Vault-13

ZSCALER INC ZS 0.125 07.01.25

NOTE 0.125% 7/0 · US DOMESTIC · CUSIP 98980GAB8

95 institutional holders +10 vs Q1 2024
39,479,25039.5m shares reported held*
$1.5bnreported value*
17 new 28 added 29 reduced 6 sold out net sold ≈ $133.1m (-16.0m shares)

* 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 ($20.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $38.09.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

050100Q3 22: 68Q4 22: 77Q1 23: 83Q2 23: 90Q3 23: 88Q4 23: 89Q1 24: 85Q2 24: 9595Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202268
Q4 202277
Q1 202383
Q2 202390
Q3 202388
Q4 202389
Q1 202485
Q2 202495

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
1000100Q4 22: 40 bought or addedQ4 22: 29 cut or sold outQ4 22Q1 23: 46 bought or addedQ1 23: 28 cut or sold outQ2 23: 51 bought or addedQ2 23: 33 cut or sold outQ2 23Q3 23: 30 bought or addedQ3 23: 30 cut or sold outQ4 23: 35 bought or addedQ4 23: 45 cut or sold outQ4 23Q1 24: 29 bought or addedQ1 24: 60 cut or sold outQ2 24: 45 bought or addedQ2 24: 35 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20224029
Q1 20234628
Q2 20235133
Q3 20233030
Q4 20233545
Q1 20242960
Q2 20244535

Biggest buyers

Shaolin Capital Management LLC Added +60,000,000+60.0m
Balyasny Asset Management L.P. Added +35,000,000+35.0m
CITADEL ADVISORS LLC New +22,500,000+22.5m
D. E. Shaw & Co., Inc. Added +17,780,000+17.8m
Nuveen Asset Management, LLC New +15,000,000+15.0m
Lombard Odier Asset Management (Europe) Ltd New +14,300,000+14.3m
ROYAL BANK OF CANADA Added +12,589,000+12.6m
Point72 Asset Management, L.P. New +12,500,000+12.5m
Sculptor Capital LP New +9,000,000+9.0m
BANK OF NOVA SCOTIA Added +6,000,000+6.0m

