In a quarterly disclosure with the SEC, Dennis Hong's ShawSpring Partners reported a 16.52% reduction in its stake in cybersecurity firm Zscaler (ZS). The filing, which reflects holdings as of June 30, 2026, showed the firm sold approximately 33,110 shares, reducing its position to 167,310 shares. It's important to note that 13F filings are submitted to the SEC up to 45 days after a quarter ends, so these trades occurred at an unknown time between April and June of this year.
Despite the sale, Zscaler remains a significant position for the investment firm, accounting for 10.18% of its reported portfolio. During the second quarter, Zscaler was active in the market, notably announcing new AI-powered security tools at its Zenith Live 2026 conference. This update from a major investor provides a delayed look into how a significant shareholder adjusted its holdings during that period.