896 hedge funds and large institutions have $24.5B invested in Zscaler in 2025 Q3 according to their latest regulatory filings, with 129 funds opening new positions, 372 increasing their positions, 254 reducing their positions, and 114 closing their positions.

New
Increased
Maintained
Reduced
Closed

more repeat investments, than reductions

Existing positions increased: | Existing positions reduced:

more first-time investments, than exits

New positions opened: | Existing positions closed:

less funds holding

Funds holding:

less call options, than puts

Call options by funds: $ | Put options by funds: $

1.88% less ownership

Funds ownership: 53.45%51.58% (-1.9%)

6% less capital invested

Capital invested by funds: $26.1B → $24.5B (-$1.64B)

30% less funds holding in top 10

Funds holding in top 10: 107 (-3)

Holders
896
Holders Change
Holders Change %
% of All Funds
Holding in Top 10
7
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
New
Increased
Reduced
Closed
Calls
$1.82B
Puts
$1.94B
Net Calls
Net Calls Change

Top Buyers

1 +$323M
2 +$220M
3 +$196M
4
Fidelity Investments
Fidelity Investments
Massachusetts
+$160M
5
BlackRock
BlackRock
New York
+$128M

Top Sellers

1 -$371M
2 -$307M
3 -$220M
4
D.E. Shaw & Co
D.E. Shaw & Co
New York
-$193M
5
Two Sigma Advisers
Two Sigma Advisers
New York
-$164M
Name Holding Trade Value Shares
Change
Change in
Stake
TF
401
TLWM Financial
Texas
$1.49M
Brown Advisory
402
Brown Advisory
Maryland
$1.48M
CIBC World Market
403
CIBC World Market
Ontario, Canada
$1.43M
OIAM
404
OFI Invest Asset Management
France
$1.43M
KIC
405
Kensington Investment Counsel
California
$1.42M
MSRPS
406
Maryland State Retirement & Pension System
Maryland
$1.42M
SC
407
Stance Capital
Massachusetts
$1.42M
DILIC
408
Dai-ichi Life Insurance Company
Japan
$1.41M
VA
409
VestGen Advisors
Illinois
$1.37M
ALMGDA
410
AG2R La Mondiale Gestion d'Actifs
France
$1.33M
NB
411
Norinchukin Bank
Japan
$1.32M
NAM
412
NorthCrest Asset Manangement
Minnesota
$1.31M
DGM
413
Delta Global Management
New York
$1.31M
Capstone Investment Advisors
414
Capstone Investment Advisors
New York
$1.31M
OC
415
Oppenheimer & Co
New York
$1.3M
BCI
416
Brinker Capital Investments
Pennsylvania
$1.3M
Principal Financial Group
417
Principal Financial Group
Iowa
$1.28M
TFIPS
418
Towarzystwo Funduszy Inwestycyjnych PZU SA
$1.24M
RP
419
Riverbridge Partners
Minnesota
$1.24M
VCM
420
Virtue Capital Management
Tennessee
$1.24M
TMAM
421
Tokio Marine Asset Management
Japan
$1.24M
DT
422
Diversified Trust
Tennessee
$1.23M
WFC
423
Western Financial Corp
California
$1.23M
MF
424
Magnetar Financial
Illinois
$1.23M
KCM
425
KRS Capital Management
Michigan
$1.22M