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 ($33.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $31.52. Options: 26 managers hold calls ($156.1m notional), 22 hold puts ($99.9m).
Trends to Q2 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 |
| Q2 2026 | 417 |
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 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 |
| Q2 2026 | 193 | 301 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $706.1m | $540.3m | 0.77 |
| Q4 2025 | $623.3m | $394.8m | 0.63 |
| Q1 2026 | $275.5m | $118.3m | 0.43 |
| Q2 2026 | $156.1m | $99.9m | 0.64 |
Biggest buyers
| Qube Research & Technologies Ltd | Added | +3.5m |
| Independent Franchise Partners LLP | Added | +3.1m |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP | New | +2.2m |
| Ancient Art, L.P. | New | +2.2m |
| D. E. Shaw & Co., Inc. | Added | +2.0m |
| STATE OF WISCONSIN INVESTMENT BOARD | Added | +1.5m |
| TUDOR INVESTMENT CORP ET AL | New | +1.1m |
| MILLENNIUM MANAGEMENT LLC | Added | +1.0m |
| JANE STREET GROUP, LLC | Added | +959.3k |
| PAR CAPITAL MANAGEMENT INC | New | +823.0k |
Biggest sellers
| TIGER GLOBAL MANAGEMENT LLC | Sold out | -7.4m |
| EMINENCE CAPITAL, LP | Sold out | -3.4m |
| Dorsal Capital Management, LP | Sold out | -2.5m |
| BlackRock, Inc. | Reduced | -1.8m |
| Caledonia (Private) Investments Pty Ltd | Reduced | -1.8m |
| SCGE MANAGEMENT, L.P. | Sold out | -1.3m |
| STATE STREET CORP | Reduced | -918.1k |
| GLENVIEW CAPITAL MANAGEMENT, LLC | Sold out | -789.7k |
| GOLDMAN SACHS GROUP INC | Reduced | -774.0k |
| L1 Capital Pty Ltd | Reduced | -770.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $40.1m1.3m shares |
| JANE STREET GROUP, LLC | Added | $32.1m1.0m shares |
| BNP PARIBAS FINANCIAL MARKETS | Added | $20.5m6.5k shares |
| CITADEL ADVISORS LLC | Reduced | $13.9m440.0k shares |
| IMC-Chicago, LLC | Reduced | $11.6m369.1k shares |
| Squarepoint Ops LLC | Added | $7.5m238.8k shares |
| SIMPLEX TRADING, LLC | Added | $5.4m170.2k shares |
| UBS Group AG | Reduced | $4.6m144.9k shares |
| CITIGROUP INC | Added | $3.2m100.0k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $2.9m90.6k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $24.7m784.2k shares |
| CITADEL ADVISORS LLC | Added | $18.8m596.0k shares |
| IMC-Chicago, LLC | Added | $9.2m291.8k shares |
| D. E. Shaw & Co., Inc. | Added | $6.3m198.4k shares |
| Squarepoint Ops LLC | Added | $6.1m192.7k shares |
| SG Americas Securities, LLC | Added | $5.5m559.0k shares |
| J. Goldman & Co LP | Added | $4.7m149.5k shares |
| JANE STREET GROUP, LLC | Reduced | $4.4m140.3k shares |
| SIMPLEX TRADING, LLC | Added | $3.5m110.8k shares |
| Parallax Volatility Advisers, L.P. | Added | $2.9m90.8k 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 since 1 Apr 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 |
|---|---|---|---|---|---|
| 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 |
| Q2 2026 | 0 | — | 9 | $1.6m | $1.1m |
| Q3 2026 | 0 | — | 8 | $1.3m | $940.9k |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-03 | Cormier Thielke Claire Director | Sold plan | $42.4k1.2k shares |
| 2026-09-03 | BLACHFORD ERIK C Director | Sold plan | $28.3k792 shares |
| 2026-08-17 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $319.2k9.3k shares |
| 2026-08-17 | Hofmann Jeremy COO & CFO | Sold plan | $193.5k5.7k shares |
