Who owns Zai Lab (ZLAB)
Which tracked institutional funds hold ZLAB, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ZLAB 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
24 tracked funds added or opened ZLAB while 16 trimmed or exited it between 2026-Q1 and 2026-Q2 — the tape is split. When large holders disagree on a name, the funds moving first are sometimes ahead of the story.
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
ZLAB’s largest tracked holder by dollar value, Capital World Investors, 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 ZLAB 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 91 tracked filers holding ZLAB, 43 increased or opened the position and 53 reduced or closed it; over the same quarter, open-market insider Form 4s were net sales.
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 ZLAB 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 6
- TCG Crossover Management, LLC$117M
- Woodline Partners LP$42M
- Spruce Street Capital LP$5M
- Nantahala Capital Management, LLC$4M
- MARSHALL WACE, LLP$3M
- Quadrature Capital Ltd$742K
Full exits 7
- C WorldWide Group Holding A/S$10M
- PRICE T ROWE ASSOCIATES INC /MD/$5M
- Walleye Capital LLC$2M
- BAROMETER CAPITAL MANAGEMENT INC.$1M
- TD Asset Management Inc$704K
- Point72 Asset Management, L.P.$661K
Largest adds
- GOLDMAN SACHS GROUP INC$42M
- ADAR1 Capital Management, LLC$37M
- FMR LLC$33M
- TWO SIGMA INVESTMENTS, LP$19M
- CITIGROUP INC$6M
- JANE STREET GROUP, LLC$4M
Largest trims
- UBS Group AG$8M
- CITADEL ADVISORS LLC$5M
- BlackRock, Inc.$4M
- SUPERSTRING CAPITAL MANAGEMENT LP$2M
- DIMENSIONAL FUND ADVISORS LP$1M
- XTX Topco Ltd$537K
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 |
|---|---|---|---|---|
| RTW INVESTMENTS, LP | 6,574,032 | $125M | 10.2% | 2026-Q2 |
| TCG Crossover Management, LLC new | 6,137,627 | $117M | 9.5% | 2026-Q2 |
| RA CAPITAL MANAGEMENT, L.P. added | 5,743,533 | $109M | 8.9% | 2026-Q2 |
| ADAR1 Capital Management, LLC added | 3,369,034 | $64M | 5.2% | 2026-Q2 |
| FMR LLC added | 2,815,214 | $53M | 4.4% | 2026-Q2 |
| GOLDMAN SACHS GROUP INC added | 2,315,480 | $44M | 3.6% | 2026-Q2 |
| Woodline Partners LP added | 2,207,293 | $42M | 3.4% | 2026-Q2 |
| Frazier Life Sciences Management, L.P. | 1,902,320 | $36M | 2.9% | 2026-Q2 |
| BAMCO INC /NY/ trimmed | 1,623,694 | $31M | 2.5% | 2026-Q2 |
| TWO SIGMA INVESTMENTS, LP added | 1,299,394 | $25M | 2.0% | 2026-Q2 |
| CITADEL ADVISORS LLC trimmed | 1,284,706 | $24M | 2.0% | 2026-Q2 |
| Rock Springs Capital Management LP | 814,707 | $15M | 1.3% | 2026-Q2 |
| BlackRock, Inc. trimmed | 664,462 | $13M | 1.0% | 2026-Q2 |
| JANE STREET GROUP, LLC added | 476,541 | $9M | 0.7% | 2026-Q2 |
| B Group, Inc. | 450,646 | $9M | 0.7% | 2026-Q2 |
| SCHRODER INVESTMENT MANAGEMENT GROUP | 393,167 | $7M | 0.6% | 2026-Q2 |
| NAN FUNG TRINITY (HK) LTD | 346,466 | $7M | 0.5% | 2026-Q2 |
| Aberdeen Group plc added | 311,294 | $6M | 0.5% | 2026-Q2 |
