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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
Deutsche Bank
26
Deutsche Bank
Germany
$72.8M -$3.17M -47,046 -4%
Goldman Sachs
27
Goldman Sachs
New York
$71.6M +$32.2M +478,270 +88%
Northern Trust
28
Northern Trust
Illinois
$69.7M -$1.42M -21,007 -2%
AM
29
Atreides Management
Massachusetts
$60M +$26.1M +386,947 +82%
ZCI
30
Zevenbergen Capital Investments
Washington
$57.8M -$3.07M -45,627 -5%
Holocene Advisors
31
Holocene Advisors
New York
$57M +$54.9M +814,003 New
Bank of America
32
Bank of America
North Carolina
$56.6M +$81.8K +1,214 +0.2%
PWAM
33
Park West Asset Management
California
$56M -$9.94M -147,482 -16%
Coatue Management
34
Coatue Management
New York
$51.8M
TAA
35
TB Alternative Assets
Cayman Islands
$50.2M +$9.77M +145,038 +25%
Legal & General Group
36
Legal & General Group
United Kingdom
$48M +$1M +14,909 +2%
Baillie Gifford & Co
37
Baillie Gifford & Co
United Kingdom
$47M -$9.24M -137,075 -17%
Jane Street
38
Jane Street
New York
$45.5M -$10.2M -151,123 -19%
BA
39
Bridgewater Associates
Connecticut
$45.3M -$3.08M -45,761 -7%
Barclays
40
Barclays
United Kingdom
$42.1M +$18.8M +278,561 +86%
Fayez Sarofim & Co
41
Fayez Sarofim & Co
Texas
$41.7M -$4.04M -60,000 -9%
Bank of New York Mellon
42
Bank of New York Mellon
New York
$41M -$14.2M -210,664 -26%
Sumitomo Mitsui Trust Group
43
Sumitomo Mitsui Trust Group
Japan
$39.7M -$921K -13,668 -2%
Swiss National Bank
44
Swiss National Bank
Switzerland
$34.7M +$3.04M +45,100 +10%
Amundi
45
Amundi
France
$33.2M -$7.57M -112,402 -19%
VCM
46
Valiant Capital Management
California
$31.6M +$2.6M +38,600 +9%
Pictet Asset Management
47
Pictet Asset Management
Switzerland
$29.3M +$47.4K +703 +0.2%
Norges Bank
48
Norges Bank
Norway
$29.2M +$14.9M +221,548 +114%
Point72 Asset Management
49
Point72 Asset Management
Connecticut
$27.1M +$26M +386,430 New
LC
50
L1 Capital
Australia
$26.7M +$25.6M +380,462 New

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.