Vault-13

ZTO EXPRESS CAYMAN INC ZTO 1.5 09.01.27

NOTE 1.500% 9/0 · EURO-DOLLAR · CUSIP 98980AAB1

4 institutional holders -2 vs Q1 2026
1,0001.0k shares reported held*
$17.1mreported value*
0 new 0 added 0 reduced 2 sold out net sold ≈ $16.4k

* 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 ≈ $17066.05.

Trends to Q2 2026

Institutional holders

Managers reporting a position, each quarter

0204060Q3 23: 55Q4 23: 53Q1 24: 55Q2 24: 56Q3 24: 56Q4 24: 55Q1 25: 55Q2 25: 45Q3 25: 10Q4 25: 7Q1 26: 6Q2 26: 44Q3 23Q2 24Q1 25Q4 25Q2 26
Numbers
QuarterHolders
Q3 202355
Q4 202353
Q1 202455
Q2 202456
Q3 202456
Q4 202455
Q1 202555
Q2 202545
Q3 202510
Q4 20257
Q1 20266
Q2 20264

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q3 24: 24 bought or addedQ3 24: 25 cut or sold outQ4 24: 26 bought or addedQ4 24: 22 cut or sold outQ4 24Q1 25: 19 bought or addedQ1 25: 25 cut or sold outQ2 25: 19 bought or addedQ2 25: 27 cut or sold outQ2 25Q3 25: 3 bought or addedQ3 25: 39 cut or sold outQ4 25: 1 bought or addedQ4 25: 5 cut or sold outQ4 25Q1 26: 2 bought or addedQ1 26: 2 cut or sold outQ2 26: 0 bought or addedQ2 26: 2 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 20242425
Q4 20242622
Q1 20251925
Q2 20251927
Q3 2025339
Q4 202515
Q1 202622
Q2 202602

Biggest buyers

None

Biggest sellers

Centiva Capital, LP Sold out -15,000-15.0k
PNC Financial Services Group, Inc. Sold out -2,000-2.0k

Holders, Q2 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 0.13% of their portfolio CHICAGO, IL 10,050,00010.1m $9.8m $9.8m 0.13% Unchanged
2 Jefferies Financial Group Inc. 0.07% of their portfolio NEW YORK, NY 7,488,0007.5m $7.2m $7.2m 0.07% Unchanged
3 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $958 $958 0.00% Unchanged
4 UBS Group AG 0.00% of their portfolio ZURICH, V8 500500 $479 $479 0.00% Unchanged