Vault-13

ZILLOW GROUP INC Z 1.375 09.01.26

NOTE 1.375% 9/0 · US DOMESTIC · CUSIP 98954MAG6

63 institutional holders +12 vs Q1 2024
21,400,28421.4m shares reported held*
$616.8mreported value*
20 new 20 added 15 reduced 7 sold out net sold ≈ $951.5k (+365.7k shares)

* 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. Holder counts are more reliable. Implied quarter-end price ≈ $28.82. Options: 1 managers hold calls ($296.9k notional), 0 hold puts (—).

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0255075Q3 22: 40Q4 22: 43Q1 23: 48Q2 23: 50Q3 23: 49Q4 23: 51Q1 24: 51Q2 24: 6363Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202240
Q4 202243
Q1 202348
Q2 202350
Q3 202349
Q4 202351
Q1 202451
Q2 202463

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
40040Q4 22: 16 bought or addedQ4 22: 16 cut or sold outQ4 22Q1 23: 26 bought or addedQ1 23: 20 cut or sold outQ2 23: 17 bought or addedQ2 23: 24 cut or sold outQ2 23Q3 23: 19 bought or addedQ3 23: 26 cut or sold outQ4 23: 26 bought or addedQ4 23: 18 cut or sold outQ4 23Q1 24: 24 bought or addedQ1 24: 26 cut or sold outQ2 24: 40 bought or addedQ2 24: 22 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221616
Q1 20232620
Q2 20231724
Q3 20231926
Q4 20232618
Q1 20242426
Q2 20244022

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$100k$200k$300kQ3 23 calls: $0Q3 23 puts: $0Q3 23P/C —Q4 23 calls: $0Q4 23 puts: $0Q4 23P/C —Q1 24 calls: $0Q1 24 puts: $0Q1 24P/C —Q2 24 calls: $296.9kQ2 24 puts: $0Q2 24P/C 0.00
Numbers
QuarterCallsPutsP/C
Q3 2023$0$0—
Q4 2023$0$0—
Q1 2024$0$0—
Q2 2024$296.9k$00.00

Biggest buyers

MacKay Shields LLC New +51,438,000+51.4m
ADVENT CAPITAL MANAGEMENT /DE/ Added +50,430,000+50.4m
Point72 Asset Management, L.P. New +10,000,000+10.0m
SHENKMAN CAPITAL MANAGEMENT INC Added +6,694,000+6.7m
JPMORGAN CHASE & CO Added +6,532,000+6.5m
Man Group plc Added +5,240,000+5.2m
WELLINGTON MANAGEMENT GROUP LLP Added +4,450,000+4.5m
ROYAL BANK OF CANADA Added +4,040,000+4.0m
NEW YORK STATE COMMON RETIREMENT FUND New +3,970,000+4.0m
Polar Capital Holdings Plc New +3,000,000+3.0m

Biggest sellers

WHITEBOX ADVISORS LLC Reduced -40,912,000-40.9m
WOLVERINE ASSET MANAGEMENT LLC Reduced -36,100,000-36.1m
D. E. Shaw & Co., Inc. Sold out -17,800,000-17.8m
Lombard Odier Asset Management (Europe) Ltd Reduced -14,671,000-14.7m
Walleye Capital LLC Sold out -10,000,000-10.0m
Calamos Advisors LLC Reduced -9,028,000-9.0m
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -8,900,000-8.9m
Sculptor Capital LP Sold out -6,500,000-6.5m
JANE STREET GROUP, LLC Reduced -6,100,000-6.1m
Parallax Volatility Advisers, L.P. Sold out -6,000,000-6.0m

Biggest calls

Lombard Odier Asset Management (Europe) Ltd New $296.9k6.4k shares

Biggest puts

None

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.

