ZOOM COMMUNICATIONS INC ZM
CL A · Common Stock · CUSIP 98980L101 · ISIN US98980L1017
Company responsible for the Zoom software
* 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 ($33.4m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $81.61. Options: 53 managers hold calls ($1.5bn notional), 47 hold puts ($1.0bn).
Trends to Q4 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 664 |
| Q4 2022 | 656 |
| Q1 2023 | 661 |
| Q2 2023 | 655 |
| Q3 2023 | 648 |
| Q4 2023 | 700 |
| Q1 2024 | 675 |
| Q2 2024 | 659 |
| Q3 2024 | 671 |
| Q4 2024 | 719 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q1 2023 | 302 | 274 |
| Q2 2023 | 309 | 269 |
| Q3 2023 | 302 | 272 |
| Q4 2023 | 290 | 314 |
| Q1 2024 | 340 | 285 |
| Q2 2024 | 306 | 324 |
| Q3 2024 | 338 | 281 |
| Q4 2024 | 323 | 298 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $651.7m | $978.4m | 1.50 |
| Q2 2024 | $603.7m | $600.6m | 0.99 |
| Q3 2024 | $839.5m | $728.2m | 0.87 |
| Q4 2024 | $1.5bn | $1.0bn | 0.69 |
Biggest buyers
| NORGES BANK | Added | +3.2m |
| BlackRock, Inc. | Added | +2.1m |
| Altshuler Shaham Ltd | Added | +1.5m |
| T. Rowe Price Investment Management, Inc. | Added | +1.2m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +780.4k |
| Assenagon Asset Management S.A. | Added | +699.6k |
| Holocene Advisors, LP | New | +678.4k |
| UBS Group AG | Added | +588.2k |
| NATIONAL BANK OF CANADA /FI/ | Added | +539.0k |
| STATE STREET CORP | Added | +538.5k |
Biggest sellers
| Qube Research & Technologies Ltd | Reduced | -925.4k |
| GOLDMAN SACHS GROUP INC | Reduced | -736.0k |
| Pacer Advisors, Inc. | Reduced | -684.5k |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -681.4k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -678.1k |
| MORGAN STANLEY | Reduced | -515.4k |
| INTERNATIONAL ASSETS INVESTMENT MANAGEMENT, LLC | Reduced | -495.1k |
| Amundi | Reduced | -493.0k |
| JANE STREET GROUP, LLC | Reduced | -448.5k |
| Balyasny Asset Management L.P. | Reduced | -446.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $308.5m3.8m shares |
| GROUP ONE TRADING LLC | Added | $256.1m3.1m shares |
| CITADEL ADVISORS LLC | Added | $176.6m2.2m shares |
| IMC-Chicago, LLC | Added | $95.8m1.2m shares |
| Walleye Trading LLC | Reduced | $89.1m1.1m shares |
| SIMPLEX TRADING, LLC | Added | $75.6m926.2k shares |
| JANE STREET GROUP, LLC | Added | $71.0m869.6k shares |
| UBS Group AG | Added | $51.0m624.5k shares |
| Squarepoint Ops LLC | Added | $42.4m519.0k shares |
| D. E. Shaw & Co., Inc. | Added | $41.3m505.8k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $223.5m2.7m shares |
| UBS Group AG | Added | $126.3m1.5m shares |
| Twin Tree Management, LP | Added | $115.8m1.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $108.3m1.3m shares |
| D. E. Shaw & Co., Inc. | Reduced | $67.3m825.1k shares |
| Walleye Trading LLC | Reduced | $48.4m593.4k shares |
| NATIONAL BANK OF CANADA /FI/ | New | $43.9m5.4k shares |
| IMC-Chicago, LLC | Reduced | $39.8m487.8k shares |
| PEAK6 LLC | First filing | $31.8m389.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $29.8m365.2k 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 |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-02-05 | 6.7% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
Fell to 5% or below in the last year: VANGUARD PORTFOLIO MANAGEMENT LLC (5.0%, 2026-07-31; now reported by VANGUARD CAPITAL MANAGEMENT LLC), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q4 2024
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 2023 | 0 | — | 4 | $4.9m | $1.2m |
