ZILLOW GROUP INC ZG
CL A · Common Stock · CUSIP 98954M101 · ISIN US98954M1018
Online real estate database
- SectorIndustrials
- IndustryServices-Business Services, NEC
- HeadquartersSeattle, WA
- Founded2006
- Websitezillow.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($1.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.19. Options: 17 managers hold calls ($39.7m notional), 12 hold puts ($24.5m).
Trends to Q4 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 247 |
| Q4 2022 | 255 |
| Q1 2023 | 260 |
| Q2 2023 | 267 |
| Q3 2023 | 261 |
| Q4 2023 | 272 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 102 | 132 |
| Q1 2023 | 118 | 132 |
| Q2 2023 | 99 | 141 |
| Q3 2023 | 105 | 132 |
| Q4 2023 | 127 | 126 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $22.9m | $18.9m | 0.82 |
| Q2 2023 | $25.6m | $21.9m | 0.85 |
| Q3 2023 | $24.1m | $21.1m | 0.88 |
| Q4 2023 | $39.7m | $24.5m | 0.62 |
Biggest buyers
| VANGUARD GROUP INC | Added | +1.7m |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +550.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Added | +451.5k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD | Added | +413.1k |
| MORGAN STANLEY | Added | +411.4k |
| BANK OF MONTREAL /CAN/ | Added | +261.5k |
| JAT Capital Mgmt LP | Added | +238.9k |
| UBS Group AG | Added | +177.3k |
| Man Group plc | New | +166.2k |
| BlackRock Inc. | Added | +142.6k |
Biggest sellers
| FMR LLC | Reduced | -1.5m |
| Echo Street Capital Management LLC | Sold out | -712.5k |
| FIRST TRUST ADVISORS LP | Sold out | -441.1k |
| Qube Research & Technologies Ltd | Reduced | -366.2k |
| COATUE MANAGEMENT LLC | Reduced | -296.6k |
| D. E. Shaw & Co., Inc. | Reduced | -273.6k |
| Man Group plc | Sold out | -170.8k |
| ALLIANCEBERNSTEIN L.P. | Reduced | -147.6k |
| Independent Franchise Partners LLP | Reduced | -111.6k |
| LAZARD ASSET MANAGEMENT LLC | Reduced | -110.8k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $13.1m230.1k shares |
| WOLVERINE TRADING, LLC | Added | $8.7m153.2k shares |
| CITADEL ADVISORS LLC | Reduced | $3.9m68.2k shares |
| JANE STREET GROUP, LLC | Reduced | $2.3m41.1k shares |
| Walleye Trading LLC | Reduced | $2.3m40.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $2.1m368 shares |
| Squarepoint Ops LLC | Reduced | $1.9m33.3k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $1.4m25.0k shares |
| GTS SECURITIES LLC | Added | $986.9k17.4k shares |
| GROUP ONE TRADING LLC | Added | $879.2k15.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.3m93.1k shares |
| Walleye Trading LLC | Reduced | $5.0m87.8k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $4.1m72.5k shares |
| WOLVERINE TRADING, LLC | Added | $2.7m47.2k shares |
| CITADEL ADVISORS LLC | Added | $2.0m35.3k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $1.9m329 shares |
| ROYAL BANK OF CANADA | New | $1.1m20.1k shares |
| GTS SECURITIES LLC | Added | $1.1m19.0k shares |
| PEAK6 Investments LLC | Added | $935.9k16.5k shares |
| Squarepoint Ops LLC | Reduced | $272.3k4.8k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Caledonia (Private) Investments Pty Ltd 13G · institution +1.9 pts · filed 2026-05-15 | 26.8% |
| Capital World Investors 13G · institution +5.5 pts · filed 2026-08-06 | 10.4% |
| BARTON RICHARD N 13D · may seek influence +1.0 pts · filed 2026-06-15 | 9.2% |
| Independent Franchise Partners LLP 13G · institution +2.7 pts · filed 2026-08-13 | 8.7% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution -1.7 pts · filed 2026-07-31 | 6.9% |
| Frink Lloyd D 13D · may seek influence filed 2026-02-18 | 6.7% |
