital Management
Causeway Bay,
Hong Kong
|
+$47.4M |
| 4 |
SC
Serenity Capital
Palo Alto,
California
|
+$43.1M |
| 5 |
HLAM
Hidden Lake Asset Management
New York
|
+$33.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WP
Warburg Pincus
New York
|
-$204M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
-$139M |
| 3 |
PCM
Prime Capital Management
Hong Kong
|
-$116M |
| 4 |
GAMH
Greenwoods Asset Management (HK)
Hong Kong
|
-$90.8M |
| 5 |
Citigroup
New York
|
-$87.8M |
ZTO Hedge Fund Activity: Q3 2021 in Review
209 of the 5,728 institutional investors tracked by Wall St. Rank reported a position in ZTO Express (ZTO) for Q3 2021, worth a combined $6.61B — down 9.3% from $7.28B a quarter earlier.
Sellers outnumbered buyers: 39 funds closed out of ZTO and 23 opened new positions — a net loss of 16 holders — while 79 trimmed existing stakes and 74 added.
The largest buyer was Aspex Management (HK), opening a new position worth an estimated $168M. The largest seller was Warburg Pincus, cutting an estimated $204M.
- 209 institutional investors held ZTO Express (ZTO) as of Q3 2021, down from 230 in Q2 2021.
- Funds reported $6.61B of ZTO Express stock for Q3 2021, down 9.3% quarter-over-quarter.
- 23 funds opened new ZTO Express positions in Q3 2021 and 39 closed out, a net change of -16 holders.
- The largest ZTO Express buyer in Q3 2021 was Aspex Management (HK), an estimated $168M added.
- The largest ZTO Express seller in Q3 2021 was Warburg Pincus, an estimated $204M sold.
Based on aggregated 13F filings for Q3 2021.