Zscaler, Inc. (ZS) — Institutional Holders, Q2 2026

752 institutional investment managers reported a ZS position on SEC Form 13F-HR for the quarter ended June 30, 2026, with a combined reported value of $11.8B. Every filer is listed below, ranked by position value, 100 per page; this page shows ranks 1 to 100. Put and call option positions are excluded, and a firm filing several lots or share classes is shown once with its total.

← ZS stock profile

ZS in Q2 2026: what funds did

Funds that filed a 13F for both Q1 2026 and Q2 2026, by what they did with the common stock. Share counts are adjusted for any split between the two quarters; dollar figures are the change in shares at this quarter’s price.

New positions

129

Added to

284

Trimmed

247

Sold out

134

Biggest buyers

Jericho Capital Asset Management L.P.New · +1,362,862 sh+$192.4M
BlackRockAdded · +1,322,067 sh+$186.6M
MILLENNIUM MANAGEMENTAdded · +794,787 sh+$112.2M
Connor, Clark & Lunn Investment Management Ltd.Added · +582,640 sh+$82.2M
CITADEL ADVISORSAdded · +497,738 sh+$70.3M

Biggest sellers

FMRTrimmed · -1,839,487 sh-$259.6M
T. Rowe Price Investment ManagementSold out · -1,689,119 sh-$238.4M
TIGER GLOBAL MANAGEMENTSold out · -1,579,766 sh-$223.0M
AMERICAN CENTURY COMPANIESTrimmed · -1,517,931 sh-$214.3M
TWO SIGMA INVESTMENTSTrimmed · -1,173,155 sh-$165.6M

