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 ($122.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $86.23. Options: 49 managers hold calls ($1.2bn notional), 36 hold puts ($841.7m).
Trends to Q2 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 |
| Q2 2026 | 869 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| 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 |
| Q2 2026 | 468 | 370 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $755.4m | $831.6m | 1.10 |
| Q4 2025 | $990.7m | $834.3m | 0.84 |
| Q1 2026 | $934.1m | $566.2m | 0.61 |
| Q2 2026 | $1.2bn | $841.7m | 0.69 |
Biggest buyers
| D. E. Shaw & Co., Inc. | Added | +2.0m |
| Qube Research & Technologies Ltd | Added | +1.9m |
| Rubric Capital Management LP | Added | +1.8m |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +883.5k |
| Assenagon Asset Management S.A. | Added | +769.6k |
| FIL Ltd | Added | +688.7k |
| GOLDMAN SACHS GROUP INC | Added | +593.8k |
| Point72 Asset Management, L.P. | Added | +580.4k |
| Balyasny Asset Management L.P. | Added | +547.3k |
| MARSHALL WACE, LLP | Added | +537.8k |
Biggest sellers
| CITADEL ADVISORS LLC | Reduced | -3.6m |
| Robeco Institutional Asset Management B.V. | Reduced | -1.9m |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -1.8m |
| Atreides Management, LP | Sold out | -1.3m |
| Alyeska Investment Group, L.P. | Reduced | -1.1m |
| VICTORY CAPITAL MANAGEMENT INC | Reduced | -831.4k |
| WORLDQUANT MILLENNIUM ADVISORS LLC | Reduced | -636.1k |
| Junto Capital Management LP | Sold out | -532.8k |
| Pacer Advisors, Inc. | Reduced | -528.9k |
| JPMORGAN CHASE & CO | Reduced | -514.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $263.6m3.1m shares |
| Value Aligned Research Advisors, LLC | Added | $224.5m2.6m shares |
| JANE STREET GROUP, LLC | Added | $141.0m1.6m shares |
| CITADEL ADVISORS LLC | Added | $126.1m1.5m shares |
| IMC-Chicago, LLC | Added | $98.9m1.1m shares |
| UBS Group AG | Reduced | $52.9m612.5k shares |
| Optiver Holding B.V. | Added | $45.5m527.4k shares |
| BlackRock, Inc. | New | $37.9m438.6k shares |
| Point72 Asset Management, L.P. | Added | $27.1m314.0k shares |
| SIMPLEX TRADING, LLC | Added | $24.7m286.7k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $168.7m2.0m shares |
| CITADEL ADVISORS LLC | Added | $127.6m1.5m shares |
| JANE STREET GROUP, LLC | Added | $120.4m1.4m shares |
| IMC-Chicago, LLC | Added | $75.3m873.0k shares |
| Optiver Holding B.V. | Added | $70.6m817.6k shares |
| UBS Group AG | Added | $65.0m753.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $45.3m5.3k shares |
| JPMORGAN CHASE & CO | Added | $30.4m353.4k shares |
| Walleye Trading LLC | Added | $15.1m174.6k shares |
| BARCLAYS PLC | Reduced | $13.8m159.6k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 0 | — | 5 | $16.5m | $16.5m |
| Q3 2026 | 0 | — | 5 | $13.0m | $13.0m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-10 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold plan | $248.1k2.6k shares |
| 2026-09-08 | Subotovsky Santiago Director | Sold plan | $254.8k2.6k shares |
| 2026-09-02 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.2m12.1k shares |
| 2026-09-01 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.2m12.1k shares |
| 2026-08-06 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.2m12.1k shares |
| 2026-08-05 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.2m12.1k shares |
| 2026-08-04 | Subotovsky Santiago Director | Sold plan | $801.7k7.9k shares |
| 2026-07-15 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold plan | $703.1k7.6k shares |
| 2026-07-14 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.1m12.1k shares |
| 2026-07-14 | McMaster Herbert Raymond Director | Sold plan | $4445 shares |
| 2026-07-13 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $4.2m45.7k shares |
| 2026-07-10 | Chang Michelle Chief Financial Officer | Sold plan | $770.8k8.5k shares |
| 2026-07-01 | Subotovsky Santiago Director | Sold plan | $237.7k2.6k shares |
| 2026-06-15 | Chang Michelle Chief Financial Officer | Sold plan | $30.7k327 shares |
| 2026-06-03 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.3m12.1k shares |
| 2026-06-02 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.4m12.1k shares |
| 2026-06-01 | Subotovsky Santiago Director | Sold plan | $579.0k5.3k shares |
| 2026-05-05 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.3m12.1k shares |
| 2026-05-04 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.3m12.1k shares |
| 2026-05-04 | Subotovsky Santiago Director | Sold plan | $562.1k5.3k shares |