Biggest sellers

Linden Advisors LP Reduced -99,714,000-99.7m
VOYA INVESTMENT MANAGEMENT LLC Reduced -88,915,000-88.9m
UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Reduced -28,764,000-28.8m
MILLENNIUM MANAGEMENT LLC Reduced -25,000,000-25.0m
LORD, ABBETT & CO. LLC Reduced -14,296,000-14.3m
BANK OF AMERICA CORP /DE/ Reduced -13,810,200-13.8m
DLD Asset Management, LP Sold out -12,500,000-12.5m
Walleye Capital LLC Reduced -12,500,000-12.5m
SILVERBACK ASSET MANAGEMENT LLC Sold out -10,000,000-10.0m
MORGAN STANLEY Reduced -8,031,000-8.0m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 TENOR CAPITAL MANAGEMENT Co., L.P. 2.47% of their portfolio NEW YORK, NY 116,500,000116.5m $156.9m $156.9m 2.47% Added +4.5m +4,500,000
2 Shaolin Capital Management LLC 3.24% of their portfolio Miami, FL 78,500,00078.5m $105.5m $105.5m 3.24% Added +60.0m +60,000,000
3 D. E. Shaw & Co., Inc. 0.14% of their portfolio New York, NY 73,985,00074.0m $99.5m $99.5m 0.14% Added +17.8m +17,780,000
4 Balyasny Asset Management L.P. 0.23% of their portfolio Chicago, IL 65,000,00065.0m $87.5m $87.5m 0.23% Added +35.0m +35,000,000
5 LAZARD ASSET MANAGEMENT LLC 0.11% of their portfolio NEW YORK, NY 63,849,00063.8m $86.0m $86.0m 0.11% Added +144.0k +144,000
6 DeepCurrents Investment Group LLC 2.86% of their portfolio NEW YORK, NY 52,918,00052.9m $71.1m $71.1m 2.86% Unchanged
7 CAPSTONE INVESTMENT ADVISORS, LLC 1.53% of their portfolio NEW YORK, NY 52,000,00052.0m $70.1m $70.1m 1.53% Reduced -5.0m -5,000,000
8 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 48,000,00048.0m $64.5m $64.5m 0.05% Reduced -25.0m -25,000,000
9 ADVENT CAPITAL MANAGEMENT /DE/ 0.99% of their portfolio NEW YORK, NY 30,379,00030.4m $40.9m $40.9m 0.99% Added +4.6m +4,554,000
10 BANK OF NOVA SCOTIA 0.07% of their portfolio TORONTO, A6 25,000,00025.0m $33.7m $33.7m 0.07% Added +6.0m +6,000,000
11 MacKay Shields LLC 1.02% of their portfolio New York, NY 24,986,00025.0m $33.6m $33.6m 1.02% Reduced -224.0k -224,000
12 MIZUHO SECURITIES USA LLC 0.72% of their portfolio NEW YORK, NY 24,200,00024.2m $32.5m $32.5m 0.72% Reduced -2.8m -2,786,000
13 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 23,652,00023.7m $31.8m $31.8m 0.00% Reduced -5.8m -5,786,000
14 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 22,768,00022.8m $30.7m $30.7m 0.00% Reduced -1.6m -1,600,000
15 CITADEL ADVISORS LLC 0.03% of their portfolio MIAMI, FL 22,500,00022.5m $30.3m $30.3m 0.03% New
16 Hudson Bay Capital Management LP 0.22% of their portfolio STAMFORD, CT 21,449,00021.4m $28.9m $28.9m 0.22% Unchanged
17 WHITEBOX ADVISORS LLC 0.87% of their portfolio MINNEAPOLIS, MN 16,168,00016.2m $21.7m $21.7m 0.87% Unchanged
18 Calamos Advisors LLC 0.10% of their portfolio NAPERVILLE, IL 15,762,00015.8m $21.2m $21.2m 0.10% Added +32.0k +32,000
19 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 15,000,00015.0m $20.1m $20.1m 0.01% New
20 Verition Fund Management LLC 0.15% of their portfolio GREENWICH, CT 14,848,00014.8m $20.0m $20.0m 0.15% Unchanged
21 FMR LLC 0.00% of their portfolio BOSTON, MA 14,335,00014.3m $19.2m $19.2m 0.00% Reduced -800.0k -800,000
22 Lombard Odier Asset Management (Europe) Ltd 0.94% of their portfolio LONDON, X0 14,300,00014.3m $19.2m $19.2m 0.94% New
23 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 12,979,00013.0m $17.4m $17.4m 0.00% Added +12.6m +12,589,000
24 Point72 Asset Management, L.P. 0.05% of their portfolio STAMFORD, CT 12,500,00012.5m $16.8m $16.8m 0.05% New
25 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 10,650,00010.7m $14.3m $14.3m 0.02% Added +4.5m +4,500,000
26 CSS LLC/IL 1.02% of their portfolio CHICAGO, IL 10,290,00010.3m $13.9m $13.9m 1.02% Reduced -7.5m -7,500,000
