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Zai Lab Ltd

ZLAB
Exchange
Nasdaq
Industry
Pharmaceutical Preparations
SEC CIK
0001704292

In the last 90 days, Zai Lab Ltd insiders filed 1 open-market purchase and 4 sales; 92 institutions reported holding it in 13F filings for Q2 2026, worth $819.0M in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Zai Lab Ltd 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
126
−11 vs. Q3 2025
Shares held
28.9M
−6.16M (−17.5%) vs. Q3 2025
Total value
$510.5M
−$678.9M (−57.1%) vs. Q3 2025
New holders
33
36 more added
Sold out
44
40 more reduced

1 institution 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 ZLAB 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 holdersQ4 2025: 126 institutions
Q1 2021: 222 institutionsQ2 2021: 234 institutionsQ3 2021: 228 institutionsQ4 2021: 207 institutionsQ1 2022: 176 institutionsQ2 2022: 166 institutionsQ3 2022: 171 institutionsQ4 2022: 167 institutionsQ1 2023: 161 institutionsQ2 2023: 138 institutionsQ3 2023: 122 institutionsQ4 2023: 124 institutionsQ1 2024: 117 institutionsQ2 2024: 105 institutionsQ3 2024: 104 institutionsQ4 2024: 131 institutionsQ1 2025: 160 institutionsQ2 2025: 156 institutionsQ3 2025: 138 institutionsQ4 2025: 126 institutionsQ1 2026: 99 institutionsQ2 2026: 92 institutions
Value heldQ4 2025: $510.5M
Q1 2021: $7.24BQ2 2021: $11.0BQ3 2021: $6.76BQ4 2021: $4.06BQ1 2022: $2.71BQ2 2022: $2.09BQ3 2022: $2.03BQ4 2022: $1.78BQ1 2023: $1.76BQ2 2023: $1.19BQ3 2023: $954.6MQ4 2023: $1.12BQ1 2024: $659.7MQ2 2024: $702.4MQ3 2024: $1.09BQ4 2024: $1.48BQ1 2025: $1.97BQ2 2025: $1.49BQ3 2025: $1.19BQ4 2025: $510.5MQ1 2026: $530.9MQ2 2026: $819.0M
Institutions holding ZLAB and their total value by quarter
QuarterHoldersValue
Q2 202692$819.0M
Q1 202699$530.9M
Q4 2025126$510.5M
Q3 2025138$1.19B
Q2 2025156$1.49B
Q1 2025160$1.97B
Q4 2024131$1.48B
Q3 2024104$1.09B
Q2 2024105$702.4M
Q1 2024117$659.7M
Q4 2023124$1.12B
Q3 2023122$954.6M
Q2 2023138$1.19B
Q1 2023161$1.76B
Q4 2022167$1.78B
Q3 2022171$2.03B
Q2 2022166$2.09B
Q1 2022176$2.71B
Q4 2021207$4.06B
Q3 2021228$6.76B
Q2 2021234$11.0B
Q1 2021222$7.24B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Zai Lab Ltd; share changes are against Q3 2025.

