ZHIHU INC
ADS · CUSIP 98955N108
55
institutional holders
+9 vs Q3 2022
61.8m
shares reported held*
$80.3mreported value*
16 new
18 added
11 reduced
7 sold out
net sold ≈ $16.2m (-12.5m 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 ≈ $1.30. Options: 4 managers hold calls ($112.7k notional), 5 hold puts ($38.7k).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 46 |
| Q4 2022 | 55 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
CallsPuts
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $51.0k | $54.0k | 1.06 |
| Q4 2022 | $112.7k | $38.7k | 0.34 |
Biggest buyers
| BANK OF AMERICA CORP /DE/ | Added | +6.2m |
| Carmignac Gestion | New | +3.0m |
| JANE STREET GROUP, LLC | Added | +2.4m |
| MARSHALL WACE, LLP | New | +2.0m |
| STATE STREET CORP | Added | +1.5m |
| RENAISSANCE TECHNOLOGIES LLC | Added | +1.3m |
| HRT FINANCIAL LP | Added | +1.2m |
| TWO SIGMA INVESTMENTS, LP | New | +827.7k |
| Yong Rong (HK) Asset Management Ltd | New | +800.0k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC | Added | +773.6k |
Biggest sellers
| Krane Funds Advisors LLC | Sold out | -18.4m |
| Yiheng Capital Management, L.P. | Reduced | -6.3m |
| Capital Today Evergreen Fund, L.P. | Sold out | -4.8m |
| E Fund Management Co., Ltd. | Sold out | -3.0m |
| GOLDMAN SACHS GROUP INC | Reduced | -1.2m |
| CITIGROUP INC | Reduced | -280.3k |
| FLOW TRADERS U.S. LLC | Sold out | -260.9k |
| MORGAN STANLEY | Reduced | -213.1k |
| BNP PARIBAS FINANCIAL MARKETS | Sold out | -166.7k |
| Verition Fund Management LLC | Sold out | -118.1k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $57.5k44.2k shares |
| SIMPLEX TRADING, LLC | Added | $48.0k37.2k shares |
| GROUP ONE TRADING LLC | Reduced | $7.3k5.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| JANE STREET GROUP, LLC | Reduced | $18.2k14.0k shares |
| CITADEL ADVISORS LLC | Reduced | $13.1k10.1k shares |
| SIMPLEX TRADING, LLC | Added | $7.0k5.9k shares |
| GROUP ONE TRADING LLC | Unchanged | $390300 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 7.6m $9.9m | Reduced -1.2m |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 6.3m $8.2m | Added +6.2m |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.6m $7.3m | Added +463 |
| UBS Group AG 0.00% of their portfolio | 5.3m $6.9m | Added +65.9k |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 0.76% of their portfolio | 4.9m $6.4m | Added +773.6k |
| MORGAN STANLEY 0.00% of their portfolio | 4.4m $5.7m | Reduced -213.1k |
| Yiheng Capital Management, L.P. 0.36% of their portfolio | 3.6m $4.7m | Reduced -6.3m |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 3.3m $4.4m | Added +2.4m |
| STATE STREET CORP 0.00% of their portfolio | 3.3m $4.3m | Added +1.5m |
| Carmignac Gestion 0.07% of their portfolio | 3.0m $3.9m | New |
| MARSHALL WACE, LLP 0.01% of their portfolio | 2.0m $2.6m | New |
| BARINGS LLC 0.09% of their portfolio | 1.9m $2.5m | Unchanged |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 1.7m $2.2m | Added +1.3m |
| HRT FINANCIAL LP 0.02% of their portfolio | 1.2m $1.6m | Added +1.2m |
| Invesco Ltd. 0.00% of their portfolio | 1.1m $1.5m | Reduced -40.5k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 827.7k $1.1m | New |
| Yong Rong (HK) Asset Management Ltd 0.65% of their portfolio | 800.0k $1.0m | New |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 734.2k $954.0k | Added +169.8k |
| Prescott Group Capital Management, L.L.C. 0.21% of their portfolio | 729.3k $948.0k | Added +556.2k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 441.8k $574.3k | Added +203.5k |
| Legal & General Group Plc 0.00% of their portfolio | 413.9k $538.2k | Unchanged |
| California Public Employees Retirement System 0.00% of their portfolio | 333.6k $433.6k | Unchanged |
| CAXTON ASSOCIATES LP 0.03% of their portfolio | 303.2k $394.1k | New |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 258.5k $336.0k | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 230.3k $299.4k | Added +8.0k |
| ExodusPoint Capital Management, LP 0.00% of their portfolio | 220.9k $287.0k | New |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.05% of their portfolio | 178.6k $232.2k | Added +855 |
| BlackRock Inc. 0.00% of their portfolio | 138.2k $179.6k | Added +10.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 131.9k $171.5k | Added +67.9k |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 101.0k $131.0k | New |
| RBF Capital, LLC 0.01% of their portfolio | 80.0k $110.0k | New |
| GSA CAPITAL PARTNERS LLP 0.01% of their portfolio | 65.1k $85.0k | New |
| Alpine Global Management, LLC 0.03% of their portfolio | 65.0k $85.0k | New |
| Squarepoint Ops LLC 0.00% of their portfolio | 59.5k $77.3k | New |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 45.0k $58.5k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 30.9k $40.2k | Added +27.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 28.7k $37.4k | Reduced -2.7k |
| Vident Investment Advisory, LLC 0.00% of their portfolio | 23.2k $30.2k | New |
| CITIGROUP INC 0.00% of their portfolio | 15.4k $20.0k | Reduced -280.3k |
| SIMPLEX TRADING, LLC 0.00% of their portfolio | 15.2k $19.0k | Reduced -25.0k |
| BOOTHBAY FUND MANAGEMENT, LLC 0.00% of their portfolio | 15.0k $19.5k | New |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 14.5k $18.9k | Added +244 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 13.6k $18.0k | Reduced -7.8k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 11.8k $15.4k | Added +487 |
| Ground Swell Capital, LLC 0.07% of their portfolio | 11.8k $15.3k | New |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 10.4k $13.5k | Reduced -800 |
| BRIGHTON JONES LLC 0.00% of their portfolio | 10.0k $13.0k | Unchanged |
| MONTAG A & ASSOCIATES INC 0.00% of their portfolio | 3.9k $5.1k | Unchanged |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 2.0k $2.6k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 1.6k $2.0k | Reduced -14.4k |
| TSFG, LLC 0.00% of their portfolio | 700 $1.0k | Unchanged |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 285 $0 | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 50 $65 | First filing |
| Cutler Group LLC / CA 0.00% of their portfolio | 1 $0 | Reduced -1.4k |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |