FIL Limited, together with related entities Pandanus Partners, L.P. and Pandanus Associates, Inc., filed a Schedule 13G with the SEC on November 5, 2026, disclosing beneficial ownership of 49,869,468 Class A common shares of Kanzhun Ltd as of September 30, 2026.

Key Highlights

  • Aggregate beneficial ownership: FIL Limited reported 49,869,468 Class A common shares of Kanzhun Ltd, representing 6.0% of the class.
  • Sole voting power: FIL Limited holds sole voting power over 48,752,486 shares, according to the filing.
  • Sole dispositive power: All three reporting persons each reported sole dispositive power over 49,869,468 shares, with zero shared dispositive power.
  • Triggering event date: The date of the event requiring this filing was September 30, 2026.
  • Reporting entities: Three persons are listed - FIL Limited (Bermuda), Pandanus Partners, L.P. (Delaware), and Pandanus Associates, Inc. (Delaware).
  • Ordinary course certification: The filing certifies the securities "were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer."

FIL Limited and Affiliated Entities Disclose Position in Kanzhun Class A Stock

According to the Schedule 13G filing, FIL Limited, a Bermuda-based financial institution, reported aggregate beneficial ownership of 49,869,468 Class A common shares of Kanzhun Ltd (NASDAQ:BZ), corresponding to 6.0% of that class. The filing identifies the CUSIP number for the shares as G5224V103. FIL Limited is classified as type "FI" in the filing, while Pandanus Partners, L.P. is classified as a limited partnership ("PN") and Pandanus Associates, Inc. as a corporation ("CO"), both organized in Delaware.

The filing discloses that FIL Limited holds sole voting power over 48,752,486 shares and sole dispositive power over 49,869,468 shares, with no shared voting or dispositive power reported by any of the three entities. Pandanus Partners, L.P. and Pandanus Associates, Inc. each report zero sole or shared voting power, but each separately reports sole dispositive power over the same 49,869,468 shares. The filing was signed by Stephanie J. Brown, described as "duly authorized under Power of Attorney effective as of December 19, 2022," acting on behalf of all three reporting persons, with signatures dated November 4, 2026.

The filing also notes that "one or more other persons are known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, the CLASS A COMMON STOCK of KANZHUN LTD," but specifies that no single other person's interest exceeds five percent of the total outstanding Class A common stock. The power of attorney referenced in the filing is incorporated by reference to Exhibit 24 of a Schedule 13G filed by FIL Limited on January 31, 2023, with accession number 0000318989-23-000005.

What Was Disclosed

FIL Limited and two affiliated entities filed a Schedule 13G reporting a combined 49,869,468 Class A common shares, or 6.0%, of Kanzhun Ltd, with the triggering event dated September 30, 2026 and the filing signed on November 4, 2026.