Vault-13

ZKH GROUP LTD ZKH

SPONSORED ADS · ADR · CUSIP 98877R104

19 institutional holders +0 vs Q4 2025
21,906,48421.9m shares reported held*
$64.9mreported value*
3 new 4 added 6 reduced 3 sold out net bought ≈ $2.4m (+823.6k 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 ≈ $2.96.

Trends to Q1 2026

Institutional holders

Managers reporting a position, each quarter

01020Q4 23: 6Q1 24: 5Q2 24: 12Q3 24: 16Q4 24: 16Q1 25: 15Q2 25: 14Q3 25: 12Q4 25: 19Q1 26: 1919Q4 23Q2 24Q4 24Q2 25Q4 25Q1 26
Numbers
QuarterHolders
Q4 20236
Q1 20245
Q2 202412
Q3 202416
Q4 202416
Q1 202515
Q2 202514
Q3 202512
Q4 202519
Q1 202619

Buyers vs sellers

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

Bought or addedCut or sold out
10010Q2 24: 9 bought or addedQ2 24: 0 cut or sold outQ3 24: 7 bought or addedQ3 24: 3 cut or sold outQ3 24Q4 24: 6 bought or addedQ4 24: 7 cut or sold outQ1 25: 5 bought or addedQ1 25: 8 cut or sold outQ1 25Q2 25: 4 bought or addedQ2 25: 8 cut or sold outQ3 25: 6 bought or addedQ3 25: 5 cut or sold outQ3 25Q4 25: 10 bought or addedQ4 25: 5 cut or sold outQ1 26: 7 bought or addedQ1 26: 9 cut or sold outQ1 26
Numbers
QuarterBought or addedCut or sold out
Q2 202490
Q3 202473
Q4 202467
Q1 202558
Q2 202548
Q3 202565
Q4 2025105
Q1 202679

Biggest buyers

FIL Ltd Added +485,060+485.1k
JPMORGAN CHASE & CO Added +356,065+356.1k
CITADEL ADVISORS LLC Added +38,437+38.4k
ROYAL BANK OF CANADA New +503+503
STATE STREET CORP Added +432+432
Tower Research Capital LLC (TRC) New +259+259
Caitong International Asset Management Co., Ltd New +10+10

Biggest sellers

UBS Group AG Sold out -28,195-28.2k
ACADIAN ASSET MANAGEMENT LLC Reduced -10,693-10.7k
Police & Firemen's Retirement System of New Jersey Sold out -5,618-5.6k
GOLDMAN SACHS GROUP INC Reduced -3,913-3.9k
Centiva Capital, LP Reduced -2,235-2.2k
Invesco Ltd. Reduced -2,138-2.1k
XTX Topco Ltd Reduced -2,016-2.0k
RENAISSANCE TECHNOLOGIES LLC Reduced -1,600-1.6k
BANK OF AMERICA CORP /DE/ Sold out -796-796

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 in Q1 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.

None reported in Q1 2026.

Holders, Q1 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio TORONTO ONTARIO, A6 10,618,51610.6m $31.4m $31.4m 0.02% Unchanged
2 FIL Ltd 0.02% of their portfolio HAMILTON, D0 8,106,9448.1m $24.0m $24.0m 0.02% Added +485.1k +485,060
3 Boundless Plain Holdings Ltd 2.34% of their portfolio HONG KONG, K3 2,397,9792.4m $7.1m $7.1m 2.34% Unchanged
4 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 411,322411.3k $1.3m $1.3m 0.00% Added +356.1k +356,065
5 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 89,90089.9k $266.1k $266.1k 0.00% Reduced -1.6k -1,600
6 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 76,87076.9k $227.5k $227.5k 0.00% Reduced -2.1k -2,138
7 CITADEL ADVISORS LLC 0.00% of their portfolio MIAMI, FL 66,33366.3k $196.3k $196.3k 0.00% Added +38.4k +38,437
8 Oasis Management Co Ltd. 0.02% of their portfolio GRAND CAYMAN, E9 50,00050.0k $148.0k $148.0k 0.02% Unchanged
9 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 24,89624.9k $73.7k $73.7k 0.00% Reduced -3.9k -3,913
10 ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio Boston, MA 19,69619.7k $58.0k $58.0k 0.00% Reduced -10.7k -10,693
11 XTX Topco Ltd 0.00% of their portfolio LONDON, X0 15,19515.2k $45.0k $45.0k 0.00% Reduced -2.0k -2,016
12 Centiva Capital, LP 0.00% of their portfolio New York, NY 14,35614.4k $42.5k $42.5k 0.00% Reduced -2.2k -2,235
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,22011.2k $33.2k $33.2k 0.00% Added +432 +432
14 FMR LLC 0.00% of their portfolio BOSTON, MA 1,7621.8k $5.2k $5.2k 0.00% Unchanged
15 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 503503 $1.0k $1.0k 0.00% New
16 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 432432 $1.3k $1.3k 0.00% Unchanged
17 BlackRock, Inc. 0.00% of their portfolio New York, NY 291291 $861 $861 0.00% Unchanged
18 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 259259 $767 $767 0.00% New
19 Caitong International Asset Management Co., Ltd 0.00% of their portfolio HONG KONG, K3 1010 $30 $30 0.00% New