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 WOLVERINE ASSET MANAGEMENT LLC 2.06% of their portfolio CHICAGO, IL 90,469,00090.5m $109.3m $109.3m 2.06% Reduced -36.1m -36,100,000
2 ADVENT CAPITAL MANAGEMENT /DE/ 1.65% of their portfolio NEW YORK, NY 55,858,00055.9m $68.2m $68.2m 1.65% Added +50.4m +50,430,000
3 MacKay Shields LLC 1.90% of their portfolio New York, NY 51,438,00051.4m $62.5m $62.5m 1.90% New
4 Man Group plc 0.09% of their portfolio LONDON, X0 28,170,00028.2m $34.1m $34.1m 0.09% Added +5.2m +5,240,000
5 LAZARD ASSET MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 22,808,00022.8m $27.7m $27.7m 0.03% Reduced -1.0m -1,000,000
6 Calamos Advisors LLC 0.12% of their portfolio NAPERVILLE, IL 19,841,00019.8m $24.0m $24.0m 0.12% Reduced -9.0m -9,028,000
7 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 19,724,00019.7m $24.0m $24.0m 0.00% Added +6.5m +6,532,000
8 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 18,569,00018.6m $22.5m $22.5m 0.00% Added +4.5m +4,450,000
9 SHENKMAN CAPITAL MANAGEMENT INC 2.00% of their portfolio NEW YORK, NY 18,554,00018.6m $23.3m $23.3m 2.00% Added +6.7m +6,694,000
10 WHITEBOX ADVISORS LLC 0.72% of their portfolio MINNEAPOLIS, MN 14,883,00014.9m $17.9m $17.9m 0.72% Reduced -40.9m -40,912,000
11 First Pacific Advisors, LP 0.24% of their portfolio EL SEGUNDO, CA 14,421,00014.4m $17.4m $17.4m 0.24% Unchanged
12 FMR LLC 0.00% of their portfolio BOSTON, MA 12,175,00012.2m $14.7m $14.7m 0.00% Reduced -1.0m -1,000,000
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 10,506,00010.5m $12.7m $12.7m 0.00% Added +300.0k +300,000
14 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 10,450,00010.4m $12.5m $12.5m 0.01% Reduced -6.1m -6,100,000
15 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 10,000,00010.0m $12.1m $12.1m 0.04% New
16 Graham Capital Management, L.P. 0.27% of their portfolio ROWAYTON, CT 6,553,0006.6m $7.9m $7.9m 0.27% Unchanged
17 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 6,411,0006.4m $7.8m $7.8m 0.00% Reduced -92.0k -92,000
18 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 6,400,0006.4m $7.7m $7.7m 0.00% Reduced -200.0k -200,000
19 RWC Asset Management LLP 0.55% of their portfolio LONDON, X0 6,400,0006.4m $7.8m $7.8m 0.55% Reduced -800.0k -800,000
20 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 6,163,0006.2m $7.4m $7.4m 0.00% Added +4.0m +4,040,000
21 Mirabaud Asset Management (France) SAS 3.91% of their portfolio PARIS, I0 6,050,0006.0m $7.4m $7.4m 3.91% Added +50.0k +50,000
22 AXA S.A. 0.01% of their portfolio PARIS, I0 5,960,0006.0m $7.3m $7.3m 0.01% Added +2.5m +2,480,000
23 VOYA INVESTMENT MANAGEMENT LLC 0.01% of their portfolio ATLANTA, GA 5,500,0005.5m $6.7m $6.7m 0.01% Reduced -4.0m -4,000,000
24 ZAZOVE ASSOCIATES LLC 0.35% of their portfolio INCLINE VILLAGE, NV 5,000,0005.0m $6.1m $6.1m 0.35% Unchanged
25 Amundi 0.00% of their portfolio Paris, I0 4,635,0004.6m $5.5m $5.5m 0.00% Added +1.6m +1,635,000
26 BlackRock Inc. 0.00% of their portfolio New York, NY 4,100,0004.1m $4.9m $4.9m 0.00% