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 ($27.8m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $73.71. Options: 39 managers hold calls ($703.7m notional), 40 hold puts ($741.1m).
Trends to Q1 2025
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 |
| Q1 2025 | 714 |
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 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 |
| Q1 2025 | 358 | 300 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $603.7m | $600.6m | 0.99 |
| Q3 2024 | $839.5m | $728.2m | 0.87 |
| Q4 2024 | $1.5bn | $1.0bn | 0.69 |
| Q1 2025 | $703.7m | $741.1m | 1.05 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +3.5m |
| Balyasny Asset Management L.P. | Added | +1.7m |
| VICTORY CAPITAL MANAGEMENT INC | Added | +765.1k |
| VANGUARD GROUP INC | Added | +624.9k |
| CITADEL ADVISORS LLC | Added | +425.1k |
| Junto Capital Management LP | Added | +420.3k |
| FIL Ltd | Added | +327.6k |
| BANK OF AMERICA CORP /DE/ | Added | +310.2k |
| GOLDMAN SACHS GROUP INC | Added | +306.4k |
| Man Group plc | Added | +292.3k |
Biggest sellers
| FMR LLC | Reduced | -3.2m |
| NORGES BANK | Reduced | -3.0m |
| Pacer Advisors, Inc. | Reduced | -2.8m |
| Alyeska Investment Group, L.P. | Reduced | -986.5k |
| Contrarius Group Holdings Ltd | Sold out | -892.7k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -735.9k |
| Holocene Advisors, LP | Sold out | -678.4k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -673.0k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -538.6k |
| TWO SIGMA ADVISERS, LP | Reduced | -507.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $208.7m2.8m shares |
| CITADEL ADVISORS LLC | Reduced | $84.7m1.1m shares |
| UBS Group AG | Added | $65.9m893.9k shares |
| IMC-Chicago, LLC | Reduced | $41.6m564.5k shares |
| JANE STREET GROUP, LLC | Reduced | $36.1m490.0k shares |
| Walleye Trading LLC | Reduced | $34.4m465.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $28.9m391.6k shares |
| GOLDMAN SACHS GROUP INC | Added | $25.9m351.0k shares |
| Balyasny Asset Management L.P. | Added | $23.2m315.0k shares |
| D. E. Shaw & Co., Inc. | Reduced | $21.3m288.4k shares |
Biggest puts
| UBS Group AG | Added | $139.7m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $93.2m1.3m shares |
| Twin Tree Management, LP | Reduced | $74.0m1.0m shares |
| CITADEL ADVISORS LLC | Reduced | $69.8m946.1k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $56.1m760.6k shares |
| Balyasny Asset Management L.P. | Added | $46.5m630.9k shares |
| Walleye Trading LLC | Reduced | $26.0m352.1k shares |
| JANE STREET GROUP, LLC | Reduced | $24.5m332.7k shares |
| GOLDMAN SACHS GROUP INC | Added | $24.3m329.2k shares |
| IMC-Chicago, LLC | Reduced | $21.6m292.2k 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 Q1 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 |
|---|---|---|---|---|---|
| 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 |
| Q1 2025 | 0 | — | 6 | $50.3m | $46.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-24 | Subotovsky Santiago Director | Sold plan | $192.7k2.5k shares |
| 2025-03-05 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $6.9m91.1k shares |
| 2025-03-04 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $5.7m75.5k shares |
| 2025-02-05 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $7.2m83.3k shares |
| 2025-02-04 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $7.2m83.3k shares |
| 2025-01-15 | Chadwick Jonathan Director | Sold plan | $2.0m25.0k shares |
| 2025-01-14 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $6.6m83.3k shares |
| 2025-01-14 | Bawa Aparna Chief Operating Officer · See footnote | Sold plan | $955.8k12.1k shares |
| 2025-01-13 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $9.3m118.0k shares |
| 2025-01-10 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold | $851.2k10.8k shares |
| 2025-01-10 | Bawa Aparna Chief Operating Officer · See footnote | Sold | $733.2k9.3k shares |
| 2025-01-10 | Crehan Shane Chief Accounting Officer | Sold | $111.1k1.4k shares |
| 2025-01-08 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold | $2.7m33.8k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.03% of their portfolio | 24.8m $1.8bn | Added +624.9k |
