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 ($24.9m this quarter). Holder counts are more reliable. Shares outstanding: 51.4m as of 2023-02-09, 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 ≈ $256.45. Options: 17 managers hold calls ($47.8m notional), 15 hold puts ($81.0m).
Trends to Q4 2022
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 708 |
| Q4 2022 | 685 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2022 | $122.1m | $140.0m | 1.15 |
| Q4 2022 | $47.8m | $81.0m | 1.70 |
Biggest buyers
| MACQUARIE GROUP LTD | Added | +434.8k |
| Black Creek Investment Management Inc. | Added | +416.6k |
| AMERIPRISE FINANCIAL INC | Added | +407.0k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +331.4k |
| Alyeska Investment Group, L.P. | New | +247.2k |
| MILLENNIUM MANAGEMENT LLC | Added | +157.4k |
| MORGAN STANLEY | Added | +142.2k |
| Man Group plc | Added | +140.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Added | +116.3k |
| FRANKLIN RESOURCES INC | Added | +108.4k |
Biggest sellers
| ALLIANCEBERNSTEIN L.P. | Reduced | -787.7k |
| JANUS HENDERSON GROUP PLC | Reduced | -336.8k |
| CONGRESS ASSET MANAGEMENT CO | Reduced | -310.5k |
| BlackRock Inc. | Reduced | -287.8k |
| Nuveen Asset Management, LLC | Reduced | -244.2k |
| FMR LLC | Reduced | -150.0k |
| Point72 Asset Management, L.P. | Sold out | -114.8k |
| SCHRODER INVESTMENT MANAGEMENT GROUP | Reduced | -100.8k |
| KBC Group NV | Reduced | -86.7k |
| FRED ALGER MANAGEMENT, LLC | Sold out | -83.8k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $14.4m56.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $13.6m52.9k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $3.8m15.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $2.6m10.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.2m8.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $2.2m8.4k shares |
| Cubist Systematic Strategies, LLC | Reduced | $2.1m8.3k shares |
| Capula Management Ltd | Reduced | $1.4m5.3k shares |
| Walleye Trading LLC | Reduced | $1.3m5.1k shares |
| TWO SIGMA SECURITIES, LLC | Added | $1.1m4.2k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $25.3m98.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $16.5m64.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.1m59.0k shares |
| SIMPLEX TRADING, LLC | Added | $8.3m32.5k shares |
| JANE STREET GROUP, LLC | Reduced | $3.1m11.9k shares |
| Cubist Systematic Strategies, LLC | Reduced | $2.8m10.9k shares |
| Quarry LP | First filing | $1.9m7.5k shares |
| PEAK6 Investments LLC | Reduced | $1.7m6.7k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.6m6.3k shares |
| Walleye Trading LLC | Reduced | $1.6m6.2k 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 in Q4 2022
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 |
|---|---|---|---|---|---|
| Q1 2021 | 0 | — | 0 | — | — |
| Q2 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 0 | — | 6 | $13.9m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 1 | $765.7k | — |
| Q4 2022 | 0 | — | 0 | — | — |
None reported in Q4 2022.
