Vault-13

ZTO EXPRESS CAYMAN INC ZTO

SPONSORED ADS A · ADR · CUSIP 98980A105 · ISIN US98980A1051

240 institutional holders -12 vs Q1 2023
254,275,585254.3m shares reported held*
$29.5bnreported value*
21 new 95 added 92 reduced 34 sold out net sold ≈ $103.3m (-4.1m 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 ($9.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $115.95. Options: 11 managers hold calls ($54.4m notional), 15 hold puts ($65.2m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 243Q4 22: 243Q1 23: 252Q2 23: 240240Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022243
Q4 2022243
Q1 2023252
Q2 2023240

Buyers vs sellers

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

Bought or addedCut or sold out
2000200Q4 22: 118 bought or addedQ4 22: 119 cut or sold outQ4 22Q1 23: 141 bought or addedQ1 23: 104 cut or sold outQ1 23Q2 23: 116 bought or addedQ2 23: 126 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022118119
Q1 2023141104
Q2 2023116126

Calls vs puts

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

CallsPuts
$0$2bn$4bn$6bnQ3 22 calls: $5.0bnQ3 22 puts: $20.3mQ3 22P/C 0.00Q4 22 calls: $228.9mQ4 22 puts: $202.0mQ4 22P/C 0.88Q1 23 calls: $94.9mQ1 23 puts: $113.3mQ1 23P/C 1.19Q2 23 calls: $54.4mQ2 23 puts: $65.2mQ2 23P/C 1.20
Numbers
QuarterCallsPutsP/C
Q3 2022$5.0bn$20.3m0.00
Q4 2022$228.9m$202.0m0.88
Q1 2023$94.9m$113.3m1.19
Q2 2023$54.4m$65.2m1.20

Biggest buyers

JPMORGAN CHASE & CO Added +4,457,822+4.5m
HHLR ADVISORS, LTD. Added +2,066,914+2.1m
HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND Added +1,355,600+1.4m
Greenwoods Asset Management Hong Kong Ltd. Added +1,199,950+1.2m
JANE STREET GROUP, LLC Added +1,158,542+1.2m
Veritas Asset Management LLP New +1,030,000+1.0m
CANADA PENSION PLAN INVESTMENT BOARD Added +826,500+826.5k
NATIONAL BANK OF CANADA /FI/ Added +724,304+724.3k
BARCLAYS PLC Added +701,969+702.0k
RENAISSANCE TECHNOLOGIES LLC Added +650,700+650.7k

Biggest sellers

GOLDMAN SACHS GROUP INC Reduced -3,737,732-3.7m
WELLINGTON MANAGEMENT GROUP LLP Reduced -2,808,471-2.8m
Green Court Capital Management Ltd Reduced -2,284,086-2.3m
GEODE CAPITAL MANAGEMENT, LLC Reduced -1,535,368-1.5m
HSBC HOLDINGS PLC Reduced -1,521,939-1.5m
CITIGROUP INC Reduced -1,365,758-1.4m
WFM ASIA (BVI) Ltd Reduced -1,166,123-1.2m
MORGAN STANLEY Reduced -1,026,789-1.0m
HCEP Management Ltd Sold out -975,000-975.0k
SCHRODER INVESTMENT MANAGEMENT GROUP Reduced -939,295-939.3k

Biggest calls

Walleye Trading LLC Added $24.3m967.1k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $9.3m369.6k shares
Squarepoint Ops LLC Reduced $8.3m329.7k shares
CITADEL ADVISORS LLC Reduced $4.6m181.9k shares
D. E. Shaw & Co., Inc. Added $2.8m111.5k shares
SIMPLEX TRADING, LLC Reduced $1.7m65.9k shares
Parallax Volatility Advisers, L.P. Reduced $1.6m65.0k shares
GROUP ONE TRADING LLC Reduced $925.5k36.9k shares
JANE STREET GROUP, LLC Reduced $539.2k21.5k shares
Walleye Capital LLC Reduced $453.9k18.1k shares

Biggest puts

Portman Square Capital LLP Reduced $32.1m1.3m shares
Walleye Trading LLC Added $10.8m431.0k shares
HBK INVESTMENTS L P Added $7.3m292.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $5.2m207.5k shares
GOLDMAN SACHS GROUP INC New $2.5m100.0k shares
CITADEL ADVISORS LLC Reduced $1.8m72.5k shares
GROUP ONE TRADING LLC Reduced $1.4m54.2k shares
Parallax Volatility Advisers, L.P. New $1.2m49.4k shares
PEAK6 Investments LLC New $1.1m45.3k shares
Squarepoint Ops LLC Unchanged $687.2k27.4k 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.

