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280 hedge funds and large institutions have $2.92B invested in Zillow in 2025 Q2 according to their latest regulatory filings, with 38 funds opening new positions, 96 increasing their positions, 98 reducing their positions, and 41 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more funds holding in top 10

Funds holding in top 10: 57 (+2)

1.58% more ownership

Funds ownership: 80.61%82.18% (+1.6%)

0% less capital invested

Capital invested by funds: $2.93B → $2.92B (-$8.21M)

2% less repeat investments, than reductions

Existing positions increased: 96 | Existing positions reduced: 98

7% less first-time investments, than exits

New positions opened: 38 | Existing positions closed: 41

1% less funds holding

Funds holding: 284280 (-4)

57% less call options, than puts

Call options by funds: $17.2M | Put options by funds: $40M

Holders
280
Holders Change
-4
Holders Change %
-1.41%
% of All Funds
3.69%
Holding in Top 10
7
Holding in Top 10 Change
+2
Holding in Top 10 Change %
+40%
% of All Funds
0.09%
New
38
Increased
96
Reduced
98
Closed
41
Calls
$17.2M
Puts
$40M
Net Calls
-$22.8M
Net Calls Change
-$3.63M
Name Holding Trade Value Shares
Change
Change in
Stake
CIA
1
Caledonia Investments (Australia)
Australia
$846M -$38.1M -575,410 -4%
Vanguard Group
2
Vanguard Group
Pennsylvania
$512M +$31.3M +472,101 +7%
BlackRock
3
BlackRock
New York
$171M +$2.55M +38,505 +2%
Norges Bank
4
Norges Bank
Norway
$160M +$1.48M +22,375 +1%
IFP
5
Independent Franchise Partners
United Kingdom
$140M -$1.45M -21,882 -1%
State of Wisconsin Investment Board
6
State of Wisconsin Investment Board
Wisconsin
$88.7M -$57.8M -872,413 -40%
Fidelity Investments
7
Fidelity Investments
Massachusetts
$79.2M +$21.4M +322,602 +39%
Geode Capital Management
8
Geode Capital Management
Massachusetts
$70M -$1.61M -24,259 -2%
Tiger Global Management
9
Tiger Global Management
New York
$68.8M +$6.76M +102,000 +11%
State Street
10
State Street
Massachusetts
$54.5M +$2.62M +39,582 +5%
Millennium Management
11
Millennium Management
New York
$50.1M +$29.2M +440,248 +151%
UBS Group
12
UBS Group
Switzerland
$40.8M -$7.89M -119,132 -17%
Susquehanna International Group
13
Susquehanna International Group
Pennsylvania
$38.6M -$8.97M -135,385 -19%
Dimensional Fund Advisors
14
Dimensional Fund Advisors
Texas
$33.6M +$2.48M +37,505 +8%
TCMV
15
Technology Crossover Management VIII
California
$26.3M
Ameriprise
16
Ameriprise
Minnesota
$25.7M -$124K -1,866 -0.5%
SM
17
Selkirk Management
New Jersey
$25.1M
Wellington Management Group
18
Wellington Management Group
Massachusetts
$23.9M -$4.5M -67,941 -16%
Fayez Sarofim & Co
19
Fayez Sarofim & Co
Texas
$22.8M -$1.93M -29,094 -8%
Coatue Management
20
Coatue Management
New York
$22.5M -$10.2M -154,082 -32%
Royal Bank of Canada
21
Royal Bank of Canada
Ontario, Canada
$22.5M +$17.4M +263,342 +406%
Northern Trust
22
Northern Trust
Illinois
$16.5M -$514K -7,754 -3%
Raymond James Financial
23
Raymond James Financial
Florida
$14.8M -$218K -3,298 -2%
Balyasny Asset Management
24
Balyasny Asset Management
Illinois
$13.6M -$13M -196,381 -50%
GLA
25
Great Lakes Advisors
Illinois
$13.1M -$1.74M -26,216 -12%

ZG Hedge Fund Activity: Q2 2025 in Review

280 of the 7,596 institutional investors tracked by Wall St. Rank reported a position in Zillow (ZG) for Q2 2025, worth a combined $2.92B — down 0.28% from $2.93B a quarter earlier.

Sellers outnumbered buyers: 41 funds closed out of ZG and 38 opened new positions — a net loss of 3 holders — while 98 trimmed existing stakes and 96 added.

The largest buyer was Vanguard Group, adding an estimated $31.3M. The largest seller was State of Wisconsin Investment Board, cutting an estimated $57.8M.

  • 280 institutional investors held Zillow (ZG) as of Q2 2025, down from 284 in Q1 2025.
  • Funds reported $2.92B of Zillow stock for Q2 2025, down 0.28% quarter-over-quarter.
  • 38 funds opened new Zillow positions in Q2 2025 and 41 closed out, a net change of -3 holders.
  • The largest Zillow buyer in Q2 2025 was Vanguard Group, an estimated $31.3M added.
  • The largest Zillow seller in Q2 2025 was State of Wisconsin Investment Board, an estimated $57.8M sold.

Based on aggregated 13F filings for Q2 2025.