Why This $18 Million Sale Might Signal a Shift as a China Tech Bet Falls 34%

Key Points RWC Asset Advisors sold 834,689 shares of Kanzhun Limited in the fourth quarter. The quarter-end position value decreased by $24.00 million, a change reflecting both trading and price movement. Meanwhile, the post-trade stake stood at 1,509,151 shares valued at $30.76 million. - 10 stocks we like better than Kanzhun › RWC Asset Advisors (US) LLC disclosed a sale of 834,689 shares of Kanzhun Limited (NASDAQ:BZ) in its February 17, 2026, SEC filing, an estimated $18.03 million trade based on quarterly average pricing. What happened According to an SEC filing dated February 17, 2026, RWC Asset Advisors (US) LLC reduced its holdings in Kanzhun Limited by 834,689 shares during the final quarter of 2025. The estimated transaction value, based on the period’s average closing price, was $18.03 million. The quarter-end value of the Kanzhun Limited position dropped by $24.00 million, a figure that includes both the effect of share sales and market price changes. What else to know - This sell action lowered the Kanzhun Limited stake to 5.83% of RWC Asset Advisors (US) LLC’s 13F reportable AUM, down from 8.96% in the previous quarter. - Top holdings after the filing: - NYSE:SQM: $100.64 million (19.1% of AUM) - NYSE:VALE: $85.00 million (16.1% of AUM) - NYSE:EMBJ: $79.76 million (15.1% of AUM) - NYSE:GFI: $75.57 million (14.3% of AUM) - NYSE:BABA: $66.01 million (12.5% of AUM) - As of Friday, Kanzhun Limited shares were priced at $13.63, down 34% over the past year and well underperforming the S&P 500, which is instead up 15% in the same period. Company overview | Metric | Value | |---|---| | Price (as of Friday) | $13.63 | | Market Capitalization | $6 billion | | Revenue (TTM) | $1.16 billion | | Net Income (TTM) | $360.59 million | Company snapshot - Kanzhun Limited operates BOSS Zhipin, an online recruitment platform connecting job seekers and employers in China, generating revenue primarily from recruitment services and value-added offerings. - The firm monetizes through service fees paid by enterprises and corporations for access to candidates and recruitment tools, leveraging a digital platform model. - It targets businesses of all sizes and individual job seekers across the Chinese labor market, with a focus on efficient matching and direct communication. Kanzhun Limited is a leading provider of online recruitment solutions in China, leveraging its BOSS Zhipin platform to facilitate direct connections between job seekers and employers. What this transaction means for investors This is the kind of move that forces you to separate business performance from stock performance. On paper, the company is executing well. Revenue hit about $1.18 billion for the full year, while net income climbed to roughly $385 million, up a steep 72% year over year, with clear operating leverage showing through. However, with shares down 34% over the past year, the sell signals a willingness to step back from a name that, while profitable and growing, still sits squarely in a tougher macro and geopolitical bucket, and that’s been true for many Chinese firms this past year. This portfolio leans heavily into commodities and emerging market exposure through names like SQM and Vale, with large, concentrated positions. Against that backdrop, trimming a China-based platform business to about 6% of AUM looks less like a verdict on fundamentals and more like risk management. Ultimately, until sentiment around China tech stabilizes, Kanzhun’s valuation may stay disconnected from its performance. Should you buy stock in Kanzhun right now? Before you buy stock in Kanzhun, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Kanzhun wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you’d have $495,179! Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you’d have $1,058,743! Now, it’s worth noting Stock Advisor’s total average return is 898% — a market-crushing outperformance compared to 183% for the S&P 500. Don't miss the latest top 10 list, available with Stock Advisor, and join an investing community built by individual investors for individual investors. *Stock Advisor returns as of March 21, 2026. Jonathan Ponciano has no position in any of the stocks mentioned. The Motley Fool recommends Alibaba Group. The Motley Fool has a disclosure policy. The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.