27 SHENKMAN CAPITAL MANAGEMENT INC 1.21% of their portfolio NEW YORK, NY 10,143,00010.1m $14.0m $14.0m 1.21% Added +2.8m +2,752,000
28 BlackRock Inc. 0.00% of their portfolio New York, NY 9,632,0009.6m $12.9m $12.9m 0.00% Added +675.0k +675,000
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 9,597,0009.6m $12.9m $12.9m 0.00% Reduced -8.0m -8,031,000
30 Sculptor Capital LP 0.25% of their portfolio New York, NY 9,000,0009.0m $12.1m $12.1m 0.25% New
31 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.03% of their portfolio Paris, I0 7,500,0007.5m $10.1m $10.1m 0.03% Unchanged
32 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 7,071,0007.1m $9.5m $9.5m 0.00% Reduced -200.0k -200,000
33 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 6,442,0006.4m $8.7m $8.7m 0.00% Reduced -550.0k -550,000
34 BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio PARIS, I0 6,067,0006.1m $8.1m $8.1m 0.01% Added +223.0k +223,000
35 AXA S.A. 0.01% of their portfolio PARIS, I0 5,754,0005.8m $7.7m $7.7m 0.01% Added +1.5m +1,527,000
36 SSI INVESTMENT MANAGEMENT LLC 0.55% of their portfolio Los Angeles, CA 5,304,0005.3m $7.1m $7.1m 0.55% Reduced -2.3m -2,344,000
37 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 5,000,0005.0m $6.7m $6.7m 0.01% New
38 Walleye Capital LLC 0.07% of their portfolio NEW YORK, NY 4,968,0005.0m $6.7m $6.7m 0.07% Reduced -12.5m -12,500,000
39 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 4,402,0004.4m $5.9m $5.9m 0.00% Added +1.0k +1,000
40 Amundi 0.00% of their portfolio Paris, I0 4,180,0004.2m $5.7m $5.7m 0.00% Reduced -120.0k -120,000
41 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 4,075,0004.1m $5.5m $5.5m 0.00% New
42 RWC Asset Management LLP 0.37% of their portfolio LONDON, X0 3,900,0003.9m $5.2m $5.2m 0.37% New
43 PALISADE CAPITAL MANAGEMENT, LP 0.13% of their portfolio FORT LEE, NJ 3,430,0003.4m $4.6m $4.6m 0.13% Unchanged
44 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 3,336,0003.3m $4.5m $4.5m 0.00% Reduced -28.8m -28,764,000
45 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 3,285,0003.3m $4.4m $4.4m 0.00% Reduced -88.9m -88,915,000
46 LORD, ABBETT & CO. LLC 0.01% of their portfolio JERSEY CITY, NJ 3,122,0003.1m $4.2m $4.2m 0.01% Reduced -14.3m -14,296,000
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 3,061,0003.1m $4.1m $4.1m 0.00% Reduced -89.0k -89,000
48 Man Group plc 0.01% of their portfolio LONDON, X0 2,700,0002.7m $3.6m $3.6m 0.01% New
49 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 2,604,3002.6m $3.5m $3.5m 0.00% Reduced -13.8m -13,810,200
50 Radcliffe Capital Management, L.P. 0.66% of their portfolio BALA CYNWYD, PA 2,500,0002.5m $3.4m $3.4m 0.66% Unchanged
51 Magnetar Financial LLC 0.07% of their portfolio EVANSTON, IL 2,500,0002.5m $3.4m $3.4m 0.07% New
52 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 2,500,0002.5m $3.4m $3.4m 0.02% Added +500.0k +500,000
53 Nicholas Investment Partners, LP 0.34% of their portfolio RANCHO SANTA FE, CA 2,470,0002.5m $3.3m $3.3m 0.34% Unchanged
54 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,040,0002.0m $2.7m $2.7m 0.00% New
55 TORONTO DOMINION BANK 0.00% of their portfolio TORONTO, ONTARIO, A6 2,000,0002.0m $2.7m $2.7m 0.00% New
56 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,960,0002.0m $2.6m $2.6m 0.00% Added +1.5m +1,453,000
57 GROUPAMA ASSET MANAGMENT 0.02% of their portfolio PARIS, I0 1,000,0001.0m $1.3m $1.3m 0.02% Unchanged
58 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 960,000960.0k $1.3m $1.3m 0.02% Reduced -35.0k -35,000
59 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 800,000800.0k $1.1m $1.1m 0.00% Unchanged
60 Liberty Mutual Group Asset Management Inc. 0.15% of their portfolio Boston, MA 775,000775.0k $1.0m $1.0m 0.15% Reduced -100.0k -100,000