ZS 13F holders ranked 1–100 of 752

Institutional investors reporting a position in Zscaler, Inc. on SEC Form 13F-HR for Q2 2026, ranked by reported value.
#	Institution	Shares	Value	% of portfolio	QoQShares vs Q1 2026
1	BlackRock#1 · 9,890,384 sh	9,890,384	$1.4B	0.02%	+15.4%
2	VANGUARD PORTFOLIO MANAGEMENT#2 · 6,196,726 sh	6,196,726	$874.7M	0.04%	+4.5%
3	VANGUARD CAPITAL MANAGEMENT#3 · 4,721,393 sh	4,721,393	$666.4M	0.01%	+1.3%
4	FIRST ADVISORS#4 · 3,529,213 sh	3,529,213	$498.1M	0.29%	+0.3%
5	GOLDMAN SACHS GROUP#5 · 3,161,548 sh	3,161,548	$446.3M	0.04%	+8.1%
6	STATE STREET#6 · 2,493,672 sh	2,493,672	$352.0M	0.01%	+4.6%
7	Pictet Asset Management Holding SA#7 · 2,104,621 sh	2,104,621	$296.9M	0.28%	+9.6%
8	GEODE CAPITAL MANAGEMENT#8 · 2,090,724 sh	2,090,724	$294.3M	0.02%	+0.2%
9	UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AME#9 · 1,731,190 sh	1,731,190	$244.4M	0.04%	-11.9%
10	VICTORY CAPITAL MANAGEMENT#10 · 1,675,008 sh	1,675,008	$236.4M	0.13%	+7.7%
11	AQR CAPITAL MANAGEMENT#11 · 1,363,319 sh	1,363,319	$192.4M	0.07%	+34.2%
12	Jericho Capital Asset Management L.P.#12 · 1,362,862 sh	1,362,862	$192.4M	1.59%	New
13	Amundi#13 · 1,137,837 sh	1,137,837	$160.6M	0.04%	+12.8%
14	MORGAN STANLEY#14 · 1,136,698 sh	1,136,698	$160.4M	<0.01%	-11.3%
15	MILLENNIUM MANAGEMENT#15 · 1,129,691 sh	1,129,691	$159.5M	0.06%	+237.3%
16	WELLINGTON MANAGEMENT GROUP LLP#16 · 1,103,212 sh	1,103,212	$155.7M	0.03%	+23.5%
17	CITADEL ADVISORS#17 · 1,008,595 sh	1,008,595	$142.4M	0.02%	+97.4%
18	BARCLAYS PLC#18 · 951,598 sh	951,598	$134.3M	0.03%	+42.2%
19	VOLORIDGE INVESTMENT MANAGEMENT#19 · 882,348 sh	882,348	$124.5M	0.53%	+106.3%
20	AMERICAN CENTURY COMPANIES#20 · 866,494 sh	866,494	$122.3M	0.05%	-63.7%
21	UBS Group AG#21 · 844,464 sh	844,464	$119.2M	0.02%	-40.2%
22	BNP PARIBAS FINANCIAL MARKETS#22 · 788,393 sh	788,393	$111.3M	0.04%	+81.7%
23	TENOR CAPITAL MANAGEMENT , L.P.#23 · 119,000,000 sh	119,000,000	$110.0M	1.55%	New
24	Squarepoint Ops#24 · 770,236 sh	770,236	$108.7M	0.12%	+13.8%
25	CITIGROUP#25 · 759,988 sh	759,988	$107.3M	0.04%	+42.8%
26	Penserra Capital Management#26 · 739,440 sh	739,440	$104.4M	0.80%	+33.0%
27	Connor, Clark & Lunn Investment Management Ltd.#27 · 724,557 sh	724,557	$102.3M	0.19%	+410.5%
28	NORTHERN#28 · 708,467 sh	708,467	$100.0M	0.01%	+2.9%
29	VANGUARD FIDUCIARY#29 · 666,566 sh	666,566	$94.1M	0.02%	+2.7%
30	JACOBS LEVY EQUITY MANAGEMENT#30 · 660,245 sh	660,245	$93.2M	0.34%	+122.6%
31	PRICE T ROWE ASSOCIATES#31 · 643,928 sh	643,928	$90.9M	<0.01%	-63.2%
32	MIRAE ASSET GLOBAL ETFS Ltd.#32 · 636,789 sh	636,789	$89.8M	0.11%	+25.4%
33	Legal & General Group Plc#33 · 635,774 sh	635,774	$89.7M	0.02%	+1.5%
34	CHARLES SCHWAB INVESTMENT MANAGEMENT#34 · 582,760 sh	582,760	$82.3M	0.01%	+13.8%
35	SUSQUEHANNA INTERNATIONAL GROUP, LLP#35 · 552,057 sh	552,057	$77.9M	<0.01%	+129.7%
36	HRT FINANCIAL#36 · 580,596 sh	580,596	$67.7M	0.17%	+418.9%
37	SG Americas Securities#37 · 470,731 sh	470,731	$66.4M	0.04%	+462.2%
38	Bank of New York Mellon#38 · 470,467 sh	470,467	$66.4M	0.01%	-4.9%
39	Pacer Advisors#39 · 467,662 sh	467,662	$66.0M	0.17%	+410.6%
40	BANK OF AMERICA#40 · 444,111 sh	444,111	$62.7M	<0.01%	-43.0%
41	NORGES BANK#41 · 411,216 sh	411,216	$58.0M	<0.01%	—
42	ACADIAN ASSET MANAGEMENT#42 · 400,397 sh	400,397	$56.5M	0.07%	+232.7%
43	Liontrust Investment Partners LLP#43 · 398,491 sh	398,491	$56.2M	0.83%	+53.9%
44	JPMORGAN CHASE#44 · 396,914 sh	396,914	$54.6M	<0.01%	+19.9%
45	DEUTSCHE BANK AG\#45 · 382,183 sh	382,183	$53.9M	0.02%	-9.4%
46	VOYA INVESTMENT MANAGEMENT#46 · 368,160 sh	368,160	$52.0M	0.04%	+4.0%
47	FMR#47 · 350,831 sh	350,831	$49.5M	<0.01%	-84.0%
48	LBP AM SA#48 · 348,151 sh	348,151	$49.1M	0.49%	+258.2%
