ZTO Express
183 hedge funds and large institutions have $1.52B invested in ZTO Express in 2025 Q2 according to their latest regulatory filings, with 20 funds opening new positions, 55 increasing their positions, 79 reducing their positions, and 40 closing their positions.
339% more call options, than puts
Call options by funds: $144M | Put options by funds: $32.7M
6.25% less ownership
Funds ownership: 17% → 10.75% (-6.3%)
11% less funds holding
Funds holding: 206 → 183 (-23)
30% less repeat investments, than reductions
Existing positions increased: 55 | Existing positions reduced: 79
43% less capital invested
Capital invested by funds: $2.69B → $1.52B (-$1.17B)
50% less first-time investments, than exits
New positions opened: 20 | Existing positions closed: 40
64% less funds holding in top 10
Funds holding in top 10: 11 → 4 (-7)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Mackenzie Financial
Toronto Ontario,
Ontario, Canada
|
+$12.9M |
| 2 |
SP
SIH Partners
Wilmington,
Delaware
|
+$4.71M |
| 3 |
BlackRock
New York
|
+$4.65M |
| 4 |
Citadel Advisors
Miami,
Florida
|
+$4.57M |
| 5 |
VFO
Virtus Family Office
El Paso,
Texas
|
+$3.07M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PIM
Platinum Investment Management
Sydney Australia 2000,
Australia
|
-$139M |
| 2 |
GAMH
Greenwoods Asset Management (HK)
Hong Kong
|
-$130M |
| 3 |
Invesco
Atlanta,
Georgia
|
-$74.5M |
| 4 |
GCCM
Green Court Capital Management
Hong Kong
|
-$71.8M |
| 5 |
Morgan Stanley
New York
|
-$64.9M |
ZTO Hedge Fund Activity: Q2 2025 in Review
183 of the 7,613 institutional investors tracked by Wall St. Rank reported a position in ZTO Express (ZTO) for Q2 2025, worth a combined $1.52B — down 43% from $2.69B a quarter earlier.
Sellers outnumbered buyers: 40 funds closed out of ZTO and 20 opened new positions — a net loss of 20 holders — while 79 trimmed existing stakes and 55 added.
The largest buyer was Mackenzie Financial, opening a new position worth an estimated $12.9M. The largest seller was Platinum Investment Management, cutting an estimated $139M.
- 183 institutional investors held ZTO Express (ZTO) as of Q2 2025, down from 206 in Q1 2025.
- Funds reported $1.52B of ZTO Express stock for Q2 2025, down 43% quarter-over-quarter.
- 20 funds opened new ZTO Express positions in Q2 2025 and 40 closed out, a net change of -20 holders.
- The largest ZTO Express buyer in Q2 2025 was Mackenzie Financial, an estimated $12.9M added.
- The largest ZTO Express seller in Q2 2025 was Platinum Investment Management, an estimated $139M sold.
Based on aggregated 13F filings for Q2 2025.