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Zhihu Inc.

ZH
Exchange
NYSE
Industry
Services-Business Services, NEC
SEC CIK
0001835724

No open-market purchases or sales by Zhihu Inc. insiders were filed in the last 90 days; 45 institutions reported holding it in 13F filings for Q2 2026, worth $40.2M in total; no superinvestor holds it.

Other share classesZHIHF

13F holders, Q2 2026

Institutional positions in Zhihu Inc. as of Jun 30, 2026. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
45
−2 vs. Q1 2026
Shares held
12.8M
+581.3K (+4.7%) vs. Q1 2026
Total value
$40.2M
+$5.60M (+16.2%) vs. Q1 2026
New holders
2
12 more added
Sold out
4
20 more reduced

1 institution that held it in Q1 2026 haven't filed for Q2 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q1 2026: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ZH on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ2 2026: 45 institutions
Q1 2021: 57 institutionsQ2 2021: 47 institutionsQ3 2021: 54 institutionsQ4 2021: 61 institutionsQ1 2022: 45 institutionsQ2 2022: 48 institutionsQ3 2022: 45 institutionsQ4 2022: 54 institutionsQ1 2023: 58 institutionsQ2 2023: 47 institutionsQ3 2023: 46 institutionsQ4 2023: 41 institutionsQ1 2024: 37 institutionsQ2 2024: 37 institutionsQ3 2024: 47 institutionsQ4 2024: 49 institutionsQ1 2025: 58 institutionsQ2 2025: 62 institutionsQ3 2025: 55 institutionsQ4 2025: 52 institutionsQ1 2026: 48 institutionsQ2 2026: 45 institutions
Value heldQ2 2026: $40.2M
Q1 2021: $271.6MQ2 2021: $473.6MQ3 2021: $519.2MQ4 2021: $376.2MQ1 2022: $170.2MQ2 2022: $140.8MQ3 2022: $78.7MQ4 2022: $80.3MQ1 2023: $103.5MQ2 2023: $83.1MQ3 2023: $93.7MQ4 2023: $96.2MQ1 2024: $82.5MQ2 2024: $35.5MQ3 2024: $66.0MQ4 2024: $61.5MQ1 2025: $90.6MQ2 2025: $72.8MQ3 2025: $90.8MQ4 2025: $48.9MQ1 2026: $34.6MQ2 2026: $40.2M
Institutions holding ZH and their total value by quarter
QuarterHoldersValue
Q2 202645$40.2M
Q1 202648$34.6M
Q4 202552$48.9M
Q3 202555$90.8M
Q2 202562$72.8M
Q1 202558$90.6M
Q4 202449$61.5M
Q3 202447$66.0M
Q2 202437$35.5M
Q1 202437$82.5M
Q4 202341$96.2M
Q3 202346$93.7M
Q2 202347$83.1M
Q1 202358$103.5M
Q4 202254$80.3M
Q3 202245$78.7M
Q2 202248$140.8M
Q1 202245$170.2M
Q4 202161$376.2M
Q3 202154$519.2M
Q2 202147$473.6M
Q1 202157$271.6M

Institutions, Q2 2026

Shares, value and share of portfolio for each institution holding Zhihu Inc.; share changes are against Q1 2026.

Institutions holding ZH in Q2 2026
InstitutionSharesValue% of portfolioChange in sharesAction
FIL Ltd3,639,387$11.5M0.01%+1,701,677+87.8%Added
Acadian Asset Management LLC2,946,610$9.20M0.01%−288,085−8.9%Reduced
Goldman Sachs Group Inc577,573$1.81M0.00%+83,457+16.9%Added
First Beijing Investment Ltd551,048$1.72M0.07%00.0%Unchanged
E Fund Management (Hong Kong) Co., Ltd.508,019$1.59M0.53%−156,652−23.6%Reduced
E Fund Management Co., Ltd.508,019$1.59M0.04%−156,652−23.6%Reduced
Dodge & Cox501,092$1.57M0.00%+20,000+4.2%Added
State Street Corp469,155$1.47M0.00%−141,895−23.2%Reduced
UBS Group AG454,892$1.42M0.00%+7,082+1.6%Added
Maven Securities LTD400,387$1.25M0.09%−79,369−16.5%Reduced
Morgan Stanley232,938$729.1K0.00%−81,995−26.0%Reduced
Oasis Management Co Ltd.225,000$704.3K0.08%00.0%Unchanged
Harvest Fund Management Co., Ltd210,000$659.0K0.02%+210,000New
Arrowstreet Capital, Limited Partnership168,256$526.6K0.00%+18,170+12.1%Added
Jane Street Group, LLC148,150$463.7K0.00%−155,479−51.2%Reduced
XTX Topco Ltd133,210$416.9K0.01%−2,410−1.8%Reduced
Citadel Advisors LLC111,816$350.0K0.00%+70,432+170.2%Added
JPMorgan Chase & Co104,565$327.3K0.00%−9,295−8.2%Reduced
SEI Investments Co103,607$324.3K0.00%−25,595−19.8%Reduced
Two Sigma Investments, LP99,458$311.3K0.00%+85,090+592.2%Added
Russell Investments Group, Ltd.95,933$300.3K0.00%00.0%Unchanged
BNP Paribas Arbitrage, SA95,875$300.1K0.00%−22,981−19.3%Reduced
American Century Companies Inc83,097$260.1K0.00%00.0%Unchanged
New York State Common Retirement Fund68,640$214.8K0.00%00.0%Unchanged
Millennium Management LLC64,869$203.0K0.00%−48,331−42.7%Reduced
Ameriprise Financial Inc63,291$198.1K0.00%−75−0.1%Reduced
Ramsey Quantitative Systems53,846$168.5K0.15%+53,846New
Qube Research & Technologies Ltd44,716$140.0K0.00%−204,035−82.0%Reduced
Diversified Trust Co44,184$138.3K0.00%00.0%Unchanged
Marshall Wace, LLP35,750$111.9K0.00%+16,598+86.7%Added
Nomura Holdings Inc27,764$86.9K0.00%−6,800−19.7%Reduced
Invesco Ltd.26,688$83.5K0.00%−3,702−12.2%Reduced
Police & Firemen's Retirement System of New Jersey15,762$49.3K0.00%00.0%Unchanged
Susquehanna International Group, LLP11,669$36.5K0.00%−2,076−15.1%Reduced
Public Employees Retirement System of Ohio3,385$10.6K0.00%00.0%Unchanged
Tower Research Capital LLC (TRC)3,188$9.98K0.00%+2,356+283.2%Added
Rhumbline Advisers1,727$5.41K0.00%−115−6.2%Reduced
Royal Bank of Canada843$3.00K0.00%+678+410.9%Added
Citigroup Inc428$1.34K0.00%−798−65.1%Reduced
The PNC Financial Services Group, Inc.144$4510.00%+17+13.4%Added
SBI Securities Co., Ltd.105$3290.00%00.0%Unchanged
Caitong International Asset Management Co., Ltd15$470.00%+13+650.0%Added
Simplex Trading, LLC7$210.00%−219−96.9%Reduced
BlackRock, Inc.2$60.00%00.0%Unchanged
TSFG, LLC116$00.00%00.0%Unchanged
Commonwealth of Pennsylvania Public School Empls Retrmt Sys0$00.00%−140,523−100.0%Sold out
Point72 Asset Management, L.P.0$00.00%−136,831−100.0%Sold out
HRT Financial LP0$00.00%−24,144−100.0%Sold out
Advisor Group Holdings, Inc.0$00.00%−50−100.0%Sold out
Oakum Bay Capital LLC––––Not filed