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
CMI
176
Clare Market Investments
Texas
$10.3M
SAM
177
Shikiar Asset Management
New York
$10.2M
Adage Capital Partners
178
Adage Capital Partners
Massachusetts
$10.2M
LF
179
Lansforsakringar Fondforvaltning
Sweden
$10.1M
AIM
180
Arcadia Investment Management
Michigan
$10.1M
NAM
181
Nissay Asset Management
Japan
$9.98M
DnB Asset Management
182
DnB Asset Management
Norway
$9.95M
UCMOK
183
United Capital Management of KS
Kansas
$9.9M
Baird Financial Group
184
Baird Financial Group
Wisconsin
$9.89M
JSSH
185
J. Safra Sarasin Holding
$9.79M
CIBC Asset Management
186
CIBC Asset Management
Ontario, Canada
$9.56M
Corient Private Wealth
187
Corient Private Wealth
Florida
$9.49M
RAM
188
Resona Asset Management
Japan
$9.48M
GFM
189
GF Fund Management
China
$9.29M
GAM
190
Gotham Asset Management
New York
$9.14M
IMRF
191
Illinois Municipal Retirement Fund
Illinois
$9.13M
ASRS
192
Arizona State Retirement System
Arizona
$8.98M
RBI
193
Raiffeisen Bank International
Austria
$8.92M
Envestnet Asset Management
194
Envestnet Asset Management
Illinois
$8.82M
Cetera Investment Advisers
195
Cetera Investment Advisers
Illinois
$8.8M
MCM
196
Maytus Capital Management
New York
$8.38M
OBAM
197
ODDO BHF Asset Management
France
$8.29M
IMCOOI
198
Investment Management Corp of Ontario (IMCO)
Canada
$8.27M
Marshall Wace
199
Marshall Wace
United Kingdom
$8.16M
Nomura Holdings
200
Nomura Holdings
Japan
$8.1M