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 ($23.5m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $41.38. Options: 26 managers hold calls ($275.5m notional), 26 hold puts ($118.3m).
Trends to Q1 2026
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 |
| Q3 2025 | 527 |
| Q4 2025 | 529 |
| Q1 2026 | 493 |
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 2024 | 203 | 206 |
| Q3 2024 | 223 | 201 |
| Q4 2024 | 222 | 217 |
| Q1 2025 | 258 | 225 |
| Q2 2025 | 248 | 225 |
| Q3 2025 | 274 | 195 |
| Q4 2025 | 243 | 255 |
| Q1 2026 | 259 | 269 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $635.2m | $382.7m | 0.60 |
| Q3 2025 | $706.1m | $540.3m | 0.77 |
| Q4 2025 | $623.3m | $394.8m | 0.63 |
| Q1 2026 | $275.5m | $118.3m | 0.43 |
Biggest buyers
| Capital World Investors | Added | +3.4m |
| Independent Franchise Partners LLP | Added | +2.2m |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +2.0m |
| GOLDMAN SACHS GROUP INC | Added | +1.4m |
| EMINENCE CAPITAL, LP | Added | +1.4m |
| TIGER GLOBAL MANAGEMENT LLC | Added | +1.3m |
| UBS Group AG | Added | +986.2k |
| JANE STREET GROUP, LLC | Added | +921.3k |
| COATUE MANAGEMENT LLC | New | +739.7k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | +680.6k |
Biggest sellers
| FMR LLC | Reduced | -6.4m |
| Contour Asset Management LLC | Sold out | -3.3m |
| Altimeter Capital Management, LP | Sold out | -2.2m |
| SOMA EQUITY PARTNERS LP | Sold out | -1.8m |
| BANK OF AMERICA CORP /DE/ | Reduced | -1.5m |
| Greencape Capital Pty Ltd | Reduced | -1.3m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.1m |
| Ninety One UK Ltd | Reduced | -846.2k |
| SCGE MANAGEMENT, L.P. | Reduced | -733.1k |
| JANUS HENDERSON GROUP PLC | Reduced | -641.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $59.6m1.4m shares |
| NOMURA HOLDINGS INC | New | $33.1m800.0k shares |
| JANE STREET GROUP, LLC | Reduced | $30.9m747.7k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $20.7m5.0k shares |
| Park West Asset Management LLC | New | $20.7m500.0k shares |
| CITADEL ADVISORS LLC | Reduced | $20.4m492.5k shares |
| IMC-Chicago, LLC | Reduced | $17.1m413.8k shares |
| UBS Group AG | Reduced | $14.5m349.8k shares |
| Walleye Trading LLC | Reduced | $13.9m335.3k shares |
| JPMORGAN CHASE & CO | Reduced | $9.7m238.0k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $22.4m542.5k shares |
| CITADEL ADVISORS LLC | Reduced | $12.0m288.9k shares |
| JANE STREET GROUP, LLC | Added | $10.9m264.5k shares |
| JPMORGAN CHASE & CO | Reduced | $10.2m248.9k shares |
| UBS Group AG | Reduced | $9.7m233.4k shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $7.3m1.8k shares |
| IMC-Chicago, LLC | Reduced | $6.9m167.5k shares |
| D. E. Shaw & Co., Inc. | Reduced | $5.4m131.6k shares |
| Walleye Trading LLC | Reduced | $3.8m90.7k shares |
| CITIGROUP INC | Reduced | $3.1m75.0k 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 2026
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 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 |
| Q3 2025 | 0 | — | 14 | $87.0m | $15.6m |
| Q4 2025 | 0 | — | 10 | $4.7m | $3.2m |
| Q1 2026 | 0 | — | 12 | $6.9m | $3.9m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-26 | Samuelson Errol G Chief Industry Dev. Officer | Sold plan | $209.2k4.7k shares |
| 2026-03-24 | Owens Bradley D. General Counsel | Sold plan | $384.3k8.8k shares |
