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 |
|---|---|---|---|---|---|
| TSFG, LLC | 116 | $0 | 0.00% | 00.0% | Unchanged |
| Bessemer Group Inc | 71 | $0 | 0.00% | 00.0% | Unchanged |
| Bank of America Corp | 2 | $7 | 0.00% | −504−99.6% | Reduced |
| SBI Securities Co., Ltd. | 105 | $344 | 0.00% | −84−44.4% | Reduced |
| The PNC Financial Services Group, Inc. | 113 | $371 | 0.00% | +113 | New |
| Royal Bank of Canada | 265 | $1.00K | 0.00% | +265 | New |
| Tower Research Capital LLC (TRC) | 347 | $1.14K | 0.00% | −2,938−89.4% | Reduced |
| Bell Investment Advisors, Inc | 416 | $1.36K | 0.00% | 00.0% | Unchanged |
| Cedar Wealth Management, LLC | 1,954 | $6.41K | 0.00% | −529−21.3% | Reduced |
| Oakum Bay Capital LLC | 2,426 | $7.96K | 0.00% | +2,426 | New |
| Rhumbline Advisers | 2,592 | $8.50K | 0.00% | −228−8.1% | Reduced |
| Public Employees Retirement System of Ohio | 3,385 | $11.1K | 0.00% | −186,664−98.2% | Reduced |
| Simplex Trading, LLC | 10,728 | $35.2K | 0.00% | −7,219−40.2% | Reduced |
| Campbell & CO Investment Adviser LLC | 12,839 | $42.1K | 0.00% | −43,053−77.0% | Reduced |
| Two Sigma Investments, LP | 15,100 | $49.5K | 0.00% | +15,100 | New |
| Susquehanna International Group, LLP | 15,240 | $50.0K | 0.00% | −131,223−89.6% | Reduced |
| Two Sigma Advisers, LP | 15,651 | $51.3K | 0.00% | −3,166−16.8% | Reduced |
| Point72 Asset Management, L.P. | 17,877 | $58.6K | 0.00% | +17,877 | New |
| Russell Investments Group, Ltd. | 18,420 | $60.8K | 0.00% | −10,385−36.1% | Reduced |
| HSBC Holdings PLC | 21,033 | $69.0K | 0.00% | −38,779−64.8% | Reduced |
| Invesco Ltd. | 31,234 | $102.4K | 0.00% | −807−2.5% | Reduced |
| Marshall Wace, LLP | 31,300 | $102.7K | 0.00% | −251,668−88.9% | Reduced |
| Nomura Holdings Inc | 34,564 | $113.4K | 0.00% | −77,900−69.3% | Reduced |
| BlackRock, Inc. | 35,072 | $115.0K | 0.00% | −26,783−43.3% | Reduced |
| Citigroup Inc | 35,459 | $116.3K | 0.00% | −10.0% | Reduced |
| Diversified Trust Co | 44,184 | $144.9K | 0.00% | 00.0% | Unchanged |
| Gsa Capital Partners LLP | 44,878 | $147.0K | 0.01% | −107,421−70.5% | Reduced |
| New York State Common Retirement Fund | 52,144 | $171.0K | 0.00% | 00.0% | Unchanged |
| SEI Investments Co | 57,617 | $189.0K | 0.00% | 00.0% | Unchanged |
| Ameriprise Financial Inc | 63,401 | $208.0K | 0.00% | +27,313+75.7% | Added |
| Qube Research & Technologies Ltd | 65,802 | $215.8K | 0.00% | +37,959+136.3% | Added |
| California Public Employees Retirement System | 72,139 | $236.6K | 0.00% | −81−0.1% | Reduced |
| American Century Companies Inc | 82,517 | $270.7K | 0.00% | +71+0.1% | Added |
| XTX Topco Ltd | 87,356 | $286.5K | 0.01% | +87,356 | New |
| BNP Paribas Arbitrage, SA | 98,356 | $322.6K | 0.00% | +23,963+32.2% | Added |
| Jane Street Group, LLC | 109,469 | $359.1K | 0.00% | −100,788−47.9% | Reduced |
| JPMorgan Chase & Co | 125,387 | $411.3K | 0.00% | +55,805+80.2% | Added |
| Commonwealth of Pennsylvania Public School Empls Retrmt Sys | 140,523 | $460.9K | 0.00% | 00.0% | Unchanged |
| Goldman Sachs Group Inc | 150,806 | $494.6K | 0.00% | −490,237−76.5% | Reduced |
| Oasis Management Co Ltd. | 225,000 | $738.0K | 0.10% | 00.0% | Unchanged |
| Norges Bank | 244,633 | $802.4K | 0.00% | +244,633 | New |
| Dodge & Cox | 319,164 | $1.05M | 0.00% | +42,267+15.3% | Added |
| Morgan Stanley | 415,396 | $1.36M | 0.00% | −741,877−64.1% | Reduced |
| UBS Group AG | 436,334 | $1.43M | 0.00% | −99,896−18.6% | Reduced |
| Maven Securities LTD | 466,008 | $1.53M | 0.19% | +175,031+60.2% | Added |
| Arrowstreet Capital, Limited Partnership | 499,281 | $1.64M | 0.00% | −591,392−54.2% | Reduced |
| E Fund Management (Hong Kong) Co., Ltd. | 518,652 | $1.85M | 0.77% | +285,273+122.2% | Added |
| State Street Corp | 887,258 | $2.91M | 0.00% | +262,641+42.0% | Added |
| Vanguard Group Inc | 1,803,704 | $5.92M | 0.00% | −73,746−3.9% | Reduced |
| FIL Ltd | 1,952,393 | $6.36M | 0.00% | +19,045+1.0% | Added |
| Matthews International Capital Management LLC | 2,371,187 | $7.78M | 2.36% | −527,378−18.2% | Reduced |
| Acadian Asset Management LLC | 3,212,733 | $10.5M | 0.02% | −189,299−5.6% | Reduced |
| 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 |