Insider purchases and sales in Q2 2023

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 Q2 2023.

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Invesco Ltd. 0.27% of their portfolio ATLANTA, GA 41,788,11941.8m $1.0bn $1.0bn 0.27% Reduced -626.0k -625,996
2 BlackRock Inc. 0.01% of their portfolio New York, NY 19,256,28219.3m $482.9m $482.9m 0.01% Reduced -508.6k -508,638
3 PLATINUM INVESTMENT MANAGEMENT LTD 13.64% of their portfolio SYDNEY AUSTRALIA 2000, C3 15,675,04115.7m $393.1m $393.1m 13.64% Reduced -414.1k -414,103
4 WELLINGTON MANAGEMENT GROUP LLP 0.06% of their portfolio Boston, MA 11,970,55712.0m $300.2m $300.2m 0.06% Reduced -2.8m -2,808,471
5 Capital Research Global Investors 0.07% of their portfolio Los Angeles, CA 11,104,64811.1m $278.5m $278.5m 0.07% Added +60.1k +60,080
6 Temasek Holdings (Private) Ltd 1.51% of their portfolio SINGAPORE, U0 10,426,75010.4m $261.5m $261.5m 1.51% Unchanged
7 Green Court Capital Management Ltd 87.71% of their portfolio HONG KONG, K3 8,074,6098.1m $202.5m $202.5m 87.71% Reduced -2.3m -2,284,086
8 GOLDMAN SACHS GROUP INC 0.05% of their portfolio NEW YORK, NY 7,440,4347.4m $186.6m $186.6m 0.05% Reduced -3.7m -3,737,732
9 JPMORGAN CHASE & CO 0.02% of their portfolio NEW YORK, NY 7,164,7467.2m $179.7m $179.7m 0.02% Added +4.5m +4,457,822
10 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 6,633,0756.6m $166.4m $166.4m 0.01% Reduced -244.1k -244,113
11 Greenwoods Asset Management Hong Kong Ltd. 6.19% of their portfolio HONG KONG, K3 5,108,0005.1m $128.1m $128.1m 6.19% Added +1.2m +1,199,950
12 SCHRODER INVESTMENT MANAGEMENT GROUP 0.18% of their portfolio London, X0 4,906,7034.9m $123.1m $123.1m 0.18% Reduced -939.3k -939,295
13 SERENITY CAPITAL MANAGEMENT PTE. LTD. 63.91% of their portfolio Singapore, U0 4,856,9874.9m $121.8m $121.8m 63.91% Unchanged
14 Tiger Pacific Capital LP 29.60% of their portfolio NEW YORK, NY 4,325,1704.3m $108.5m $108.5m 29.60% Reduced -549.0k -549,011
15 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 4,042,8704.0m $101.4m $101.4m 0.01% Reduced -1.0m -1,026,789
16 WFM ASIA (BVI) Ltd 9.95% of their portfolio HONG KONG, K3 3,667,4773.7m $92.0m $92.0m 9.95% Reduced -1.2m -1,166,123
17 FIL Ltd 0.09% of their portfolio HAMILTON, D0 3,223,8593.2m $80.9m $80.9m 0.09% Reduced -139.6k -139,576
18 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 3,179,6183.2m $79.7m $79.7m 0.01% Reduced -920.4k -920,442
19 Perseverance Asset Management International 20.54% of their portfolio GEORGE TOWN, E9 2,710,4522.7m $68.0m $68.0m 20.54% Added +474.1k +474,132
20 Legal & General Group Plc 0.02% of their portfolio London, X0 2,537,2972.5m $63.6m $63.6m 0.02% Added +11.3k +11,276
21 HHLR ADVISORS, LTD. 1.33% of their portfolio GRAND CAYMAN, E9 2,497,4142.5m $62.6m $62.6m 1.33% Added +2.1m +2,066,914
22 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio NEW YORK, NY 2,394,7022.4m $68.6m $68.6m 0.03% Unchanged
23 Harding Loevner LP 0.32% of their portfolio Bridgewater, NJ 2,167,6492.2m $54.4m $54.4m 0.32% Reduced -884.3k -884,265
