Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

ZAI LAB LTD (ZLAB)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -24
Streak
4Q ▼
Buyers last Q
36%

Smart Money Signals — ZLAB

Based on 99 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 4 quarters in a row

last 6Q
For 4 consecutive quarters, more hedge funds reduced or closed their ZLAB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
🔻

Below peak — only 62% of 3.0Y high

62% of all-time peak
Only 99 funds hold ZLAB today versus a peak of 159 funds at 2025 Q1 — just 62% of the maximum. Low institutional ownership can mean the stock is out of favor, but it also means there's a large pool of potential buyers if sentiment turns.
📉

Outflows — 38% fewer funds vs a year ago

fund count last 6Q
60 fewer hedge funds hold ZLAB compared to a year ago (-38% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 36% buying

48 buying85 selling
Last quarter: 85 funds sold vs only 48 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 33 → 20 → 29 → 19. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

62% of holders stayed for 2+ years

■ 62% conviction (2yr+) ■ 20% medium ■ 18% new
61 out of 99 hedge funds have held ZLAB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
➡️

Steady discovery — ~19 new funds/quarter

46 → 33 → 20 → 29 → 19 new funds/Q
New funds entering each quarter: 33 → 20 → 29 → 19. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Deep conviction — 69% of holders stayed 2+ years

■ 69% veterans ■ 13% 1-2yr ■ 18% new
Of 105 current holders: 72 (69%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.
✅

Strong quality — 20% AUM from major funds

20% from top-100 AUM funds
32 of 99 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.3
out of 10
Low Exit Risk
Exit risk score 2.3/10 — 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 — ZLAB

In 2026 Q1, 48 hedge funds were net buyers of ZLAB (19 opened a new position, 29 added to an existing one), while 85 reduced or exited (42 trimmed, 43 sold completely) — a 36% buyer ratio, indicating net institutional distribution. This extends a 4-quarter selling streak, suggesting sustained institutional caution. 20% of total institutional value in ZLAB is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -24 funds (more exits than new entries). Total institutional holders: 99.

Hedge Fund Ownership: ZLAB

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

Market Analysis: ZLAB

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZLAB

-- --

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

Is It Too Late to Buy ZAI LAB LTD (ZLAB) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much ZLAB has moved relative to its sector benchmark (XLV) 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 · 59d ago
ZLAB
-2.6%
XLV
+2.8%

ZLAB outperformed XLV by -5.4% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 14d ago
ZLAB
-13.6%
XLV
+3.8%

Since the filing became public, ZLAB outperformed XLV by -17.4% .

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.

11 top-rated funds 2 high-conviction
Consensus
4.7
/ 10
breadth
×
Elite
2.6
/ 10
conviction
Hedge Fund Positioning: ZLAB
99 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 99 123 -19.51%
13F Shares 29M 29M -2.44%
Total Value $522M $506M 3.26%
New Positions 19 29 -10
Increased Positions 25 38 -13
Closed Positions 43 44 -1
Reduced Positions 42 40 +2
Total Calls 1 1 -
Total Puts 5 4 25.0%
PUT/CALL Ratio 5.0 4.0 Bearish

Statistics: ZLAB

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Beta (5Y Monthly) --
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Short % of Float --

Financial Highlights

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Institutional Holders (2026 Q1)

99 + investors

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

QUARTER:
Top 25 institutional holders of ZLAB — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 B Group, Inc. 6.28% 450,646 $8.5M
2 SUPERSTRING CAPITAL MANAGEMENT LP 3.71% 275,818 $5.2M
3 NEXTBio Capital Management LP 1.60% 183,362 $3.4M
4 ADAR1 Capital Management, LLC 1.58% 1,425,367 $26.8M
5 RTW INVESTMENTS, LP 1.23% 6,574,032 $123.7M
6 RA CAPITAL MANAGEMENT, L.P. 1.14% 5,707,262 $107.4M
7 Frazier Life Sciences Management, L.P. 0.92% 1,902,320 $35.8M
8 Rock Springs Capital Management LP 0.90% 814,707 $15.3M
9 NAN FUNG TRINITY (HK) Ltd 0.72% 346,466 $6.5M
10 Privium Fund Management B.V. 0.52% 132,189 $2.5M
11 Seven Fleet Capital Management LP 0.46% 77,858 $1.5M
12 BAROMETER CAPITAL MANAGEMENT INC. 0.43% 66,500 $1.3M
13 DCF Advisers, LLC 0.32% 63,500 $1.2M
14 Virtus Investment Advisers, LLC 0.25% 47,511 $894K
15 C WorldWide Group Holding A/S 0.21% 510,000 $10K
16 Hennion & Walsh Asset Management, Inc. 0.14% 214,323 $4.0M
17 Legacy Wealth Asset Management, LLC 0.11% 24,925 $469K
18 BAMCO INC /NY/ 0.09% 1,658,318 $31.2M
19 Persistent Asset Partners Ltd 0.09% 12,339 $232K
20 Bridgefront Capital, LLC 0.07% 14,529 $273K
21 Headlands Technologies LLC 0.06% 28,109 $529K
22 NJ State Employees Deferred Compensation Plan 0.04% 11,300 $383K
23 WealthPlan Investment Management, LLC 0.04% 36,761 $691K
24 AXQ CAPITAL, LP 0.03% 10,694 $201K
25 XTX Topco Ltd 0.02% 47,072 $885K
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 — ZAI LAB LTD (ZLAB)

What does the Smart Money Trend signal show for ZLAB?

Selling streak — 4 quarters in a row: For 4 consecutive quarters, more hedge funds reduced or closed their ZLAB 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 ZLAB?

Heavy selling pressure — only 36% buying: Last quarter: 85 funds sold vs only 48 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for ZLAB holders?

Strong quality — 20% AUM from major funds: 32 of 99 holders rank in the top 100 by AUM, accounting for 20% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ZLAB?

62% of holders stayed for 2+ years: 61 out of 99 hedge funds have held ZLAB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy ZAI LAB LTD (ZLAB) following the 2026 Q1 hedge fund 13F filings?

As of today, ZLAB has moved -13.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to +3.8% for the XLV sector ETF — an outperformance of -17.4%. Since the quarter end (March 31, 2026), ZLAB has gained -2.6% vs +2.8% for XLV. 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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