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Sandler Capital Management’s Zscaler ZS Stock Holding History

Sandler Capital Management’s Portfolio ZS Stock Details ZS Fund Activity
Bought
Maintained
Sold
Quarter Market Value Status Shares Change in
Stake 		Trade Value Portfolio Weight Portfolio Position
2025
Q4 		– Sell
-6,061
Closed -$1.82M – 201
2025
Q3 		$1.82M Sell
6,061
-3,115
-34% -$888K 0.53% 72
2025
Q2 		$2.88M Buy
9,176
+2,351
+34% +$586K 0.78% 49
2025
Q1 		$1.35M Sell
6,825
-6,872
-50% -$1.37M 0.34% 96
2024
Q4 		$2.47M Buy
13,697
+6,116
+81% +$1.18M 0.26% 118
2024
Q3 		$1.3M Sell
7,581
-24,419
-76% -$4.46M 0.17% 118
2024
Q2 		$6.15M Buy
+32,000
New +$5.7M 0.66% 60
2023
Q3 		– Sell
-63,410
Closed -$9.28M – 133
2023
Q2 		$9.28M Buy
+63,410
New +$7.74M 0.76% 48
2022
Q4 		– Sell
-83,019
Closed -$13.6M – 111
2022
Q3 		$13.6M Buy
83,019
+23,019
+38% +$3.77M 1.9% 16
2022
Q2 		$8.97M Buy
+60,000
New +$10.6M 0.95% 46
2022
Q1 		– Sell
-15,431
Closed -$4.96M – 138
2021
Q4 		$4.96M Sell
15,431
-56,649
-79% -$17.8M 0.43% 73
2021
Q3 		$18.9M Buy
72,080
+5,530
+8% +$1.39M 1.68% 15
2021
Q2 		$14.4M Buy
66,550
+40,510
+156% +$7.7M 1.12% 38
2021
Q1 		$4.47M Buy
+26,040
New +$5.17M 0.38% 89
2019
Q2 		– Sell
-144,470
Closed -$10.2M – 172
2019
Q1 		$10.2M Sell
144,470
-55,530
-28% -$2.95M 0.8% 54
2018
Q4 		$7.84M Sell
200,000
-205,544
-51% -$7.76M 0.66% 50
2018
Q3 		$16.5M Buy
405,544
+121,854
+43% +$4.92M 0.84% 43
2018
Q2 		$10.1M Buy
+283,690
New +$8.66M 0.85% 45

Other funds holding ZS

Vanguard Group
Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return
BlackRock
BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return
Invesco
Invesco Atlanta, Georgia $1.02T AUM 30.18% 1-Year Est. Return
Fidelity Investments
Fidelity Investments Boston, Massachusetts $1.9T AUM 41.92% 1-Year Est. Return
First Trust Advisors
First Trust Advisors Wheaton, Illinois $140B AUM 27.84% 1-Year Est. Return
T. Rowe Price Associates
T. Rowe Price Associates Baltimore, Maryland $865B AUM 30.76% 1-Year Est. Return
Goldman Sachs
Goldman Sachs New York $871B AUM 31.28% 1-Year Est. Return
American Century Companies
American Century Companies Kansas City, Missouri $194B AUM 35% 1-Year Est. Return
State Street
State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return
Geode Capital Management
Geode Capital Management Boston, Massachusetts $1.61T AUM 30.72% 1-Year Est. Return

Sandler Capital Management's ZS Position: Q4 2025 in Review

Sandler Capital Management sold out of Zscaler (ZS) in Q4 2025, closing a stake of 6,061 shares — an estimated $1.82M sold.

Sandler Capital Management first reported a position in ZS in Q2 2018 and held it in 17 quarters. The position peaked at $18.9M in Q3 2021. 885 funds tracked by Wall St. Rank hold ZS as of Q4 2025.

  • Sandler Capital Management reported no remaining Zscaler position as of Q4 2025 after selling out during the quarter.
  • Sandler Capital Management sold 6,061 Zscaler shares in Q4 2025, an estimated $1.82M.
  • Sandler Capital Management first reported a position in Zscaler in Q2 2018 and held it in 17 quarters.
  • Sandler Capital Management's Zscaler position peaked at $18.9M in Q3 2021.
  • 885 funds tracked by Wall St. Rank held Zscaler as of Q4 2025.

Based on Sandler Capital Management's 13F filing for Q4 2025, filed 17 Feb 2026.