| CITIGROUP INC added | 300,775 | $6M | 0.5% | 2026-Q2 |
| Spruce Street Capital LP new | 279,110 | $5M | 0.4% | 2026-Q2 |
| AMERIPRISE FINANCIAL INC added | 253,171 | $5M | 0.4% | 2026-Q2 |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. added | 246,982 | $5M | 0.4% | 2026-Q2 |
| Hennion & Walsh Asset Management, Inc. added | 230,418 | $4M | 0.4% | 2026-Q2 |
| Hudson Bay Capital Management LP added | 215,000 | $4M | 0.3% | 2026-Q2 |
| Nantahala Capital Management, LLC new | 200,000 | $4M | 0.3% | 2026-Q2 |
| NEXTBio Capital Management LP | 183,362 | $3M | 0.3% | 2026-Q2 |
| SUPERSTRING CAPITAL MANAGEMENT LP trimmed | 155,813 | $3M | 0.2% | 2026-Q2 |
| Tidal Investments LLC trimmed | 153,996 | $3M | 0.2% | 2026-Q2 |
| Seven Fleet Capital Management LP added | 136,016 | $3M | 0.2% | 2026-Q2 |
| MARSHALL WACE, LLP trimmed | 147,217 | $3M | 0.2% | 2026-Q2 |
| D. E. Shaw & Co., Inc. added | 141,158 | $3M | 0.2% | 2026-Q2 |
| Privium Fund Management B.V. trimmed | 122,189 | $2M | 0.2% | 2026-Q2 |
| STATE STREET CORP added | 120,846 | $2M | 0.2% | 2026-Q2 |
| ALPS ADVISORS INC added | 110,431 | $2M | 0.2% | 2026-Q2 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 101,997 | $2M | 0.2% | 2026-Q2 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP added | 76,565 | $1M | 0.1% | 2026-Q2 |
| Legal & General Group Plc added | 71,461 | $1M | 0.1% | 2026-Q2 |
| UBS Group AG trimmed | 69,454 | $1M | 0.1% | 2026-Q2 |
| Virtus Investment Advisers, LLC added | 68,124 | $1M | 0.1% | 2026-Q2 |
| Headlands Technologies LLC added | 68,010 | $1M | 0.1% | 2026-Q2 |
| MORGAN STANLEY trimmed | 65,401 | $1M | 0.1% | 2026-Q2 |
| DCF Advisers, LLC | 63,500 | $1M | 0.1% | 2026-Q2 |
| Quadrature Capital Ltd new | 39,028 | $742K | 0.1% | 2026-Q2 |
| WealthPlan Investment Management, LLC | 36,761 | $698K | 0.1% | 2026-Q2 |
| NORTHERN TRUST CORP trimmed | 23,979 | $456K | 0.0% | 2026-Q2 |
| GEODE CAPITAL MANAGEMENT, LLC | 23,879 | $454K | 0.0% | 2026-Q2 |
| Invesco Ltd. trimmed | 22,397 | $426K | 0.0% | 2026-Q2 |
| XTX Topco Ltd trimmed | 18,349 | $349K | 0.0% | 2026-Q2 |
| Schonfeld Strategic Advisors LLC trimmed | 15,496 | $294K | 0.0% | 2026-Q2 |
| Squarepoint Ops LLC trimmed | 15,316 | $291K | 0.0% | 2026-Q2 |
| Erste Asset Management GmbH | 15,100 | $278K | 0.0% | 2026-Q2 |
| Vanguard Personalized Indexing Management, LLC added | 11,131 | $211K | 0.0% | 2026-Q2 |
| Persistent Asset Partners Ltd trimmed | 11,040 | $210K | 0.0% | 2026-Q2 |
| TWO SIGMA SECURITIES, LLC new | 10,134 | $193K | 0.0% | 2026-Q2 |
| JPMORGAN CHASE & CO added | 6,917 | $127K | 0.0% | 2026-Q2 |
| China Universal Asset Management Co., Ltd. trimmed | 5,240 | $100K | 0.0% | 2026-Q2 |
| GROUP ONE TRADING LLC trimmed | 5,091 | $97K | 0.0% | 2026-Q2 |
| Nykredit A/S new | 4,150 | $79K | 0.0% | 2026-Q2 |
| Mirae Asset Global Investments Co., Ltd. trimmed | 3,926 | $75K | 0.0% | 2026-Q2 |
| SIMPLEX TRADING, LLC added | 2,657 | $50K | 0.0% | 2026-Q2 |
| ROYAL BANK OF CANADA trimmed | 1,697 | $32K | 0.0% | 2026-Q2 |