| 2026-08-14 | Spaulding Dan Chief People Officer | Sold | $112.1k3.2k shares |
| 2026-08-13 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $198.1k5.8k shares |
| 2026-08-13 | Hofmann Jeremy COO & CFO | Sold plan | $120.2k3.5k shares |
| 2026-08-13 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $108.0k3.2k shares |
| 2026-08-13 | Spaulding Dan Chief People Officer | Sold | $67.3k2.0k shares |
| 2026-08-13 | Beitel David A. Chief Technology Officer | Sold | $61.6k1.8k shares |
| 2026-08-13 | Rock Jennifer Chief Accounting Officer | Sold | $33.9k990 shares |
| 2026-08-11 | Cormier Thielke Claire Director | Sold plan | $39.3k1.2k shares |
| 2026-06-08 | BLACHFORD ERIK C Director | Sold plan | $27.5k791 shares |
| 2026-05-22 | Wacksman Jeremy Chief Executive Officer, director | Sold plan | $331.5k9.1k shares |
| 2026-05-18 | Hofmann Jeremy Chief Financial Officer | Sold plan | $205.7k5.5k shares |
| 2026-05-18 | Spaulding Dan Chief People Officer | Sold plan | $115.1k3.1k shares |
| 2026-05-15 | Owens Bradley D. General Counsel | Sold plan | $125.2k3.4k shares |
| 2026-05-14 | Wacksman Jeremy Chief Executive Officer, director | Sold | $229.5k6.1k shares |
| 2026-05-14 | Hofmann Jeremy Chief Financial Officer | Sold plan | $139.2k3.7k shares |
| 2026-05-14 | Samuelson Errol G Chief Industry Dev. Officer | Sold | $111.6k2.9k shares |
| 2026-05-14 | Owens Bradley D. General Counsel | Sold plan | $85.2k2.2k shares |
| 2026-05-14 | Spaulding Dan Chief People Officer | Sold plan | $78.0k2.1k shares |
| 2026-05-14 | Beitel David A. Chief Technology Officer | Sold | $71.3k1.9k shares |
| 2026-05-14 | Choo Jun Chief Operating Officer | Sold | $46.6k1.2k shares |
| 2026-05-14 | Rock Jennifer Chief Accounting Officer | Sold | $39.3k1.0k 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 2026
| Manager | Shares | Change |
|---|---|---|
| Caledonia (Private) Investments Pty Ltd 25.93% of their portfolio | 24.1m $759.7m | Reduced -1.8m |
| Independent Franchise Partners LLP 3.37% of their portfolio | 16.3m $513.8m | Added +3.1m |
| Capital World Investors 0.05% of their portfolio | 14.2m $448.9m | Added +44.9k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio | 13.3m $420.1m | Reduced -682.2k |
| BlackRock, Inc. 0.00% of their portfolio | 8.2m $257.2m | Reduced -1.8m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 7.5m $236.5m | Added +1.7k |
| Qube Research & Technologies Ltd 0.13% of their portfolio | 3.8m $118.6m | Added +3.5m |
| STATE OF WISCONSIN INVESTMENT BOARD 0.23% of their portfolio | 3.5m $111.8m | Added +1.5m |
| Ninety One UK Ltd 0.24% of their portfolio | 3.5m $109.5m | Reduced -430.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 3.4m $106.7m | Reduced -56.3k |
| Technology Crossover Management IX, Ltd. 13.92% of their portfolio | 3.0m $96.1m | Unchanged |
| STATE STREET CORP 0.00% of their portfolio | 3.0m $93.2m | Reduced -918.1k |
| UBS Group AG 0.01% of their portfolio | 2.9m $92.1m | Added +256.5k |
| Technology Crossover Management VIII, Ltd. 24.92% of their portfolio | 2.7m $86.2m | Unchanged |
| JANE STREET GROUP, LLC 0.05% of their portfolio | 2.7m $83.5m | Added +959.3k |
| D. E. Shaw & Co., Inc. 0.05% of their portfolio | 2.5m $78.1m | Added +2.0m |
| Technology Crossover Management XI, Ltd. 13.83% of their portfolio | 2.3m $73.7m | Unchanged |
| FMR LLC 0.00% of their portfolio | 2.3m $71.8m | Reduced -303.2k |
