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 |
|---|---|---|---|---|---|
| Bessemer Group Inc | 71 | $0 | 0.00% | +71 | New |
| SBI Securities Co., Ltd. | 189 | $958 | 0.00% | 00.0% | Unchanged |
| TSFG, LLC | 116 | $1.00K | 0.00% | 00.0% | Unchanged |
| EverSource Wealth Advisors, LLC | 257 | $1.30K | 0.00% | 00.0% | Unchanged |
| Bell Investment Advisors, Inc | 416 | $2.11K | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 506 | $2.56K | 0.00% | −130,606−99.6% | Reduced |
| Legal & General Group Plc | 606 | $3.07K | 0.00% | 00.0% | Unchanged |
| Cedar Wealth Management, LLC | 2,483 | $12.6K | 0.00% | 00.0% | Unchanged |
| Rhumbline Advisers | 2,820 | $14.3K | 0.00% | −66−2.3% | Reduced |
| Tower Research Capital LLC (TRC) | 3,285 | $16.7K | 0.00% | +2,885+721.3% | Added |
| Point72 Asia (Singapore) Pte. Ltd. | 3,887 | $19.7K | 0.00% | −1,952−33.4% | Reduced |
| Simplex Trading, LLC | 17,947 | $90.0K | 0.00% | −17,635−49.6% | Reduced |
| Two Sigma Advisers, LP | 18,817 | $95.4K | 0.00% | +5,551+41.8% | Added |
| Qube Research & Technologies Ltd | 27,843 | $141.2K | 0.00% | +27,843 | New |
| Russell Investments Group, Ltd. | 28,805 | $149.2K | 0.00% | 00.0% | Unchanged |
| Invesco Ltd. | 32,041 | $162.4K | 0.00% | −1,912−5.6% | Reduced |
| Citigroup Inc | 35,460 | $179.8K | 0.00% | +4,344+14.0% | Added |
| Ameriprise Financial Inc | 36,088 | $183.0K | 0.00% | +11,082+44.3% | Added |
| Millennium Management LLC | 43,857 | $222.4K | 0.00% | −256,833−85.4% | Reduced |
| Diversified Trust Co | 44,184 | $224.0K | 0.00% | −1,555−3.4% | Reduced |
| Cubist Systematic Strategies, LLC | 47,808 | $242.4K | 0.00% | −52,134−52.2% | Reduced |
| New York State Common Retirement Fund | 52,144 | $264.4K | 0.00% | 00.0% | Unchanged |
| Group One Trading, L.P. | 55,344 | $280.6K | 0.01% | −24,810−31.0% | Reduced |
| Campbell & CO Investment Adviser LLC | 55,892 | $283.4K | 0.02% | +55,892 | New |
| SEI Investments Co | 57,617 | $292.1K | 0.00% | 00.0% | Unchanged |
| HSBC Holdings PLC | 59,812 | $305.6K | 0.00% | −5,327−8.2% | Reduced |
| BlackRock, Inc. | 61,855 | $313.6K | 0.00% | +673+1.1% | Added |
| JPMorgan Chase & Co | 69,582 | $352.8K | 0.00% | −62,803−47.4% | Reduced |
| California Public Employees Retirement System | 72,220 | $366.2K | 0.00% | −5,630−7.2% | Reduced |
| BNP Paribas Arbitrage, SA | 74,393 | $377.2K | 0.00% | −2,938−3.8% | Reduced |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 79,558 | $403.4K | 0.01% | +36,351+84.1% | Added |
| American Century Companies Inc | 82,446 | $418.0K | 0.00% | +19,945+31.9% | Added |
| National Bank of Canada | 84,400 | $427.9K | 0.00% | −10.0% | Reduced |
| Renaissance Technologies LLC | 86,288 | $437.5K | 0.00% | 00.0% | Unchanged |
| Nomura Holdings Inc | 112,464 | $570.2K | 0.00% | 00.0% | Unchanged |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 140,523 | $712.5K | 0.00% | 00.0% | Unchanged |
| Susquehanna International Group, LLP | 146,463 | $742.6K | 0.00% | −102,209−41.1% | Reduced |
| Capitolis Liquid Global Markets LLC | 148,500 | $752.9K | 0.01% | +148,500 | New |
| Gsa Capital Partners LLP | 152,299 | $772.0K | 0.06% | +93,437+158.7% | Added |
| Public Employees Retirement System of Ohio | 190,049 | $963.5K | 0.00% | 00.0% | Unchanged |
| Jane Street Group, LLC | 210,257 | $1.07M | 0.00% | −40,080−16.0% | Reduced |
| Oasis Management Co Ltd. | 225,000 | $1.14M | 0.20% | +225,000 | New |
| E Fund Management (Hong Kong) Co., Ltd. | 233,379 | $1.18M | 0.72% | +37,916+19.4% | Added |
| Dodge & Cox | 276,897 | $1.40M | 0.00% | +276,897 | New |
| Marshall Wace, LLP | 282,968 | $1.43M | 0.00% | +77,580+37.8% | Added |
| Maven Securities LTD | 290,977 | $1.48M | 0.28% | +290,977 | New |
| UBS Group AG | 536,230 | $2.72M | 0.00% | +504,863+1,609.5% | Added |
| State Street Corp | 624,617 | $3.17M | 0.00% | +222,521+55.3% | Added |
| Goldman Sachs Group Inc | 641,043 | $3.25M | 0.00% | +455,798+246.1% | Added |
| Arrowstreet Capital, Limited Partnership | 1,090,673 | $5.53M | 0.00% | 00.0% | Unchanged |
| Morgan Stanley | 1,157,273 | $5.87M | 0.00% | +491,379+73.8% | Added |
| Vanguard Group Inc | 1,877,450 | $9.52M | 0.00% | +44,226+2.4% | Added |
| FIL Ltd | 1,933,348 | $10.0M | 0.01% | +1,442,480+293.9% | Added |
| Matthews International Capital Management LLC | 2,898,565 | $14.7M | 3.42% | −676,073−18.9% | Reduced |
| Acadian Asset Management LLC | 3,402,032 | $17.2M | 0.03% | −13,918−0.4% | Reduced |
| 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 |