| BlackRock, Inc. 0.03% of their portfolio | 17.6m $1.3bn | Added +143.0k |
| FMR LLC 0.04% of their portfolio | 9.5m $700.6m | Reduced -3.2m |
| AQR CAPITAL MANAGEMENT LLC 0.55% of their portfolio | 7.4m $536.5m | Reduced -132.5k |
| STATE STREET CORP 0.02% of their portfolio | 6.8m $500.1m | Added +134.7k |
| T. Rowe Price Investment Management, Inc. 0.31% of their portfolio | 6.4m $473.7m | Added +36.2k |
| NORGES BANK 0.06% of their portfolio | 6.2m $458.1m | Reduced -3.0m |
| Newlands Management Operations LLC 2.89% of their portfolio | 5.8m $426.8m | Unchanged |
| JPMORGAN CHASE & CO 0.03% of their portfolio | 5.5m $404.0m | Added +3.5m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 4.8m $351.9m | Added +147.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.07% of their portfolio | 3.8m $280.1m | Reduced -377.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.41% of their portfolio | 3.6m $267.9m | Reduced -673.0k |
| FIL Ltd 0.23% of their portfolio | 3.3m $246.4m | Added +327.6k |
| ACADIAN ASSET MANAGEMENT LLC 0.56% of their portfolio | 2.7m $197.1m | Reduced -163.4k |
| Altshuler Shaham Ltd 3.68% of their portfolio | 2.1m $151.6m | Reduced -1.2k |
| Pacer Advisors, Inc. 0.35% of their portfolio | 2.0m $147.1m | Reduced -2.8m |
| Legal & General Group Plc 0.04% of their portfolio | 1.9m $137.9m | Added +84.3k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.8m $131.4m | Added +2.2k |
| KBC Group NV 0.40% of their portfolio | 1.8m $129.8m | Reduced -4.2k |
| Balyasny Asset Management L.P. 0.33% of their portfolio | 1.8m $129.7m | Added +1.7m |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.7m $123.9m | Added +16.8k |
| MORGAN STANLEY 0.01% of their portfolio | 1.5m $112.9m | Added +84.3k |
| FIRST TRUST ADVISORS LP 0.09% of their portfolio | 1.4m $104.3m | Reduced -119.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.11% of their portfolio | 1.4m $103.7m | Added +765.1k |
| Caisse de depot et placement du Quebec 0.22% of their portfolio | 1.4m $103.3m | Added +161.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $102.4m | Added +20.4k |
| HSBC HOLDINGS PLC 0.07% of their portfolio | 1.3m $98.1m | Added +111.5k |
| Robeco Institutional Asset Management B.V. 0.19% of their portfolio | 1.3m $96.4m | Added +53.6k |
| UBS Group AG 0.02% of their portfolio | 1.3m $95.6m | Added +100.8k |
| RAYMOND JAMES FINANCIAL INC 0.04% of their portfolio | 1.3m $95.0m | Added +68.7k |
| California Public Employees Retirement System 0.06% of their portfolio | 1.3m $92.9m | Added +3.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.07% of their portfolio | 1.2m $89.7m | Added +216.8k |
| PRIMECAP MANAGEMENT CO/CA/ 0.07% of their portfolio | 1.2m $88.7m | Added +800 |
| Comprehensive Financial Management LLC 2.72% of their portfolio | 1.2m $86.4m | Unchanged |
| Allianz Asset Management GmbH 0.12% of their portfolio | 1.1m $82.1m | Added +83.7k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.1m $77.6m | Reduced -44.8k |
| Assenagon Asset Management S.A. 0.14% of their portfolio | 1.0m $77.3m | Reduced -203.5k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 933.3k $68.9m | Added +310.2k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 918.2k $67.7m | Added +425.1k |
| LSV ASSET MANAGEMENT 0.16% of their portfolio | 906.4k $66.9m | Added +56.9k |
| Junto Capital Management LP 1.47% of their portfolio | 868.5k $64.1m | Added +420.3k |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 843.9k $61.3m | Added +64.8k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 831.8k $61.4m | Reduced -236.1k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 734.9k $54.2m | Added +306.4k |
| Retirement Systems of Alabama 0.21% of their portfolio | 717.1k $52.9m | Added +12.8k |
| Swiss National Bank 0.04% of their portfolio | 703.4k $51.9m | Reduced -100 |
| Invesco Ltd. 0.01% of their portfolio | 682.5k $50.3m | Added +33.2k |
| Amundi 0.02% of their portfolio | 638.3k $46.8m | Reduced -288.0k |
| Man Group plc 0.14% of their portfolio | 633.3k $46.7m | Added +292.3k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.35% of their portfolio | 633.0k $46.7m | First filing |
| FEDERATED HERMES, INC. 0.10% of their portfolio | 627.7k $46.3m | Reduced -83.0k |