| 2026-03-03 | BLACHFORD ERIK C Director | Sold plan | $41.4k966 shares |
| 2026-03-03 | Cormier Thielke Claire Director | Sold plan | $10.4k242 shares |
| 2026-02-27 | MAFFEI GREGORY B Director | Sold | $363.5k8.1k shares |
| 2026-02-20 | Frink Lloyd D Co -Exec. Chairman & President, director | Sold | $1.8m39.7k shares |
| 2026-02-18 | Hofmann Jeremy Chief Financial Officer | Sold plan | $340.5k7.8k shares |
| 2026-02-17 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $604.5k13.7k shares |
| 2026-02-17 | Spaulding Dan Chief People Officer | Sold plan | $235.6k5.4k shares |
| 2026-02-13 | Owens Bradley D. General Counsel | Sold plan | $115.6k2.6k shares |
| 2026-02-12 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $310.1k7.0k shares |
| 2026-02-12 | Hofmann Jeremy Chief Financial Officer | Sold | $244.9k5.5k shares |
| 2026-02-12 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $209.0k4.7k shares |
| 2026-02-12 | Beitel David A. Chief Technology Officer | Sold | $175.4k4.0k shares |
| 2026-02-12 | Spaulding Dan Chief People Officer | Sold plan | $172.4k3.9k shares |
| 2026-02-12 | Rock Jennifer Chief Accounting Officer | Sold | $95.7k2.2k shares |
| 2026-02-12 | Choo Jun Chief Operating Officer | Sold | $91.2k2.1k shares |
| 2026-02-12 | Owens Bradley D. General Counsel | Sold plan | $89.2k2.0k shares |
| 2026-02-11 | Frink Lloyd D Co -Exec. Chairman & President, director | Sold plan | $423.2k9.3k shares |
| 2026-02-10 | Frink Lloyd D Co -Exec. Chairman & President, director | Sold plan | $510.9k9.3k shares |
| 2026-02-09 | Frink Lloyd D Co -Exec. Chairman & President, director | Sold plan | $505.8k9.3k 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 2026
| Manager | Shares | Change |
|---|---|---|
| Caledonia (Private) Investments Pty Ltd 31.17% of their portfolio | 25.9m $1.1bn | Reduced -190.0k |
| Capital World Investors 0.08% of their portfolio | 14.2m $587.4m | Added +3.4m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 14.0m $579.7m | First filing |
| Independent Franchise Partners LLP 3.82% of their portfolio | 13.2m $546.1m | Added +2.2m |
| BlackRock, Inc. 0.01% of their portfolio | 10.0m $414.1m | Added +29.2k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 7.5m $310.4m | First filing |
| TIGER GLOBAL MANAGEMENT LLC 1.33% of their portfolio | 7.4m $304.9m | Added +1.3m |
| Ninety One UK Ltd 0.37% of their portfolio | 3.9m $161.5m | Reduced -846.2k |
| STATE STREET CORP 0.01% of their portfolio | 3.9m $160.4m | Added +37.3k |
| EMINENCE CAPITAL, LP 3.27% of their portfolio | 3.4m $142.6m | Added +1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.4m $142.0m | Added +76.2k |
| Technology Crossover Management IX, Ltd. 16.77% of their portfolio | 3.0m $126.1m | Unchanged |
| Technology Crossover Management VIII, Ltd. 37.92% of their portfolio | 2.7m $113.2m | Unchanged |
| UBS Group AG 0.02% of their portfolio | 2.7m $110.3m | Added +986.2k |
| FMR LLC 0.01% of their portfolio | 2.6m $106.8m | Reduced -6.4m |
| MORGAN STANLEY 0.01% of their portfolio | 2.6m $106.5m | Reduced -624.2k |
| Dorsal Capital Management, LP 4.03% of their portfolio | 2.5m $101.4m | Reduced -475.0k |
| Technology Crossover Management XI, Ltd. 16.63% of their portfolio | 2.3m $96.7m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.20% of their portfolio | 2.1m $85.6m | Added +2.0m |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 1.9m $78.5m | Added +338.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.8m $74.5m | Added +1.4m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.8m $73.4m | Added +196.6k |
