Zillow
529 hedge funds and large institutions have $12.4B invested in Zillow in 2025 Q4 according to their latest regulatory filings, with 88 funds opening new positions, 178 increasing their positions, 178 reducing their positions, and 77 closing their positions.
56% more call options, than puts
Call options by funds: $610M | Put options by funds: $391M
14% more first-time investments, than exits
New positions opened: 88 | Existing positions closed: 77
0% more funds holding
Funds holding: 527 → 529 (+2)
0% more funds holding in top 10
Funds holding in top 10: 15 → 15 (0)
0% more repeat investments, than reductions
Existing positions increased: 178 | Existing positions reduced: 178
1.02% less ownership
Funds ownership: 98.66% → 97.64% (-1%)
12% less capital invested
Capital invested by funds: $14.1B → $12.4B (-$1.74B)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
LC
L1 Capital
Melbourne VIC 3000,
Australia
|
+$125M |
| 2 |
Bank of America
Charlotte,
North Carolina
|
+$78.6M |
| 3 |
Amundi
Paris,
France
|
+$76.6M |
| 4 |
Tiger Global Management
New York
|
+$73.3M |
| 5 |
Morgan Stanley
New York
|
+$70.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$284M |
| 2 |
Point72 Asset Management
Stamford,
Connecticut
|
-$83.7M |
| 3 |
MC
Maverick Capital
Dallas,
Texas
|
-$79.5M |
| 4 |
Coatue Management
New York
|
-$57M |
| 5 |
Royal Bank of Canada
Toronto,
Ontario, Canada
|
-$51.1M |
Z Hedge Fund Activity: Q4 2025 in Review
529 of the 8,266 institutional investors tracked by Wall St. Rank reported a position in Zillow (Z) for Q4 2025, worth a combined $12.4B — down 12% from $14.1B a quarter earlier.
Buyers outnumbered sellers: 88 funds opened new Z positions and 77 closed out — a net gain of 11 holders — while 178 added to existing stakes and 178 trimmed.
The largest buyer was L1 Capital, adding an estimated $125M. The largest seller was Fidelity Investments, cutting an estimated $284M.
- 529 institutional investors held Zillow (Z) as of Q4 2025, up from 527 in Q3 2025.
- Funds reported $12.4B of Zillow stock for Q4 2025, down 12% quarter-over-quarter.
- 88 funds opened new Zillow positions in Q4 2025 and 77 closed out, a net change of +11 holders.
- The largest Zillow buyer in Q4 2025 was L1 Capital, an estimated $125M added.
- The largest Zillow seller in Q4 2025 was Fidelity Investments, an estimated $284M sold.
Based on aggregated 13F filings for Q4 2025.