Fell to 5% or below in the last year: VANGUARD CAPITAL MANAGEMENT LLC (4.4%, 2026-07-31; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), FMR LLC (0.4%, 2026-05-06), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), NORGES BANK (4.9%, 2026-01-27)
Insider purchases and sales in Q4 2023
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q1 2022 | 0 | — | 11 | $2.5m | — |
| Q2 2022 | 0 | — | 7 | $1.5m | — |
| Q3 2022 | 0 | — | 8 | $2.3m | — |
| Q4 2022 | 0 | — | 8 | $3.2m | — |
| Q1 2023 | 0 | — | 8 | $4.0m | $179.7k |
| Q2 2023 | 0 | — | 8 | $3.3m | $650.6k |
| Q3 2023 | 0 | — | 8 | $4.9m | $747.1k |
| Q4 2023 | 0 | — | 9 | $3.8m | $493.3k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-12-06 | Rock Jennifer Chief Accounting Officer | Sold | $100.4k2.2k shares |
| 2023-12-05 | Daimler Susan President of Zillow | Sold | $168.0k3.9k shares |
| 2023-12-05 | Daimler Susan President of Zillow | Sold | $103.5k2.4k shares |
| 2023-11-24 | Hofmann Jeremy Chief Financial Officer | Sold | $305.6k7.6k shares |
| 2023-11-22 | Spaulding Dan Chief People Officer | Sold | $200.2k5.0k shares |
| 2023-11-20 | Owens Bradley D. General Counsel | Sold plan | $182.1k4.7k shares |
| 2023-11-17 | BLACHFORD ERIK C Director | Sold | $820.7k21.9k shares |
| 2023-11-17 | Wacksman Jeremy Chief Operating Officer | Sold plan | $127.2k3.1k shares |
| 2023-11-15 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $267.6k6.6k shares |
| 2023-11-15 | Rock Jennifer Chief Accounting Officer | Sold | $237.5k5.8k shares |
| 2023-11-15 | Hofmann Jeremy Chief Financial Officer | Sold | $196.5k4.8k shares |
| 2023-11-15 | Daimler Susan President of Zillow | Sold | $187.5k4.6k shares |
| 2023-11-15 | Wacksman Jeremy Chief Operating Officer | Sold plan | $184.0k4.5k shares |
| 2023-11-15 | Beitel David A. Chief Technology Officer | Sold | $183.6k4.5k shares |
| 2023-11-15 | Spaulding Dan Chief People Officer | Sold | $129.4k3.2k shares |
| 2023-11-15 | Daimler Susan President of Zillow | Sold | $115.5k2.8k shares |
| 2023-11-15 | Owens Bradley D. General Counsel | Sold | $50.1k1.2k shares |
| 2023-11-14 | Daimler Susan President of Zillow | Sold | $143.3k3.7k shares |
| 2023-11-14 | Daimler Susan President of Zillow · By Spouse | Sold | $110.0k2.8k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q4 2023
| Manager | Shares | Change |
|---|---|---|
| Caledonia (Private) Investments Pty Ltd 19.00% of their portfolio | 15.8m $896.0m | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 8.1m $456.9m | Added +1.7m |
| BlackRock Inc. 0.00% of their portfolio | 2.5m $141.0m | Added +142.6k |
| Independent Franchise Partners LLP 1.08% of their portfolio | 2.2m $127.3m | Reduced -111.6k |
| NORGES BANK 0.02% of their portfolio | 1.8m $102.1m | Added +3.4k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.24% of their portfolio | 1.5m $86.0m | Added +550.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 972.7k $55.2m | Added +28.2k |
| STATE STREET CORP 0.00% of their portfolio | 800.2k $45.4m | Added +27.3k |
| BANK OF MONTREAL /CAN/ 0.02% of their portfolio | 639.0k $59.9m | Added +261.5k |
| MORGAN STANLEY 0.00% of their portfolio | 616.2k $34.9m | Added +411.4k |
| Qube Research & Technologies Ltd 0.07% of their portfolio | 580.4k $32.9m | Reduced -366.2k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 557.3k $31.6m | Added +451.5k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 531.0k $30.1m | Reduced -273.6k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.11% of their portfolio | 478.6k $27.1m | Added +137.1k |
