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 ($19.7m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $68.55. Options: 34 managers hold calls ($643.5m notional), 36 hold puts ($374.1m).
Trends to Q1 2025
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 |
| Q1 2024 | 436 |
| Q2 2024 | 425 |
| Q3 2024 | 458 |
| Q4 2024 | 501 |
| Q1 2025 | 500 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2023 | 200 | 179 |
| Q3 2023 | 164 | 214 |
| Q4 2023 | 198 | 206 |
| Q1 2024 | 195 | 214 |
| Q2 2024 | 203 | 206 |
| Q3 2024 | 223 | 201 |
| Q4 2024 | 222 | 217 |
| Q1 2025 | 258 | 225 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2024 | $781.3m | $545.9m | 0.70 |
| Q3 2024 | $899.7m | $483.1m | 0.54 |
| Q4 2024 | $1.0bn | $586.4m | 0.57 |
| Q1 2025 | $643.5m | $374.1m | 0.58 |
Biggest buyers
| TIGER GLOBAL MANAGEMENT LLC | New | +5.2m |
| FMR LLC | Added | +4.3m |
| VANGUARD GROUP INC | Added | +1.6m |
| Capital World Investors | Added | +1.4m |
| MARSHALL WACE, LLP | Added | +823.0k |
| UBS Group AG | Added | +737.0k |
| SCOPUS ASSET MANAGEMENT, L.P. | New | +506.5k |
| Atreides Management, LP | New | +469.1k |
| AQR CAPITAL MANAGEMENT LLC | Added | +419.2k |
| Ninety One UK Ltd | Added | +411.7k |
Biggest sellers
| Caledonia (Private) Investments Pty Ltd | Reduced | -4.8m |
| Contour Asset Management LLC | Reduced | -1.8m |
| Greencape Capital Pty Ltd | Reduced | -802.5k |
| Castle Hook Partners LP | Sold out | -673.7k |
| EMINENCE CAPITAL, LP | Reduced | -482.8k |
| BANK OF AMERICA CORP /DE/ | Reduced | -444.8k |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | -426.1k |
| JPMORGAN CHASE & CO | Reduced | -418.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | Sold out | -397.2k |
| CITIGROUP INC | Reduced | -394.6k |
Biggest calls
| JANE STREET GROUP, LLC | Reduced | $207.4m3.0m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $75.4m1.1m shares |
| CITADEL ADVISORS LLC | Reduced | $66.0m963.0k shares |
| BNP PARIBAS FINANCIAL MARKETS | First filing | $35.4m5.2k shares |
| UBS Group AG | Added | $26.2m382.7k shares |
| IMC-Chicago, LLC | Reduced | $26.0m379.8k shares |
| Twin Tree Management, LP | Reduced | $25.4m370.8k shares |
| Walleye Trading LLC | Reduced | $25.3m368.5k shares |
| WOLVERINE TRADING, LLC | Reduced | $24.8m360.9k shares |
| D. E. Shaw & Co., Inc. | Added | $23.0m335.5k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $60.4m881.2k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $45.0m656.6k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $35.4m516.8k shares |
| UBS Group AG | Reduced | $32.5m474.4k shares |
| Twin Tree Management, LP | Added | $29.7m432.5k shares |
| Portman Square Capital LLP | New | $21.3m310.3k shares |
| PEAK6 LLC | Added | $20.4m297.4k shares |
| D. E. Shaw & Co., Inc. | Reduced | $19.7m287.8k shares |
| IMC-Chicago, LLC | Reduced | $18.5m269.2k shares |
| Walleye Trading LLC | Reduced | $18.4m267.8k 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 +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 Q1 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 |
|---|---|---|---|---|---|
| Q2 2023 | 0 | — | 8 | $3.3m | $650.6k |
| 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 |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-03-26 | Samuelson Errol G Chief Industry Dev. Officer | Sold plan | $209.3k2.9k shares |
