Top Zoom Shareholders

Zoom Video Communications Inc. (ZM), better known as Zoom, provides video and web conferencing services, as well as voice, chat, and content-sharing services for use across many kinds of devices.

The company was founded in 2011 and saw tremendous growth during the COVID-19 pandemic, as it prompted a large-scale shift toward remote work across many industries globally. As of fiscal year-end 2023, Zoom had more than 213,000 Enterprise customers; a 12% increase from the previous year.

Investor interest in Zoom soared along with the company's surge in profits and revenue. As of April 30, 2023, the company had a trailing 12 month (TTM) revenue of $4.43 billion, a TTM net income of $5.5 million, and as of May 26, 2023, a market capitalization of $19.7 billion.

The top individual insider shareholders of Zoom are Eric. S Yuan, Li Ka-shing, and Santiago Subotovsky. The top institutional shareholders are Vanguard Group, BlackRock, and ARK Investment Management.

Top 3 Individual Insider Shareholders

Eric S. Yuan

Eric S. Yuan owns 22,640,402 shares of Zoom as of Dec. 31, 2022, representing about 13.9% of all outstanding shares. Yuan is the founder and chief executive officer (CEO) of Zoom, which he founded in 2011. Prior to Zoom, Yuan held several executive positions at Cisco, where he was responsible for collaboration software development.

At Cisco, he was also the founding engineer of WebEx, which sells conferencing and videoconferencing services. At WebEx, he helped grow sales to $800 million. Together with his family, Yuan's net worth is $3.3 billion, which is #852 on the Forbes billionaire list.

Li Ka-shing

Li Ka-shing owns 13,558,649 shares of Zoom as of March 17, 2022, representing about 8.4% of all outstanding shares. Li, described as one of Asia's most influential businessmen, is a senior advisor for multinational conglomerate CK Hutchison Holdings and CK Asset Holdings, having formerly served as chair. He was an early investor in Zoom before its shares skyrocketed. His net worth is estimated at $37.3 billion and he is ranked #33 on the Forbes Billionaires list.

Santiago Subotovsky

Santiago Subotovsky owns 173,643 shares of Zoom, or about 0.11% of all outstanding shares. Subotovsky has been a member of Zoom's board of directors since 2014. He is a general partner at venture capital firm Emergence Capital and is the founder of AXG Tecnonexo, an e-learning vendor in Latin America. He has also served on the boards of companies including Airkit, Civitas Learning, CrunchBase, High Alpha, and Openpath.

Top 3 Institutional Shareholders

Vanguard Group

Vanguard Group is the largest institutional shareholder of Zoom, holding 20,338,953 shares as of March 31, 2023, which is 12.5% of the total shares outstanding. Vanguard is an investment management firm that operates numerous mutual funds and exchange-traded funds (ETFs) with a client base that consists of individuals, financial institutions, and retirement plans.

BlackRock

BlackRock is the second-largest institutional holder of Zoom, holding 12,837,056 shares as of March 31, 2023, which is 7.9% of the total shares outstanding. Like Vanguard, BlackRock is one of the largest investment firms in the world, managing many funds for a variety of clients.

ARK Investment Management

ARK Investment Management is the third-largest institutional holder of Zoom, holding 10,867,033 shares as of March 31, 2023, which is 6.7% of the total shares outstanding. ARK is a large investment management firm that manages a number of ETFs. The firm was founded by Cathie Woods.

The Bottom Line

Zoom benefited during the global pandemic as work and social interactions moved over towards video-conference calls. The company's value and profits grew during the time, making it an attractive investment for many institutional holders as well as increasing the net worth of some of its high-ranking employees.