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479 hedge funds and large institutions have $12.4B invested in Zillow in 2025 Q2 according to their latest regulatory filings, with 56 funds opening new positions, 197 increasing their positions, 154 reducing their positions, and 72 closing their positions.

New
Increased
Maintained
Reduced
Closed

78% more call options, than puts

Call options by funds: $625M | Put options by funds: $351M

28% more repeat investments, than reductions

Existing positions increased: 197 | Existing positions reduced: 154

4% more capital invested

Capital invested by funds: $11.9B → $12.4B (+$458M)

0.83% more ownership

Funds ownership: 95.47%96.3% (+0.83%)

4% less funds holding

Funds holding: 498479 (-19)

12% less funds holding in top 10

Funds holding in top 10: 1715 (-2)

22% less first-time investments, than exits

New positions opened: 56 | Existing positions closed: 72

Holders
479
Holders Change
-19
Holders Change %
-3.82%
% of All Funds
6.31%
Holding in Top 10
15
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-11.76%
% of All Funds
0.2%
New
56
Increased
197
Reduced
154
Closed
72
Calls
$625M
Puts
$351M
Net Calls
+$274M
Net Calls Change
+$4.4M
Name Holding Trade Value Shares
Change
Change in
Stake
PNC Financial Services Group
251
PNC Financial Services Group
Pennsylvania
$552K -$108K -1,605 -17%
Truist Financial
252
Truist Financial
North Carolina
$548K +$58.7K +871 +13%
TVM
253
True Vision MN
Minnesota
$544K +$10.8K +161 +2%
NIM
254
NEOS Investment Management
Connecticut
$531K +$280K +4,149 +121%
AF
255
Avanza Fonder
Sweden
$525K
Group One Trading
256
Group One Trading
Illinois
$520K -$89.9K -1,334 -15%
TRCT
257
Tower Research Capital (TRC)
New York
$517K +$230K +3,415 +86%
CIBC Asset Management
258
CIBC Asset Management
Ontario, Canada
$510K +$3.03K +45 +0.6%
LIP
259
Lighthouse Investment Partners
Florida
$504K +$485K +7,200 New
BF
260
BOK Financial
Oklahoma
$499K -$104K -1,536 -18%
MCM
261
Manchester Capital Management
Vermont
$482K
Principal Financial Group
262
Principal Financial Group
Iowa
$480K -$53.6K -796 -10%
KOC
263
Koss-Olinger Consulting
Florida
$479K -$14.5K -215 -3%
AACA
264
American Assets Capital Advisers
California
$477K
MGCM
265
Mane Global Capital Management
New York
$474K
AC
266
AXQ Capital
New Jersey
$473K +$455K +6,754 New
Jones Financial Companies
267
Jones Financial Companies
Missouri
$461K +$190K +2,821 +74%
PA
268
Pinnacle Associates
New York
$450K -$117K -1,730 -21%
EI
269
Ethic Inc
New York
$448K -$252K -3,734 -37%
OL
270
Optas LLC
Texas
$439K -$400K -5,937 -49%
MWA
271
Moser Wealth Advisors
Washington
$431K
DS
272
DRW Securities
Illinois
$430K +$2.49K +37 +0.6%
BJL
273
Brighton Jones LLC
Washington
$403K +$9.43K +140 +2%
ECM
274
Everence Capital Management
Indiana
$397K -$88.9K -1,320 -19%
EGM
275
Engineers Gate Manager
New York
$391K -$347K -5,154 -48%

Z Hedge Fund Activity: Q2 2025 in Review

479 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in Zillow (Z) for Q2 2025, worth a combined $12.4B — up 3.8% from $11.9B a quarter earlier.

Sellers outnumbered buyers: 72 funds closed out of Z and 56 opened new positions — a net loss of 16 holders — while 154 trimmed existing stakes and 197 added.

The largest buyer was Greencape Capital, adding an estimated $111M. The largest seller was Caledonia Investments (Australia), cutting an estimated $136M.

  • 479 institutional investors held Zillow (Z) as of Q2 2025, down from 498 in Q1 2025.
  • Funds reported $12.4B of Zillow stock for Q2 2025, up 3.8% quarter-over-quarter.
  • 56 funds opened new Zillow positions in Q2 2025 and 72 closed out, a net change of -16 holders.
  • The largest Zillow buyer in Q2 2025 was Greencape Capital, an estimated $111M added.
  • The largest Zillow seller in Q2 2025 was Caledonia Investments (Australia), an estimated $136M sold.

Based on aggregated 13F filings for Q2 2025.