Latest Period
Q4 2025
Security Snapshot
Zscaler, Inc. - Common Stock (ZS) Institutional Ownership
CUSIP: 98980G102
13F Institutional Holders and Ownership History from Q1 2018 to Q1 2026
Institutions Reporting
876
Shares (Excl. Options)
85,346,977
Price
$224.92
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- Type / Class
- Equity / Common Stock
- Symbol
- ZS on Nasdaq
- Shares outstanding
- 158,326,435
- Price per share
- $122.62
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 85,346,977
- Total reported value
- $19,188,386,830
- % of total 13F portfolios
- 0.01%
- Share change
- +3,686,297
- Value change
- +$785,035,397
- Number of holders
- 876
- Price from insider filings
- $122.62
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- ZS - Zscaler, Inc. - Common Stock is tracked under CUSIP 98980G102.
- 876 institutions reported positions in Q4 2025.
- Schedule 13D/13G significant owner rows are not currently available.
What Changed
- Holder count moved from 876 to 232 between Q4 2025 and Q1 2026.
- Reported value moved from $19,188,386,830 to $820,426,130.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 876 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 98980G102?
CUSIP 98980G102 identifies ZS - Zscaler, Inc. - Common Stock in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 98980G102:
As of 31 Dec 2025, 876 institutional investors reported holding 85,346,977 shares of Zscaler, Inc. - Common Stock (ZS). This represents 54% of the company’s total 158,326,435 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of Zscaler, Inc. - Common Stock (ZS) together control 36% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| VANGUARD GROUP INC | 7.2% | 11,423,424 | +0.49% | 0.04% | $2,569,356,525 |
| BlackRock, Inc. | 4.9% | 7,830,756 | +0.5% | 0.03% | $1,761,293,784 |
| FMR LLC | 2.9% | 4,529,502 | +12% | 0.05% | $1,018,775,607 |
| FIRST TRUST ADVISORS LP | 1.6% | 2,582,897 | +16% | 0.42% | $580,945,140 |
| PRICE T ROWE ASSOCIATES INC /MD/ | 1.6% | 2,572,358 | +43% | 0.06% | $578,576,000 |
| GOLDMAN SACHS GROUP INC | 1.5% | 2,412,416 | +32% | 0.08% | $542,600,521 |
| AMERICAN CENTURY COMPANIES INC | 1.5% | 2,401,772 | -0.71% | 0.27% | $540,206,558 |
| STATE STREET CORP | 1.5% | 2,337,604 | +3.4% | 0.02% | $525,773,892 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.3% | 2,069,630 | +5% | 0.03% | $464,782,696 |
| T. Rowe Price Investment Management, Inc. | 1.2% | 1,928,098 | -15% | 0.27% | $433,668,000 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | 1.1% | 1,669,505 | -0.89% | 0.08% | $375,505,066 |
| AQR CAPITAL MANAGEMENT LLC | 1% | 1,599,045 | -18% | 0.19% | $359,657,113 |
| TIGER GLOBAL MANAGEMENT LLC | 1% | 1,579,766 | -6.1% | 1.2% | $355,320,969 |
| MORGAN STANLEY | 0.98% | 1,557,639 | +25% | 0.02% | $350,344,889 |
| Invesco Ltd. | 0.93% | 1,469,657 | +14% | 0.05% | $330,555,268 |
| UBS Group AG | 0.8% | 1,269,322 | +129% | 0.06% | $285,495,905 |
| Pictet Asset Management Holding SA | 0.8% | 1,259,127 | +30% | 0.28% | $283,295,621 |
| FEDERATED HERMES, INC. | 0.76% | 1,204,917 | -6% | 0.45% | $271,009,932 |
