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Livermore
Livermore
ZHEN

Zscaler, Inc.

ZS
Exchange
Nasdaq
Industry
Services-Computer Programming Services
SEC CIK
0001713683

In the last 90 days, Zscaler, Inc. insiders filed 0 open-market purchases and 12 sales; 749 institutions reported holding it in 13F filings for Q2 2026, worth $11.7B in total; no superinvestor holds it.

13F holders, Q4 2025

Institutional positions in Zscaler, Inc. as of Dec 31, 2025. Investment managers with $100 million or more in US stocks report their long positions on Form 13F within 45 days after each quarter ends. How 13F works

Institutional holders
891
−2 vs. Q3 2025
Shares held
89.1M
+7.83M (+9.6%) vs. Q3 2025
Total value
$20.0B
−$4.30B (−17.7%) vs. Q3 2025
New holders
146
327 more added
Sold out
148
298 more reduced

19 institutions that held it in Q3 2025 haven't filed for Q4 2025 yet. Not filing isn't selling, so they aren't counted as sold out or in the changes above.

Compare with Q3 2025: new holders, sold out and not filed yet

Holders and value by quarter

Institutions reporting ZS on Form 13F each quarter since Q1 2021, and the total value they reported. Values are as of each quarter end, so they also move with the share price.

Institutional holdersQ4 2025: 891 institutions
Q1 2021: 537 institutionsQ2 2021: 549 institutionsQ3 2021: 601 institutionsQ4 2021: 661 institutionsQ1 2022: 631 institutionsQ2 2022: 594 institutionsQ3 2022: 608 institutionsQ4 2022: 562 institutionsQ1 2023: 573 institutionsQ2 2023: 595 institutionsQ3 2023: 624 institutionsQ4 2023: 741 institutionsQ1 2024: 739 institutionsQ2 2024: 734 institutionsQ3 2024: 700 institutionsQ4 2024: 762 institutionsQ1 2025: 769 institutionsQ2 2025: 907 institutionsQ3 2025: 912 institutionsQ4 2025: 891 institutionsQ1 2026: 752 institutionsQ2 2026: 749 institutions
Value heldQ4 2025: $20.0B
Q1 2021: $9.49BQ2 2021: $13.0BQ3 2021: $16.0BQ4 2021: $20.5BQ1 2022: $15.2BQ2 2022: $9.70BQ3 2022: $10.9BQ4 2022: $7.50BQ1 2023: $7.85BQ2 2023: $9.88BQ3 2023: $10.2BQ4 2023: $15.2BQ1 2024: $13.6BQ2 2024: $13.5BQ3 2024: $12.6BQ4 2024: $13.7BQ1 2025: $16.7BQ2 2025: $26.1BQ3 2025: $24.5BQ4 2025: $20.0BQ1 2026: $12.5BQ2 2026: $11.7B
Institutions holding ZS and their total value by quarter
QuarterHoldersValue
Q2 2026749$11.7B
Q1 2026752$12.5B
Q4 2025891$20.0B
Q3 2025912$24.5B
Q2 2025907$26.1B
Q1 2025769$16.7B
Q4 2024762$13.7B
Q3 2024700$12.6B
Q2 2024734$13.5B
Q1 2024739$13.6B
Q4 2023741$15.2B
Q3 2023624$10.2B
Q2 2023595$9.88B
Q1 2023573$7.85B
Q4 2022562$7.50B
Q3 2022608$10.9B
Q2 2022594$9.70B
Q1 2022631$15.2B
Q4 2021661$20.5B
Q3 2021601$16.0B
Q2 2021549$13.0B
Q1 2021537$9.49B

Institutions, Q4 2025

Shares, value and share of portfolio for each institution holding Zscaler, Inc.; share changes are against Q3 2025.

