Zillow
305 hedge funds and large institutions have $3.24B invested in Zillow in 2025 Q3 according to their latest regulatory filings, with 62 funds opening new positions, 98 increasing their positions, 88 reducing their positions, and 34 closing their positions.
82% more first-time investments, than exits
New positions opened: 62 | Existing positions closed: 34
28% more capital inflows, than outflows
Capital inflows: $350M | Capital outflows: $274M
11% more repeat investments, than reductions
Existing positions increased: 98 | Existing positions reduced: 88
9% more funds holding
Funds holding: 280 → 305 (+25)
4.69% more ownership
Funds ownership: 82.18% → 86.87% (+4.7%)
14% less call options, than puts
Call options by funds: $13.6M | Put options by funds: $15.9M
14% less funds holding in top 10
Funds holding in top 10: 7 → 6 (-1)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State of Wisconsin Investment Board
Madison,
Wisconsin
|
+$57.7M |
| 2 |
Fidelity Investments
Boston,
Massachusetts
|
+$51.3M |
| 3 |
MC
Maplelane Capital
New York
|
+$33.8M |
| 4 |
Harvard Management Company
Boston,
Massachusetts
|
+$23.7M |
| 5 |
SPC
Stony Point Capital
New York
|
+$19M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Caledonia Investments (Australia)
Sydney NSW,
Australia
|
-$58.5M |
| 2 |
Millennium Management
New York
|
-$33.5M |
| 3 |
Vanguard Group
Malvern,
Pennsylvania
|
-$32M |
| 4 |
Ameriprise
Minneapolis,
Minnesota
|
-$28.7M |
| 5 |
Tiger Global Management
New York
|
-$17.4M |
ZG Hedge Fund Activity: Q3 2025 in Review
305 of the 7,661 institutional investors tracked by Wall St. Rank reported a position in Zillow (ZG) for Q3 2025, worth a combined $3.24B — up 11% from $2.92B a quarter earlier.
Buyers outnumbered sellers: 62 funds opened new ZG positions and 34 closed out — a net gain of 28 holders — while 98 added to existing stakes and 88 trimmed.
The largest buyer was State of Wisconsin Investment Board, adding an estimated $57.7M. The largest seller was Caledonia Investments (Australia), cutting an estimated $58.5M.
- 305 institutional investors held Zillow (ZG) as of Q3 2025, up from 280 in Q2 2025.
- Funds reported $3.24B of Zillow stock for Q3 2025, up 11% quarter-over-quarter.
- 62 funds opened new Zillow positions in Q3 2025 and 34 closed out, a net change of +28 holders.
- The largest Zillow buyer in Q3 2025 was State of Wisconsin Investment Board, an estimated $57.7M added.
- The largest Zillow seller in Q3 2025 was Caledonia Investments (Australia), an estimated $58.5M sold.
Based on aggregated 13F filings for Q3 2025.