| VOYA INVESTMENT MANAGEMENT LLC | 0.6% | 950,885 | +6% | 0.21% | $213,873,055 |
| BARCLAYS PLC | 0.46% | 727,417 | +14% | 0.07% | $163,610,633 |
| NORTHERN TRUST CORP | 0.43% | 680,449 | +1.7% | 0.02% | $153,046,589 |
| Amundi | 0.43% | 676,845 | -4.2% | 0.05% | $152,235,977 |
| Legal & General Group Plc | 0.41% | 645,996 | +9.4% | 0.03% | $145,297,422 |
| Squarepoint Ops LLC | 0.4% | 633,876 | +369% | 0.29% | $142,571,390 |
| Artisan Partners Limited Partnership | 0.37% | 593,545 | +23% | 0.2% | $133,500,083 |
Institutional Holders of Zscaler, Inc. - Common Stock (ZS) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 5,849,912 | $820,426,130 | +$18,197,919 | $140.29 | 232 |
| 2025 Q4 | 85,346,977 | $19,188,386,830 | +$785,035,397 | $224.92 | 876 |
| 2025 Q3 | 81,562,258 | $24,431,039,247 | -$508,340,044 | $299.66 | 899 |
| 2025 Q2 | 83,161,166 | $26,089,553,360 | -$24,406,503 | $313.94 | 895 |
| 2025 Q1 | 84,058,713 | $16,665,832,129 | +$1,661,301,428 | $198.42 | 756 |
| 2024 Q4 | 75,186,013 | $13,571,596,607 | +$371,010,811 | $180.41 | 748 |
| 2024 Q3 | 72,883,415 | $12,487,790,009 | +$525,520,922 | $170.94 | 686 |
| 2024 Q2 | 69,895,851 | $13,434,061,845 | -$57,968,565 | $192.19 | 717 |
| 2024 Q1 | 70,069,296 | $13,487,785,431 | +$235,963,227 | $192.63 | 723 |
| 2023 Q4 | 68,359,998 | $15,145,638,977 | +$653,384,089 | $221.56 | 730 |
| 2023 Q3 | 65,656,356 | $10,217,333,096 | -$271,577,038 | $155.59 | 608 |
| 2023 Q2 | 67,178,857 | $9,829,413,250 | +$159,679,893 | $146.30 | 582 |
| 2023 Q1 | 67,163,916 | $7,841,154,881 | +$33,128,464 | $116.83 | 557 |
| 2022 Q4 | 69,779,832 | $7,806,144,103 | -$51,464,298 | $111.90 | 547 |
| 2022 Q3 | 68,847,062 | $11,328,621,196 | +$653,531,614 | $164.37 | 585 |
| 2022 Q2 | 64,685,983 | $9,687,521,243 | +$246,863,175 | $149.51 | 568 |
| 2022 Q1 | 62,891,046 | $15,146,614,228 | -$297,578,744 | $241.28 | 617 |
| 2021 Q4 | 63,766,501 | $20,486,725,743 | +$942,093,768 | $321.33 | 644 |
| 2021 Q3 | 61,057,486 | $16,007,859,607 | +$236,457,750 | $262.22 | 582 |
| 2021 Q2 | 59,968,923 | $12,957,951,024 | +$1,085,526,860 | $216.06 | 535 |
| 2021 Q1 | 55,253,429 | $9,486,524,948 | -$224,266,178 | $171.67 | 527 |
| 2020 Q4 | 56,269,180 | $11,237,351,698 | +$230,511,047 | $199.71 | 503 |
| 2020 Q3 | 55,296,320 | $7,779,351,162 | +$13,603,921 | $140.69 | 406 |
| 2020 Q2 | 55,360,879 | $6,072,579,835 | +$333,685,154 | $109.50 | 361 |
| 2020 Q1 | 53,504,420 | $3,255,388,346 | +$110,465,363 | $60.86 | 269 |
| 2019 Q4 | 51,919,446 | $2,414,331,758 | +$198,449,313 | $46.50 | 243 |
| 2019 Q3 | 47,106,975 | $2,226,020,993 | +$58,404,188 | $47.26 | 236 |
| 2019 Q2 | 42,645,272 | $3,269,772,581 | +$128,921,042 | $76.64 | 268 |
| 2019 Q1 | 43,036,080 | $3,051,510,493 | +$388,585,478 | $70.93 | 200 |
| 2018 Q4 | 38,239,162 | $1,498,643,908 | +$265,998,262 | $39.21 | 143 |
| 2018 Q3 | 31,326,021 | $1,276,258,668 | +$86,980,749 | $40.78 | 147 |
| 2018 Q2 | 30,012,369 | $1,072,938,546 | +$234,393,347 | $35.75 | 102 |
| 2018 Q1 | 24,016,986 | $674,159,724 | +$673,541,723 | $28.07 | 86 |