Vault-13

ZHIHU INC

ADS · CUSIP 98955N108

3 institutional holders -35 vs Q1 2024
5,360,5415.4m shares reported held*
$14.6mreported value*
2 new 0 added 1 reduced 37 sold out net sold ≈ $314.8m (-115.3m 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 ≈ $2.73.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 46Q4 22: 55Q1 23: 59Q2 23: 48Q3 23: 47Q4 23: 42Q1 24: 38Q2 24: 33Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202246
Q4 202255
Q1 202359
Q2 202348
Q3 202347
Q4 202342
Q1 202438
Q2 20243

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 34 bought or addedQ4 22: 18 cut or sold outQ4 22Q1 23: 31 bought or addedQ1 23: 30 cut or sold outQ2 23: 17 bought or addedQ2 23: 31 cut or sold outQ2 23Q3 23: 27 bought or addedQ3 23: 22 cut or sold outQ4 23: 22 bought or addedQ4 23: 25 cut or sold outQ4 23Q1 24: 16 bought or addedQ1 24: 18 cut or sold outQ2 24: 2 bought or addedQ2 24: 38 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20223418
Q1 20233130
Q2 20231731
Q3 20232722
Q4 20232225
Q1 20241618
Q2 2024238

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$50k$100k$150k$200kQ3 23 calls: $48.1kQ3 23 puts: $35.5kQ3 23P/C 0.74Q4 23 calls: $44.5kQ4 23 puts: $21.0kQ4 23P/C 0.47Q1 24 calls: $195.3kQ1 24 puts: $4.0kQ1 24P/C 0.02Q2 24 calls: $0Q2 24 puts: $0Q2 24P/C —
Numbers
QuarterCallsPutsP/C
Q3 2023$48.1k$35.5k0.74
Q4 2023$44.5k$21.0k0.47
Q1 2024$195.3k$4.0k0.02
Q2 2024$0$0—

Biggest buyers

Ridgewood Investments LLC New +666+666
Blue Trust, Inc. New +161+161

Biggest sellers

MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC Reduced -27,211,415-27.2m
VANGUARD GROUP INC Sold out -18,319,777-18.3m
MORGAN STANLEY Sold out -17,855,403-17.9m
GOLDMAN SACHS GROUP INC Sold out -16,059,319-16.1m
Alibaba Group Holding Ltd Sold out -10,526,314-10.5m
BANK OF AMERICA CORP /DE/ Sold out -6,326,258-6.3m
UBS Group AG Sold out -5,876,730-5.9m
STATE STREET CORP Sold out -4,300,146-4.3m
BlackRock Inc. Sold out -2,314,172-2.3m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Sold out -2,098,700-2.1m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC 3.18% of their portfolio SAN FRANCISCO, CA 5,359,7145.4m $14.6m $14.6m 3.18% Reduced -27.2m -27,211,415
2 Ridgewood Investments LLC 0.00% of their portfolio SPRINGFIELD, NJ 666666 $1.8k $1.8k 0.00% New
3 Blue Trust, Inc. 0.00% of their portfolio BRENTWOOD, TN 161161 $110 $110 0.00% New