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
CS
76
Candriam SCA
Luxembourg
$51.2M
ProShare Advisors
77
ProShare Advisors
Maryland
$51.1M
Canada Life
78
Canada Life
Manitoba, Canada
$50.4M
Zurich Cantonal Bank
79
Zurich Cantonal Bank
Switzerland
$49.6M
California Public Employees Retirement System
80
California Public Employees Retirement System
California
$49.5M
RhumbLine Advisers
81
RhumbLine Advisers
Massachusetts
$49.4M
Royal Bank of Canada
82
Royal Bank of Canada
Ontario, Canada
$47.4M
CIBC Private Wealth Group
83
CIBC Private Wealth Group
Georgia
$46.2M
Stifel Financial
84
Stifel Financial
Missouri
$45.8M
Universal-Beteiligungs- und Servicegesellschaft
85
Universal-Beteiligungs- und Servicegesellschaft
Germany
$45.1M
RCMU
86
Rokos Capital Management (UK)
United Kingdom
$44.2M
Victory Capital Management
87
Victory Capital Management
Texas
$43M
AIM
88
AXA Investment Managers
France
$42.9M
PL
89
Perpetual Ltd
Australia
$42.3M
California State Teachers Retirement System (CalSTRS)
90
California State Teachers Retirement System (CalSTRS)
California
$42.2M
Mitsubishi UFJ Asset Management
91
Mitsubishi UFJ Asset Management
Japan
$41.3M
Schroder Investment Management Group
92
Schroder Investment Management Group
United Kingdom
$41.1M
Squarepoint
93
Squarepoint
New York
$40.5M
Macquarie Group
94
Macquarie Group
Australia
$39.5M
CAM
95
Cresset Asset Management
Illinois
$38.1M
Man Group
96
Man Group
United Kingdom
$37.7M
Jennison Associates
97
Jennison Associates
New York
$34.6M
Bank of Montreal
98
Bank of Montreal
Ontario, Canada
$34.5M
JG
99
Jain Global
New York
$33.9M
PI
100
PineBridge Investments
New York
$33.3M