As of November 7, 2026, 3 holders' latest Schedule 13D or 13G filings report owning 5% or more of Aifu Inc. The largest reported stake is Zack Zhang's, at 56.12%. 19 filings are on record since August 1, 2025 (Schedule 13D, November 6, 2026).
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Key facts
- · Reporting person: Magnus Management Limited · Sole voting: 34,333,332 · Shared voting: 0 · Sole dispositive: 34,333,332 · Shared dispositive: 0 · SCHEDULE 13D, 2026-11-06
- · Reporting person: Expansion Group Ltd · Sole voting: 10,250,013 · Shared voting: 0 · Sole dispositive: 10,250,013 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-10-14
- · Reporting person: YS Management Company Limited · Sole voting: 4,826,333 · Shared voting: 0 · Sole dispositive: 4,826,333 · Shared dispositive: 0 · SCHEDULE 13D/A, 2026-10-14
- · Holder: Yif Liu · Percent: 29.84% · SCHEDULE 13D/A
- · Holder: Ileana Zhao · Percent: 63.37% · SCHEDULE 13D/A
Aifu Inc. has 19 Schedule 13D or 13G filings on record since 2025-08-01. 3 holders' latest filing reports 5% or more of class a ordinary share, par value $0.002 per share. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| 56.12% | 34,333,332 | SCHEDULE 13D, 2026-11-06 | 2026-10-12 | |
| 16.76% | 10,250,013 | SCHEDULE 13D/A, 2026-10-14 | 2026-10-12 | |
| 7.89% | 4,826,333 | SCHEDULE 13D/A, 2026-10-14 | 2026-10-12 | |
| 3.16% | 3,900,000 | SCHEDULE 13D/A, 2026-01-13 | 2026-01-09 | |
| Maase Inc. | 1.33% | 1,642,774 | SCHEDULE 13D/A, 2026-01-13 | 2026-01-09 |
| Infinew Limited | 0.99% | 1,225,250 | SCHEDULE 13D/A, 2026-01-13 | 2026-01-09 |
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More on Aifu Inc. and the records around it.
Aifu Inc. elsewhere on the record
Companies that share a holder
- YS Management Company Limited also filed stake reports on 1 other company: Maase Inc. (Apr 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Magnus Management Limited | 34,333,332 | 0 | 34,333,332 | 0 | SCHEDULE 13D, 2026-11-06 |
| Zack Zhang | 34,333,332 | 0 | 34,333,332 | 0 | SCHEDULE 13D, 2026-11-06 |
| Expansion Group Ltd | 10,250,013 | 0 | 10,250,013 | 0 | SCHEDULE 13D/A, 2026-10-14 |
| Ileana Zhao | 10,250,013 | 0 | 10,250,013 | 0 | SCHEDULE 13D/A, 2026-10-14 |
| YS Management Company Limited | 4,826,333 | 0 | 4,826,333 | 0 | SCHEDULE 13D/A, 2026-10-14 |
| Yif Liu | 4,826,333 | 0 | 4,826,333 | 0 | SCHEDULE 13D/A, 2026-10-14 |
The latest filing identifies Aifu Inc. by CUSIP G3314G128 and gives its principal executive office as 01-10, Jinzhong Guobin Hui, Xili St., Shenzhen (SCHEDULE 13D, 2026-11-06).
Source of funds (Item 3)
The information set forth in Item 5 is hereby incorporated by reference into this Item 3. The consideration for the Transaction described in Item 5 was funded by personal funds provided by Zack Zhang.Zack Zhang, SCHEDULE 13D, 2026-11-06
The information set forth in Item 5 is hereby incorporated by reference into this Item 3. Item 3 of the Previous Schedule 13D is hereby amended and supplemented in its entirety as follows: Not applicable. The transaction described in Item 5 involved an issuance of shares by the Issuer to certain third parties. The Reporting Persons were not parties to this transaction and did not provide any funds or other consideration.Ileana Zhao, SCHEDULE 13D/A, 2026-10-14
The information set forth in Item 5 is hereby incorporated by reference into this Item 3. Item 3 of the Previous Schedule 13D is hereby amended and supplemented in its entirety as follows: Not applicable. The transaction described in Item 5 involved an issuance of shares by the Issuer to certain third parties. The Reporting Persons were not parties to this transaction and did not provide any funds or other consideration.Yif Liu, SCHEDULE 13D/A, 2026-10-14
Purpose of Transaction (Item 4)
Jamie Zhou
The information set forth in Item 5 is hereby incorporated by reference into this Item 4. Item 4 is hereby amended and supplemented to add the following: This Amendment No. 2 is filed to report that the Reporting Persons' aggregate percentage beneficial ownership and voting power in the Issuer were diluted as a result of the Issuer's issuance of shares as described in Item 5 below.Item 4 of the SCHEDULE 13D/A filed 2026-01-13
Ileana Zhao
The information set forth in Item 5 is hereby incorporated by reference into this Item 4. Item 4 of the Previous Schedule 13D is hereby amended and supplemented to add the following: This Amendment is filed to report that the Reporting Persons' aggregate percentage beneficial ownership and voting power in the Issuer were diluted as a result of the Issuer's issuance of shares as described in Item 5 below.Item 4 of the SCHEDULE 13D/A filed 2026-10-14
Maase Inc.
