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 ($135.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.26. Options: 44 managers hold calls ($934.1m notional), 33 hold puts ($566.2m).
Trends to Q1 2026
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 |
| Q2 2025 | 721 |
| Q3 2025 | 754 |
| Q4 2025 | 823 |
| Q1 2026 | 818 |
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 | 306 | 324 |
| Q3 2024 | 338 | 281 |
| Q4 2024 | 323 | 298 |
| Q1 2025 | 358 | 300 |
| Q2 2025 | 383 | 295 |
| Q3 2025 | 387 | 307 |
| Q4 2025 | 421 | 291 |
| Q1 2026 | 383 | 412 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $685.1m | $665.8m | 0.97 |
| Q3 2025 | $755.4m | $831.6m | 1.10 |
| Q4 2025 | $990.7m | $834.3m | 0.84 |
| Q1 2026 | $934.1m | $566.2m | 0.61 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +4.3m |
| CITADEL ADVISORS LLC | Added | +3.6m |
| Alyeska Investment Group, L.P. | Added | +2.8m |
| Atreides Management, LP | New | +1.3m |
| Rubric Capital Management LP | New | +1.0m |
| GOLDMAN SACHS GROUP INC | Added | +688.5k |
| Point72 Asset Management, L.P. | New | +607.0k |
| BANK OF AMERICA CORP /DE/ | Added | +592.9k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +520.6k |
| SEIZERT CAPITAL PARTNERS, LLC | Added | +493.0k |
Biggest sellers
| FMR LLC | Reduced | -4.1m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -3.8m |
| T. Rowe Price Investment Management, Inc. | Reduced | -3.5m |
| ACADIAN ASSET MANAGEMENT LLC | Reduced | -1.5m |
| Qube Research & Technologies Ltd | Reduced | -1.4m |
| Altshuler Shaham Ltd | Reduced | -1.1m |
| Evergreen Quality Fund GP, Ltd. | Sold out | -1.0m |
| UBS Group AG | Reduced | -785.5k |
| WEDGE CAPITAL MANAGEMENT L L P/NC | Sold out | -710.3k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -619.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $235.4m2.9m shares |
| JANE STREET GROUP, LLC | Added | $96.1m1.2m shares |
| Value Aligned Research Advisors, LLC | New | $88.6m1.1m shares |
| UBS Group AG | Reduced | $68.1m847.1k shares |
| IMC-Chicago, LLC | Added | $65.3m812.7k shares |
| CITADEL ADVISORS LLC | Reduced | $56.5m702.5k shares |
| AIGH Capital Management LLC | Unchanged | $56.3m700.0k shares |
| Optiver Holding B.V. | Added | $35.6m442.3k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $34.6m430.5k shares |
| Hidden Lake Asset Management LP | New | $22.5m280.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $118.4m1.5m shares |
| JANE STREET GROUP, LLC | Added | $81.8m1.0m shares |
| IMC-Chicago, LLC | Added | $65.4m813.1k shares |
| UBS Group AG | Reduced | $59.2m735.9k shares |
| ADAPT Investment Managers SA | New | $40.2m500.0k shares |
| CITADEL ADVISORS LLC | Reduced | $37.7m469.0k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $20.9m260.0k shares |
| BARCLAYS PLC | Added | $18.9m235.6k shares |
| Walleye Trading LLC | Reduced | $13.6m169.7k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $12.9m160.4k 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 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 | — | 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 |
| Q2 2025 | 0 | — | 6 | $7.8m | $7.8m |
| Q3 2025 | 0 | — | 6 | $6.9m | $6.9m |
| Q4 2025 | 0 | — | 5 | $69.8m | $69.8m |
| Q1 2026 | 0 | — | 5 | $10.4m | $10.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-10 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold plan | $202.6k2.6k shares |
| 2026-03-04 | Subotovsky Santiago Director | Sold plan | $191.6k2.5k shares |
| 2026-02-05 | Subotovsky Santiago Director | Sold plan | $223.7k2.5k shares |
| 2026-02-03 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.1m12.1k shares |
| 2026-02-02 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.1m12.1k shares |
| 2026-01-16 | Bawa Aparna Chief Operating Officer · See footnote | Sold plan | $987.5k12.1k shares |
| 2026-01-14 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.0m12.1k shares |
| 2026-01-13 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $4.0m47.4k shares |
| 2026-01-12 | Chang Michelle Chief Financial Officer | Sold plan | $728.4k8.4k shares |
| 2026-01-12 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold plan | $655.0k7.6k shares |
