ZILLOW GROUP INC Z
CL C CAP STK · Common Stock · CUSIP 98954M200 · ISIN US98954M2008
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 ($4.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $46.15. Options: 39 managers hold calls ($989.9m notional), 40 hold puts ($517.0m).
Trends to Q3 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 386 |
| Q4 2022 | 392 |
| Q1 2023 | 404 |
| Q2 2023 | 426 |
| Q3 2023 | 410 |
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 | 164 | 199 |
| Q1 2023 | 191 | 181 |
| Q2 2023 | 200 | 179 |
| Q3 2023 | 164 | 214 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2022 | $783.8m | $460.5m | 0.59 |
| Q1 2023 | $533.8m | $444.7m | 0.83 |
| Q2 2023 | $591.0m | $467.8m | 0.79 |
| Q3 2023 | $989.9m | $517.0m | 0.52 |
Biggest buyers
| FMR LLC | Added | +2.3m |
| Dorsal Capital Management, LP | Added | +1.8m |
| BANK OF MONTREAL /CAN/ | Added | +1.5m |
| Ninety One UK Ltd | New | +1.5m |
| Capital World Investors | Added | +1.2m |
| JANE STREET GROUP, LLC | Added | +1.1m |
| BlackRock Inc. | Added | +839.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Added | +553.8k |
| Contour Asset Management LLC | Added | +464.8k |
| CITADEL ADVISORS LLC | Added | +390.8k |
Biggest sellers
| CITIGROUP INC | Reduced | -1.7m |
| Pacer Advisors, Inc. | Reduced | -1.4m |
| JPMORGAN CHASE & CO | Reduced | -1.1m |
| PRUDENTIAL FINANCIAL INC | Reduced | -920.0k |
| UBS Group AG | Reduced | -622.0k |
| MOORE CAPITAL MANAGEMENT, LP | Sold out | -499.3k |
| Akaris Global Partners, LP | Sold out | -484.4k |
| MARSHALL WACE, LLP | Reduced | -480.4k |
| DEUTSCHE BANK AG\ | Reduced | -382.1k |
| Contrarius Investment Management Ltd | Sold out | -381.7k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $232.3m5.0m shares |
| CITIGROUP INC | Added | $131.4m2.8m shares |
| CITADEL ADVISORS LLC | Added | $127.6m2.8m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $72.7m1.6m shares |
| GOLDMAN SACHS GROUP INC | Added | $59.6m1.3m shares |
| Walleye Trading LLC | Added | $49.3m1.1m shares |
| BARCLAYS PLC | Added | $43.4m940.0k shares |
| D. E. Shaw & Co., Inc. | Added | $31.7m687.4k shares |
| SIMPLEX TRADING, LLC | Added | $23.7m514.1k shares |
| Lombard Odier Asset Management (USA) Corp | Unchanged | $23.1m500.0k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $87.6m1.9m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $83.2m1.8m shares |
| Walleye Trading LLC | Added | $41.7m902.9k shares |
| JANE STREET GROUP, LLC | Reduced | $31.7m686.1k shares |
| GOLDMAN SACHS GROUP INC | New | $28.6m619.8k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $23.9m517.7k shares |
| UBS Group AG | Added | $23.1m500.8k shares |
| BARCLAYS PLC | Added | $20.1m436.0k shares |
| Balyasny Asset Management L.P. | New | $19.6m425.0k shares |
| Squarepoint Ops LLC | Reduced | $17.1m369.6k 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 +6.3 pts · filed 2025-11-14 | 23.4% |
| Independent Franchise Partners LLP 13G · institution +2.0 pts · filed 2026-08-13 | 9.0% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.5% |
Fell to 5% or below in the last year: BlackRock, Inc. (4.3%, 2026-07-30), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC), FMR LLC (4.8%, 2026-02-05)
Insider purchases and sales in Q3 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 |
|---|---|---|---|---|---|
| Q4 2021 | 0 | — | 11 | $6.1m | — |
| 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 |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-08-30 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $1.0m19.0k shares |
| 2023-08-18 | Hofmann Jeremy Chief Financial Officer | Sold | $697.9k14.0k shares |
| 2023-08-18 | Wacksman Jeremy Chief Operating Officer | Sold plan | $350.5k7.0k shares |
| 2023-08-18 | Spaulding Dan Chief People Officer | Sold | $246.5k4.9k shares |
| 2023-08-18 | Owens Bradley D. General Counsel | Sold plan | $93.5k1.9k shares |
| 2023-08-16 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $304.7k5.7k shares |
| 2023-08-16 | Hofmann Jeremy Chief Financial Officer | Sold | $263.8k4.9k shares |
| 2023-08-16 | Daimler Susan President of Zillow | Sold | $256.2k4.8k shares |
| 2023-08-16 | Wacksman Jeremy Chief Operating Officer | Sold plan | $251.5k4.7k shares |
| 2023-08-16 | Beitel David A. Chief Technology Officer | Sold | $250.9k4.7k shares |
| 2023-08-16 | Rock Jennifer Chief Accounting Officer | Sold | $190.0k3.5k shares |
