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.
| Quarter | Holders | Value |
|---|---|---|
| Q2 2026 | 749 | $11.7B |
| Q1 2026 | 752 | $12.5B |
| Q4 2025 | 891 | $20.0B |
| Q3 2025 | 912 | $24.5B |
| Q2 2025 | 907 | $26.1B |
| Q1 2025 | 769 | $16.7B |
| Q4 2024 | 762 | $13.7B |
| Q3 2024 | 700 | $12.6B |
| Q2 2024 | 734 | $13.5B |
| Q1 2024 | 739 | $13.6B |
| Q4 2023 | 741 | $15.2B |
| Q3 2023 | 624 | $10.2B |
| Q2 2023 | 595 | $9.88B |
| Q1 2023 | 573 | $7.85B |
| Q4 2022 | 562 | $7.50B |
| Q3 2022 | 608 | $10.9B |
| Q2 2022 | 594 | $9.70B |
| Q1 2022 | 631 | $15.2B |
| Q4 2021 | 661 | $20.5B |
| Q3 2021 | 601 | $16.0B |
| Q2 2021 | 549 | $13.0B |
| Q1 2021 | 537 | $9.49B |
Institutions, Q4 2025
Shares, value and share of portfolio for each institution holding Zscaler, Inc.; share changes are against Q3 2025.
| Institution | Shares | Value | % of portfolio | Change in shares | Action |
|---|---|---|---|---|---|
| Cetera Investment Advisers | 34,062 | $7.66M | 0.01% | +4,695+16.0% | Added |
| GF Fund Management Co. Ltd. | 33,638 | $7.57M | 0.13% | +2,629+8.5% | Added |
| Wealth Enhancement Advisory Services, LLC | 34,047 | $7.56M | 0.01% | −8,950−20.8% | Reduced |
| Baird Financial Group, Inc. | 33,194 | $7.47M | 0.01% | +188+0.6% | Added |
| Quantinno Capital Management LP | 32,848 | $7.39M | 0.01% | +32,848 | New |
| Alberta Investment Management Corp | 32,800 | $7.38M | 0.04% | +32,800 | New |
| EFG International AG | 32,019 | $7.20M | 0.14% | +32,019 | New |
| Resona Asset Management Co.,Ltd. | 31,434 | $7.09M | 0.03% | −259−0.8% | Reduced |
| CI Private Wealth, LLC | 31,272 | $7.03M | 0.01% | −410−1.3% | Reduced |
| Envestnet Asset Management Inc | 30,645 | $6.89M | 0.00% | +1,227+4.2% | Added |
| Polar Asset Management Partners Inc. | 30,000 | $6.75M | 0.13% | +30,000 | New |
| Bank of Nova Scotia | 29,795 | $6.70M | 0.01% | +25,879+660.9% | Added |
| CWM, LLC | 29,497 | $6.63M | 0.02% | −26,649−47.5% | Reduced |
| Lido Advisors, LLC | 27,311 | $6.59M | 0.03% | +21,138+342.4% | Added |
| Arizona State Retirement System | 28,354 | $6.38M | 0.03% | −1,611−5.4% | Reduced |
| Optiver Holding B.V. | 28,039 | $6.31M | 0.11% | +26,761+2,094.0% | Added |
| OP Asset Management Ltd | 26,857 | $6.04M | 0.07% | +11,612+76.2% | Added |
| Fjarde Ap-Fonden /Fourth Swedish National Pension Fund | 25,460 | $5.73M | 0.05% | −160−0.6% | Reduced |
| Scalar Gauge Management, LLC | 25,000 | $5.62M | 3.73% | +25,000 | New |
| Daiwa Securities Group Inc. | 24,747 | $5.57M | 0.02% | +2,399+10.7% | Added |
| Oak Ridge Investments LLC | 24,678 | $5.55M | 0.34% | +2,325+10.4% | Added |
| Brown Advisory Inc | 24,402 | $5.49M | 0.01% | +19,458+393.6% | Added |
| Princeton Capital Management LLC | 24,155 | $5.43M | 1.40% | +465+2.0% | Added |
| Munich Reinsurance Co Stock Corp in Munich | 23,627 | $5.37M | 0.13% | +16,801+246.1% | Added |
| Campbell & CO Investment Adviser LLC | 22,643 | $5.09M | 0.24% | +15,189+203.8% | Added |
