ZTONYSETrucking & Courier Services (No Air)Also trades as ZTOEF
ZTO Express (Cayman) Inc.
Financials through fiscal 2025, year ended Dec 31, 2025Last filing: 20-F on Apr 17, 2026
$20.06−0.11 (-0.55%)
Close on Oct 19, 2026
Ownership
Institutional holdings as of Jun 30, 2026, from 13F filings
Held by institutions
59M
Shares held, 13F filers
Institutional holders
196
38 new, 19 sold out
Net institutional buying
1M
In Q2 2026
Insider trades, 12 months
0 buys · 0 sales
Open-market trades only
Shares held by institutions
Holders of more than 5%
Latest Schedule 13D (active) or 13G (passive) filed by each holder
| Holder | Shares | % of class | Filing | As of |
|---|---|---|---|---|
| Jianfa Lai | 65,252,639 | 8.00% | 13G (passive) amendment | Dec 31, 2023 |
| Alibaba Group Holding Limited | 46,941,287 | 6.10% | 13D (active) amendment | Sep 21, 2026 |
| Jilei Wang | 42,181,499 | 5.20% | 13G (passive) amendment | Dec 31, 2023 |
| Meisong Lai | 211,089,947 | 26.00% | 13G (passive) amendment | Dec 31, 2023 |
Top institutional holders
13F holdings as of Jun 30, 2026
| Holder | Shares | % of ZTO | Value | Change | % of portfolio |
|---|---|---|---|---|---|
| Pzena Investment Management LLC | 7,322,331 | – | $163.87M | −138,600 | 0.48% |
| Goldman Sachs Group Inc | 5,285,030 | – | $118.28M | −223,786 | 0.01% |
| Serenity Capital Management Pte. Ltd. | 5,056,987 | – | $113.18M | – | 34.13% |
| Temasek Holdings (Private) Ltd | 4,147,325 | – | $92.82M | – | 0.25% |
| Morgan Stanley | 4,130,197 | – | $92.43M | +420,120 | 0.00% |
| Fisher Asset Management, LLC | 3,499,424 | – | $78.32M | −125,928 | 0.02% |
| Platinum Investment Management Ltd | 1,994,127 | – | $44.63M | – | 10.97% |
| Mackenzie Financial Corp | 1,914,997 | – | $42.86M | +624,674 | 0.04% |
| Todd Asset Management LLC | 1,891,052 | – | $42.32M | +178,235 | 0.75% |
| Marshall Wace, Llp | 1,742,654 | – | $39.00M | −577,773 | 0.03% |
| Dimensional Fund Advisors LP | 1,467,205 | – | $32.82M | −185,633 | 0.01% |
| Legal & General Group Plc | 1,346,942 | – | $30.16M | −223,142 | 0.01% |
| Teachers Retirement System Of The State Of Kentucky | 1,188,250 | – | $26.59K | +111,000 | 0.18% |
| Citadel Advisors LLC | 1,096,684 | – | $24.54M | +122,055 | 0.00% |
| Arrowstreet Capital, Limited Partnership | 1,026,694 | – | $22.98M | +106,342 | 0.01% |
| Point72 Asset Management, L.P. | 979,113 | – | $21.91M | +422,835 | 0.02% |
| State Street Corp | 949,365 | – | $21.25M | −54,102 | 0.00% |
| American Century Companies Inc | 887,573 | – | $19.86M | −34,987 | 0.01% |
| Citigroup Inc | 747,506 | – | $16.73M | −801,557 | 0.01% |
| JPMorgan Chase & Co | 734,836 | – | $16.30M | +732,573 | 0.00% |
Institutional buying and selling by quarter
Positions opened, added to, reduced and closed by 13F filers
| Quarter | Holders | Shares held | New / added | Reduced / closed | Shares bought | Shares sold |
|---|---|---|---|---|---|---|
| Q2 2026 | 196 | 59M | 38 / 62 | 66 / 19 | 5M | 4M |
| Q1 2026 | 179 | 58M | 37 / 77 | 42 / 20 | 6M | 10M |
