Zto Express (Cayman) Inc. (ZTO)

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Institutional Investors' Holdings

Filing Period:

No.	Name	Shares	Value	% Port
1.	Harding Loevner Lp	13,207,572	$262,019,829	2.01%
2.	Linden Advisors LpBOND	215,865,000	$217,151,509	1.47%
3.	Temasek Holdings (private) Ltd	10,426,750	$206,866,720	0.83%
4.	Jane Street Group, LlcCALL	9,951,100	$197,429,824	0.05%
5.	Morgan Stanley	7,232,997	$143,502,677	0.01%