49	AMERIPRISE FINANCIAL#49 · 340,507 sh	340,507	$48.1M	<0.01%	-13.3%
50	Creative Planning#50 · 324,922 sh	324,922	$45.9M	0.03%	+102.4%
51	Jump Financial#51 · 324,276 sh	324,276	$45.8M	0.37%	+56.1%
52	Swiss National Bank#52 · 294,800 sh	294,800	$41.6M	0.02%	-3.1%
53	PANAGORA ASSET MANAGEMENT#53 · 280,952 sh	280,952	$39.7M	0.12%	+42.3%
54	Nuveen#54 · 276,691 sh	276,691	$39.1M	<0.01%	-22.8%
55	Candriam S.C.A.#55 · 258,585 sh	258,585	$36.5M	0.16%	+2.0%
56	D. E. Shaw#56 · 257,003 sh	257,003	$36.3M	0.02%	+277.0%
57	BANK OF NOVA SCOTIA#57 · 253,500 sh	253,500	$35.8M	0.05%	+1172.9%
58	BANK OF MONTREAL#58 · 241,607 sh	241,607	$34.1M	0.01%	-3.7%
59	Optimus Prime Fund Management , Ltd.#59 · 240,100 sh	240,100	$33.9M	2.51%	+130.9%
60	SEB Asset Management AB#60 · 228,737 sh	228,737	$32.3M	0.12%	-46.5%
61	DIMENSIONAL FUND ADVISORS#61 · 226,736 sh	226,736	$32.0M	<0.01%	-7.0%
62	FRONTIER CAPITAL MANAGEMENT#62 · 222,274 sh	222,274	$31.4M	0.29%	+545.2%
63	CAISSE DE DEPOT ET PLACEMENT DU QUEBEC#63 · 220,620 sh	220,620	$31.1M	0.04%	New
64	DekaBank Deutsche Girozentrale#64 · 221,212 sh	221,212	$30.9M	0.05%	0.0%
65	Sumitomo Mitsui#65 · 210,885 sh	210,885	$29.8M	0.02%	-12.1%
66	NICHOLAS COMPANY#66 · 209,676 sh	209,676	$29.6M	0.54%	-8.0%
67	Man Group plc#67 · 208,854 sh	208,854	$29.5M	0.05%	+17.8%
68	GREAT WEST LIFE ASSURANCE#68 · 207,701 sh	207,701	$29.3M	0.05%	-6.5%
69	Vident Advisory#69 · 204,384 sh	204,384	$28.8M	0.21%	-1.6%
70	VANGUARD ASSET MANAGEMENT, Ltd#70 · 202,898 sh	202,898	$28.6M	0.02%	+19.4%
71	Neuberger Berman Group#71 · 196,403 sh	196,403	$27.7M	0.02%	-9.3%
72	Assenagon Asset Management S.A.#72 · 193,297 sh	193,297	$27.3M	—	+6.6%
73	GuoLine Advisory Pte Ltd#73 · 191,060 sh	191,060	$27.0M	—	0.0%
74	Robeco Institutional Asset Management B.V.#74 · 189,990 sh	189,990	$26.8M	—	+9.1%
75	BALYASNY ASSET MANAGEMENT L.P.#75 · 183,965 sh	183,965	$26.0M	0.03%	New
76	Eurizon Capital SGR S.p.A.#76 · 183,735 sh	183,735	$25.9M	0.07%	-32.9%
77	CANADA PENSION PLAN INVESTMENT BOARD#77 · 183,225 sh	183,225	$25.9M	0.01%	-53.8%
78	J. Safra Sarasin Holding AG#78 · 177,477 sh	177,477	$25.0M	—	+35.2%
79	ShawSpring Partners#79 · 167,305 sh	167,305	$23.6M	10.18%	-16.5%
80	Russell Investments Group, Ltd.#80 · 165,511 sh	165,511	$23.3M	0.02%	+64.7%
81	STIFEL FINANCIAL#81 · 163,773 sh	163,773	$23.1M	0.02%	-1.1%
82	Optiver Holding B.V.#82 · 162,281 sh	162,281	$22.9M	<0.01%	+2416.8%
83	Zurcher Kantonalbank (Zurich Cantonalbank)#83 · 161,883 sh	161,883	$22.8M	0.04%	+0.1%
84	Erste Asset Management GmbH#84 · 164,734 sh	164,734	$22.7M	0.18%	+236.6%
85	Champlain Investment Partners#85 · 155,869 sh	155,869	$22.0M	0.57%	-64.5%
86	Vontobel Holding Ltd.#86 · 154,970 sh	154,970	$21.9M	—	+28.3%
87	Ensign Peak Advisors#87 · 151,674 sh	151,674	$21.4M	0.04%	-45.0%
88	LPL Financial#88 · 151,272 sh	151,272	$21.4M	<0.01%	+27.6%
89	CIBC Bancorp USA#89 · 147,983 sh	147,983	$20.9M	0.03%	+5.9%
90	Stephens Investment Management Group#90 · 147,062 sh	147,062	$20.8M	0.22%	New
91	WELLS FARGO & COMPANY#91 · 146,233 sh	146,233	$20.6M	<0.01%	-28.1%
92	Wedbush Fund Advisers#92 · 146,077 sh	146,077	$20.6M	1.83%	+36.8%
93	Meridiem Capital Partners#93 · 144,497 sh	144,497	$20.4M	0.91%	New
94	Intesa Sanpaolo S.p.A.#94 · 142,515 sh	142,515	$20.0M	0.68%	+49.4%
95	BAMCO#95 · 140,953 sh	140,953	$19.9M	0.03%	-18.5%
96	BNP Paribas Asset Management Holding S.A.#96 · 140,346 sh	140,346	$19.8M	0.02%	-15.9%
97	Invesco Ltd.#97 · 139,416 sh	139,416	$19.7M	<0.01%	-85.0%
98	CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM#98 · 132,486 sh	132,486	$18.7M	0.01%	-21.1%
99	RHUMBLINE ADVISERS#99 · 128,495 sh	128,495	$18.1M	0.01%	-21.2%
100	Cresset Asset Management#100 · 127,409 sh	127,409	$18.0M	0.07%	+0.1%

