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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
C
401
Covestor
United Kingdom
$14K -$202 -3 -1%
PWAM
402
Private Wealth Asset Management
Iowa
$13.4K -$1.21K -18 -9%
LSA
403
Leonteq Securities AG
Switzerland
$12.5K +$12.1K +179 New
HWM
404
Hemington Wealth Management
Virginia
$12K +$1.35K +20 +13%
BTI
405
Blue Trust Inc
Georgia
$11.2K +$943 +14 +10%
AAS
406
Ameritas Advisory Services
Nebraska
$11.1K +$10.7K +159 New
MPWT
407
MassMutual Private Wealth & Trust
Connecticut
$10.4K -$6.74K -100 -40%
RS
408
Rakuten Securities
Japan
$10.4K -$2.09K -31 -17%
PFBT
409
Parkside Financial Bank & Trust
Missouri
$8.83K +$404 +6 +5%
BCM
410
Boreal Capital Management
Florida
$8.41K +$8.09K +120 New
WA
411
WPG Advisers
Maryland
$8.27K -$1.01K -15 -11%
CAL
412
Capital Advisors Ltd
Ohio
$8K +$202 +3 +3%
TIM
413
Total Investment Management
Arizona
$7.85K +$7.55K +112 New
LFG
414
Larson Financial Group
Missouri
$7.78K +$1.42K +21 +23%
JWA
415
JFS Wealth Advisors
Pennsylvania
$7.29K +$337 +5 +5%
MMCM
416
Murphy & Mullick Capital Management
New York
$7.18K +$1.55K +23 +32%
TCM
417
Traub Capital Management
Massachusetts
$7K +$6.74K +100 New
AAP
418
Arax Advisory Partners
Colorado
$6.79K +$1.08K +16 +20%
BLC
419
Brown, Lisle/Cummings
Rhode Island
$6.3K
ZBNA
420
Zions Bancorporation, National Association
Utah
$5.81K -$67 -1 -1%
PTC
421
Private Trust Company
Ohio
$5.81K
PWMG
422
Private Wealth Management Group
New Jersey
$5.46K
CIAS
423
CBIZ Investment Advisory Services
Ohio
$4.97K
WBC
424
West Branch Capital
Massachusetts
$4.62K
HPC
425
HM Payson & Co
Maine
$4.55K

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.