Which funds own ZS
Zscaler Inc in the Q2 2026 filings. At least 2 of the 91 current managers on file reported a position, worth $233m between them. It is among the largest positions of fewer than a fifth of the current managers on file. Buying and selling roughly cancelled this quarter, which is what a name looks like when the argument is still live.
- Managers holding
- 2
- at least, of 91 current
- Combined value
- $233m
- as reported
- Opened
- 0
- new this quarter
- Added to
- 2
- already held
- Trimmed or sold out
- 3
- 3 sold out entirely
Only each manager’s largest 200 positions are listed here, so a smaller holder may be missing.
Managers reporting a position
Largest first. Weight is the share of that manager’s whole reported book, which is the number worth quoting: $400m is a rounding error in one book and a defining bet in another.
| Manager | Value | Weight | Shares | Change on the quarter | Action |
|---|---|---|---|---|---|
| Voloridge Investment Management LLC Quantitative · $23.5bn book | $125m | 0.5% | 882,348 | +$65m+454,562 | Added |
| Squarepoint Ops LLC Multi-strategy · $90.5bn book | $109m | 0.1% | 770,236 | +$14m+93,584 | Added |
Sold out of this quarter
Valued at what the position was worth in the previous filing, because by this one it is gone.
- Tiger Global Management LLC · Long/short equity$222m held before
- Artisan Partners LP · Long-only$54m held before
- Arrowstreet Capital LP · Quantitative$41m held before
Ownership through time
At least 11 of the 95 managers whose filings are on file listed ZS in Q2 2026, against 4 in Q1 2018. 6 managers fewer than in Q1 2026: 2 started positions; 1 listed it again; 2 sold out, by their own filings; 7 no longer listed it among the positions read, which can mean a holding below the listed range or a filing not yet made.
Each manager’s largest 500 positions a quarter are read, so a small holding in a very large book can be missing, and a manager is counted as leaving only where its own filing shows it.
- Q1 2018: 4
- Q2 2018: 1
- Q3 2018: 2
- Q1 2019: 8
- Q2 2019: 8
- Q3 2019: 8
- Q4 2019: 5
- Q1 2020: 11
- Q2 2020: 21
- Q3 2020: 14
- Q4 2020: 17
- Q1 2021: 15
- Q2 2021: 17
- Q3 2021: 19
- Q4 2021: 14
- Q1 2022: 19
- Q2 2022: 16
- Q3 2022: 22
- Q4 2022: 12
- Q1 2023: 11
- Q2 2023: 18
- Q3 2023: 22
- Q4 2023: 17
- Q1 2024: 19
- Q2 2024: 19
- Q3 2024: 17
- Q4 2024: 17
- Q1 2025: 14
- Q2 2025: 26
- Q3 2025: 23
- Q4 2025: 22
- Q1 2026: 17
- Q2 2026: 11
- Q1 2018: $22m
- Q2 2018: $6.3m
- Q3 2018: $18m
- Q1 2019: $716m
- Q2 2019: $693m
- Q3 2019: $244m
- Q4 2019: $241m
- Q1 2020: $511m
- Q2 2020: $1.1bn
- Q3 2020: $1.3bn
- Q4 2020: $1.7bn
- Q1 2021: $1.4bn
- Q2 2021: $2.0bn
- Q3 2021: $3.2bn
- Q4 2021: $3.6bn
- Q1 2022: $2.9bn
- Q2 2022: $1.8bn
- Q3 2022: $2.0bn
- Q4 2022: $1.3bn
- Q1 2023: $1.4bn
- Q2 2023: $1.9bn
- Q3 2023: $1.7bn
- Q4 2023: $2.2bn
- Q1 2024: $2.0bn
- Q2 2024: $1.4bn
- Q3 2024: $1.1bn
- Q4 2024: $1.4bn
- Q1 2025: $1.8bn
- Q2 2025: $5.3bn
- Q3 2025: $4.6bn
- Q4 2025: $4.3bn
- Q1 2026: $1.9bn
- Q2 2026: $860m
Between the quarter ends of Q1 2026 and Q2 2026. Each change in shares is valued at the Q2 2026 price, so the price’s own move is left out; a 13F shows the two quarter ends, not when in between anything was bought or sold.