Institutions holding ZLAB in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
XY Capital Ltd202,304$3.57M3.63%+202,304New
Hennion & Walsh Asset Management, Inc.204,982$3.62M0.12%+44,945+28.1%Added
Marshall Wace, LLP231,802$4.09M0.00%+170,400+277.5%Added
D. E. Shaw & Co., Inc.238,609$4.21M0.00%+204,319+595.9%Added
Nan Fung Trinity (HK) Ltd269,975$4.76M0.38%00.0%Unchanged
Morgan Stanley289,705$5.11M0.00%+169,825+141.7%Added
JPMorgan Chase & Co293,703$5.18M0.00%+284,296+3,022.2%Added
Schroder Investment Management Group299,844$5.29M0.00%+142,783+90.9%Added
Walleye Capital LLC373,399$6.59M0.04%+373,399New
Jane Street Group, LLC382,062$6.74M0.01%+382,062New
Legal & General Group Plc387,800$6.84M0.00%+5,341+1.4%Added
Bank of America Corp388,769$6.86M0.00%+246,395+173.1%Added
B Group, Inc.400,000$7.06M5.23%00.0%Unchanged
C WorldWide Group Holding A/S510,000$9.00M0.16%00.0%Unchanged
Price T Rowe Associates Inc602,954$10.6M0.00%−345,717−36.4%Reduced
BlackRock, Inc.635,213$11.2M0.00%+161,650+34.1%Added
Wellington Management Group LLP752,858$13.3M0.00%−965,597−56.2%Reduced
Rock Springs Capital Management LP811,546$14.3M0.73%+20,353+2.6%Added
ADAR1 Capital Management, LLC1,246,520$22.0M1.64%+377,740+43.5%Added
Bamco Inc1,418,005$25.0M0.07%+46,762+3.4%Added
FMR LLC1,440,406$25.4M0.00%−3,261,305−69.4%Reduced
Citadel Advisors LLC1,687,846$29.8M0.02%+700,803+71.0%Added
UBS Group AG1,782,252$31.4M0.01%+1,475,698+481.4%Added
Clearbridge Investments, LLC1,808,035$31.9M0.03%−1,711,302−48.6%Reduced
Frazier Life Sciences Management, L.P.1,902,320$33.6M0.90%+275,000+16.9%Added
RTW Investments, LP6,959,032$122.8M1.23%+4,667,660+203.7%Added
Capital World Investors0$00.00%−6,077,666−100.0%Sold out
Janus Henderson Group PLC0$00.00%−2,049,537−100.0%Sold out
Allianz Asset Management GmbH0$00.00%−815,000−100.0%Sold out
MPM Oncology Impact Management LP0$00.00%−745,060−100.0%Sold out
Woodline Partners LP0$00.00%−198,509−100.0%Sold out
Balyasny Asset Management LLC0$00.00%−104,349−100.0%Sold out
Tema ETFs LLC0$00.00%−62,067−100.0%Sold out
Barometer Capital Management Inc.0$00.00%−41,900−100.0%Sold out
Russell Investments Group, Ltd.0$00.00%−22,200−100.0%Sold out
GTS Securities LLC0$00.00%−19,465−100.0%Sold out
Alliancebernstein L.P.0$00.00%−16,514−100.0%Sold out
Cerity Partners LLC0$00.00%−14,283−100.0%Sold out
Polymer Capital Management (HK) LTD0$00.00%−13,902−100.0%Sold out
Gsa Capital Partners LLP0$00.00%−13,033−100.0%Sold out
Sectoral Asset Management Inc0$00.00%−12,590−100.0%Sold out
Infini Capital Management Ltd0$00.00%−12,480−100.0%Sold out
Omers Administration Corp0$00.00%−11,600−100.0%Sold out
Boothbay Fund Management, LLC0$00.00%−11,586−100.0%Sold out
NJ State Employees Deferred Compensation Plan0$00.00%−11,300−100.0%Sold out
Stifel Financial Corp0$00.00%−11,219−100.0%Sold out
Truist Financial Corp0$00.00%−11,132−100.0%Sold out
Abc Arbitrage SA0$00.00%−10,388−100.0%Sold out
JustInvest LLC0$00.00%−8,945−100.0%Sold out
Bank of New York Mellon Corp0$00.00%−8,365−100.0%Sold out
Cetera Investment Advisers0$00.00%−8,069−100.0%Sold out
Jasper Ridge Partners, L.P.0$00.00%−8,024−100.0%Sold out
Kingsview Wealth Management, LLC0$00.00%−8,003−100.0%Sold out
Atria Investments LLC0$00.00%−7,497−100.0%Sold out
Wiley Bros.-Aintree Capital, LLC0$00.00%−7,100−100.0%Sold out
Profund Advisors LLC0$00.00%−6,767−100.0%Sold out
Park Avenue Securities LLC0$00.00%−6,615−100.0%Sold out
Resources Investment Advisors, LLC.0$00.00%−6,367−100.0%Sold out
PEAK6 LLC0$00.00%−6,000−100.0%Sold out
Jefferies Financial Group Inc.0$00.00%−3,700−100.0%Sold out
Icon Wealth Advisors, LLC0$00.00%−3,229−100.0%Sold out
Pictet Asset Management Holding SA0$00.00%−2,700−100.0%Sold out
Principal Securities, Inc.0$00.00%−1,270−100.0%Sold out
Solstein Capital, LLC0$00.00%−685−100.0%Sold out
TD Capital Management LLC0$00.00%−150−100.0%Sold out
Advisory Services Network, LLC0$00.00%−50−100.0%Sold out
Montag A & Associates Inc0$00.00%−35−100.0%Sold out
Marshall & Sterling Wealth Advisors Inc.0$00.00%−34−100.0%Sold out
Retirement Wealth Solutions LLC0$00.00%−29−100.0%Sold out
AdvisorNet Financial, Inc0$00.00%−21−100.0%Sold out
AXA Investment Managers S.A.––––Not filed