24 WCM INVESTMENT MANAGEMENT, LLC 0.16% of their portfolio LAGUNA BEACH, CA 2,085,1192.1m $52.2m $52.2m 0.16% Reduced -53.8k -53,812
25 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 2,042,0282.0m $50.9m $50.9m 0.01% Reduced -1.5m -1,535,368
26 CANADA PENSION PLAN INVESTMENT BOARD 0.08% of their portfolio TORONTO ONTARIO, A6 2,009,8802.0m $50.4m $50.4m 0.08% Added +826.5k +826,500
27 DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio AUSTIN, TX 1,900,7961.9m $47.7m $47.7m 0.02% Reduced -93.9k -93,881
28 UBS Group AG 0.02% of their portfolio ZURICH, V8 1,832,7891.8m $46.0m $46.0m 0.02% Added +171.4k +171,351
29 RENAISSANCE TECHNOLOGIES LLC 0.07% of their portfolio NEW YORK, NY 1,798,9001.8m $45.1m $45.1m 0.07% Added +650.7k +650,700
30 Balyasny Asset Management L.P. 0.12% of their portfolio Chicago, IL 1,706,3261.7m $42.8m $42.8m 0.12% Added +277.4k +277,353
31 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 1,701,8411.7m $42.7m $42.7m 0.01% Added +131.4k +131,415
32 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 1,667,0231.7m $41.8m $41.8m 0.03% Added +360.1k +360,058
33 JANE STREET GROUP, LLC 0.06% of their portfolio NEW YORK, NY 1,647,5471.6m $41.3m $41.3m 0.06% Added +1.2m +1,158,542
34 BNP PARIBAS FINANCIAL MARKETS 0.07% of their portfolio PARIS, I0 1,497,2091.5m $37.6m $37.6m 0.07% Reduced -93.4k -93,435
35 NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio ALBANY, NY 1,484,9751.5m $37.2m $37.2m 0.05% Added +47.6k +47,600
36 Candriam S.C.A. 0.27% of their portfolio STRASSEN, N4 1,472,1101.5m $36.9m $36.9m 0.27% Reduced -155.1k -155,120
37 LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio NEW YORK, NY 1,418,2501.4m $35.6m $35.6m 0.04% Added +204.7k +204,689
38 HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.16% of their portfolio TORONTO, A6 1,403,3001.4m $35.2m $35.2m 0.16% Added +1.4m +1,355,600
39 BRANDES INVESTMENT PARTNERS, LP 0.67% of their portfolio LA JOLLA, CA 1,326,0251.3m $33.3m $33.3m 0.67% Reduced -66.1k -66,145
40 Amundi 0.02% of their portfolio Paris, I0 1,316,6951.3m $33.1m $33.1m 0.02% Reduced -325.5k -325,531
41 Allianz Asset Management GmbH 0.07% of their portfolio MUNICH, 2M 1,314,1361.3m $33.0m $33.0m 0.07% Added +220.0k +220,033
42 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 1,300,5831.3m $32.6m $32.6m 0.03% Reduced -107.0k -106,987
43 NATIONAL BANK OF CANADA /FI/ 0.07% of their portfolio MONTREAL, A8 1,300,0001.3m $32.7m $32.7m 0.07% Added +724.3k +724,304
44 NORDEA INVESTMENT MANAGEMENT AB 0.04% of their portfolio STOCKHOLM, V7 1,295,8011.3m $32.5m $32.5m 0.04% Added +195.8k +195,807
45 HSBC HOLDINGS PLC 0.03% of their portfolio LONDON, X0 1,123,3651.1m $28.2m $28.2m 0.03% Reduced -1.5m -1,521,939
46 Library Research Ltd 44.71% of their portfolio HONG KONG, K3 1,081,3151.1m $27.1m $27.1m 44.71% Added +350.6k +350,638
47 Swiss National Bank 0.02% of their portfolio ZURICH, V8 1,067,6611.1m $26.8m $26.8m 0.02% Reduced -112.0k -112,044
48 Veritas Asset Management LLP 0.18% of their portfolio London, X0 1,030,0001.0m $25.8m $25.8m 0.18% New
49 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 1,010,0931.0m $25.3m $25.3m 0.02% Added +702.0k +701,969
