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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
LFAS
151
Level Four Advisory Services
Texas
$3.1M +$15.2K +226 +0.5%
GAM
152
Gotham Asset Management
New York
$2.97M +$1.85M +27,444 +184%
CP
153
CenterBook Partners
Connecticut
$2.95M +$470K +6,972 +20%
AWA
154
Arkadios Wealth Advisors
Georgia
$2.92M +$107K +1,588 +4%
AWM
155
Accurate Wealth Management
Florida
$2.83M +$398K +5,912 +20%
Ameriprise
156
Ameriprise
Minnesota
$2.82M -$400K -5,942 -13%
Stifel Financial
157
Stifel Financial
Missouri
$2.72M -$482K -7,155 -16%
PP
158
Prudential plc
United Kingdom
$2.62M +$2.17M +32,260 +628%
PEAK6
159
PEAK6
Illinois
$2.55M +$1.94M +28,758 +377%
IMC Chicago
160
IMC Chicago
Illinois
$2.48M +$977K +14,504 +70%
Skandinaviska Enskilda Banken (SEB)
161
Skandinaviska Enskilda Banken (SEB)
Sweden
$2.41M +$249K +3,700 +12%
FAF
162
Första AP-fonden
Sweden
$2.35M -$2.39M -35,400 -51%
IMCOOI
163
Investment Management Corp of Ontario (IMCO)
Canada
$2.35M +$187K +2,773 +9%
KBC Group
164
KBC Group
Belgium
$2.3M +$59.8K +888 +3%
II
165
IFM Investors
Australia
$2.28M +$6.94K +103 +0.3%
Assenagon Asset Management
166
Assenagon Asset Management
Luxembourg
$2.21M -$21.4M -317,081 -91%
Wealthfront Advisers
167
Wealthfront Advisers
California
$2.21M -$37.5K -557 -2%
Zurich Cantonal Bank
168
Zurich Cantonal Bank
Switzerland
$2.15M +$37K +549 +2%
OAC
169
OMERS Administration Corp
Ontario, Canada
$2.13M
Toronto Dominion Bank
170
Toronto Dominion Bank
Ontario, Canada
$2.11M +$420K +6,229 +26%
TD Asset Management
171
TD Asset Management
Ontario, Canada
$2.09M +$936K +13,891 +87%
MG
172
Marex Group
$2.03M +$663K +9,840 +51%
QCM
173
QRG Capital Management
Illinois
$1.99M +$1.71M +25,419 +842%
DnB Asset Management
174
DnB Asset Management
Norway
$1.99M -$36.9K -548 -2%
Mackenzie Financial
175
Mackenzie Financial
Ontario, Canada
$1.94M +$1.47M +21,755 +368%

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.