13FPulse
ZS

ZS ZSCALER INC

2026Q2 · CUSIP 98980G102 · Cybersecurity · Sector: Technology

Normal

Fund flows are within the usual range

Funds that own it
723
Institutions that reported holding it to the SEC
Net decrease in holders
23
Last quarter 746 → now 723
How unusual is that
Bottom 20%
Stronger than only 6% of US stocks
What the filings say, in one paragraph

723 funds held ZS at the end of 2026Q2, down 23 from the quarter before. Fund flows are within the usual range — nothing unusual. On the business itself, revenue over the last 12 months was $3.2B(YoY +24.6%), return on equity is -3.3%. ZS has had 18 buying rushes in its history, and the price moved +7.7% on average over the six months after (that is the raw price move, not how much it beat the market by). It sits in the Technology sector, tagged Cybersecurity.

How many funds owned it, quarter by quarter

Bars = net change in institutional holders, positive (green) or negative (red). Line = total institutional holders.

2018Q2: holders=103 2018Q3: holders=146 2018Q4: holders=146 2019Q1: holders=200 2019Q2: holders=269 2019Q3: holders=244 2019Q4: holders=250 2020Q1: holders=273 2020Q2: holders=362 2020Q3: holders=404 2020Q4: holders=511 2021Q1: holders=531 2021Q2: holders=541 2021Q3: holders=598 2021Q4: holders=651 2022Q1: holders=624 2022Q2: holders=586 2022Q3: holders=599 2022Q4: holders=554 2023Q1: holders=565 2023Q2: holders=586 2023Q3: holders=613 2023Q4: holders=733 2024Q1: holders=730 2024Q2: holders=725 2024Q3: holders=692 2024Q4: holders=759 2025Q1: holders=760 2025Q2: holders=902 2025Q3: holders=905 2025Q4: holders=883 2026Q1: holders=746 2026Q2: holders=723 -142 -71 +0 +71 +142 92522951 18Q219Q220Q221Q222Q223Q224Q225Q226Q2 Net change in holders (bars) Total funds holding (line)

What happened after each past buying rush 18 times in its history

Quarter of the rush How unusual then Price, next 3 months Price, next 6 months
2025Q2 Top 1% in the market +9.9% +8.1%
2024Q4 Top 10% -5.5% +18.2%
2023Q4 Top 5% -26.3% -29.2%
2023Q3 Top 5% +12.9% +33.8%
2023Q2 Top 20% +11.0% +33.5%
2023Q1 Top 20% +23.4% +14.2%
2022Q3 Top 20% -21.5% -5.7%
2021Q4 Top 10% -12.3% -54.4%

These are the raw price moves, not how much it beat the market by. Compare them against the market over the same months — in a strong bull market almost everything is up.

Show all the numbers (large funds, value held, options…) ▾
Of them, large funds
262
Change in large funds
+10
Total value they hold
$11.6B
Funds buying for the first time
135
Funds that sold out entirely
158
Price change that quarter
+5.5%
Funds holding puts (bearish)
39
Funds holding calls (bullish)
51

These are for people who want to dig. Skip them if they do not mean anything to you — the three numbers above are enough.

8,697 institutions have filed for this quarter. 13F permits late filing and a small number arrive in the weeks after the deadline, so the holder counts and changes below may tick up.

Fundamentals

PE (TTM)
EPS (TTM)
$-0.48
EPS YoY
Revenue (TTM)
$3.2B
Revenue YoY
+24.6%
Net margin
-2.4%
ROE
-3.3%
Debt ratio
66.7%
FCF (TTM)
$963M
Dividend (TTM)
No dividend
Quarterly Revenue & EPS
2022-07-31: EPS -0.69 2022-10-31: EPS -0.48 2023-01-31: EPS -0.40 2023-04-30: EPS -0.32 2023-07-31: EPS -0.20 2023-10-31: EPS -0.23 2024-01-31: EPS -0.19 2024-04-30: EPS 0.12 2024-07-31: EPS -0.09 2024-10-31: EPS -0.08 2025-01-31: EPS -0.05 2025-04-30: EPS -0.03 2025-07-31: EPS -0.11 2025-10-31: EPS -0.07 2026-01-31: EPS -0.21 2026-04-30: EPS -0.09 0M 425M 850M $M -0.76 -0.31 0.13 201720182019202020212022202320242025202604/26 Revenue EPS

Quarterly figures, revenue up to 10 years back; EPS split-adjusted, early quarters hidden when not calibrable

Quarterly free cash flow
-8M211M431M 2017201820192020202120222023202420252026
Latest quarter $156M (2026-04-30)

FCF = operating cash flow − capex, computed from SEC XBRL; banks/insurers have no standard cash-flow structure and are hidden

As of 2026-04-30 · SEC filings (XBRL)

Email me the next update

2026 Q3 holdings are due 2026-11-16. We will email you when the refreshed lists are live.