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 ($20.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $70.06. Options: 33 managers hold calls ($635.2m notional), 31 hold puts ($382.7m).
Trends to Q2 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 |
| Q2 2025 | 482 |
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 | 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 |
| Q2 2025 | 248 | 225 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $899.7m | $483.1m | 0.54 |
| Q4 2024 | $1.0bn | $586.4m | 0.57 |
| Q1 2025 | $643.5m | $374.1m | 0.58 |
| Q2 2025 | $635.2m | $382.7m | 0.60 |
Biggest buyers
| Greencape Capital Pty Ltd | Added | +1.6m |
| EMINENCE CAPITAL, LP | Added | +1.5m |
| Capital World Investors | Added | +1.2m |
| Altimeter Capital Management, LP | Added | +1.1m |
| TIGER GLOBAL MANAGEMENT LLC | Added | +1.0m |
| Holocene Advisors, LP | New | +814.0k |
| Ninety One UK Ltd | Added | +702.4k |
| BlackRock, Inc. | Added | +526.4k |
| GOLDMAN SACHS GROUP INC | Added | +478.3k |
| VANGUARD GROUP INC | Added | +412.6k |
Biggest sellers
| Caledonia (Private) Investments Pty Ltd | Reduced | -2.0m |
| GROUPAMA ASSET MANAGMENT | Sold out | -900.0k |
| MARSHALL WACE, LLP | Reduced | -877.0k |
| Polar Capital Holdings Plc | Sold out | -722.6k |
| NEUBERGER BERMAN GROUP LLC | Reduced | -714.4k |
| Contour Asset Management LLC | Sold out | -638.9k |
| Dorsal Capital Management, LP | Reduced | -600.0k |
| SCOPUS ASSET MANAGEMENT, L.P. | Sold out | -506.5k |
| FMR LLC | Reduced | -434.3k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -379.6k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $238.7m3.4m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $65.1m930.0k shares |
| CITADEL ADVISORS LLC | Reduced | $55.8m796.3k shares |
| Walleye Trading LLC | Added | $46.8m668.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $29.8m4.3k shares |
| UBS Group AG | Added | $28.0m400.2k shares |
| D. E. Shaw & Co., Inc. | Added | $27.1m386.5k shares |
| WOLVERINE TRADING, LLC | Added | $25.3m363.2k shares |
| PEAK6 LLC | Added | $21.1m301.4k shares |
| IMC-Chicago, LLC | Reduced | $19.1m273.0k shares |
Biggest puts
| PEAK6 LLC | Added | $63.7m909.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $57.2m816.1k shares |
| CITADEL ADVISORS LLC | Reduced | $54.1m772.4k shares |
| Walleye Trading LLC | Added | $36.7m523.6k shares |
| UBS Group AG | Added | $36.2m517.4k shares |
| MILLENNIUM MANAGEMENT LLC | Reduced | $27.5m392.5k shares |
| Twin Tree Management, LP | Reduced | $20.4m291.5k shares |
| IMC-Chicago, LLC | Reduced | $14.4m205.3k shares |
| SIMPLEX TRADING, LLC | Reduced | $10.2m145.1k shares |
| D. E. Shaw & Co., Inc. | Reduced | $10.0m143.2k 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 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 32.32% of their portfolio | 29.0m $2.0bn | Reduced -2.0m |
| VANGUARD GROUP INC 0.03% of their portfolio | 23.0m $1.6bn | Added +412.6k |
| FMR LLC 0.05% of their portfolio | 12.4m $870.7m | Reduced -434.3k |
| Independent Franchise Partners LLP 5.14% of their portfolio | 11.0m $773.3m | Reduced -113.8k |
| Capital World Investors 0.10% of their portfolio | 9.9m $691.0m | Added +1.2m |
| BlackRock, Inc. 0.01% of their portfolio | 9.3m $653.0m | Added +526.4k |
| TIGER GLOBAL MANAGEMENT LLC 1.28% of their portfolio | 6.2m $436.3m | Added +1.0m |
| Ninety One UK Ltd 0.78% of their portfolio | 4.7m $331.5m | Added +702.4k |
| EMINENCE CAPITAL, LP 4.11% of their portfolio | 4.0m $278.7m | Added +1.5m |
| STATE STREET CORP 0.01% of their portfolio | 3.5m $247.6m | Added +76.0k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 3.1m $219.5m | Added +69.6k |
