Zebra Technologies

ZBRA • NASDAQ

Zebra Technologies is a communication equipment company in the technology sector on NASDAQ, led by Anders Gustafsson, with a market cap of $13.6B. As of Q3 2025, 93% of shares are held by 740 institutional investors, with VANGUARD GROUP INC as the largest holder at 12.81%.

CEOAnders Gustafsson

Market Cap$13.6B

Communication Equipment

Technology

Employees9.8K

Websitezebra.com

Country

United States of America

Overview

Overview of institutional ownership in ZBRA as of Q3 2025 with a market cap of $15.1B

All Institutions

Institutions: 740
Value Held: $14.0B
Shares Held: 47.3M
Avg Position: $18.9M
Median Position: $811.4K

Hedge Funds

Hedge Funds: 64
Value Held: $1.2B
Shares Held: 4.0M
Avg Position: $18.8M
Median Position: $4.5M

Ownership Breakdown

Institutional (non-HF)

84.63%

$12.8B

Hedge Funds

7.94%

$1.2B

Retail & Other

7.43%

$1.1B

Based on market cap of $15.1B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ZBRA as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$1.9B 0.03% of portfolio	12.81% 6.5M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
B BlackRock, Inc. Institution	-	$1.1B 0.02% of portfolio	7.60% 3.9M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$666.3M 0.02% of portfolio	4.41% 2.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC Long Only Manager	George Robert Aylward CEO	$429.1M 1.05% of portfolio	2.84% 1.4M shares	Q2 2019 Held for 6y 5m	$41.0B
M MACQUARIE GROUP LTD Institution	-	$418.5M 0.50% of portfolio	2.72% 1.4M shares	Q2 2014 Held for 11y 5m	$82.9B
Invesco Ltd. ETF Provider	Brian Christopher Hartigan CEO	$411.6M 0.07% of portfolio	2.72% 1.4M shares	≤ Q2 2013 Held for 12y 5m+	$633.08B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$394.5M 0.03% of portfolio	2.62% 1.3M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$335.9M 0.34% of portfolio	2.22% 1.1M shares	Q3 2023 Held for 2y 2m	$97.8B
ALLIANCEBERNSTEIN L.P. Long Only Manager	Seth Perry Bernstein CEO	$329.1M 0.10% of portfolio	2.18% 1.1M shares	≤ Q2 2013 Held for 12y 5m+	$317.45B
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$301.8M 0.02% of portfolio	2.00% 1.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.56T

Net Capital Flow

Institutional buying and selling activity for ZBRA in Q3 2025

Traded: +$304.7M
Buyers: 360
Sellers: 335
Total Bought: +$1.6B
Total Sold: −$1.3B
Avg Position: $17.2M

Biggest Buyers

Institution	Net Bought	Current Position
NORDEA INVESTMENT MANAGEMENT AB Institution	+$277.5M +945.7K shares	$292.7M 997.5K shares
M MACQUARIE GROUP LTD Institution	+$218.0M +720.7K shares	$418.5M 1.4M shares
D DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Institution	+$169.2M +569.4K shares	$169.2M 569.4K shares
ALLIANCEBERNSTEIN L.P. Long Only Manager	+$97.4M +327.9K shares	$329.1M 1.1M shares
R Rokos Capital Management LLP Hedge Fund•Global Macro	+$61.9M +208.5K shares	$82.2M 276.7K shares
FMR LLC Institution	+$52.4M +176.3K shares	$132.3M 445.3K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$43.1M +145.2K shares	$103.4M 348.0K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$37.6M +126.5K shares	$169.1M 569.2K shares
Pictet Asset Management Holding SA Long Only Manager	+$36.6M +123.0K shares	$116.5M 392.2K shares
BANK OF AMERICA CORP /DE/ Institution	+$30.3M +102.0K shares	$170.3M 573.0K shares

Biggest Sellers

Institution	Net Sold	Current Position
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	−$278.8M −938.2K shares	$63.4M 213.2K shares
A AXA Institution	−$69.8M −226.5K shares	Sold Off 0 shares
SG Capital Management LLC Hedge Fund•Event Driven	−$69.4M −233.6K shares	$10.5M 35.5K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$62.1M −209.0K shares	$57.3M 192.9K shares
B BNP PARIBAS ARBITRAGE, SA Institution	−$49.3M −165.9K shares	$25.8M 86.9K shares
A Amundi Institution	−$36.3M −120.3K shares	$46.2M 152.9K shares
VICTORY CAPITAL MANAGEMENT INC Long Only Manager	−$32.0M −107.7K shares	$252.9M 851.2K shares
D D. E. Shaw & Co., Inc. Institution	−$28.6M −96.4K shares	$21.1M 71.1K shares
PRUDENTIAL FINANCIAL INC Institution	−$28.0M −94.4K shares	$36.8M 123.8K shares
B BlackRock, Inc. Institution	−$27.4M −92.0K shares	$1.1B 3.9M shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ZBRA in Q3 2025

New Positions: 36
New Value: $9.5M
Exited Positions: 71
Exited Value: $198.5M

New Positions

Institution	Position Value
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	$1.8M 6.2K shares
W Whalen Wealth Management Inc. RIA/Wealth	$1.2M 3.9K shares
Vinva Investment Management Ltd Hedge Fund•Quant	$1.0M 3.5K shares
P Prosperity Wealth Management, Inc. RIA/Wealth	$594.3K 2.0K shares
Empirical Asset Management, LLC RIA/Wealth	$557.2K 1.9K shares
B BBK Capital Partners, LLC ETF Provider	$490.9K 1.7K shares
F Farringdon Capital, Ltd. Institution	$443.1K 1.5K shares
Krilogy Financial LLC RIA/Wealth	$423.1K 1.6K shares
P Phoenix Holdings Ltd. Institution	$394.2K 1.3K shares
A Applied Finance Capital Management, LLC Long Only Manager	$308.7K 1.0K shares