Funds that sold out of ZS in Q2 2026 (134)

Held ZS at the end of Q1 2026 and filed a Q2 2026 13F without it. Not in the list above, because they no longer hold it. Largest prior position first.

Institutions that held ZS in Q1 2026 and reported no position in Q2 2026.
Institution	Shares sold	Value in Q1 2026
T. Rowe Price Investment Management1,689,119 sh	1,689,119	$237.0M
TIGER GLOBAL MANAGEMENT1,579,766 sh	1,579,766	$221.6M
WESTFIELD CAPITAL MANAGEMENT427,919 sh	427,919	$60.0M
Artisan Partners Limited Partnership385,216 sh	385,216	$54.0M
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP290,704 sh	290,704	$40.8M
WORLDQUANT MILLENNIUM ADVISORS226,781 sh	226,781	$31.8M
FEDERATED HERMES130,435 sh	130,435	$18.3M
Trexquant Investment108,232 sh	108,232	$15.2M
NEOS Investment Management83,991 sh	83,991	$11.8M
Rafferty Asset Management75,173 sh	75,173	$10.5M
Focus Partners Wealth64,842 sh	64,842	$9.1M
PEAK659,358 sh	59,358	$8.3M
RPG Investment Advisory51,396 sh	51,396	$7.2M
Andra AP-fonden48,564 sh	48,564	$6.8M
Capital Impact Advisors44,102 sh	44,102	$6.2M
PUBLIC SECTOR PENSION INVESTMENT BOARD40,000 sh	40,000	$5.6M
Rakuten Investment Management27,641 sh	27,641	$5.0M
GF FUND MANAGEMENT LTD.32,680 sh	32,680	$4.6M
Qsemble Capital Management29,549 sh	29,549	$4.1M
Secure Asset Management27,106 sh	27,106	$3.8M
Campbell & Investment Adviser24,730 sh	24,730	$3.5M
KORNITZER CAPITAL MANAGEMENT22,700 sh	22,700	$3.2M
Mediolanum International Funds Ltd22,222 sh	22,222	$3.1M
OAK RIDGE INVESTMENTS21,089 sh	21,089	$3.0M
ALLSTATE20,293 sh	20,293	$2.8M
OCCUDO QUANTITATIVE STRATEGIES20,976 sh	20,976	$2.7M
iA Global Asset Management19,302 sh	19,302	$2.7M
SHELTON CAPITAL MANAGEMENT18,113 sh	18,113	$2.5M
ASR Vermogensbeheer N.V.13,193 sh	13,193	$1.9M
Independent Solutions Wealth Management11,933 sh	11,933	$1.7M
Sterling Investment Advisors, Ltd.11,900 sh	11,900	$1.7M
AG2R LA MONDIALE GESTION D'ACTIFS11,442 sh	11,442	$1.6M
ESSEX INVESTMENT MANAGEMENT11,412 sh	11,412	$1.6M
NATIXIS11,289 sh	11,289	$1.6M
Louisiana State Employees Retirement System10,600 sh	10,600	$1.5M
PROFUND ADVISORS10,320 sh	10,320	$1.4M
PRUDENTIAL PLC10,149 sh	10,149	$1.4M
Strategic Advisors7,745 sh	7,745	$1.1M
COMPASS CAPITAL /MA7,090 sh	7,090	$1.1M
Odyssean7,067 sh	7,067	$991.4K
AXQ CAPITAL6,957 sh	6,957	$976.0K
Baldwin Investment Management6,887 sh	6,887	$966.2K
China Universal Asset Management , Ltd.6,723 sh	6,723	$943.2K
Norinchukin Bank, The5,977 sh	5,977	$838.5K
Ameritas Investment Partners5,810 sh	5,810	$815.1K
PKO Investment Management Joint-Stock5,500 sh	5,500	$771.6K
PARAGON CAPITAL MANAGEMENT5,278 sh	5,278	$740.5K
Sentinel Dome Partners5,200 sh	5,200	$729.5K
E Fund Management , Ltd.5,132 sh	5,132	$720.0K
Firsthand Capital Management5,000 sh	5,000	$701.5K
Kepler Cheuvreux (Suisse) SA4,456 sh	4,456	$625.1K
