Security Snapshot

Zhihu Inc. - Class A ordinary shares, par value US$0.000125 per share (ZH) Institutional Ownership

CUSIP: 98955N207

13F Institutional Holders and Ownership History from Q2 2024 to Q1 2026

Latest Period

Q4 2025

Institutions Reporting

49

Shares (Excl. Options)

12,481,257

Price

$3.28

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Type / Class
Equity / Class A ordinary shares, par value US$0.000125 per share
Symbol
ZH on NYSE
Shares outstanding
254,305,520
Price per share
$2.84
All holders as of 31 Dec 2025
Q4 2025
Total 13F shares
12,481,257
Total reported value
$41,010,533
% of total 13F portfolios
0%
Share change
-2,404,845
Value change
-$8,699,965
Number of holders
49
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors

Quick Takeaways

  • ZH - Zhihu Inc. - Class A ordinary shares, par value US$0.000125 per share is tracked under CUSIP 98955N207.
  • 49 institutions reported positions in Q4 2025.
  • 2 significant owners is listed from Schedule 13D/13G reporting.

What Changed

  • Holder count moved from 49 to 3 between Q4 2025 and Q1 2026.
  • Reported value moved from $41,010,533 to $3,900,814.

Why This Matters

  • You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
  • 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.

Source Evidence

Source: SEC Form 13F

Latest holder context comes from 49 institutions filings for Q4 2025.

Open SEC Evidence

Investment Quick Answers

What is CUSIP 98955N207?
CUSIP 98955N207 identifies ZH - Zhihu Inc. - Class A ordinary shares, par value US$0.000125 per share in SEC 13F datasets.

Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.

Significant Owners of Zhihu Inc. - Class A ordinary shares, par value US$0.000125 per share (ZH) based on Schedule 13D/G filings

Filer Ownership Change % Holdings Value Net Change Nb Shares Change % Reporting Name Report Period
Plus Channel Ltd 10% +11% $98,416,236 +$9,758,263 25,430,552 +11% Plus Channel Limited 19 Dec 2025
Innovation Works Development Fund, L.P. 0.8% $7,486,598 1,914,731 Kai-Fu Lee 31 Dec 2024

As of 31 Dec 2025, 49 institutional investors reported holding 12,481,257 shares of Zhihu Inc. - Class A ordinary shares, par value US$0.000125 per share (ZH). This represents 4.9% of the company’s total 254,305,520 outstanding shares.

Institutional Holders of Zhihu Inc. - Class A ordinary shares, par value US$0.000125 per share (ZH) across Reporting Periods

Period Reported Shares, Excl. Options Value, Excl. Options Value Change Price (Median) Investors
2026 Q1 1,373,526 $3,900,814 +$413,329 $2.84 3
2025 Q4 12,481,257 $41,010,533 -$8,699,965 $3.28 49
2025 Q3 14,911,408 $75,789,032 +$5,738,597 $5.07 53
2025 Q2 14,737,675 $58,616,002 -$5,371,244 $3.98 60
2025 Q1 16,068,845 $68,489,021 +$12,489,367 $4.27 55
2024 Q4 13,134,757 $46,481,973 +$2,677,342 $3.54 47
2024 Q3 11,658,588 $44,876,762 +$16,162,691 $3.85 44
2024 Q2 7,608,159 $20,765,065 +$20,765,065 $2.73 33