Zto Express (Cayman) Inc. (ZTO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Linden Advisors LpBOND	324,304,000	$322,569,711	1.98%
2.	Harding Loevner Lp	12,321,785	$218,763,371	1.47%
3.	Temasek Holdings (private) Ltd	10,426,750	$185,074,813	0.71%
4.	Jane Street Group, LlcCALL	5,800,700	$102,962,425	0.02%
5.	Ubs Group Ag	5,199,945	$92,299,024	0.02%