| DIMENSIONAL FUND ADVISORS LP 0.01% of their portfolio | 2.2m $70.1m | Added +327.5k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 2.2m $68.3m | New |
| Ancient Art, L.P. 13.91% of their portfolio | 2.2m $68.1m | New |
| MORGAN STANLEY 0.00% of their portfolio | 2.0m $64.1m | Reduced -540.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 1.8m $57.4m | Added +46.4k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.05% of their portfolio | 1.8m $56.3m | Added +736.6k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.7m $53.3m | Added +138.6k |
| Connor, Clark & Lunn Investment Management Ltd. 0.08% of their portfolio | 1.3m $40.9m | Added +515.7k |
| KAHN BROTHERS GROUP INC 5.89% of their portfolio | 1.2m $37.3m | Added +637.0k |
| TUDOR INVESTMENT CORP ET AL 0.14% of their portfolio | 1.1m $34.7m | New |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 1.1m $33.6m | Reduced -6.7k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 1.1m $33.4m | Added +1.0m |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 1.0m $32.4m | Reduced -774.0k |
| NORGES BANK 0.00% of their portfolio | 988.4k $31.2m | Not comparable |
| BAILLIE GIFFORD & CO 0.02% of their portfolio | 856.2k $27.0m | Reduced -109.3k |
| PAR CAPITAL MANAGEMENT INC 0.64% of their portfolio | 823.0k $25.9m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 817.0k $25.8m | Reduced -212.2k |
| COATUE MANAGEMENT LLC 0.05% of their portfolio | 739.7k $23.3m | Unchanged |
| Park West Asset Management LLC 1.40% of their portfolio | 651.6k $20.5m | Reduced -210.0k |
| DEUTSCHE BANK AG\ 0.01% of their portfolio | 635.3k $20.0m | Added +386.4k |
| Point72 Asset Management, L.P. 0.03% of their portfolio | 633.6k $20.0m | Added +510.1k |
| Amundi 0.00% of their portfolio | 627.5k $19.8m | Reduced -517.9k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 617.1k $18.7m | Added +212.6k |
| Assenagon Asset Management S.A. 0.01% of their portfolio | 607.9k $19.2m | Added +336.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 595.1k $18.8m | Reduced -90.1k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.06% of their portfolio | 533.6k $16.8m | Added +110.5k |
| L1 Capital Pty Ltd 0.53% of their portfolio | 499.3k $15.7m | Reduced -770.0k |
| CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio | 492.9k $15.5m | New |
| Bank of New York Mellon Corp 0.00% of their portfolio | 487.9k $15.4m | Reduced -117.8k |
| Valiant Capital Management, L.P. 0.93% of their portfolio | 473.3k $14.9m | Unchanged |
| NATIXIS 0.07% of their portfolio | 468.4k $14.8m | New |
| Manchester Capital Management LLC 1.86% of their portfolio | 454.6k $14.3m | Added +454.6k |
| Cerity Partners LLC 0.02% of their portfolio | 454.5k $14.3m | Added +178.9k |
| NZS Capital, LLC 0.36% of their portfolio | 443.0k $14.0m | Reduced -141.9k |
| Coronation Fund Managers Ltd. 0.53% of their portfolio | 436.7k $13.8m | Added +87.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 416.0k $13.1m | Reduced -534.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.04% of their portfolio | 377.4k $11.9m | Added +376.7k |
| Y-Intercept (Hong Kong) Ltd 0.23% of their portfolio | 376.4k $11.9m | Added +281.1k |
| Deltroit Asset Management (UK) LLP 1.92% of their portfolio | 374.1k $11.8m | Added +261.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 372.4k $11.7m | Added +56.3k |
| Fayez Sarofim & Co 0.03% of their portfolio | 371.6k $11.7m | Reduced -58.2k |