| Navis Wealth Advisors, LLC | 22,184 | $4.99M | 2.11% | 00.0% | Unchanged |
| LMCG Investments, LLC | 22,101 | $4.97M | 0.28% | +1,252+6.0% | Added |
| IFM Investors Pty Ltd | 22,048 | $4.96M | 0.04% | +254+1.2% | Added |
| B. Metzler seel. Sohn & Co. AG | 22,030 | $4.96M | 0.04% | −996−4.3% | Reduced |
| Weatherly Asset Management L. P. | 21,930 | $4.93M | 0.38% | +2,110+10.6% | Added |
| Kornitzer Capital Management Inc | 21,675 | $4.88M | 0.10% | −425−1.9% | Reduced |
| Ilmarinen Mutual Pension Insurance Co | 21,660 | $4.87M | 0.04% | +1,700+8.5% | Added |
| US Bancorp | 21,447 | $4.82M | 0.01% | −127−0.6% | Reduced |
| Xponance, Inc. | 21,285 | $4.79M | 0.04% | +1,002+4.9% | Added |
| Davy Global Fund Management Ltd | 21,194 | $4.77M | 0.33% | +3,007+16.5% | Added |
| NLB Skladi, upravljanje premozenja, d.o.o. | 21,193 | $4.77M | 0.22% | +21,193 | New |
| Howe & Rusling Inc | 21,043 | $4.73M | 0.31% | −2,209−9.5% | Reduced |
| Swedbank AB | 20,706 | $4.66M | 0.00% | +9,966+92.8% | Added |
| DnB Asset Management AS | 20,638 | $4.64M | 0.02% | −12,581−37.9% | Reduced |
| Cambridge Investment Research Advisors, Inc. | 20,494 | $4.61M | 0.01% | −1,560−7.1% | Reduced |
| STRS Ohio | 20,393 | $4.59M | 0.02% | +18,058+773.4% | Added |
| Beacon Pointe Advisors, LLC | 20,371 | $4.58M | 0.03% | −260−1.3% | Reduced |
| Leonteq Securities AG | 20,323 | $4.57M | 0.24% | +11,086+120.0% | Added |
| Oversea-Chinese Banking CORP Ltd | 20,002 | $4.50M | 0.12% | +20,002 | New |
| Proem Advisors LLC | 20,000 | $4.50M | 1.52% | +20,000 | New |
| Azzad Asset Management Inc | 19,990 | $4.50M | 0.44% | +1,505+8.1% | Added |
| Jones Financial Companies LLLP | 19,956 | $4.49M | 0.00% | +2,911+17.1% | Added |
| iA Global Asset Management Inc. | 19,828 | $4.46M | 0.06% | +1,796+10.0% | Added |
| Toronto Dominion Bank | 19,178 | $4.31M | 0.01% | −2,479−11.4% | Reduced |
| PensionDanmark Pensionsforsikringsaktieselskab | 19,140 | $4.30M | 0.04% | +19,140 | New |
| Independent Financial Group, LLC | 19,115 | $4.30M | 0.10% | +383+2.0% | Added |
| Sanctuary Advisors, LLC | 18,940 | $4.26M | 0.02% | +1,292+7.3% | Added |
| Macquarie Group Ltd | 18,660 | $4.20M | 0.02% | −109,832−85.5% | Reduced |
| Swiss Life Asset Management Ltd | 18,545 | $4.17M | 0.02% | +733+4.1% | Added |
| Parallax Volatility Advisers, L.P. | 18,301 | $4.12M | 0.13% | −60,751−76.8% | Reduced |
| Oak Associates, Ltd | 18,288 | $4.11M | 0.25% | 00.0% | Unchanged |
| British Columbia Investment Management Corp | 18,225 | $4.10M | 0.02% | +3,681+25.3% | Added |
| Shelton Capital Management | 18,184 | $4.09M | 0.08% | +832+4.8% | Added |
| USS Investment Management Ltd | 18,134 | $4.08M | 0.02% | +39+0.2% | Added |
| Mitchell Capital Management Co | 17,296 | $3.89M | 0.70% | −1,092−5.9% | Reduced |
| Banque Cantonale Vaudoise | 16,705 | $3.76M | 0.13% | −7,634−31.4% | Reduced |
| Scotia Capital Inc. | 16,657 | $3.74M | 0.02% | +30+0.2% | Added |
| Investment Management Corp of Ontario | 16,520 | $3.72M | 0.05% | −11,081−40.1% | Reduced |