| 2026-05-01 | Subotovsky Santiago Director | Sold plan | $271.9k2.6k shares |
| 2026-04-17 | Bawa Aparna Chief Operating Officer · See footnote | Sold plan | $1.1m12.9k shares |
| 2026-04-16 | Subotovsky Santiago Director | Sold plan | $230.8k2.6k shares |
| 2026-04-16 | Subotovsky Santiago Director | Sold plan | $208.5k2.4k shares |
| 2026-04-15 | Sankarlingam Velchamy Pres. of Engineering & Product | Sold plan | $653.2k7.6k shares |
| 2026-04-14 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $1.3m15.3k shares |
| 2026-04-13 | Yuan Eric S. Chief Executive Officer, director · See footnote | Sold plan | $5.7m69.9k shares |
| 2026-04-10 | Chang Michelle Chief Financial Officer | Sold plan | $690.3k8.5k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 18.0m $1.6bn | Added +239.7k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.05% of their portfolio | 13.1m $1.1bn | Reduced -293.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 11.5m $996.2m | Added +51.4k |
| JPMORGAN CHASE & CO 0.04% of their portfolio | 8.6m $737.5m | Reduced -514.1k |
| NORGES BANK 0.07% of their portfolio | 8.0m $687.9m | Not comparable |
| STATE STREET CORP 0.02% of their portfolio | 7.6m $652.7m | Reduced -266.1k |
| FMR LLC 0.03% of their portfolio | 7.2m $621.3m | Reduced -462.0k |
| AQR CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 6.5m $563.4m | Reduced -1.8m |
| GEODE CAPITAL MANAGEMENT, LLC 0.03% of their portfolio | 6.2m $534.2m | Added +883.5k |
| ACADIAN ASSET MANAGEMENT LLC 0.41% of their portfolio | 4.0m $345.5m | Added +65.5k |
| T. Rowe Price Investment Management, Inc. 0.21% of their portfolio | 3.8m $323.9m | Reduced -428.6k |
| FIL Ltd 0.22% of their portfolio | 3.5m $302.9m | Added +688.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.11% of their portfolio | 2.9m $247.1m | Added +263.4k |
| Rubric Capital Management LP 2.19% of their portfolio | 2.8m $238.7m | Added +1.8m |
| D. E. Shaw & Co., Inc. 0.15% of their portfolio | 2.7m $236.2m | Added +2.0m |
| Qube Research & Technologies Ltd 0.24% of their portfolio | 2.5m $217.5m | Added +1.9m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.5m $214.5m | Added +133.5k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 2.4m $207.8m | Reduced -248.1k |
| RENAISSANCE TECHNOLOGIES LLC 0.28% of their portfolio | 2.4m $205.5m | Reduced -78.1k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 2.3m $198.9m | Added +536.8k |
| GOLDMAN SACHS GROUP INC 0.02% of their portfolio | 2.2m $189.5m | Added +593.8k |
| Legal & General Group Plc 0.04% of their portfolio | 2.2m $188.8m | Added +164.0k |
| Pacer Advisors, Inc. 0.46% of their portfolio | 2.1m $178.4m | Reduced -528.9k |
| Alyeska Investment Group, L.P. 0.45% of their portfolio | 2.0m $174.2m | Reduced -1.1m |
| Allianz Asset Management GmbH 0.16% of their portfolio | 2.0m $158.9m | Reduced -22.3k |
| Caisse de depot et placement du Quebec 0.21% of their portfolio | 1.7m $148.3m | Reduced -230.3k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 1.7m $146.9m | Reduced -77.8k |
| UBS Group AG 0.02% of their portfolio | 1.7m $145.2m | Added +257.5k |
| VANGUARD FIDUCIARY TRUST CO 0.03% of their portfolio | 1.7m $144.3m | Added +32.9k |
| MORGAN STANLEY 0.01% of their portfolio | 1.6m $138.4m | Added +27.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.6m $137.5m | Added +165.9k |
| VICTORY CAPITAL MANAGEMENT INC 0.07% of their portfolio | 1.5m $131.3m | Reduced -831.4k |
| Bank of New York Mellon Corp 0.02% of their portfolio | 1.5m $126.0m | Added +48.0k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.3m $115.4m | Added +250.0k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 1.3m $113.6m | Reduced -46.3k |
| PRIMECAP MANAGEMENT CO/CA/ 0.06% of their portfolio | 1.2m $107.6m | Reduced -650 |
| Assenagon Asset Management S.A. 0.07% of their portfolio | 1.2m $105.1m | Added +769.6k |
| Point72 Asset Management, L.P. 0.16% of their portfolio | 1.2m $102.5m | Added +580.4k |
| Comprehensive Financial Management LLC 3.32% of their portfolio | 1.2m $101.1m | Unchanged |
| Amundi 0.02% of their portfolio | 1.1m $98.8m | Added +488.3k |
| LSV ASSET MANAGEMENT 0.18% of their portfolio | 1.1m $97.8m | Reduced -46.4k |
| Quantinno Capital Management LP 0.11% of their portfolio | 1.1m $94.9m | Added +61.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 1.1m $92.5m | Added +384.8k |
| PANAGORA ASSET MANAGEMENT INC 0.26% of their portfolio | 997.3k $86.1m | Reduced -144.6k |
| BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.09% of their portfolio | 995.1k $85.9m | Added +507.9k |
| MARSHALL WACE, LLP 0.07% of their portfolio | 965.8k $83.4m | Added +537.8k |
