Zebra Technologies
ZBRA
708 hedge funds and large institutions have $11.3B invested in Zebra Technologies in 2025 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 232 increasing their positions, 279 reducing their positions, and 133 closing their positions.
50% more funds holding in top 10
Funds holding in top 10: 2 → 3 (+1)
1.85% less ownership
Funds ownership: 93.66% → 91.81% (-1.9%)
7% less funds holding
Funds holding: 760 → 708 (-52)
11% less call options, than puts
Call options by funds: $14.2M | Put options by funds: $15.9M
17% less repeat investments, than reductions
Existing positions increased: 232 | Existing positions reduced: 279
20% less capital invested
Capital invested by funds: $14.1B → $11.3B (-$2.82B)
28% less first-time investments, than exits
New positions opened: 96 | Existing positions closed: 133
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Nordea Investment Management
Stockholm,
Sweden
|
+$234M |
| 2 |
Focus Partners Wealth
Boston,
Massachusetts
|
+$140M |
| 3 |
D.E. Shaw & Co
New York
|
+$115M |
| 4 |
Invesco
Atlanta,
Georgia
|
+$111M |
| 5 |
Alyeska Investment Group
Chicago,
Illinois
|
+$92M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$369M |
| 2 |
AllianceBernstein
Nashville,
Tennessee
|
-$235M |
| 3 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$152M |
| 4 |
Kovitz Investment Group Partners
Chicago,
Illinois
|
-$117M |
| 5 |
Bank of America
Charlotte,
North Carolina
|
-$89.9M |
ZBRA Hedge Fund Activity: Q4 2025 in Review
708 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in Zebra Technologies (ZBRA) for Q4 2025, worth a combined $11.3B — down 20% from $14.1B a quarter earlier.
Sellers outnumbered buyers: 133 funds closed out of ZBRA and 96 opened new positions — a net loss of 37 holders — while 279 trimmed existing stakes and 232 added.
The largest buyer was Nordea Investment Management, adding an estimated $234M. The largest seller was Macquarie Group, cutting an estimated $369M.
- 708 institutional investors held Zebra Technologies (ZBRA) as of Q4 2025, down from 760 in Q3 2025.
- Funds reported $11.3B of Zebra Technologies stock for Q4 2025, down 20% quarter-over-quarter.
- 96 funds opened new Zebra Technologies positions in Q4 2025 and 133 closed out, a net change of -37 holders.
- The largest Zebra Technologies buyer in Q4 2025 was Nordea Investment Management, an estimated $234M added.
- The largest Zebra Technologies seller in Q4 2025 was Macquarie Group, an estimated $369M sold.
Based on aggregated 13F filings for Q4 2025.