50 Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio CHIYODA-KU, TOKYO, M0 1,002,2241.0m $25.1m $25.1m 0.02% Reduced -11.3k -11,315
51 Bridgewater Associates, LP 0.15% of their portfolio Westport, CT 966,640966.6k $24.2m $24.2m 0.15% Added +194.9k +194,882
52 TODD ASSET MANAGEMENT LLC 0.54% of their portfolio Louisville, KY 919,610919.6k $23.1m $23.1m 0.54% Added +4.3k +4,254
53 ROYAL BANK OF CANADA 0.01% of their portfolio TORONTO, A6 915,725915.7k $23.0m $23.0m 0.01% Reduced -302.5k -302,486
54 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 904,605904.6k $22.7m $22.7m 0.01% Added +429 +429
55 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 899,340899.3k $22.6m $22.6m 0.02% Added +222.3k +222,315
56 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 851,388851.4k $21.4m $21.4m 0.00% Added +10.7k +10,677
57 Caisse de depot et placement du Quebec 0.06% of their portfolio Montreal, A8 835,150835.1k $20.9m $20.9m 0.06% Reduced -177.3k -177,300
58 PICTET ASSET MANAGEMENT SA 0.02% of their portfolio GENEVA 73, V8 804,312804.3k $20.2m $20.2m 0.02% Added +36.9k +36,933
59 Calixto Global Investors, LP 22.00% of their portfolio CORAL GABLES, FL 757,091757.1k $19.0m $19.0m 22.00% Reduced -130.8k -130,800
60 D. E. Shaw & Co., Inc. 0.03% of their portfolio New York, NY 741,740741.7k $18.6m $18.6m 0.03% Added +254.8k +254,785
61 Robeco Institutional Asset Management B.V. 0.04% of their portfolio ROTTERDAM, P7 667,917667.9k $16.8m $16.8m 0.04% Added +422.7k +422,725
62 ROYAL LONDON ASSET MANAGEMENT LTD 0.05% of their portfolio UNITED KINGDOM, X0 632,752632.8k $15.9m $15.9m 0.05% Added +31.0k +31,000
63 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 573,602573.6k $14.4m $14.4m 0.01% Reduced -12.6k -12,553
64 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 572,776572.8k $14.4m $14.4m 0.03% New
65 AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio Greenwich, CT 568,103568.1k $14.2m $14.2m 0.03% Added +772 +772
66 VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.07% of their portfolio JUPITER, FL 551,684551.7k $13.8m $13.8m 0.07% Reduced -334.9k -334,928
67 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 539,884539.9k $13.5m $13.5m 0.01% Reduced -6.9k -6,900
68 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 515,752515.8k $12.9m $12.9m 0.02% Reduced -1.4m -1,365,758
69 TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.12% of their portfolio FRANKFORT, KY 480,170480.2k $12.0m $12.0m 0.12% Unchanged
70 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 451,712451.7k $11.3m $11.3m 0.00% Added +9.4k +9,424
71 CANADA LIFE ASSURANCE Co 0.03% of their portfolio WINNIPEG, A2 430,429430.4k $10.8m $10.8m 0.03% Reduced -100.6k -100,600
72 TWO SIGMA INVESTMENTS, LP 0.03% of their portfolio NEW YORK, NY 423,381423.4k $10.6m $10.6m 0.03% Added +34.9k +34,884
73 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 418,543418.5k $10.5m $10.5m 0.01% Added +49.2k +49,230
74 STOREBRAND ASSET MANAGEMENT AS 0.05% of their portfolio LYSAKER, Q8 399,804399.8k $10.0m $10.0m 0.05% Added +7.3k +7,256
