ZEBRA TECHNOLOGIES CORPORATI ZBRA
CL A · Common Stock · CUSIP 989207105 · ISIN US9892071054
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($73.4m this quarter). Holder counts are more reliable. Shares outstanding: 47.3m as of 2026-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $262.30. Options: 11 managers hold calls ($75.3m notional), 13 hold puts ($157.7m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 708 |
| Q4 2022 | 685 |
| Q1 2023 | 725 |
| Q2 2023 | 705 |
| Q3 2023 | 652 |
| Q4 2023 | 659 |
| Q1 2024 | 657 |
| Q2 2024 | 697 |
| Q3 2024 | 730 |
| Q4 2024 | 781 |
| Q1 2025 | 741 |
| Q2 2025 | 757 |
| Q3 2025 | 760 |
| Q4 2025 | 709 |
| Q1 2026 | 638 |
| Q2 2026 | 645 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 361 | 294 |
| Q4 2024 | 369 | 293 |
| Q1 2025 | 368 | 371 |
| Q2 2025 | 387 | 348 |
| Q3 2025 | 358 | 345 |
| Q4 2025 | 298 | 409 |
| Q1 2026 | 255 | 402 |
| Q2 2026 | 308 | 348 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $39.3m | $20.4m | 0.52 |
| Q4 2025 | $14.2m | $15.9m | 1.12 |
| Q1 2026 | $36.2m | $22.7m | 0.63 |
| Q2 2026 | $75.3m | $157.7m | 2.10 |
Biggest buyers
| Boston Partners | Added | +1.1m |
| FULLER & THALER ASSET MANAGEMENT, INC. | Added | +963.3k |
| Contour Asset Management LLC | New | +947.7k |
| MILLENNIUM MANAGEMENT LLC | Added | +738.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +566.1k |
| MORGAN STANLEY | Added | +455.8k |
| JANE STREET GROUP, LLC | New | +312.9k |
| FMR LLC | Added | +297.4k |
| Invesco Ltd. | Added | +236.4k |
| GOLDMAN SACHS GROUP INC | Added | +226.1k |
Biggest sellers
| NORDEA INVESTMENT MANAGEMENT AB | Reduced | -934.2k |
| BlackRock, Inc. | Reduced | -891.4k |
| Focus Partners Wealth | Reduced | -559.3k |
| APG Asset Management N.V. | Reduced | -413.9k |
| Pictet Asset Management Holding SA | Reduced | -283.2k |
| STATE STREET CORP | Reduced | -273.0k |
| D. E. Shaw & Co., Inc. | Sold out | -269.1k |
| CANADA PENSION PLAN INVESTMENT BOARD | Reduced | -216.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE | Reduced | -202.8k |
| Shellback Capital, LP | Sold out | -174.4k |
Biggest calls
| BNP PARIBAS FINANCIAL MARKETS | New | $39.5m1.5k shares |
| JANE STREET GROUP, LLC | Added | $12.0m45.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.0m41.7k shares |
| CITADEL ADVISORS LLC | Reduced | $5.7m21.6k shares |
| IMC-Chicago, LLC | Reduced | $2.8m10.7k shares |
| Point72 Asset Management, L.P. | Added | $1.8m7.0k shares |
| Walleye Capital LLC | Added | $1.2m4.5k shares |
| TWO SIGMA INVESTMENTS, LP | New | $605.5k2.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $342.2k1.3k shares |
| Walleye Trading LLC | Reduced | $289.6k1.1k shares |
Biggest puts
| BNP PARIBAS FINANCIAL MARKETS | New | $39.5m1.5k shares |
| SG Capital Management LLC | New | $39.5m150.0k shares |
| CITADEL ADVISORS LLC | Added | $24.4m92.7k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $23.5m89.2k shares |
| Caption Management, LLC | New | $13.2m50.0k shares |
| JANE STREET GROUP, LLC | Added | $6.4m24.5k shares |
| IMC-Chicago, LLC | Added | $5.3m20.0k shares |
| Point72 Asset Management, L.P. | Added | $3.3m12.4k shares |
| SIMPLEX TRADING, LLC | Added | $1.1m4.0k shares |
| TWO SIGMA INVESTMENTS, LP | New | $710.8k2.7k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.4% |
| BlackRock, Inc. 13G · institution filed 2025-04-24 | 7.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.7% |
| Boston Partners 13G · institution new · filed 2026-08-04 | 5.5% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 8 | $2.8m | — |
| Q1 2025 | 1 | $1.0m | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $356.5k | — |
| Q4 2025 | 1 | $233.1k | 0 | — | — |
| Q1 2026 | 1 | $153.7k | 2 | $36.2k | — |
| Q2 2026 | 0 | — | 2 | $875.6k | — |
| Q3 2026 | 0 | — | 2 | $1.5m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-08-10 | Connly Linda Director | Sold | $188.8k500 shares |
| 2026-08-07 | Cho Michael Chief Strategy Officer | Sold | $1.3m3.5k shares |
| 2026-05-26 | Luff Loizides Melissa Chief People Officer | Sold | $127.0k500 shares |
