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ZH — ZHIHU INC

Reported value held$64.95M
Funds holding (latest)31
SectorConsumer Discretionary
Funds holding (Q2 2026)15
Institutional value$18.91M · 6.02M sh
New / Add / Cut / Exit1 / 9 / 4 / 1
Top-5 / Top-10 concentration89.9% / 99.0%
Institutional holdings change Accumulating +43.4% (+1.82M sh)
Institutional value change Up +60.2%

As of Q2 2026, 15 SEC-registered investment managers reported holding ZH (ZHIHU INC) in their latest 13F filings, with a combined reported value of $18.91M across 6.02M shares. That is +43.4% by share count (+1.82M shares) versus the previous quarter, while reported value moved +60.2%. Ownership is concentrated: the five largest holders account for 89.9% of reported value and the top ten for 99.0%.

Compared with the prior quarter, 1 opened new positions, 9 added to existing stakes, 4 trimmed, 1 exited entirely. 13F holdings are quarter-end snapshots, so these moves reflect positioning as of Q2 2026, not real-time trading.

ZH is classified in the Consumer Discretionary sector.

All figures on this page are computed from SEC Form 13F quarterly filings. 13F filers disclose long positions of $100,000 or more within 45 days of quarter end; short positions, options overlays and intra-quarter trades are not included, so treat the numbers as a quarterly snapshot of institutional ownership rather than real-time positioning.

Q2 2026 — 15 funds

FundSharesValuePortfolio WeightChange
Fidelity International (FIL) history 3.64M $11.46M 0.01% Add
Goldman Sachs Group history 577.57K $1.81M 0.00% Add
Dodge & Cox history 501.09K $1.57M 0.00% Add
UBS Group AG history 454.89K $1.42M 0.00% Add
Morgan Stanley history 232.94K $729.10K 0.00% Reduce
Arrowstreet Capital history 168.26K $526.64K 0.00% Add
Citadel Advisors history 111.82K $349.98K 0.00% Add
JPMorgan Chase & Co history 104.56K $327.29K 0.00% New
Two Sigma Investments history 99.46K $311.30K 0.00% Add
Millennium Management history 64.87K $203.04K 0.00% Reduce
Marshall Wace history 35.75K $111.90K 0.00% Add
Invesco Ltd history 26.69K $83.53K 0.00% Reduce
Citigroup Inc history 428 $1.34K 0.00% Reduce
PNC Financial Services history 144 $451 0.00% Add
BlackRock Inc history 2 $6 0.00% Hold

Q1 2026 — 15 funds

FundSharesValuePortfolio WeightChange
Fidelity International (FIL) history 1.94M $5.39M 0.00% Reduce
Goldman Sachs Group history 494.12K $1.40M 0.00% Add
Dodge & Cox history 481.09K $1.37M 0.00% Add
UBS Group AG history 447.81K $1.27M 0.00% Add
Morgan Stanley history 314.93K $894.41K 0.00% Reduce
Arrowstreet Capital history 150.09K $426.24K 0.00% Reduce
Point72 Asset Management history 136.83K $388.60K 0.00% Add
Millennium Management history 113.20K $321.49K 0.00% New
Citadel Advisors history 54.78K $155.59K 0.00% Add
Invesco Ltd history 30.39K $86.31K 0.00% Reduce
Marshall Wace history 19.15K $54.39K 0.00% Reduce
Two Sigma Investments history 14.37K $40.80K 0.00% Reduce
Citigroup Inc history 1.23K $3.48K 0.00% Reduce
PNC Financial Services history 127 $361 0.00% Add
BlackRock Inc history 2 $6 0.00% Reduce

Q4 2025 — 18 funds

FundSharesValuePortfolio WeightChange
Fidelity International (FIL) history 1.95M $6.36M 0.01% Add
Vanguard Group history 1.80M $5.92M 0.00% Reduce
Arrowstreet Capital history 499.28K $1.64M 0.00% Reduce
UBS Group AG history 436.33K $1.43M 0.00% Reduce
Morgan Stanley history 415.40K $1.36M 0.00% Reduce
Dodge & Cox history 319.16K $1.05M 0.00% Add
Norges Bank Investment Management history 244.63K $802.40K 0.00% Reduce
Goldman Sachs Group history 150.81K $494.64K 0.00% Reduce
JPMorgan Chase & Co history 125.39K $411.27K 0.00% Add
Citigroup Inc history 35.46K $116.31K 0.00% Hold
BlackRock Inc history 35.07K $115.04K 0.00% Reduce
Marshall Wace history 31.30K $102.66K 0.00% Reduce
Invesco Ltd history 31.23K $102.45K 0.00% Reduce
Point72 Asset Management history 17.88K $58.64K 0.00% New
Citadel Advisors history 17.00K $55.76K 0.00% Reduce
Two Sigma Investments history 15.10K $49.53K 0.00% New
PNC Financial Services history 113 $371 0.00% New
Bank of America Corp history 2 $7 0.00% Reduce