75 JANUS HENDERSON GROUP PLC 0.01% of their portfolio LONDON, X0 393,673393.7k $9.9m $9.9m 0.01% Unchanged
76 E Fund Management (Hong Kong) Co., Ltd. 7.08% of their portfolio CENTRAL, K3 378,976379.0k $9.5m $9.5m 7.08% Reduced -17.0k -17,045
77 E Fund Management Co., Ltd. 0.75% of their portfolio GUANGZHOU, F4 378,976379.0k $9.5m $9.5m 0.75% Reduced -17.0k -17,045
78 KBC Group NV 0.04% of their portfolio Brussels, C9 373,150373.1k $9.4m $9.4m 0.04% Added +110.5k +110,457
79 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 357,261357.3k $9.0m $9.0m 0.01% Reduced -197.6k -197,629
80 Connor, Clark & Lunn Investment Management Ltd. 0.04% of their portfolio VANCOUVER, A1 350,862350.9k $8.8m $8.8m 0.04% Added +251.8k +251,850
81 State of New Jersey Common Pension Fund D 0.03% of their portfolio TRENTON, NJ 349,475349.5k $8.8m $8.8m 0.03% Reduced -6.1k -6,056
82 SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.32% of their portfolio BALA CYNWYD, PA 347,029347.0k $8.7m $8.7m 0.32% Unchanged
83 Maytree Asset Management Ltd 8.53% of their portfolio HONG KONG, K3 336,602336.6k $8.4m $8.4m 8.53% Added +197.0k +196,981
84 Pinpoint Asset Management Ltd 16.27% of their portfolio HONG KONG, K3 320,681320.7k $23.1bn $23.1bn 16.27% New
85 Schonfeld Strategic Advisors LLC 0.07% of their portfolio NEW YORK, NY 320,674320.7k $8.0m $8.0m 0.07% Added +256.7k +256,674
86 Asset Management One Co., Ltd. 0.03% of their portfolio TOKYO, M0 313,735313.7k $7.9m $7.9m 0.03% Added +2.4k +2,421
87 CITADEL ADVISORS LLC 0.01% of their portfolio MIAMI, FL 308,255308.3k $7.7m $7.7m 0.01% Reduced -23.3k -23,257
88 TEACHER RETIREMENT SYSTEM OF TEXAS 0.05% of their portfolio AUSTIN, TX 285,320285.3k $7.2m $7.2m 0.05% Added +102.2k +102,249
89 Korea Investment CORP 0.02% of their portfolio SEOUL, M5 271,487271.5k $6.8m $6.8m 0.02% Reduced -13.5k -13,500
90 Andra AP-fonden 0.17% of their portfolio GOTEBORG, V7 266,900266.9k $6.7m $6.7m 0.17% Added +4.0k +4,000
91 AVIVA PLC 0.03% of their portfolio LONDON, X0 265,505265.5k $6.7m $6.7m 0.03% Added +14.8k +14,800
92 COATUE MANAGEMENT LLC 0.03% of their portfolio New York, NY 262,184262.2k $6.6m $6.6m 0.03% New
93 AXA S.A. 0.02% of their portfolio PARIS, I0 253,328253.3k $6.4m $6.4m 0.02% New
94 FMR LLC 0.00% of their portfolio BOSTON, MA 251,008251.0k $6.3m $6.3m 0.00% Added +191.0k +191,008
95 LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio LOS ANGELES, CA 247,461247.5k $6.2m $6.2m 0.02% Added +31.1k +31,122
96 Handelsbanken Fonder AB 0.03% of their portfolio STOCKHOLM, V7 246,235246.2k $6.2m $6.2m 0.03% Added +1.5k +1,503
97 OCEAN ARETE LTD 43.14% of their portfolio Hong Kong, K3 236,400236.4k $5.9m $5.9m 43.14% Reduced -15.7k -15,700
98 NEW SILK ROAD INVESTMENT PTE LTD 11.89% of their portfolio SINGAPORE, U0 233,131233.1k $5.8m $5.8m 11.89% Added +57.7k +57,700
99 Point72 Asset Management, L.P. 0.02% of their portfolio STAMFORD, CT 227,935227.9k $5.7m $5.7m 0.02% New
100 PRUDENTIAL PLC 0.07% of their portfolio LONDON, X0 224,818224.8k $5.6m $5.6m 0.07% Added +26.5k +26,531