| 2025-03-04 | Cormier Thielke Claire Director | Sold plan | $103.3k1.4k shares |
| 2025-03-03 | BLACHFORD ERIK C Director | Sold plan | $106.4k1.4k shares |
| 2025-02-27 | Choo Jun Chief Operating Officer | Sold | $4.3m55.0k shares |
| 2025-02-18 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $871.7k10.8k shares |
| 2025-02-18 | Hofmann Jeremy Chief Financial Officer | Sold plan | $573.5k7.2k shares |
| 2025-02-18 | Spaulding Dan Chief People Officer | Sold plan | $359.2k4.5k shares |
| 2025-02-18 | Owens Bradley D. General Counsel | Sold plan | $178.8k2.2k shares |
| 2025-02-13 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $541.5k7.0k shares |
| 2025-02-13 | Hofmann Jeremy Chief Financial Officer | Sold plan | $365.8k4.7k shares |
| 2025-02-13 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $334.7k4.3k shares |
| 2025-02-13 | Spaulding Dan Chief People Officer | Sold plan | $238.0k3.1k shares |
| 2025-02-13 | Rock Jennifer Chief Accounting Officer | Sold | $159.5k2.1k shares |
| 2025-02-13 | Beitel David A. Chief Technology Officer | Sold | $157.5k2.0k shares |
| 2025-02-13 | Choo Jun Chief Operating Officer | Sold | $99.3k1.3k shares |
| 2025-02-13 | Owens Bradley D. General Counsel | Sold plan | $63.9k822 shares |
| 2025-02-12 | Rock Jennifer Chief Accounting Officer | Sold | $437.6k5.8k shares |
| 2025-01-30 | Hofmann Jeremy Chief Financial Officer | Sold plan | $2.0m23.4k shares |
| 2025-01-28 | Hofmann Jeremy Chief Financial Officer | Sold plan | $137.0k1.6k 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, Q1 2025
| Manager | Shares | Change |
|---|---|---|
| Caledonia (Private) Investments Pty Ltd 34.65% of their portfolio | 31.0m $2.1bn | Reduced -4.8m |
| VANGUARD GROUP INC 0.03% of their portfolio | 22.6m $1.5bn | Added +1.6m |
| FMR LLC 0.06% of their portfolio | 12.9m $882.0m | Added +4.3m |
| Independent Franchise Partners LLP 5.45% of their portfolio | 11.2m $764.7m | Added +271.1k |
| BlackRock, Inc. 0.01% of their portfolio | 8.8m $603.0m | Added +100.8k |
| Capital World Investors 0.10% of their portfolio | 8.6m $591.5m | Added +1.4m |
| TIGER GLOBAL MANAGEMENT LLC 1.34% of their portfolio | 5.2m $357.5m | New |
| Ninety One UK Ltd 0.77% of their portfolio | 4.0m $276.3m | Added +411.7k |
| STATE STREET CORP 0.01% of their portfolio | 3.5m $237.1m | Reduced -22.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.1m $210.2m | Added +194.6k |
| Dorsal Capital Management, LP 6.75% of their portfolio | 3.0m $209.1m | Reduced -300.0k |
| Technology Crossover Management IX, Ltd. 18.18% of their portfolio | 3.0m $208.9m | Unchanged |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.8m $190.5m | Reduced -418.9k |
| Technology Crossover Management VIII, Ltd. 39.91% of their portfolio | 2.7m $187.5m | Unchanged |
| EMINENCE CAPITAL, LP 2.79% of their portfolio | 2.4m $166.7m | Reduced -482.8k |
| Technology Crossover Management XI, Ltd. 16.33% of their portfolio | 2.3m $160.3m | Unchanged |
| UBS Group AG 0.03% of their portfolio | 2.0m $137.6m | Added +737.0k |
| WELLINGTON MANAGEMENT GROUP LLP 0.03% of their portfolio | 1.9m $133.3m | Reduced -93.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.6m $108.6m | Added +45.8k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.5m $104.8m | Reduced -11.9k |
| MORGAN STANLEY 0.01% of their portfolio | 1.5m $99.9m | Reduced -205.1k |
