Zebra Technologies Corporation

The full register, from 13F filings

The Register tab above is hand research: a dozen holders, each traced to the filing it came from. This asks the same question of the whole market for the quarter ended 31-mar-2026, where 623 managers reported a position. Broad where the research is deep, and shallow in the ways a 13F always is.

Built from 13F filings, which report US listed, long, US custodied positions only. A register from this source is a floor rather than a level: a holder's true position can be far larger, as BlackRock's ASML stake shows at 1.28m shares in a 13F against 26.3m in its 13G/A. Holdings held through derivatives, outside US custody, or below a manager's reporting obligation do not appear. Where a holder is marked as a family, its total sums several separate filing entities and describes something no single filing describes; the constituent entities and their share counts are listed so the total can be checked. That roll-up can legitimately exceed the family's own Schedule 13G, because a 13G is filed by one legal entity: Vanguard reports Alphabet through ten advisory entities, and The Vanguard Group Inc itself reported zero after its January 2026 disaggregation.

What a reader needs to know to read these numbers

• Company has a SINGLE class of common stock actually outstanding. Class A Common Stock, par value $0.01, is the only class registered under Section 12(b) and the only class the 10-Q and 10-K disclose as outstanding; neither the Q2 2026 10-Q, the Q1 2026 10-Q, nor the FY2025 10-K contains any mention of a Class B Common Stock. Shares outstanding (47,310,660) is taken from the cover page of the 10-Q for the quarter ended 4 Jul 2026 (filed 4 Aug 2026, 'As of July 28, 2026, there were 47,310,660 shares of Class A Common Stock, $.01 par value, outstanding'), the newest cover-page count available as of 20 Aug 2026. The DEF 14A (filed 3 Apr 2026, record date 25 Mar 2026, 48,362,608 shares) and the FY2025 10-K (filed 12 Feb 2026) are both older. share_classes is omitted per the brief's instruction to omit it for a single class; pct_denominator on every register row is implicitly this single class/total company count, since only one class exists.
• Holdings side: searched the FY2025 10-K (filed 12 Feb 2026, period ended 31 Dec 2025), the Q1 2026 10-Q (period 4 Apr 2026, filed 12 May 2026) and the Q2 2026 10-Q (period 4 Jul 2026, filed 4 Aug 2026) for 'equity method', 'equity investment', 'non-marketable', 'privately held', 'joint venture', 'unconsolidated', 'strategic investment', 'minority interest', 'cost method', 'affiliate', 'ownership interest', 'venture capital', 'noncontrolling', 'invested in', 'stake in', 'minority stake', 'equity stake'. The only substantive hit across all three filings is Note 8 Investments (10-K) / Note 6 Investments (10-Q), which discloses a rollforward of a single COMBINED long-term investments balance: 'These investments are primarily in venture capital backed technology companies where the Company's ownership interest is less than 20% and the Company does not have the ability to exercise significant influence.' The balance was $103 million at 31 Dec 2025, $96 million at both 4 Apr 2026 and 4 Jul 2026 (carried in Other long-term assets, marked at fair value through Other income (expense), net). No individual investee within this combined balance is ever named anywhere in the FY2025 10-K or either 2026 10-Q. Per the brief's rule on combined balances (the Nordson precedent), this undisclosed, multi-investee combined balance is NOT assigned to any single holding: it is recorded here in notes and unknowns rather than as a null-valued or invented row.
• One investee IS named and sized, and is included as the sole holdings row: Skild AI. On 27 Mar 2026 (Q1 2026 10-Q, Note 7 Exit and Restructuring Activities) Zebra completed the sale of its robotics automation solutions business to Skild AI for total consideration of $20 million: $9 million upfront cash, a minority ownership stake in Skild AI with a fair value of $9 million at closing, and $2 million held in escrow (released after one year less any claims). Net pre-tax gain on the sale was $5 million. The $9 million fair value at acquisition is included in the $96 million combined long-term investments balance as of 4 Jul 2026, but no Skild AI-specific updated fair value, share count, or ownership percentage is separately disclosed in any filing checked, so shares and pct_of_target on this row are null and the $9 million is dated to the 27 Mar 2026 acquisition rather than presented as a current mark.
• Exhibit 21 to the FY2025 10-K (List of Subsidiaries) was checked for an ownership-percentage column, per the Pentair/Quest Diagnostics/PPG technique in the chunk prompt. It carries none: a plain two-column table of subsidiary legal name and state/country of incorporation (roughly 45 entries, e.g. Zebra Technologies International, LLC; Matrox Electronic Systems Ltd.; Photoneo s.r.o.; Elo Touch Solutions, Inc.), with no joint ventures, no percentage-owned footnotes, and no equity-method affiliates. Treated as a genuine negative (the Labcorp/Darden pattern), not evidence of looking in the wrong place; every named subsidiary here is a wholly owned, consolidated operating entity acquired outright (Matrox Imaging, Photoneo, Elo Touch, Fetch Robotics assets prior to their 2026 disposal), consistent with the brief's exclusion of wholly owned operating subsidiaries.