| Q2 2023 | 0 | — | 4 | $6.7m | $6.7m |
| Q3 2023 | 0 | — | 7 | $8.7m | $7.9m |
| Q4 2023 | 0 | — | 6 | $13.7m | $13.7m |
| Q1 2024 | 0 | — | 6 | $6.5m | $6.5m |
| Q2 2024 | 0 | — | 6 | $8.1m | $8.0m |
| Q3 2024 | 0 | — | 5 | $10.1m | $9.2m |
| Q4 2024 | 0 | — | 8 | $50.3m | $47.3m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-12-10 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold | $307.3k3.6k shares |
| 2024-12-10 | Crehan Shane Chief Accounting Officer | Sold | $131.7k1.6k shares |
| 2024-12-05 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $7.0m83.3k shares |
| 2024-12-04 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $7.0m83.3k shares |
| 2024-12-04 | Subotovsky Santiago Director · See footnote | Sold | $16.0k193 shares |
| 2024-11-06 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $6.6m83.3k shares |
| 2024-11-05 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $13.7m178.6k shares |
| 2024-10-29 | Chadwick Jonathan Director | Sold plan | $938.0k12.5k shares |
| 2024-10-22 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $2.6m35.7k shares |
| 2024-10-21 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $2.6m35.7k shares |
| 2024-10-14 | Chadwick Jonathan Director | Sold plan | $854.5k12.5k shares |
| 2024-10-14 | Bawa Aparna Chief Operating Officer · See footnote | Sold plan | $721.5k10.5k shares |
| 2024-10-10 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.5m21.2k shares |
| 2024-10-10 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold | $718.6k10.3k shares |
| 2024-10-10 | Crehan Shane Chief Accounting Officer | Sold | $123.4k1.8k shares |
| 2024-10-09 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $2.5m37.2k shares |
| 2024-10-09 | Steckelberg Kelly Chief Financial Officer · See footnote | Sold | $964.0k14.2k shares |
| 2024-10-09 | Napolitano Janet Director | Sold plan | $310.7k4.5k shares |
| 2024-10-08 | Bawa Aparna Chief Operating Officer · See footnote | Sold | $740.5k10.9k shares |
| 2024-10-08 | Crehan Shane Chief Accounting Officer | Sold plan | $162.8k2.4k shares |
| 2024-10-07 | Crehan Shane Chief Accounting Officer | Sold plan | $171.2k2.5k shares |
| 2024-10-02 | Steckelberg Kelly Chief Financial Officer | Sold plan | $603.4k8.9k 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, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 24.2m $2.0bn | Reduced -97.8k |
| BlackRock, Inc. 0.03% of their portfolio | 17.5m $1.4bn | Added +2.1m |
| FMR LLC 0.06% of their portfolio | 12.7m $1.0bn | Added +282.6k |
| NORGES BANK 0.10% of their portfolio | 9.2m $751.9m | Added +3.2m |
| AQR CAPITAL MANAGEMENT LLC 0.79% of their portfolio | 7.5m $615.2m | Added +373.5k |
| STATE STREET CORP 0.02% of their portfolio | 6.6m $542.4m | Added +538.5k |
| T. Rowe Price Investment Management, Inc. 0.32% of their portfolio | 6.4m $521.1m | Added +1.2m |
| Newlands Management Operations LLC 2.97% of their portfolio | 5.8m $472.2m | Unchanged |
| Pacer Advisors, Inc. 0.86% of their portfolio | 4.8m $391.4m | Reduced -684.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.6m $377.4m | Added +28.7k |
| RENAISSANCE TECHNOLOGIES LLC 0.52% of their portfolio | 4.3m $351.3m | Added +380.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 4.2m $340.6m | Added +87.8k |
| FIL Ltd 0.23% of their portfolio | 3.0m $245.8m | Added +108.1k |
| ACADIAN ASSET MANAGEMENT LLC 0.67% of their portfolio | 2.8m $231.4m | Reduced -681.4k |
| Altshuler Shaham Ltd 5.70% of their portfolio | 2.1m $167.8m | Added +1.5m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.9m $159.1m | Added +508.4k |
