Zhihu Inc.
Zhihu Inc. (ZH) Stock Ownership
Institutional vs insider vs public ownership from 13F and float data — top holders, activity, and insider trades below.
SEC 13F · FMP · ZH · as of Sep 30, 2025
Ownership Breakdown
59
Institutional Holders
▼ 5 vs Q2
$76.30M
Total Inst. Value
▲ $17.68M vs Q2
81.71M
Shares Outstanding
freeFloat 39.10%
15.04M
13F Shares Held
▲ 306,533 vs Q2
Institutional ownership = 13F shares ÷ total outstanding. Insider % = 100 − free float. Public % = free float − institution %. Data: FMP /symbol-positions-summary + /shares-float + SEC EDGAR.
Top Institutional Holders
ZH largest shareholders · institutional ownership
Q3 2025 · SEC 13F
Showing top 10 holders
| Holder | Shares | % Owned | Weight | Value | Reported | Change |
|---|---|---|---|---|---|---|
ACADIAN ASSET MANAGEMENT LLC services-business services, nec | 3.40M | 4.24% | 4.24% | $17.22B | Nov 13, 2025 | ▼ 13.9K |
FIL LTD services-business services, nec | 1.93M | 2.41% | 2.41% | $10.01B | Nov 13, 2025 | ▲ 1.44M |
VANGUARD GROUP INC services-business services, nec | 1.88M | 2.34% | 2.34% | $9.52B | Nov 7, 2025 | ▲ 44.2K |
MORGAN STANLEY services-business services, nec | 1.16M | 1.44% | 1.44% | $5.87B | May 27, 2026 | ▲ 491.4K |
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP services-business services, nec | 1.09M | 1.36% | 1.36% | $5.53B | Nov 13, 2025 | — held |
GOLDMAN SACHS GROUP INC services-business services, nec | 641.0K | 79.88% | 79.88% | $3.25B | Nov 14, 2025 | ▲ 455.8K |
STATE STREET CORP services-business services, nec | 624.6K | 77.83% | 77.83% | $3.17B | Nov 14, 2025 | ▲ 222.5K |
UBS GROUP AG services-business services, nec | 536.2K | 66.82% | 66.82% | $2.72B | Nov 13, 2025 | ▲ 504.9K |
MAVEN SECURITIES LTD services-business services, nec | 291.0K | 36.26% | 36.26% | $1.48B | Nov 20, 2025 | NEW |
MARSHALL WACE, LLP services-business services, nec | 283.0K | 35.26% | 35.26% | $1.43B | Nov 13, 2025 | ▲ 77.6K |
Data from SEC Form 13F filings. Ownership bar normalised to largest holder. Change flags: isNew / isSoldOut / changeInSharesNumber (FMP extract-analytics/holder).
Institutional Activity
Q3 2025 vs prior quarter
Q3 2025
17
Increased
+3.47M shares8
New Positions
first time holders17
Decreased
−713.7K shares0
Sold Out
fully exitedNet shares change (top 50)
+2.76M
+3.47M / −713.7K
Net new holders
+8
8 new / 0 exited
Based on top 50 institutional holders by position size. Fields: isNew, isSoldOut, changeInSharesNumber (FMP extract-analytics/holder, limit=50).
Insider Buying vs Selling
ZH insider trading · insider activity
Source: SEC Form 4
0
Buy transactions
0
Sell transactions
0.00
Buy/Sell ratio
$0M
Total disposed
Recent Insider Transactions
Showing 10 most recent · Common Stock only
| Name · Role | Date | Type | Shares | Price | Value | After Trans. | Filing |
|---|---|---|---|---|---|---|---|
Wang Han Chief Financial Officer | Apr 17, 2026 | Award | 330,000 | $0.01 | $3.3K | 2.83M | Form 4 ↗ |
Source: /insider-trading/search (FMP stable). Buy/Sell direction: acquisitionOrDisposition A=Buy, D=Sell. RSU vesting (M-Exempt) excluded from sentiment bar. All data from SEC EDGAR public filings.
About institutional & insider ownership
Zhihu Inc. (ZH) is primarily owned by institutional investors, who hold approximately 18.4% of total shares outstanding. Company insiders own approximately 60.90%, while retail and public investors account for the remaining 20.69%.
The largest institutional shareholder of Zhihu Inc. is ACADIAN ASSET MANAGEMENT LLC, holding approximately 3.40 million shares — equal to 4.24% of outstanding shares — as of September 30, 2025.
A total of 59 institutional investors currently hold ZH stock, with a combined institutional value of approximately $76,300,312 as of the most recent 13F filing period.
Frequently asked questions
ZH ownershipZhihu Inc. (ZH) is primarily owned by institutional investors, who hold approximately 18.4% of shares. The largest shareholder is ACADIAN ASSET MANAGEMENT LLC with a 4.24% stake. Company insiders hold 60.90%. Data sourced from SEC Form 13F as of September 30, 2025.