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 ($66.3m this quarter). Holder counts are more reliable. Shares outstanding: 50.8m as of 2025-07-29, 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 ≈ $307.29. Options: 15 managers hold calls ($73.7m notional), 12 hold puts ($153.3m).
Trends to Q2 2025
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 |
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 2023 | 287 | 361 |
| Q4 2023 | 244 | 362 |
| Q1 2024 | 306 | 284 |
| Q2 2024 | 354 | 277 |
| Q3 2024 | 361 | 294 |
| Q4 2024 | 369 | 293 |
| Q1 2025 | 368 | 371 |
| Q2 2025 | 387 | 348 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $75.8m | $56.1m | 0.74 |
| Q4 2024 | $26.1m | $11.8m | 0.45 |
| Q1 2025 | $21.3m | $16.0m | 0.75 |
| Q2 2025 | $73.7m | $153.3m | 2.08 |
Biggest buyers
| Alyeska Investment Group, L.P. | Added | +797.5k |
| ALLIANCEBERNSTEIN L.P. | Added | +724.4k |
| Point72 Asset Management, L.P. | Added | +344.2k |
| Balyasny Asset Management L.P. | Added | +331.3k |
| SG Capital Management LLC | New | +269.1k |
| ROYAL BANK OF CANADA | Added | +245.3k |
| AQR CAPITAL MANAGEMENT LLC | Added | +241.0k |
| Freestone Grove Partners LP | Added | +226.4k |
| Sessa Capital IM, L.P. | New | +207.0k |
| Electron Capital Partners, LLC | New | +196.3k |
Biggest sellers
| PRICE T ROWE ASSOCIATES INC /MD/ | Reduced | -933.1k |
| FMR LLC | Reduced | -584.9k |
| BlackRock, Inc. | Reduced | -362.5k |
| AMERIPRISE FINANCIAL INC | Reduced | -271.0k |
| Squarepoint Ops LLC | Reduced | -262.0k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -224.9k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -218.8k |
| Cubist Systematic Strategies, LLC | Sold out | -213.9k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -198.8k |
| Allianz Asset Management GmbH | Reduced | -186.6k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $18.3m59.3k shares |
| CITADEL ADVISORS LLC | Added | $16.2m52.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $15.0m48.7k shares |
| SCOPUS ASSET MANAGEMENT, L.P. | New | $9.3m30.0k shares |
| IMC-Chicago, LLC | New | $5.0m16.2k shares |
| UBS Group AG | New | $4.0m13.1k shares |
| WOLVERINE TRADING, LLC | Added | $2.4m7.8k shares |
| Cubist Systematic Strategies, LLC | Added | $2.0m6.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $770.9k2.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $431.0k1.4k shares |
Biggest puts
| SG Capital Management LLC | New | $61.7m200.0k shares |
| UBS Group AG | New | $54.9m178.2k shares |
| IMC-Chicago, LLC | New | $17.1m55.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $7.7m24.9k shares |
| CITADEL ADVISORS LLC | Added | $7.0m22.8k shares |
| Cubist Systematic Strategies, LLC | Added | $1.7m5.4k shares |
| WOLVERINE TRADING, LLC | Added | $1.1m3.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $801.7k2.6k shares |
| Squarepoint Ops LLC | New | $585.9k1.9k shares |
| JANE STREET GROUP, LLC | Reduced | $370.0k1.2k 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 Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 4 | $1.8m | 0 | — | — |
| Q4 2023 | 2 | $350.5k | 0 | — | — |
| Q1 2024 | 0 | — | 5 | $939.9k | — |
| Q2 2024 | 0 | — | 1 | $531.1k | — |
| Q3 2024 | 0 | — | 1 | $341.7k | — |
| Q4 2024 | 0 | — | 8 | $2.8m | — |
| Q1 2025 | 1 | $1.0m | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
None reported in Q2 2025.
