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
Allianz Asset Management
126
Allianz Asset Management
Germany
$21M
Focus Partners Wealth
127
Focus Partners Wealth
Massachusetts
$20.7M
AllianceBernstein
128
AllianceBernstein
Tennessee
$20.5M
Susquehanna International Group
129
Susquehanna International Group
Pennsylvania
$20.5M
Mirae Asset Global Investments
130
Mirae Asset Global Investments
South Korea
$20M
OTPPB
131
Ontario Teachers' Pension Plan Board
Ontario, Canada
$19.9M
Aberdeen Group
132
Aberdeen Group
United Kingdom
$19.4M
GC
133
Guggenheim Capital
Illinois
$18.8M
Commonwealth Equity Services
134
Commonwealth Equity Services
Massachusetts
$17.9M
SFA
135
Sequoia Financial Advisors
Ohio
$17.6M
Carson Wealth (CWM LLC)
136
Carson Wealth (CWM LLC)
Nebraska
$16.8M
Handelsbanken Fonder
137
Handelsbanken Fonder
Sweden
$16.8M
Caisse de Depot et Placement du Quebec (CDPQ)
138
Caisse de Depot et Placement du Quebec (CDPQ)
Quebec, Canada
$16.7M
LG
139
LaFleur & Godfrey
Michigan
$16.4M
Cerity Partners
140
Cerity Partners
New York
$16M
State of Wisconsin Investment Board
141
State of Wisconsin Investment Board
Wisconsin
$15.9M
DZ Bank
142
DZ Bank
Germany
$15.9M
Jane Street
143
Jane Street
New York
$15.7M
Millennium Management
144
Millennium Management
New York
$15.3M
Ohio Public Employees Retirement System (OPERS)
145
Ohio Public Employees Retirement System (OPERS)
Ohio
$15.2M
SC
146
SouthState Corp
Florida
$15M
WC
147
Woodstock Corp
Massachusetts
$15M
APG Asset Management
148
APG Asset Management
Netherlands
$15M
AGAM
149
Avalon Global Asset Management
California
$15M
Royal London Asset Management
150
Royal London Asset Management
United Kingdom
$14.8M