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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
CIA
1
Caledonia Investments (Australia)
Australia
$2.13B -$366M -4,785,130 -13%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.55B +$124M +1,628,577 +8%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$882M +$329M +4,303,638 +50%
IFP
4
Independent Franchise Partners
United Kingdom
$765M +$20.7M +271,084 +2%
BlackRock
5
BlackRock
New York
$603M +$7.7M +100,788 +1%
Capital World Investors
6
Capital World Investors
California
$592M +$111M +1,446,303 +20%
Tiger Global Management
7
Tiger Global Management
New York
$358M +$399M +5,215,000 New
Ninety One (UK)
8
Ninety One (UK)
United Kingdom
$276M +$31.5M +411,742 +11%
State Street
9
State Street
Massachusetts
$237M -$1.73M -22,600 -0.6%
Geode Capital Management
10
Geode Capital Management
Massachusetts
$210M +$14.9M +194,649 +7%
DCM
11
Dorsal Capital Management
California
$209M -$22.9M -300,000 -9%
TCMI
12
Technology Crossover Management IX
California
$209M
JP Morgan Chase
13
JP Morgan Chase
New York
$190M -$32M -418,892 -13%
TCMV
14
Technology Crossover Management VIII
California
$188M
EC
15
Eminence Capital
New York
$167M -$36.9M -482,762 -17%
TCMX
16
Technology Crossover Management XI
California
$160M
UBS Group
17
UBS Group
Switzerland
$138M +$56.3M +736,964 +58%
Wellington Management Group
18
Wellington Management Group
Massachusetts
$133M -$7.15M -93,597 -5%
Charles Schwab
19
Charles Schwab
California
$109M +$3.5M +45,828 +3%
Dimensional Fund Advisors
20
Dimensional Fund Advisors
Texas
$105M -$906K -11,860 -0.8%
Morgan Stanley
21
Morgan Stanley
New York
$99.9M -$15.7M -205,122 -12%
ACM
22
Altimeter Capital Management
Massachusetts
$90.7M +$1.74M +22,816 +2%
Deutsche Bank
23
Deutsche Bank
Germany
$74.5M +$3.9M +51,041 +5%
Citigroup
24
Citigroup
New York
$73.2M -$30.2M -394,590 -27%
Northern Trust
25
Northern Trust
Illinois
$69.7M +$3.47M +45,376 +5%

Z Hedge Fund Activity: Q1 2025 in Review

498 of the 7,457 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.