ZHIHU INC
ADS · CUSIP 98955N108
48
institutional holders
-11 vs Q1 2023
73.1m
shares reported held*
$82.6mreported value*
7 new
10 added
13 reduced
18 sold out
net sold ≈ $9.0m (-7.9m 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 ($461.2k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $1.13. Options: 4 managers hold calls ($62.2k notional), 4 hold puts ($43.2k).
Trends to Q2 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 46 |
| Q4 2022 | 55 |
| Q1 2023 | 59 |
| Q2 2023 | 48 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Bought or addedCut or sold out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 34 | 18 |
| Q1 2023 | 31 | 30 |
| Q2 2023 | 17 | 31 |
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 |
| Q1 2023 | $94.7k | $64.0k | 0.68 |
| Q2 2023 | $62.2k | $43.2k | 0.69 |
Biggest buyers
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC | Added | +5.4m |
| CANADA PENSION PLAN INVESTMENT BOARD | New | +983.1k |
| STATE STREET CORP | Added | +437.5k |
| ACADIAN ASSET MANAGEMENT LLC | Added | +429.1k |
| JACOB ASSET MANAGEMENT OF NEW YORK LLC | New | +391.5k |
| Invesco Ltd. | New | +259.2k |
| UBS Group AG | Added | +139.1k |
| MORGAN STANLEY | Added | +105.2k |
| GOLDMAN SACHS GROUP INC | Added | +95.9k |
| CAXTON ASSOCIATES LP | New | +53.7k |
Biggest sellers
| Point72 Hong Kong Ltd | Reduced | -5.1m |
| Point72 Asset Management, L.P. | Reduced | -2.2m |
| Carmignac Gestion | Sold out | -2.0m |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -1.5m |
| Bridgewater Associates, LP | Sold out | -1.0m |
| MILLENNIUM MANAGEMENT LLC | Sold out | -888.0k |
| Prescott Group Capital Management, L.L.C. | Sold out | -729.3k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -714.4k |
| OPTIMAS CAPITAL Ltd | Sold out | -709.5k |
| MARSHALL WACE, LLP | Reduced | -314.8k |
Biggest calls
| SIMPLEX TRADING, LLC | Reduced | $30.0k26.9k shares |
| CITADEL ADVISORS LLC | Reduced | $24.2k21.4k shares |
| GROUP ONE TRADING LLC | Unchanged | $8.0k7.1k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SIMPLEX TRADING, LLC | Reduced | $26.0k23.2k shares |
| GROUP ONE TRADING LLC | Reduced | $14.2k12.6k shares |
| CITADEL ADVISORS LLC | Added | $2.9k2.6k 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, Q2 2023
| Manager | Shares | Change |
|---|---|---|
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 1.93% of their portfolio | 14.5m $16.4m | Added +5.4m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 13.7m $15.5m | Added +95.9k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 7.2m $8.1m | Unchanged |
| Point72 Hong Kong Ltd 2.31% of their portfolio | 6.9m $7.8m | Reduced -5.1m |
| VANGUARD GROUP INC 0.00% of their portfolio | 5.9m $6.7m | Added +47.7k |
| UBS Group AG 0.00% of their portfolio | 5.5m $6.3m | Added +139.1k |
| MORGAN STANLEY 0.00% of their portfolio | 4.8m $5.4m | Added +105.2k |
| Yiheng Capital Management, L.P. 0.36% of their portfolio | 3.6m $4.1m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 3.6m $4.0m | Added +437.5k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 1.8m $2.0m | Reduced -163.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 983.1k $1.1m | New |
| MARSHALL WACE, LLP 0.00% of their portfolio | 811.6k $917.1k | Reduced -314.8k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 553.8k $625.8k | Reduced -168.3k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 534.9k $604.0k | Reduced -714.4k |
| ACADIAN ASSET MANAGEMENT LLC 0.00% of their portfolio | 453.6k $511.0k | Added +429.1k |
| JACOB ASSET MANAGEMENT OF NEW YORK LLC 0.50% of their portfolio | 391.5k $442.4k | New |
| NOMURA HOLDINGS INC 0.00% of their portfolio | 382.8k $432.6k | Unchanged |
| Point72 Asset Management, L.P. 0.00% of their portfolio | 351.6k $397.3k | Reduced -2.2m |
| IQ EQ FUND MANAGEMENT (IRELAND) Ltd 0.06% of their portfolio | 291.4k $329.3k | Reduced -15.6k |
| California Public Employees Retirement System 0.00% of their portfolio | 264.6k $299.0k | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 259.2k $292.9k | New |
| Cedar Wealth Management, LLC 0.05% of their portfolio | 119.5k $135.0k | Unchanged |
| GSA CAPITAL PARTNERS LLP 0.01% of their portfolio | 94.0k $106.0k | Reduced -212.1k |
| Cubist Systematic Strategies, LLC 0.00% of their portfolio | 56.5k $63.9k | Reduced -43.9k |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 54.9k $62.0k | Added +18.8k |
| CAXTON ASSOCIATES LP 0.01% of their portfolio | 53.7k $60.7k | New |
| GROUP ONE TRADING LLC 0.00% of their portfolio | 47.9k $54.2k | Reduced -2.0k |
| Robeco Institutional Asset Management B.V. 0.00% of their portfolio | 45.0k $50.9k | Unchanged |
| BlackRock Inc. 0.00% of their portfolio | 43.1k $48.7k | Reduced -25.7k |
| Vident Investment Advisory, LLC 0.00% of their portfolio | 40.9k $46.2k | Added +12.9k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 30.0k $33.9k | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 28.7k $36.5k | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 28.6k $32.3k | Reduced -58.4k |
| CITADEL ADVISORS LLC 0.00% of their portfolio | 27.3k $30.9k | Added +21.6k |
| Focused Wealth Management, Inc 0.00% of their portfolio | 22.0k $24.9k | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 15.3k $17.3k | Unchanged |
| Vanguard Personalized Indexing Management, LLC 0.00% of their portfolio | 11.4k $12.9k | New |
| BRIGHTON JONES LLC 0.00% of their portfolio | 10.0k $11.3k | Unchanged |
| Tower Research Capital LLC (TRC) 0.00% of their portfolio | 8.9k $10.1k | Reduced -5.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 7.5k $9.0k | Unchanged |
| Ridgewood Investments LLC 0.00% of their portfolio | 4.0k $4.5k | Unchanged |
| MONTAG A & ASSOCIATES INC 0.00% of their portfolio | 3.9k $4.4k | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 3.6k $4.1k | Unchanged |
| TSFG, LLC 0.00% of their portfolio | 700 $1.0k | Unchanged |
| Bell Investment Advisors, Inc 0.00% of their portfolio | 586 $663 | New |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 285 $322 | Unchanged |
| Farther Finance Advisors, LLC 0.00% of their portfolio | 50 $57 | Unchanged |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio | 0 $0 | Unchanged |