L3VLUP
Quarter end
30 Jun 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 12 Aug 2025
Managers listing it
26
at least, of 95 tracked, among listed positions
Comparable managers
95
filed both Q1 2025 and Q2 2025; 14 listed it in both
Shares listed
17,004,195
combined, among listed positions
Reported value
$5.3bn
combined, at the quarter end

Among the 95 comparable managers: 19 buyers (opened or added shares) and 7 sellers (trimmed or exited), at least, among listed positions. Their net change in shares is not known from listed positions, because at least one of them lists it in only one of the two quarters.

Managers listing ZS in Q2 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q1 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

26 of 26 holders

ActionFiling
Fidelity (FMR LLC)3,501,217$1.1bn0.06%Addedn.a.14 Aug 2025 (the filing on sec.gov)
D. E. Shaw & Co.1,882,448$591m0.42%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Tiger Global Management LLC1,683,266$528m1.55%Added+4,26614 Aug 2025 (the filing on sec.gov)
Invesco Ltd1,234,018$387m0.07%Addedn.a.13 Aug 2025 (the filing on sec.gov)
Citadel Advisors LLC1,199,694$377m0.07%Addedn.a.14 Aug 2025 (the filing on sec.gov)
AQR Capital Management LLC1,199,815$372m0.31%Added+7,88514 Aug 2025 (the filing on sec.gov)
Two Sigma Advisers LP1,151,300$361m0.74%Added+432,80014 Aug 2025 (the filing on sec.gov)
Two Sigma Investments LP812,308$255m0.45%Added+579,99114 Aug 2025 (the filing on sec.gov)
T. Rowe Price Associates Inc717,331$225munder 0.1%Trimmed-23,40114 Aug 2025 (the filing on sec.gov)
Susquehanna International Group LLP558,415$175munder 0.1%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Artisan Partners LP522,395$164m0.24%Trimmed-221,51212 Aug 2025 (the filing on sec.gov)
Wellington Management Group LLP408,977$128munder 0.1%Trimmed-833,85214 Aug 2025 (the filing on sec.gov)
Squarepoint Ops LLC390,740$123m0.13%Added+193,59227 Aug 2025 (the filing on sec.gov)
Arrowstreet Capital LP367,075$115m0.08%Added+39,34113 Aug 2025 (the filing on sec.gov)
Renaissance Technologies LLC278,900$88m0.12%Addedn.a.13 Aug 2025 (the filing on sec.gov)
Neuberger Berman Group LLC251,206$79m0.06%Addedn.a.27 Oct 2026 (the filing on sec.gov)
Woodline Partners LP160,019$50m0.27%Trimmed-194,48414 Aug 2025 (the filing on sec.gov)
Marshall Wace LLP159,299$50m0.06%Trimmed-1,291,36913 Aug 2025 (the filing on sec.gov)
Rokos Capital Management LLP143,617$45m0.20%Trimmed-142,35714 Aug 2025 (the filing on sec.gov)
Man Group PLC128,501$40m0.08%Added+15,64614 Aug 2025 (the filing on sec.gov)
Voloridge Investment Management LLC111,836$35m0.13%Newnew14 Aug 2025 (the filing on sec.gov)
Verition Fund Management LLC77,024$24m0.11%Addedn.a.14 Aug 2025 (the filing on sec.gov)
PDT Partners LLC28,996$9.1m0.51%Trimmed-2,70114 Aug 2025 (the filing on sec.gov)
Schonfeld Strategic Advisors LLC27,220$8.5m0.06%Addedn.a.14 Aug 2025 (the filing on sec.gov)
Caxton Associates LLP5,086$1.6munder 0.1%Newnew15 Aug 2025 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q1 2025 to Q2 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Exited (0)

No exit shown by a manager’s own filing.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
17 in Q3 2024 to 11 in Q2 2026

Tracked managers listing it, at least.

0102030201820192020202120222023202420252026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
ZS by quarter
QuarterHoldersReported valueBuyersSellers
Q1 20184$22mn.a.n.a.
Q2 20181$6.3mn.a.n.a.
Q3 20182$18mn.a.n.a.
Q1 20198$716mn.a.n.a.
Q2 20198$693mn.a.n.a.
Q3 20198$244mn.a.n.a.
Q4 20195$241mn.a.n.a.
Q1 202011$511mn.a.n.a.
Q2 202021$1.1bnn.a.n.a.
Q3 202014$1.3bnn.a.n.a.
Q4 202017$1.7bnn.a.n.a.
Q1 202115$1.4bnn.a.n.a.
Q2 202117$2.0bnn.a.n.a.
Q3 202119$3.2bnn.a.n.a.
Q4 202114$3.6bnn.a.n.a.
Q1 202219$2.9bnn.a.n.a.
Q2 202216$1.8bnn.a.n.a.
Q3 202222$2.0bnn.a.n.a.
Q4 202212$1.3bnn.a.n.a.
Q1 202311$1.4bnn.a.n.a.
Q2 202318$1.9bnn.a.n.a.
Q3 202322$1.7bnn.a.n.a.
Q4 202317$2.2bn912
Q1 202419$2.0bn155
Q2 202419$1.4bn129
Q3 202417$1.1bn810
Q4 202417$1.4bn811
Q1 202514$1.8bn105
Q2 202526$5.3bn197
Q3 202523$4.6bn139
Q4 202522$4.3bn1817
Q1 202617$1.9bn1419
Q2 202611$860m1915

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

ZS and GOOGL →ZS and AMZN →ZS and MSFT →Choose a stock to compare with ZS →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own ZS, latest filings →Back to the 13F Explorer →