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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
Baird Financial Group
276
Baird Financial Group
Wisconsin
$387K
AFG
277
Atomi Financial Group
New York
$384K -$738K -10,959 -67%
CB
278
Commerce Bank
Missouri
$377K +$270 +4 +0.1%
FFM
279
Forum Financial Management
Illinois
$366K +$75.5K +1,121 +27%
BNP Paribas Asset Management
280
BNP Paribas Asset Management
France
$353K +$3.23K +48 +1%
Envestnet Portfolio Solutions
281
Envestnet Portfolio Solutions
Illinois
$351K +$100K +1,488 +42%
Los Angeles Capital Management
282
Los Angeles Capital Management
California
$346K +$66.8K +991 +25%
CM
283
CastleKnight Management
New York
$343K
XSC
284
X-Square Capital
Puerto Rico
$332K -$135 -2 -0%
BBHC
285
Brown Brothers Harriman & Co
New York
$329K +$3.03K +45 +1%
GCM
286
Graham Capital Management
Connecticut
$323K +$82.6K +1,226 +36%
VA
287
Vident Advisory
Georgia
$322K -$555K -8,237 -64%
IAM
288
Iridian Asset Management
Connecticut
$320K -$83.9K -1,245 -21%
EF
289
Empowered Funds
Pennsylvania
$316K +$46.7K +693 +18%
Squarepoint
290
Squarepoint
New York
$315K -$168K -2,500 -36%
FWC
291
First Washington Corp
Washington
$315K -$33.7K -500 -10%
CWA
292
Consilio Wealth Advisors
Washington
$315K
JSAM
293
J. Safra Asset Management
New York
$307K +$17.3K +256 +6%
WPC
294
Wedmont Private Capital
Pennsylvania
$302K +$43.7K +648 +19%
BCM
295
Bayesian Capital Management
New York
$301K +$290K +4,300 New
MAM
296
Meeder Asset Management
Ohio
$296K -$102K -1,516 -26%
FDCDDQ
297
Federation des caisses Desjardins du Quebec
Quebec, Canada
$295K +$148K +2,198 +109%
PCM
298
Penserra Capital Management
California
$293K +$68.1K +1,010 +32%
PAS
299
Point72 Asia (Singapore)
Singapore
$289K +$278K +4,129 New
AAS
300
Avantax Advisory Services
Texas
$288K +$62.3K +924 +29%

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.