ZAI LAB LTD (ZLAB): Hedge Fund Ownership & Smart Money Signals (Q4 2025)

ZAI LAB LTD (ZLAB)

122 + Investors. Track Smart Money conviction in ZLAB. See who's accumulating, reducing, or initiating positions.

Smart Money Signals — ZLAB

Based on 117 hedge funds · latest filing: 2025 Q4 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q

For 3 consecutive quarters, more hedge funds reduced or closed their ZLAB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

📊

High ownership — 78% of 3.0Y peak

78% of all-time peak

117 funds currently hold this stock — 78% of the 3.0-year high of 150 funds (reached 2025 Q1). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.

〰️

Stable — ownership unchanged year-over-year

fund count last 6Q

The number of hedge funds holding ZLAB is almost the same as a year ago (-3 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.

🟠

More sellers than buyers — 44% buying

67 buying84 selling

Last quarter: 84 funds reduced or exited vs 67 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

📈

More new buyers each quarter (+10 vs last Q)

new funds entering per quarter

Funds opening a new ZLAB position: 45 → 32 → 19 → 29. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.

🔒

52% of holders stayed for 2+ years

■ 52% conviction (2yr+) ■ 28% medium ■ 20% new

61 out of 117 hedge funds have held ZLAB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

💎

Buying through price weakness — shares -17%, value -57%

Value

-56%

-17%

Last quarter: funds added -17% more shares while total portfolio value only changed -57%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.

📊

Peak discovery — momentum slowing

30 → 45 → 32 → 19 → 29 new funds/Q

New funds entering each quarter: 45 → 32 → 19 → 29. ZLAB is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.

🏛️

Deep conviction — 61% of holders stayed 2+ years

■ 61% veterans ■ 11% 1-2yr ■ 28% new

Of 122 current holders: 74 (61%) have held for over 2 years without selling. These are not momentum buyers — they have lived through drawdowns and stayed. A large veteran base acts as a stabilizing force during selloffs.

✅

Strong quality — 23% AUM from major funds

23% from top-100 AUM funds

25 of 117 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

2.7

out of 10

Low Exit Risk

Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Metric	All 13F Filers (2025 Q4)	Prior (2025 Q3)	Change
Funds Holding	122	136	-10.29%
13F Shares	29M	35M	-17.37%
Total Value	$505M	$1.17B	-56.71%
New Positions	29	19	+10
Increased Positions	46	57	-11
Closed Positions	44	35	+9
Reduced Positions	45	53	-8
Total Calls	1	3	-66.67%
Total Puts	4	5	-20.0%
PUT/CALL Ratio	4.0	1.67	Bearish

Metric

All 13F Filers (2025 Q4)

Prior (2025 Q3)

Change

Funds Holding

122

136

-10.29%

13F Shares

29M

35M

-17.37%

Total Value

$505M

$1.17B

-56.71%

New Positions

+10

Increased Positions

-11

Closed Positions

Reduced Positions

-8

Total Calls

-66.67%

Total Puts

-20.0%

PUT/CALL Ratio

4.0

1.67

Bearish

Institutional Holders (2026 Q1)

122 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ZLAB. Verified SEC 13F-HR filings.

FILTER:All New Added To Reduced No Change | Overweight >5% | SHOW: Active managers + show index funds

Top 14 institutional holders of ZLAB — 2025 Q4 · Source: SEC Form 13F
#	Investor	% of Portfolio	Shares	Mkt Value
1	Legacy Wealth Asset Management, LLC	0.11%	24,925	$469K
2	NJ State Employees Deferred Compensation Plan	0.04%	11,300	$383K
3	WealthPlan Investment Management, LLC	0.04%	36,761	$691K
4	China Universal Asset Management Co., Ltd.	0.01%	6,085	$114K
5	Aberdeen Group plc	0.01%	237,739	$4.5M
6	Quent Capital, LLC	0.00%	230	$4K
7	GF FUND MANAGEMENT CO. LTD.	0.00%	873	$16K
8	Farther Finance Advisors, LLC	0.00%	957	$19K
9	SG Americas Securities, LLC	0.00%	5,799	—
10	Bell Investment Advisors, Inc	0.00%	26	—
11	FIFTH THIRD BANCORP	0.00%	1,004	$19K
12	SBI Securities Co., Ltd.	0.00%	40	—
13	IFP Advisors, Inc	0.00%	33	—
14	Blue Trust, Inc.	0.00%	5	—

Investor	Ownership History	% of Portfolio	Prev %	Rank	Conviction	Avg Buy Price	13F Score™ 3Y / 7Y	Sell Timing	Shares	Mkt Value	Change	Change %	Source	Quarter	Filed

Frequently Asked Questions — ZAI LAB LTD (ZLAB)

What does the Smart Money Trend signal show for ZLAB?

Selling streak — 3 quarters in a row: For 3 consecutive quarters, more hedge funds reduced or closed their ZLAB positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for ZLAB?

More sellers than buyers — 44% buying: Last quarter: 84 funds reduced or exited vs 67 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for ZLAB holders?

Strong quality — 23% AUM from major funds: 25 of 117 holders rank in the top 100 by AUM, accounting for 23% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held ZLAB?

52% of holders stayed for 2+ years: 61 out of 117 hedge funds have held ZLAB for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

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ZAI LAB LTD (ZLAB)

Smart Money Signals — ZLAB

Selling streak — 3 quarters in a row

High ownership — 78% of 3.0Y peak

Stable — ownership unchanged year-over-year

More sellers than buyers — 44% buying

More new buyers each quarter (+10 vs last Q)

52% of holders stayed for 2+ years

Buying through price weakness — shares -17%, value -57%

Peak discovery — momentum slowing

Deep conviction — 61% of holders stayed 2+ years

Strong quality — 23% AUM from major funds

Hedge Fund Ownership: ZLAB

Market Analysis: ZLAB

Analyst Price Targets

Analyst Recommendations

Stock Performance

Company Profile: ZLAB

Hedge Fund Positioning: ZLAB

Statistics: ZLAB

Valuation Measures Data as of: --

Financial Highlights

Institutional Holders (2026 Q1)

Frequently Asked Questions — ZAI LAB LTD (ZLAB)

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