886 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, 367 increasing their positions, 252 reducing their positions, and 113 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: $

1.69% less ownership

Funds ownership: 53.23%51.54% (-1.7%)

6% less capital invested

Capital invested by funds: $26B → $24.5B (-$1.5B)

30% less funds holding in top 10

Funds holding in top 10: 107 (-3)

Holders
886
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
NCM
951
Novare Capital Management
North Carolina
FRM
952
Fox Run Management
Connecticut
VSQM
953
V-Square Quantitative Management
Illinois
P
954
Pitcairn
Pennsylvania
GSC
955
Ground Swell Capital
South Carolina
NRD
956
Nebula Research & Development
New York
SCM
957
Stevens Capital Management
Pennsylvania
WA
958
WESPAC Advisors
California
EMC
959
Everest Management Corp
California
IC
960
Iconiq Capital
California
YCG
961
Yeomans Consulting Group
Georgia
JIP
962
Jaffetilchin Investment Partners
Florida
IA
963
IFG Advisory
Georgia
LS
964
Livforsakringsbolaget Skandia
Sweden
SFG
965
Stonebridge Financial Group
Pennsylvania
LA
966
LexAurum Advisors
Kansas
CFG
967
Cooper Financial Group
California
AIM
968
Avity Investment Management
Connecticut
MWM
969
Maridea Wealth Management
New York
SWGC
970
Summit Wealth Group (Colorado)
Colorado
AL
971
Aspiriant LLC
California
OR
972
Olympiad Research
Connecticut
SAM
973
Silvercrest Asset Management
New York
APW
974
Austin Private Wealth
Texas
HAS
975
HBW Advisory Services
California