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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
Kovack Advisors, Inc.2,522$567.2K0.03%+462+22.4%Added
Siemens Fonds Invest GmbH2,487$565.6K0.03%+1,115+81.3%Added
Meridian Wealth Management, LLC2,457$552.6K0.02%+2,457New
Hudson Value Partners, LLC2,412$548.2K0.16%00.0%Unchanged
Numerai GP LLC2,433$547.2K0.07%−4,547−65.1%Reduced
AlphaGrep UK Ltd2,408$541.6K0.18%+2,408New
Metis Global Partners, LLC2,337$525.6K0.01%−301−11.4%Reduced
Pursuit Wealth Management LLC2,335$525.2K0.45%+2,335New
Left Brain Wealth Management, LLC2,325$522.9K0.18%−1,405−37.7%Reduced
Eagle Strategies LLC2,306$518.7K0.07%+84+3.8%Added
Cane Capital Partners, LLC2,295$516.2K0.22%+2,295New
Kingsview Wealth Management, LLC2,291$515.3K0.01%−412−15.2%Reduced
Machina Capital S.A.S.2,280$512.8K0.10%+2,280New
Evolve Private Wealth, LLC2,277$512.1K0.03%+2,277New
KG&L Capital Management,LLC2,268$510.1K0.13%−3,525−60.8%Reduced
Wedmont Private Capital2,173$502.3K0.02%+61+2.9%Added
Stratos Wealth Partners, LTD.2,231$501.8K0.01%+414+22.8%Added
Change Path, LLC2,226$500.7K0.01%+73+3.4%Added
Entropy Technologies, LP2,219$499.1K0.03%+2,219New
Midwest Trust Co2,207$496.4K0.01%+2,207New
Meeder Advisory Services, Inc.2,197$494.1K0.02%+149+7.3%Added
Visionary Wealth Advisors2,189$492.4K0.02%−135−5.8%Reduced
Miller Financial Services LLC2,141$490.9K0.58%+2,141New
Freestone Capital Holdings, LLC2,167$487.4K0.01%−56−2.5%Reduced
Sigma Planning Corp2,130$479.2K0.01%−1,271−37.4%Reduced
Twin Tree Management, LP2,102$472.8K0.05%+2,102New
NewEdge Wealth, LLC2,089$469.9K0.01%+91+4.6%Added
Group One Trading, L.P.2,088$469.6K0.01%+2,088New
Ballentine Partners, LLC2,080$467.8K0.01%−2−0.1%Reduced
Pier 88 Investment Partners LLC2,080$467.8K0.10%+780+60.0%Added
IFP Advisors, Inc2,057$462.7K0.01%+387+23.2%Added
CWM Advisors, LLC2,050$461.1K0.04%+419+25.7%Added
Stanley-Laman Group, Ltd.2,047$460.4K0.06%+2,047New
Valeo Financial Advisors, LLC2,046$460.2K0.01%+1,270+163.7%Added
Jacobi Capital Management LLC2,010$452.1K0.03%+1,334+197.3%Added
United Capital Financial Advisers, LLC2,005$451.0K0.00%+831+70.8%Added
UniSuper Management Pty Ltd2,000$449.8K0.00%+300+17.6%Added
GSB Wealth Management, LLC1,990$447.6K0.10%+500+33.6%Added
Intech Investment Management LLC1,966$442.2K0.00%−1,754−47.2%Reduced
Alamea Verwaltungs GmbH2,198$439.6K0.30%+488+28.5%Added
TRUE Private Wealth Advisors1,942$436.8K0.04%−39−2.0%Reduced
Algert Global LLC1,930$434.1K0.01%+1,930New
bLong Financial, LLC1,915$430.7K0.30%00.0%Unchanged
Truvestments Capital LLC1,910$429.6K0.08%−51−2.6%Reduced
Rare Wolf Capital LLC1,890$425.1K0.27%+1,890New
Woodline Partners LP1,878$422.4K0.00%−81,604−97.8%Reduced
Wealthcare Advisory Partners LLC1,876$421.9K0.01%−2,056−52.3%Reduced
DB Fitzpatrick & Co, Inc1,846$415.2K0.37%−22−1.2%Reduced
TCG Advisory Services, LLC1,845$415.0K0.01%+96+5.5%Added
EverSource Wealth Advisors, LLC1,840$413.9K0.02%−365−16.6%Reduced