| Altimeter Capital Management, LP 1.83% of their portfolio | 1.3m $90.7m | Added +22.8k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.1m $74.5m | Added +51.0k |
| CITIGROUP INC 0.06% of their portfolio | 1.1m $73.2m | Reduced -394.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.0m $69.7m | Added +45.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 985.0k $67.5m | Added +25.0k |
| Park West Asset Management LLC 5.31% of their portfolio | 947.5k $65.0m | Added +149.8k |
| Greencape Capital Pty Ltd 50.84% of their portfolio | 914.7k $62.7m | Reduced -802.5k |
| GROUPAMA ASSET MANAGMENT 0.02% of their portfolio | 900.0k $951.0k | Unchanged |
| MARSHALL WACE, LLP 0.08% of their portfolio | 890.7k $61.1m | Added +823.0k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 1.46% of their portfolio | 870.2k $59.7m | Reduced -5.0k |
| BAILLIE GIFFORD & CO 0.05% of their portfolio | 807.3k $55.4m | Reduced -180.3k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 806.3k $55.3m | Reduced -444.8k |
| JANE STREET GROUP, LLC 0.10% of their portfolio | 800.5k $54.9m | Added +227.2k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 795.9k $54.6m | Added +5.0k |
| COATUE MANAGEMENT LLC 0.22% of their portfolio | 739.7k $50.7m | Added +369.9k |
| NEUBERGER BERMAN GROUP LLC 0.04% of their portfolio | 723.8k $49.6m | Reduced -348.3k |
| Polar Capital Holdings Plc 0.30% of their portfolio | 722.6k $49.5m | Added +270.2k |
| Bridgewater Associates, LP 0.22% of their portfolio | 692.6k $47.5m | Reduced -31.9k |
| Legal & General Group Plc 0.01% of their portfolio | 670.3k $46.0m | Reduced -3.4k |
| Fayez Sarofim & Co 0.11% of their portfolio | 655.2k $44.9m | Reduced -43.1k |
| Contour Asset Management LLC 1.83% of their portfolio | 638.9k $43.8m | Reduced -1.8m |
| Sumitomo Mitsui Trust Group, Inc. 0.03% of their portfolio | 580.8k $39.8m | Reduced -6.1k |
| Amundi 0.01% of their portfolio | 579.4k $39.7m | Added +253.8k |
| TB Alternative Assets Ltd. 9.09% of their portfolio | 570.9k $39.1m | Added +187.7k |
| AQR CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 550.2k $37.2m | Added +419.2k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 543.4k $37.3m | Added +249.5k |
| SCOPUS ASSET MANAGEMENT, L.P. 1.26% of their portfolio | 506.5k $34.7m | New |
| Invesco Ltd. 0.01% of their portfolio | 502.4k $34.4m | Added +209.6k |
| Atreides Management, LP 1.17% of their portfolio | 469.1k $32.2m | New |
| Swiss National Bank 0.02% of their portfolio | 450.7k $30.9m | Added +16.6k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 417.0k $28.6m | Added +358.3k |
| Valiant Capital Management, L.P. 3.06% of their portfolio | 413.1k $28.3m | Unchanged |
| NAN FUNG TRINITY (HK) LTD 4.26% of their portfolio | 391.6k $26.9m | Added +80.1k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 376.0k $25.8m | New |
| Nuveen, LLC 0.01% of their portfolio | 360.4k $24.7m | First filing |
| Assenagon Asset Management S.A. 0.04% of their portfolio | 348.6k $23.9m | Added +282.3k |
| HILLMAN CO 9.03% of their portfolio | 348.3k $23.9m | Unchanged |
| GILDER GAGNON HOWE & CO LLC 0.31% of their portfolio | 346.5k $23.8m | Added +29.4k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 345.2k $23.7m | Added +126.1k |
| BARCLAYS PLC 0.01% of their portfolio | 322.7k $22.1m | Added +22.0k |
