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 ($65.4m this quarter). Holder counts are more reliable. Shares outstanding: 47.6m as of 2026-05-05, 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 ≈ $208.67. Options: 13 managers hold calls ($36.2m notional), 11 hold puts ($22.7m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 354 | 277 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $73.7m | $153.3m | 2.08 |
| Q3 2025 | $39.3m | $20.4m | 0.52 |
| Q4 2025 | $14.2m | $15.9m | 1.12 |
| Q1 2026 | $36.2m | $22.7m | 0.63 |
Biggest buyers
| Alyeska Investment Group, L.P. | Added | +767.7k |
| Focus Partners Wealth | Added | +590.7k |
| Swedbank AB | Added | +378.4k |
| Boston Partners | Added | +367.4k |
| ARIEL INVESTMENTS, LLC | Added | +301.6k |
| BlackRock, Inc. | Added | +286.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +264.0k |
| RENAISSANCE TECHNOLOGIES LLC | Added | +232.4k |
| ALLIANCEBERNSTEIN L.P. | Added | +223.4k |
| GOLDMAN SACHS GROUP INC | Added | +211.0k |
Biggest sellers
| Point72 Asset Management, L.P. | Sold out | -302.4k |
| Invesco Ltd. | Reduced | -272.0k |
| APG Asset Management N.V. | Reduced | -270.5k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. | Reduced | -253.9k |
| D. E. Shaw & Co., Inc. | Reduced | -230.3k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -229.4k |
| MORGAN STANLEY | Reduced | -187.2k |
| Corient Private Wealth LP | Reduced | -162.4k |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -139.5k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. | Reduced | -135.1k |
Biggest calls
| J. Goldman & Co LP | New | $13.6m65.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.1m29.3k shares |
| CITADEL ADVISORS LLC | Added | $5.8m27.6k shares |
| IMC-Chicago, LLC | Added | $4.2m19.9k shares |
| JANE STREET GROUP, LLC | Added | $2.2m10.7k shares |
| Squarepoint Ops LLC | New | $1.3m6.0k shares |
| Walleye Trading LLC | Added | $920.0k4.4k shares |
| Point72 Asset Management, L.P. | New | $669.1k3.2k shares |
| SIMPLEX TRADING, LLC | New | $418.2k2.0k shares |
| CenterStar Asset Management, LLC | New | $418.2k2.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $6.8m32.5k shares |
| LOGAN CAPITAL MANAGEMENT INC | New | $5.9m28.4k shares |
| CITADEL ADVISORS LLC | Added | $4.7m22.3k shares |
| IMC-Chicago, LLC | Reduced | $1.7m8.1k shares |
| Squarepoint Ops LLC | New | $1.2m5.8k shares |
| JANE STREET GROUP, LLC | Added | $940.9k4.5k shares |
| Point72 Asset Management, L.P. | Unchanged | $710.9k3.4k shares |
| Walleye Capital LLC | New | $271.8k1.3k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $230.0k1.1k shares |
| Walleye Trading LLC | Added | $125.4k600 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 Q1 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q3 2025 | 0 | — | 1 | $356.5k | — |
| Q4 2025 | 1 | $233.1k | 0 | — | — |
| Q1 2026 | 1 | $153.7k | 2 | $36.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-12 | Dhanasekaran Satish Director | Bought | $41.1k200 shares |
| 2026-03-05 | Kogl Cristen L Chief Legal Officer | Sold | $34.2k145 shares |
| 2026-03-05 | Armstrong Robert John Jr Chief Marketing Officer | Sold | $2.1k9 shares |
| 2026-02-27 | Dhanasekaran Satish Director | Bought | $112.6k500 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, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 4.2m $878.8m | Added +286.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 3.2m $669.3m | First filing |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 2.8m $586.0m | First filing |
| STATE STREET CORP 0.02% of their portfolio | 2.2m $451.1m | Reduced -105.9k |
| NORDEA INVESTMENT MANAGEMENT AB 0.39% of their portfolio | 2.0m $413.5m | Added +143.3k |
| Invesco Ltd. 0.03% of their portfolio | 1.5m $319.8m | Reduced -272.0k |
| Boston Partners 0.32% of their portfolio | 1.5m $307.5m | Added +367.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 1.3m $279.1m | Added +1.6k |