• Zebra's serial-acquirer pattern (Matrox Imaging 2022, Photoneo 2024, Elo Touch 2025) produces wholly owned, consolidated operating subsidiaries, all excluded from holdings per the brief. The reverse also occurred once: Zebra DIVESTED its robotics automation business (built on the 2021 Fetch Robotics acquisition) to Skild AI in Q1 2026, converting a wholly owned subsidiary into a minority equity stake in the acquirer, which is the one row on the holdings side.
• No SC 13D or SC 13D/A has ever been filed against Zebra on EDGAR (checked the full filing history back to the earliest listed filings). The most recent Schedule 13 activity of any kind is a pair of SC 13G/A amendments filed 13 Feb 2024 (Vanguard-style annual amendment cadence continued into 30 Jan 2026 for Vanguard specifically, see the Vanguard register row) and 7 Feb 2024 (BlackRock, superseded here). No activist or strategic 13D holder exists.
• The 2026 proxy's 5% Beneficial Owners table lists only two names, Vanguard and BlackRock, both sourced to Schedule 13G filings (Vanguard's is fresh, 31 Dec 2025 data filed 30 Jan 2026; BlackRock's is roughly 14 months stale, 31 Dec 2024 data filed 7 Feb 2024). This is NOT the Allegion-style gap: Vanguard is present, and its 13G figure (11.8%) is reasonably close to this file's fresh 13F-derived family figure (13.13%). However the table is thin below the top two: Boston Partners (5.53%), State Street (3.98%) and Invesco (3.73%) are all real, current, above-3.5% holders absent from the proxy table entirely (their Schedule 13G filings, if any, evidently never crossed the 5% disclosure threshold used for that table). All institutional rows in this file were sourced from each filer's own fresh Q2 2026 13F-HR rather than proxy citations.
• Capital Group: checked directly against all eleven Capital Group-affiliated registrants' own Q2 2026 13F filings for CUSIP 989207105 (ZEBRA TECHNOLOGIES CORP), the same eleven-entity roster documented in this project's docs/research-chunk-prompt.md and reused from a prior IDEX research file: Capital World Investors 0001422849, Capital International Investors 0001562230, Capital Research Global Investors 0001422848, Capital International, Inc./CA/ 0000895213, Capital International Ltd /CA/ 0001065350, Capital International Sarl 0001065349 (all six filed 13F-HR with no ZEBRA row), Capital Group Companies, Inc. 0000732812, Capital Group International, Inc. 0000949308, Capital Research & Management Co 0000017283 (all three filed Form 13F-NT, no holdings), Capital Group Investment Management Pte. Ltd. 0001939970 and Capital Group Private Client Services, Inc. 0001857666 (both 13F-HR with no ZEBRA row). None holds Zebra as of 30 Jun 2026. This project's own registers/ZBRA.json snapshot (31 Mar 2026, entity list only) likewise contains no Capital Group entity in its top-40. Recorded as a checked-and-found-nothing negative, not a row, per the Snap-on precedent in the chunk prompt.
• T. Rowe Price Investment Management, Inc. (CIK 0001897612) was checked directly and holds ZERO Zebra shares as of 30 Jun 2026 (its own 738-row Q2 2026 13F-HR information table has no CUSIP 989207105 line); only T. Rowe Price Associates, Inc. (CIK 0000080255) holds, and that combined position (167,971 shares, 0.36%) is the sole T. Rowe Price row in this file.
• Implied-price check: every institutional row implies a per-share price of $256.09 to $263.27 as of 30 Jun 2026. Ten of the eleven institutional rows (Vanguard family, BlackRock, Boston Partners, State Street, Invesco, Alyeska, Victory Capital, T. Rowe Price, and Geode within rounding) cluster tightly around $263.25; two (Nordea $256.09, JPMorgan $256.34) sit about 2.7% lower, internally consistent across their own multi-line totals and treated as ordinary cross-filer valuation-timing noise rather than a units mismatch, which would show up as roughly a 10x or 1000x error rather than 2.7%. No values-in-thousands mismatch on any row (T. Rowe Price's thousands-denominated values were converted before this check, per the brief).
• Self-gate (computed from this final file on disk, chart arithmetic: every row counts at full value because the sole is_aggregate row, Directors and Executive Officers as a Group, has no separate member rows rolled into it and nothing else rolls up): 12 register rows, 22,087,714 total shares, 47,310,660 shares outstanding, 46.69% of the company. This is a few points above the brief's 'roughly 25% to 45%' typical band but well inside the 55% ceiling that would flag a mixed-instrument or double-counted error; the concentration reflects a smaller-cap (47.3 million share), heavily institutionally-owned stock with no dual-class structure to dilute the register base, and is not attributable to any Vanguard/Capital Group double-count (both were swept per the brief and neither shows a duplicate row here).