Institutions holding ZS in Q4 2025
InstitutionSharesValue% of portfolioChange in sharesAction
Hallmark Capital Management Inc0$590.00%0Unchanged
Davis Capital Management1$2250.00%00.0%Unchanged
IMG Wealth Management, Inc.1$2250.00%00.0%Unchanged
Seneschal Advisors, LLC1$2250.00%00.0%Unchanged
Wealth Watch Advisors, INC1$2250.00%00.0%Unchanged
SHP Wealth Management1$2250.00%+1New
ZRC Wealth Management, LLC1$2250.00%+1New
Nemes Rush Group LLC1$2250.00%+1New
WPG Advisers, LLC2$4500.00%00.0%Unchanged
Atlantic Private Wealth, LLC2$4500.00%+2New
1015 Capital Partners, LLC2$4500.00%+2New
Umb Bank N A3$6750.00%−5−62.5%Reduced
Winnow Wealth LLC3$6750.00%−2−40.0%Reduced
DecisionPoint Financial, LLC3$6750.00%00.0%Unchanged
Anfield Capital Management, LLC3$6750.00%00.0%Unchanged
Bare Financial Services, Inc3$6750.00%00.0%Unchanged
Central Trust Co3$6750.00%+2+200.0%Added
Whipplewood Advisors, LLC3$6750.00%+3New
Dogwood Wealth Management LLC4$9000.00%−13−76.5%Reduced
GHP Investment Advisors, Inc.4$9000.00%00.0%Unchanged
Horizon Investments, LLC4$9000.00%+1+33.3%Added
PayPay Securities Corp4$9000.03%+1+33.3%Added
LRI Investments, LLC4$9000.00%+4New
United Financial Planning Group LLC4$9000.00%+4New
Quattro Advisors LLC4$9000.00%+4New
Winthrop Capital Management, LLC4$1.00K0.00%−4−50.0%Reduced
New Millennium Group LLC5$1.13K0.00%−64−92.8%Reduced
Duncker Streett & Co Inc6$1.35K0.00%00.0%Unchanged
Aspect Partners, LLC6$1.35K0.00%00.0%Unchanged
DiNuzzo Private Wealth, Inc.6$1.35K0.00%00.0%Unchanged
Optima Capital LLC6$1.35K0.00%+6New
TD Private Client Wealth LLC7$1.57K0.00%−2−22.2%Reduced
Cedar Mountain Advisors, LLC7$1.57K0.00%00.0%Unchanged
Principia Wealth Advisory, LLC7$1.57K0.00%+1+16.7%Added
Essential Investment Partners LLC7$1.57K0.00%+7New
Rialto Wealth Management, LLC7$1.57K0.00%00.0%Unchanged
Kilter Group LLC7$1.57K0.00%00.0%Unchanged
Cornerstone Planning Group LLC8$1.71K0.00%+8New
Bay Harbor Wealth Management, LLC8$1.80K0.00%+3+60.0%Added
Chilton Capital Management LLC8$1.80K0.00%+8New
Strategic Wealth Advisors LLC11$2.00K0.00%+11New
Fortitude Family Office, LLC9$2.02K0.00%−3−25.0%Reduced
AdvisorNet Financial, Inc9$2.02K0.00%+3+50.0%Added
Crewe Advisors LLC9$2.02K0.00%00.0%Unchanged
Berkshire Capital Holdings Inc10$2.25K0.00%00.0%Unchanged
Steigerwald, Gordon & Koch Inc.10$2.25K0.00%00.0%Unchanged
HHM Wealth Advisors, LLC10$2.25K0.00%00.0%Unchanged
Private Wealth Management Group, LLC10$2.25K0.00%00.0%Unchanged
Highline Wealth Partners LLC11$2.47K0.00%−16−59.3%Reduced
Elyxium Wealth, LLC11$2.47K0.00%+11New
Cromwell Holdings LLC12$2.70K0.00%00.0%Unchanged
Glen Eagle Advisors, LLC12$2.70K0.00%00.0%Unchanged
Prestige Wealth Management Group LLC12$2.70K0.00%−90−88.2%Reduced
Legacy Wealth Managment, LLC12$2.70K0.00%+12New
Greenline Wealth Management LLC13$2.90K0.00%+13New
Golden State Wealth Management, LLC13$2.92K0.00%+10+333.3%Added
Raffa Wealth Management, LLC14$3.15K0.00%00.0%Unchanged
Brown, Lisle/Cummings, Inc.15$3.37K0.00%00.0%Unchanged
Keating Financial Advisory Services, Inc.15$3.37K0.00%+15New
Hughes Financial Services, LLC16$3.60K0.00%00.0%Unchanged
Signature Equity Partners, LLC16$3.60K0.00%+16New
Bell Investment Advisors, Inc17$3.82K0.00%−2−10.5%Reduced
Tidemark, LLC17$3.82K0.00%00.0%Unchanged
MV Capital Management, Inc.17$3.82K0.00%+1+6.3%Added
Avion Wealth19$4.00K0.00%−7−26.9%Reduced
Accent Capital Management, LLC18$4.05K0.00%00.0%Unchanged
MPWM Advisory Solutions, LLC18$4.05K0.00%+18New
Rossby Financial, LCC19$4.27K0.00%+9+90.0%Added
SageView Advisory Group, LLC19$4.27K0.00%+19New
SJS Investment Consulting Inc.20$4.50K0.00%+18+900.0%Added
Bogart Wealth, LLC23$5.17K0.00%−2−8.0%Reduced
Ameriflex Group, Inc.24$5.40K0.00%−536−95.7%Reduced
Asset Dedication, LLC25$5.62K0.00%00.0%Unchanged
LMR Partners LLP27$6.07K0.00%+4+17.4%Added
Elequin Capital LP27$6.07K0.00%+27New
WealthCollab, LLC28$6.30K0.00%00.0%Unchanged
Evolution Wealth Management Inc.30$6.75K0.01%00.0%Unchanged
Bessemer Group Inc33$7.00K0.00%−988−96.8%Reduced
JFS Wealth Advisors, LLC32$7.20K0.00%+10+45.5%Added
Inlight Wealth Management, LLC33$7.42K0.00%00.0%Unchanged
Cornerstone Financial Management LLC34$7.65K0.01%+34New
MJT & Associates Financial Advisory Group, Inc.34$7.65K0.01%−12−26.1%Reduced
Compass Financial Services Inc35$7.87K0.00%00.0%Unchanged
Silicon Valley Capital Partners36$8.15K0.00%00.0%Unchanged
Rocky Mountain Advisers, LLC37$8.32K0.00%00.0%Unchanged
Sfam, LLC37$8.32K0.01%+37New
Aster Capital Management (DIFC) Ltd37$8.32K0.00%+37New
Financial Consulate, Inc37$8.32K0.00%00.0%Unchanged
Swiss Re Ltd41$9.22K0.00%+41New
Kemnay Advisory Services Inc.41$9.22K0.00%+41New
CBIZ Investment Advisory Services, LLC43$9.67K0.00%00.0%Unchanged
Rachor Investment Advisory Services, LLC43$9.67K0.01%+43New
High Note Wealth, LLC45$10.1K0.00%00.0%Unchanged
Hantz Financial Services, Inc.51$11.0K0.00%+3+6.3%Added
Cranbrook Wealth Management, LLC50$11.2K0.00%00.0%Unchanged
Islay Capital Management, LLC50$11.2K0.01%00.0%Unchanged
Orion Capital Management LLC50$11.2K0.00%00.0%Unchanged
Strengthening Families & Communities, LLC51$11.5K0.00%+35+218.8%Added
Key Financial Inc54$12.1K0.00%00.0%Unchanged
Zions Bancorporation, National Association57$12.8K0.00%+46+418.2%Added