| TYBOURNE CAPITAL MANAGEMENT (HK) LTD 3.75% of their portfolio | 444.2k $25.2m | Added +413.1k |
| UBS Group AG 0.01% of their portfolio | 420.2k $23.8m | Added +177.3k |
| Camelot Capital Partners, LLC 15.45% of their portfolio | 385.8k $21.9m | First filing |
| Technology Crossover Management VIII, Ltd. 1.95% of their portfolio | 384.3k $21.8m | Unchanged |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 377.6k $21.4m | Reduced -17.7k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 313.2k $17.8m | Added +216 |
| CQS (US), LLC 1.94% of their portfolio | 311.6k $17.7m | Added +83.1k |
| Fayez Sarofim & Co 0.05% of their portfolio | 310.9k $16.6m | Unchanged |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.02% of their portfolio | 301.3k $17.1m | Added +5.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 249.5k $14.2m | Added +11.2k |
| JAT Capital Mgmt LP 2.66% of their portfolio | 248.5k $14.1m | Added +238.9k |
| Hook Mill Capital Partners, LP 3.51% of their portfolio | 234.6k $13.3m | Added +95.0k |
| Selkirk Management LLC 8.96% of their portfolio | 233.5k $13.2m | Added +48.0k |
| Think Investments LP 3.29% of their portfolio | 233.2k $13.2m | Unchanged |
| BAILLIE GIFFORD & CO 0.01% of their portfolio | 203.5k $11.5m | Reduced -98.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 194.3k $11.0m | Added +54.7k |
| MARSHALL WACE, LLP 0.02% of their portfolio | 186.8k $10.6m | Reduced -16.9k |
| COATUE MANAGEMENT LLC 0.04% of their portfolio | 185.7k $10.5m | Reduced -296.6k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 180.9k $10.3m | Added +83.1k |
| RAYMOND JAMES & ASSOCIATES 0.01% of their portfolio | 177.4k $10.1m | Reduced -25.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 176.4k $10.0m | Added +2.4k |
| US BANCORP \DE\ 0.01% of their portfolio | 172.5k $9.8m | Reduced -4.9k |
| Man Group plc 0.03% of their portfolio | 166.2k $9.4m | New |
| FMR LLC 0.00% of their portfolio | 140.1k $7.9m | Reduced -1.5m |
| Legal & General Group Plc 0.00% of their portfolio | 124.5k $7.1m | Added +4.7k |
| FEDERATED HERMES, INC. 0.02% of their portfolio | 117.6k $6.7m | Reduced -8.4k |
| California Public Employees Retirement System 0.01% of their portfolio | 116.2k $6.6m | Reduced -5.2k |
| BERKSHIRE CAPITAL HOLDINGS INC 3.00% of their portfolio | 114.6k $6.6m | Added +114.6k |
| Tabor Asset Management, LP 3.02% of their portfolio | 113.7k $6.4m | Added +10.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 113.6k $6.4m | Added +24.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 109.8k $6.2m | Reduced -39.0k |
| Invesco Ltd. 0.00% of their portfolio | 106.3k $6.0m | Reduced -43.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 104.6k $5.9m | Added +14.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 100.6k $5.7m | Reduced -40.7k |
| Technology Crossover Management IX, Ltd. 0.49% of their portfolio | 100.0k $5.7m | Unchanged |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 96.9k $5.5m | Added +34.6k |
| OCONNOR, A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS (LLC) 0.17% of their portfolio | 93.5k $5.3m | Not comparable |
| Laird Norton Wetherby Trust Company, LLC 0.53% of their portfolio | 79.3k $4.5m | Reduced -2.2k |
| GSA CAPITAL PARTNERS LLP 0.37% of their portfolio | 78.3k $4.4m | Added +25.3k |
| Shannon River Fund Management LLC 1.21% of their portfolio | 77.3k $4.4m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 67.8k $3.8m | Added +77 |