| Q4 2025 | 163 | 61M | 43 / 54 | 45 / 49 | 6M | 12M |
| Q3 2025 | 171 | 68M | 27 / 66 | 48 / 37 | 8M | 26M |
| Q2 2025 | 183 | 86M | 21 / 56 | 78 / 40 | 3M | 47M |
| Q1 2025 | 205 | 136M | 40 / 63 | 73 / 34 | 14M | 26M |
| Q4 2024 | 201 | 147M | 27 / 58 | 85 / 64 | 21M | 41M |
| Q3 2024 | 242 | 167M | 51 / 62 | 94 / 49 | 24M | 49M |
| Q2 2024 | 243 | 210M | 57 / 73 | 84 / 39 | 18M | 55M |
| Q1 2024 | 229 | 248M | 27 / 86 | 90 / 30 | 44M | 53M |
| Q4 2023 | 233 | 257M | 29 / 73 | 110 / 35 | 27M | 29M |
| Q3 2023 | 240 | 259M | 32 / 85 | 97 / 29 | 30M | 25M |
Top mutual fund and ETF holders
Latest monthly portfolio reports (Form N-PORT)
| Fund | Shares | % of ZTO | Value | % of fund | As of |
|---|---|---|---|---|---|
| Pzena Emerging Markets Value Fund | 1,378,959 | – | $30.50M | 0.71% | May 31, 2026 |
| Emerging Markets Core Equity 2 Portfolio | 840,133 | – | $20.18M | 0.06% | Jul 31, 2026 |
| Avantis Emerging Markets Equity ETF | 780,784 | – | $17.27M | 0.07% | May 31, 2026 |
| State Street(R) SPDR(R) Portfolio Emerging Markets ETF | 709,274 | – | $15.87M | 0.09% | Jun 30, 2026 |
| Steward Global Equity Income Fund | 378,952 | – | $9.10M | 1.98% | Jul 31, 2026 |
| Vanguard Emerging Markets Select Stock Fund | 280,021 | – | $6.73M | 0.55% | Jul 31, 2026 |
| Brown Advisory Emerging Markets Select Fund | 278,744 | – | $6.24M | 0.60% | Jun 30, 2026 |
| ICON Natural Resources and Infrastructure Fund | 260,000 | – | $5.82M | 4.33% | Jun 30, 2026 |
| The Emerging Markets Series | 244,606 | – | $5.88M | 0.07% | Jul 31, 2026 |
| Mercer Non-US Core Equity Fund | 138,928 | – | $3.11M | 0.06% | Jun 30, 2026 |
| Emerging Markets Fund | 107,041 | – | $2.57M | 0.22% | Jul 31, 2026 |
| Invesco Golden Dragon China ETF | 96,059 | – | $2.31M | 2.35% | Jul 31, 2026 |
| ActivePassive International Equity ETF | 73,666 | – | $1.63M | 0.16% | May 31, 2026 |
| Avantis Emerging Markets Equity Fund | 58,473 | – | $1.29M | 0.11% | May 31, 2026 |
| State Street(R) SPDR(R) S&P(R) China ETF | 55,050 | – | $1.23M | 0.28% | Jun 30, 2026 |
Officers, directors and major owners
People who filed Forms 3, 4 or 5 in the last two years
| Name | Role | Shares owned | Latest filing |
|---|---|---|---|
| Hongqun Hu | Chief Operating Officer, Director | 31,448 | Mar 24, 2026 |
| Meisong Lai | Chief Executive Officer, Director | 211,041,381 | Mar 24, 2026 |
| Jilei Wang | VP of Infrastr. Mgmt., Director | 42,116,711 | Mar 24, 2026 |
| Jianfeng Zhang | VP of Public Relations | 13,732 | Mar 24, 2026 |
| Jianchang Lai | VP of Overseas Operations | 21,082 | Mar 24, 2026 |
| Jingxi Zhu | President | 513,023 | Mar 24, 2026 |
| Huiping Yan | Chief Financial Officer | 33,324 | Mar 24, 2026 |
| Wei WZ Zhu | Director | – | Aug 28, 2026 |
| Xing Liu | Director | 18,448 | Mar 18, 2026 |
| Charles Huang | Director | 18,448 | Mar 17, 2026 |
| Herman Cheng-Chun Yu | Director | 55,343 | Mar 17, 2026 |
| Fang Xie | Director | 1,879 | Mar 16, 2026 |
| Di Xu | Director | – | Mar 16, 2026 |