| Legal & General Group Plc 0.04% of their portfolio | 1.8m $145.7m | Reduced -79.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.8m $145.2m | Added +63.5k |
| KBC Group NV 0.40% of their portfolio | 1.8m $143.9m | Reduced -43.0k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.7m $135.7m | Added +115.8k |
| FIRST TRUST ADVISORS LP 0.11% of their portfolio | 1.5m $125.1m | Added +37.3k |
| MORGAN STANLEY 0.01% of their portfolio | 1.4m $118.0m | Reduced -515.4k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $111.6m | Added +69.6k |
| California Public Employees Retirement System 0.07% of their portfolio | 1.3m $102.5m | Added +3.5k |
| Robeco Institutional Asset Management B.V. 0.19% of their portfolio | 1.3m $102.3m | Reduced -4.7k |
| Assenagon Asset Management S.A. 0.18% of their portfolio | 1.3m $102.1m | Added +699.6k |
| Caisse de depot et placement du Quebec 0.21% of their portfolio | 1.2m $101.0m | Reduced -94.9k |
| HSBC HOLDINGS PLC 0.06% of their portfolio | 1.2m $99.5m | Added +534.1k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 1.2m $99.5m | First filing |
| PRIMECAP MANAGEMENT CO/CA/ 0.08% of their portfolio | 1.2m $98.1m | Reduced -86.9k |
| UBS Group AG 0.02% of their portfolio | 1.2m $97.5m | Added +588.2k |
| Comprehensive Financial Management LLC 2.63% of their portfolio | 1.2m $95.6m | Unchanged |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.1m $89.5m | Reduced -8.8k |
| Alyeska Investment Group, L.P. 0.33% of their portfolio | 1.1m $88.6m | Added +31.1k |
| TWO SIGMA ADVISERS, LP 0.20% of their portfolio | 1.1m $87.5m | Reduced -376.9k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.1m $87.2m | Added +188.3k |
| Allianz Asset Management GmbH 0.12% of their portfolio | 1.0m $83.9m | Added +155.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 998.7k $81.5m | Added +780.4k |
| D. E. Shaw & Co., Inc. 0.09% of their portfolio | 980.5k $80.0m | Reduced -132.3k |
| Amundi 0.03% of their portfolio | 926.2k $74.0m | Reduced -493.0k |
| Contrarius Group Holdings Ltd 4.46% of their portfolio | 892.7k $72.9m | First filing |
| TWO SIGMA INVESTMENTS, LP 0.16% of their portfolio | 878.0k $71.7m | Reduced -678.1k |
| LSV ASSET MANAGEMENT 0.16% of their portfolio | 849.6k $69.3m | Reduced -121.0k |
| Qube Research & Technologies Ltd 0.11% of their portfolio | 799.9k $65.3m | Reduced -925.4k |
| NORDEA INVESTMENT MANAGEMENT AB 0.07% of their portfolio | 779.1k $64.1m | Added +521.8k |
| FEDERATED HERMES, INC. 0.13% of their portfolio | 710.7k $58.0m | Added +23.5k |
| Retirement Systems of Alabama 0.21% of their portfolio | 704.2k $57.5m | Reduced -199.6k |
| Swiss National Bank 0.04% of their portfolio | 703.5k $57.4m | Reduced -39.8k |
| Holocene Advisors, LP 0.18% of their portfolio | 678.4k $55.4m | New |
| Invesco Ltd. 0.01% of their portfolio | 649.3k $53.0m | Added +46.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.05% of their portfolio | 640.2k $52.2m | Added +20.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 623.2k $50.9m | Reduced -230.2k |
| National Pension Service 0.05% of their portfolio | 614.1k $50.1m | Reduced -41.1k |
| Ensign Peak Advisors, Inc 0.09% of their portfolio | 601.7k $49.1m | Reduced -27.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 590.5k $48.2m | Reduced -15.6k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.17% of their portfolio | 590.3k $48.2m | Added +32.7k |
| TD Asset Management Inc 0.04% of their portfolio | 568.9k $46.4m | Added +100.8k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.15% of their portfolio | 558.5k $45.6m | Reduced -57.2k |
