Cliff Asness's ZS Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.6 M shares of Zscaler, Inc. (ZS) worth $359.66 M, representing 0.19% of the portfolio. First purchased in 2019-Q1, this long-term strategic position has been held for 28 quarters.
Based on 13F filings, Cliff Asness has maintained a strategic position in ZS, demonstrating sustained confidence in this investment. Largest addition occurred in Q3 2025, adding 741,756 shares. Largest reduction occurred in Q4 2025, reducing 342,526 shares.
Analysis based on 13F filings available since 2013 Q2
Cliff Asness's Zscaler (ZS) Holding Value Over Time
Track share changes against reported price movement
Quarterly Zscaler (ZS) Trades by Cliff Asness
| Report Date | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q4 2025 | -342,526 | Reduce 17.64% | 1.6 M | $224.92 |
| Q3 2025 | +741,756 | Add 61.82% | 1.94 M | $296.71 |
| Q2 2025 | +7,885 | Add 0.66% | 1.2 M | $309.90 |
| Q1 2025 | +227,899 | Add 23.64% | 1.19 M | $196.92 |
| Q4 2024 | +525,956 | Add 120.06% | 964,031 | $180.41 |
| Q3 2024 | +225,040 | Add 105.64% | 438,075 | $170.94 |
| Q2 2024 | -34,766 | Reduce 14.03% | 213,035 | $192.19 |
| Q1 2024 | +39,777 | Add 19.12% | 247,801 | $192.63 |
| Q4 2023 | +166,130 | Add 396.55% | 208,024 | $221.56 |
| Q3 2023 | +30,650 | Add 272.59% | 41,894 | $155.59 |
| Q2 2023 | -37,012 | Reduce 76.70% | 11,244 | $146.30 |
| Q1 2023 | +35,367 | Add 274.40% | 48,256 | $114.28 |
| Q4 2022 | +2,818 | Add 27.98% | 12,889 | $111.02 |
| Q3 2022 | +1,115 | Add 12.45% | 10,071 | $164.33 |
| Q2 2022 | -16,452 | Reduce 64.75% | 8,956 | $147.05 |
| Q1 2022 | -710 | Reduce 2.72% | 25,408 | $240.51 |
| Q4 2021 | -4,383 | Reduce 14.37% | 26,118 | $321.31 |
| Q3 2021 | -18,777 | Reduce 38.10% | 30,501 | $260.02 |
| Q2 2021 | +12,523 | Add 34.07% | 49,278 | $216.06 |
| Q1 2021 | -14,293 | Reduce 28.00% | 36,755 | $169.36 |
| Q4 2020 | -23,899 | Reduce 31.89% | 51,048 | $199.71 |
| Q3 2020 | -260,716 | Reduce 77.67% | 74,947 | $140.69 |
| Q2 2020 | +113,728 | Add 51.24% | 335,663 | $107.39 |
| Q1 2020 | +200,460 | Add 933.46% | 221,935 | $60.20 |
| Q4 2019 | -49,580 | Reduce 69.78% | 21,475 | $46.43 |
| Q3 2019 | -25,214 | Reduce 26.19% | 71,055 | $47.03 |
| Q2 2019 | +36,325 | Add 60.60% | 96,269 | $76.64 |
| Q1 2019 | +59,944 | New Buy | 59,944 | $70.93 |
Cliff Asness's Zscaler Investment FAQs
Cliff Asness first purchased Zscaler, Inc. (ZS) in Q1 2019, acquiring 59,944 shares, as reported in their 13F filing for that period. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness has held Zscaler, Inc. (ZS) for 28 quarters since Q1 2019.
Cliff Asness's largest addition to Zscaler, Inc. (ZS) was in Q3 2025, adding 1,941,571 shares worth $576.08 M.
According to the latest 13F filing for Q4 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,599,045 shares of Zscaler, Inc. (ZS), valued at approximately $359.66 M.
As of the Q4 2025 filing, Zscaler, Inc. (ZS) represents approximately 0.19% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings.
Cliff Asness's peak holding in Zscaler, Inc. (ZS) was 1,941,571 shares, as reported at the end of Q3 2025.