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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
CIA
1
Caledonia Investments (Australia)
Australia
$2.03B -$136M -2,016,439 -6%
Vanguard Group
2
Vanguard Group
Pennsylvania
$1.61B +$27.8M +412,571 +2%
Fidelity Investments
3
Fidelity Investments
Massachusetts
$871M -$29.3M -434,253 -3%
IFP
4
Independent Franchise Partners
United Kingdom
$773M -$7.67M -113,776 -1%
Capital World Investors
5
Capital World Investors
California
$691M +$83.4M +1,236,956 +14%
BlackRock
6
BlackRock
New York
$653M +$35.5M +526,447 +6%
Tiger Global Management
7
Tiger Global Management
New York
$436M +$68.3M +1,014,087 +19%
Ninety One (UK)
8
Ninety One (UK)
United Kingdom
$331M +$47.3M +702,445 +17%
EC
9
Eminence Capital
New York
$279M +$104M +1,546,577 +64%
State Street
10
State Street
Massachusetts
$248M +$5.12M +76,048 +2%
Geode Capital Management
11
Geode Capital Management
Massachusetts
$219M +$4.69M +69,630 +2%
TCMI
12
Technology Crossover Management IX
California
$213M
JP Morgan Chase
13
JP Morgan Chase
New York
$197M +$2.31M +34,305 +1%
TCMV
14
Technology Crossover Management VIII
California
$192M
GC
15
Greencape Capital
Australia
$179M +$111M +1,645,613 +180%
DCM
16
Dorsal Capital Management
California
$172M -$40.4M -600,000 -20%
ACM
17
Altimeter Capital Management
Massachusetts
$167M +$71.7M +1,064,218 +80%
TCMX
18
Technology Crossover Management XI
California
$164M
Wellington Management Group
19
Wellington Management Group
Massachusetts
$138M +$1.51M +22,481 +1%
UBS Group
20
UBS Group
Switzerland
$127M -$13.2M -195,665 -10%
Dimensional Fund Advisors
21
Dimensional Fund Advisors
Texas
$116M +$8.84M +131,212 +9%
Charles Schwab
22
Charles Schwab
California
$107M -$3.94M -58,533 -4%
Morgan Stanley
23
Morgan Stanley
New York
$81.6M -$19.7M -292,601 -20%
UBS AM
24
UBS AM
Illinois
$79.2M +$9.85M +146,187 +15%
Citigroup
25
Citigroup
New York
$76M +$1.17M +17,430 +2%

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.