| HILLMAN CO 3.88% of their portfolio | 348.3k $11.0m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 344.6k $10.9m | Added +64.2k |
| Walleye Capital LLC 0.05% of their portfolio | 342.4k $10.8m | Reduced -293.9k |
| XTX Topco Ltd 0.14% of their portfolio | 338.5k $10.7m | Added +146.3k |
| Legal & General Group Plc 0.00% of their portfolio | 337.0k $10.6m | Reduced -333.2k |
| Quantinno Capital Management LP 0.01% of their portfolio | 332.9k $10.5m | Reduced -308.8k |
| O'Connor Alternative Investments LLC 0.76% of their portfolio | 330.6k $10.4m | Added +222.7k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.01% of their portfolio | 314.0k $9.9m | Added +66.1k |
| Swiss National Bank 0.01% of their portfolio | 308.0k $9.7m | Reduced -183.8k |
| Invesco Ltd. 0.00% of their portfolio | 306.3k $9.7m | Reduced -67.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio | 305.0k $9.6m | Reduced -418.0k |
| Nuveen, LLC 0.00% of their portfolio | 301.8k $9.5m | Reduced -29.8k |
| Susquehanna Portfolio Strategies, LLC 0.15% of their portfolio | 294.8k $9.3m | New |
| Sumitomo Mitsui Trust Group, Inc. 0.01% of their portfolio | 287.8k $9.1m | Reduced -322.8k |
| SG Americas Securities, LLC 0.00% of their portfolio | 263.3k $8.3m | Added +211.0k |
| Robeco Institutional Asset Management B.V. 0.01% of their portfolio | 258.6k $8.2m | Reduced -239.4k |
| Amova Asset Management Americas, Inc. 0.11% of their portfolio | 258.6k $8.1m | Reduced -12.7k |
| IFP Advisors, Inc 0.14% of their portfolio | 238.2k $7.5m | Reduced -3.7k |
| Virtu Financial LLC 0.23% of their portfolio | 231.9k $7.3m | Added +13.7k |
| ALGERT GLOBAL LLC 0.08% of their portfolio | 226.3k $7.1m | New |
| Qsemble Capital Management, LP 0.88% of their portfolio | 218.4k $6.9m | Added +201.8k |
| ExodusPoint Capital Management, LP 0.06% of their portfolio | 216.1k $6.8m | Added +95.2k |
| Garde Capital, Inc. 0.29% of their portfolio | 206.7k $6.5m | Reduced -55.1k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 199.5k $6.3m | Added +128.1k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 181.9k $5.7m | Reduced -20.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 175.6k $5.5m | Reduced -104.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 172.8k $5.4m | Added +9.0k |
| BARCLAYS PLC 0.00% of their portfolio | 171.3k $5.4m | Added +28.7k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.35% of their portfolio | 171.3k $5.4m | Added +51.1k |
| Oak Thistle LLC 0.51% of their portfolio | 167.7k $5.3m | Added +159.5k |
| HRT FINANCIAL LP 0.01% of their portfolio | 164.1k $5.2m | New |
| CITIGROUP INC 0.00% of their portfolio | 152.8k $4.8m | Reduced -105.1k |
| ARK Investment Management LLC 0.03% of their portfolio | 152.6k $4.8m | Reduced -14.1k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 149.7k $4.7m | Reduced -19.6k |
| Engineers Gate Manager LP 0.06% of their portfolio | 148.3k $4.7m | New |
| Cinctive Capital Management LP 0.18% of their portfolio | 139.6k $4.4m | Added +119.1k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 138.5k $4.4m | Reduced -41.0k |
| SUSQUEHANNA FUNDAMENTAL INVESTMENTS, LLC 0.08% of their portfolio | 136.2k $4.3m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio | 129.6k $4.1m | Reduced -10.0k |
| NewEdge Wealth, LLC 0.04% of their portfolio | 128.3k $4.0m | Added +51.6k |
| Owl Creek Asset Management, L.P. 0.35% of their portfolio | 126.3k $4.0m | New |