Exited Positions

Institution	Previous Position
A AXA Institution	$69.8M 226.5K shares
Symphony Financial, Ltd. Co. RIA/Wealth	$23.3M 75.4K shares
L Laurel Wealth Advisors LLC RIA/Wealth	$14.3M 46.3K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$14.0M 45.4K shares
B BLI - Banque de Luxembourg Investments Institution	$12.0M 38.9K shares
Intrinsic Edge Capital Management LLC Hedge Fund•Multi-Strategy	$11.8M 38.4K shares
Atom Investors LP Hedge Fund•Market Neutral	$6.3M 20.4K shares
Alight Capital Management LP Hedge Fund•Long/Short	$5.7M 18.4K shares
Graham Capital Management, L.P. Hedge Fund•Multi-Strategy	$4.7M 15.4K shares
Prospera Financial Services RIA/Wealth	$3.8M 12.5K shares

Options Activity

Institutions with the largest Call and Put options positions in ZBRA as of Q3 2025

Call Positions: 12
Call Value: $35.9M
Put Positions: 13
Put Value: $20.1M

Call Positions

Institution	Position Value
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$17.8M 600.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.8M 229.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$4.5M 151.0 contracts
J JANE STREET GROUP, LLC Institution	$2.4M 82.0 contracts
W WOLVERINE TRADING, LLC Institution	$2.1M 71.0 contracts
C Cubist Systematic Strategies, LLC Institution	$1.5M 51.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$475.5K 16.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$208.0K 7.0 contracts
Walleye Trading LLC RIA/Wealth	$29.7K 1.0 contracts
UBS Group AG Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$6.5M 219.0 contracts
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$4.5M 150.0 contracts
J JANE STREET GROUP, LLC Institution	$3.4M 115.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.0M 100.0 contracts
W WOLVERINE TRADING, LLC Institution	$950.1K 32.0 contracts
C Cubist Systematic Strategies, LLC Institution	$742.9K 25.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$653.8K 22.0 contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$386.3K 13.0 contracts
Walleye Trading LLC RIA/Wealth	$29.7K 1.0 contracts
HighTower Advisors, LLC RIA/Wealth	$23.2K 8.0 contracts

Most Committed Institutions

Institutions with ZBRA as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
NEW SOUTH CAPITAL MANAGEMENT INC Long Only Manager	David Stephen Morrow President	5.34% $117.1M	0.78% 394.1K shares	≤ Q2 2013 Held for 12y 5m+	$2.2B
W WESTPORT ASSET MANAGEMENT INC Long Only Manager	Andrew John Knuth Chairman	4.28% $10.2M	0.07% 34.3K shares	Q4 2016 Held for 8y 11m	$238.3M
P Palmer Knight Co Institution	-	3.07% $6.5M	0.04% 21.8K shares	Q3 2019 Held for 6y 2m	$211.1M
I ISTHMUS PARTNERS, LLC RIA/Wealth	David A Hackworthy CIO	2.81% $12.6M	0.08% 42.5K shares	Q3 2022 Held for 3y 2m	$448.9M
GOLUB GROUP LLC RIA/Wealth	Colin Matthew Higgins CEO	2.16% $50.5M	0.33% 170.1K shares	Q1 2020 Held for 5y 8m	$2.3B
FENIMORE ASSET MANAGEMENT INC Long Only Manager	Anne B. Putnam CEO	2.12% $105.2M	0.70% 353.9K shares	Q3 2019 Held for 6y 2m	$5.0B
Electron Capital Partners, LLC Hedge Fund•Long/Short	Ran Nmn Zhou Managing Partner	1.89% $41.8M	0.28% 140.7K shares	Q2 2025 Held for 5 months	$2.2B
Heron Bay Capital Management RIA/Wealth	Paul Clark Seizert Managing Partner	1.89% $10.1M	0.07% 34.1K shares	Q4 2020 Held for 4y 11m	$535.8M
Capital Investment Services of America, Inc. RIA/Wealth	Paul Allen Muzzey President	1.61% $17.8M	0.12% 60.0K shares	Q3 2022 Held for 3y 2m	$1.1B
Sessa Capital IM, L.P. Hedge Fund•Long/Short	Jae Hong President	1.56% $61.5M	0.41% 207.0K shares	Q2 2025 Held for 5 months	$3.9B

Hedge Fund Spotlight

Discover hedge funds investing in ZBRA

Quest Partners LLC

Hedge Fund • Quant Macro

Portfolio ManagerNigol (Nmn) Koulajian

Portfolio Value: $1.5B
Positions: 2,240
Last Reported: Q3 2025

Sector Allocation

Position in Zebra Technologies

Market Value: $55.9K
Shares Held: 188.0
Portfolio Weight: 0.00%
Owned Since: 2024-Q1

Top Holding	Sector	Market Value	Weight
1 iShares 7-10 Year Treasury Bond IEF	ETF ETF	$39.0M	2.54%
2 SPDR Portfolio Intermediate Term Treasury SPTI	ETF ETF	$6.5M	0.42%
3 SCHR Schwab Intermediately-Term U.S. Treasury SCHR	ETF ETF	$6.5M	0.42%

View full profile

Zebra Technologies

Overview

All Institutions

Hedge Funds

Ownership Breakdown

Biggest Investors

Net Capital Flow

Biggest Buyers

Biggest Sellers

Entry and Exit Activity

New Positions

Exited Positions

Options Activity

Call Positions

Put Positions

Most Committed Institutions

Hedge Fund Spotlight

Position in Zebra Technologies

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