Who owns 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-Q2 13F filings (latest filed 2026-09-22). 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 2026-Q1 and 2026-Q2: 1 added or opened and 4 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, TIGER GLOBAL MANAGEMENT LLC, sizes it at 0.1% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.1pp 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 2026-Q1 and 2026-Q2, across 22 tracked filers holding ZKH, 12 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 2026-Q1 and 2026-Q2 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.
New buyers 1
- MARSHALL WACE, LLP$738K
Largest trims
- CANADA PENSION PLAN INVESTMENT BOARD$7M
- FIL Ltd$5M
- Boundless Plain Holdings Ltd$2M
- JPMORGAN CHASE & CO$1M
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 | $24M | 31.7% | 2026-Q2 |
| FIL Ltd added | 8,563,528 | $19M | 25.6% | 2026-Q2 |
| Boundless Plain Holdings Ltd | 2,397,979 | $5M | 7.2% | 2026-Q2 |
| MARSHALL WACE, LLP new | 326,472 | $738K | 1.0% | 2026-Q2 |
| RENAISSANCE TECHNOLOGIES LLC added | 133,400 | $301K | 0.4% | 2026-Q2 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP new | 99,679 | $225K | 0.3% | 2026-Q2 |
| Invesco Ltd. trimmed | 68,948 | $156K | 0.2% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 65,999 | $149K | 0.2% | 2026-Q2 |
| Oasis Management Co Ltd. | 50,000 | $113K | 0.1% | 2026-Q2 |
| MILLENNIUM MANAGEMENT LLC new | 41,431 | $94K | 0.1% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 33,135 | $75K | 0.1% | 2026-Q2 |
| Centiva Capital, LP added | 19,255 | $44K | 0.1% | 2026-Q2 |
| XTX Topco Ltd added | 18,511 | $42K | 0.1% | 2026-Q2 |
| JPMORGAN CHASE & CO trimmed | 13,804 | $31K | 0.0% | 2026-Q2 |
| STATE STREET CORP trimmed | 10,792 | $24K | 0.0% | 2026-Q2 |
| FMR LLC | 1,762 | $4K | 0.0% | 2026-Q2 |
| UBS Group AG trimmed | 1,012 | $2K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA added | 789 | $2K | 0.0% | 2026-Q2 |
| Quarry LP new | 621 | $1K | 0.0% | 2026-Q2 |
| RHUMBLINE ADVISERS trimmed | 292 | $659 | 0.0% | 2026-Q2 |
| MORGAN STANLEY new | 82 | $185 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd trimmed | 3 | $7 | 0.0% | 2026-Q2 |
| ACADIAN ASSET MANAGEMENT LLC trimmed | 19,696 | $58K | 0.1% | 2026-Q1 stale (1 quarter behind) |
| BlackRock, Inc. | 291 | $861 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Tower Research Capital LLC (TRC) trimmed | 259 | $767 | 0.0% | 2026-Q1 stale (1 quarter behind) |
| Police & Firemen's Retirement System of New Jersey new | 5,618 | $21K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| BANK OF AMERICA CORP /DE/ added | 796 | $3K | 0.0% | 2025-Q4 stale (2 quarters behind) |
| Jain Global LLC new | 83,461 | $238K | 0.3% | 2025-Q3 stale (3 quarters behind) |
| TIGER GLOBAL MANAGEMENT LLC trimmed | 7,996,846 | $25M | 32.5% | 2025-Q2 stale (4 quarters behind) |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | 0 | — | 0.0% | 2025-Q2 stale (4 quarters behind) |
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.