Richard Pzena's ZTO Position Overview
Richard Pzena (via Pzena Investment Management LLC) currently holds 7.46 M shares of ZTO Express (Cayman) Inc. (ZTO) worth $187.79 M, representing 0.61% of the portfolio. First purchased in 2023-Q3, this medium-term investment has been held for 11 quarters.
Based on 13F filings, Richard Pzena has maintained a strategic position in ZTO, demonstrating sustained confidence in this investment. Largest addition occurred in Q1 2024, adding 4.79 M shares. Largest reduction occurred in Q4 2025, reducing 418,953 shares.
Analysis based on 13F filings available since 2013 Q2
Richard Pzena's ZTO Express (Cayman) (ZTO) Holding Value Over Time
Track share changes against reported price movement
Quarterly ZTO Express (Cayman) (ZTO) Trades by Richard Pzena
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2026 | -119,523 | Reduce 1.58% | 7.46 M | $25.17 |
| Q4 2025 | -418,953 | Reduce 5.24% | 7.58 M | $20.89 |
| Q3 2025 | +376,179 | Add 4.93% | 8 M | $19.20 |
| Q2 2025 | -105,374 | Reduce 1.36% | 7.62 M | $17.75 |
| Q1 2025 | -131,683 | Reduce 1.68% | 7.73 M | $19.84 |
| Q4 2024 | +820,686 | Add 11.66% | 7.86 M | $19.55 |
| Q3 2024 | +1.08 M | Add 18.11% | 7.04 M | $24.77 |
| Q2 2024 | +70,527 | Add 1.20% | 5.96 M | $20.75 |
| Q1 2024 | +4.79 M | Add 437.89% | 5.89 M | $20.94 |
| Q4 2023 | +34,203 | Add 3.22% | 1.09 M | $21.28 |
| Q3 2023 | +1.06 M | New Buy | 1.06 M | $24.17 |
Richard Pzena's ZTO Express (Cayman) Investment FAQs
Richard Pzena first purchased ZTO Express (Cayman) Inc. (ZTO) in Q3 2023, acquiring 1,060,769 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Richard Pzena has held ZTO Express (Cayman) Inc. (ZTO) for 11 quarters since Q3 2023.
Richard Pzena's largest addition to ZTO Express (Cayman) Inc. (ZTO) was in Q1 2024, adding 5,889,745 shares worth $123.33 M.
According to the latest 13F filing for Q1 2026, Richard Pzena's firm, Pzena Investment Management LLC, owns 7,460,931 shares of ZTO Express (Cayman) Inc. (ZTO), valued at approximately $187.79 M.
As of the Q1 2026 filing, ZTO Express (Cayman) Inc. (ZTO) represents approximately 0.61% of Richard Pzena's publicly disclosed stock portfolio, making it one of their key holdings.
Richard Pzena's peak holding in ZTO Express (Cayman) Inc. (ZTO) was 7,999,407 shares, as reported at the end of Q3 2025.