Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Zscaler Inc (ZS)

734 + Investors. Track Smart Money conviction in ZS. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↑ +2
Streak
1Q ▲
Buyers last Q
52%

Smart Money Signals — ZS

Based on 760 hedge funds · latest filing: 2026 Q2 · updated quarterly

📈

Buying streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, more hedge funds added ZS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.
📊

High ownership — 83% of 3.0Y peak

83% of all-time peak
760 funds currently hold this stock — 83% of the 3.0-year high of 911 funds (reached 2025 Q2). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 17% fewer funds vs a year ago

fund count last 6Q
151 fewer hedge funds hold ZS compared to a year ago (-17% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 52% buying

445 buying412 selling
Last quarter: 445 funds bought or added vs 412 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
📈

More new buyers each quarter (+43 vs last Q)

new funds entering per quarter
Funds opening a new ZS position: 128 → 152 → 101 → 144. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

59% of holders stayed for 2+ years

■ 59% conviction (2yr+) ■ 21% medium ■ 21% new
446 out of 760 hedge funds have held ZS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +22%, value +5%

Value
+5%
Shares
+22%
Last quarter: funds added +22% more shares while total portfolio value only changed +5%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~144 new funds/quarter

224 → 128 → 152 → 101 → 144 new funds/Q
New funds entering each quarter: 128 → 152 → 101 → 144. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 22% newcomers

■ 66% veterans ■ 13% 1-2yr ■ 22% new
Entry-cohort mix of 835 holders: 547 (66%) are 2+ year veterans, 105 entered 1–2 years ago, and 183 (22%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
🏆

Elite ownership — 57% AUM from top-100 funds

57% from top-100 AUM funds
66 of 742 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in ZS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.
2.7
out of 10
Low Exit Risk
Exit risk score 2.7/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — ZS

In 2026 Q2, 445 hedge funds were net buyers of ZS (144 opened a new position, 301 added to an existing one), while 412 reduced or exited (270 trimmed, 142 sold completely) — a 52% buyer ratio, indicating a slight buying edge. 57% of total institutional value in ZS is held by top-100 AUM funds, reflecting elite-tier ownership quality. Net fund flow last quarter: +2 funds (more new holders than closures). Total institutional holders: 760.

Hedge Fund Ownership: ZS

How many hedge funds hold ZS — quarterly history vs. share price
Quarterly hedge fund ownership of ZS vs. share price

Market Analysis: ZS

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZS

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Loading signal freshness…
Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

32 top-rated funds 1 high-conviction
Consensus
6.6
/ 10
breadth
×
Elite
2.2
/ 10
conviction
Hedge Fund Positioning: ZS
734 + Investors

Track Smart Money conviction in ZS. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 734 758 -3.17%
13F Shares 98M 97M 1.88%
Total Value $13.39B $12.86B 4.14%
New Positions 141 101 +40
Increased Positions 287 297 -10
Closed Positions 147 229 -82
Reduced Positions 243 261 -18
Total Calls 51 42 21.43%
Total Puts 41 29 41.38%
PUT/CALL Ratio 0.8 0.69 Neutral

Statistics: ZS

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Institutional Holders (2026 Q2)

734 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in ZS. Verified SEC 13F-HR filings.

QUARTER:
Top 25 ZS holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 ShawSpring Partners LLC 10.18% 167,305 $23.6M
2 Jia Investment Alliance PTE. LTD. 2.51% 191,060 $27.0M
3 Optimus Prime Fund Management Co., Ltd. 2.51% 240,100 $33.9M
4 Sellaronda Global Management LP 2.21% 25,000 $3.5M
5 Wedbush Fund Advisers, LLC 1.93% 83,152 $18.7M
6 Marathon Capital Management 1.89% 66,172 $9.3M
7 Emissary Wealth LLC 1.80% 16,770 $2.4M
8 Exane Asset Management 1.69% 28,963 $4.7M
9 Jericho Capital Asset Management L.P. 1.59% 1,362,862 $192.4M
10 Nano Cap New Millennium Growth Fund L P 1.33% 12,250 $1.7M
11 Cannon Advisors, Inc. 1.20% 13,002 $2.0M
12 Quantessence Capital LLC 1.17% 2,818 $398K
13 Crosslink Capital Inc 1.13% 108,584 $15.3M
14 Red Spruce Capital, LLC 0.95% 19,355 $2.7M
15 Meridiem Capital Partners LP 0.91% 144,497 $20.4M
16 FirstWave Capital Management LLC 0.83% 13,351 $1.9M
17 Liontrust Investment Partners LLP 0.83% 398,491 $56.2M
18 Princeton Capital Management LLC 0.82% 25,876 $3.7M
19 Rare Wolf Capital LLC 0.81% 8,919 $1.3M
20 Woodstock Corp 0.80% 68,685 $9.7M
21 Oribel Capital Management, LP 0.72% 167,400 $23.6M
22 Kazazian Asset Management, LLC 0.70% 5,500 $776K
23 Intesa Sanpaolo S.p.A. 0.68% 142,515 $20.0M
24 Champlain Investment Partners, LLC 0.57% 155,869 $22.0M
25 Synergy Financial Group, LTD 0.56% 5,544 $783K
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

Frequently Asked Questions — Zscaler Inc (ZS)

What does the Smart Money Trend signal show for ZS?

Buying streak — 1 quarter in a row: For 1 consecutive quarter, more hedge funds added ZS than sold it. That's a consistent pattern of professional buying — not a one-time trade. When institutions keep buying quarter after quarter, it usually means they see a multi-year opportunity, not just a short-term momentum flip.

What is the institutional breadth score for ZS?

Slight buying edge — 52% buying: Last quarter: 445 funds bought or added vs 412 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ZS holders?

Elite ownership — 57% AUM from top-100 funds: 66 of 742 holders are among the 100 largest funds by AUM, controlling 57% of total institutional value in ZS. When the biggest players dominate the cap table, it signifies deep institutional support — since mega-funds deploy the most rigorous due diligence and capital.

How long have hedge funds held ZS?

59% of holders stayed for 2+ years: 446 out of 760 hedge funds have held ZS for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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