| Invesco Ltd. 0.01% of their portfolio | 924.6k $79.8m | Reduced -112.9k |
| Altshuler Shaham Ltd 0.93% of their portfolio | 861.6k $74.4m | Reduced -49.1k |
| NORDEA INVESTMENT MANAGEMENT AB 0.06% of their portfolio | 861.0k $73.7m | Added +895 |
| KBC Group NV 0.16% of their portfolio | 832.4k $71.8m | Reduced -360.6k |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 800.7k $69.1m | Reduced -1.9m |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 738.4k $63.7m | Reduced -21.5k |
| National Pension Service 0.04% of their portfolio | 703.9k $60.8m | Reduced -8.3k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 689.5k $59.5m | Reduced -35.3k |
| California Public Employees Retirement System 0.03% of their portfolio | 679.9k $58.7m | Reduced -114.3k |
| Swiss National Bank 0.03% of their portfolio | 675.0k $58.3m | Reduced -69.2k |
| SEIZERT CAPITAL PARTNERS, LLC 2.38% of their portfolio | 668.8k $57.7m | Added +88.9k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 657.2k $56.7m | Reduced -3.6m |
| ExodusPoint Capital Management, LP 0.50% of their portfolio | 620.4k $53.5m | Added +466.4k |
| SEI INVESTMENTS CO 0.04% of their portfolio | 588.7k $50.8m | Added +10.2k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 574.2k $49.6m | Added +547.3k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 544.5k $47.0m | Added +91.0k |
| DekaBank Deutsche Girozentrale 0.07% of their portfolio | 537.6k $42.6m | Unchanged |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 526.1k $45.4m | Reduced -25.6k |
| LMR Partners LLP 0.32% of their portfolio | 510.8k $44.1m | Reduced -89.2k |
| BlueCrest Capital Management Ltd 1.88% of their portfolio | 508.9k $43.9m | New |
| VANGUARD ASSET MANAGEMENT, Ltd 0.03% of their portfolio | 504.9k $43.6m | Added +51.3k |
| Retirement Systems of Alabama 0.13% of their portfolio | 493.3k $42.6m | Reduced -265.2k |
| Nuveen, LLC 0.01% of their portfolio | 439.8k $38.0m | Added +16.0k |
| TD Asset Management Inc 0.03% of their portfolio | 428.6k $37.0m | Added +72.6k |
| Empowered Funds, LLC 0.19% of their portfolio | 424.0k $36.6m | Added +118.1k |
| KLP KAPITALFORVALTNING AS 0.12% of their portfolio | 413.6k $35.7m | Added +500 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 400.4k $34.6m | Added +52.9k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 399.8k $34.5m | Reduced -46.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 370.8k $32.0m | Added +3.8k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 359.0k $31.0m | Added +145.8k |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio | 347.0k $29.9m | Reduced -27.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.11% of their portfolio | 346.2k $29.9m | Reduced -190.1k |
| Gotham Asset Management, LLC 0.07% of their portfolio | 342.2k $29.5m | Added +109.5k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.07% of their portfolio | 335.3k $28.9m | Reduced -36.7k |
| JANE STREET GROUP, LLC 0.02% of their portfolio | 330.4k $28.5m | Added +222.9k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.10% of their portfolio | 322.0k $27.8m | Reduced -636.1k |
| Aberdeen Group plc 0.04% of their portfolio | 320.9k $27.7m | Added +63.4k |
| PFA Pension, Forsikringsaktieselskab 0.07% of their portfolio | 315.5k $27.2m | Reduced -78.8k |
| IEQ CAPITAL, LLC 0.13% of their portfolio | 314.6k $27.2m | Reduced -116.4k |
| STOREBRAND ASSET MANAGEMENT AS 0.07% of their portfolio | 308.8k $26.6m | Reduced -56.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 304.1k $24.4m | Added +31.6k |
| BANK OF NOVA SCOTIA 0.04% of their portfolio | 302.7k $26.1m | Added +279.5k |
| CITIGROUP INC 0.01% of their portfolio | 287.6k $24.8m | Added +24.0k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 284.7k $24.6m | Reduced -73.9k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 284.0k $24.5m | Added +12.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 282.4k $24.4m | Added +15.6k |
| CSM Advisors, LLC 0.52% of their portfolio | 281.1k $24.3m | Added +50.0k |
| Evergreen Quality Fund GP, Ltd. 0.39% of their portfolio | 280.7k $24.2m | New |
| Man Group plc 0.04% of their portfolio | 276.3k $23.9m | Added +63.9k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 273.6k $23.6m | Reduced -379.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 260.4k $22.5m | Reduced -119.7k |
| Achmea Investment Management B.V. 0.56% of their portfolio | 258.0k $22.3m | Reduced -36.5k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 257.9k $22.3m | Added +29.2k |
| Treasurer of the State of North Carolina 0.06% of their portfolio | 257.9k $22.3m | Reduced -21.1k |