| National Pension Service 0.04% of their portfolio | 622.4k $45.9m | Added +8.3k |
| PRUDENTIAL FINANCIAL INC 0.07% of their portfolio | 621.4k $45.8m | Added +116.4k |
| CITIGROUP INC 0.03% of their portfolio | 593.3k $43.8m | Added +245.0k |
| Ensign Peak Advisors, Inc 0.08% of their portfolio | 591.7k $43.7m | Reduced -10.0k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 585.0k $43.2m | Reduced -214.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 584.8k $43.1m | Reduced -5.7k |
| TD Asset Management Inc 0.04% of their portfolio | 570.3k $42.1m | Added +1.4k |
| TWO SIGMA ADVISERS, LP 0.09% of their portfolio | 564.2k $41.6m | Reduced -507.6k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.13% of their portfolio | 559.8k $41.3m | Added +1.2k |
| BNP PARIBAS FINANCIAL MARKETS 0.03% of their portfolio | 559.1k $41.2m | First filing |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 555.4k $41.0m | Reduced -425.1k |
| DekaBank Deutsche Girozentrale 0.08% of their portfolio | 529.0k $39.1m | Reduced -8.6k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 523.5k $38.6m | Added +110.9k |
| Nuveen, LLC 0.01% of their portfolio | 510.3k $37.6m | First filing |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 437.6k $32.3m | Added +30.3k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 436.0k $32.2m | Added +60.3k |
| GILDER GAGNON HOWE & CO LLC 0.39% of their portfolio | 407.1k $30.0m | Reduced -14.8k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 392.6k $29.2m | Reduced -29.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 384.6k $28.4m | Reduced -2.5k |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 353.6k $26.1m | Reduced -3.3k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.11% of their portfolio | 349.7k $25.8m | Reduced -240.6k |
| Andra AP-fonden 0.41% of their portfolio | 342.2k $25.2m | Added +34.5k |
| STOREBRAND ASSET MANAGEMENT AS 0.08% of their portfolio | 341.8k $25.2m | Added +19.9k |
| HRT FINANCIAL LP 0.17% of their portfolio | 325.6k $24.0m | Added +250.7k |
| KLP KAPITALFORVALTNING AS 0.12% of their portfolio | 325.0k $24.0m | Added +2.2k |
| Twin Tree Management, LP 0.52% of their portfolio | 321.0k $23.7m | Added +227.4k |
| Quantinno Capital Management LP 0.15% of their portfolio | 320.0k $23.6m | Added +165.1k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.06% of their portfolio | 312.4k $23.0m | Added +16.1k |
| KETTLE HILL CAPITAL MANAGEMENT, LLC 6.24% of their portfolio | 308.2k $22.7m | Added +234.7k |
| RHUMBLINE ADVISERS 0.02% of their portfolio | 303.3k $22.4m | Reduced -10.1k |
| Avory & Company, LLC 14.42% of their portfolio | 295.8k $21.8m | Reduced -6.8k |
| NAN FUNG TRINITY (HK) LTD 3.34% of their portfolio | 285.7k $21.1m | New |
| BARCLAYS PLC 0.01% of their portfolio | 281.6k $20.8m | Reduced -63.8k |
| MARTINGALE ASSET MANAGEMENT L P 0.52% of their portfolio | 277.4k $20.5m | Reduced -41.7k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.34% of their portfolio | 275.5k $20.3m | Added +26.2k |
| Freestone Grove Partners LP 0.21% of their portfolio | 270.4k $19.9m | New |
| JANE STREET GROUP, LLC 0.04% of their portfolio | 268.7k $19.8m | Added +219.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 264.1k $19.5m | Added +4.9k |
| GLENMEDE TRUST CO NA 0.10% of their portfolio | 258.6k $19.1m | Reduced -4.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.04% of their portfolio | 255.2k $18.8m | Reduced -3.3k |
| Handelsbanken Fonder AB 0.08% of their portfolio | 253.7k $18.7m | Reduced -3.2k |
| PANAGORA ASSET MANAGEMENT INC 0.09% of their portfolio | 253.0k $18.7m | Added +248.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.03% of their portfolio | 252.2k $18.6m | Added +8.9k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.04% of their portfolio | 251.3k $18.5m | Added +1.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 240.4k $17.7m | Added +52.2k |
| Aberdeen Group plc 0.03% of their portfolio | 229.9k $17.0m | Added +153.3k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio | 228.3k $16.8m | Added +154.0k |
| Alta Park Capital, LP 3.27% of their portfolio | 228.3k $16.8m | New |
| CANADA LIFE ASSURANCE Co 0.03% of their portfolio | 227.7k $16.8m | Reduced -69.0k |