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, Q3 2025
Institutional positions in Zhihu Inc. as of Sep 30, 2025. 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
- 55
- −5 vs. Q2 2025
- Shares held
- 17.8M
- +1.21M (+7.3%) vs. Q2 2025
- Total value
- $90.5M
- +$24.5M (+37.0%) vs. Q2 2025
- New holders
- 7
- 16 more added
- Sold out
- 12
- 18 more reduced
2 institutions that held it in Q2 2025 haven't filed for Q3 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q2 2025: 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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 45 | $40.2M |
| Q1 2026 | 48 | $34.6M |
| Q4 2025 | 52 | $48.8M |
| Q3 2025 | 55 | $90.5M |
| Q2 2025 | 62 | $72.8M |
| Q1 2025 | 58 | $90.6M |
| Q4 2024 | 49 | $61.5M |
| Q3 2024 | 47 | $65.8M |
| Q2 2024 | 37 | $35.4M |
| Q1 2024 | 37 | $74.3M |
| Q4 2023 | 41 | $88.3M |
| Q3 2023 | 46 | $93.7M |
| Q2 2023 | 47 | $83.1M |
| Q1 2023 | 58 | $103.5M |
| Q4 2022 | 54 | $80.3M |
| Q3 2022 | 45 | $78.6M |
| Q2 2022 | 48 | $140.8M |
| Q1 2022 | 45 | $170.2M |
| Q4 2021 | 61 | $352.5M |
| Q3 2021 | 54 | $519.2M |
| Q2 2021 | 47 | $420.0M |
| Q1 2021 | 57 | $271.6M |
Institutions, Q3 2025
Shares, value and share of portfolio for each institution holding Zhihu Inc.; share changes are against Q2 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Acadian Asset Management LLC | 3,402,032 | $17.2M | 0.03% | −13,918−0.4% | Reduced |
| Matthews International Capital Management LLC | 2,898,565 | $14.7M | 3.42% | −676,073−18.9% | Reduced |
| FIL Ltd | 1,933,348 | $10.0M | 0.01% | +1,442,480+293.9% | Added |
| Vanguard Group Inc | 1,877,450 | $9.52M | 0.00% | +44,226+2.4% | Added |
| Morgan Stanley | 1,157,273 | $5.87M | 0.00% | +491,379+73.8% | Added |
| Arrowstreet Capital, Limited Partnership | 1,090,673 | $5.53M | 0.00% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 641,043 | $3.25M | 0.00% | +455,798+246.1% | Added |
| State Street Corp | 624,617 | $3.17M | 0.00% | +222,521+55.3% | Added |
| UBS Group AG | 536,230 | $2.72M | 0.00% | +504,863+1,609.5% | Added |
| Maven Securities LTD | 290,977 | $1.48M | 0.28% | +290,977 | New |
| Marshall Wace, LLP | 282,968 | $1.43M | 0.00% | +77,580+37.8% | Added |
| Dodge & Cox | 276,897 | $1.40M | 0.00% | +276,897 | New |
| E Fund Management (Hong Kong) Co., Ltd. | 233,379 | $1.18M | 0.72% | +37,916+19.4% | Added |
| Oasis Management Co Ltd. | 225,000 | $1.14M | 0.20% | +225,000 | New |
| Jane Street Group, LLC | 210,257 | $1.07M | 0.00% | −40,080−16.0% | Reduced |
| Public Employees Retirement System of Ohio | 190,049 | $963.5K | 0.00% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 152,299 | $772.0K | 0.06% | +93,437+158.7% | Added |
| Capitolis Liquid Global Markets LLC | 148,500 | $752.9K | 0.01% | +148,500 | New |
| Susquehanna International Group, LLP | 146,463 | $742.6K | 0.00% | −102,209−41.1% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 140,523 | $712.5K | 0.00% | 00.0% | Unchanged |
| Nomura Holdings Inc | 112,464 | $570.2K | 0.00% | 00.0% | Unchanged |
| Renaissance Technologies LLC | 86,288 | $437.5K | 0.00% | 00.0% | Unchanged |
| National Bank of Canada | 84,400 | $427.9K | 0.00% | −10.0% | Reduced |
| American Century Companies Inc | 82,446 | $418.0K | 0.00% | +19,945+31.9% | Added |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 79,558 | $403.4K | 0.01% | +36,351+84.1% | Added |