61 Pinnacle Holdings, LLC 0.41% of their portfolio TULSA, OK 750,000750.0k $1.0m $1.0m 0.41% New
62 Linden Advisors LP 0.01% of their portfolio New York, NY 709,000709.0k $953.4k $953.4k 0.01% Reduced -99.7m -99,714,000
63 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 650,000650.0k $873.5k $873.5k 0.00% Added +150.0k +150,000
64 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 586,000586.0k $786.6k $786.6k 0.02% Reduced -870.0k -870,000
65 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 550,000550.0k $741.1k $741.1k 0.01% Added +350.0k +350,000
66 DNCA FINANCE 0.06% of their portfolio PARIS, I0 500,000500.0k $672.7k $672.7k 0.06% First filing
67 Quaero Capital S.A. 0.91% of their portfolio GENEVE, V8 500,000500.0k $671.8k $671.8k 0.91% Unchanged
68 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 444,000444.0k $598.3k $598.3k 0.00% Reduced -2.8m -2,822,000
69 NOMURA HOLDINGS INC 0.41% of their portfolio TOKYO, M0 334,401334.4k $64.3m $64.3m 0.41% Added +114.7k +114,683
70 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 314,000314.0k $422.7k $422.7k 0.00% Added +150.0k +150,000
71 Central Pacific Bank - Trust Division 0.04% of their portfolio HONOLULU, HI 280,000280.0k $375.9k $375.9k 0.04% Reduced -125.0k -125,000
72 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 222,000222.0k $298.0k $298.0k 0.00% Unchanged
73 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 216,000216.0k $291.0k $291.0k 0.00% Unchanged
74 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 177,000177.0k $237.6k $237.6k 0.00% Added +76.0k +76,000
75 Northwest & Ethical Investments L.P. 0.01% of their portfolio TORONTO, A6 150,000150.0k $201.7k $201.7k 0.01% Unchanged
76 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 133,000133.0k $179.0k $179.0k 0.01% Added +5.0k +5,000
77 LOOMIS SAYLES & CO L P 0.03% of their portfolio BOSTON, MA 127,849127.8k $24.6m $24.6m 0.03% Added +45.3k +45,254
78 Fox Hill Wealth Management 0.09% of their portfolio DEDHAM, MA 110,000110.0k $148.3k $148.3k 0.09% Unchanged
79 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $134.0k $134.0k 0.00% New
80 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 93,00093.0k $124.8k $124.8k 0.00% Reduced -2.0k -2,000
81 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 81,00081.0k $108.7k $108.7k 0.00% Reduced -127.0k -127,000
82 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,00075.0k $100.7k $100.7k 0.00% Reduced -65.0k -65,000
83 Virtus Investment Advisers, LLC 0.06% of their portfolio HARTFORD, CT 51,00051.0k $68.5k $68.5k 0.06% Unchanged
84 SG Americas Securities, LLC 0.03% of their portfolio NEW YORK, NY 39,30039.3k $5.3m $5.3m 0.03% Added +21.8k +21,800
85 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 31,00031.0k $41.8k $41.8k 0.01% Unchanged
86 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 26,00026.0k $34.9k $34.9k 0.00% New
87 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 18,00018.0k $24.2k $24.2k 0.00% Unchanged
88 Boussard & Gavaudan Investment Management LLP 2.80% of their portfolio London, X0 13,00013.0k $17.5m $17.5m 2.80% Added +923 +923
89 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 3,0003.0k $4.0k $4.0k 0.00% Reduced -1.0k -1,000
90 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 2,0002.0k $2.7k $2.7k 0.00% New
91 COMERICA BANK 0.00% of their portfolio DALLAS, TX 2,0002.0k $2.7k $2.7k 0.00% Unchanged
92 Alken Asset Management Ltd 0.03% of their portfolio LONDON, X0 1,4001.4k $1.9k $1.9k 0.03% Added +650 +650
93 UBS Group AG 0.00% of their portfolio ZURICH, V8 1,0001.0k $1.3k $1.3k 0.00% New
94 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 880880 $1.2m $1.2m 0.01% Added +400 +400
95 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged