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 ≈ $68.49. Options: 12 managers hold calls ($18.3m notional), 10 hold puts ($40.0m).
Trends to Q2 2025
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 |
| Q1 2024 | 259 |
| Q2 2024 | 248 |
| Q3 2024 | 279 |
| Q4 2024 | 312 |
| Q1 2025 | 286 |
| Q2 2025 | 282 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 105 | 132 |
| Q4 2023 | 127 | 126 |
| Q1 2024 | 122 | 132 |
| Q2 2024 | 103 | 137 |
| Q3 2024 | 132 | 120 |
| Q4 2024 | 138 | 122 |
| Q1 2025 | 133 | 145 |
| Q2 2025 | 130 | 139 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $49.0m | $17.1m | 0.35 |
| Q4 2024 | $21.2m | $13.6m | 0.64 |
| Q1 2025 | $22.3m | $41.5m | 1.86 |
| Q2 2025 | $18.3m | $40.0m | 2.18 |
Biggest buyers
| ROYAL BANK OF CANADA | Added | +591.5k |
| VANGUARD GROUP INC | Added | +472.1k |
| MILLENNIUM MANAGEMENT LLC | Added | +440.2k |
| FMR LLC | Added | +322.6k |
| TIGER GLOBAL MANAGEMENT LLC | Added | +102.0k |
| Qube Research & Technologies Ltd | New | +62.8k |
| OGBORNE CAPITAL MANAGEMENT, LLC | Added | +50.0k |
| Barrier Capital Management, LLC | Added | +46.4k |
| Nellore Capital Management LLC | Added | +45.9k |
| STATE STREET CORP | Added | +39.6k |
Biggest sellers
| STATE OF WISCONSIN INVESTMENT BOARD | Reduced | -872.4k |
| Caledonia (Private) Investments Pty Ltd | Reduced | -575.4k |
| Balyasny Asset Management L.P. | Reduced | -196.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Sold out | -182.0k |
| COATUE MANAGEMENT LLC | Reduced | -154.1k |
| Driehaus Capital Management LLC | Sold out | -149.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | -135.4k |
| UBS Group AG | Reduced | -119.1k |
| Virtu Financial LLC | Reduced | -105.8k |
| MARK ASSET MANAGEMENT LP | Reduced | -98.5k |
Biggest calls
| Twin Tree Management, LP | Reduced | $3.9m57.0k shares |
| CITADEL ADVISORS LLC | Added | $3.7m54.6k shares |
| GARDA CAPITAL PARTNERS LP | Reduced | $2.8m41.6k shares |
| ROYAL BANK OF CANADA | Added | $2.3m34.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.6m23.6k shares |
| JANE STREET GROUP, LLC | Reduced | $1.2m17.9k shares |
| IMC-Chicago, LLC | Reduced | $986.3k14.4k shares |
| WOLVERINE TRADING, LLC | Reduced | $757.0k11.1k shares |
| D. E. Shaw & Co., Inc. | Reduced | $719.1k10.5k shares |
| Walleye Trading LLC | Reduced | $171.2k2.5k shares |
Biggest puts
| Twin Tree Management, LP | Reduced | $26.9m393.2k shares |
| CITADEL ADVISORS LLC | Reduced | $3.8m56.2k shares |
| GARDA CAPITAL PARTNERS LP | Reduced | $3.7m54.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.5m50.6k shares |
| WOLVERINE TRADING, LLC | Reduced | $804.8k11.8k shares |
| JANE STREET GROUP, LLC | Reduced | $616.4k9.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | Unchanged | $479.4k70 shares |
| Walleye Trading LLC | Reduced | $89.0k1.3k shares |
| GROUP ONE TRADING LLC | Reduced | $27.4k400 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 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 Q2 2025
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 |
|---|---|---|---|---|---|
| Q3 2023 | 0 | — | 8 | $4.9m | $747.1k |
| Q4 2023 | 0 | — | 9 | $3.8m | $493.3k |
| Q1 2024 | 0 | — | 10 | $14.4m | $7.5m |
| Q2 2024 | 1 | $100.0m | 9 | $3.7m | $1.4m |
| Q3 2024 | 0 | — | 13 | $12.9m | $2.8m |
| Q4 2024 | 0 | — | 13 | $25.0m | $4.7m |
| Q1 2025 | 0 | — | 10 | $11.2m | $5.5m |
| Q2 2025 | 0 | — | 11 | $8.5m | $3.2m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-12 | Cormier Thielke Claire Director | Sold plan | $17.0k241 shares |
| 2025-06-09 | BLACHFORD ERIK C Director | Sold plan | $67.9k965 shares |
| 2025-05-16 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $757.7k11.0k shares |
| 2025-05-16 | Hofmann Jeremy Chief Financial Officer | Sold plan | $549.0k8.0k shares |
| 2025-05-16 | Spaulding Dan Chief People Officer | Sold plan | $381.7k5.5k shares |
| 2025-05-16 | Owens Bradley D. General Counsel | Sold plan | $239.0k3.5k shares |
| 2025-05-14 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $509.3k7.4k shares |
| 2025-05-14 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $477.8k7.0k shares |
| 2025-05-14 | Hofmann Jeremy Chief Financial Officer | Sold plan | $369.2k5.4k shares |
| 2025-05-14 | Spaulding Dan Chief People Officer | Sold plan | $256.7k3.7k shares |
| 2025-05-14 | Beitel David A. Chief Technology Officer | Sold | $250.1k3.6k shares |
| 2025-05-14 | Choo Jun Chief Operating Officer | Sold | $212.0k3.1k shares |
| 2025-05-14 | Rock Jennifer Chief Accounting Officer | Sold | $195.1k2.8k shares |
| 2025-05-14 | Owens Bradley D. General Counsel | Sold plan | $79.3k1.2k shares |
| 2025-05-13 | Stephenson Gordon Sheridan Director | Sold | $706.9k10.0k shares |
| 2025-05-12 | Choo Jun Chief Operating Officer | Sold | $706.5k10.0k shares |
| 2025-05-09 | Choo Jun Chief Operating Officer | Sold | $1.5m22.6k shares |
| 2025-05-08 | Choo Jun Chief Operating Officer | Sold | $806.3k11.7k shares |
| 2025-05-08 | Rock Jennifer Chief Accounting Officer | Sold | $408.2k6.0k 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, Q2 2025
| Manager | Shares | Change |
|---|---|---|
| Caledonia (Private) Investments Pty Ltd 13.44% of their portfolio | 12.3m $845.6m | Reduced -575.4k |
| VANGUARD GROUP INC 0.01% of their portfolio | 7.5m $511.9m | Added +472.1k |
| BlackRock, Inc. 0.00% of their portfolio | 2.5m $170.7m | Added +38.5k |
| NORGES BANK 0.02% of their portfolio | 2.3m $159.8m | Added +22.4k |
| Independent Franchise Partners LLP 0.93% of their portfolio | 2.0m $139.6m | Reduced -21.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.22% of their portfolio | 1.3m $88.7m | Reduced -872.4k |
| FMR LLC 0.00% of their portfolio | 1.2m $79.2m | Added +322.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 1.0m $70.0m | Reduced -24.3k |
| TIGER GLOBAL MANAGEMENT LLC 0.20% of their portfolio | 1.0m $68.8m | Added +102.0k |
| STATE STREET CORP 0.00% of their portfolio | 796.4k $54.5m | Added +39.6k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 731.2k $50.1m | Added +440.2k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 656.3k $45.0m | Added +591.5k |
| UBS Group AG 0.01% of their portfolio | 596.2k $40.8m | Reduced -119.1k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 563.2k $38.6m | Reduced -135.4k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 489.9k $33.6m | Added +37.5k |
| Technology Crossover Management VIII, Ltd. 5.73% of their portfolio | 384.3k $26.3m | Unchanged |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 374.5k $25.7m | Reduced -1.9k |
| Selkirk Management LLC 7.41% of their portfolio | 365.8k $25.1m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 348.4k $23.9m | Reduced -67.9k |
| Fayez Sarofim & Co 0.05% of their portfolio | 333.0k $22.8m | Reduced -29.1k |
| COATUE MANAGEMENT LLC 0.06% of their portfolio | 328.2k $22.5m | Reduced -154.1k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 241.0k $16.5m | Reduced -7.8k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 215.4k $14.8m | Reduced -3.3k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 198.7k $13.6m | Reduced -196.4k |
| GREAT LAKES ADVISORS, LLC 0.11% of their portfolio | 191.3k $13.1m | Reduced -26.2k |
| MORGAN STANLEY 0.00% of their portfolio | 180.9k $12.4m | Reduced -29.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 173.2k $11.9m | Added +28.0k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 172.9k $11.8m | Reduced -144 |
| Twin Tree Management, LP 0.29% of their portfolio | 169.8k $11.6m | Added +15.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 153.6k $10.5m | Added +26.5k |
| OGBORNE CAPITAL MANAGEMENT, LLC 2.55% of their portfolio | 150.0k $10.3m | Added +50.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 138.5k $9.5m | Added +9.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 134.2k $9.2m | Reduced -17.3k |
| Barrier Capital Management, LLC 5.79% of their portfolio | 123.7k $8.5m | Added +46.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 121.7k $8.3m | Added +713 |
| Nuveen, LLC 0.00% of their portfolio | 118.7k $8.1m | Reduced -15.2k |
| CWM, LLC 0.03% of their portfolio | 115.6k $7.9m | Reduced -2.5k |
| Garde Capital, Inc. 0.39% of their portfolio | 107.4k $7.4m | Added +17 |
| Technology Crossover Management IX, Ltd. 0.55% of their portfolio | 100.0k $6.8m | Unchanged |
| Ninety One UK Ltd 0.02% of their portfolio | 98.5k $6.7m | Reduced -1.6k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 93.4k $6.4m | Added +23.8k |
| Nellore Capital Management LLC 0.71% of their portfolio | 92.2k $6.3m | Added +45.9k |
| BAILLIE GIFFORD & CO 0.00% of their portfolio | 91.5k $6.3m | Reduced -798 |
| CreativeOne Wealth, LLC 0.16% of their portfolio | 91.2k $6.2m | Reduced -44.9k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 87.9k $6.0m | Added +3 |
| US BANCORP \DE\ 0.01% of their portfolio | 83.8k $5.7m | Reduced -22.1k |
| Virtu Financial LLC 0.28% of their portfolio | 79.0k $5.4m | Reduced -105.8k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 70.6k $4.8m | Reduced -2.3k |
| Legal & General Group Plc 0.00% of their portfolio | 69.1k $4.7m | Reduced -4.9k |
| HARTLINE INVESTMENT CORP/ 0.53% of their portfolio | 68.4k $4.7m | Reduced -4.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 64.0k $4.4m | Added +12.9k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 62.8k $4.3m | New |
| CITIGROUP INC 0.00% of their portfolio | 59.8k $4.1m | Reduced -92 |
| Invesco Ltd. 0.00% of their portfolio | 52.5k $3.6m | Added +1.6k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 51.4k $3.5m | Reduced -40 |
| EFG Asset Management (North America) Corp. 0.46% of their portfolio | 48.0k $3.3m | Added +4.8k |
| D L CARLSON INVESTMENT GROUP INC 0.57% of their portfolio | 45.4k $3.1m | Reduced -210 |
| MARSHALL WACE, LLP 0.00% of their portfolio | 45.0k $3.1m | Reduced -20.7k |
| Amundi 0.00% of their portfolio | 44.4k $3.1m | Reduced -13.2k |
| FEDERATED HERMES, INC. 0.01% of their portfolio | 44.4k $3.0m | Reduced -3 |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 44.1k $3.0m | Added +16.1k |
| Silvant Capital Management LLC 0.11% of their portfolio | 41.0k $2.8m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 40.0k $2.7m | Added +2.9k |
| Sound View Wealth Advisors Group, LLC 0.20% of their portfolio | 39.3k $2.7m | New |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 39.0k $2.7m | Reduced -56.7k |
| EFG Private Wealth Management (Americas) Corp. 0.49% of their portfolio | 38.6k $2.6m | Added +3.6k |
| Trexquant Investment LP 0.03% of their portfolio | 38.0k $2.6m | Added +32.5k |
| Farringdon Capital, Ltd. 0.85% of their portfolio | 36.7k $2.5m | New |
| NIA IMPACT ADVISORS, LLC 0.79% of their portfolio | 33.4k $2.3m | Reduced -370 |
| Sone Capital Management, LLC 0.21% of their portfolio | 33.1k $2.3m | Reduced -74.7k |
| Empire Financial Management Company, LLC 0.63% of their portfolio | 31.8k $2.2m | Unchanged |
| ABC ARBITRAGE SA 0.24% of their portfolio | 31.2k $2.1m | Added +24.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 30.8k $2.1m | Added +3.0k |
| TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio | 28.5k $2.0m | Reduced -22.1k |
| BARCLAYS PLC 0.00% of their portfolio | 26.6k $1.8m | Added +4.1k |
| Lido Advisors, LLC 0.01% of their portfolio | 25.7k $1.8m | Added +307 |
| MARK ASSET MANAGEMENT LP 0.21% of their portfolio | 25.0k $1.7m | Reduced -98.5k |
| L & S Advisors Inc 0.17% of their portfolio | 24.5k $1.7m | Added +15 |
| Quantinno Capital Management LP 0.01% of their portfolio | 24.2k $1.7m | Added +6.2k |
| GSA CAPITAL PARTNERS LLP 0.11% of their portfolio | 23.5k $1.6m | New |
| Treasurer of the State of North Carolina 0.01% of their portfolio | 23.3k $1.6m | Added +2.2k |
| NISA INVESTMENT ADVISORS, LLC 0.01% of their portfolio | 21.4k $1.5m | Reduced -130 |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 21.1k $1.4m | Added +1.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 20.7k $1.4m | Added +1.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 20.1k $1.4m | Reduced -705 |
| Verition Fund Management LLC 0.01% of their portfolio | 20.0k $1.4m | Added +14.4k |
| Police & Firemen's Retirement System of New Jersey 0.01% of their portfolio | 19.9k $1.4m | Added +1.7k |
| Baird Financial Group, Inc. 0.00% of their portfolio | 19.7k $1.3m | Reduced -5.5k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 19.2k $1.3m | Unchanged |
| ROYAL LONDON ASSET MANAGEMENT LTD 0.00% of their portfolio | 18.2k $1.2m | Added +247 |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 16.7k $1.1m | Added +3.8k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.05% of their portfolio | 16.5k $1.1m | Reduced -26 |
| PINEBRIDGE INVESTMENTS, L.P. 0.01% of their portfolio | 16.0k $1.1m | New |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio | 15.8k $1.1m | Added +1.2k |
| Handelsbanken Fonder AB 0.00% of their portfolio | 15.7k $1.1m | Added +3.1k |
| Garner Asset Management Corp 0.49% of their portfolio | 15.4k $1.1m | Reduced -1.0k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.00% of their portfolio | 14.8k $1.0m | New |
| Sunbelt Securities, Inc. 0.09% of their portfolio | 14.4k $1.0m | Added +2.2k |
| Unified Investment Management 1.04% of their portfolio | 14.1k $968.7k | Added +235 |
| STRS OHIO 0.00% of their portfolio | 14.1k $963.3k | Added +1.9k |