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 ($4.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $57.86. Options: 40 managers hold calls ($1.7bn notional), 37 hold puts ($667.3m).
Trends to Q4 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 |
| Q4 2023 | 445 |
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 |
| Q4 2023 | 198 | 206 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2023 | $533.8m | $444.7m | 0.83 |
| Q2 2023 | $591.0m | $467.8m | 0.79 |
| Q3 2023 | $989.9m | $517.0m | 0.52 |
| Q4 2023 | $1.7bn | $667.3m | 0.40 |
Biggest buyers
| MORGAN STANLEY | Added | +5.5m |
| JPMORGAN CHASE & CO | Added | +3.4m |
| MARSHALL WACE, LLP | Added | +940.0k |
| BlackRock Inc. | Added | +870.0k |
| CITADEL ADVISORS LLC | Added | +855.0k |
| Candriam S.C.A. | New | +552.9k |
| JANE STREET GROUP, LLC | Added | +444.1k |
| Ninety One UK Ltd | Added | +431.1k |
| Greencape Capital Pty Ltd | Added | +348.4k |
| ROYAL BANK OF CANADA | Added | +288.9k |
Biggest sellers
| BANK OF MONTREAL /CAN/ | Reduced | -2.1m |
| VANGUARD GROUP INC | Reduced | -1.6m |
| EMINENCE CAPITAL, LP | Reduced | -1.5m |
| FIRST TRUST ADVISORS LP | Sold out | -1.3m |
| FMR LLC | Reduced | -1.0m |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -999.9k |
| NATIXIS | Sold out | -751.1k |
| Independent Franchise Partners LLP | Reduced | -653.7k |
| COATUE MANAGEMENT LLC | Reduced | -589.7k |
| Contour Asset Management LLC | Reduced | -582.2k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $309.7m5.4m shares |
| CITADEL ADVISORS LLC | Added | $248.8m4.3m shares |
| CITIGROUP INC | Added | $221.1m3.8m shares |
| EMINENCE CAPITAL, LP | New | $199.1m3.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $111.1m1.9m shares |
| Walleye Trading LLC | Reduced | $51.1m883.9k shares |
| D. E. Shaw & Co., Inc. | Added | $43.4m749.7k shares |
| BARCLAYS PLC | Reduced | $42.3m730.6k shares |
| SIMPLEX TRADING, LLC | Added | $38.9m674.1k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $38.4m663.5k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $102.8m1.8m shares |
| CITADEL ADVISORS LLC | Reduced | $94.0m1.6m shares |
| Walleye Trading LLC | Reduced | $49.3m852.7k shares |
| GOLDMAN SACHS GROUP INC | Reduced | $35.4m612.3k shares |
| SIMPLEX TRADING, LLC | Added | $35.3m609.9k shares |
| UBS Group AG | Added | $34.8m600.8k shares |
| JANE STREET GROUP, LLC | Reduced | $28.9m499.3k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $28.8m498.6k shares |
| Caption Management, LLC | Added | $27.1m469.1k shares |
| BARCLAYS PLC | Added | $26.6m459.4k 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 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 44.66% of their portfolio | 36.4m $2.1bn | Unchanged |
| VANGUARD GROUP INC 0.03% of their portfolio | 21.1m $1.2bn | Reduced -1.6m |
| Independent Franchise Partners LLP 6.38% of their portfolio | 13.0m $750.4m | Reduced -653.7k |
| BlackRock Inc. 0.02% of their portfolio | 11.1m $641.8m | Added +870.0k |
| Capital World Investors 0.09% of their portfolio | 8.6m $498.0m | Reduced -29.4k |
| MORGAN STANLEY 0.02% of their portfolio | 8.2m $474.3m | Added +5.5m |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 3.7m $211.8m | Added +3.4m |
| STATE STREET CORP 0.01% of their portfolio | 3.5m $201.7m | Added +213.2k |
| Dorsal Capital Management, LP 5.71% of their portfolio | 3.0m $176.5m | Reduced -250.0k |
| Technology Crossover Management IX, Ltd. 15.15% of their portfolio | 3.0m $176.3m | Unchanged |
| Contour Asset Management LLC 6.90% of their portfolio | 2.9m $167.2m | Reduced -582.2k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.8m $162.6m | Added +83.8k |
| Technology Crossover Management VIII, Ltd. 14.19% of their portfolio | 2.7m $158.2m | Unchanged |
| FMR LLC 0.01% of their portfolio | 2.4m $140.3m | Reduced -1.0m |
| BARCLAYS PLC 0.07% of their portfolio | 2.2m $129.6m | Reduced -57.0k |
| JANE STREET GROUP, LLC 0.16% of their portfolio | 2.2m $127.6m | Added +444.1k |
| Ninety One UK Ltd 0.33% of their portfolio | 1.9m $109.9m | Added +431.1k |
| BAILLIE GIFFORD & CO 0.09% of their portfolio | 1.9m $107.3m | Reduced -397.5k |
| EMINENCE CAPITAL, LP 1.76% of their portfolio | 1.6m $90.1m | Reduced -1.5m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.5m $85.4m | Added +80.5k |
| CITADEL ADVISORS LLC 0.08% of their portfolio | 1.3m $75.5m | Added +855.0k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 1.59% of their portfolio | 1.2m $69.2m | Reduced -65.5k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.2m $69.2m | Reduced -83.7k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $60.8m | Added +247.5k |
| MARSHALL WACE, LLP 0.11% of their portfolio | 1.0m $58.3m | Added +940.0k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 933.0k $54.0m | Reduced -44.4k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 869.8k $50.3m | Reduced -156.7k |
| Invesco Ltd. 0.01% of their portfolio | 846.5k $49.0m | Reduced -158.7k |
| Greencape Capital Pty Ltd 24.95% of their portfolio | 846.2k $49.0m | Added +348.4k |
| MINOT CAPITAL, LP 8.73% of their portfolio | 828.6k $47.9m | Added +111.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.19% of their portfolio | 816.7k $47.3m | Added +224.3k |
| Connor, Clark & Lunn Investment Management Ltd. 0.22% of their portfolio | 803.4k $46.5m | Reduced -106.4k |
| Legal & General Group Plc 0.01% of their portfolio | 799.5k $46.3m | Reduced -22.8k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.05% of their portfolio | 764.5k $44.2m | Added +188.0k |
| Robeco Institutional Asset Management B.V. 0.09% of their portfolio | 665.2k $38.5m | Added +31.6k |
| Pertento Partners LLP 7.14% of their portfolio | 652.7k $37.8m | Added +31.2k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 636.7k $37.5m | Reduced -2.1m |
| NORGES BANK 0.01% of their portfolio | 600.0k $34.7m | Added +52.0k |
| TB Alternative Assets Ltd. 9.25% of their portfolio | 600.0k $34.7m | Added +204.6k |
| COATUE MANAGEMENT LLC 0.14% of their portfolio | 589.7k $34.1m | Reduced -589.7k |
| Fayez Sarofim & Co 0.10% of their portfolio | 577.9k $31.8m | Unchanged |
| Valiant Capital Management, L.P. 4.08% of their portfolio | 566.3k $32.8m | Unchanged |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 566.2k $32.8m | Reduced -216.8k |
| Candriam S.C.A. 0.22% of their portfolio | 552.9k $32.0m | New |
| HAP Trading, LLC 9.04% of their portfolio | 532.4k $30.8m | Added +236.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 513.6k $29.7m | Reduced -13.3k |
| Swiss National Bank 0.02% of their portfolio | 478.5k $27.7m | Reduced -13.9k |
| D. E. Shaw & Co., Inc. 0.04% of their portfolio | 463.3k $26.8m | Reduced -37.8k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 441.7k $25.6m | Added +124.9k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 436.5k $25.3m | Added +263.4k |
| Nuveen Asset Management, LLC 0.01% of their portfolio | 412.3k $23.9m | Added +3.5k |
| Davidson Kempner Capital Management LP 0.40% of their portfolio | 396.9k $23.0m | Not comparable |
| CREDIT SUISSE AG/ 0.02% of their portfolio | 386.3k $22.4m | Reduced -8.7k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 381.6k $22.1m | Added +11.5k |
| Caption Management, LLC 2.17% of their portfolio | 344.6k $19.9m | Added +8.7k |
| BNP PARIBAS FINANCIAL MARKETS 0.04% of their portfolio | 343.7k $19.9m | Reduced -149.0k |
| Holocene Advisors, LP 0.08% of their portfolio | 337.9k $19.6m | Reduced -44.0k |
| CITIGROUP INC 0.02% of their portfolio | 322.7k $18.7m | Reduced -282.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 318.3k $18.4m | Added +288.9k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 269.1k $15.6m | Added +11.9k |
| Schonfeld Strategic Advisors LLC 0.12% of their portfolio | 261.5k $15.1m | Added +256.5k |
| California Public Employees Retirement System 0.01% of their portfolio | 250.6k $14.5m | Reduced -31.5k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.02% of their portfolio | 244.0k $14.1m | Added +215.1k |
| IVY LANE CAPITAL MANAGEMENT, LLC 8.65% of their portfolio | 235.0k $13.6m | Added +2.0k |
| MANE GLOBAL CAPITAL MANAGEMENT LP 1.29% of their portfolio | 231.7k $13.4m | New |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 222.4k $12.9m | Added +149.3k |
| SANDLER CAPITAL MANAGEMENT 1.55% of their portfolio | 207.0k $12.0m | New |
| Avory & Company, LLC 8.31% of their portfolio | 205.4k $11.9m | Added +9.9k |
| Parallax Volatility Advisers, L.P. 0.32% of their portfolio | 201.7k $11.7m | Added +21.9k |
| Garde Capital, Inc. 0.89% of their portfolio | 201.4k $11.7m | Reduced -4.0k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 193.1k $11.2m | Added +2.7k |
| Swedbank AB 0.02% of their portfolio | 186.6k $10.8m | Unchanged |
| BANK OF NOVA SCOTIA 0.02% of their portfolio | 178.6k $10.3m | New |
| Yost Capital Management, LP 17.34% of their portfolio | 178.6k $10.3m | Reduced -89.2k |
| ING GROEP NV 0.08% of their portfolio | 173.0k $10.0m | Reduced -181.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.04% of their portfolio | 172.9k $10.0m | Reduced -9.6k |
| NewEdge Wealth, LLC 0.25% of their portfolio | 171.7k $9.9m | Reduced -49.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 168.9k $9.8m | Added +57 |
| SIMPLEX TRADING, LLC 0.29% of their portfolio | 162.3k $9.4m | New |
| Jefferies Financial Group Inc. 0.14% of their portfolio | 158.0k $9.1m | Added +101.3k |
| Walleye Trading LLC 0.14% of their portfolio | 156.2k $9.0m | New |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 153.3k $8.9m | New |
| Coronation Fund Managers Ltd. 0.24% of their portfolio | 149.8k $8.7m | Reduced -87.9k |
| Verition Fund Management LLC 0.09% of their portfolio | 149.5k $8.6m | New |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 148.1k $8.6m | Reduced -113.5k |
| Laird Norton Wetherby Trust Company, LLC 1.00% of their portfolio | 146.7k $8.5m | Reduced -6.2k |
| Amundi 0.00% of their portfolio | 146.2k $8.1m | Reduced -247.5k |
| Amova Asset Management Americas, Inc. 0.08% of their portfolio | 146.2k $8.5m | Reduced -13.8k |
| SCOPUS ASSET MANAGEMENT, L.P. 0.35% of their portfolio | 145.0k $8.4m | New |
| Andra AP-fonden 0.41% of their portfolio | 134.2k $7.8m | Reduced -9.7k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 132.9k $7.7m | Added +1.8k |
| Tredje AP-fonden 0.09% of their portfolio | 126.1k $7.3m | Added +768 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 125.0k $7.2m | Reduced -28.3k |
| Maytus Capital Management, LLC 2.89% of their portfolio | 125.0k $7.2m | New |
| CONTRAVISORY INVESTMENT MANAGEMENT, INC. 1.74% of their portfolio | 122.9k $7.1m | Reduced -9.1k |
| J. Goldman & Co LP 0.39% of their portfolio | 119.9k $6.9m | Reduced -172.5k |
| MOORE CAPITAL MANAGEMENT, LP 0.16% of their portfolio | 115.2k $6.7m | New |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 108.1k $6.3m | Added +60.8k |
| Phase 2 Partners, LLC 3.19% of their portfolio | 104.4k $6.0m | New |
| CANNELL CAPITAL LLC 1.35% of their portfolio | 104.4k $6.0m | Reduced -4.3k |