Zillow
167 hedge funds and large institutions have $2.2B invested in Zillow in 2018 Q3 according to their latest regulatory filings, with 33 funds opening new positions, 56 increasing their positions, 45 reducing their positions, and 31 closing their positions.
24% more repeat investments, than reductions
Existing positions increased: 56 | Existing positions reduced: 45
6% more first-time investments, than exits
New positions opened: 33 | Existing positions closed: 31
1% more funds holding
Funds holding: 166 → 167 (+1)
5.57% less ownership
Funds ownership: 91.66% → 86.1% (-5.6%)
30% less capital invested
Capital invested by funds: $3.14B → $2.2B (-$937M)
38% less funds holding in top 10
Funds holding in top 10: 8 → 5 (-3)
52% less call options, than puts
Call options by funds: $17.4M | Put options by funds: $36.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Morgan Stanley
New York
|
+$115M |
| 2 |
Vanguard Group
Malvern,
Pennsylvania
|
+$24.2M |
| 3 |
CBUSF
Construction & Building Unions Superannuation Fund
Melbourne,
Australia
|
+$12.6M |
| 4 |
Canada Pension Plan Investment Board
Toronto Ontario,
Ontario, Canada
|
+$10.3M |
| 5 |
Susquehanna International Group
Bala Cynwyd,
Pennsylvania
|
+$8.94M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
PCM
PAR Capital Management
Boston,
Massachusetts
|
-$101M |
| 2 |
TCMV
Technology Crossover Management VIII
Menlo Park,
California
|
-$98.6M |
| 3 |
T. Rowe Price Associates
Baltimore,
Maryland
|
-$46.8M |
| 4 |
CAM
Contour Asset Management
New York
|
-$20.9M |
| 5 |
GGHC
Gilder Gagnon Howe & Co
New York
|
-$19.4M |
ZG Hedge Fund Activity: Q3 2018 in Review
167 of the 4,391 institutional investors tracked by Wall St. Rank reported a position in Zillow (ZG) for Q3 2018, worth a combined $2.2B — down 30% from $3.14B a quarter earlier.
Buyers outnumbered sellers: 33 funds opened new ZG positions and 31 closed out — a net gain of 2 holders — while 56 added to existing stakes and 45 trimmed.
The largest buyer was Morgan Stanley, adding an estimated $115M. The largest seller was PAR Capital Management, exiting entirely with an estimated $101M sold.
- 167 institutional investors held Zillow (ZG) as of Q3 2018, up from 166 in Q2 2018.
- Funds reported $2.2B of Zillow stock for Q3 2018, down 30% quarter-over-quarter.
- 33 funds opened new Zillow positions in Q3 2018 and 31 closed out, a net change of +2 holders.
- The largest Zillow buyer in Q3 2018 was Morgan Stanley, an estimated $115M added.
- The largest Zillow seller in Q3 2018 was PAR Capital Management, an estimated $101M sold.
Based on aggregated 13F filings for Q3 2018.