Zscaler, Inc.
US ˙ NasdaqGS ˙ US98980G1022

SecurityZS / Zscaler, Inc.
InstitutionCwm, Llc
Latest Disclosed Ownership10,526 shares
Latest Disclosed Value $ 1,476,740
Cwm, Llc reports 64.32% decrease in ownership of ZS / Zscaler, Inc.

On May 14, 2026 - Cwm, Llc filed a 13F-HR form disclosing ownership of 10,526 shares of Zscaler, Inc. (US:ZS) valued at $1,476,693 USD as of March 31, 2026. The entity filed a previous 13F-HR on January 26, 2026 disclosing 29,497 shares of Zscaler, Inc.. This represents a change in shares of -64.32% during the quarter. The current value of the position is $1,414,379 USD.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-14 2026-03-31 13F ZSCALER COM 98980G102 10,526 -18,971 -64.32 1,477 24,500.00 0.0039
2026-01-26 2025-12-31 13F ZSCALER COM 98980G102 29,497 -26,649 -47.46 7 -62.50 0.0180
2025-10-15 2025-09-30 13F ZSCALER COM 98980G102 56,146 31,564 128.40 17 128.57 0.0506
2025-07-25 2025-06-30 13F ZSCALER COM 98980G102 24,582 2,308 10.36 8 75.00 0.0272
2025-05-01 2025-03-31 13F ZSCALER COM 98980G102 22,274 3,679 19.78 4 33.33 0.0176
2025-02-04 2024-12-31 13F ZSCALER COM 98980G102 18,595 13,033 234.32 3 0.0139
2024-10-08 2024-09-30 13F ZSCALER COM 98980G102 5,562 2,879 107.31 1 0.0041
2024-07-10 2024-06-30 13F ZSCALER COM 98980G102 2,683 844 45.89 1 0.0024
2024-04-05 2024-03-31 13F ZSCALER COM 98980G102 1,839 679 58.53 0 0.0017
2024-02-01 2023-12-31 13F ZSCALER COM 98980G102 1,160 523 82.10 0 0.0014
2023-10-11 2023-09-30 13F ZSCALER COM 98980G102 637 77 13.75 0 0.0006
2023-08-03 2023-06-30 13F ZSCALER COM 98980G102 560 -460 -45.10 0 0.0005
2023-05-01 2023-03-31 13F ZSCALER COM 98980G102 1,020 125 13.97 0 0.0008
2023-02-01 2022-12-31 13F ZSCALER COM 98980G102 895 -44 -4.69 0 -100.00 0.0007
2022-10-27 2022-09-30 13F ZSCALER COM 98980G102 939 285 43.58 154 57.14 0.0012
2022-07-28 2022-06-30 13F ZSCALER COM 98980G102 654 55 9.18 98 -32.41 0.0008
2022-04-21 2022-03-31 13F ZSCALER COM 98980G102 599 75 14.31 145 -14.20 0.0010
2022-01-31 2021-12-31 13F ZSCALER COM 98980G102 524 377 256.46 169 428.13 0.0012
2021-09-15 2021-06-30 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-07-29 2021-06-30 13F ZSCALER COM 98980G102 147 0 32 0.0003
2021-09-15 2021-03-31 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-04-27 2021-03-31 13F ZSCALER COM 98980G102 9 -138 2 0.0000
2021-09-15 2020-12-31 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-01-27 2020-12-31 13F ZSCALER COM 98980G102 10 -137 2 0.0000
2021-09-15 2020-09-30 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2020-10-19 2020-09-30 13F ZSCALER COM 98980G102 2 -145 0
2021-09-15 2020-06-30 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-09-15 2020-03-31 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-09-14 2019-12-31 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-09-14 2019-09-30 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-09-14 2019-06-30 13F/A-1 ZSCALER COM 98980G102 147 0 0.00 32 0.00 0.0003
2021-09-02 2019-03-31 13F/A-1 ZSCALER COM 98980G102 147 147 32 0.0003
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.