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526 hedge funds and large institutions have $14.1B invested in Zillow in 2025 Q3 according to their latest regulatory filings, with 104 funds opening new positions, 178 increasing their positions, 145 reducing their positions, and 52 closing their positions.

New
Increased
Maintained
Reduced
Closed

100% more first-time investments, than exits

New positions opened: 104 | Existing positions closed: 52

29% more call options, than puts

Call options by funds: $661M | Put options by funds: $514M

23% more repeat investments, than reductions

Existing positions increased: 178 | Existing positions reduced: 145

14% more capital invested

Capital invested by funds: $12.4B → $14.1B (+$1.77B)

10% more funds holding

Funds holding: 479526 (+47)

2.36% more ownership

Funds ownership: 96.3%98.66% (+2.4%)

0% more funds holding in top 10

Funds holding in top 10: 1515 (0)

Holders
526
Holders Change
+47
Holders Change %
+9.81%
% of All Funds
6.9%
Holding in Top 10
15
Holding in Top 10 Change
Holding in Top 10 Change %
% of All Funds
0.2%
New
104
Increased
178
Reduced
145
Closed
52
Calls
$661M
Puts
$514M
Net Calls
+$147M
Net Calls Change
-$127M
Name Holding Trade Value Shares
Change
Change in
Stake
JSAM
301
J. Safra Asset Management
New York
$519K +$193K +2,356 +54%
National Pension Service
302
National Pension Service
South Korea
$511K +$334K +4,085 +161%
LC
303
L1 Capital
Australia
$507K -$30.5M -373,518 -98%
AC
304
Allstate Corporation
Illinois
$505K +$535K +6,551 New
Polen Capital Management
305
Polen Capital Management
Florida
$504K +$534K +6,539 New
PA
306
Pinnacle Associates
New York
$495K
SCM
307
SCS Capital Management
Massachusetts
$494K -$126K -1,538 -19%
GPA
308
Garrison Point Advisors
California
$493K +$270K +3,298 +106%
OL
309
Optas LLC
Texas
$482K -$1.06K -13 -0.2%
KOC
310
Koss-Olinger Consulting
Florida
$479K
FIA
311
FNY Investment Advisers
New York
$473K +$502K +6,147 New
EI
312
Ethic Inc
New York
$464K -$33.2K -406 -6%
SC
313
Shay Capital
New York
$462K +$490K +6,000 New
Principal Financial Group
314
Principal Financial Group
Iowa
$459K -$72.4K -886 -13%
BJL
315
Brighton Jones LLC
Washington
$453K +$10.6K +130 +2%
AGWCA
316
Annis Gardner Whiting Capital Advisors
Florida
$447K +$474K +5,800 New
ECM
317
Everence Capital Management
Indiana
$437K
KPWS
318
Kestra Private Wealth Services
Texas
$431K +$457K +5,593 New
GC
319
Guggenheim Capital
Illinois
$427K +$154K +1,887 +52%
Baird Financial Group
320
Baird Financial Group
Wisconsin
$425K
CB
321
Commerce Bank
Missouri
$414K -$327 -4 -0.1%
FFM
322
Forum Financial Management
Illinois
$403K +$163 +2 +0%
BPA
323
Beacon Pointe Advisors
California
$397K +$421K +5,156 New
BC
324
Bridgefront Capital
Texas
$396K +$420K +5,142 New
AV
325
Alamea Verwaltungs
New Jersey
$396K +$420K +5,140 New

Z Hedge Fund Activity: Q3 2025 in Review

526 of the 7,619 institutional investors tracked by Wall St. Rank reported a position in Zillow (Z) for Q3 2025, worth a combined $14.1B — up 14% from $12.4B a quarter earlier.

Buyers outnumbered sellers: 104 funds opened new Z positions and 52 closed out — a net gain of 52 holders — while 178 added to existing stakes and 145 trimmed.

The largest buyer was Contour Asset Management, opening a new position worth an estimated $205M. The largest seller was Caledonia Investments (Australia), cutting an estimated $200M.

  • 526 institutional investors held Zillow (Z) as of Q3 2025, up from 479 in Q2 2025.
  • Funds reported $14.1B of Zillow stock for Q3 2025, up 14% quarter-over-quarter.
  • 104 funds opened new Zillow positions in Q3 2025 and 52 closed out, a net change of +52 holders.
  • The largest Zillow buyer in Q3 2025 was Contour Asset Management, an estimated $205M added.
  • The largest Zillow seller in Q3 2025 was Caledonia Investments (Australia), an estimated $200M sold.

Based on aggregated 13F filings for Q3 2025.