Bricktown Capital4,400 sh	4,400	$617.3K
Legacy Capital Group California4,309 sh	4,309	$604.5K
Hillsdale Investment Management4,200 sh	4,200	$589.2K
O'SHAUGHNESSY ASSET MANAGEMENT3,965 sh	3,965	$556.3K
Sienna Gestion4,000 sh	4,000	$553.1K
Legal Advantage Investments3,875 sh	3,875	$543.6K
Sunstone Asset Management, L.P.3,760 sh	3,760	$527.5K
Shepherd Financial Partners3,668 sh	3,668	$514.6K
FLAGSHIP HARBOR ADVISORS3,387 sh	3,387	$475.2K
DC Investments Management3,338 sh	3,338	$468.3K
nVerses Capital2,878 sh	2,878	$403.8K
Havemeyer Place2,809 sh	2,809	$394.1K
Grey Ledge Advisors2,785 sh	2,785	$390.7K
ICICI Prudential Asset Management Ltd2,664 sh	2,664	$373.7K
EMERALD ADVISERS2,603 sh	2,603	$365.2K
TWINBEECH CAPITAL2,600 sh	2,600	$364.8K
SHELTON WEALTH MANAGEMENT2,595 sh	2,595	$364.1K
Valeo Financial Advisors2,594 sh	2,594	$363.9K
Sciencast Management2,583 sh	2,583	$362.4K
MIZUHO MARKETS AMERICAS2,504 sh	2,504	$351.3K
Focus Financial Network2,496 sh	2,496	$350.2K
Cane Capital Partners2,213 sh	2,213	$310.5K
111 Capital1,994 sh	1,994	$279.7K
ClearAlpha Technologies1,931 sh	1,931	$270.9K
AlphaGrep UK Ltd1,863 sh	1,863	$261.4K
NewEdge Wealth1,731 sh	1,731	$242.9K
Laird Norton Wetherby Company1,727 sh	1,727	$242.3K
Wealthcare Advisory Partners1,650 sh	1,650	$231.5K
Frank, Rimerman Advisors1,638 sh	1,638	$229.8K
EVOLVE PRIVATE WEALTH1,570 sh	1,570	$220.3K
TEACHER RETIREMENT SYSTEM OF TEXAS1,542 sh	1,542	$216.3K
Caerus Investment Advisors1,444 sh	1,444	$202.6K
Independent Advisor Alliance1,428 sh	1,428	$200.4K
Saturna Capital1,428 sh	1,428	$200.3K
SPIRIT OF AMERICA MANAGEMENT1,400 sh	1,400	$196.4K
Ares Systematic Credit Ltd1,385 sh	1,385	$190.1K
Forum Finance Group S.A.1,200 sh	1,200	$136.0K
Kohmann Bosshard Financial Services962 sh	962	$135.0K
Mount Lucas Management888 sh	888	$124.6K
Caitong International Asset Management , Ltd755 sh	755	$105.9K
E Fund Management (Hong Kong) , Ltd.558 sh	558	$78.3K
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT515 sh	515	$72.3K
Sound Income Strategies443 sh	443	$60.5K
RESOURCES MANAGEMENT /CT300 sh	300	$42.0K
Western Wealth Management235 sh	235	$33.0K
Caldwell200 sh	200	$28.1K
Timothy G. Youngquist 2020 Irrevocable176 sh	176	$24.7K
AlphaCentric Advisors140 sh	140	$19.6K
Missouri & Investment110 sh	110	$15.4K

And 34 smaller positions.

Source: Form 13F-HR filings on SEC EDGAR, Q2 2026. Values are as reported by each manager at quarter end. “% of portfolio” is the position’s share of the manager’s total reported 13F value for the same quarter. “New” means the manager filed a 13F for Q1 2026 without this position; a dash means no comparison is available. Where a manager’s own filing is internally inconsistent its value is withheld and it is listed last. 13F data shows reported holdings, not recommendations.