| Alyeska Investment Group, L.P. 0.78% of their portfolio | 1.3m $277.0m | Added +767.7k |
| Focus Partners Wealth 0.26% of their portfolio | 1.1m $237.1m | Added +590.7k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.69% of their portfolio | 1.1m $235.6m | Reduced -124.4k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 960.7k $191.5m | Reduced -50.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.13% of their portfolio | 956.6k $200.0m | Reduced -139.5k |
| ARIEL INVESTMENTS, LLC 1.82% of their portfolio | 777.4k $162.5m | Added +301.6k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 686.3k $143.5m | Added +185.4k |
| Sumitomo Mitsui Trust Group, Inc. 0.09% of their portfolio | 679.2k $142.0m | Reduced -4.2k |
| LAZARD ASSET MANAGEMENT LLC 0.21% of their portfolio | 624.0k $130.5m | Added +20.6k |
| UBS Group AG 0.02% of their portfolio | 589.9k $123.3m | Added +91.7k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 547.2k $114.4m | Added +17.0k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.04% of their portfolio | 542.3k $113.4m | Added +74.7k |
| Pictet Asset Management Holding SA 0.11% of their portfolio | 513.5k $107.3m | Reduced -80.2k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.06% of their portfolio | 500.6k $104.7m | Added +264.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 497.1k $103.9m | Added +211.0k |
| FMR LLC 0.01% of their portfolio | 495.4k $103.6m | Added +84.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 455.9k $95.3m | Reduced -11.4k |
| ALLIANCEBERNSTEIN L.P. 0.04% of their portfolio | 451.3k $109.6m | Added +223.4k |
| APG Asset Management N.V. 0.26% of their portfolio | 448.3k $81.3m | Reduced -270.5k |
| MORGAN STANLEY 0.01% of their portfolio | 435.2k $91.0m | Reduced -187.2k |
| Swedbank AB 0.09% of their portfolio | 417.9k $87.4m | Added +378.4k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 380.1k $79.5m | Added +18.2k |
| NEW SOUTH CAPITAL MANAGEMENT INC 3.62% of their portfolio | 361.2k $75.5m | Reduced -28.5k |
| Fenimore Asset Management Inc 1.66% of their portfolio | 355.5k $74.3m | Reduced -3.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 322.9k $67.5m | Reduced -3.7k |
| Thrivent Financial for Lutherans 0.12% of their portfolio | 297.4k $62.2m | Reduced -81.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 291.0k $60.8m | Added +54.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.09% of their portfolio | 288.3k $60.3m | Added +232.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 276.9k $57.9m | First filing |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 276.9k $57.9m | Added +7.6k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 269.5k $56.3m | Reduced -12.5k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 269.1k $56.3m | Reduced -230.3k |
| FULLER & THALER ASSET MANAGEMENT, INC. 0.17% of their portfolio | 245.6k $51.4m | Reduced -25.1k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 238.7k $49.9m | Added +8.9k |
| Legal & General Group Plc 0.01% of their portfolio | 230.8k $48.3m | Reduced -50.1k |
| Robeco Institutional Asset Management B.V. 0.07% of their portfolio | 230.7k $48.2m | Added +43.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 230.1k $48.1m | Reduced -33.0k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 206.2k $43.1m | Added +34.1k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.03% of their portfolio | 202.2k $40.3m | Added +26.7k |
| SUMMITRY LLC 1.40% of their portfolio | 190.1k $39.7m | Added +14.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio | 181.7k $38.0m | Added +13.1k |
| Shellback Capital, LP 5.19% of their portfolio | 174.4k $36.5m | New |
| Woodline Partners LP 0.14% of their portfolio | 171.6k $35.9m | Added +7.2k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 168.1k $35.1m | Added +27.9k |
| Amundi 0.01% of their portfolio | 154.4k $32.3m | Reduced -74.9k |