Holders, Q4 2022
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.04% of their portfolio | 5.9m $1.5bn | Added +61.8k |
| BlackRock Inc. 0.03% of their portfolio | 3.5m $905.6m | Reduced -287.8k |
| STATE STREET CORP 0.03% of their portfolio | 2.0m $521.2m | Reduced -66.2k |
| APG Asset Management N.V. 0.82% of their portfolio | 1.7m $430.0m | Added +40.5k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.21% of their portfolio | 1.5m $386.5m | Reduced -13.9k |
| ALLIANCEBERNSTEIN L.P. 0.16% of their portfolio | 1.4m $361.7m | Reduced -787.7k |
| AMERIPRISE FINANCIAL INC 0.11% of their portfolio | 1.2m $310.3m | Added +407.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.04% of their portfolio | 1.1m $279.2m | Added +22.4k |
| PICTET ASSET MANAGEMENT SA 0.38% of their portfolio | 1.0m $260.6m | Added +77.0k |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 902.0k $231.3m | Added +42.2k |
| NEUBERGER BERMAN GROUP LLC 0.21% of their portfolio | 841.5k $215.8m | Added +16.6k |
| NORDEA INVESTMENT MANAGEMENT AB 0.33% of their portfolio | 824.8k $210.0m | Added +80.5k |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 821.2k $210.6m | Added +108.4k |
| MACQUARIE GROUP LTD 0.23% of their portfolio | 765.4k $196.3m | Added +434.8k |
| Black Creek Investment Management Inc. 8.07% of their portfolio | 737.8k $189.2m | Added +416.6k |
| Bank of New York Mellon Corp 0.04% of their portfolio | 700.5k $179.6m | Reduced -44.3k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 547.7k $140.4m | Reduced -16.5k |
| Invesco Ltd. 0.04% of their portfolio | 533.1k $136.7m | Added +91.6k |
| NORTHERN TRUST CORP 0.03% of their portfolio | 525.9k $134.8m | Reduced -12.6k |
| MORGAN STANLEY 0.02% of their portfolio | 520.0k $133.3m | Added +142.2k |
| ARIEL INVESTMENTS, LLC 1.29% of their portfolio | 495.6k $127.1m | Added +18.5k |
| NEW SOUTH CAPITAL MANAGEMENT INC 5.72% of their portfolio | 484.3k $124.2m | Reduced -21.5k |
| NORGES BANK 0.03% of their portfolio | 424.8k $108.9m | Reduced -39.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 416.3k $106.7m | Added +8.0k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 396.6k $101.7m | Reduced -43.2k |
| Legal & General Group Plc 0.04% of their portfolio | 387.2k $99.3m | Reduced -32.8k |
| AMERICAN CENTURY COMPANIES INC 0.08% of their portfolio | 368.2k $94.4m | Added +887 |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 336.7k $86.3m | Added +331.4k |
| Fenimore Asset Management Inc 2.11% of their portfolio | 306.3k $78.5m | Added +68.8k |
| CREDIT SUISSE AG/ 0.08% of their portfolio | 292.0k $74.9m | Added +60.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 284.7k $73.0m | Added +9.7k |
| LAZARD ASSET MANAGEMENT LLC 0.10% of their portfolio | 273.8k $70.2m | Reduced -12.6k |
| Alyeska Investment Group, L.P. 0.66% of their portfolio | 247.2k $63.4m | New |
| Man Group plc 0.23% of their portfolio | 245.0k $62.8m | Added +140.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.03% of their portfolio | 244.3k $62.6m | Reduced -16.6k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 243.9k $62.5m | Reduced -21.9k |
| SEGALL BRYANT & HAMILL, LLC 0.68% of their portfolio | 238.1k $61.0m | Reduced -5.2k |
| Allspring Global Investments Holdings, LLC 0.10% of their portfolio | 235.7k $60.4m | Reduced -890 |
| Swiss National Bank 0.04% of their portfolio | 210.5k $54.0m | Reduced -17.2k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 207.2k $53.1m | Added +17.0k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 206.5k $52.9m | Added +24.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 202.2k $51.8m | Reduced -9.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.13% of their portfolio | 200.4k $51.4m | Added +10.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.29% of their portfolio | 200.2k $51.3m | Added +7.3k |
| Capital International Investors 0.01% of their portfolio | 195.8k $50.2m | Unchanged |
| GW&K Investment Management, LLC 0.50% of their portfolio | 190.8k $48.9m | Reduced -5.1k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.12% of their portfolio | 190.4k $48.8m | Added +116.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 189.4k $48.6m | Reduced -9.4k |
| JANUS HENDERSON GROUP PLC 0.03% of their portfolio | 185.3k $47.5m | Reduced -336.8k |
