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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
RCAP
201
Resolute Capital Asset Partners
Colorado
$1.27M +$1.23M +18,201 New
VOYA Investment Management
202
VOYA Investment Management
Georgia
$1.27M -$81.2K -1,205 -6%
AA
203
ALPS Advisors
Colorado
$1.24M +$129K +1,912 +12%
X
204
Xponance
Pennsylvania
$1.19M +$77.9K +1,156 +7%
SO
205
STRS Ohio
Ohio
$1.17M +$309K +4,585 +38%
Public Employees Retirement Association of Colorado
206
Public Employees Retirement Association of Colorado
Colorado
$1.15M
SG Americas Securities
207
SG Americas Securities
New York
$1.12M -$3.46M -51,324 -76%
Daiwa Securities Group
208
Daiwa Securities Group
Japan
$1.12M +$21.9K +325 +2%
Renaissance Technologies
209
Renaissance Technologies
New York
$1.11M +$1.07M +15,914 New
Macquarie Group
210
Macquarie Group
Australia
$1.11M
SMDAM
211
Sumitomo Mitsui DS Asset Management
Japan
$1.1M -$10.1K -150 -0.9%
IMRF
212
Illinois Municipal Retirement Fund
Illinois
$1.01M +$974K +14,461 New
Walleye Capital
213
Walleye Capital
New York
$976K -$12.9M -190,946 -93%
AF
214
Allworth Financial
California
$974K +$7.68K +114 +0.8%
Marshall Wace
215
Marshall Wace
United Kingdom
$962K -$59.1M -877,008 -98%
Nordea Investment Management
216
Nordea Investment Management
Sweden
$943K -$1.16M -17,243 -56%
KP
217
Keel Point
Alabama
$941K -$6.87K -102 -0.8%
PCM
218
Prelude Capital Management
New York
$916K -$4.65K -69 -0.5%
Mercer Global Advisors
219
Mercer Global Advisors
Colorado
$909K +$542K +8,049 +163%
Cetera Investment Advisers
220
Cetera Investment Advisers
Illinois
$890K -$59.6K -884 -7%
Franklin Resources
221
Franklin Resources
California
$876K +$6.2K +92 +0.7%
SLAM
222
Swiss Life Asset Management
$857K -$25.7K -381 -3%
OSAM
223
O'Shaughnessy Asset Management
Connecticut
$800K +$35.8K +532 +5%
MML Investors Services
224
MML Investors Services
Massachusetts
$794K +$388K +5,764 +104%
Janus Henderson Group
225
Janus Henderson Group
United Kingdom
$784K -$65.3K -969 -8%

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.