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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
GraniteShares Advisors LLC2,675$601.7K0.37%+389+17.0%Added
Eventide Asset Management, LLC2,651$602.8K0.01%+496+23.0%Added
SkyOak Wealth, LLC2,705$608.4K0.11%+2,705New
V-Square Quantitative Management LLC2,720$611.8K0.06%+2,720New
Callan Family Office, LLC2,732$614.5K0.01%+560+25.8%Added
Los Angeles Capital Management LLC1,924$619.6K0.00%−19,599−91.1%Reduced
Ossiam2,782$625.7K0.01%−1,058−27.6%Reduced
Prudential Financial Inc2,776$631.3K0.00%−2,914−51.2%Reduced
Green Alpha Advisors, LLC2,827$635.8K0.58%+90+3.3%Added
Coldstream Capital Management Inc2,837$638.1K0.01%+297+11.7%Added
Turning Point Benefit Group, Inc.2,840$638.8K0.33%+1,185+71.6%Added
Vise Technologies, Inc.2,941$661.6K0.01%−65−2.2%Reduced
Koshinski Asset Management, Inc.2,957$665.1K0.04%+73+2.5%Added
One Wealth Management Investment & Advisory Services, LLC3,011$677.2K0.74%−9−0.3%Reduced
Harmony Asset Management LLC3,015$678.1K0.23%+815+37.0%Added
Boothbay Fund Management, LLC3,020$679.3K0.02%+177+6.2%Added
Jamison Private Wealth Management, Inc.3,022$679.7K0.08%00.0%Unchanged
RSM US Wealth Management LLC3,012$685.0K0.01%+363+13.7%Added
M&T Bank Corp3,068$690.6K0.00%+781+34.1%Added
HB Wealth Management, LLC3,148$708.0K0.00%−541−14.7%Reduced
Flagship Harbor Advisors, LLC3,149$708.3K0.03%−142−4.3%Reduced
Optas, LLC3,152$709.0K0.11%+1,569+99.1%Added
Fieldview Capital Management, LLC3,154$709.4K0.12%+3,154New
Centaurus Financial, Inc.3,158$710.0K0.03%−328−9.4%Reduced
Krane Funds Advisors LLC3,190$717.5K0.02%+3+0.1%Added
Advisors Asset Management, Inc.3,196$718.8K0.01%−2,667−45.5%Reduced
Worthington Financial Partners, LLC3,200$719.7K0.64%+3,200New
Vestcor Inc3,218$724.0K0.02%00.0%Unchanged
Apollon Wealth Management, LLC3,229$726.3K0.01%+23+0.7%Added
D.A. Davidson & Co.3,232$726.9K0.00%+1,229+61.4%Added
First National Bank of Hutchinson3,243$729.4K0.43%+37+1.2%Added
Noble Wealth Management PBC3,269$735.3K0.37%−61−1.8%Reduced
Integrated Wealth Concepts LLC3,299$741.9K0.01%−697−17.4%Reduced
DC Investments Management, LLC3,338$750.8K0.33%00.0%Unchanged
Farther Finance Advisors, LLC3,358$755.4K0.01%+1,994+146.2%Added
Blueshift Asset Management, LLC3,387$761.8K0.22%+3,387New
Teacher Retirement System of Texas3,405$765.9K0.00%−9,842−74.3%Reduced
Principal Financial Group Inc3,434$772.4K0.00%−823−19.3%Reduced
North Dakota State Investment Board3,438$773.3K0.03%+3,438New
Prescott Group Capital Management, L.L.C.3,500$787.2K0.07%−3,500−50.0%Reduced
Credit Industriel Et Commercial3,533$794.6K0.12%+3,170+873.3%Added
Hillsdale Investment Management Inc.3,600$809.7K0.02%+3,600New
EMC Capital Management3,780$819.0K0.36%+3,350+779.1%Added
Allworth Financial LP3,672$825.9K0.00%+148+4.2%Added
Bailard, Inc.3,700$832.2K0.02%−2,204−37.3%Reduced
Sunbelt Securities, Inc.3,755$844.6K0.06%+1,808+92.9%Added
Ostrum Asset Management3,761$845.9K0.04%+527+16.3%Added
Omers Administration Corp3,764$846.6K0.01%−6,556−63.5%Reduced
ING Groep NV3,773$848.6K0.01%+2,617+226.4%Added
