Who owns ZKH (ZKH)
Which tracked institutional funds hold ZKH, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ZKH company fundamentals →
Ownership as of the 2026-Q1 13F filings. 13F is disclosed up to 45 days after quarter-end, so the most recent quarter fills in over the following weeks.
How the tape is positioned
The tracked-fund tape on ZKH is one-sided between 2025-Q4 and 2026-Q1: 1 added or opened and 3 trimmed or exited — on balance reducing.
A prompt to read the filings, not a verdict. 13F is a quarter-end snapshot disclosed up to 45 days late; a fund adds or exits for mandate, benchmark, and timing reasons that have nothing to do with a view on the stock. This is a starting question, not a signal to trade.
Conviction spread
ZKH’s largest tracked holder by dollar value, CANADA PENSION PLAN INVESTMENT BOARD, sizes it at 0.0% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.0pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ZKH divided by its whole reported 13F book, so it is comparable across funds of different sizes and is unaffected by stock splits. A higher share means a fund has committed more of its book to the name — a starting question about conviction, not a verdict or a signal to trade.
Institutional & insider positioning
Between 2025-Q4 and 2026-Q1, across 19 tracked filers holding ZKH, 7 increased or opened the position and 9 reduced or closed it; over the same quarter, there were no open-market insider Form 4s.
This fuses two public signals for the same quarter — how tracked institutions changed their positions and whether insiders bought or sold in the open market. It describes what was filed; it is a starting question, not a verdict or a signal to trade.
New buyers & exits
Funds opening or closing a position in ZKH between the 2025-Q4 and 2026-Q1 13F filings, and the largest changes among funds holding it in both. New buyers and exits are counted on fund presence (split-invariant); adds and trims are measured on reported value.
Largest adds
- JPMORGAN CHASE & CO$1M
Largest trims
- CANADA PENSION PLAN INVESTMENT BOARD$8M
- FIL Ltd$4M
- Boundless Plain Holdings Ltd$2M
Institutional holders
One row per tracked fund, largest reported value first. “% of value” is the fund’s share of this security’s tracked institutional value — not of shares outstanding. Rows marked stale are from an earlier filing than the security’s latest quarter — that fund is absent from the newest snapshot (position exited, or reported under a different name).
| Fund | Shares | Reported value | % of value | Quarter |
|---|---|---|---|---|
| CANADA PENSION PLAN INVESTMENT BOARD | 10,618,516 | $31M | 34.9% | 2026-Q1 |
| FIL Ltd added | 8,106,944 | $24M | 26.7% | 2026-Q1 |
| Boundless Plain Holdings Ltd | 2,397,979 | $7M | 7.9% | 2026-Q1 |
| JPMORGAN CHASE & CO added | 411,322 | $1M | 1.4% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC trimmed | 89,900 | $266K | 0.3% | 2026-Q1 |
| Invesco Ltd. trimmed | 76,870 | $228K | 0.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 66,333 | $196K | 0.2% | 2026-Q1 |
| Oasis Management Co Ltd. | 50,000 | $148K | 0.2% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 24,896 | $74K | 0.1% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 19,696 | $58K | 0.1% | 2026-Q1 |
| XTX Topco Ltd trimmed | 15,195 | $45K | 0.0% | 2026-Q1 |
| Centiva Capital, LP trimmed | 14,356 | $42K | 0.0% | 2026-Q1 |
| STATE STREET CORP added | 11,220 | $33K | 0.0% | 2026-Q1 |
| FMR LLC | 1,762 | $5K | 0.0% | 2026-Q1 |
| RHUMBLINE ADVISERS | 432 | $1K | 0.0% | 2026-Q1 |
| ROYAL BANK OF CANADA added | 503 | $1K | 0.0% | 2026-Q1 |
| BlackRock, Inc. | 291 | $861 | 0.0% | 2026-Q1 |
| Tower Research Capital LLC (TRC) trimmed | 259 | $767 | 0.0% | 2026-Q1 |
| Caitong International Asset Management Co., Ltd new | 10 | $30 | 0.0% | 2026-Q1 |
| TIGER GLOBAL MANAGEMENT LLC trimmed | 7,996,846 | $25M | 27.3% | 2025-Q2 stale |
| Jain Global LLC new | 83,461 | $238K | 0.3% | 2025-Q3 stale |
| UBS Group AG trimmed | 28,195 | $104K | 0.1% | 2025-Q4 stale |
| Mariner, LLC trimmed | 30,065 | $101K | 0.1% | 2025-Q1 stale |
| JANE STREET GROUP, LLC new | 19,674 | $66K | 0.1% | 2025-Q1 stale |
| Police & Firemen's Retirement System of New Jersey new | 5,618 | $21K | 0.0% | 2025-Q4 stale |
| BANK OF AMERICA CORP /DE/ added | 796 | $3K | 0.0% | 2025-Q4 stale |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale |
Ownership over time
Tracked institutional holder count and total shares held by filing quarter (independent scales). The curated-era tail and any mid-ingest latest quarter are handled honestly — a partial quarter is not drawn as a collapse.
Reading this table
Funds hold the same stock for different reasons — an index fund “holds” almost everything, an active manager sizes a name to a mandate and a benchmark, and each fund entered at its own price and time. Because 13F is filed up to 45 days after quarter-end, every row is a backward-looking snapshot; a manager may have traded since. Share-class siblings (a company’s A and C shares) are rolled up to one line so a dual-class name is never double-counted. Compare like-for-like. A large holder is not an endorsement, and a fund exiting is not a warning — this is a starting question, not a verdict.
About 13F filings
A Form 13F is a quarterly disclosure that institutional investment managers with over $100 million in US-listed equities must file with the SEC. In plain English: it is a snapshot of the long stock positions a fund held at the end of a quarter. It covers long US-listed equities only — not short positions, options, cash, or private holdings — and the funds shown are the large sample we track, not the complete 13F universe.