| Robeco Institutional Asset Management B.V. 0.04% of their portfolio | 309.2k $21.2m | Added +114.9k |
| Garde Capital, Inc. 1.11% of their portfolio | 283.6k $19.4m | Reduced -3.7k |
| NZS Capital, LLC 0.86% of their portfolio | 277.9k $19.1m | Reduced -3.9k |
| Erste Asset Management GmbH 0.24% of their portfolio | 275.0k $18.9m | Added +135.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 266.4k $18.3m | Added +6.1k |
| Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio | 246.1k $16.9m | Added +45.6k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.02% of their portfolio | 239.3k $16.4m | Added +24.7k |
| Coronation Fund Managers Ltd. 0.84% of their portfolio | 225.2k $15.4m | Added +1.2k |
| Amova Asset Management Americas, Inc. 0.20% of their portfolio | 224.3k $15.4m | Reduced -7.9k |
| Walleye Capital LLC 0.16% of their portfolio | 204.9k $14.0m | Reduced -318.9k |
| Avory & Company, LLC 9.25% of their portfolio | 204.3k $14.0m | Reduced -88.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 203.5k $13.9m | First filing |
| California Public Employees Retirement System 0.01% of their portfolio | 201.1k $13.8m | Reduced -339 |
| NORGES BANK 0.00% of their portfolio | 194.9k $13.4m | Reduced -20.1k |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 183.8k $12.6m | Reduced -148.7k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 182.6k $12.5m | Added +3.0k |
| AGF MANAGEMENT LTD 0.06% of their portfolio | 156.7k $10.7m | Added +11.4k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 151.6k $10.4m | Reduced -1.8k |
| Twin Tree Management, LP 0.22% of their portfolio | 148.2k $10.2m | New |
| AustralianSuper Pty Ltd 0.06% of their portfolio | 146.3k $10.0m | Added +82.3k |
| Parallax Volatility Advisers, L.P. 0.32% of their portfolio | 145.2k $10.0m | Reduced -36.6k |
| Maytus Capital Management, LLC 2.88% of their portfolio | 136.6k $9.4m | Added +56.6k |
| IVY LANE CAPITAL MANAGEMENT, LLC 5.62% of their portfolio | 136.0k $9.3m | Added +1.0k |
| ARK Investment Management LLC 0.09% of their portfolio | 135.6k $9.3m | Reduced -14.6k |
| CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio | 130.8k $9.0m | Reduced -426.1k |
| NewEdge Wealth, LLC 0.16% of their portfolio | 130.4k $8.9m | Reduced -64.4k |
| Tredje AP-fonden 0.08% of their portfolio | 126.3k $8.7m | Added +14.2k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 122.7k $8.4m | Added +19.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 116.8k $8.0m | Added +9.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 116.7k $8.0m | Added +823 |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 113.1k $7.7m | Added +12.9k |
| APG Asset Management N.V. 0.02% of their portfolio | 109.6k $7.0m | Reduced -500 |
| Private Advisory Group LLC 0.83% of their portfolio | 105.5k $7.2m | Added +23.7k |
| Aberdeen Group plc 0.01% of their portfolio | 101.7k $7.0m | Added +56.0k |
| GATEWAY INVESTMENT ADVISERS LLC 0.08% of their portfolio | 100.6k $6.9m | Reduced -34.3k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 97.7k $6.7m | Reduced -67.3k |
| Thrivent Financial for Lutherans 0.01% of their portfolio | 96.9k $6.6m | Added +13.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.01% of their portfolio | 96.2k $6.6m | Reduced -278.8k |
| Yost Capital Management, LP 10.06% of their portfolio | 95.6k $6.6m | Added +15.0k |