| Utah Retirement Systems | 16,251 | $3.66M | 0.03% | +138+0.9% | Added |
| Advisory Services Network, LLC | 16,077 | $3.62M | 0.05% | −9,143−36.3% | Reduced |
| Grandeur Peak Global Advisors, LLC | 15,915 | $3.58M | 0.48% | +174+1.1% | Added |
| Andra AP-fonden | 15,864 | $3.57M | 0.04% | −8,105−33.8% | Reduced |
| Qsemble Capital Management, LP | 15,773 | $3.55M | 0.29% | +8,099+105.5% | Added |
| Spear Advisors LLC | 15,382 | $3.46M | 2.42% | +15,382 | New |
| Police & Firemen's Retirement System of New Jersey | 15,143 | $3.41M | 0.03% | −596−3.8% | Reduced |
| Motley Fool Asset Management LLC | 14,933 | $3.36M | 0.13% | +4,013+36.7% | Added |
| Valicenti Advisory Services Inc | 14,378 | $3.23M | 0.68% | +1,177+8.9% | Added |
| Private Advisor Group, LLC | 14,004 | $3.15M | 0.01% | −12,720−47.6% | Reduced |
| Dark Forest Capital Management LP | 13,916 | $3.13M | 0.14% | +12,258+739.3% | Added |
| MML Investors Services, LLC | 13,878 | $3.12M | 0.01% | −4,286−23.6% | Reduced |
| First Washington CORP | 13,724 | $3.09M | 0.80% | −475−3.3% | Reduced |
| Y.D. More Investments Ltd | 13,660 | $3.07M | 0.15% | −509−3.6% | Reduced |
| Kestra Advisory Services, LLC | 13,570 | $3.05M | 0.01% | −871−6.0% | Reduced |
| Fideuram - Intesa Sanpaolo Private Banking S.P.A. | 13,511 | $3.04M | 0.11% | +13,511 | New |
| Rockefeller Capital Management L.P. | 13,344 | $3.00M | 0.01% | +708+5.6% | Added |
| Red Spruce Capital, LLC | 13,271 | $2.98M | 1.19% | −180−1.3% | Reduced |
| MIG Capital, LLC | 13,241 | $2.98M | 0.51% | 00.0% | Unchanged |
| Rakuten Investment Management, Inc. | 12,967 | $2.96M | 0.01% | −28,055−68.4% | Reduced |
| Oxbow Advisors, LLC | 13,068 | $2.94M | 0.26% | +13,068 | New |
| ASR Vermogensbeheer N.V. | 12,982 | $2.92M | 0.03% | +6,806+110.2% | Added |
| JustInvest LLC | 12,770 | $2.87M | 0.03% | −186−1.4% | Reduced |
| Hudson Bay Capital Management LP | 12,757 | $2.87M | 0.02% | +12,757 | New |
| Toroso Investments, LLC | 12,706 | $2.86M | 0.01% | +2,627+26.1% | Added |
| Simplex Trading, LLC | 12,660 | $2.85M | 0.08% | +3,348+36.0% | Added |
| Alps Advisors Inc | 12,598 | $2.83M | 0.02% | +760+6.4% | Added |
| Profund Advisors LLC | 12,559 | $2.82M | 0.09% | +1,303+11.6% | Added |
| Main Management ETF Advisors, LLC | 12,527 | $2.82M | 0.10% | +128+1.0% | Added |
| Hennion & Walsh Asset Management, Inc. | 12,280 | $2.76M | 0.10% | −1,035−7.8% | Reduced |
| Essex Investment Management Co LLC | 12,238 | $2.75M | 0.42% | −196−1.6% | Reduced |
| Westpac Banking Corp | 12,137 | $2.73M | 0.17% | +2,151+21.5% | Added |
| Janney Montgomery Scott LLC | 12,129 | $2.73M | 0.01% | +155+1.3% | Added |
| Siren, L.L.C. | 12,000 | $2.70M | 0.08% | +12,000 | New |
| Tredje AP-fonden | 11,981 | $2.69M | 0.02% | −287−2.3% | Reduced |
| Bank Julius Baer & Co. Ltd, Zurich | 11,896 | $2.69M | 0.01% | −995−7.7% | Reduced |
| Thoroughbred Financial Services, LLC | 11,908 | $2.68M | 0.16% | −1,574−11.7% | Reduced |