| 2026-01-05 | Subotovsky Santiago Director | Sold plan | $212.9k2.5k 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. 0.03% of their portfolio | 17.8m $1.4bn | Added +453.4k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.06% of their portfolio | 13.4m $1.1bn | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 11.5m $923.7m | First filing |
| JPMORGAN CHASE & CO 0.05% of their portfolio | 9.1m $714.0m | Added +4.3m |
| AQR CAPITAL MANAGEMENT LLC 0.30% of their portfolio | 8.4m $662.1m | Reduced -3.8m |
| STATE STREET CORP 0.02% of their portfolio | 7.8m $629.3m | Added +245.7k |
| FMR LLC 0.03% of their portfolio | 7.7m $615.8m | Reduced -4.1m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 5.3m $425.8m | Added +128.2k |
| CITADEL ADVISORS LLC 0.24% of their portfolio | 4.2m $340.1m | Added +3.6m |
| T. Rowe Price Investment Management, Inc. 0.23% of their portfolio | 4.2m $336.1m | Reduced -3.5m |
| ACADIAN ASSET MANAGEMENT LLC 0.45% of their portfolio | 3.9m $316.5m | Reduced -1.5m |
| Alyeska Investment Group, L.P. 0.71% of their portfolio | 3.1m $252.1m | Added +2.8m |
| FIL Ltd 0.18% of their portfolio | 2.8m $226.8m | Reduced -463.6k |
| Robeco Institutional Asset Management B.V. 0.31% of their portfolio | 2.7m $218.1m | Added +68.1k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.7m $213.5m | Reduced -196.6k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 2.6m $209.0m | Reduced -167.6k |
| Pacer Advisors, Inc. 0.60% of their portfolio | 2.6m $208.7m | Added +253.2k |
| RENAISSANCE TECHNOLOGIES LLC 0.31% of their portfolio | 2.5m $197.7m | Reduced -619.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.12% of their portfolio | 2.4m $189.1m | Added +520.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.4m $189.1m | Added +94.0k |
| Legal & General Group Plc 0.04% of their portfolio | 2.0m $162.6m | Added +6.7k |
| Allianz Asset Management GmbH 0.18% of their portfolio | 2.0m $159.9m | Reduced -123.8k |
| Caisse de depot et placement du Quebec 0.25% of their portfolio | 1.9m $156.6m | Added +73.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.8m $143.1m | Added +33.6k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 1.8m $142.1m | Added +592.9k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.6m $131.8m | First filing |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 1.6m $128.7m | Added +688.5k |
| MORGAN STANLEY 0.01% of their portfolio | 1.6m $126.7m | Reduced -42.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $114.7m | Added +55.5k |
| UBS Group AG 0.02% of their portfolio | 1.4m $114.5m | Reduced -785.5k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.4m $113.5m | Added +435.0k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 1.4m $109.5m | Added +36.7k |
| Atreides Management, LP 2.58% of their portfolio | 1.3m $105.8m | New |
| PRIMECAP MANAGEMENT CO/CA/ 0.08% of their portfolio | 1.2m $100.2m | Reduced -2.8k |
| KBC Group NV 0.24% of their portfolio | 1.2m $95.9m | Added +487.4k |
| LSV ASSET MANAGEMENT 0.20% of their portfolio | 1.2m $94.8m | Added +11.2k |
| Comprehensive Financial Management LLC 3.12% of their portfolio | 1.2m $94.2m | Unchanged |
| PANAGORA ASSET MANAGEMENT INC 0.34% of their portfolio | 1.1m $91.8m | Added +18.1k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.1m $87.4m | Reduced -31.7k |
| Quantinno Capital Management LP 0.14% of their portfolio | 1.0m $83.5m | Reduced -110.0k |
| Invesco Ltd. 0.01% of their portfolio | 1.0m $83.4m | Added +75.9k |
| Rubric Capital Management LP 0.99% of their portfolio | 1.0m $80.5m | New |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.30% of their portfolio | 958.1k $77.0m | Reduced -253.6k |
| Altshuler Shaham Ltd 1.35% of their portfolio | 910.7k $73.2m | Reduced -1.1m |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 860.1k $68.0m | Added +12.5k |
| California Public Employees Retirement System 0.04% of their portfolio | 794.1k $63.8m | Added +302 |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio | 759.9k $61.1m | Added +297.1k |
| Retirement Systems of Alabama 0.20% of their portfolio | 758.5k $61.0m | Added +54.0k |
| Swiss National Bank 0.03% of their portfolio | 744.2k $59.8m | Added +48.5k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 724.8k $57.2m | Reduced -227.3k |