| 2023-08-16 | Spaulding Dan Chief People Officer | Sold | $176.9k3.3k shares |
| 2023-08-16 | Daimler Susan President of Zillow | Sold | $127.3k2.4k shares |
| 2023-08-16 | Owens Bradley D. General Counsel | Sold plan | $51.6k961 shares |
| 2023-08-03 | Rock Jennifer Chief Accounting Officer | Sold | $611.8k11.6k 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, Q3 2023
| Manager | Shares | Change |
|---|---|---|
| Caledonia (Private) Investments Pty Ltd 41.55% of their portfolio | 36.4m $1.7bn | Unchanged |
| VANGUARD GROUP INC 0.03% of their portfolio | 22.8m $1.1bn | Reduced -26.0k |
| Independent Franchise Partners LLP 5.45% of their portfolio | 13.6m $628.9m | Reduced -95.1k |
| BlackRock Inc. 0.01% of their portfolio | 10.2m $471.9m | Added +839.9k |
| Capital World Investors 0.08% of their portfolio | 8.6m $398.7m | Added +1.2m |
| Contour Asset Management LLC 7.63% of their portfolio | 3.5m $160.3m | Added +464.8k |
| FMR LLC 0.01% of their portfolio | 3.5m $159.3m | Added +2.3m |
| Dorsal Capital Management, LP 5.42% of their portfolio | 3.3m $152.3m | Added +1.8m |
| STATE STREET CORP 0.01% of their portfolio | 3.3m $151.1m | Added +7.0k |
| EMINENCE CAPITAL, LP 2.82% of their portfolio | 3.1m $142.4m | Added +329.2k |
| Technology Crossover Management IX, Ltd. 12.70% of their portfolio | 3.0m $140.7m | Unchanged |
| BANK OF MONTREAL /CAN/ 0.05% of their portfolio | 2.7m $130.5m | Added +1.5m |
| Technology Crossover Management VIII, Ltd. 11.09% of their portfolio | 2.7m $126.2m | Unchanged |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 2.7m $125.9m | Added +41.2k |
| MORGAN STANLEY 0.01% of their portfolio | 2.7m $123.2m | Added +353.7k |
| BARCLAYS PLC 0.07% of their portfolio | 2.3m $106.0m | Added +221.8k |
| BAILLIE GIFFORD & CO 0.09% of their portfolio | 2.3m $104.0m | Reduced -215.2k |
| JANE STREET GROUP, LLC 0.13% of their portfolio | 1.8m $81.3m | Added +1.1m |
| Ninety One UK Ltd 0.21% of their portfolio | 1.5m $67.8m | New |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.4m $64.4m | Added +266.0k |
| FIRST TRUST ADVISORS LP 0.07% of their portfolio | 1.3m $61.1m | Added +75.0k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.3m $59.1m | Added +70.8k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 1.49% of their portfolio | 1.3m $58.2m | Reduced -31.3k |
| COATUE MANAGEMENT LLC 0.28% of their portfolio | 1.2m $54.4m | Unchanged |
| Bank of New York Mellon Corp 0.01% of their portfolio | 1.0m $47.4m | Reduced -5.2k |
| Invesco Ltd. 0.01% of their portfolio | 1.0m $46.4m | Added +359.0k |
| NATIONAL BANK OF CANADA /FI/ 0.08% of their portfolio | 1.0m $45.7m | Reduced -240.1k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 977.4k $45.1m | Added +62.8k |
| Connor, Clark & Lunn Investment Management Ltd. 0.22% of their portfolio | 909.7k $42.0m | Added +112.7k |
| Legal & General Group Plc 0.01% of their portfolio | 822.3k $38.0m | Reduced -25.5k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 803.3k $37.1m | Added +265.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 783.1k $36.1m | Added +52.5k |
| NATIXIS 0.27% of their portfolio | 751.1k $34.7m | Added +141.0k |
| MINOT CAPITAL, LP 6.75% of their portfolio | 717.2k $33.1m | Unchanged |
| Robeco Institutional Asset Management B.V. 0.08% of their portfolio | 633.6k $29.2m | Added +206.1k |
| Pertento Partners LLP 6.41% of their portfolio | 621.5k $28.7m | Added +22.8k |
| CITIGROUP INC 0.04% of their portfolio | 604.7k $27.9m | Reduced -1.7m |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 592.4k $27.3m | Reduced -36.2k |
| Fayez Sarofim & Co 0.09% of their portfolio | 577.9k $26.7m | Added +2.4k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 576.5k $26.6m | Added +553.8k |
| Valiant Capital Management, L.P. 3.13% of their portfolio | 566.3k $26.1m | Reduced -111.0k |
| NORGES BANK 0.01% of their portfolio | 548.0k $25.3m | Added +172.1k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 527.0k $24.3m | Reduced -46.6k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 501.1k $23.1m | Reduced -72.3k |
| Greencape Capital Pty Ltd 12.45% of their portfolio | 497.8k $23.0m | Reduced -4.1k |
| BNP PARIBAS FINANCIAL MARKETS 0.05% of their portfolio | 492.6k $22.7m | Added +12.6k |
| Swiss National Bank 0.02% of their portfolio | 492.4k $22.7m | Reduced -59.8k |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 475.7k $22.0m | Reduced -57.6k |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 450.7k $20.8m | Added +390.8k |
| NORDEA INVESTMENT MANAGEMENT AB 0.03% of their portfolio | 426.6k $19.9m | Added +372.5k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 408.8k $18.9m | Reduced -116.1k |
| TB Alternative Assets Ltd. 4.96% of their portfolio | 395.4k $18.3m | Added +98.6k |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 394.9k $18.2m | Reduced -2.0k |
| Amundi 0.01% of their portfolio | 393.6k $16.8m | Added +248.3k |
| Wildcat Capital Management, LLC 7.26% of their portfolio | 391.7k $18.1m | Unchanged |
| Holocene Advisors, LP 0.08% of their portfolio | 381.9k $17.6m | Added +314.6k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 370.2k $17.1m | Reduced -235.0k |
| VISTA EQUITY PARTNERS MANAGEMENT, LLC 0.42% of their portfolio | 360.0k $16.6m | Added +106.3k |
| ING GROEP NV 0.14% of their portfolio | 354.4k $16.4m | New |
| Caption Management, LLC 2.00% of their portfolio | 335.9k $15.5m | Added +261.5k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 326.3k $15.1m | Added +195.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 316.8k $14.6m | Reduced -82.6k |
| UBS Group AG 0.01% of their portfolio | 316.3k $14.6m | Reduced -622.0k |
| HAP Trading, LLC 3.38% of their portfolio | 295.8k $13.7m | New |
| J. Goldman & Co LP 0.67% of their portfolio | 292.4k $13.5m | Added +180.0k |
| California Public Employees Retirement System 0.01% of their portfolio | 282.2k $13.0m | Reduced -6.8k |
| Yost Capital Management, LP 13.31% of their portfolio | 267.8k $12.4m | Reduced -30.0k |
| KBC Group NV 0.05% of their portfolio | 263.5k $12.2m | Added +1.0k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 261.5k $12.1m | Added +68.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 257.8k $11.9m | Reduced -1.1m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 257.2k $11.9m | Added +2.8k |
| Coronation Fund Managers Ltd. 0.33% of their portfolio | 237.7k $11.0m | Added +13.9k |
| IVY LANE CAPITAL MANAGEMENT, LLC 8.05% of their portfolio | 233.0k $10.8m | Added +11.0k |
| DEEPWATER ASSET MANAGEMENT, LLC 4.69% of their portfolio | 221.3k $10.2m | Reduced -772 |
| NewEdge Wealth, LLC 0.32% of their portfolio | 220.8k $10.2m | Added +10.4k |
| NZS Capital, LLC 0.55% of their portfolio | 219.7k $10.1m | Reduced -2.2k |
| Garde Capital, Inc. 0.81% of their portfolio | 205.4k $9.5m | Added +7.4k |
| Avory & Company, LLC 7.66% of their portfolio | 195.4k $9.0m | Reduced -29.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 190.4k $8.8m | Reduced -4.8k |
| Swedbank AB 0.02% of their portfolio | 186.6k $8.6m | Unchanged |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 182.6k $8.4m | Added +33.0k |
| Parallax Volatility Advisers, L.P. 0.29% of their portfolio | 179.9k $8.3m | Added +94.2k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 173.1k $8.0m | Reduced -382.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 168.8k $7.8m | Added +230 |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 164.9k $7.6m | Reduced -92.7k |
| Amova Asset Management Americas, Inc. 0.09% of their portfolio | 160.0k $7.4m | Reduced -3.5k |
| WOLVERINE TRADING, LLC 0.07% of their portfolio | 154.1k $7.1m | Added +81.2k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 153.3k $7.1m | Reduced -8.2k |
| Laird Norton Wetherby Trust Company, LLC 0.91% of their portfolio | 152.9k $7.1m | Added +414 |
| Half Sky Capital (UK) Ltd 4.20% of their portfolio | 152.3k $7.0m | Reduced -366.4k |
| Andra AP-fonden 0.39% of their portfolio | 143.9k $6.6m | Added +7.2k |
| Hudson Bay Capital Management LP 0.03% of their portfolio | 140.0k $6.5m | New |
| NOMURA HOLDINGS INC 0.07% of their portfolio | 136.2k $6.3m | Reduced -7.1k |
| CONTRAVISORY INVESTMENT MANAGEMENT, INC. 1.72% of their portfolio | 132.0k $6.1m | Reduced -2.6k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 131.0k $6.0m | Added +11.2k |
| Tredje AP-fonden 0.09% of their portfolio | 125.3k $5.8m | Reduced -2.7k |
| FORSTA AP-FONDEN 0.06% of their portfolio | 120.6k $5.6m | Reduced -39.4k |
| HRT FINANCIAL LP 0.05% of their portfolio | 114.8k $5.3m | Reduced -37.6k |
| Achmea Investment Management B.V. 0.11% of their portfolio | 108.9k $5.0m | Reduced -50.2k |
| CANNELL CAPITAL LLC 1.17% of their portfolio | 108.7k $5.0m | Reduced -47.4k |