Q3 2025 — 17 funds

FundSharesValuePortfolio WeightChange
Fidelity International (FIL) history 1.93M $10.01M 0.01% Add
Vanguard Group history 1.88M $9.52M 0.00% Add
Morgan Stanley history 1.16M $5.87M 0.00% Add
Arrowstreet Capital history 1.09M $5.53M 0.00% Hold
Goldman Sachs Group history 641.04K $3.25M 0.00% Add
UBS Group AG history 536.23K $2.72M 0.00% Add
Marshall Wace history 282.97K $1.43M 0.00% Add
Dodge & Cox history 276.90K $1.40M 0.00% New
Renaissance Technologies history 86.29K $437.48K 0.00% Hold
JPMorgan Chase & Co history 69.58K $352.78K 0.00% Reduce
BlackRock Inc history 61.85K $313.61K 0.00% Add
Millennium Management history 43.86K $222.35K 0.00% Reduce
Citigroup Inc history 35.46K $179.78K 0.00% Add
Citadel Advisors history 32.50K $164.78K 0.00% Reduce
Invesco Ltd history 32.04K $162.45K 0.00% Reduce
Legal & General Investment Management America history 606 $3.07K 0.00% Hold
Bank of America Corp history 506 $2.56K 0.00% Reduce

Q2 2025 — 25 funds

FundSharesValuePortfolio WeightChange
Vanguard Group history 1.83M $7.30M 0.00% Reduce
Norges Bank Investment Management history 1.52M $6.04M 0.00% New
Norges Bank Investment Management history 1.52M $6.04M 0.00% New
Arrowstreet Capital history 1.09M $4.34M 0.00% Reduce
Morgan Stanley history 665.89K $2.65M 0.00% Add
Morgan Stanley history 665.89K $2.65M 0.00% Add
Fidelity International (FIL) history 490.87K $1.94M 0.00% Reduce
Fidelity International (FIL) history 490.87K $1.94M 0.00% Reduce
Millennium Management history 300.69K $1.20M 0.00% Reduce
Marshall Wace history 205.39K $817.44K 0.00% Reduce
Goldman Sachs Group history 185.25K $737.27K 0.00% Reduce
Goldman Sachs Group history 185.25K $737.27K 0.00% Reduce
JPMorgan Chase & Co history 132.38K $526.89K 0.00% New
JPMorgan Chase & Co history 132.38K $526.89K 0.00% New
Citadel Advisors history 131.48K $523.29K 0.00% Reduce
Citadel Advisors history 131.48K $523.29K 0.00% Reduce
Bank of America Corp history 131.11K $521.83K 0.00% Reduce
Renaissance Technologies history 86.29K $343.43K 0.00% Reduce
Renaissance Technologies history 86.29K $343.43K 0.00% Reduce
BlackRock Inc history 61.18K $243.50K 0.00% Add
BlackRock Inc history 61.18K $243.50K 0.00% Add
Invesco Ltd history 33.95K $135.13K 0.00% Reduce
UBS Group AG history 31.37K $124.84K 0.00% Reduce
Citigroup Inc history 31.12K $123.84K 0.00% Add
Legal & General Investment Management America history 606 $2.41K 0.00% Hold

Q1 2025 — 21 funds

FundSharesValuePortfolio WeightChange
Vanguard Group history 2.81M $12.01M 0.00% Reduce
Fidelity International (FIL) history 1.53M $6.42M 0.01% Add
Fidelity International (FIL) history 1.53M $6.42M 0.01% Add
Arrowstreet Capital history 1.11M $4.72M 0.00% Add
Morgan Stanley history 652.84K $2.79M 0.00% Reduce
Morgan Stanley history 652.84K $2.79M 0.00% Reduce
Citadel Advisors history 562.21K $2.40M 0.00% Add
Citadel Advisors history 562.21K $2.40M 0.00% Add
Millennium Management history 466.55K $1.99M 0.00% New
Marshall Wace history 299.06K $1.28M 0.00% New
Goldman Sachs Group history 205.47K $877.37K 0.00% Reduce
Goldman Sachs Group history 205.47K $877.37K 0.00% Reduce
UBS Group AG history 190.29K $812.56K 0.00% Reduce
Bank of America Corp history 145.57K $621.58K 0.00% Reduce
Renaissance Technologies history 87.61K $374.10K 0.00% Hold
Renaissance Technologies history 87.61K $374.10K 0.00% Hold
Invesco Ltd history 35.06K $149.69K 0.00% Reduce
Citigroup Inc history 21.23K $90.64K 0.00% Add
BlackRock Inc history 18.15K $77.49K 0.00% Add
BlackRock Inc history 18.15K $77.49K 0.00% Add
Legal & General Investment Management America history 606 $2.59K 0.00% Hold