| Basecamp Wealth Advisors LLC trimmed | 1,502 | $29K | 0.0% | 2026-Q2 |
| Tower Research Capital LLC (TRC) added | 1,010 | $19K | 0.0% | 2026-Q2 |
| US BANCORP \DE\ trimmed | 960 | $18K | 0.0% | 2026-Q2 |
| BNP PARIBAS FINANCIAL MARKETS added | 768 | $15K | 0.0% | 2026-Q2 |
| GF FUND MANAGEMENT CO. LTD. trimmed | 729 | $14K | 0.0% | 2026-Q2 |
| Farther Finance Advisors, LLC trimmed | 690 | $13K | 0.0% | 2026-Q2 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 628 | $12K | 0.0% | 2026-Q2 |
| Federation des caisses Desjardins du Quebec new | 300 | $6K | 0.0% | 2026-Q2 |
| BARCLAYS PLC trimmed | 292 | $6K | 0.0% | 2026-Q2 |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO added | 205 | $4K | 0.0% | 2026-Q2 |
| Arax Advisory Partners trimmed | 201 | $4K | 0.0% | 2026-Q2 |
| ASSETMARK, INC trimmed | 155 | $3K | 0.0% | 2026-Q2 |
| Quent Capital, LLC trimmed | 150 | $3K | 0.0% | 2026-Q2 |
| DEUTSCHE BANK AG\ | 147 | $3K | 0.0% | 2026-Q2 |
| OSAIC HOLDINGS, INC. trimmed | 140 | $3K | 0.0% | 2026-Q2 |
| Smartleaf Asset Management LLC | 132 | $2K | 0.0% | 2026-Q2 |
| EverSource Wealth Advisors, LLC trimmed | 117 | $2K | 0.0% | 2026-Q2 |
| North Star Investment Management Corp. added | 97 | $2K | 0.0% | 2026-Q2 |
| Ameritas Advisory Services, LLC new | 76 | $1K | 0.0% | 2026-Q2 |
| AMERIFLEX GROUP, INC. | 62 | $1K | 0.0% | 2026-Q2 |
| WELLS FARGO & COMPANY/MN trimmed | 60 | $1K | 0.0% | 2026-Q2 |
| SBI Securities Co., Ltd. | 40 | $760 | 0.0% | 2026-Q2 |
| Cornerstone Financial Management LLC | 32 | $608 | 0.0% | 2026-Q2 |
| PNC Financial Services Group, Inc. added | 26 | $494 | 0.0% | 2026-Q2 |
| Bell Investment Advisors, Inc | 26 | $494 | 0.0% | 2026-Q2 |
| Caitong International Asset Management Co., Ltd added | 26 | $494 | 0.0% | 2026-Q2 |
| Stone House Investment Management, LLC new | 22 | $418 | 0.0% | 2026-Q2 |
| Blue Trust, Inc. | 5 | $95 | 0.0% | 2026-Q2 |
| Larson Financial Group LLC trimmed | 4 | $76 | 0.0% | 2026-Q2 |
| Integrated Wealth Concepts LLC new | 3 | $57 | 0.0% | 2026-Q2 |
| C WorldWide Group Holding A/S | 510,000 | $10M | 0.8% | 2026-Q1 stale (1 quarter behind) |
| Clearbridge Investments, LLC trimmed | 1,808,035 | $32M | 2.6% | 2025-Q4 stale (2 quarters behind) |
| WELLINGTON MANAGEMENT GROUP LLP trimmed | 752,858 | $13M | 1.1% | 2025-Q4 stale (2 quarters behind) |
| Capital World Investors added | 6,077,666 | $206M | 16.8% | 2025-Q3 stale (3 quarters behind) |
| JANUS HENDERSON GROUP PLC trimmed | 2,049,537 | $69M | 5.7% | 2025-Q3 stale (3 quarters behind) |
| Allianz Asset Management GmbH trimmed | 815,000 | $28M | 2.3% | 2025-Q3 stale (3 quarters behind) |
| MPM BIOIMPACT LLC | 745,060 | $25M | 2.1% | 2025-Q3 stale (3 quarters behind) |
| JENNISON ASSOCIATES LLC trimmed | 592,332 | $21M | 1.7% | 2025-Q2 stale (4 quarters behind) |
| Connor, Clark & Lunn Investment Management Ltd. trimmed | 387,362 | $14M | 1.1% | 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.