| Technology Crossover Management IX, Ltd. 17.19% of their portfolio | 3.0m $213.5m | Unchanged |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 2.8m $197.0m | Added +34.3k |
| Technology Crossover Management VIII, Ltd. 41.68% of their portfolio | 2.7m $191.6m | Unchanged |
| Greencape Capital Pty Ltd 32.98% of their portfolio | 2.6m $179.4m | Added +1.6m |
| Dorsal Capital Management, LP 4.89% of their portfolio | 2.5m $171.6m | Reduced -600.0k |
| Altimeter Capital Management, LP 2.41% of their portfolio | 2.4m $167.3m | Added +1.1m |
| Technology Crossover Management XI, Ltd. 15.55% of their portfolio | 2.3m $163.8m | Unchanged |
| WELLINGTON MANAGEMENT GROUP LLP 0.02% of their portfolio | 2.0m $137.7m | Added +22.5k |
| UBS Group AG 0.03% of their portfolio | 1.8m $126.9m | Reduced -195.7k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 1.7m $116.3m | Added +131.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 1.5m $106.9m | Reduced -58.5k |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $81.6m | Reduced -292.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.02% of their portfolio | 1.1m $79.2m | Added +146.2k |
| CITIGROUP INC 0.05% of their portfolio | 1.1m $76.0m | Added +17.4k |
| DEUTSCHE BANK AG\ 0.03% of their portfolio | 1.0m $72.8m | Reduced -47.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.0m $71.6m | Added +478.3k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 994.9k $69.7m | Reduced -21.0k |
| Atreides Management, LP 1.66% of their portfolio | 856.0k $60.0m | Added +386.9k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 1.13% of their portfolio | 824.5k $57.8m | Reduced -45.6k |
| Holocene Advisors, LP 0.14% of their portfolio | 814.0k $57.0m | New |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 807.5k $56.6m | Added +1.2k |
| Park West Asset Management LLC 4.27% of their portfolio | 800.0k $56.0m | Reduced -147.5k |
| COATUE MANAGEMENT LLC 0.14% of their portfolio | 739.7k $51.8m | Unchanged |
| TB Alternative Assets Ltd. 9.29% of their portfolio | 716.0k $50.2m | Added +145.0k |
| Legal & General Group Plc 0.01% of their portfolio | 685.3k $48.0m | Added +14.9k |
| BAILLIE GIFFORD & CO 0.04% of their portfolio | 670.3k $47.0m | Reduced -137.1k |
| JANE STREET GROUP, LLC 0.07% of their portfolio | 649.4k $45.5m | Reduced -151.1k |
| Bridgewater Associates, LP 0.18% of their portfolio | 646.9k $45.3m | Reduced -45.8k |
| BARCLAYS PLC 0.02% of their portfolio | 601.3k $42.1m | Added +278.6k |
| Fayez Sarofim & Co 0.10% of their portfolio | 595.2k $41.7m | Reduced -60.0k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 585.2k $41.0m | Reduced -210.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 567.2k $39.7m | Reduced -13.7k |
| Swiss National Bank 0.02% of their portfolio | 495.8k $34.7m | Added +45.1k |
| Amundi 0.01% of their portfolio | 467.0k $33.2m | Reduced -112.4k |
| Valiant Capital Management, L.P. 2.44% of their portfolio | 451.8k $31.6m | Added +38.6k |
| Pictet Asset Management Holding SA 0.03% of their portfolio | 417.7k $29.3m | Added +703 |
| NORGES BANK 0.00% of their portfolio | 416.5k $29.2m | Added +221.5k |
| Point72 Asset Management, L.P. 0.06% of their portfolio | 386.4k $27.1m | New |
| L1 Capital Pty Ltd 1.61% of their portfolio | 380.5k $26.7m | New |
| HILLMAN CO 9.28% of their portfolio | 348.3k $24.4m | Unchanged |
| Invesco Ltd. 0.00% of their portfolio | 317.0k $22.2m | Reduced -185.4k |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 307.4k $21.5m | Added +61.2k |
| NZS Capital, LLC 0.72% of their portfolio | 302.4k $21.2m | Added +24.5k |
| Davidson Kempner Capital Management LP 0.32% of their portfolio | 300.0k $21.0m | Not comparable |
| SOMA EQUITY PARTNERS LP 1.17% of their portfolio | 300.0k $21.0m | New |
