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, Q4 2025
Institutional positions in Zhihu Inc. as of Dec 31, 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
- 52
- −1 vs. Q3 2025
- Shares held
- 14.9M
- −2.91M (−16.4%) vs. Q3 2025
- Total value
- $48.8M
- −$41.4M (−45.9%) vs. Q3 2025
- New holders
- 7
- 10 more added
- Sold out
- 8
- 27 more reduced
2 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.
Compare with Q3 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, Q4 2025
Shares, value and share of portfolio for each institution holding Zhihu Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Acadian Asset Management LLC | 3,212,733 | $10.5M | 0.02% | −189,299−5.6% | Reduced |
| Matthews International Capital Management LLC | 2,371,187 | $7.78M | 2.36% | −527,378−18.2% | Reduced |
| FIL Ltd | 1,952,393 | $6.36M | 0.00% | +19,045+1.0% | Added |
| Vanguard Group Inc | 1,803,704 | $5.92M | 0.00% | −73,746−3.9% | Reduced |
| State Street Corp | 887,258 | $2.91M | 0.00% | +262,641+42.0% | Added |
| E Fund Management (Hong Kong) Co., Ltd. | 518,652 | $1.85M | 0.77% | +285,273+122.2% | Added |
| Arrowstreet Capital, Limited Partnership | 499,281 | $1.64M | 0.00% | −591,392−54.2% | Reduced |
| Maven Securities LTD | 466,008 | $1.53M | 0.19% | +175,031+60.2% | Added |
| UBS Group AG | 436,334 | $1.43M | 0.00% | −99,896−18.6% | Reduced |
| Morgan Stanley | 415,396 | $1.36M | 0.00% | −741,877−64.1% | Reduced |
| Dodge & Cox | 319,164 | $1.05M | 0.00% | +42,267+15.3% | Added |
| Norges Bank | 244,633 | $802.4K | 0.00% | +244,633 | New |
| Oasis Management Co Ltd. | 225,000 | $738.0K | 0.10% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 150,806 | $494.6K | 0.00% | −490,237−76.5% | Reduced |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 140,523 | $460.9K | 0.00% | 00.0% | Unchanged |
| JPMorgan Chase & Co | 125,387 | $411.3K | 0.00% | +55,805+80.2% | Added |
| Jane Street Group, LLC | 109,469 | $359.1K | 0.00% | −100,788−47.9% | Reduced |
| BNP Paribas Arbitrage, SA | 98,356 | $322.6K | 0.00% | +23,963+32.2% | Added |
| XTX Topco Ltd | 87,356 | $286.5K | 0.01% | +87,356 | New |
| American Century Companies Inc | 82,517 | $270.7K | 0.00% | +71+0.1% | Added |
| California Public Employees Retirement System | 72,139 | $236.6K | 0.00% | −81−0.1% | Reduced |
| Qube Research & Technologies Ltd | 65,802 | $215.8K | 0.00% | +37,959+136.3% | Added |
| Ameriprise Financial Inc | 63,401 | $208.0K | 0.00% | +27,313+75.7% | Added |
| SEI Investments Co | 57,617 | $189.0K | 0.00% | 00.0% | Unchanged |
| New York State Common Retirement Fund | 52,144 | $171.0K | 0.00% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 44,878 | $147.0K | 0.01% | −107,421−70.5% | Reduced |
| Diversified Trust Co | 44,184 | $144.9K | 0.00% | 00.0% | Unchanged |
| Citigroup Inc | 35,459 | $116.3K | 0.00% | −10.0% | Reduced |
| BlackRock, Inc. | 35,072 | $115.0K | 0.00% | −26,783−43.3% | Reduced |
| Nomura Holdings Inc | 34,564 | $113.4K | 0.00% | −77,900−69.3% | Reduced |
| Marshall Wace, LLP | 31,300 | $102.7K | 0.00% | −251,668−88.9% | Reduced |
| Invesco Ltd. | 31,234 | $102.4K | 0.00% | −807−2.5% | Reduced |
| HSBC Holdings PLC | 21,033 | $69.0K | 0.00% | −38,779−64.8% | Reduced |
| Russell Investments Group, Ltd. | 18,420 | $60.8K | 0.00% | −10,385−36.1% | Reduced |
| Point72 Asset Management, L.P. | 17,877 | $58.6K | 0.00% | +17,877 | New |
| Two Sigma Advisers, LP | 15,651 | $51.3K | 0.00% | −3,166−16.8% | Reduced |
| Susquehanna International Group, LLP | 15,240 | $50.0K | 0.00% | −131,223−89.6% | Reduced |
| Two Sigma Investments, LP | 15,100 | $49.5K | 0.00% | +15,100 | New |
| Campbell & CO Investment Adviser LLC | 12,839 | $42.1K | 0.00% | −43,053−77.0% | Reduced |
| Simplex Trading, LLC | 10,728 | $35.2K | 0.00% | −7,219−40.2% | Reduced |
| Public Employees Retirement System of Ohio | 3,385 | $11.1K | 0.00% | −186,664−98.2% | Reduced |
| Rhumbline Advisers | 2,592 | $8.50K | 0.00% | −228−8.1% | Reduced |
| Oakum Bay Capital LLC | 2,426 | $7.96K | 0.00% | +2,426 | New |
| Cedar Wealth Management, LLC | 1,954 | $6.41K | 0.00% | −529−21.3% | Reduced |
| Bell Investment Advisors, Inc | 416 | $1.36K | 0.00% | 00.0% | Unchanged |
| Tower Research Capital LLC (TRC) | 347 | $1.14K | 0.00% | −2,938−89.4% | Reduced |
| Royal Bank of Canada | 265 | $1.00K | 0.00% | +265 | New |
| The PNC Financial Services Group, Inc. | 113 | $371 | 0.00% | +113 | New |
| SBI Securities Co., Ltd. | 105 | $344 | 0.00% | −84−44.4% | Reduced |
| Bank of America Corp | 2 | $7 | 0.00% | −504−99.6% | Reduced |
| TSFG, LLC | 116 | $0 | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 71 | $0 | 0.00% | 00.0% | Unchanged |
| Capitolis Liquid Global Markets LLC | 0 | $0 | 0.00% | −148,500−100.0% | Sold out |
| Renaissance Technologies LLC | 0 | $0 | 0.00% | −86,288−100.0% | Sold out |
| National Bank of Canada | 0 | $0 | 0.00% | −84,400−100.0% | Sold out |
| Empirical Financial Services, LLC d.b.a. Empirical Wealth Management | 0 | $0 | 0.00% | −79,558−100.0% | Sold out |
| Group One Trading, L.P. | 0 | $0 | 0.00% | −55,344−100.0% | Sold out |
| Millennium Management LLC | 0 | $0 | 0.00% | −43,857−100.0% | Sold out |
| Legal & General Group Plc | 0 | $0 | 0.00% | −606−100.0% | Sold out |
| EverSource Wealth Advisors, LLC | 0 | $0 | 0.00% | −257−100.0% | Sold out |
| Cubist Systematic Strategies, LLC | – | – | – | – | Not filed |
| Point72 Asia (Singapore) Pte. Ltd. | – | – | – | – | Not filed |