ZHIHU INC

Ticker: ZH CUSIP: 98955N207 Class: Foreign Stock

Holders for Q4 2025 Position Changes for Q4 2025

Note: Option positions (PUT/CALL) are excluded.

InstitutionSharesValue ($000)
ACADIAN ASSET MANAGEMENT LLC3,212,733$11
FIL Ltd1,952,393$6,359
VANGUARD GROUP INC1,803,704$5,916
STATE STREET CORP887,258$2,910
E Fund Management (Hong Kong) Co., Ltd.518,652$1,846
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP499,281$1,638
Maven Securities LTD466,008$1,529
UBS Group AG436,334$1,431
MORGAN STANLEY415,396$1,362
Dodge & Cox319,164$1,047
NORGES BANK244,633$802
Oasis Management Co Ltd.225,000$738
GOLDMAN SACHS GROUP INC150,806$495
COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS140,523$461
JPMORGAN CHASE & CO125,387$411
JANE STREET GROUP, LLC109,469$359
BNP PARIBAS ARBITRAGE, SA98,356$323
XTX Topco Ltd87,356$287
AMERICAN CENTURY COMPANIES INC82,517$271
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM72,139$237
Qube Research & Technologies Ltd65,802$216
AMERIPRISE FINANCIAL INC63,401$208
SEI INVESTMENTS CO57,617$189
NEW YORK STATE COMMON RETIREMENT FUND52,144$171
GSA CAPITAL PARTNERS LLP44,878$0
Diversified Trust Co44,184$145
CITIGROUP INC35,459$116
BlackRock, Inc.35,072$115
NOMURA HOLDINGS INC34,564$113
MARSHALL WACE, LLP31,300$103
Invesco Ltd.31,234$102
HSBC HOLDINGS PLC21,033$69
Russell Investments Group, Ltd.18,420$61
Point72 Asset Management, L.P.17,877$59
TWO SIGMA ADVISERS, LP15,651$51
SUSQUEHANNA INTERNATIONAL GROUP, LLP15,240$50
TWO SIGMA INVESTMENTS, LP15,100$50
Campbell & CO Investment Adviser LLC12,839$42
SIMPLEX TRADING, LLC10,728$35
PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO3,385$11
RHUMBLINE ADVISERS2,592$9
Oakum Bay Capital LLC2,426$8
Cedar Wealth Management, LLC1,954$6
Bell Investment Advisors, Inc416$1
Tower Research Capital LLC (TRC)347$1
ROYAL BANK OF CANADA265$1
TSFG, LLC116$0
PNC Financial Services Group, Inc.113$0
SBI Securities Co., Ltd.105$0
BESSEMER GROUP INC71$0
BANK OF AMERICA CORP /DE/2$0
Total (51 institutions)12,481,444$30,365