Zions Bancorporation, National Association: which funds bought and sold

Institutions that bought and sold Zions Bancorporation shares in Q2 2026, from the holdings they reported to the SEC on Form 13F for March 31, 2026 and June 30, 2026.

Between March 31, 2026 and June 30, 2026, 325 institutions that filed 13F reports for both quarters added to or opened positions in Zions Bancorporation, and 198 cut or closed them. Together they added a net 4.8M shares, +4.1% on what they held at the start of the quarter. Active managers and hedge funds on our list were net buyers of 1.7M shares (+5.8%); index fund managers were net buyers of 515K shares (+1.2%). 71 opened a new position and 38 sold out entirely.

Bought, Q2 2026 325 institutions, 71 of them new holders Sold, Q2 2026 198 institutions, 38 of them sold out

Net change, all compared +4.8M shares (+4.1%)

Net change, active managers +1.7M shares (+5.8%), 34 bought, 30 sold

Buyers versus sellers

institutions compared, 624

325 bought 101 198 sold

Active managers and hedge funds 34 bought · 30 sold · +1.7M

Index fund managers 8 bought · 4 sold · +515K

Other institutions 283 bought · 164 sold · +2.6M

Biggest buyers

by change in shares held

Biggest buyers
Institution	Change in shares	Shares June 30, 2026	Value
Azora Capital LP Hedge fund	+755K New position	755K	$52.2M
Deutsche Bank Ag\	+753K +264.3%	1.0M	$71.8M
Two Sigma Investments, LP Hedge fund	+609K +27.9%	2.8M	$193M
Walleye Capital LLC Hedge fund	+581K +144851.9%	581K	$40.2M
Mackenzie Financial Corp	+502K +40.5%	1.7M	$120M
Acadian Asset Management LLC Active manager	+485K +673.3%	557K	$38.5M
UBS Group AG	+477K +139.6%	818K	$56.6M
FMR LLC Active manager	+400K +42.5%	1.3M	$92.8M
Quantinno Capital Management LP	+354K +28.5%	1.6M	$110M
Millennium Management LLC Hedge fund	+347K +44.0%	1.1M	$78.6M
AQR Capital Management LLC Hedge fund	+335K +14.9%	2.6M	$178M
Summittx Capital, L.P.	+304K +2469.8%	316K	$21.9M
Vanguard Portfolio Management LLC Index funds	+252K +2.3%	11.1M	$769M
HRT Financial LP	+236K +96.5%	481K	$33.3M
Arrowstreet Capital, Limited Partnership Hedge fund	+227K +15.4%	1.7M	$118M
Blackrock, Inc. Index funds	+176K +1.3%	14.2M	$982M
Dimensional Fund Advisors LP	+167K +2.2%	7.6M	$529M
Sei Investments Co	+163K +41.2%	560K	$38.8M
Cambridge Investment Research Advisors, Inc.	+153K +102.3%	303K	$21M
Amundi	+152K +415.2%	189K	$13.1M

Biggest buyers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Azora Capital LP Hedge fund	+755K New position	755K	$52.2M
Two Sigma Investments, LP Hedge fund	+609K +27.9%	2.8M	$193M
Walleye Capital LLC Hedge fund	+581K +144851.9%	581K	$40.2M
Acadian Asset Management LLC Active manager	+485K +673.3%	557K	$38.5M
FMR LLC Active manager	+400K +42.5%	1.3M	$92.8M
Millennium Management LLC Hedge fund	+347K +44.0%	1.1M	$78.6M
AQR Capital Management LLC Hedge fund	+335K +14.9%	2.6M	$178M
Arrowstreet Capital, Limited Partnership Hedge fund	+227K +15.4%	1.7M	$118M
Man Group PLC Hedge fund	+134K +194.8%	202K	$14M
Exoduspoint Capital Management, LP Hedge fund	+110K New position	110K	$7.6M

Biggest sellers

by change in shares held

Biggest sellers
Institution	Change in shares	Shares June 30, 2026	Value
Balyasny Asset Management L.P. Hedge fund	−631K −44.3%	792K	$54.8M
Algebris (UK) Ltd	−618K Sold out	0	—
Wellington Management Group LLP Active manager	−355K −25.2%	1.1M	$72.8M
Freestone Grove Partners LP Hedge fund	−299K −28.7%	741K	$51.3M
Squarepoint Ops LLC Hedge fund	−268K Sold out	0	—
Assenagon Asset Management S.A.	−207K −91.9%	18K	$1.3M
Fiduciary Management Inc Active manager	−197K −7.1%	2.6M	$179M
Goldman Sachs Group Inc	−196K −10.1%	1.7M	$121M
Kettle Hill Capital Management, LLC	−191K Sold out	0	—
Adage Capital Partners Gp, L.L.C. Hedge fund	−174K −22.2%	609K	$42.1M
Jane Street Group, LLC	−156K −93.3%	11K	$772,991
Caisse De Depot Et Placement Du Quebec	−147K −85.7%	25K	$1.7M
Point72 Asset Management, L.P. Hedge fund	−135K −26.5%	373K	$25.8M
Bridgewater Associates, LP Hedge fund	−133K −18.4%	591K	$40.9M
Voloridge Investment Management, LLC Hedge fund	−130K −57.2%	98K	$6.8M
Barclays PLC	−126K −35.5%	228K	$15.8M
Engineers Gate Manager LP Hedge fund	−104K −91.8%	9,303	$643,675
Bw Gestao De Investimentos Ltda.	−91K −34.4%	174K	$12M
Edgestream Partners, L.P. Hedge fund	−91K −45.5%	109K	$7.5M
Holocene Advisors, LP Hedge fund	−87K Sold out	0	—

