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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, Q1 2026

Institutional positions in Zhihu Inc. as of Mar 31, 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
48
−2 vs. Q4 2025
Shares held
12.3M
−548.0K (−4.3%) vs. Q4 2025
Total value
$34.6M
−$7.44M (−17.7%) vs. Q4 2025
New holders
8
17 more added
Sold out
10
15 more reduced

2 institutions that held it in Q4 2025 haven't filed for Q1 2026 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q4 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.

Institutional holdersQ1 2026: 48 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 heldQ1 2026: $34.6M
Q1 2021: $271.6MQ2 2021: $420.0MQ3 2021: $519.2MQ4 2021: $352.5MQ1 2022: $170.2MQ2 2022: $140.8MQ3 2022: $78.6MQ4 2022: $80.3MQ1 2023: $103.5MQ2 2023: $83.1MQ3 2023: $93.7MQ4 2023: $88.3MQ1 2024: $74.3MQ2 2024: $35.4MQ3 2024: $65.8MQ4 2024: $61.5MQ1 2025: $90.6MQ2 2025: $72.8MQ3 2025: $90.5MQ4 2025: $48.8MQ1 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$48.8M
Q3 202555$90.5M
Q2 202562$72.8M
Q1 202558$90.6M
Q4 202449$61.5M
Q3 202447$65.8M
Q2 202437$35.4M
Q1 202437$74.3M
Q4 202341$88.3M
Q3 202346$93.7M
Q2 202347$83.1M
Q1 202358$103.5M
Q4 202254$80.3M
Q3 202245$78.6M
Q2 202248$140.8M
Q1 202245$170.2M
Q4 202161$352.5M
Q3 202154$519.2M
Q2 202147$420.0M
Q1 202157$271.6M

Institutions, Q1 2026

Shares, value and share of portfolio for each institution holding Zhihu Inc.; share changes are against Q4 2025.

Institutions holding ZH in Q1 2026
InstitutionSharesValue% of portfolioChange in sharesAction
Acadian Asset Management LLC3,234,695$9.16M0.01%+21,962+0.7%Added
FIL Ltd1,937,710$5.39M0.00%−14,683−0.8%Reduced
E Fund Management (Hong Kong) Co., Ltd.664,671$1.89M0.86%+146,019+28.2%Added
E Fund Management Co., Ltd.664,671$1.89M0.06%+664,671New
State Street Corp611,050$1.74M0.00%−276,208−31.1%Reduced
First Beijing Investment Ltd551,048$1.56M0.07%+551,048New
Goldman Sachs Group Inc494,116$1.40M0.00%+343,310+227.7%Added
Dodge & Cox481,092$1.37M0.00%+161,928+50.7%Added
Maven Securities LTD479,756$1.36M0.08%+13,748+3.0%Added
UBS Group AG447,810$1.27M0.00%+11,476+2.6%Added
Morgan Stanley314,933$894.4K0.00%−100,463−24.2%Reduced
Jane Street Group, LLC303,629$862.3K0.00%+194,160+177.4%Added
Qube Research & Technologies Ltd248,751$706.5K0.00%+182,949+278.0%Added
Oasis Management Co Ltd.225,000$639.0K0.08%00.0%Unchanged
Arrowstreet Capital, Limited Partnership150,086$426.2K0.00%−349,195−69.9%Reduced
Commonwealth of Pennsylvania Public School Empls Retrmt Sys140,523$399.1K0.00%00.0%Unchanged
Point72 Asset Management, L.P.136,831$388.6K0.00%+118,954+665.4%Added
XTX Topco Ltd135,620$385.2K0.01%+48,264+55.2%Added
SEI Investments Co129,202$366.9K0.00%+71,585+124.2%Added
BNP Paribas Arbitrage, SA118,856$337.6K0.00%+20,500+20.8%Added
Millennium Management LLC113,200$321.5K0.00%+113,200New
JPMorgan Chase & Co113,860$307.4K0.00%−11,527−9.2%Reduced
Russell Investments Group, Ltd.95,933$259.0K0.00%+77,513+420.8%Added
American Century Companies Inc83,097$236.0K0.00%+580+0.7%Added
New York State Common Retirement Fund68,640$194.9K0.00%+16,496+31.6%Added
Ameriprise Financial Inc63,366$180.0K0.00%−35−0.1%Reduced
Diversified Trust Co44,184$125.5K0.00%00.0%Unchanged
Citadel Advisors LLC41,384$117.5K0.00%+41,384New
Nomura Holdings Inc34,564$98.2K0.00%00.0%Unchanged
Invesco Ltd.30,390$86.3K0.00%−844−2.7%Reduced
HRT Financial LP24,144$68.0K0.00%+24,144New
Marshall Wace, LLP19,152$54.4K0.00%−12,148−38.8%Reduced
Police & Firemen's Retirement System of New Jersey15,762$44.8K0.00%+15,762New
Two Sigma Investments, LP14,368$40.8K0.00%−732−4.8%Reduced
Susquehanna International Group, LLP13,745$39.0K0.00%−1,495−9.8%Reduced
Public Employees Retirement System of Ohio3,385$9.61K0.00%00.0%Unchanged
Oakum Bay Capital LLC2,426$6.89K0.00%00.0%Unchanged
Rhumbline Advisers1,842$5.23K0.00%−750−28.9%Reduced
Citigroup Inc1,226$3.48K0.00%−34,233−96.5%Reduced
Tower Research Capital LLC (TRC)832$2.36K0.00%+485+139.8%Added
Simplex Trading, LLC226$6410.00%−10,502−97.9%Reduced
The PNC Financial Services Group, Inc.127$3610.00%+14+12.4%Added
SBI Securities Co., Ltd.105$2980.00%00.0%Unchanged
Advisor Group Holdings, Inc.50$1420.00%+50New
BlackRock, Inc.2$60.00%−35,070−100.0%Reduced
Caitong International Asset Management Co., Ltd2$60.00%+2New
Royal Bank of Canada165$00.00%−100−37.7%Reduced
TSFG, LLC116$00.00%00.0%Unchanged
Matthews International Capital Management LLC0$00.00%−2,371,187−100.0%Sold out
California Public Employees Retirement System0$00.00%−72,139−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−44,878−100.0%Sold out
HSBC Holdings PLC0$00.00%−21,033−100.0%Sold out
Two Sigma Advisers, LP0$00.00%−15,651−100.0%Sold out
Campbell & CO Investment Adviser LLC0$00.00%−12,839−100.0%Sold out
Cedar Wealth Management, LLC0$00.00%−1,954−100.0%Sold out
Bell Investment Advisors, Inc0$00.00%−416−100.0%Sold out
Bank of America Corp0$00.00%−2−100.0%Sold out
Bessemer Group Inc0$00.00%−71−100.0%Sold out
Vanguard Group Inc––––Not filed
Norges Bank––––Not filed