| PINEBRIDGE INVESTMENTS, L.P. 0.03% of their portfolio | 65.1k $3.7m | Reduced -30.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 64.6k $3.7m | Added +739 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 63.2k $3.6m | Unchanged |
| Flight Deck Capital, LP 4.34% of their portfolio | 62.6k $3.6m | New |
| REGIONS FINANCIAL CORP 0.03% of their portfolio | 62.6k $3.6m | Reduced -4.2k |
| Mint Tower Capital Management B.V. 1.09% of their portfolio | 62.0k $3.5m | Added +38.7k |
| Polar Asset Management Partners Inc. 0.09% of their portfolio | 59.8k $3.4m | New |
| Garde Capital, Inc. 0.26% of their portfolio | 59.5k $3.4m | Reduced -83 |
| PGGM Investments 0.05% of their portfolio | 56.4k $3.2m | Reduced -4.2k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 55.7k $3.2m | Added +43.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 55.5k $3.1m | Reduced -9.9k |
| Virtu Financial LLC 0.24% of their portfolio | 52.6k $3.0m | Reduced -32.6k |
| HARTLINE INVESTMENT CORP/ 0.48% of their portfolio | 52.5k $3.0m | Added +4.6k |
| ALERUS FINANCIAL NA 0.24% of their portfolio | 51.2k $2.9m | New |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 49.9k $2.8m | Added +30.7k |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 48.5k $2.8m | Added +15.0k |
| EFG Asset Management (North America) Corp. 0.50% of their portfolio | 46.3k $2.6m | Reduced -16.6k |
| CWM, LLC 0.01% of their portfolio | 46.1k $2.6m | Added +44.9k |
| Amundi 0.00% of their portfolio | 45.0k $2.4m | Added +16.7k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 44.4k $2.5m | Reduced -4.3k |
| Silvant Capital Management LLC 0.13% of their portfolio | 42.8k $2.4m | Unchanged |
| Wealthfront Advisers LLC 0.01% of their portfolio | 42.8k $2.4m | Added +23.3k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 42.6k $2.4m | Added +14.8k |
| HRT FINANCIAL LP 0.02% of their portfolio | 40.2k $2.3m | Added +30.6k |
| Baird Financial Group, Inc. 0.01% of their portfolio | 39.0k $2.2m | Reduced -2.4k |
| Desjardins Global Asset Management Inc. 0.24% of their portfolio | 38.2k $2.2m | Added +416 |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 37.5k $2.1m | Added +225 |
| TWO SIGMA INVESTMENTS, LP 0.01% of their portfolio | 37.3k $2.1m | Added +4.1k |
| BANCO BILBAO VIZCAYA ARGENTARIA, S.A. 0.02% of their portfolio | 34.5k $2.0m | Added +5.3k |
| WOLVERINE TRADING, LLC 0.01% of their portfolio | 33.8k $1.9m | Added +14.3k |
| EFG Private Wealth Management (Americas) Corp. 0.40% of their portfolio | 32.4k $1.8m | Reduced -2.2k |
| Nishkama Capital, LLC 0.47% of their portfolio | 31.8k $1.8m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 31.0k $1.8m | Added +660 |
| Balyasny Asset Management L.P. 0.00% of their portfolio | 30.2k $1.7m | New |
| GREENOAKS LLC 0.18% of their portfolio | 27.9k $1.6m | Unchanged |
| TWO SIGMA ADVISERS, LP 0.00% of their portfolio | 27.1k $1.5m | Added +6.6k |
| Illinois Municipal Retirement Fund 0.03% of their portfolio | 26.8k $1.5m | Unchanged |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 24.5k $1.4m | Added +230 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.01% of their portfolio | 23.5k $1.3m | Added +678 |
| BARCLAYS PLC 0.00% of their portfolio | 23.4k $1.3m | Added +3.8k |
| Garner Asset Management Corp 0.62% of their portfolio | 23.1k $1.3m | Reduced -4.7k |
| China Universal Asset Management Co., Ltd. 0.25% of their portfolio | 23.0k $1.3m | New |
| L & S Advisors Inc 0.16% of their portfolio | 22.5k $1.3m | New |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 22.1k $1.3m | Added +250 |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.00% of their portfolio | 21.3k $1.2m | Reduced -1.1k |