| JANE STREET GROUP, LLC 0.08% of their portfolio | 1.7m $70.0m | Added +921.3k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.6m $63.3m | Reduced -269.2k |
| Greencape Capital Pty Ltd 100.00% of their portfolio | 1.4m $59.9m | Reduced -1.3m |
| L1 Capital Pty Ltd 2.06% of their portfolio | 1.3m $52.5m | Reduced -460.0k |
| SCGE MANAGEMENT, L.P. 1.59% of their portfolio | 1.3m $52.3m | Reduced -733.1k |
| Amundi 0.01% of their portfolio | 1.1m $47.4m | Reduced -487.0k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.1m $44.4m | First filing |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.06% of their portfolio | 1.1m $43.4m | Added +680.6k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 1.0m $42.6m | Added +43.1k |
| BAILLIE GIFFORD & CO 0.04% of their portfolio | 965.5k $40.0m | Added +226.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 950.2k $39.3m | Added +62.1k |
| Park West Asset Management LLC 3.15% of their portfolio | 861.6k $35.7m | Reduced -173.4k |
| GLENVIEW CAPITAL MANAGEMENT, LLC 0.88% of their portfolio | 789.7k $32.7m | Reduced -373.9k |
| Connor, Clark & Lunn Investment Management Ltd. 0.07% of their portfolio | 782.3k $32.4m | Added +377.8k |
| COATUE MANAGEMENT LLC 0.11% of their portfolio | 739.7k $30.6m | New |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 723.0k $29.9m | Reduced -1.1m |
| CITADEL ADVISORS LLC 0.02% of their portfolio | 685.3k $28.4m | Added +474.4k |
| Legal & General Group Plc 0.01% of their portfolio | 670.2k $27.7m | Reduced -17.1k |
| Quantinno Capital Management LP 0.04% of their portfolio | 641.6k $26.6m | Added +526.1k |
| Walleye Capital LLC 0.16% of their portfolio | 636.3k $26.3m | Added +125.7k |
| Sumitomo Mitsui Trust Group, Inc. 0.02% of their portfolio | 610.6k $25.3m | Reduced -165.5k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 605.7k $25.1m | Reduced -6.8k |
| Jain Global LLC 0.32% of their portfolio | 599.9k $24.8m | Added +557.0k |
| NZS Capital, LLC 0.81% of their portfolio | 584.9k $24.2m | Added +198.2k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 564.5k $23.4m | Added +509.3k |
| HARVARD MANAGEMENT CO INC 1.28% of their portfolio | 562.0k $23.3m | Reduced -100.0k |
| KAHN BROTHERS GROUP INC 4.00% of their portfolio | 545.2k $22.6m | New |
| Robeco Institutional Asset Management B.V. 0.03% of their portfolio | 498.1k $20.6m | Added +86.9k |
| Swiss National Bank 0.01% of their portfolio | 491.8k $20.4m | Added +33.2k |
| Valiant Capital Management, L.P. 1.54% of their portfolio | 473.3k $19.6m | Added +154.9k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 466.8k $19.3m | Added +393.7k |
| HSBC HOLDINGS PLC 0.01% of their portfolio | 439.2k $18.2m | Added +57.9k |
| Fayez Sarofim & Co 0.05% of their portfolio | 429.8k $17.8m | Reduced -3.1k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.07% of their portfolio | 423.1k $17.5m | New |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 404.5k $16.7m | Added +359.9k |
| Invesco Ltd. 0.00% of their portfolio | 374.2k $15.5m | Added +19.4k |
| Coronation Fund Managers Ltd. 0.66% of their portfolio | 349.5k $14.5m | Added +197.9k |
| HILLMAN CO 5.60% of their portfolio | 348.3k $14.4m | Unchanged |