| Erste Asset Management GmbH 0.18% of their portfolio | 300.0k $21.0m | Added +25.0k |
| Nuveen, LLC 0.01% of their portfolio | 299.9k $21.0m | Reduced -60.5k |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 289.8k $20.3m | Reduced -19.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 285.6k $20.0m | Added +19.1k |
| Garde Capital, Inc. 1.05% of their portfolio | 279.6k $19.6m | Reduced -4.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 249.5k $17.5m | Added +196.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 246.1k $17.2m | Added +42.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 236.5k $16.6m | Added +119.8k |
| NAN FUNG TRINITY (HK) LTD 1.97% of their portfolio | 235.5k $16.5m | Reduced -156.1k |
| California Public Employees Retirement System 0.01% of their portfolio | 229.0k $16.0m | Added +27.9k |
| CAPITAL FUND MANAGEMENT S.A. 0.17% of their portfolio | 214.4k $15.0m | Added +83.6k |
| Amova Asset Management Americas, Inc. 0.15% of their portfolio | 212.5k $14.9m | Reduced -11.8k |
| Avory & Company, LLC 8.71% of their portfolio | 203.9k $14.3m | Reduced -351 |
| HB Wealth Management, LLC 0.11% of their portfolio | 200.8k $14.1m | New |
| BANK OF MONTREAL /CAN/ 0.01% of their portfolio | 192.2k $13.5m | Added +8.4k |
| Alyeska Investment Group, L.P. 0.04% of their portfolio | 180.7k $12.7m | New |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 179.0k $12.5m | Reduced -3.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 171.1k $12.0m | Added +58.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 170.6k $11.9m | Reduced -379.6k |
| GILDER GAGNON HOWE & CO LLC 0.12% of their portfolio | 157.6k $11.0m | Reduced -188.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio | 153.0k $10.7m | Added +1.3k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.01% of their portfolio | 142.3k $10.0m | Added +19.5k |
| AustralianSuper Pty Ltd 0.05% of their portfolio | 141.0k $9.9m | Reduced -5.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 137.3k $9.6m | Added +44.1k |
| IVY LANE CAPITAL MANAGEMENT, LLC 5.25% of their portfolio | 136.0k $9.5m | Unchanged |
| CANADA PENSION PLAN INVESTMENT BOARD 0.01% of their portfolio | 134.2k $9.4m | Reduced -105.1k |
| Korea Investment CORP 0.02% of their portfolio | 131.3k $9.2m | Added +38.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 129.4k $9.1m | Added +34.2k |
| Twin Tree Management, LP 0.23% of their portfolio | 129.1k $9.0m | Reduced -19.1k |
| FIRST TRUST ADVISORS LP 0.01% of their portfolio | 128.4k $9.0m | Added +121.9k |
| Tredje AP-fonden 0.07% of their portfolio | 126.3k $8.8m | Unchanged |
| ARK Investment Management LLC 0.06% of their portfolio | 124.9k $8.8m | Reduced -10.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 123.6k $8.7m | Added +6.9k |
| AVIVA PLC 0.02% of their portfolio | 119.7k $8.4m | Added +113.8k |
| Swedbank AB 0.01% of their portfolio | 119.5k $8.4m | First filing |
| Parallax Volatility Advisers, L.P. 0.33% of their portfolio | 115.3k $8.2m | Reduced -29.9k |
| NewEdge Wealth, LLC 0.15% of their portfolio | 114.9k $9.7m | Reduced -15.5k |
| Private Advisory Group LLC 0.75% of their portfolio | 114.2k $8.0m | Added +8.7k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.01% of their portfolio | 110.6k $7.7m | Added +85.9k |
| APG Asset Management N.V. 0.02% of their portfolio | 109.7k $6.5m | Added +100 |
| Aberdeen Group plc 0.01% of their portfolio | 108.3k $7.6m | Added +6.6k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 101.7k $7.1m | Added +4.0k |
| Thrivent Financial for Lutherans 0.02% of their portfolio | 101.4k $7.1m | Added +4.5k |
| GATEWAY INVESTMENT ADVISERS LLC 0.08% of their portfolio | 100.6k $7.0m | Unchanged |