Insider trades
Common stock transactions reported on Form 4, newest first
| Insider | Date | Transaction | Shares | Price | Value | Shares after |
|---|---|---|---|---|---|---|
| Huiping Yan Chief Financial Officer | Mar 23, 2026 | Option exercise | +15,248 | – | – | 33,324 |
| Jilei Wang VP of Infrastr. Mgmt., Director | Mar 23, 2026 | Option exercise | +13,108 | – | – | 28,646 |
| Meisong Lai Chief Executive Officer, Director | Mar 23, 2026 | Option exercise | +154,000 | – | – | 332,461 |
| Jianfeng Zhang VP of Public Relations | Mar 23, 2026 | Option exercise | +5,072 | – | – | 13,732 |
| Jianchang Lai VP of Overseas Operations | Mar 23, 2026 | Option exercise | +9,621 | – | – | 21,082 |
| Hongqun Hu Chief Operating Officer, Director | Mar 23, 2026 | Option exercise | +14,218 | – | – | 31,448 |
| Jingxi Zhu President | Mar 23, 2026 | Option exercise | +15,172 | – | – | 32,325 |
| Jingxi Zhu President | Mar 23, 2026 | Option exercise | +237 | – | – | 480,698 |
Awards, option exercises, tax withholding and gifts are shown alongside open-market buys and sales. Each name links to the filing on SEC EDGAR.
Planned insider sales
Notices of proposed sale filed on Form 144 before shares are sold
| Seller | Filed | Shares | Market value | Planned sale | Acquired through |
|---|---|---|---|---|---|
| ES Holding Limited ZTO 10% Stockholder | Aug 26, 2026 | 200,000 | $4.26M | Aug 26, 2026 | Purchase |
| ES Holding Limited ZTO 10% Stockholder | Jun 24, 2026 | 20,000 | $439.20K | Jun 24, 2026 | Purchase |
| ES Holding Limited ZTO 10% Stockholder | Mar 25, 2026 | 1,000,000 | $24.32M | Mar 25, 2026 | Purchase |
| ES Holding Limited ZTO 10% Stockholder | Dec 10, 2025 | 300,000 | $6.26M | Dec 10, 2025 | Purchase |
| ES Holding Limited ZTO Other: Shareholder | Aug 26, 2025 | 300,000 | $5.75M | Aug 26, 2025 | Purchase |
| Es Holding Limited Zto Other: Shareholderl | May 28, 2025 | 200,000 | $3.51M | May 28, 2025 | Purchase |
| Es Holding Limited Zto Other: Shareholder | Mar 26, 2025 | 350,000 | $6.99M | Mar 26, 2025 | Purchase |
| Es Holding Limited Zto Other: Shareholder | Dec 2, 2024 | 200,000 | $3.80M | Dec 2, 2024 | Purchase |
| Es Holding Limited Zto Other: Shareholder | Aug 29, 2024 | 500,000 | $10.49M | Aug 29, 2024 | Purchase |
| Tsun-Ming Kao Affiliate | May 28, 2024 | 11,978 | $296.46K | May 30, 2024 | Vesting of Restricted Shares Units |
| Es Holding Limited Zto Other: Shareholder | May 22, 2024 | 500,000 | $12.28M | May 22, 2024 | Purchase |
| Es Holding Limited Zto Other: Shareholder | Mar 26, 2024 | 550,174 | $11.60M | Mar 26, 2024 | Purchase |
| Wjl Holding Limited Zto Other: Affiliate | Dec 27, 2023 | 235,288 | $4.72M | Dec 27, 2023 | Acquired from issuer in private transaction |
| Es Holding Limited Zto Other: Shareholder | Dec 20, 2023 | 50,000 | $1.01M | Dec 20, 2023 | Purchase |
| Wjl Holding Limited Zto Other: Affiliate | Sep 28, 2023 | 382,343 | $9.25M | Sep 28, 2023 | Acquired from issuer in private transaction |