Who Owns Zhihu Inc. (ZH)?Hedge Fund & Institutional Holders
Institutional Holders
50
as of Q4 2025
Total Institutional Value
$7.777000600000014e+128T
% of Float Held
—
QoQ Change in Holders
+15 / -5
Price History
ZH — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC | New Position | +2.4M | +$7.8B |
| Diversified Trust Co | New Position | +44K | +$144.0M |
| E Fund Management (Hong Kong) Co., Ltd. | New Position | +519K | +$1.0M |
| Oakum Bay Capital LLC | New Position | +2K | +$7K |
| NEW YORK STATE COMMON RETIREMENT FUND | New Position | +52K | +$0 |
| XTX Topco Ltd | New Position | +87K | +$0 |
| BESSEMER GROUP INC | New Position | +71 | +$0 |
| PNC FINANCIAL SERVICES GROUP, INC. | New Position | +113 | +$0 |
| ROYAL BANK OF CANADA | New Position | +265 | +$0 |
| Point72 Asset Management, L.P. | New Position | +18K | +$0 |
| SBI Securities Co., Ltd. | New Position | +105 | +$0 |
| Campbell & CO Investment Adviser LLC | New Position | +13K | +$0 |
| TWO SIGMA INVESTMENTS, LP | New Position | +15K | +$0 |
| NORGES BANK | New Position | +245K | +$0 |
| TSFG, LLC | New Position | +116 | +$0 |
ZH — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Decreased | -591K | -$4.5B |
| GOLDMAN SACHS GROUP INC | Decreased | -490K | -$3.3B |
| MARSHALL WACE, LLP | Decreased | -252K | -$1.4B |
| UBS Group AG | Decreased | -100K | -$1.3B |
| JANE STREET GROUP, LLC | Decreased | -101K | -$1.1B |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO | Decreased | -187K | -$963.5M |
| Capitolis Liquid Global Markets LLC | Closed Position | -149K | -$752.9M |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Decreased | -131K | -$742.6M |
| NOMURA HOLDINGS INC | Decreased | -78K | -$570.2M |
| RENAISSANCE TECHNOLOGIES LLC | Closed Position | -86K | -$437.5M |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | Closed Position | -80K | -$403.4M |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | Decreased | -81 | -$366.2M |
| GROUP ONE TRADING LLC | Closed Position | -55K | -$280.6M |
| Cubist Systematic Strategies, LLC | Closed Position | -48K | -$242.4M |
| HSBC HOLDINGS PLC | Decreased | -39K | -$237.6M |
Top Institutional Holders(Q4 2025)
ZH Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 52 | $17.5B | +5 |
| Q3 2025 | 47 | $35.0B | -3 |
| Q2 2025 | 50 | $28.1B | -6 |
| Q1 2025 | 56 | $55.5B | +9 |
| Q4 2024 | 47 | $20.0B | +6 |
| Q3 2024 | 41 | $701.9B | +9 |
| Q2 2024 | 32 | $300.7B | -6 |
| Q1 2024 | 38 | $45.5B | — |
Similar Stocks by Institutional Ownership
As of Q4 2025, 50 institutional investors hold ZH (Zhihu Inc.). The largest holder is MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC with $7.8B in shares. This quarter, 15 institutions opened new positions and 5 closed their positions.
Frequently Asked Questions
How many hedge funds own ZH?
As of Q4 2025, 50 institutional investors report holding ZH (Zhihu Inc.) in their 13F filings.
Who is the largest institutional holder of ZH?
The largest institutional holder of ZH is MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC with $7.8B in shares.
Is institutional ownership of ZH increasing or decreasing?
This quarter, 15 institutions opened new positions in ZH and 5 closed their positions.