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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
KIG
101
Kessler Investment Group
Indiana
$6.52M -$92.2K -1,369 -1%
Ensign Peak Advisors
102
Ensign Peak Advisors
Utah
$6.48M +$2.59M +38,465 +71%
Verition Fund Management
103
Verition Fund Management
Connecticut
$6.42M +$1.87M +27,694 +43%
EIM
104
Emmett Investment Management
New York
$6.34M +$758K +11,250 +14%
State of Wisconsin Investment Board
105
State of Wisconsin Investment Board
Wisconsin
$6.22M -$66.7K -990 -1%
AAF
106
Andra AP-fonden
Sweden
$6.21M +$5.38M +79,800 +907%
New York State Common Retirement Fund
107
New York State Common Retirement Fund
New York
$6.05M +$236K +3,500 +4%
Commonwealth Equity Services
108
Commonwealth Equity Services
Massachusetts
$5.65M +$64.6K +958 +1%
GLA
109
Great Lakes Advisors
Illinois
$5.53M -$663K -9,832 -11%
Russell Investments Group
110
Russell Investments Group
United Kingdom
$5.48M +$846K +12,552 +19%
MCM
111
Maytus Capital Management
New York
$5.39M -$4.02M -59,651 -44%
Treasurer of the State of North Carolina
112
Treasurer of the State of North Carolina
North Carolina
$5.32M +$334K +4,960 +7%
YCM
113
Yost Capital Management
Texas
$5.3M -$1.35M -20,000 -21%
MCP
114
Mirador Capital Partners
California
$5.21M +$432K +6,414 +9%
Mitsubishi UFJ Trust & Banking
115
Mitsubishi UFJ Trust & Banking
Japan
$4.95M +$117K +1,739 +3%
Canada Life
116
Canada Life
Manitoba, Canada
$4.87M +$1.06M +15,707 +29%
Royal London Asset Management
117
Royal London Asset Management
United Kingdom
$4.81M -$105K -1,557 -2%
DB
118
Danske Bank
Denmark
$4.77M +$115K +1,704 +3%
AllianceBernstein
119
AllianceBernstein
Tennessee
$4.7M -$18.7M -278,101 -81%
SVWAG
120
Sound View Wealth Advisors Group
Georgia
$4.67M +$4.22M +62,676 +1,551%
KK
121
KLP Kapitalforvaltning
Norway
$4.62M +$67.4K +1,000 +2%
AP
122
Arlington Partners
Alabama
$4.49M +$637K +9,448 +17%
Balyasny Asset Management
123
Balyasny Asset Management
Illinois
$4.47M +$4.3M +63,877 New
Universal-Beteiligungs- und Servicegesellschaft
124
Universal-Beteiligungs- und Servicegesellschaft
Germany
$4.41M -$827K -12,271 -16%
D.E. Shaw & Co
125
D.E. Shaw & Co
New York
$4.35M +$1.82M +26,947 +77%

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.