Zhihu Ownership | Who Owns Zhihu?

Zhihu Ownership Summary

Zhihu is owned by 15.61% institutional investors, 14.59% insiders, and 69.80% retail investors. Acadian asset management is the largest institutional shareholder, holding 4.12% of ZH shares. Fidelity China Special Situations Ord is the top mutual fund, with 2.17% of its assets in Zhihu shares.

ZH Ownership Benchmark

Type	Name	% Inst	% Insiders	% Retail
Stock	Zhihu	15.61%	14.59%	69.80%
Sector	Communication Services Stocks	28.85%	18.19%	52.95%
Industry	Internet Content & Information Stocks	29.27%	17.81%	52.91%

Institutional Shareholders

Top Institutional Shareholders by Total Shares

Holder	Shares	% Holding	Value
Acadian asset management	3.23M	4.12%	$9.16M
Fil	1.94M	2.47%	$5.39M
Vanguard group	1.80M	2.26%	$5.92M
Matthews capital management	4.24M	1.55%	$15.02M
E fund management	664.67K	0.85%	$1.89M
E fund management (hong kong)	664.67K	0.85%	$1.89M
State street	611.05K	0.78%	$1.74M
First beijing investment	551.05K	0.70%	$1.56M
Goldman sachs group	494.12K	0.63%	$1.40M
Dodge & cox	481.09K	0.61%	$1.37M

Top Institutional Shareholders by % of Total Assets

Holder	Shares	% Assets	Value
Matthews capital management	4.24M	3.07%	$15.02M
E fund management (hong kong)	664.67K	0.86%	$1.89M
First beijing investment	551.05K	0.07%	$1.56M
E fund management	664.67K	0.06%	$1.89M
Oasis management	225.00K	0.04%	$639.00K
Maven securities	479.76K	0.03%	$1.36M
Acadian asset management	3.23M	0.01%	$9.16M
Xtx topco	135.62K	0.01%	$385.16K
Capitolis liquid global markets	148.50K	0.01%	$752.89K
Fil	1.94M	0.00%	$5.39M

Top Buyers

Holder	Shares	% Assets	Change
E fund management	664.67K	0.06%	664.67K
First beijing investment	551.05K	0.07%	551.05K
Goldman sachs group	494.12K	0.00%	343.31K
Norges bank	244.63K	0.00%	244.63K
Jane street group	303.63K	0.00%	194.16K

Top Sellers

Holder	Shares	% Assets	Change
Alibaba group	-	-	-10.53M
Bank of america corp /de/	-	-	-6.33M
Blackrock	-	-	-2.31M
My.alpha management hk advisors	-	-	-1.36M
Matthews capital management	4.24M	3.07%	-1.18M

New Positions

Holder	Shares	% Assets	Change	Value
E fund management	664.67K	0.06%	664.67K	$1.89M
First beijing investment	551.05K	0.07%	551.05K	$1.56M
Norges bank	244.63K	0.00%	244.63K	$802.40K
Capitolis liquid global markets	148.50K	0.01%	148.50K	$752.89K
Citadel advisors	41.38K	-	41.38K	$117.53K

Sold Out

Holder	Change
Corecap advisors	-25.00
Tsfg	-116.00
Ronald blue trust	-161.00
Eversource wealth advisors	-257.00
Royal bank of canada	-265.00

Institutional Ownership Trends

Date	Holdings	Change %	Shares	Change %	Ownership	Change %	Increased Position	Change %	Decreased Position	Change %
Mar 31, 2026	48	-5.88%	12,256,062	-1.80%	15	6.39%	25	38.89%	14	-46.15%
Dec 31, 2025	10	-82.76%	3,115,834	-79.10%	3	1.13%	3	-88.46%	5	-68.75%
Sep 30, 2025	13	-78.33%	2,603,330	-81.11%	3	10.23%	7	-73.08%	3	-85.00%
Jun 30, 2025	64	3.23%	14,737,675	-8.28%	6	17.58%	26	-23.53%	23	64.29%
Mar 31, 2025	62	19.23%	16,068,845	-7.64%	5	14.57%	34	36.00%	14	-12.50%

Top Mutual Funds Shareholders

Holder	Shares	% Holding	Change
Fidelity China Special Situations Ord	1.88M	2.17%	-
Matthews EM Sm Coms Inv	1.27M	1.43%	-320.20K
Foord Asia ex-Japan Fund C1 USD Acc	734.78K	0.83%	734.78K
Foord Asia ex-Japan Fund R1 USD Acc	734.78K	0.82%	734.78K
Fidelity China Special Ord	640.10K	0.73%	-325.93K
Fidelity Pacific A-Dis-USD	606.67K	0.70%	606.67K
Vanguard Total Intl Stock Index Inv	607.84K	0.68%	-
Matthews Emerging Markets Sust Fut Inst	585.30K	0.66%	-
Vanguard Emerging Mkts Stock Idx Inv	569.12K	0.64%	-
E Fund (HK) China Equity Div I HKD Inc	554.05K	0.64%	50.66K

Recent Insider Transactions

Date	Name	Role	Activity	Value
Jun 05, 2026	Cheng Li-Lan	-	Buy	$1.03K

Insider Transactions Trends

Date	Buy	Sell
2026 Q1	-	-

ZH Ownership FAQ

Who Owns Zhihu?

Zhihu shareholders are primarily institutional investors at 15.61%, followed by 14.59% insiders and 69.80% retail investors. The average institutional ownership in Zhihu's industry, Internet Content & Information Stocks , is 29.27%, which Zhihu falls below.

Who owns the most shares of Zhihu?

Zhihu’s largest shareholders are Acadian asset management (3.23M shares, 4.12%), Fil (1.94M shares, 2.47%), and Vanguard group (1.8M shares, 2.26%). Together, they hold 8.85% of Zhihu’s total shares outstanding.

Does Blackrock own Zhihu?

BlackRock is not among the top 10 institutional shareholders of Zhihu.

Who is Zhihu’s biggest shareholder by percentage of total assets invested?

Matthews capital management is Zhihu’s biggest shareholder by percentage of total assets invested, with 3.07% of its assets in 4.24M Zhihu shares, valued at 15.02M$.

Who is the top mutual fund holder of Zhihu shares?

Fidelity China Special Situations Ord is the top mutual fund holder of Zhihu shares, with 2.17% of its total shares outstanding invested in 1.88M Zhihu shares.

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