Holders, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 6.4m $2.0bn | Added +61.3k |
| BlackRock, Inc. 0.02% of their portfolio | 4.0m $1.2bn | Reduced -362.5k |
| STATE STREET CORP 0.03% of their portfolio | 2.2m $679.7m | Added +26.9k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 1.09% of their portfolio | 1.5m $457.0m | Added +1.7k |
| Invesco Ltd. 0.07% of their portfolio | 1.4m $435.8m | Added +77.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 1.3m $405.0m | Added +681 |
| Alyeska Investment Group, L.P. 1.26% of their portfolio | 1.2m $355.1m | Added +797.5k |
| Boston Partners 0.39% of their portfolio | 1.1m $347.2m | Added +172.4k |
| JPMORGAN CHASE & CO 0.02% of their portfolio | 1.0m $310.1m | Added +27.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.19% of their portfolio | 958.8k $295.7m | Reduced -224.9k |
| APG Asset Management N.V. 0.68% of their portfolio | 873.8k $229.5m | Added +33.4k |
| ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio | 779.7k $240.4m | Added +724.4k |
| MACQUARIE GROUP LTD 0.25% of their portfolio | 662.7k $204.3m | Added +98.3k |
| MORGAN STANLEY 0.01% of their portfolio | 622.7k $192.0m | Added +119.4k |
| Point72 Asset Management, L.P. 0.44% of their portfolio | 596.7k $184.0m | Added +344.2k |
| NORGES BANK 0.02% of their portfolio | 540.8k $166.7m | Reduced -20.2k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.05% of their portfolio | 521.8k $160.9m | Added +26.7k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 471.0k $145.2m | Added +139.4k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 464.4k $143.2m | Reduced -111.4k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 442.7k $136.5m | Added +241.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 437.0k $134.8m | Added +6.9k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 434.2k $133.9m | Added +16.8k |
| Balyasny Asset Management L.P. 0.28% of their portfolio | 401.8k $123.9m | Added +331.3k |
| NEW SOUTH CAPITAL MANAGEMENT INC 5.95% of their portfolio | 398.8k $123.0m | Reduced -14.2k |
| UBS Group AG 0.03% of their portfolio | 391.7k $120.8m | Reduced -55.3k |
| NorthCoast Asset Management LLC 0.52% of their portfolio | 390.7k $120.5m | Added +31.2k |
| FRANKLIN RESOURCES INC 0.03% of their portfolio | 374.9k $115.6m | Reduced -32.0k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 370.1k $114.1m | Added +245.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 367.9k $113.4m | Added +38.2k |
| Thrivent Financial for Lutherans 0.25% of their portfolio | 367.8k $113.4m | Reduced -944 |
| Fenimore Asset Management Inc 2.16% of their portfolio | 351.6k $108.4m | Added +28.7k |
| LAZARD ASSET MANAGEMENT LLC 0.15% of their portfolio | 343.3k $105.9m | Added +1.1k |
| ARIEL INVESTMENTS, LLC 1.19% of their portfolio | 339.1k $104.6m | Added +113.0k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 316.9k $97.7m | Reduced -125.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 316.4k $97.6m | Added +3.1k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 316.3k $97.5m | Reduced -13.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 293.2k $90.4m | Reduced -933.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 288.4k $88.9m | Reduced -141.5k |
| Legal & General Group Plc 0.02% of their portfolio | 276.6k $85.3m | Reduced -81.9k |
| Amundi 0.03% of their portfolio | 273.2k $87.5m | Added +150.6k |
| Pictet Asset Management Holding SA 0.08% of their portfolio | 269.2k $83.0m | Added +184.6k |
| SG Capital Management LLC 7.05% of their portfolio | 269.1k $83.0m | New |
| FMR LLC 0.00% of their portfolio | 269.0k $82.9m | Reduced -584.9k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 261.6k $80.7m | Added +8.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 252.8k $78.0m | Added +50.3k |
| Pacer Advisors, Inc. 0.19% of their portfolio | 249.4k $76.9m | Reduced -10.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 242.1k $74.7m | Added +35.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.07% of their portfolio | 236.4k $72.9m | Reduced -12.8k |
| Freestone Grove Partners LP 0.53% of their portfolio | 227.5k $70.2m | Added +226.4k |
| AXA S.A. 0.20% of their portfolio | 226.4k $69.8m | Reduced -36.0k |
| BARCLAYS PLC 0.03% of their portfolio | 226.3k $69.8m | Added +98.3k |