The information set forth in Item 5 is hereby incorporated by reference into this Item 4. Item 4 is hereby amended and supplemented to add the following: This Amendment No. 6 is filed to report that the Reporting Person's aggregate percentage beneficial ownership and voting power in the Issuer was diluted as a result of the Issuer's issuance of shares as described in Item 5 below.Item 4 of the SCHEDULE 13D/A filed 2026-01-13
Infinew Limited
Item 4 is hereby amended and supplemented to add the following: This Amendment No 3.is filed to report that the Reporting Persons' aggregate percentage beneficial ownership and voting power in the Issuer was diluted as a result of the Issuer's issuance of shares as described in Item 5 below.Item 4 of the SCHEDULE 13D/A filed 2026-01-13
Yif Liu
The information set forth in Item 5 is hereby incorporated by reference into this Item 4. Item 4 is hereby amended and supplemented to add the following: This Amendment is filed to report that the Reporting Persons' aggregate percentage beneficial ownership and voting power in the Issuer were diluted as a result of the Issuer's issuance of shares as described in Item 5 below.Item 4 of the SCHEDULE 13D/A filed 2026-10-14
Zack Zhang
The information set forth in Item 5 is hereby incorporated by reference into this Item 4. The Reporting Persons acquired beneficial ownership of the Ordinary Shares as described in this Schedule 13D for investment purposes. The Reporting Persons intend to review their investment in the Issuer on a continuing basis. Each Reporting Person may in the future take such actions with respect to its investment in the Issuer as it deems appropriate, including changing its current intentions, with respect to any or all matters required to be disclosed in this Schedule 13D, depending on various factors, including but not limited to the Issuer's business, prospects, financial position and strategic direction, price levels of the Ordinary Shares, conditions in the securities markets, and general economic and industry conditions. Consistent with the Reporting Persons' investment purposes, the Reporting Persons may engage in communications with, without limitation, one or more shareholders of the Issuer, management of the Issuer or one or more members of the board of directors of the Issuer, and may make suggestions concerning the Issuer's operations, prospects, business and financial strategies, strategic direction and transactions, assets and liabilities, business and financing alternatives and such other matters as the Reporting Person may deem relevant to their investment in the Ordinary Shares. The Reporting Person expects that they will, from time to time, review their investment …The first part of Item 4 of the SCHEDULE 13D filed 2026-11-06; the filing has the rest
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-08-01 | Jamie Zhou | 24.57% | SCHEDULE 13D |
| 2025-08-01 | Vanguard First Limited | 19.53% | SCHEDULE 13G |
| 2025-09-24 | Maase Inc. | 10.35% | SCHEDULE 13D/A |
| 2025-09-24 | Infinew Limited | 7.72% | SCHEDULE 13D/A |
| 2025-12-23 | Ileana Zhao | 38.69% | SCHEDULE 13D |
| 2025-12-23 | Maase Inc. | 7.85% | SCHEDULE 13D/A |
| 2025-12-23 | Infinew Ltd | 5.85% | SCHEDULE 13D/A |
| 2025-12-23 | Jamie Zhou | 18.63% | SCHEDULE 13D/A |
| 2026-01-13 | Infinew Limited | 0.99% | SCHEDULE 13D/A |
| 2026-01-13 | Maase Inc. | 1.33% | SCHEDULE 13D/A |
| 2026-01-13 | Ileana Zhao | 6.56% | SCHEDULE 13D/A |
| 2026-01-13 | Jamie Zhou | 3.16% | SCHEDULE 13D/A |
| 2026-01-16 | Yif Liu | 78.15% | SCHEDULE 13D |
| 2026-01-16 | Yif Liu | 78.15% | SCHEDULE 13D |
| 2026-09-28 | Yif Liu | 29.84% | SCHEDULE 13D/A |
| 2026-09-28 | Ileana Zhao | 63.37% | SCHEDULE 13D/A |
| 2026-10-14 | Yif Liu | 7.89% | SCHEDULE 13D/A |
| 2026-10-14 | Ileana Zhao | 16.76% | SCHEDULE 13D/A |
| 2026-11-06 | Zack Zhang | 56.12% | SCHEDULE 13D |
Questions about who owns Aifu Inc.
Who owns Aifu Inc.?
On this page, 3 holders' latest ownership filings report 5% or more of Aifu Inc.: Zack Zhang (56.12%, Schedule 13D, filed 2026-11-06), Ileana Zhao (16.76%, Schedule 13D/A, filed 2026-10-14) and Yif Liu (7.89%, Schedule 13D/A, filed 2026-10-14).
Who are the largest shareholders of Aifu Inc.?
By the share each holder's latest filing reports, the largest holders of Aifu Inc. on this page are Zack Zhang (56.12%), Ileana Zhao (16.76%) and Yif Liu (7.89%).
When did Zack Zhang buy into Aifu Inc.?
The filings give report dates, not purchase dates. The earliest filing from Zack Zhang on this page is the Schedule 13D, filed 2026-11-06, reporting 56.12%.
Is this an audit or a full list?
Neither. The ownership list on this page covers only Schedule 13D and 13G filings, which holders make once they own 5% or more of a class of shares (an amendment can report a stake that has since fallen below 5%); 19 such filings are shown here. It is not an audit and not a full cap table: holders who never reached 5% are not listed, and a stake can change after its latest filing.
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Where this comes from
Anyone who comes to own more than 5% of a class of a listed company's voting shares has to tell the SEC. A holder who may seek to change or influence the company files Schedule 13D, and has to say in Item 4, "Purpose of Transaction", what it intends to do. A holder with no such intent, such as many index and passive funds, may file the shorter Schedule 13G. Both are amended when the stake changes, including when it falls below 5%.
Every row here is one of those filings, linked to the filing itself. Percentages and share counts are exactly as the holder filed them, for the holder the filing names; an amendment showing a lower figure is shown as filed. Item 4 text is quoted word for word. Where a 13D's Item 4 contains a sentence stating a definite intent to influence the company, that sentence is marked and quoted; the page does not describe the holder or its motives beyond the words it filed. Nothing here is investment advice.