Biggest sellers, active managers and hedge funds
Institution	Change in shares	Shares June 30, 2026	Value
Balyasny Asset Management L.P. Hedge fund	−631K −44.3%	792K	$54.8M
Wellington Management Group LLP Active manager	−355K −25.2%	1.1M	$72.8M
Freestone Grove Partners LP Hedge fund	−299K −28.7%	741K	$51.3M
Squarepoint Ops LLC Hedge fund	−268K Sold out	0	—
Fiduciary Management Inc Active manager	−197K −7.1%	2.6M	$179M
Adage Capital Partners Gp, L.L.C. Hedge fund	−174K −22.2%	609K	$42.1M
Point72 Asset Management, L.P. Hedge fund	−135K −26.5%	373K	$25.8M
Bridgewater Associates, LP Hedge fund	−133K −18.4%	591K	$40.9M
Voloridge Investment Management, LLC Hedge fund	−130K −57.2%	98K	$6.8M
Engineers Gate Manager LP Hedge fund	−104K −91.8%	9,303	$643,675

New positions

largest by value

Institution	Shares	Value June 30, 2026
Azora Capital LPHedge fund	755K	$52.2M
Exoduspoint Capital Management, LPHedge fund	110K	$7.6M
Panagora Asset Management IncActive manager	106K	$7.3M
Convergence Investment Partners, LLC	71K	$4.9M
Parallax Volatility Advisers, L.P.	54K	$3.8M
Xtx Topco Ltd	40K	$2.8M
CIBC Bancorp Usa Inc.	31K	$2.1M
Picton Mahoney Asset Management	25K	$1.7M
Polymer Capital Management (US) LLC	22K	$1.5M
Temasek Holdings (Private) Ltd	20K	$1.4M

Sold out

largest by value

Institution	Shares	Value March 31, 2026
Algebris (UK) Ltd	618K	$35.5M
Squarepoint Ops LLCHedge fund	268K	$15.5M
Kettle Hill Capital Management, LLC	191K	$11M
Holocene Advisors, LPHedge fund	87K	$5M
Readystate Asset Management LP	44K	$2.5M
Tweedy, Browne Co LLCActive manager	38K	$2.2M
Commonwealth Of Pennsylvania Public School Empls Retrmt Sys	37K	$2.1M
Qsemble Capital Management, LP	33K	$1.9M
Peak6 LLC	31K	$1.8M
Aster Capital Management (Difc) Ltd	35K	$1.7M

Who holds the shares

13F holdings at June 30, 2026

Institutions reporting: 595
Ten largest holders: 49.9%
Index fund managers: 36.8%
Active managers and hedge funds: 24.8%

Buying and selling by type of institution, March 31, 2026 to June 30, 2026
Type	Bought	Sold	New	Sold out	Net change in shares	Net %
Active managers and hedge funds	34	30	7	3	+1.7M	+5.8%
Index fund managers	8	4	0	0	+515K	+1.2%
Other institutions	283	164	64	35	+2.6M	+6.2%

Active managers and hedge funds: a list we maintain of about 400 well-known stock-picking firms and hedge funds, matched by SEC registration number (CIK) and checked against the filer names each quarter. Index fund managers: the large index houses, such as BlackRock, Vanguard, State Street, Geode and Northern Trust. Every other filer (banks, brokers, wealth managers, pension funds, insurers and firms not on the list) counts as another institution. A firm that files under several SEC registrations appears once for each.

What these filings can and cannot tell you

Form 13F lists the long positions in US-listed shares held by investment managers with more than $100 million in such holdings. Managers file it up to 45 days after each quarter ends, so this page shows what funds held at the end of each quarter, not what they are doing now: a position may have changed since. Short positions, most derivatives and smaller managers are not included, and a cut can mean a fund lost clients or rebalanced rather than a view on Zions Bancorporation.

Only managers that filed a holdings report for both quarters are compared (624 here). 21 other holders are left out: first-time or late filers, firms that changed their SEC registration, and filings that withheld positions under confidential treatment, any of which would otherwise look like a new position or a sale. Figures are as reported by each manager in the SEC's quarterly 13F data sets; option positions are excluded.

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