Kanzhun Limited (BZ) Declined in Q2 on Weak Cash Billing Growth

Artisan Partners, an investment management company, released its “Artisan Developing World Fund” second quarter 2025 investor letter. A copy of the letter can be downloaded here. In the second quarter, the fund (Investor Class) returned 14.40% compared to 11.99% for the MSCI Emerging Markets Index. The Artisan Developing World Fund has returned 192.04% cumulatively, since June 30, 2015, compared to 60.03% for the index. Equities rose in the quarter despite uncertainty around US trade initiatives, strife in longer-dated bond markets, shifts in global currency preferences, and flash points in geopolitical conditions. US markets outperformed international markets in local currency terms for the same period. In addition, please check the fund’s top five holdings to know its best picks in 2025.

In its second quarter 2025 investor letter, Artisan Developing World Fund highlighted stocks such as Kanzhun Limited (NASDAQ:BZ). Kanzhun Limited (NASDAQ:BZ) is an online recruitment service provider in the People's Republic of China. The one-month return of Kanzhun Limited (NASDAQ:BZ) was 0.11%, and its shares lost 0.53% of their value over the last 52 weeks. On July 8, 2025, Kanzhun Limited (NASDAQ:BZ) stock closed at $18.66 per share, with a market capitalization of $8.252 billion.

Artisan Developing World Fund stated the following regarding Kanzhun Limited (NASDAQ:BZ) in its second quarter 2025 investor letter:

"Bottom contributors to performance for the quarter included Meituan, PDD Holdings, Chinese real estate platform KE Holdings (BEKE), LVMH, and Chinese online recruitment services company Kanzhun Limited (NASDAQ:BZ). Kanzhun fell as cash billing growth remained weak due to fragile hiring demand in China, despite strong user growth and profitability."

Kanzhun Limited (NASDAQ:BZ) is not on our list of 30 Most Popular Stocks Among Hedge Funds. As per our database, 25 hedge fund portfolios held Kanzhun Limited (NASDAQ:BZ) at the end of the first quarter, compared to 29 in the previous quarter. In the first quarter, Kanzhun Limited (NASDAQ:BZ) reported revenue of RMB 1.92 billion, up 13% year-on-year. While we acknowledge the potential of BZ as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

In another article, we covered Kanzhun Limited (NASDAQ:BZ) and shared the list of oversold growth stocks to buy. In addition, please check out our hedge fund investor letters Q2 2025 page for more investor letters from hedge funds and other leading investors.

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Disclosure: None. This article is originally published at Insider Monkey.