| Woodson Capital Management, LP 2.24% of their portfolio | 335.0k $13.9m | New |
| Nuveen, LLC 0.00% of their portfolio | 331.5k $13.7m | Added +30.8k |
| Caisse de depot et placement du Quebec 0.02% of their portfolio | 318.5k $13.2m | Reduced -211.6k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 316.1k $13.1m | Added +49.7k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 280.4k $11.6m | Reduced -1.5m |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 279.8k $11.6m | Reduced -2.5k |
| Private Advisory Group LLC 0.80% of their portfolio | 277.5k $11.5m | Added +124.4k |
| Cerity Partners LLC 0.02% of their portfolio | 275.5k $11.4m | Added +256.5k |
| Assenagon Asset Management S.A. 0.02% of their portfolio | 271.5k $11.2m | Reduced -198.7k |
| Amova Asset Management Americas, Inc. 0.16% of their portfolio | 271.3k $11.2m | Reduced -143.9k |
| Garde Capital, Inc. 0.65% of their portfolio | 261.8k $10.8m | Reduced -8.0k |
| CITIGROUP INC 0.01% of their portfolio | 257.9k $10.7m | Reduced -92.1k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 248.9k $10.3m | Reduced -28.6k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 247.9k $10.3m | First filing |
| IFP Advisors, Inc 0.21% of their portfolio | 241.9k $10.0m | Added +168.0k |
| Virtu Financial LLC 0.37% of their portfolio | 218.2k $9.0m | Added +179.0k |
| Qube Research & Technologies Ltd 0.01% of their portfolio | 213.1k $8.8m | Added +24.2k |
| HB Wealth Management, LLC 0.05% of their portfolio | 202.8k $8.4m | Added +1.7k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 202.0k $8.4m | Added +5.6k |
| XTX Topco Ltd 0.14% of their portfolio | 192.3k $8.0m | Added +146.8k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 179.5k $7.4m | Added +3.5k |
| Korea Investment CORP 0.02% of their portfolio | 175.8k $7.3m | Added +15.8k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 169.3k $7.0m | Added +48.1k |
| ARK Investment Management LLC 0.05% of their portfolio | 166.7k $6.9m | Reduced -79.6k |
| Maytus Capital Management, LLC 1.22% of their portfolio | 166.3k $6.9m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.00% of their portfolio | 166.0k $6.9m | Reduced -251 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 163.8k $6.8m | Added +16.1k |
| BARCLAYS PLC 0.00% of their portfolio | 142.6k $5.9m | Reduced -125.2k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 139.6k $5.8m | Unchanged |
| AVIVA PLC 0.01% of their portfolio | 134.1k $5.6m | Added +1.5k |
| Kessler Investment Group, LLC 2.58% of their portfolio | 131.6k $5.4m | Added +34.6k |
| ZEVENBERGEN CAPITAL INVESTMENTS LLC 0.16% of their portfolio | 130.4k $5.4m | Reduced -487.2k |
| Point72 Asset Management, L.P. 0.01% of their portfolio | 123.5k $5.1m | New |
| Mitsubishi UFJ Trust & Banking Corp 0.01% of their portfolio | 123.3k $5.1m | Added +36.8k |
| ExodusPoint Capital Management, LP 0.05% of their portfolio | 120.9k $5.0m | New |
| DARK FOREST CAPITAL MANAGEMENT LP 0.44% of their portfolio | 120.2k $5.0m | Added +114.9k |
| MAPLELANE CAPITAL, LLC 0.40% of their portfolio | 115.0k $4.8m | Reduced -43.0k |
| Aberdeen Group plc 0.01% of their portfolio | 113.9k $4.7m | Added +3.5k |
| Deltroit Asset Management (UK) LLP 0.81% of their portfolio | 113.1k $4.7m | New |
| ROSENBLUM SILVERMAN SUTTON S F INC /CA 1.17% of their portfolio | 108.2k $4.5m | Added +5.6k |