| TWO SIGMA INVESTMENTS, LP 0.15% of their portfolio | 182.4k $46.8m | Added +76.2k |
| SUMMITRY LLC 3.38% of their portfolio | 179.5k $46.0m | Added +32.2k |
| MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio | 175.2k $44.9m | Added +157.4k |
| GOODNOW INVESTMENT GROUP, LLC 6.93% of their portfolio | 168.6k $43.2m | Added +10.0k |
| Robeco Institutional Asset Management B.V. 0.12% of their portfolio | 163.1k $41.8m | Reduced -44.2k |
| Makaira Partners LLC 5.99% of their portfolio | 160.8k $41.2m | Added +3.8k |
| Nuveen Asset Management, LLC 0.02% of their portfolio | 155.3k $39.8m | Reduced -244.2k |
| Connectus Wealth, LLC 0.93% of their portfolio | 152.8k $39.2m | Reduced -2.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 143.7k $36.9m | Reduced -6.7k |
| Allianz Asset Management GmbH 0.08% of their portfolio | 141.8k $36.4m | Added +3.4k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 141.0k $36.1m | Added +2.6k |
| J.P. Morgan Private Wealth Advisors LLC 0.08% of their portfolio | 138.5k $35.5m | Reduced -60.2k |
| Brandywine Global Investment Management, LLC 0.28% of their portfolio | 138.4k $35.5m | Added +15.0k |
| DekaBank Deutsche Girozentrale 0.09% of their portfolio | 128.7k $32.9m | Added +30.4k |
| Vontobel Holding Ltd. 0.31% of their portfolio | 123.5k $30.5m | Added +30.6k |
| ALTA CAPITAL MANAGEMENT LLC/ 2.36% of their portfolio | 120.2k $30.8m | Reduced -2.6k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 118.6k $30.4m | Reduced -19.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.04% of their portfolio | 115.4k $29.6m | Added +26.9k |
| California Public Employees Retirement System 0.02% of their portfolio | 113.6k $29.1m | Reduced -523 |
| BLAIR WILLIAM & CO/IL 0.12% of their portfolio | 107.1k $27.4m | Reduced -8.8k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 105.5k $27.1m | Added +38.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 104.8k $26.9m | Reduced -14.1k |
| AXA S.A. 0.09% of their portfolio | 101.0k $25.9m | New |
| HSBC HOLDINGS PLC 0.03% of their portfolio | 100.5k $25.7m | Added +30.5k |
| Rathbones Group PLC 0.29% of their portfolio | 100.5k $25.8m | Added +27.8k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 94.9k $24.3m | Added +3.5k |
| National Pension Service 0.05% of their portfolio | 93.7k $24.0m | Added +7.9k |
| Amundi 0.02% of their portfolio | 93.7k $28.1m | Reduced -42.1k |
| UBS Group AG 0.01% of their portfolio | 91.3k $23.4m | Added +5.1k |
| Varma Mutual Pension Insurance Co 0.31% of their portfolio | 87.0k $22.3m | Unchanged |
| 2Xideas AG 2.35% of their portfolio | 86.8k $22.2m | Added +642 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 86.0k $22.1m | Added +512 |
| Balyasny Asset Management L.P. 0.08% of their portfolio | 83.0k $21.3m | New |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.34% of their portfolio | 81.4k $20.9m | Added +12.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 81.4k $20.9m | Added +6.6k |
| BOSTON FAMILY OFFICE LLC 1.69% of their portfolio | 79.2k $20.3m | Added +1.9k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio | 76.7k $19.7m | Added +38.0k |
| MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC 1.42% of their portfolio | 76.6k $19.6m | Added +820 |
| EXCHANGE TRADED CONCEPTS, LLC 0.54% of their portfolio | 73.1k $18.8m | New |
| TWO SIGMA ADVISERS, LP 0.05% of their portfolio | 72.2k $18.5m | Added +17.8k |
| PROFESSIONAL ADVISORY SERVICES INC 2.92% of their portfolio | 69.9k $17.9m | Added +9.2k |
| BARCLAYS PLC 0.02% of their portfolio | 69.2k $17.7m | First filing |
| STIFEL FINANCIAL CORP 0.03% of their portfolio | 69.2k $17.7m | Added +97 |
| Candriam S.C.A. 0.12% of their portfolio | 68.8k $17.6m | Added +12.0k |
| PALISADE CAPITAL MANAGEMENT, LP 0.47% of their portfolio | 68.2k $17.5m | Added +6.6k |
| SCOUT INVESTMENTS, INC. 0.35% of their portfolio | 66.3k $17.0m | Reduced -66.1k |
| BANQUE PICTET & CIE SA 0.17% of their portfolio | 62.6k $16.0m | Added +1.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio | 61.3k $15.7m | Reduced -1.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 61.3k $15.7m | Reduced -5.1k |
| KBC Group NV 0.07% of their portfolio | 59.0k $15.1m | Reduced -86.7k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 57.8k $14.8m | Reduced -2.3k |