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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
QCM
176
Qsemble Capital Management
New York
$1.9M +$1.83M +27,152 New
EMPI
177
Elo Mutual Pension Insurance
Finland
$1.9M +$737K +10,931 +67%
URS
178
Utah Retirement Systems
Utah
$1.82M +$18.9K +281 +1%
BCIM
179
British Columbia Investment Management
British Columbia, Canada
$1.81M -$321K -4,770 -16%
DekaBank Deutsche Girozentrale
180
DekaBank Deutsche Girozentrale
Germany
$1.75M +$36K +535 +2%
SEI Investments
181
SEI Investments
Pennsylvania
$1.74M +$338K +5,014 +25%
Teacher Retirement System of Texas
182
Teacher Retirement System of Texas
Texas
$1.74M +$106K +1,572 +7%
BHCM
183
Brevan Howard Capital Management
Jersey
$1.72M +$1.43M +21,161 +635%
American Century Companies
184
American Century Companies
Missouri
$1.62M +$24.4K +362 +2%
IC
185
IEQ Capital
California
$1.61M -$1.8M -26,748 -54%
OAM
186
OP Asset Management
$1.61M +$112K +1,656 +8%
Osaic Holdings
187
Osaic Holdings
Arizona
$1.61M +$146K +2,163 +10%
AV
188
ASR Vermogensbeheer
Netherlands
$1.58M -$5.59K -83 -0.4%
WAM
189
Wolverine Asset Management
Illinois
$1.57M -$60.6K -900 -4%
CCP
190
Carmel Capital Partners
California
$1.57M +$154K +2,283 +11%
Mariner
191
Mariner
Kansas
$1.5M -$140K -2,083 -9%
HighTower Advisors
192
HighTower Advisors
Illinois
$1.48M +$1.95K +29 +0.1%
Manulife (Manufacturers Life Insurance)
193
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$1.48M -$301K -4,460 -17%
Pathstone Holdings
194
Pathstone Holdings
New Jersey
$1.48M +$63.8K +947 +5%
Creative Planning
195
Creative Planning
Kansas
$1.43M +$58K +860 +4%
KCM
196
Kennondale Capital Management
Virginia
$1.42M
NAM
197
Nissay Asset Management
Japan
$1.42M +$64K +950 +5%
VPIM
198
Vanguard Personalized Indexing Management
California
$1.41M +$103K +1,533 +8%
LPL Financial
199
LPL Financial
California
$1.4M +$30.8K +457 +2%
NYLIM
200
New York Life Investment Management
New York
$1.29M +$82.4K +1,223 +7%

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.