Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ZHIHU INC (ZH)

46 + Investors. Track Smart Money conviction in ZH. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -4
Streak
3Q ▼
Buyers last Q
51%

Smart Money Signals — ZH

Based on 46 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 consecutive quarters, more hedge funds reduced or closed their ZH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 77% of 3.0Y peak

77% of all-time peak
46 funds currently hold this stock — 77% of the 3.0-year high of 60 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 15% fewer funds vs a year ago

fund count last 6Q
8 fewer hedge funds hold ZH compared to a year ago (-15% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 51% buying

26 buying25 selling
Last quarter: 26 funds bought or added vs 25 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~7 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 14 → 8 → 7 → 7. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔄

Mostly new holders — 26% entered in last year

■ 11% conviction (2yr+) ■ 63% medium ■ 26% new
Only 5 funds (11%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.
💎

Buying through price weakness — shares -3%, value -38%

Value
-38%
Shares
-2%
Last quarter: funds added -3% more shares while total portfolio value only changed -38%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

13 → 14 → 8 → 7 → 7 new funds/Q
New funds entering each quarter: 14 → 8 → 7 → 7. ZH is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
📊

Mixed cohorts — 4% veterans, 35% new entrants

■ 4% veterans ■ 60% 1-2yr ■ 35% new
Of 48 current holders: 2 (4%) held 2+ years, 29 held 1–2 years, 17 (35%) entered in the past year. Balanced distribution — some institutional memory, some recent momentum buyers.
🏆

Elite ownership — 58% AUM from top-100 funds

58% from top-100 AUM funds
19 of 46 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in ZH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.5
out of 10
Low Exit Risk
Exit risk score 2.5/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ZH

In 2026 Q1, 26 hedge funds were net buyers of ZH (7 opened a new position, 19 added to an existing one), while 25 reduced or exited (14 trimmed, 11 sold completely) — a 51% buyer ratio, indicating a slight buying edge. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 58% of total institutional value in ZH is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: -4 funds (more exits than new entries). Total institutional holders: 46.

Hedge Fund Ownership: ZH

How many hedge funds hold ZH — quarterly history vs. share price
Quarterly hedge fund ownership of ZH vs. share price

Market Analysis: ZH

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZH

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy ZHIHU INC (ZH) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ZH has moved relative to its sector benchmark (XLC) since the 2026 Q1 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End March 31, 2026 · 51d ago
ZH
+49.9%
XLC
+4.0%

ZH outperformed XLC by +45.9% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 6d ago
ZH
-3.1%
XLC
-0.6%

Since the filing became public, ZH outperformed XLC by -2.5% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

6 top-rated funds 0 high-conviction
Consensus
3.7
/ 10
breadth
×
Elite
0.2
/ 10
conviction
Hedge Fund Positioning: ZH
46 + Investors

Track Smart Money conviction in ZH. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 46 50 -8.0%
13F Shares 12M 13M -2.56%
Total Value $25M $41M -38.4%
New Positions 7 7 -
Increased Positions 19 10 +9
Closed Positions 11 13 -2
Reduced Positions 12 27 -15
Total Calls 1 2 -50.0%
Total Puts 1 0 100%
PUT/CALL Ratio 1.0 0.0 Neutral

Statistics: ZH

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q1)

46 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ZH. Verified SEC 13F-HR filings.

QUARTER:
Top 25 institutional holders of ZH — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 E Fund Management (Hong Kong) Co., Ltd. 0.86% 664,671 $1.9M
2 First Beijing Investment Ltd 0.07% 551,048 $1.6M
3 E Fund Management Co., Ltd. 0.06% 664,671 $1.9M
4 Oasis Management Co Ltd. 0.04% 225,000 $639K
5 Maven Securities LTD 0.03% 479,756 $1.4M
6 ACADIAN ASSET MANAGEMENT LLC 0.01% 3,234,695 $9K
7 XTX Topco Ltd 0.01% 135,620 $385K
8 FIL Ltd 0.00% 1,937,710 $5.4M
9 Oakum Bay Capital LLC 0.00% 2,426 $7K
10 Diversified Trust Co 0.00% 44,184 $125K
11 COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS 0.00% 140,523 $399K
12 Qube Research & Technologies Ltd 0.00% 248,751 $706K
13 DODGE & COX 0.00% 481,092 $1.4M
14 Point72 Asset Management, L.P. 0.00% 136,831 $389K
15 Police & Firemen's Retirement System of New Jersey 0.00% 15,762 $45K
16 SEI INVESTMENTS CO 0.00% 129,202 $367K
17 Russell Investments Group, Ltd. 0.00% 95,933 $259K
18 NEW YORK STATE COMMON RETIREMENT FUND 0.00% 68,640 $195K
19 NOMURA HOLDINGS INC 0.00% 34,564 $98K
20 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% 150,086 $426K
21 UBS Group AG 0.00% 447,810 $1.3M
22 HRT FINANCIAL LP 0.00% 24,144 $68K
23 BNP PARIBAS FINANCIAL MARKETS 0.00% 118,856 $338K
24 GOLDMAN SACHS GROUP INC 0.00% 494,116 $1.4M
25 MILLENNIUM MANAGEMENT LLC 0.00% 113,200 $321K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — ZHIHU INC (ZH)

What does the Smart Money Trend signal show for ZH?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their ZH positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ZH?

Slight buying edge — 51% buying: Last quarter: 26 funds bought or added vs 25 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ZH holders?

Elite ownership — 58% AUM from top-100 funds: 19 of 46 holders are among the 100 largest funds by AUM, controlling 58% of total institutional value in ZH. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ZH?

Mostly new holders — 26% entered in last year: Only 5 funds (11%) have held >2 years. The majority of current holders are relatively new to the position. New holders tend to sell faster when prices drop — a shallow conviction base that could amplify any sell-off.

Is it too late to buy ZHIHU INC (ZH) following the 2026 Q1 hedge fund 13F filings?

As of today, ZH has moved -3.1% since the 2026 Q1 13F filing date (May 15, 2026), compared to -0.6% for the XLC sector ETF — an outperformance of -2.5%. Since the quarter end (March 31, 2026), ZH has gained +49.9% vs +4.0% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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