ZSCALER INC (ZS) is held by institutional investors who disclose positions via SEC 13F filings. View the full list of institutional holders on HoldingsIntel.

Are institutions buying or selling ZS?

HoldingsIntel tracks quarter-over-quarter changes in institutional positions for ZSCALER INC, showing new buyers, position increases, decreases, and exits with conviction-weighted sentiment.

What is the Smart Money Verdict on ZS?

The Smart Money Verdict combines four independent signals (institutional 13F activity, insider trades, activist filings, and congressional trades) into a single assessment for ZSCALER INC.

Is institutional money flowing into ZS?

277 institutional investors hold ZSCALER INC (ZS). View detailed buyer/seller breakdown on HoldingsIntel.

What do hedge funds think about ZS?

Track institutional sentiment and conviction scores for ZSCALER INC (ZS) including Smart Money Verdict and position changes on HoldingsIntel.

ZSCALER INC

ZS·98980G102·US·equity·Technology - Software - Infrastructure-13D/G

ZS (ZSCALER INC) is held by 277 institutional investors as of Q4 2025. Largest holders: Pictet Asset Management Holding SA ($269.3M), Legal & General Group Plc ($87.9M), DEUTSCHE BANK AG\ ($59.2M). Net institutional sentiment: Mixed.

277

Holders

Avg rating(8 Elite)

$16.8B

Total Value

54% (296)

Fund Consensus

157 buying - 134 selling

Smart Money Verdict

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35Weak MomentumSplit Signals

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See how ZS's score breaks down across 4 SEC sources

