| 5.926% |
| 0.05% |
| 4 | VANGUARD PORTFOLIO MANAGEMENT LLC | 13.3M | $420.1M | -4.9% | 5.546% | 0.02% |
| 5 | BlackRock, Inc. | 8.2M | $257.2M | -18.5% | 3.395% | 0.00% |
| 6 | VANGUARD CAPITAL MANAGEMENT LLC | 7.5M | $236.5M | +0.0% | 3.123% | 0.01% |
| 7 | SUSQUEHANNA INTERNATIONAL GROUP, LLP | 3.8M | $121.1M | +26.7% | 1.599% | 0.01% |
| 8 | Qube Research & Technologies Ltd | 3.8M | $120.6M | +1155.0% | 1.592% | 0.11% |
| 9 | JANE STREET GROUP, LLC | 3.8M | $120.0M | +40.9% | 1.585% | 0.01% |
| 10 | STATE OF WISCONSIN INVESTMENT BOARD | 3.5M | $111.8M | +71.5% | 1.476% | 0.23% |
| 11 | Ninety One UK Ltd | 3.5M | $109.5M | -11.0% | 1.445% | 0.24% |
| 12 | GEODE CAPITAL MANAGEMENT, LLC | 3.4M | $106.7M | -1.6% | 1.408% | 0.01% |
| 13 | UBS Group AG | 3.1M | $98.3M | -4.0% | 1.298% | 0.01% |
| 14 | Technology Crossover Management IX, Ltd. | 3.0M | $96.1M | 0.0% | 1.268% | 13.92% |
| 15 | STATE STREET CORP | 3.0M | $93.2M | -23.7% | 1.231% | 0.00% |
| 16 | Technology Crossover Management VIII, Ltd. | 2.7M | $86.2M | 0.0% | 1.138% | 24.92% |
| 17 | D. E. Shaw & Co., Inc. | 2.7M | $84.8M | +304.1% | 1.119% | 0.04% |
| 18 | Technology Crossover Management XI, Ltd. | 2.3M | $73.7M | 0.0% | 0.973% | 13.83% |
| 19 | FMR LLC | 2.3M | $71.8M | -11.8% | 0.948% | 0.00% |
| 20 | DIMENSIONAL FUND ADVISORS LP | 2.2M | $70.1M | +17.3% | 0.925% | 0.01% |
| 21 | ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | 2.2M | $68.3M | — | 0.902% | 0.03% |
| 22 | Ancient Art, L.P. | 2.2M | $68.1M | — | 0.899% | 13.91% |
| 23 | MORGAN STANLEY | 2.0M | $64.1M | -21.0% | 0.846% | 0.00% |
| 24 | CHARLES SCHWAB INVESTMENT MANAGEMENT INC | 1.8M | $57.4M | +2.6% | 0.757% | 0.01% |
| 25 | JPMORGAN CHASE & CO | 1.7M | $53.3M | +8.9% | 0.703% | 0.00% |
denotes a marquee investor (Buffett, Burry, ARK, Tiger Global, Pershing Square, Baupost and other widely-followed managers). “% of Fund” shows how much of that investor’s total 13F portfolio is invested in Z — a direct measure of their conviction.
| 67.94% |
| +0.63 pp |
| $11.94B |
| 8.3% |
| Q4 2024 | 475 | +10.0% | 67.31% | 1.65 pp | $13.02B | +20% |
| Q3 2024 | 432 | — | 68.96% | — | $10.87B | — |
Source: SEC 13F institutional filings. Ownership % requires market cap data and will show once linked. Δ columns compare to the immediately prior filed quarter.
57 institutions opened new positions in Z during Q2 2026, while 129 fully exited. 78 added to existing positions and 272 trimmed.
Z institutional ownership fell by 1.73 percentage points quarter-over-quarter, with a net change of -70 holders.
The top 10 institutions account for 56.1% of all reported 13F value in Z, and the top 25 account for 77.8%.
All data is sourced from SEC Form 13F filings, which institutional investment managers with at least $100M in assets are required to file each quarter. We process every 13F filing from EDGAR and recompute the aggregates after each cycle. Insider transactions are sourced from Form 4 filings.