| 2026-05-14 | ROBERTS JANICE M Director | Sold | $748.6k3.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 3.3m $871.8m | Reduced -891.4k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 3.1m $819.9m | Reduced -86.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 2.7m $702.2m | Reduced -135.5k |
| Boston Partners 0.61% of their portfolio | 2.6m $689.1m | Added +1.1m |
| STATE STREET CORP 0.01% of their portfolio | 1.9m $496.2m | Reduced -273.0k |
| Invesco Ltd. 0.04% of their portfolio | 1.8m $464.9m | Added +236.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.4m $355.2m | Added +11.7k |
| Alyeska Investment Group, L.P. 0.85% of their portfolio | 1.2m $328.7m | Reduced -76.3k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.87% of their portfolio | 1.2m $318.3m | Added +963.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.23% of their portfolio | 1.1m $277.4m | Reduced -934.2k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.1m $276.3m | Added +117.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.12% of their portfolio | 1.1m $280.8m | Added +566.1k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.81% of their portfolio | 985.7k $259.5m | Reduced -141.1k |
| Contour Asset Management LLC 5.91% of their portfolio | 947.7k $249.5m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.14% of their portfolio | 927.3k $244.1m | Reduced -29.2k |
| ARIEL INVESTMENTS, LLC 2.42% of their portfolio | 923.0k $243.0m | Added +145.6k |
| MORGAN STANLEY 0.01% of their portfolio | 891.0k $234.6m | Added +455.8k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 870.9k $229.2m | Added +184.5k |
| MILLENNIUM MANAGEMENT LLC 0.15% of their portfolio | 823.5k $216.8m | Added +738.5k |
| FMR LLC 0.01% of their portfolio | 792.8k $208.7m | Added +297.4k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 723.2k $190.4m | Added +226.1k |
| UBS Group AG 0.03% of their portfolio | 710.0k $186.9m | Added +120.1k |
| LAZARD ASSET MANAGEMENT LLC 0.25% of their portfolio | 628.6k $165.5m | Added +4.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 611.4k $160.9m | Reduced -67.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 596.1k $156.9m | Added +53.8k |
| Focus Partners Wealth 0.16% of their portfolio | 574.9k $151.3m | Reduced -559.3k |
| NORGES BANK 0.01% of their portfolio | 527.9k $139.0m | Not comparable |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 468.5k $123.3m | Reduced -78.7k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 416.6k $87.1m | Reduced -34.7k |
| NEW SOUTH CAPITAL MANAGEMENT INC 4.77% of their portfolio | 413.0k $108.7m | Added +51.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 411.2k $108.3m | Reduced -44.7k |
| Thrivent Financial for Lutherans 0.17% of their portfolio | 384.2k $101.1m | Added +86.8k |
| Fenimore Asset Management Inc 1.97% of their portfolio | 361.4k $95.1m | Added +5.9k |
| Swedbank AB 0.08% of their portfolio | 357.1k $94.0m | Reduced -60.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 321.7k $84.7m | Reduced -1.2k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 320.0k $84.2m | Added +28.9k |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 312.9k $82.4m | New |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 306.5k $80.7m | Reduced -73.7k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 267.5k $70.4m | Reduced -9.4k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 266.9k $70.3m | Added +64.7k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 259.0k $68.2m | Reduced -17.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 251.9k $66.3m | Reduced -36.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 244.9k $64.5m | Reduced -24.6k |
| SUMMITRY LLC 2.05% of their portfolio | 237.2k $62.4m | Added +47.1k |
| Pictet Asset Management Holding SA 0.06% of their portfolio | 230.3k $60.6m | Reduced -283.2k |
| Woodline Partners LP 0.18% of their portfolio | 226.1k $59.5m | Added +54.5k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 213.5k $56.2m | Added +7.3k |
| SG Capital Management LLC 5.08% of their portfolio | 213.1k $56.1m | New |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 190.7k $50.2m | Reduced -40.0k |
| Legal & General Group Plc 0.01% of their portfolio | 183.6k $48.3m | Reduced -47.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 173.0k $45.6m | Reduced -8.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 168.0k $44.2m | Added +21.0k |
