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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
QCG
326
Quadrant Capital Group
Ohio
$228K -$1.42K -21 -0.6%
PCM
327
PAR Capital Management
Massachusetts
$224K +$216K +3,200 New
IAA
328
Independent Advisor Alliance
North Carolina
$223K -$9.23K -137 -4%
GPA
329
Garrison Point Advisors
California
$217K +$209K +3,102 New
PAP
330
Persistent Asset Partners
Hong Kong
$215K +$207K +3,071 New
MM
331
MQS Management
New York
$214K +$206K +3,059 New
IP
332
Intellectus Partners
California
$212K
CI
333
Corient IA
Florida
$210K
FCH
334
Freestone Capital Holdings
Washington
$209K
CFM
335
Catalyst Funds Management
Australia
$203K +$195K +2,900 New
Mirae Asset Global ETFs Holdings
336
Mirae Asset Global ETFs Holdings
Hong Kong
$202K +$64.8K +961 +50%
MYLI
337
Meiji Yasuda Life Insurance
Japan
$202K +$194K +2,884 New
JIC
338
Johnson Investment Counsel
Ohio
$201K +$193K +2,869 New
SPIA
339
Steward Partners Investment Advisory
New York
$200K -$83.4K -1,237 -30%
MIM
340
MetLife Investment Management
New Jersey
$190K -$5.46K -81 -3%
National Pension Service
341
National Pension Service
South Korea
$178K +$132K +1,964 +340%
Mirae Asset Global Investments
342
Mirae Asset Global Investments
South Korea
$166K +$130K +1,924 +426%
AWM
343
AllSquare Wealth Management
New York
$161K +$27K +400 +21%
AssetMark Inc
344
AssetMark Inc
California
$156K +$102K +1,512 +210%
SFI
345
Siemens Fonds Invest
Germany
$154K +$33.4K +495 +29%
PIM
346
Plato Investment Management
Australia
$153K
GWM
347
Geneos Wealth Management
Colorado
$141K -$136K -2,011 -50%
Comerica Bank
348
Comerica Bank
Texas
$130K +$4.18K +62 +3%
MCM
349
MAI Capital Management
Ohio
$123K +$337 +5 +0.3%
Northwestern Mutual Wealth Management
350
Northwestern Mutual Wealth Management
Wisconsin
$118K +$73.6K +1,092 +186%

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.