Cliff Asness's ZS Position Overview
Cliff Asness (via Aqr Capital Management LLC) currently holds 1.94 M shares of Zscaler, Inc. (ZS) worth $576.08 M, representing 0.37% of the portfolio. First purchased in 2019-Q1, this long-term strategic position has been held for 27 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 Q3 2020, reducing 260,716 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
| Period | Bought/Sold (Sh.) | % Change | Qtr. End Shares | Reported Price |
|---|---|---|---|---|
| Q1 2019 | +59,944 | New Buy | 59,944 | $70.93 |
| Q2 2019 | +36,325 | Add 60.60% | 96,269 | $76.64 |
| Q3 2019 | -25,214 | Reduce 26.19% | 71,055 | $47.03 |
| Q4 2019 | -49,580 | Reduce 69.78% | 21,475 | $46.43 |
| Q1 2020 | +200,460 | Add 933.46% | 221,935 | $60.20 |
| Q2 2020 | +113,728 | Add 51.24% | 335,663 | $107.39 |
| Q3 2020 | -260,716 | Reduce 77.67% | 74,947 | $140.69 |
| Q4 2020 | -23,899 | Reduce 31.89% | 51,048 | $199.71 |
| Q1 2021 | -14,293 | Reduce 28.00% | 36,755 | $169.36 |
| Q2 2021 | +12,523 | Add 34.07% | 49,278 | $216.06 |
| Q3 2021 | -18,777 | Reduce 38.10% | 30,501 | $260.02 |
| Q4 2021 | -4,383 | Reduce 14.37% | 26,118 | $321.31 |
| Q1 2022 | -710 | Reduce 2.72% | 25,408 | $240.51 |
| Q2 2022 | -16,452 | Reduce 64.75% | 8,956 | $147.05 |
| Q3 2022 | +1,115 | Add 12.45% | 10,071 | $164.33 |
| Q4 2022 | +2,818 | Add 27.98% | 12,889 | $111.02 |
| Q1 2023 | +35,367 | Add 274.40% | 48,256 | $114.28 |
| Q2 2023 | -37,012 | Reduce 76.70% | 11,244 | $146.30 |
| Q3 2023 | +30,650 | Add 272.59% | 41,894 | $155.59 |
| Q4 2023 | +166,130 | Add 396.55% | 208,024 | $221.56 |
| Q1 2024 | +39,777 | Add 19.12% | 247,801 | $192.63 |
| Q2 2024 | -34,766 | Reduce 14.03% | 213,035 | $192.19 |
| Q3 2024 | +225,040 | Add 105.64% | 438,075 | $170.94 |
| Q4 2024 | +525,956 | Add 120.06% | 964,031 | $180.41 |
| Q1 2025 | +227,899 | Add 23.64% | 1.19 M | $196.92 |
| Q2 2025 | +7,885 | Add 0.66% | 1.2 M | $309.90 |
| Q3 2025 | +741,756 | Add 61.82% | 1.94 M | $296.71 |
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 27 quarters since Q1 2019. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's largest addition to Zscaler, Inc. (ZS) was in Q3 2025, adding 1,941,571 shares worth $576.08 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
According to the latest 13F filing for Q3 2025, Cliff Asness's firm, Aqr Capital Management LLC, owns 1,941,571 shares of Zscaler, Inc. (ZS), valued at approximately $576.08 M. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
As of the Q3 2025 filing, Zscaler, Inc. (ZS) represents approximately 0.37% of Cliff Asness's publicly disclosed stock portfolio, making it one of their key holdings. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.
Cliff Asness's peak holding in Zscaler, Inc. (ZS) was 1,941,571 shares, as reported at the end of Q3 2025. Note: Analysis reflects filings available since Q2 2013; earlier records may be incomplete.