Started in Q2 2026
Largest increases, by shares
- Voloridge Investment Management LLC427,786 to 882,348 shares+$64m
- AQR Capital Management LLC1,015,979 to 1,363,319 shares+$49m
- Acadian Asset Management LLC120,354 to 400,397 shares+$40m
- Wellington Management Group LLP893,501 to 1,103,212 shares+$30m
- Schonfeld Strategic Advisors LLCnew: 114,715 shares+$16m
Largest decreases, by shares
- Holocene Advisors LP40,567 to 26,135 shares-$2.0m
Left it
- Tiger Global Management LLCwas $222m
- Artisan Partners LPwas $54m
| Manager | Value over time | First listed | Largest | Q2 2026 |
|---|---|---|---|---|
| AQR Capital Management LLC | Q2 2020 | $576m | $192m | |
| Millennium Management LLC | Q2 2020 | $159m | $159m | |
| Wellington Management Group LLP | Q1 2025 | $247m | $156m | |
| Voloridge Investment Management LLC | Q1 2019 | $125m | $125m | |
| Squarepoint Ops LLC | Q2 2020 | $143m | $109m | |
| Acadian Asset Management LLC | Q4 2022 | $74m | $56m | |
| Man Group PLC | Q2 2020 | $78m | $29m | |
| Schonfeld Strategic Advisors LLC | Q3 2019 | $16m | $16m | |
| ExodusPoint Capital Management LP | Q2 2020 | $19m | $10m | |
| Holocene Advisors LP | Q2 2021 | $127m | $3.7m | |
| Quantbot Technologies LP | Q1 2020 | $7.9m | $2.5m | |
| Fidelity (FMR LLC) | Q1 2019 | $1.2bn | last listed Q4 2025 | |
| Invesco Ltd | Q3 2021 | $1.1bn | last listed Q1 2026 | |
| Capital Research Global Investors | Q1 2018 | $1.1bn | last listed Q1 2024 | |
| D. E. Shaw & Co. | Q1 2019 | $591m | last listed Q4 2025 | |
| T. Rowe Price Associates Inc | Q2 2023 | $579m | last listed Q1 2026 | |
| Arrowstreet Capital LP | Q2 2018 | $539m | last listed Q4 2025 | |
| Artisan Partners LP | Q1 2019 | $534m | last listed Q1 2026 | |
| Tiger Global Management LLC | Q4 2024 | $528m | last listed Q1 2026 | |
| Two Sigma Advisers LP | Q1 2019 | $389m | last listed Q4 2025 | |
| Citadel Advisors LLC | Q3 2020 | $377m | last listed Q2 2025 |
Reported as options rather than shares
A put or a call on a name is not a position in it, and the filing states the notional rather than what the option cost. These lines are listed apart for that reason and are not counted in anything above.
- Element Capital Management LLC · calls$7.1m notional
What ZS is worth
Knowing who owns it is half the question. The other half is what it is worth against the companies it trades beside, which is the one an interviewer will follow up with.
Build the comp set around ZS →How much of the picture this is
A Form 13F reports US-listed long equity and nothing else: no shorts, no bonds, no cash and no non-US listings. It arrives forty-five days after the quarter ends, so a manager who sold in July still shows the position in a filing published in August. This page reads the managers on file here rather than every filer in the market, and each manager’s largest positions rather than the whole table, so a small position in a very large book may not appear. Say “their last filing showed” rather than “they own”, and the distinction will do you credit.
What to do with a name the funds are buying
Knowing who owns something is the start of a pitch, not the pitch. The next questions are what it is worth and why they were buying.
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The holdings, every quarter, and the week between
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