Investors Towarzystwo Funduszy Inwestycyjnych Spolka Akcyjna3,815$858.1K0.33%+3,000+368.1%Added
Jane Street Group, LLC3,819$859.0K0.00%−48,672−92.7%Reduced
Oppenheimer & Co Inc3,836$862.8K0.01%−504−11.6%Reduced
Paragon Capital Management Inc3,860$868.2K0.67%+3,860New
Ovata Capital Management Ltd3,880$872.7K0.11%+3,880New
Capstone Investment Advisors, LLC3,901$877.4K0.01%−457−10.5%Reduced
Shepherd Financial Partners LLC3,925$882.8K0.08%−19−0.5%Reduced
Legal Advantage Investments, Inc.4,000$899.7K0.42%00.0%Unchanged
1832 Asset Management L.P.4,002$900.1K0.00%−515,116−99.2%Reduced
Oak Thistle LLC4,015$903.1K0.13%+4,015New
Sienna Gestion4,000$905.2K0.05%+1,750+77.8%Added
J.W. Cole Advisors, Inc.4,106$908.5K0.02%+80+2.0%Added
E. Ohman J:or Asset Management AB4,050$910.9K0.02%00.0%Unchanged
Western Financial Corp4,051$911.2K0.36%−47−1.1%Reduced
Kensington Investment Counsel, LLC4,085$918.8K0.37%−664−14.0%Reduced
Brinker Capital Investments, LLC4,134$929.7K0.01%−190−4.4%Reduced
StoneX Group Inc.4,363$981.3K0.04%+879+25.2%Added
Sentinel Dome Partners, LLC4,400$989.6K0.67%+4,400New
CSM Advisors, LLC4,465$1.00M0.03%+821+22.5%Added
Tokio Marine Asset Management Co Ltd4,473$1.01M0.03%+342+8.3%Added
GWM Advisors LLC4,577$1.03M0.00%−1,802−28.2%Reduced
Diversified Trust Co4,578$1.03M0.02%+477+11.6%Added
Alphadyne Asset Management LP4,634$1.04M0.10%+4,634New
Everence Capital Management Inc4,667$1.05M0.06%+1,537+49.1%Added
Dai-Ichi Life Insurance Company, Ltd4,700$1.06M0.03%00.0%Unchanged
KRS Capital Management, LLC4,700$1.06M0.61%+613+15.0%Added
Nano Cap New Millennium Growth Fund L P4,700$1.06M0.90%+4,700New
Quest Investment Management LLC4,733$1.06M0.11%−997−17.4%Reduced
Gotham Asset Management, LLC4,814$1.08M0.00%−25,701−84.2%Reduced
Axq Capital, LP4,844$1.09M0.25%+4,844New
TLWM4,884$1.10M0.20%−75−1.5%Reduced
Meiji Yasuda Life Insurance Co4,934$1.11M0.03%−72−1.4%Reduced
Maryland State Retirement & Pension System4,946$1.11M0.02%+200+4.2%Added
Guerra Pan Advisors, LLC4,999$1.12M0.67%−20.0%Reduced
Firsthand Capital Management, Inc.5,000$1.12M2.09%00.0%Unchanged
PKO Investment Management Joint-Stock Co5,000$1.12M0.09%+5,000New
Diversify Advisory Services, LLC5,266$1.13M0.04%−4,299−44.9%Reduced
Greenland Capital Management LP5,015$1.13M0.16%+5,015New
Gulf International Bank (UK) Ltd5,131$1.15M0.04%00.0%Unchanged
Comerica Bank5,201$1.17M0.00%−597−10.3%Reduced
AG2R la Mondiale Gestion D'Actifs5,236$1.18M0.05%+987+23.2%Added
TrueMark Investments, LLC5,358$1.21M0.23%−227−4.1%Reduced
Cox Capital Mgt LLC5,576$1.21M0.75%00.0%Unchanged
Norinchukin Bank, The5,384$1.21M0.01%+970+22.0%Added
Nicholas Investment Partners, LP5,387$1.21M0.09%−6,704−55.4%Reduced
Compass Capital Corp7,196$1.22M0.47%00.0%Unchanged
Buckingham Strategic Partners5,491$1.24M0.02%−4,871−47.0%Reduced
Bridgewater Associates, LP5,518$1.24M0.00%−21,258−79.4%Reduced
Synergy Financial Group, LTD5,669$1.28M0.90%−324−5.4%Reduced
Towarzystwo Funduszy Inwestycyjnych Pzu SA5,705$1.28M0.32%+1,553+37.4%Added
Ameritas Investment Partners, Inc.5,765$1.30M0.04%+572+11.0%Added