Who owns ZTO (ZTO)
Which tracked institutional funds hold ZTO, how they are positioned, and who is buying versus exiting — from SEC Form 13F-HR filings. See ZTO 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 ZTO is one-sided between 2025-Q4 and 2026-Q1: 64 added or opened and 21 trimmed or exited — on balance accumulating.
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
ZTO’s largest tracked holder by dollar value, PZENA INVESTMENT MANAGEMENT LLC, sizes it at 0.6% of its own reported 13F book, while the median holder sizes it at 0.0% of theirs — a 0.6pp conviction gap — its largest holder concentrates the name more heavily than the typical one.
Book-share is each fund’s reported value in ZTO 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 178 tracked filers holding ZTO, 114 increased or opened the position and 62 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 ZTO 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.
New buyers 11
- NORGES BANK$16M
- ACADIAN ASSET MANAGEMENT LLC$7M
- BRILLIANCE ASSET MANAGEMENT LTD$3M
- Swiss Life Asset Management Ltd$2M
- Portman Square Capital LLP$2M
- Maven Securities LTD$2M
Full exits 8
- SG Americas Securities, LLC$7M
- OPTIMAS CAPITAL Ltd$4M
- Legacy Wealth Asset Management, LLC$3M
- MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC$1M
- Advisors Asset Management, Inc.$720K
- DRW Securities, LLC$693K
Largest adds
- MARSHALL WACE, LLP$56M
- PZENA INVESTMENT MANAGEMENT LLC$29M
- MACKENZIE FINANCIAL CORP$23M
- ARROWSTREET CAPITAL, LIMITED PARTNERSHIP$22M
- SERENITY CAPITAL MANAGEMENT PTE. LTD.$22M
- Fisher Asset Management, LLC$17M
Largest trims
- UBS Group AG$28M
- Temasek Holdings (Private) Ltd$26M
- MORGAN STANLEY$21M
- JPMORGAN CHASE & CO$11M
- Point72 Asset Management, L.P.$9M
- DekaBank Deutsche Girozentrale$7M
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 |
|---|---|---|---|---|
| PZENA INVESTMENT MANAGEMENT LLC trimmed | 7,460,931 | $188M | 9.3% | 2026-Q1 |
| GOLDMAN SACHS GROUP INC trimmed | 5,508,816 | $139M | 6.9% | 2026-Q1 |
| SERENITY CAPITAL MANAGEMENT PTE. LTD. | 5,056,987 | $127M | 6.3% | 2026-Q1 |
| Temasek Holdings (Private) Ltd trimmed | 4,147,325 | $104M | 5.2% | 2026-Q1 |
| MORGAN STANLEY trimmed | 3,710,077 | $93M | 4.6% | 2026-Q1 |
| Fisher Asset Management, LLC added | 3,625,352 | $91M | 4.5% | 2026-Q1 |
| MARSHALL WACE, LLP added | 2,320,427 | $58M | 2.9% | 2026-Q1 |
| PLATINUM INVESTMENT MANAGEMENT LTD | 1,994,127 | $50M | 2.5% | 2026-Q1 |
| TODD ASSET MANAGEMENT LLC added | 1,712,817 | $43M | 2.1% | 2026-Q1 |
| DIMENSIONAL FUND ADVISORS LP trimmed | 1,652,838 | $42M | 2.1% | 2026-Q1 |
| Legal & General Group Plc trimmed | 1,570,084 | $39M | 2.0% | 2026-Q1 |
| CITIGROUP INC trimmed | 1,549,063 | $39M | 1.9% | 2026-Q1 |
| MACKENZIE FINANCIAL CORP added | 1,290,323 | $32M | 1.6% | 2026-Q1 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY | 1,077,250 | $27M | 1.3% | 2026-Q1 |
| STATE STREET CORP added | 1,003,467 | $25M | 1.3% | 2026-Q1 |
| CITADEL ADVISORS LLC added | 974,629 | $25M | 1.2% | 2026-Q1 |