| NATIONAL BANK OF CANADA /FI/ 0.06% of their portfolio | 540.2k $44.1m | Added +539.0k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 537.6k $44.6m | Unchanged |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 516.7k $42.2m | Added +12.9k |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 505.0k $41.2m | Reduced -88.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 501.8k $41.0m | Added +235.0k |
| CITADEL ADVISORS LLC 0.04% of their portfolio | 493.1k $40.2m | Added +48.7k |
| Point72 Asset Management, L.P. 0.11% of their portfolio | 476.6k $38.9m | Added +71.9k |
| Junto Capital Management LP 0.73% of their portfolio | 448.2k $36.6m | New |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 428.5k $35.0m | Reduced -736.0k |
| GILDER GAGNON HOWE & CO LLC 0.37% of their portfolio | 421.9k $34.4m | Reduced -7.1k |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 421.5k $34.7m | Added +63.4k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 412.6k $33.7m | Added +80.8k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 407.3k $33.2m | Reduced -62.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 387.1k $31.6m | Added +16.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 375.7k $30.7m | Added +6.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 356.9k $29.1m | Reduced -41.9k |
| CITIGROUP INC 0.03% of their portfolio | 348.3k $28.4m | Reduced -12.1k |
| BARCLAYS PLC 0.01% of their portfolio | 345.4k $28.2m | Added +88.0k |
| Man Group plc 0.08% of their portfolio | 341.0k $27.8m | Added +243.3k |
| KLP KAPITALFORVALTNING AS 0.12% of their portfolio | 322.8k $26.3m | First filing |
| STOREBRAND ASSET MANAGEMENT AS 0.08% of their portfolio | 322.0k $26.3m | Added +52.2k |
| MARTINGALE ASSET MANAGEMENT L P 0.63% of their portfolio | 319.1k $26.0m | Added +16.1k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 313.4k $25.6m | Added +2.3k |
| Andra AP-fonden 0.40% of their portfolio | 307.7k $25.1m | Reduced -5.6k |
| Avory & Company, LLC 13.84% of their portfolio | 302.6k $24.7m | Added +5.8k |
| CANADA LIFE ASSURANCE Co 0.04% of their portfolio | 296.6k $24.2m | Reduced -9.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 296.4k $24.2m | Added +277.4k |
| Invenomic Capital Management LP 1.33% of their portfolio | 289.9k $23.7m | Reduced -321.8k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 285.4k $23.3m | Reduced -4.8k |
| GLENMEDE TRUST CO NA 0.11% of their portfolio | 263.6k $21.5m | Reduced -507 |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 259.2k $21.2m | Added +24.3k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 258.5k $21.1m | Reduced -21.0k |
| Handelsbanken Fonder AB 0.08% of their portfolio | 256.8k $21.0m | Added +89.0k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio | 250.3k $20.4m | First filing |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.34% of their portfolio | 249.3k $20.3m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 243.3k $19.9m | Reduced -39.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 238.6k $19.5m | Reduced -264.5k |
| OSSIAM 0.32% of their portfolio | 230.5k $18.8m | Added +755 |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.04% of their portfolio | 224.7k $18.4m | Reduced -56.1k |
| Quinn Opportunity Partners LLC 1.26% of their portfolio | 215.3k $17.6m | New |
| MACKENZIE FINANCIAL CORP 0.01% of their portfolio | 212.9k $17.3m | Added +177.1k |
| Focus Partners Wealth 0.02% of their portfolio | 212.2k $17.3m | Added +132.3k |