Who Owns Zscaler, Inc. (ZS)?Hedge Fund & Institutional Holders
Institutional Holders
50
as of Q4 2025
Total Institutional Value
$InfinityT
% of Float Held
Infinity%
QoQ Change in Holders
+9 / -1
Price History
ZS — Biggest New Institutional Buyers This Quarter
| Fund | Action | Shares Added | Value Added |
|---|---|---|---|
| FMR LLC | Increased | +495K | +$1.0T |
| FEDERATED HERMES, INC. | New Position | +1.2M | +$269.0B |
| UBS Group AG | Increased | +716K | +$119.7B |
| BANK OF AMERICA CORP /DE/ | Increased | +49K | +$117.9B |
| WESTFIELD CAPITAL MANAGEMENT CO LP | New Position | +281K | +$63.0B |
| Holocene Advisors, LP | New Position | +280K | +$62.0B |
| Sumitomo Mitsui Trust Group, Inc. | New Position | +251K | +$56.4B |
| Robeco Institutional Asset Management B.V. | New Position | +249K | +$56.0B |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Increased | +218K | +$42.1B |
| Greenvale Capital LLP | New Position | +175K | +$39.4B |
| KEYBANK NATIONAL ASSOCIATION/OH | New Position | +170K | +$38.2B |
| Universal- Beteiligungs- und Servicegesellschaft mbH | New Position | +167K | +$37.6B |
| M&T BANK CORP | Increased | +237K | +$35.9B |
| Capital Impact Advisors, LLC | New Position | +141K | +$31.8B |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Increased | +134K | +$26.6B |
ZS — Institutions Reducing or Closing Positions
| Fund | Action | Shares Sold | Value Sold |
|---|---|---|---|
| D. E. Shaw & Co., Inc. | Decreased | -873K | -$289.6B |
| AQR CAPITAL MANAGEMENT LLC | Decreased | -343K | -$218.1B |
| AMERICAN CENTURY COMPANIES INC | Decreased | -17K | -$184.9B |
| TWO SIGMA ADVISERS, LP | Decreased | -492K | -$156.0B |
| 1832 Asset Management L.P. | Decreased | -515K | -$155.6B |
| TIGER GLOBAL MANAGEMENT LLC | Decreased | -104K | -$149.1B |
| TWO SIGMA INVESTMENTS, LP | Decreased | -356K | -$122.0B |
| DEUTSCHE BANK AG\ | Decreased | -102K | -$68.3B |
| Amundi | Decreased | -30K | -$65.7B |
| FRANKLIN RESOURCES INC | Decreased | -142K | -$63.9B |
| CREDIT AGRICOLE S A | Decreased | -43K | -$63.2B |
| NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO | Decreased | -185K | -$60.7B |
| Pacer Advisors, Inc. | Decreased | -107K | -$58.9B |
| TUDOR INVESTMENT CORP ET AL | Closed Position | -55.4M | -$55.2B |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | Decreased | -59K | -$53.2B |
Top Institutional Holders(Q4 2025)
| # | Fund | Shares | Value | % of Portfolio | Type |
|---|---|---|---|---|---|
| 1 | FMR LLC | 3,440,906 | $773.0B | 39.41% | Share |
| 2 | FIRST TRUST ADVISORS LP | 2,582,897 | $580.0B | 421.52% | Share |
| 3 | AMERICAN CENTURY COMPANIES INC | 2,401,772 | $540.0B | 271.40% | Share |
| 4 | TIGER GLOBAL MANAGEMENT LLC | 1,579,766 | $355.3B | 1195.79% | Share |
| 5 | AQR CAPITAL MANAGEMENT LLC | 1,561,399 | $351.0B | 184.13% | Share |
| 6 | GOLDMAN SACHS GROUP INC | 1,560,018 | $350.0B | 43.15% | Share |
| 7 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1,286,600 | $289.0B | 33.29% | Put |
| 8 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 1,277,300 | $287.0B | 33.06% | Call |
| 9 | FEDERATED HERMES, INC. | 1,180,801 | $265.0B | 442.74% | Share |
| 10 | UBS Group AG | 1,008,030 | $226.7B | 36.77% | Share |
| 11 | FMR LLC | 981,621 | $220.0B | 11.22% | Share |
| 12 | VOYA INVESTMENT MANAGEMENT LLC | 892,404 | $200.0B | 197.15% | Share |
| 13 | Invesco Ltd. | 846,616 | $190.4B | 29.20% | Share |
| 14 | GOLDMAN SACHS GROUP INC | 802,520 | $180.0B | 22.19% | Share |
| 15 | CITADEL ADVISORS LLC | 703,400 | $158.0B | 23.73% | Put |
| 16 | D. E. Shaw & Co., Inc. | 692,500 | $155.0B | 84.97% | Call |
| 17 | CITADEL ADVISORS LLC | 683,700 | $153.0B | 22.98% | Call |
| 18 | BARCLAYS PLC | 607,698 | $136.0B | 32.64% | Share |
| 19 | Artisan Partners Limited Partnership | 593,545 | $133.0B | 199.12% | Share |
| 20 | GOLDMAN SACHS GROUP INC | 579,300 | $130.0B | 16.03% | Put |
| 21 | UBS Group AG | 549,400 | $123.6B | 20.04% | Put |
| 22 | Invesco Ltd. | 527,510 | $118.6B | 18.19% | Share |
| 23 | UBS Group AG | 524,000 | $117.9B | 19.11% | Call |
| 24 | NORTHERN TRUST CORP | 516,386 | $116.0B | 14.79% | Share |
| 25 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 492,694 | $110.0B | 17.09% | Share |
| 26 | D. E. Shaw & Co., Inc. | 477,200 | $107.0B | 58.65% | Put |
| 27 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 427,992 | $96.0B | 56.23% | Share |
| 28 | CITIGROUP INC | 426,653 | $95.0B | 41.93% | Share |
| 29 | MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. | 425,837 | $95.0B | 142.09% | Share |
| 30 | Skandinaviska Enskilda Banken AB (publ) | 420,086 | $94.0B | 377.03% | Share |
| 31 | DEUTSCHE BANK AG\ | 397,360 | $89.0B | 28.98% | Share |
| 32 | IMC-Chicago, LLC | 384,900 | $86.6B | 31.43% | Put |
| 33 | Amundi | 367,272 | $82.0B | 22.28% | Share |
| 34 | JANUS HENDERSON GROUP PLC | 364,087 | $81.0B | 36.27% | Share |
| 35 | D. E. Shaw & Co., Inc. | 364,113 | $81.0B | 44.40% | Share |
| 36 | IMC-Chicago, LLC | 357,400 | $80.4B | 29.19% | Call |
| 37 | Alyeska Investment Group, L.P. | 335,147 | $75.0B | 211.85% | Share |
| 38 | Champlain Investment Partners, LLC | 331,884 | $74.6B | 755.76% | Share |
| 39 | JACOBS LEVY EQUITY MANAGEMENT, INC | 301,109 | $67.0B | 258.73% | Share |
| 40 | Legal & General Group Plc | 294,016 | $66.0B | 14.64% | Share |
| 41 | Ensign Peak Advisors, Inc | 289,559 | $65.0B | 114.81% | Share |
| 42 | Amundi | 285,125 | $64.0B | 17.39% | Share |
| 43 | WESTFIELD CAPITAL MANAGEMENT CO LP | 280,807 | $63.0B | 262.45% | Share |
| 44 | Swiss National Bank | 282,000 | $63.0B | 37.50% | Share |
| 45 | Nuveen, LLC | 277,999 | $62.0B | 16.23% | Share |
| 46 | CANADA PENSION PLAN INVESTMENT BOARD | 279,693 | $62.0B | 41.47% | Share |
| 47 | Holocene Advisors, LP | 280,000 | $62.0B | 130.20% | Share |
| 48 | Neuberger Berman Group LLC | 273,247 | $61.0B | 45.41% | Share |
| 49 | NICHOLAS COMPANY, INC. | 262,697 | $59.1B | 1034.81% | Share |
| 50 | BANK OF AMERICA CORP /DE/ | 261,667 | $58.0B | 4.22% | Share |
ZS Institutional Ownership History
| Quarter | Holders | Total Value | Change |
|---|---|---|---|
| Q4 2025 | 864 | $9.7T | +286 |
| Q3 2025 | 578 | $11.4T | -212 |
| Q2 2025 | 790 | $12.0T | +48 |
| Q1 2025 | 742 | $11.2T | +84 |
| Q4 2024 | 658 | $30.3T | +140 |
| Q3 2024 | 518 | $671.7T | -22 |
| Q2 2024 | 540 | $1013.6T | +11 |
| Q1 2024 | 529 | $1439.8T | — |
Similar Stocks by Institutional Ownership
As of Q4 2025, 50 institutional investors hold ZS (Zscaler, Inc.). The largest holder is FMR LLC with $773.0B in shares. This quarter, 9 institutions opened new positions and 1 closed their positions.
Frequently Asked Questions
How many hedge funds own ZS?
As of Q4 2025, 50 institutional investors report holding ZS (Zscaler, Inc.) in their 13F filings.
Who is the largest institutional holder of ZS?
The largest institutional holder of ZS is FMR LLC with $773.0B in shares.
Is institutional ownership of ZS increasing or decreasing?
This quarter, 9 institutions opened new positions in ZS and 1 closed their positions.