View all 31 fund holders →

New Positions (Q2 2026)

Fully Exited (vs previous quarter)

Fund Position History — shares by quarter (top 20 funds)

FundQ2 2026Q1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024Q4 2023Q3 2023Q2 2023Q1 2023Q4 2022Q3 2022Q2 2022Q1 2022Q4 2021Q3 2021
Fidelity International (FIL) 3.64M 1.94M 1.95M 1.93M 490.87K 1.53M 127.51K — — — — — — — — — — — — —
Goldman Sachs Group 577.57K 494.12K 150.81K 641.04K 185.25K 205.47K 2.26M 2.69M — 16.06M 16.12M 14.55M 13.74M 13.64M 7.60M 8.81M 503.00K 4.62M 1.36M 952.71K
Dodge & Cox 501.09K 481.09K 319.16K 276.90K — — — — — — — — — — — — — — — —
UBS Group AG 454.89K 447.81K 436.33K 536.23K 31.37K 190.29K 1.02M 943.62K 1.01M 5.88M 5.85M 5.32M 5.55M 5.41M 5.30M 5.24M 91.71K 85.95K 89.33K 530.85K
Morgan Stanley 232.94K 314.93K 415.40K 1.16M 665.89K 652.84K 1.04M 1.00M 1.00M 5.95M 8.41M 4.39M 4.77M 4.66M 4.37M 4.58M 7.40M 7.38M 88.75K 1.13M
Arrowstreet Capital 168.26K 150.09K 499.28K 1.09M 1.09M 1.11M 603.67K 221.63K 55.88K — — — — 32.50K — — — — 730.61K —
Citadel Advisors 111.82K 54.78K 17.00K 32.50K 131.48K 562.21K 78.42K 316.48K 27.21K 74.46K 240.16K 22.91K 51.32K 30.67K 496.06K 292.58K 106.17K 229.08K 670.75K 534.10K
JPMorgan Chase & Co 104.56K — 125.39K 69.58K 132.38K — 13.29K 27.93K 33.87K — — — — — — 300 — — — —
Two Sigma Investments 99.46K 14.37K 15.10K — — — — — — — — 318.88K 553.78K 722.12K 827.75K — — — 602.68K —
Millennium Management 64.87K 113.20K — 43.86K 300.69K 466.55K — 47.67K 25.19K — 24.48K — — 888.01K 734.21K 564.39K — — 496.20K 1.20M
Marshall Wace 35.75K 19.15K 31.30K 282.97K 205.39K 299.06K — — — — — — 811.61K 1.13M 2.02M — — — — —
Invesco Ltd 26.69K 30.39K 31.23K 32.04K 33.95K 35.06K 39.61K 38.25K 40.17K 260.05K 249.24K 265.92K 259.19K — 1.15M 1.19M 1.39M 412.48K 476.26K 477.99K
Citigroup Inc 428 1.23K 35.46K 35.46K 31.12K 21.23K 2.55K 2.55K 2.55K 15.32K 15.32K 15.32K 15.32K 15.32K 15.37K 295.71K 296.73K 433.96K 194.34K 184.95K
PNC Financial Services 144 127 113 — — — — — — — — — — — — — — — — —
BlackRock Inc 2 2 35.07K 61.85K 61.18K 18.15K 2 — — — — — — — — — — — — —
Point72 Asset Management — 136.83K 17.88K — — — — — — — — — 351.60K 2.58M — — — — — —
Norges Bank Investment Management — — 244.63K — 1.52M — — — — — — — — — — — — — — —
Renaissance Technologies — — — 86.29K 86.29K 87.61K 87.61K 87.61K 87.61K 525.70K 525.70K 532.40K 534.90K 1.25M 1.69M 420.30K 512.70K 491.80K — —
Bank of America Corp — — 2 506 131.11K 145.57K 1.05M 1.06M 1.06M 6.33M 6.33M 7.19M 7.17M 7.17M 6.33M 113.44K 113.44K 126.27K 37.03K 74.49K
Legal & General Investment Management America — — — 606 606 606 606 606 606 3.64K 3.64K 3.64K 3.64K 3.64K 413.92K 413.92K 251.34K 188.39K 188.39K 84.70K

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