| AMERICAN CENTURY COMPANIES INC trimmed | 922,560 | $23M | 1.2% | 2026-Q1 |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added | 920,352 | $23M | 1.2% | 2026-Q1 |
| BANK OF AMERICA CORP /DE/ trimmed | 835,707 | $21M | 1.0% | 2026-Q1 |
| UBS Group AG trimmed | 669,845 | $17M | 0.8% | 2026-Q1 |
| BNP PARIBAS FINANCIAL MARKETS trimmed | 658,669 | $17M | 0.8% | 2026-Q1 |
| Crossmark Global Holdings, Inc. trimmed | 641,983 | $16M | 0.8% | 2026-Q1 |
| NORGES BANK added | 808,898 | $16M | 0.8% | 2026-Q1 |
| RENAISSANCE TECHNOLOGIES LLC added | 618,800 | $16M | 0.8% | 2026-Q1 |
| Point72 Asset Management, L.P. trimmed | 556,278 | $14M | 0.7% | 2026-Q1 |
| Russell Investments Group, Ltd. added | 525,280 | $13M | 0.7% | 2026-Q1 |
| State of New Jersey Common Pension Fund D | 509,092 | $13M | 0.6% | 2026-Q1 |
| BlackRock, Inc. added | 479,163 | $12M | 0.6% | 2026-Q1 |
| SIH Partners, LLLP trimmed | 339,050 | $9M | 0.4% | 2026-Q1 |
| ACADIAN ASSET MANAGEMENT LLC added | 277,367 | $7M | 0.3% | 2026-Q1 |
| AVIVA PLC trimmed | 262,797 | $7M | 0.3% | 2026-Q1 |
| HSBC HOLDINGS PLC trimmed | 245,506 | $6M | 0.3% | 2026-Q1 |
| ICON ADVISERS INC/CO added | 240,000 | $6M | 0.3% | 2026-Q1 |
| Virtus Family Office LLC trimmed | 213,936 | $5M | 0.3% | 2026-Q1 |
| SEI INVESTMENTS CO added | 211,401 | $5M | 0.3% | 2026-Q1 |
| STOREBRAND ASSET MANAGEMENT AS | 188,544 | $5M | 0.2% | 2026-Q1 |
| Quantinno Capital Management LP added | 184,217 | $5M | 0.2% | 2026-Q1 |
| SILVERCREST ASSET MANAGEMENT GROUP LLC trimmed | 178,934 | $5M | 0.2% | 2026-Q1 |
| KBC Group NV added | 176,277 | $4M | 0.2% | 2026-Q1 |
| ENVESTNET ASSET MANAGEMENT INC trimmed | 163,772 | $4M | 0.2% | 2026-Q1 |
| D. E. Shaw & Co., Inc. added | 159,638 | $4M | 0.2% | 2026-Q1 |
| DekaBank Deutsche Girozentrale | 162,421 | $4M | 0.2% | 2026-Q1 |
| Aurora Investment Counsel trimmed | 149,195 | $4M | 0.2% | 2026-Q1 |
| MILLENNIUM MANAGEMENT LLC added | 143,854 | $4M | 0.2% | 2026-Q1 |
| Invesco Ltd. trimmed | 124,726 | $3M | 0.2% | 2026-Q1 |
| Swedbank AB | 123,880 | $3M | 0.2% | 2026-Q1 |
| STIFEL FINANCIAL CORP added | 121,297 | $3M | 0.2% | 2026-Q1 |
| BRILLIANCE ASSET MANAGEMENT LTD trimmed | 112,444 | $3M | 0.1% | 2026-Q1 |
| GSA CAPITAL PARTNERS LLP added | 111,690 | $3M | 0.1% | 2026-Q1 |
| Mariner, LLC added | 109,814 | $3M | 0.1% | 2026-Q1 |
| DUMAC, INC. | 96,781 | $2M | 0.1% | 2026-Q1 |
| BRANDES INVESTMENT PARTNERS, LP trimmed | 88,827 | $2M | 0.1% | 2026-Q1 |
| Mitsubishi UFJ Trust & Banking Corp added | 82,101 | $2M | 0.1% | 2026-Q1 |
| Swiss Life Asset Management Ltd new | 84,100 | $2M | 0.1% | 2026-Q1 |
| Portman Square Capital LLP added | 80,506 | $2M | 0.1% | 2026-Q1 |
| MANNING & NAPIER ADVISORS LLC trimmed | 78,103 | $2M | 0.1% | 2026-Q1 |
| GUGGENHEIM CAPITAL LLC added | 68,030 | $2M | 0.1% | 2026-Q1 |
| AMERIPRISE FINANCIAL INC added | 67,611 | $2M | 0.1% | 2026-Q1 |
| Vident Advisory, LLC added | 62,636 | $2M | 0.1% | 2026-Q1 |
| ROYAL BANK OF CANADA trimmed | 62,601 | $2M | 0.1% | 2026-Q1 |
| Maven Securities LTD added | 61,525 | $2M | 0.1% | 2026-Q1 |
| PROFUND ADVISORS LLC trimmed | 57,857 | $1M | 0.1% | 2026-Q1 |