| BNP Paribas Arbitrage, SA | 74,393 | $377.2K | 0.00% | −2,938−3.8% | Reduced |
| California Public Employees Retirement System | 72,220 | $366.2K | 0.00% | −5,630−7.2% | Reduced |
| JPMorgan Chase & Co | 69,582 | $352.8K | 0.00% | −62,803−47.4% | Reduced |
| BlackRock, Inc. | 61,855 | $313.6K | 0.00% | +673+1.1% | Added |
| HSBC Holdings PLC | 59,812 | $305.6K | 0.00% | −5,327−8.2% | Reduced |
| SEI Investments Co | 57,617 | $292.1K | 0.00% | 00.0% | Unchanged |
| Campbell & CO Investment Adviser LLC | 55,892 | $283.4K | 0.02% | +55,892 | New |
| Group One Trading, L.P. | 55,344 | $280.6K | 0.01% | −24,810−31.0% | Reduced |
| New York State Common Retirement Fund | 52,144 | $264.4K | 0.00% | 00.0% | Unchanged |
| Cubist Systematic Strategies, LLC | 47,808 | $242.4K | 0.00% | −52,134−52.2% | Reduced |
| Diversified Trust Co | 44,184 | $224.0K | 0.00% | −1,555−3.4% | Reduced |
| Millennium Management LLC | 43,857 | $222.4K | 0.00% | −256,833−85.4% | Reduced |
| Ameriprise Financial Inc | 36,088 | $183.0K | 0.00% | +11,082+44.3% | Added |
| Citigroup Inc | 35,460 | $179.8K | 0.00% | +4,344+14.0% | Added |
| Invesco Ltd. | 32,041 | $162.4K | 0.00% | −1,912−5.6% | Reduced |
| Russell Investments Group, Ltd. | 28,805 | $149.2K | 0.00% | 00.0% | Unchanged |
| Qube Research & Technologies Ltd | 27,843 | $141.2K | 0.00% | +27,843 | New |
| Two Sigma Advisers, LP | 18,817 | $95.4K | 0.00% | +5,551+41.8% | Added |
| Simplex Trading, LLC | 17,947 | $90.0K | 0.00% | −17,635−49.6% | Reduced |
| Point72 Asia (Singapore) Pte. Ltd. | 3,887 | $19.7K | 0.00% | −1,952−33.4% | Reduced |
| Tower Research Capital LLC (TRC) | 3,285 | $16.7K | 0.00% | +2,885+721.3% | Added |
| Rhumbline Advisers | 2,820 | $14.3K | 0.00% | −66−2.3% | Reduced |
| Cedar Wealth Management, LLC | 2,483 | $12.6K | 0.00% | 00.0% | Unchanged |
| Legal & General Group Plc | 606 | $3.07K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 506 | $2.56K | 0.00% | −130,606−99.6% | Reduced |
| Bell Investment Advisors, Inc | 416 | $2.11K | 0.00% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 257 | $1.30K | 0.00% | 00.0% | Unchanged |
| TSFG, LLC | 116 | $1.00K | 0.00% | 00.0% | Unchanged |
| SBI Securities Co., Ltd. | 189 | $958 | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 71 | $0 | 0.00% | +71 | New |
| MY.Alpha Management HK Advisors Ltd | 0 | $0 | 0.00% | −1,363,455−100.0% | Sold out |
| Walleye Capital LLC | 0 | $0 | 0.00% | −128,549−100.0% | Sold out |
| Citadel Advisors LLC | 0 | $0 | 0.00% | −107,381−100.0% | Sold out |
| Dymon Asia Capital (Singapore) Pte. Ltd. | 0 | $0 | 0.00% | −82,700−100.0% | Sold out |
| Mackenzie Financial Corp | 0 | $0 | 0.00% | −69,095−100.0% | Sold out |
| Y-Intercept (Hong Kong) Ltd | 0 | $0 | 0.00% | −42,431−100.0% | Sold out |
| XTX Topco Ltd | 0 | $0 | 0.00% | −38,435−100.0% | Sold out |
| Quadrature Capital Ltd | 0 | $0 | 0.00% | −21,108−100.0% | Sold out |
| Wolverine Trading, LLC | 0 | $0 | 0.00% | −11,057−100.0% | Sold out |
| Point72 (DIFC) Ltd | 0 | $0 | 0.00% | −1,900−100.0% | Sold out |
| Caitong International Asset Management Co., Ltd | 0 | $0 | 0.00% | −1,847−100.0% | Sold out |
| Ridgewood Investments LLC | 0 | $0 | 0.00% | −666−100.0% | Sold out |
| Norges Bank | – | – | – | – | Not filed |
| E Fund Management Co., Ltd. | – | – | – | – | Not filed |