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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
Nisa Investment Advisors
301
Nisa Investment Advisors
Missouri
$287K
WANY
302
Wealthspire Advisors (New York)
New York
$287K -$4.72K -70 -2%
Cambridge Investment Research Advisors
303
Cambridge Investment Research Advisors
Iowa
$285K -$146K -2,171 -35%
PAG
304
Private Advisor Group
New Jersey
$284K +$273K +4,055 New
SF
305
Synovus Financial
Georgia
$280K
RPGK
306
Retirement Planning Group (Kansas)
Kansas
$276K
MFAM
307
Motley Fool Asset Management
Virginia
$273K -$8.36K -124 -3%
AFM
308
Armstrong Fleming & Moore
District of Columbia
$263K +$253K +3,754 New
TCM
309
Teza Capital Management
Illinois
$262K -$182K -2,703 -42%
SWM
310
Spire Wealth Management
Virginia
$262K +$223K +3,310 +770%
ET
311
Entropy Technologies
New York
$262K -$1.37M -20,276 -84%
FZCM
312
Flynn Zito Capital Management
New York
$261K -$8.63K -128 -3%
BMSSC
313
B. Metzler seel. Sohn & Co
Germany
$257K
LA
314
LBP AM
France
$257K -$27.8K -413 -10%
DILIC
315
Dai-ichi Life Insurance Company
Japan
$256K
GC
316
Guggenheim Capital
Illinois
$256K -$5.66K -84 -2%
VI
317
Vestcor Inc
New Brunswick, Canada
$255K -$1.01K -15 -0.4%
M&T Bank
318
M&T Bank
New York
$254K -$13.5K -200 -5%
O
319
Ossiam
France
$248K +$239K +3,547 New
FAM
320
Fred Alger Management
New York
$246K -$231K -3,426 -49%
Carson Wealth (CWM LLC)
321
Carson Wealth (CWM LLC)
Nebraska
$244K -$684K -10,147 -74%
BPWM
322
Badgley Phelps Wealth Managers
Washington
$243K -$472 -7 -0.2%
CWM
323
Cornerstone Wealth Management
Missouri
$234K
GIA
324
Gladstone Institutional Advisory
Florida
$233K
AS
325
Aware Super
Australia
$232K

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.