| Bridgewater Associates, LP 0.16% of their portfolio | 151.3k $39.8m | Added +136.9k |
| Vontobel Holding Ltd. 0.13% of their portfolio | 150.1k $39.5m | Added +2.6k |
| PFA Pension, Forsikringsaktieselskab 0.10% of their portfolio | 149.9k $39.5m | Added +49.7k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 146.0k $37.0m | Added +12.8k |
| J. Goldman & Co LP 1.34% of their portfolio | 144.1k $37.9m | Added +6.2k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio | 141.6k $37.0m | Added +23.4k |
| LONDON CO OF VIRGINIA 0.21% of their portfolio | 137.4k $36.2m | Reduced -747 |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 134.9k $35.5m | Added +99.6k |
| Oslo Pensjonsforsikring AS 3.89% of their portfolio | 128.3k $33.8m | Reduced -771 |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 125.1k $32.9m | Added +37.9k |
| Nuveen, LLC 0.01% of their portfolio | 123.4k $32.5m | Reduced -4.6k |
| BLAIR WILLIAM & CO/IL 0.08% of their portfolio | 114.9k $30.3m | Reduced -9.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.20% of their portfolio | 114.5k $30.1m | Added +15.1k |
| Quantinno Capital Management LP 0.04% of their portfolio | 112.7k $29.7m | Added +61.3k |
| KBC Group NV 0.06% of their portfolio | 107.6k $28.3m | Reduced -10.5k |
| EXCHANGE TRADED CONCEPTS, LLC 0.13% of their portfolio | 102.7k $27.0m | Added +15.4k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 99.7k $26.3m | Reduced -4.9k |
| Swiss National Bank 0.01% of their portfolio | 97.1k $25.6m | Reduced -51.5k |
| BARCLAYS PLC 0.01% of their portfolio | 90.2k $23.7m | Reduced -30.3k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 88.4k $19.2m | Added +6.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 87.9k $23.1m | Reduced -19.4k |
| CITIGROUP INC 0.01% of their portfolio | 85.0k $22.4m | Reduced -22.4k |
| STRS OHIO 0.08% of their portfolio | 84.2k $22.2m | Added +31.9k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 81.6k $21.5m | Added +26.3k |
| Heron Bay Capital Management 1.92% of their portfolio | 80.6k $21.2m | Reduced -9.1k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.08% of their portfolio | 79.9k $21.0m | Added +45.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 79.7k $21.0m | Reduced -16.6k |
| Triodos Investment Management BV 1.25% of their portfolio | 78.0k $20.5m | Added +9.0k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 77.6k $20.4m | Added +52.2k |
| BROWN BROTHERS HARRIMAN & CO 0.09% of their portfolio | 76.8k $20.2m | Reduced -35.6k |
| Amundi 0.00% of their portfolio | 75.5k $19.9m | Reduced -78.9k |
| GOODNOW INVESTMENT GROUP, LLC 2.05% of their portfolio | 75.1k $19.8m | Added +29.8k |
| California Public Employees Retirement System 0.01% of their portfolio | 74.3k $19.6m | Reduced -16.2k |
| ZWJ INVESTMENT COUNSEL INC 0.62% of their portfolio | 72.2k $19.0m | Added +3.4k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 67.3k $17.7m | Reduced -30.4k |
| Lombard Odier Asset Management (Europe) Ltd 0.73% of their portfolio | 64.6k $17.0m | Added +39.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.05% of their portfolio | 64.6k $17.0m | Added +28.8k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 62.1k $16.4m | Reduced -19.7k |
| Capital Investment Services of America, Inc. 1.56% of their portfolio | 60.4k $15.9m | Added +7.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 60.3k $15.9m | Reduced -55.1k |
| Impax Asset Management Group plc 0.10% of their portfolio | 57.5k $15.1m | New |
| MCDANIEL TERRY & CO 1.18% of their portfolio | 57.4k $15.1m | Added +2.3k |
| NORRIS PERNE & FRENCH LLP/MI 0.63% of their portfolio | 56.3k $14.8m | Added +654 |
| ISTHMUS PARTNERS, LLC 1.43% of their portfolio | 56.1k $14.8m | Added +438 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 56.0k $14.7m | Reduced -29.6k |
| SG Americas Securities, LLC 0.01% of their portfolio | 55.8k $14.7m | Added +23.8k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 55.3k $14.6m | Reduced -32.2k |
| Corient Private Wealth LP 0.02% of their portfolio | 53.7k $14.1m | Added +41.0k |