Held by 277 funds

8 elite

Who's Trading

Activist

The Vanguard Group

13F: Dec 31, 2025Insider & Congress: Updated regularly

InsiderGAGeller AdamSell $233KMar 17, 2026

InsiderRKRUBIN KEVINSell $263KMar 17, 2026

Activist

The Vanguard Group7.2%Oct 31, 2025

Congress

Rob BresnahanSale $1,001 - $15,000Jan 13, 2025

Congress

Rohit KhannaBuySep 17, 2024

Congress

Rohit KhannaBuyJun 21, 2024

Congress

Rohit KhannaBuyJun 20, 2024

Fund	Action	Shares	Value	Weight	Est. P&L	Conviction
Pictet Asset Management Holding SA	Increased	1.9M(+52.5%)	$269.3M	0.3%	—	52
Legal & General Group Plc	Decreased	626,295(-3.0%)	$87.9M	0.0%	—	0
$DEUTSCHE BANK AG\$ DEUTSCHE BANK AG\	Decreased	421,834(-11.5%)	$59.2M	0.0%	—	0
NUNuveen, LLC	Decreased	358,207(-35.0%)	$50.3M	0.0%	—	0
Swiss National Bank	Increased	304,200(+7.9%)	$42.7M	0.0%	—	31
Eurizon Capital SGR S.p.A.	New	274,004	$38.4M	0.1%	—	48
Candriam S.C.A.	Increased	253,588(+38.6%)	$35.6M	0.2%	—	46
DIMENSIONAL FUND ADVISORS LP	Increased	243,763(+1.6%)	$34.2M	0.0%	—	29
Sumitomo Mitsui Trust Group, Inc.	Decreased	240,018(-4.4%)	$33.7M	0.0%	—	0
ProShare Advisors LLC	Decreased	204,817(-17.9%)	$28.7M	0.0%	—	0
Assenagon Asset Management S.A.	Increased	181,356(+90.8%)	$25.4M	0.0%	—	45
Robeco Institutional Asset Management B.V.	Decreased	174,064(-30.1%)	$24.4M	0.0%	—	0
CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM	Decreased	167,823(-5.4%)	$23.5M	0.0%	—	0
Vontobel Holding Ltd.	Increased	120,806(+41.5%)	$16.9M	0.1%	—	38
HSBC HOLDINGS PLC	Increased	107,666(+60.3%)	$15.1M	0.0%	—	40
Fisher Asset Management, LLC	Decreased	101,657(-1.3%)	$14.3M	0.0%	—	0
AOAsset Management One Co., Ltd.	Increased	100,793(+18.5%)	$14.1M	0.0%	—	33
Russell Investments Group, Ltd.	Decreased	100,482(-7.1%)	$14.1M	0.0%	—	0
STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM	Increased	88,245(+0.3%)	$12.4M	0.0%	—	28
Mirae Asset Global Investments Co., Ltd.	Decreased	70,167(-12.2%)	$9.8M	0.0%	—	0
Aberdeen Group plc	Increased	67,226(+3.7%)	$9.4M	0.0%	—	29
COMMONWEALTH EQUITY SERVICES, LLC	Increased	61,406(+9.7%)	$8.6M	0.0%	—	30
Sequoia Financial Advisors, LLC	Increased	61,315(+1.4%)	$8.6M	0.0%	—	28
HighTower Advisors, LLC	Increased	56,358(+25.0%)	$7.9M	0.0%	—	34
NEW YORK STATE COMMON RETIREMENT FUND	Decreased	53,674(-0.5%)	$7.5M	0.0%	—	0
IMC-Chicago, LLC	New	53,596	$7.5M	0.0%	—	38
FJARDE AP-FONDEN /FOURTH SWEDISH NATIONAL PENSION FUND	Increased	51,960(+104.1%)	$7.3M	0.0%	—	44
ENVESTNET ASSET MANAGEMENT INC	Increased	50,565(+65.0%)	$7.1M	0.0%	—	40
MML INVESTORS SERVICES, LLC	Increased	41,078(+196.0%)	$5.8M	0.0%	—	44
KLP KAPITALFORVALTNING AS	Unchanged	37,740	$5.3M	0.0%	—	0
Swedbank AB	Increased	35,365(+70.8%)	$5M	0.0%	—	40
State of New Jersey Common Pension Fund D	Unchanged	34,796	$4.9M	0.0%	—	0
Lansforsakringar Fondforvaltning AB (publ)	Decreased	34,056(-0.1%)	$4.8M	0.0%	—	0
Arizona State Retirement System	Decreased	28,166(-0.7%)	$4M	0.0%	—	0
EXCHANGE TRADED CONCEPTS, LLC	New	23,753	$3.3M	0.0%	—	37
MIMediolanum International Funds Ltd	Decreased	22,222(-54.8%)	$3.1M	0.0%	—	0
WEALTH ENHANCEMENT ADVISORY SERVICES, LLC	Decreased	21,563(-36.7%)	$3M	0.0%	—	0
Sanctuary Advisors, LLC	Increased	20,895(+10.3%)	$2.9M	0.0%	—	29
USS Investment Management Ltd	Increased	19,127(+5.5%)	$2.7M	0.0%	—	28
NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO	Decreased	15,579(-92.6%)	$2.2M	0.0%	—	0
Police & Firemen's Retirement System of New Jersey	Unchanged	15,143	$2.1M	0.0%	—	0
ALPS ADVISORS INC	Increased	14,947(+18.6%)	$2.1M	0.0%	—	31
STRS OHIO	Decreased	13,389(-34.4%)	$1.9M	0.0%	—	0
LOS ANGELES CAPITAL MANAGEMENT LLC	Increased	11,357(+490.3%)	$1.6M	0.0%	—	41
SMSumitomo Mitsui DS Asset Management Company, Ltd	Unchanged	10,383	$1.5M	0.0%	—	0
TRUIST FINANCIAL CORP	Increased	9,088(+17.9%)	$1.3M	0.0%	—	30
PNC FINANCIAL SERVICES GROUP, INC.	Increased	7,960(+7.4%)	$1.1M	0.0%	—	27
Wealthfront Advisers LLC	Decreased	7,166(-33.2%)	$1M	0.0%	—	0
PRINCIPAL FINANCIAL GROUP INC	Increased	6,757(+96.8%)	$947,939	0.0%	—	40
B. Metzler seel. Sohn & Co. AG	Decreased	6,730(-69.5%)	$944,152	0.0%	—	0
Bank Julius Baer & Co. Ltd, Zurich	Decreased	5,894(-50.5%)	$826,832	0.0%	—	0
FIFTH THIRD BANCORP	Increased	5,584(+399.5%)	$783,374	0.0%	—	40
MFMerit Financial Group, LLC	Decreased	3,168(-65.2%)	$444,468	0.0%	—	0
HB Wealth Management, LLC	Decreased	2,739(-13.0%)	$384,254	0.0%	—	0
WAWOLVERINE ASSET MANAGEMENT LLC	New	2,669	$374,434	0.0%	—	33
Jefferies Financial Group Inc.	New	2,500	$350,725	0.0%	—	33
BANQUE PICTET & CIE SA	Unchanged	1,693	$237,511	0.0%	—	0
BLAIR WILLIAM & CO/IL	Increased	1,653(+61.4%)	$231,899	0.0%	—	33
NISA INVESTMENT ADVISORS, LLC	Decreased	1,597(-11.6%)	$224,043	0.0%	—	0
TRTEACHER RETIREMENT SYSTEM OF TEXAS	Decreased	1,542(-54.7%)	$216,327	0.0%	—	0
ASSETMARK, INC	Decreased	882(-11.6%)	$123,736	0.0%	—	0
MATHER GROUP, LLC.	New	414	$58,080	0.0%	—	29
First Command Advisory Services, Inc.	New	10	$1,403	0.0%	—	17
AXXCESS WEALTH MANAGEMENT, LLC	Exited	0(-100.0%)	$224,920	0.0%	—	0
NEW YORK LIFE INVESTMENT MANAGEMENT LLC	Exited	0(-100.0%)	$224,470	0.0%	—	0
Savant Capital, LLC	Exited	0(-100.0%)	$220,647	0.0%	—	0
FORSTA AP-FONDEN	Exited	0(-100.0%)	$10M	0.0%	—	0
Alberta Investment Management Corp	Exited	0(-100.0%)	$7.4M	0.0%	—	0
INTECH INVESTMENT MANAGEMENT LLC	Exited	0(-100.0%)	$442,193	0.0%	—	0
D.A. DAVIDSON & CO.	Exited	0(-100.0%)	$726,941	0.0%	—	0
QRQRG CAPITAL MANAGEMENT, INC.	Exited	0(-100.0%)	$350,650	0.0%	—	0
JENNISON ASSOCIATES LLC	Exited	0(-100.0%)	$19.1M	0.0%	—	0
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