| PRUDENTIAL FINANCIAL INC 0.09% of their portfolio | 218.2k $67.3m | Added +9.9k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 210.4k $64.9m | Reduced -1.2k |
| Sessa Capital IM, L.P. 1.94% of their portfolio | 207.0k $63.8m | New |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 202.9k $62.6m | Reduced -7.7k |
| Electron Capital Partners, LLC 3.24% of their portfolio | 196.3k $60.5m | New |
| GW&K Investment Management, LLC 0.52% of their portfolio | 189.8k $58.5m | Added +1.4k |
| LONDON CO OF VIRGINIA 0.33% of their portfolio | 188.8k $58.2m | Added +59.2k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.05% of their portfolio | 182.4k $56.2m | Added +9.5k |
| Boston Trust Walden Corp 0.38% of their portfolio | 173.7k $53.5m | Added +10.1k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 167.5k $51.7m | Added +140.5k |
| SUMMITRY LLC 2.26% of their portfolio | 161.6k $49.8m | Added +13.2k |
| Swiss National Bank 0.03% of their portfolio | 155.2k $47.9m | Added +9.7k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 141.2k $43.5m | Added +100.0k |
| Nuveen, LLC 0.01% of their portfolio | 135.5k $41.8m | Reduced -29.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 128.8k $39.7m | Reduced -50.7k |
| BROWN BROTHERS HARRIMAN & CO 0.25% of their portfolio | 127.3k $39.3m | Reduced -14.4k |
| Baird Financial Group, Inc. 0.07% of their portfolio | 126.2k $38.9m | Reduced -9.6k |
| Vontobel Holding Ltd. 0.13% of their portfolio | 123.7k $38.1m | Reduced -10.1k |
| Qube Research & Technologies Ltd 0.05% of their portfolio | 123.5k $38.1m | Reduced -178.7k |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 122.3k $37.7m | Reduced -34.9k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.25% of their portfolio | 118.4k $36.5m | Reduced -45.3k |
| Gotham Asset Management, LLC 0.21% of their portfolio | 115.7k $35.7m | Added +70.7k |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 115.5k $35.7m | Added +1.5k |
| Quantinno Capital Management LP 0.15% of their portfolio | 115.0k $35.5m | Added +69.3k |
| Corient Private Wealth LP 0.05% of their portfolio | 113.9k $35.1m | Reduced -15.8k |
| Man Group plc 0.07% of their portfolio | 101.1k $31.2m | Reduced -35.4k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 101.0k $31.1m | Reduced -3.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 98.9k $30.5m | Added +9.1k |
| PANAGORA ASSET MANAGEMENT INC 0.13% of their portfolio | 96.6k $29.8m | Added +1.7k |
| TWINBEECH CAPITAL LP 0.65% of their portfolio | 93.7k $28.9m | Added +19.5k |
| BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp 0.17% of their portfolio | 92.9k $28.7m | Reduced -27.6k |
| BLAIR WILLIAM & CO/IL 0.07% of their portfolio | 87.1k $26.9m | Added +97 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 85.7k $26.4m | Added +7.3k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.10% of their portfolio | 85.5k $26.4m | Added +33.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.04% of their portfolio | 84.1k $25.9m | Reduced -40.8k |
| California Public Employees Retirement System 0.02% of their portfolio | 83.4k $25.7m | Added +4.8k |
| Ensign Peak Advisors, Inc 0.04% of their portfolio | 79.3k $24.4m | Reduced -5.8k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.10% of their portfolio | 78.2k $24.1m | Reduced -46.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 77.1k $23.8m | Added +28.9k |
| RENAISSANCE TECHNOLOGIES LLC 0.03% of their portfolio | 76.5k $23.6m | Reduced -198.8k |
| LPL Financial LLC 0.01% of their portfolio | 73.3k $22.6m | Added +43.4k |
| Allspring Global Investments Holdings, LLC 0.04% of their portfolio | 72.7k $22.9m | Reduced -33.7k |
| Squarepoint Ops LLC 0.05% of their portfolio | 72.0k $22.2m | Reduced -262.0k |
| CIBC Asset Management Inc 0.07% of their portfolio | 68.4k $21.1m | Reduced -4.4k |
| Rokos Capital Management LLP 0.35% of their portfolio | 68.2k $21.0m | New |
| National Mutual Insurance Federation of Agricultural Cooperatives 0.16% of their portfolio | 65.0k $20.0m | Unchanged |
| Allianz Asset Management GmbH 0.03% of their portfolio | 62.1k $19.1m | Reduced -186.6k |
| STIFEL FINANCIAL CORP 0.02% of their portfolio | 62.0k $19.1m | Added +1.4k |
| NORRIS PERNE & FRENCH LLP/MI 1.31% of their portfolio | 60.8k $18.8m | Reduced -274 |