International Assets Investment Management, LLC1,828$411.2K0.03%+276+17.8%Added
Armistice Capital, LLC1,822$409.8K0.01%+1,822New
Nisa Investment Advisors, LLC1,806$406.2K0.00%−6,862−79.2%Reduced
Essential Partners LLC1,804$405.8K0.12%−1,302−41.9%Reduced
Dara Capital US, Inc.1,789$402.4K0.36%+1,789New
Steward Partners Investment Advisory, LLC1,778$399.9K0.00%−80−4.3%Reduced
AlphaCore Capital LLC1,778$399.9K0.01%+1,107+165.0%Added
Lake Street Financial LLC1,753$394.3K0.05%−197−10.1%Reduced
Moody National Bank Trust Division1,735$390.2K0.04%−995−36.4%Reduced
Meiji Yasuda Asset Management Co Ltd.1,732$389.6K0.02%−167−8.8%Reduced
Snowden Capital Advisors LLC1,729$388.9K0.01%+414+31.5%Added
Laird Norton Trust Company, LLC1,726$388.2K0.01%+1,726New
Newbridge Financial Services Group, Inc.1,715$385.7K0.06%−453−20.9%Reduced
Spirit of America Management Corp1,700$382.4K0.08%−200−10.5%Reduced
Accurate Wealth Management, LLC1,761$381.7K0.05%+210+13.5%Added
Banque Pictet & Cie SA1,693$380.8K0.00%00.0%Unchanged
Palumbo Wealth Management LLC1,666$374.7K0.09%+103+6.6%Added
Harbour Investments, Inc.1,665$374.5K0.01%−76−4.4%Reduced
Quest Partners LLC1,661$373.6K0.02%+1,536+1,228.8%Added
Traynor Capital Management, Inc.1,647$370.5K0.02%−151−8.4%Reduced
Nwam LLC1,708$367.5K0.02%−650−27.6%Reduced
Independent Advisor Alliance1,632$367.0K0.01%−160−8.9%Reduced
Frank, Rimerman Advisors LLC1,607$361.4K0.02%+933+138.4%Added
Parcion Private Wealth LLC1,587$356.9K0.02%−1−0.1%Reduced
WBI Investments1,581$355.6K0.09%+1,581New
Westfuller Advisors, LLC1,564$351.8K0.14%00.0%Unchanged
QRG Capital Management, Inc.1,559$350.6K0.00%+95+6.5%Added
Capital Performance Advisors LLP1,554$349.6K0.02%−69−4.3%Reduced
TCW Group Inc1,554$349.5K0.00%+1,554New
Dorsey & Whitney Trust CO LLC1,541$346.6K0.02%+31+2.1%Added
Twinbeech Capital LP1,533$344.8K0.02%+1,533New
Atomi Financial Group, Inc.1,511$339.9K0.01%−636−29.6%Reduced
Essex Financial Services, Inc.1,498$336.9K0.02%−34−2.2%Reduced
Intesa Sanpaolo S.p.A.1,467$334.4K0.02%+1,467New
Wiley Bros.-Aintree Capital, LLC1,467$330.0K0.00%+69+4.9%Added
Smartleaf Asset Management LLC1,442$327.9K0.01%+293+25.5%Added
Saturna Capital CORP1,458$327.9K0.00%00.0%Unchanged
Burney Co1,433$322.3K0.01%−68−4.5%Reduced
Allegiance Financial Group Advisory Services LLC1,397$314.2K0.07%+19+1.4%Added
Odyssean, LLC1,394$313.5K0.23%+1,394New
Capital Advisory Group Advisory Services, LLC1,382$310.8K0.09%+121+9.6%Added
Inceptionr LLC1,368$307.7K0.09%+1,368New
Eastern Bank1,367$307.5K0.01%+22+1.6%Added
Thrivent Financial for Lutherans1,357$305.0K0.00%−1,707−55.7%Reduced
Norden Group LLC1,353$304.3K0.03%−53−3.8%Reduced
Stephens Inc1,351$303.9K0.00%−10,985−89.0%Reduced
Avalon Trust Co1,340$301.4K0.02%+140+11.7%Added
Jupiter Wealth Management LLC1,750$299.1K0.13%00.0%Unchanged
Prentice Wealth Management LLC1,310$294.6K0.07%+32+2.5%Added
MOR Wealth Management, LLC1,308$294.2K0.13%+1,308New