Question 1

Does Linden Advisors own ZTO EXPRESS CAYMAN stock?

Accepted Answer

No. Linden Advisors exited its ZTO EXPRESS CAYMAN position in Q3 2025. Its Q2 2025 13F listed 324,304,000 shares worth $322.6M.

Question 2

How many shares of ZTO EXPRESS CAYMAN does Linden Advisors own?

Accepted Answer

None since Q3 2025, when Linden Advisors exited the position. Its Q2 2025 13F listed 324,304,000 shares worth $322.6M.

Question 3

What is Linden Advisors' ZTO EXPRESS CAYMAN position worth?

Accepted Answer

Linden Advisors' ZTO EXPRESS CAYMAN position was worth $322.6M in its Q2 2025 13F, before the exit in Q3 2025.

Question 4

Is Linden Advisors buying or selling ZTO EXPRESS CAYMAN?

Accepted Answer

In Q3 2025, Linden Advisors exited its entire ZTO EXPRESS CAYMAN position.

Question 5

When did Linden Advisors first buy ZTO EXPRESS CAYMAN?

Accepted Answer

Linden Advisors already held ZTO EXPRESS CAYMAN in its Q3 2023 13F, the earliest on record, and listed it in 8 quarterly 13F filings.

Quarter	Action	Shares	Change	Value	Weight	Price	Conviction
2025-Q3 Latest	Exited	0	-100.0%	$0	0.0%	—	0
2025-Q2	Increased	324.3M	+50.2%	$322.6M	2.0%	—	68
2025-Q1	Decreased	215.9M	-3.4%	$217.2M	1.5%	—	0
2024-Q4	Increased	223.4M	+7.5%	$221.3M	1.8%	—	52
2024-Q3	Increased	207.9M	+12.7%	$222.3M	1.9%	—	54

ZTZTO EXPRESS CAYMAN INC