Vault-13

ZKH GROUP LTD ZKH

SPONSORED ADS · ADR · CUSIP 98877R104

24 institutional holders +5 vs Q1 2026
22,545,45222.5m shares reported held*
$50.9mreported value*
7 new 7 added 6 reduced 2 sold out net bought ≈ $1.4m (+639.0k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once. Holder counts are more reliable. Implied quarter-end price ≈ $2.26.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0102030Q4 23: 6Q1 24: 5Q2 24: 12Q3 24: 16Q4 24: 16Q1 25: 15Q2 25: 14Q3 25: 12Q4 25: 19Q1 26: 19Q2 26: 2424Q4 23Q2 24Q4 24Q2 25Q4 25Q2 26
Numbers
QuarterHolders
Q4 20236
Q1 20245
Q2 202412
Q3 202416
Q4 202416
Q1 202515
Q2 202514
Q3 202512
Q4 202519
Q1 202619
Q2 202624

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
20020Q3 24: 7 bought or addedQ3 24: 3 cut or sold outQ4 24: 6 bought or addedQ4 24: 7 cut or sold outQ4 24Q1 25: 5 bought or addedQ1 25: 8 cut or sold outQ2 25: 4 bought or addedQ2 25: 8 cut or sold outQ2 25Q3 25: 6 bought or addedQ3 25: 5 cut or sold outQ4 25: 10 bought or addedQ4 25: 5 cut or sold outQ4 25Q1 26: 7 bought or addedQ1 26: 9 cut or sold outQ2 26: 14 bought or addedQ2 26: 8 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 202473
Q4 202467
Q1 202558
Q2 202548
Q3 202565
Q4 2025105
Q1 202679
Q2 2026148

Biggest buyers

FIL Ltd Added +456,584+456.6k
MARSHALL WACE, LLP New +326,472+326.5k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP New +99,679+99.7k
RENAISSANCE TECHNOLOGIES LLC Added +43,500+43.5k
ACADIAN ASSET MANAGEMENT LLC Added +42,457+42.5k
MILLENNIUM MANAGEMENT LLC New +41,431+41.4k
HRT FINANCIAL LP New +17,289+17.3k
GOLDMAN SACHS GROUP INC Added +8,239+8.2k
Centiva Capital, LP Added +4,899+4.9k
XTX Topco Ltd Added +3,316+3.3k

Biggest sellers

JPMORGAN CHASE & CO Reduced -397,518-397.5k
Invesco Ltd. Reduced -7,922-7.9k
STATE STREET CORP Reduced -428-428
CITADEL ADVISORS LLC Reduced -334-334
BlackRock, Inc. Sold out -291-291
Tower Research Capital LLC (TRC) Sold out -259-259
RHUMBLINE ADVISERS Reduced -140-140
Caitong International Asset Management Co., Ltd Reduced -7-7

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
FIL Ltd 13G · institution new · filed 2026-02-05 6.0% new 266.8m 2026-02-05

Fell to 5% or below in the last year: RAYS Capital Partners Ltd (4.5%, 2026-02-13), TIGER GLOBAL MANAGEMENT LLC (0.0%, 2025-11-14)

Insider purchases and sales since 1 Apr 2026

Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.

Officers and directors buying vs selling

Number of people, by quarter (10% owners not included)

BuyingSelling
101Q4 24: 0 buyingQ4 24: 0 sellingQ1 25: 0 buyingQ1 25: 0 sellingQ1 25Q2 25: 0 buyingQ2 25: 0 sellingQ3 25: 0 buyingQ3 25: 0 sellingQ3 25Q4 25: 0 buyingQ4 25: 0 sellingQ1 26: 0 buyingQ1 26: 0 sellingQ1 26Q2 26: 0 buyingQ2 26: 0 sellingQ3 26: 0 buyingQ3 26: 1 sellingQ3 26
Numbers
QuarterBuyingBoughtSellingSoldSold under a plan
Q4 20240—0——
Q1 20250—0——
Q2 20250—0——
Q3 20250—0——
Q4 20250—0——
Q1 20260—0——
Q2 20260—0——
Q3 20260—1——
DateInsiderTradeSharesPrice ValueTheir holding
2026-09-11 Han Yunjie Director Sold 9,289,000 — —9.3m shares -86%
2026-09-09 Han Yunjie Director Sold 672,910 — —672.9k shares -6%

Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio TORONTO ONTARIO, A6 10,618,51610.6m $24.0m $24.0m 0.01% Unchanged
2 FIL Ltd 0.01% of their portfolio HAMILTON, D0 8,563,5288.6m $19.4m $19.4m 0.01% Added +456.6k +456,584
3 Boundless Plain Holdings Ltd 1.26% of their portfolio HONG KONG, K3 2,397,9792.4m $5.4m $5.4m 1.26% Unchanged
4 MARSHALL WACE, LLP 0.00% of their portfolio LONDON, X0 326,472326.5k $737.8k $737.8k 0.00% New
5 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 133,400133.4k $301.5k $301.5k 0.00% Added +43.5k +43,500
6 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio BOSTON, MA 99,67999.7k $225.3k $225.3k 0.00% New
7 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 68,94868.9k $155.8k $155.8k 0.00% Reduced -7.9k -7,922
8 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 65,99966.0k $149.2k $149.2k 0.00% Reduced -334 -334
9 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 62,15362.2k $135.0k $135.0k 0.00% Added +42.5k +42,457
10 Oasis Management Co Ltd. 0.01% of their portfolio GRAND CAYMAN, E9 50,00050.0k $113.0k $113.0k 0.01% Unchanged
11 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 41,43141.4k $93.6k $93.6k 0.00% New
12 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 33,13533.1k $74.9k $74.9k 0.00% Added +8.2k +8,239
13 Centiva Capital, LP 0.00% of their portfolio New York, NY 19,25519.3k $43.5k $43.5k 0.00% Added +4.9k +4,899
14 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 18,51118.5k $41.8k $41.8k 0.00% Added +3.3k +3,316
15 HRT FINANCIAL LP 0.00% of their portfolio NEW YORK, NY 17,28917.3k $39.0k $39.0k 0.00% New
16 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 13,80413.8k $30.5k $30.5k 0.00% Reduced -397.5k -397,518
17 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,79210.8k $24.4k $24.4k 0.00% Reduced -428 -428
18 FMR LLC 0.00% of their portfolio BOSTON, MA 1,7621.8k $4.0k $4.0k 0.00% Unchanged
19 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0121.0k $2.3k $2.3k 0.00% New
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 789789 $2.0k $2.0k 0.00% Added +286 +286
21 Quarry LP 0.00% of their portfolio NEW YORK, NY 621621 $1.4k $1.4k 0.00% New
22 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 292292 $659 $659 0.00% Reduced -140 -140
23 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 8282 $185 $185 0.00% New
24 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 33 $7 $7 0.00% Reduced -7 -7