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498 hedge funds and large institutions have $11.9B invested in Zillow in 2025 Q1 according to their latest regulatory filings, with 84 funds opening new positions, 183 increasing their positions, 153 reducing their positions, and 76 closing their positions.

New
Increased
Maintained
Reduced
Closed

72% more call options, than puts

Call options by funds: $643M | Put options by funds: $374M

20% more repeat investments, than reductions

Existing positions increased: 183 | Existing positions reduced: 153

11% more first-time investments, than exits

New positions opened: 84 | Existing positions closed: 76

0% more funds holding

Funds holding: 498498 (0)

2.47% less ownership

Funds ownership: 97.94%95.47% (-2.5%)

5% less capital invested

Capital invested by funds: $12.6B → $11.9B (-$639M)

6% less funds holding in top 10

Funds holding in top 10: 1817 (-1)

Holders
498
Holders Change
Holders Change %
0%
% of All Funds
6.68%
Holding in Top 10
17
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-5.56%
% of All Funds
0.23%
New
84
Increased
183
Reduced
153
Closed
76
Calls
$643M
Puts
$374M
Net Calls
+$269M
Net Calls Change
-$167M
Name Holding Trade Value Shares
Change
Change in
Stake
Pictet Asset Management
51
Pictet Asset Management
Switzerland
$28.6M +$27.4M +358,309 +611%
VCM
52
Valiant Capital Management
California
$28.3M
NFT
53
Nan Fung Trinity
Hong Kong
$26.9M +$6.12M +80,100 +26%
Millennium Management
54
Millennium Management
New York
$25.8M +$28.7M +376,040 New
N
55
Nuveen
North Carolina
$24.7M -$2.44M -31,964 -8%
Assenagon Asset Management
56
Assenagon Asset Management
Luxembourg
$23.9M +$21.6M +282,258 +425%
HC
57
Hillman Company
Pennsylvania
$23.9M
GGHC
58
Gilder Gagnon Howe & Co
New York
$23.8M +$2.25M +29,414 +9%
AllianceBernstein
59
AllianceBernstein
Tennessee
$23.7M +$9.63M +126,069 +58%
Barclays
60
Barclays
United Kingdom
$22.1M +$1.68M +21,972 +7%
Robeco Institutional Asset Management
61
Robeco Institutional Asset Management
Netherlands
$21.2M +$8.78M +114,853 +59%
GC
62
Garde Capital
Washington
$19.4M -$282K -3,696 -1%
NC
63
NZS Capital
Colorado
$19.1M -$295K -3,863 -1%
EAM
64
Erste Asset Management
Austria
$18.9M +$10.3M +135,000 +96%
California State Teachers Retirement System (CalSTRS)
65
California State Teachers Retirement System (CalSTRS)
California
$18.3M +$470K +6,146 +2%
Connor, Clark & Lunn Investment Management (CC&L)
66
Connor, Clark & Lunn Investment Management (CC&L)
British Columbia, Canada
$16.9M +$3.49M +45,635 +23%
Canada Pension Plan Investment Board
67
Canada Pension Plan Investment Board
Ontario, Canada
$16.4M +$1.89M +24,700 +12%
CFM
68
Coronation Fund Managers
South Africa
$15.4M +$93.5K +1,224 +0.5%
NAMA
69
Nikko Asset Management Americas
New York
$15.4M -$603K -7,888 -3%
Walleye Capital
70
Walleye Capital
New York
$14M -$24.4M -318,879 -61%
AC
71
Avory & Company
Florida
$14M -$6.76M -88,449 -30%
BNP Paribas Financial Markets
72
BNP Paribas Financial Markets
France
$13.9M -$17.4M -228,069 -53%
California Public Employees Retirement System
73
California Public Employees Retirement System
California
$13.8M -$25.9K -339 -0.2%
Norges Bank
74
Norges Bank
Norway
$13.4M -$1.54M -20,105 -9%
Bank of Montreal
75
Bank of Montreal
Ontario, Canada
$12.6M -$11.4M -148,692 -45%

Z Hedge Fund Activity: Q1 2025 in Review

498 of the 7,458 institutional investors tracked by Wall St. Rank reported a position in Zillow (Z) for Q1 2025, worth a combined $11.9B — down 5.1% from $12.6B a quarter earlier.

Buyers outnumbered sellers: 84 funds opened new Z positions and 76 closed out — a net gain of 8 holders — while 183 added to existing stakes and 153 trimmed.

The largest buyer was Tiger Global Management, opening a new position worth an estimated $399M. The largest seller was Caledonia Investments (Australia), cutting an estimated $366M.

  • 498 institutional investors held Zillow (Z) as of Q1 2025, unchanged from Q4 2024.
  • Funds reported $11.9B of Zillow stock for Q1 2025, down 5.1% quarter-over-quarter.
  • 84 funds opened new Zillow positions in Q1 2025 and 76 closed out, a net change of +8 holders.
  • The largest Zillow buyer in Q1 2025 was Tiger Global Management, an estimated $399M added.
  • The largest Zillow seller in Q1 2025 was Caledonia Investments (Australia), an estimated $366M sold.

Based on aggregated 13F filings for Q1 2025.