| JANE STREET GROUP, LLC trimmed | 54,999 | $1M | 0.1% | 2026-Q1 |
| ROYAL LONDON ASSET MANAGEMENT LTD added | 53,694 | $1M | 0.1% | 2026-Q1 |
| DNB Asset Management AS added | 52,504 | $1M | 0.1% | 2026-Q1 |
| US BANCORP \DE\ added | 51,230 | $1M | 0.1% | 2026-Q1 |
| Taikang Asset Management (Hong Kong) Co Ltd | 49,100 | $1M | 0.1% | 2026-Q1 |
| BARCLAYS PLC trimmed | 47,254 | $1M | 0.1% | 2026-Q1 |
| Long Corridor Asset Management Ltd trimmed | 46,000 | $1M | 0.1% | 2026-Q1 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC added | 45,296 | $1M | 0.1% | 2026-Q1 |
| Greenwoods Asset Management Hong Kong Ltd. trimmed | 6,557,350 | $130M | 6.5% | 2025-Q1 stale |
| Serenity Capital LLC trimmed | 5,056,987 | $100M | 5.0% | 2025-Q1 stale |
| Green Court Capital Management Ltd trimmed | 3,619,480 | $72M | 3.6% | 2025-Q1 stale |
| PRICE T ROWE ASSOCIATES INC /MD/ trimmed | 3,336,822 | $59M | 2.9% | 2025-Q2 stale |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND trimmed | 1,714,900 | $30M | 1.5% | 2025-Q2 stale |
| Capitolis Liquid Global Markets LLC new | 1,337,100 | $26M | 1.3% | 2025-Q3 stale |
| Perseverance Asset Management International trimmed | 903,947 | $18M | 0.9% | 2025-Q1 stale |
| HARDING LOEVNER LP trimmed | 892,018 | $17M | 0.9% | 2025-Q3 stale |
| CANADA PENSION PLAN INVESTMENT BOARD | 703,100 | $12M | 0.6% | 2025-Q2 stale |
| HHLR ADVISORS, LTD. | 671,387 | $12M | 0.6% | 2025-Q2 stale |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC trimmed | 391,441 | $8M | 0.4% | 2025-Q1 stale |
| SG Americas Securities, LLC trimmed | 332,373 | $7M | 0.3% | 2025-Q4 stale |
| Woodline Partners LP new | 340,960 | $7M | 0.3% | 2025-Q1 stale |
| CAISSE DE DEPOT ET PLACEMENT DU QUEBEC trimmed | 304,635 | $6M | 0.3% | 2025-Q1 stale |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC trimmed | 285,536 | $5M | 0.3% | 2025-Q3 stale |
| TB Alternative Assets Ltd. added | 254,948 | $5M | 0.2% | 2025-Q3 stale |
| Erste Asset Management GmbH | 214,876 | $4M | 0.2% | 2025-Q3 stale |
| OPTIMAS CAPITAL Ltd added | 191,700 | $4M | 0.2% | 2025-Q4 stale |
| Pictet Asset Management Holding SA trimmed | 212,109 | $4M | 0.2% | 2025-Q2 stale |
| TWO SIGMA INVESTMENTS, LP trimmed | 185,635 | $4M | 0.2% | 2025-Q1 stale |
| XY Capital Ltd trimmed | 164,967 | $3M | 0.2% | 2025-Q3 stale |
| PEAK6 LLC trimmed | 160,372 | $3M | 0.2% | 2025-Q3 stale |
| Legacy Wealth Asset Management, LLC trimmed | 136,924 | $3M | 0.1% | 2025-Q4 stale |
| NATIONAL BANK OF CANADA /FI/ trimmed | 100,500 | $2M | 0.1% | 2025-Q1 stale |
| Infini Capital Management Ltd new | 100,000 | $2M | 0.1% | 2025-Q1 stale |
| LMR Partners LLP added | 101,649 | $2M | 0.1% | 2025-Q2 stale |
| OPPENHEIMER ASSET MANAGEMENT INC. trimmed | 82,288 | $2M | 0.1% | 2025-Q3 stale |
| MATTHEWS INTERNATIONAL CAPITAL MANAGEMENT LLC trimmed | 70,800 | $1M | 0.1% | 2025-Q4 stale |
| VICTORY CAPITAL MANAGEMENT INC | 78,069 | $1M | 0.1% | 2025-Q2 stale |
| NATIXIS ADVISORS, LLC added | 61,888 | $1M | 0.1% | 2025-Q3 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.