| National Pension Service 0.04% of their portfolio | 712.3k $57.3m | Reduced -20.8k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 705.7k $56.7m | Added +448.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 687.3k $55.2m | Added +141.2k |
| Amundi 0.01% of their portfolio | 656.7k $52.8m | Reduced -288.1k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 652.7k $52.5m | Added +80.1k |
| Point72 Asset Management, L.P. 0.08% of their portfolio | 607.0k $48.8m | New |
| LMR Partners LLP 0.44% of their portfolio | 600.0k $48.2m | Added +120.8k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 598.5k $48.1m | Reduced -1.4m |
| PRUDENTIAL FINANCIAL INC 0.06% of their portfolio | 596.7k $48.0m | Added +384.6k |
| SEIZERT CAPITAL PARTNERS, LLC 2.15% of their portfolio | 579.8k $46.6m | Added +493.0k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 578.4k $46.5m | Added +205.9k |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 551.6k $44.3m | Reduced -3.5k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 537.6k $43.5m | Unchanged |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.18% of their portfolio | 536.2k $43.1m | Reduced -25.5k |
| Junto Capital Management LP 0.91% of their portfolio | 532.8k $42.8m | Added +135.3k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.05% of their portfolio | 487.2k $39.2m | Reduced -142.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 453.6k $36.5m | First filing |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 453.6k $36.2m | Added +8.0k |
| Assenagon Asset Management S.A. 0.06% of their portfolio | 447.6k $36.0m | Reduced -524.9k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 446.8k $35.9m | Reduced -19.7k |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.27% of their portfolio | 446.0k $35.9m | Reduced -305.6k |
| IEQ CAPITAL, LLC 0.16% of their portfolio | 430.9k $34.6m | Reduced -406.6k |
| MARSHALL WACE, LLP 0.04% of their portfolio | 428.0k $34.4m | Added +397.8k |
| Nuveen, LLC 0.01% of their portfolio | 423.9k $34.1m | Added +24.6k |
| KLP KAPITALFORVALTNING AS 0.13% of their portfolio | 413.1k $33.2m | Unchanged |
| PFA Pension, Forsikringsaktieselskab 0.10% of their portfolio | 394.4k $31.7m | Reduced -271 |
| HSBC HOLDINGS PLC 0.02% of their portfolio | 380.0k $30.5m | Reduced -464.9k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 374.2k $30.1m | Reduced -21.9k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.08% of their portfolio | 372.0k $29.9m | Added +44.3k |
| Vinva Investment Management Ltd 0.36% of their portfolio | 370.0k $29.1m | Reduced -234.2k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 366.9k $29.5m | Reduced -8.6k |
| STOREBRAND ASSET MANAGEMENT AS 0.08% of their portfolio | 364.9k $29.3m | Reduced -6.8k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 358.6k $28.8m | Reduced -114.2k |
| BARCLAYS PLC 0.01% of their portfolio | 356.9k $28.7m | Added +92.7k |
| TD Asset Management Inc 0.02% of their portfolio | 356.0k $28.6m | Reduced -43.9k |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.12% of their portfolio | 349.0k $28.1m | Reduced -47.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 347.4k $27.9m | Added +88.4k |
| Arbejdsmarkedets Tillaegspension 0.67% of their portfolio | 333.5k $26.8m | Added +68.0k |
| Ghisallo Capital Management LLC 0.72% of their portfolio | 325.0k $26.1m | New |
| Empowered Funds, LLC 0.16% of their portfolio | 305.8k $24.6m | Added +162.9k |
| Achmea Investment Management B.V. 0.62% of their portfolio | 294.5k $23.7m | Added +34.7k |
| FEDERATED HERMES, INC. 0.04% of their portfolio | 284.3k $22.9m | Added +7.7k |
| Treasurer of the State of North Carolina 0.07% of their portfolio | 279.0k $22.4m | Added +18.5k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 272.5k $23.5m | Reduced -102.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 271.4k $21.8m | Reduced -19.8k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 266.8k $21.5m | Added +10.6k |
| CITIGROUP INC 0.01% of their portfolio | 263.6k $21.2m | Added +38.5k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 260.8k $21.0m | Reduced -337.6k |
| Aberdeen Group plc 0.03% of their portfolio | 257.4k $20.7m | Reduced -5.2k |
| MARTINGALE ASSET MANAGEMENT L P 0.51% of their portfolio | 252.6k $20.3m | Reduced -5.1k |