ZH Zhihu Inc.
Zhihu Inc. (ZH) Institutional Ownership
What the institutions did with ZH last quarter, from their 13F filings. Counting managers rather than shares is the point: a single index fund adding to a position tells you far less than four hundred separate managers all deciding to. Positions as reported for the quarter ended June 30, 2026.
Every manager below opens. Subscribers can see any firm's whole portfolio — every position, its weight, and what they bought, trimmed and exited last quarter.
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Each block is one manager, sized by shares held and colored by how much they moved the position last quarter. Green added, red cut, grey stood pat.
Largest holders
| Manager | Shares | % of reported |
|---|---|---|
| FIL Ltd | 3.6M | 28.4% |
| ACADIAN ASSET MANAGEMENT LLC | 2.9M | 23.0% |
| GOLDMAN SACHS GROUP INC | 577.6K | 4.5% |
| First Beijing Investment Ltd | 551.0K | 4.3% |
| E Fund Management (Hong Kong) Co., Ltd. | 508.0K | 4.0% |
| E Fund Management Co., Ltd. | 508.0K | 4.0% |
| Dodge & Cox | 501.1K | 3.9% |
| STATE STREET CORP | 469.2K | 3.7% |
| UBS Group AG | 454.9K | 3.5% |
| Maven Securities LTD | 400.4K | 3.1% |
| MORGAN STANLEY | 232.9K | 1.8% |
| Oasis Management Co Ltd. | 225.0K | 1.8% |
| Harvest Fund Management Co., Ltd | 210.0K | 1.6% |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 168.3K | 1.3% |
| JANE STREET GROUP, LLC | 148.2K | 1.2% |
| XTX Topco Ltd | 133.2K | 1.0% |
| CITADEL ADVISORS LLC | 111.8K | 0.9% |
| JPMORGAN CHASE & CO | 104.6K | 0.8% |
| SEI INVESTMENTS CO | 103.6K | 0.8% |
| TWO SIGMA INVESTMENTS, LP | 99.5K | 0.8% |
| Russell Investments Group, Ltd. | 95.9K | 0.7% |
| BNP PARIBAS FINANCIAL MARKETS | 95.9K | 0.7% |
| AMERICAN CENTURY COMPANIES INC | 83.1K | 0.6% |
| NEW YORK STATE COMMON RETIREMENT FUND | 68.6K | 0.5% |
| MILLENNIUM MANAGEMENT LLC | 64.9K | 0.5% |
Largest changes
| Manager | Action | Previous | Current | Change |
|---|---|---|---|---|
| FIL Ltd | Increased | 1.9M | 3.6M | +1.7M |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | 3.2M | 2.9M | -288.1K |
| Harvest Fund Management Co., Ltd | New | 0 | 210.0K | +210.0K |
| Qube Research & Technologies Ltd | Reduced | 248.8K | 44.7K | -204.0K |
| E Fund Management (Hong Kong) Co., Ltd. | Reduced | 664.7K | 508.0K | -156.7K |
| E Fund Management Co., Ltd. | Reduced | 664.7K | 508.0K | -156.7K |
| JANE STREET GROUP, LLC | Reduced | 303.6K | 148.2K | -155.5K |
| STATE STREET CORP | Reduced | 611.1K | 469.2K | -141.9K |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | Sold Out | 140.5K | 0 | -140.5K |
| Point72 Asset Management, L.P. | Sold Out | 136.8K | 0 | -136.8K |
| TWO SIGMA INVESTMENTS, LP | Increased | 14.4K | 99.5K | +85.1K |
| GOLDMAN SACHS GROUP INC | Increased | 494.1K | 577.6K | +83.5K |
| MORGAN STANLEY | Reduced | 314.9K | 232.9K | -82.0K |
| Maven Securities LTD | Reduced | 479.8K | 400.4K | -79.4K |
| CITADEL ADVISORS LLC | Increased | 41.4K | 111.8K | +70.4K |
| RAMSEY QUANTITATIVE SYSTEMS | New | 0 | 53.8K | +53.8K |
| MILLENNIUM MANAGEMENT LLC | Reduced | 113.2K | 64.9K | -48.3K |
| SEI INVESTMENTS CO | Reduced | 129.2K | 103.6K | -25.6K |
| HRT FINANCIAL LP | Sold Out | 24.1K | 0 | -24.1K |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | 118.9K | 95.9K | -23.0K |
| Dodge & Cox | Increased | 481.1K | 501.1K | +20.0K |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Increased | 150.1K | 168.3K | +18.2K |
| MARSHALL WACE, LLP | Increased | 19.2K | 35.8K | +16.6K |
| JPMORGAN CHASE & CO | Reduced | 113.9K | 104.6K | -9.3K |
| UBS Group AG | Increased | 447.8K | 454.9K | +7.1K |
| NOMURA HOLDINGS INC | Reduced | 34.6K | 27.8K | -6.8K |
| Invesco Ltd. | Reduced | 30.4K | 26.7K | -3.7K |
| XTX Topco Ltd | Reduced | 135.6K | 133.2K | -2.4K |
| Tower Research Capital LLC (TRC) | Increased | 832 | 3.2K | +2.4K |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | 13.7K | 11.7K | -2.1K |
| CITIGROUP INC | Reduced | 1.2K | 428 | -798 |
| ROYAL BANK OF CANADA | Increased | 165 | 843 | +678 |
| SIMPLEX TRADING, LLC | Reduced | 226 | 7 | -219 |
| RHUMBLINE ADVISERS | Reduced | 1.8K | 1.7K | -115 |
| AMERIPRISE FINANCIAL INC | Reduced | 63.4K | 63.3K | -75 |
| OSAIC HOLDINGS, INC. | Sold Out | 50 | 0 | -50 |
| PNC FINANCIAL SERVICES GROUP, INC. | Increased | 127 | 144 | +17 |
| Caitong International Asset Management Co., Ltd | Increased | 2 | 15 | +13 |
13F filings are due 45 days after quarter end and cover long positions in U.S.-listed equities only, so this is a lagged and partial picture: shorts, bonds and foreign listings never appear. Options positions are excluded here rather than folded into the share counts. Political ownership is coming.