ZKH GROUP LTD ZKH
SPONSORED ADS · ADR · CUSIP 98877R104
- SectorConsumer discretionary
- IndustryRetail-Building Materials, Hardware, Garden Supply
- FilingsSEC EDGAR
* 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
Numbers
| Quarter | Holders |
|---|---|
| Q4 2023 | 6 |
| Q1 2024 | 5 |
| Q2 2024 | 12 |
| Q3 2024 | 16 |
| Q4 2024 | 16 |
| Q1 2025 | 15 |
| Q2 2025 | 14 |
| Q3 2025 | 12 |
| Q4 2025 | 19 |
| Q1 2026 | 19 |
| Q2 2026 | 24 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 7 | 3 |
| Q4 2024 | 6 | 7 |
| Q1 2025 | 5 | 8 |
| Q2 2025 | 4 | 8 |
| Q3 2025 | 6 | 5 |
| Q4 2025 | 10 | 5 |
| Q1 2026 | 7 | 9 |
| Q2 2026 | 14 | 8 |
Biggest buyers
| FIL Ltd | Added | +456.6k |
| MARSHALL WACE, LLP | New | +326.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +99.7k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +43.5k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +42.5k |
| MILLENNIUM MANAGEMENT LLC | New | +41.4k |
| HRT FINANCIAL LP | New | +17.3k |
| GOLDMAN SACHS GROUP INC | Added | +8.2k |
| Centiva Capital, LP | Added | +4.9k |
| XTX Topco Ltd | Added | +3.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -397.5k |
| Invesco Ltd. | Reduced | -7.9k |
| STATE STREET CORP | Reduced | -428 |
| CITADEL ADVISORS LLC | Reduced | -334 |
| BlackRock, Inc. | Sold out | -291 |
| Tower Research Capital LLC (TRC) | Sold out | -259 |
| RHUMBLINE ADVISERS | Reduced | -140 |
| Caitong International Asset Management Co., Ltd | Reduced | -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.
| Holder | Stake |
|---|---|
| FIL Ltd 13G · institution new · filed 2026-02-05 | 6.0% |
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)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 0 | — | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 1 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-11 | Han Yunjie Director | Sold | —9.3m shares |
| 2026-09-09 | Han Yunjie Director | Sold | —672.9k shares |
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
| Manager | Shares | Change |
|---|---|---|
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 10.6m $24.0m | Unchanged |
| FIL Ltd 0.01% of their portfolio | 8.6m $19.4m | Added +456.6k |
| Boundless Plain Holdings Ltd 1.26% of their portfolio | 2.4m $5.4m | Unchanged |
| MARSHALL WACE, LLP 0.00% of their portfolio | 326.5k $737.8k | New |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 133.4k $301.5k | Added +43.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 99.7k $225.3k | New |
| Invesco Ltd. 0.00% of their portfolio | 68.9k $155.8k | Reduced -7.9k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 66.0k $149.2k | Reduced -334 |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 62.2k $135.0k | Added +42.5k |
| Oasis Management Co Ltd. 0.01% of their portfolio | 50.0k $113.0k | Unchanged |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 41.4k $93.6k | New |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 33.1k $74.9k | Added +8.2k |
| Centiva Capital, LP 0.00% of their portfolio | 19.3k $43.5k | Added +4.9k |
| XTX Topco Ltd 0.00% of their portfolio | 18.5k $41.8k | Added +3.3k |
| HRT FINANCIAL LP 0.00% of their portfolio | 17.3k $39.0k | New |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 13.8k $30.5k | Reduced -397.5k |
| STATE STREET CORP 0.00% of their portfolio | 10.8k $24.4k | Reduced -428 |
| FMR LLC 0.00% of their portfolio | 1.8k $4.0k | Unchanged |
| UBS Group AG 0.00% of their portfolio | 1.0k $2.3k | New |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 789 $2.0k | Added +286 |
| Quarry LP 0.00% of their portfolio | 621 $1.4k | New |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 292 $659 | Reduced -140 |
| MORGAN STANLEY 0.00% of their portfolio | 82 $185 | New |
| Caitong International Asset Management Co., Ltd 0.00% of their portfolio | 3 $7 | Reduced -7 |