As of November 6, 2026, 2 holders' latest Schedule 13D or 13G filings report owning 5% or more of Zhihu Inc. The largest reported stake is Plus Channel Limited's, at 10%. 5 filings are on record since September 19, 2025 (Schedule 13D/A, December 29, 2025).
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Key facts
- · Reporting person: FIL Limited · Sole voting: 17,256,346 · Shared voting: 0 · Sole dispositive: 18,746,764 · Shared dispositive: 0 · SCHEDULE 13G/A, 2026-08-06
- · Reporting person: Plus Channel Limited · Sole voting: 25,430,552 · Shared voting: 0 · Sole dispositive: 25,430,552 · Shared dispositive: 0 · SCHEDULE 13D/A, 2025-12-29
- · Holder: Plus Channel Limited · Percent: 9% · SCHEDULE 13D/A
- · Holder: FIL Limited · Percent: 5.6% · SCHEDULE 13G
- · Holder: Plus Channel Limited · Percent: 8% · SCHEDULE 13D/A
Zhihu Inc has 5 Schedule 13D or 13G filings on record since 2025-09-19. 2 holders' latest filing reports 5% or more of class a common stock. Each figure below is the holder's own, as filed, with the filing linked.
Holders
| Holder | Percent | Shares | Latest | Event date |
|---|---|---|---|---|
| Plus Channel Limited | 10% | 25,430,552 | SCHEDULE 13D/A, 2025-12-29 | 2025-12-19 |
| FIL Limited | 7.5% | 18,746,764 | SCHEDULE 13G/A, 2026-08-06 | 2026-06-30 |
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More on Zhihu Inc and the records around it.
Zhihu Inc elsewhere on the record
Companies that share a holder
- FIL Limited also filed stake reports on 35 other companies: ALGONQUIN POWER & UTILITIES CORP. (Nov 2026), COLLIERS INTERNATIONAL GROUP INC (Nov 2026), iShares MSCI Japan Value ETF (Nov 2026)
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Voting and dispositive power, as filed
| Reporting person | Sole voting | Shared voting | Sole dispositive | Shared dispositive | Filing |
|---|---|---|---|---|---|
| Plus Channel Limited | 25,430,552 | 0 | 25,430,552 | 0 | SCHEDULE 13D/A, 2025-12-29 |
| Kastle Limited | 25,430,552 | 0 | 25,430,552 | 0 | SCHEDULE 13D/A, 2025-12-29 |
| FIL Limited | 17,256,346 | 0 | 18,746,764 | 0 | SCHEDULE 13G/A, 2026-08-06 |
| Pandanus Partners, L.P. | 0 | 0 | 18,746,764 | 0 | SCHEDULE 13G/A, 2026-08-06 |
| Pandanus Associates, Inc. | 0 | 0 | 18,746,764 | 0 | SCHEDULE 13G/A, 2026-08-06 |
The latest filing identifies Zhihu Inc by CUSIP G989MJ101 and gives its principal executive office as 18 XUEQING ROAD, HAIDIAN DISTRICT, BEIJING (SCHEDULE 13G/A, 2026-08-06).
Source of funds (Item 3)
Item 3 of the Original Schedule 13D is hereby amended and supplemented by the following: Since the filing of the Amendment No. 4, the Reporting Persons continued to conduct share repurchases on the New York Stock Exchange and the Stock Exchange of Hong Kong Limited. The funds were provided by the Issuer from its working capital.Plus Channel Limited, SCHEDULE 13D/A, 2025-12-29
Purpose of Transaction (Item 4)
Plus Channel Limited
Item 4 of the Original Schedule 13D is hereby amended and supplemented by the following: The information set forth in Item 3 is hereby incorporated by reference in its entirety. The Reporting Persons hold the Class A ordinary shares they beneficially owned on trust under the Issuer's share incentive plan adopted in 2022.Item 4 of the SCHEDULE 13D/A filed 2025-12-29
Timeline
| Filed | Holder | Percent | Filing |
|---|---|---|---|
| 2025-09-19 | Plus Channel Limited | 8% | SCHEDULE 13D/A |
| 2025-11-05 | FIL Limited | 5.6% | SCHEDULE 13G |
| 2025-11-21 | Plus Channel Limited | 9% | SCHEDULE 13D/A |
| 2025-12-29 | Plus Channel Limited | 10% | SCHEDULE 13D/A |
| 2026-08-06 | FIL Limited | 7.5% | SCHEDULE 13G/A |
Questions about who owns Zhihu Inc
Who owns Zhihu Inc?
On this page, 2 holders' latest ownership filings report 5% or more of Zhihu Inc: Plus Channel Limited (10%, Schedule 13D/A, filed 2025-12-29) and FIL Limited (7.5%, Schedule 13G/A, filed 2026-08-06).
Who are the largest shareholders of Zhihu Inc?
By the share each holder's latest filing reports, the largest holders of Zhihu Inc on this page are Plus Channel Limited (10%) and FIL Limited (7.5%).
When did Plus Channel Limited buy into Zhihu Inc?
The filings give report dates, not purchase dates. The earliest filing from Plus Channel Limited on this page is the Schedule 13D/A, filed 2025-09-19, reporting 8%; its latest, Schedule 13D/A filed 2025-12-29, reports 10%. That earliest filing is itself an amendment, which updates an earlier report.
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%); 5 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.