| Swiss National Bank 0.02% of their portfolio | 148.6k $31.1m | Added +9.4k |
| Vontobel Holding Ltd. 0.11% of their portfolio | 147.5k $30.8m | Added +12.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 147.0k $30.7m | Added +13.3k |
| LONDON CO OF VIRGINIA 0.18% of their portfolio | 138.2k $28.9m | Reduced -1.4k |
| J. Goldman & Co LP 1.33% of their portfolio | 137.9k $28.8m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 133.1k $27.2m | Reduced -229.4k |
| Oslo Pensjonsforsikring AS 4.20% of their portfolio | 129.1k $27.0m | First filing |
| Nuveen, LLC 0.01% of their portfolio | 128.0k $26.8m | Reduced -6.8k |
| BLAIR WILLIAM & CO/IL 0.07% of their portfolio | 124.9k $26.1m | Added +38.0k |
| Handelsbanken Fonder AB 0.08% of their portfolio | 121.1k $25.3m | New |
| BARCLAYS PLC 0.01% of their portfolio | 120.5k $25.2m | Reduced -67.1k |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.03% of their portfolio | 118.2k $24.6m | Added +30.4k |
| KBC Group NV 0.06% of their portfolio | 118.1k $24.7m | Added +104.1k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.02% of their portfolio | 115.4k $24.1m | Added +9.9k |
| BROWN BROTHERS HARRIMAN & CO 0.13% of their portfolio | 112.4k $23.5m | Added +1.4k |
| CITIGROUP INC 0.01% of their portfolio | 107.4k $22.5m | Reduced -15.4k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 107.3k $22.4m | Added +8.0k |
| Vanguard Global Advisers, LLC 0.01% of their portfolio | 104.6k $21.9m | First filing |
| PFA Pension, Forsikringsaktieselskab 0.06% of their portfolio | 100.2k $21.0m | Added +19.5k |
| AIGH Capital Management LLC 4.28% of their portfolio | 100.0k $20.9m | New |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.15% of their portfolio | 99.4k $20.8m | Reduced -2.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 97.7k $20.4m | Reduced -83.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 96.3k $20.1m | Reduced -1.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 90.5k $18.9m | Added +3.1k |
| Heron Bay Capital Management 1.73% of their portfolio | 89.7k $18.7m | Added +54.2k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 87.5k $18.3m | Added +29.7k |
| EXCHANGE TRADED CONCEPTS, LLC 0.14% of their portfolio | 87.3k $18.3m | Added +21.7k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 87.1k $18.2m | Reduced -33.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 85.6k $17.9m | Reduced -2.9k |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 84.9k $17.8m | Reduced -20.8k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 82.0k $17.1m | Added +7.7k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 81.8k $17.1m | Added +22.9k |
| Man Group plc 0.03% of their portfolio | 77.5k $16.2m | Reduced -17.1k |
| Triodos Investment Management BV 1.09% of their portfolio | 69.0k $14.4m | Added +15.0k |
| ZWJ INVESTMENT COUNSEL INC 0.52% of their portfolio | 68.9k $14.4m | Added +27.6k |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 60.4k $12.6m | Reduced -95.2k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 56.3k $11.8m | Reduced -73.1k |
| ISTHMUS PARTNERS, LLC 1.22% of their portfolio | 55.6k $11.6m | Added +13.0k |
| NORRIS PERNE & FRENCH LLP/MI 0.57% of their portfolio | 55.6k $11.6m | Added +161 |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 55.3k $11.6m | Added +6.5k |
| MCDANIEL TERRY & CO 0.98% of their portfolio | 55.1k $11.5m | Added +3.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 54.9k $11.5m | Reduced -1.9k |
| Vinva Investment Management Ltd 0.13% of their portfolio | 54.6k $10.9m | Reduced -12.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.03% of their portfolio | 53.7k $11.2m | Added +2.8k |
| Capital Investment Services of America, Inc. 1.16% of their portfolio | 53.2k $11.1m | Added +12.3k |
| STRS OHIO 0.04% of their portfolio | 52.3k $10.9m | Added +8.8k |
| Quantinno Capital Management LP 0.02% of their portfolio | 51.4k $10.7m | Reduced -44.7k |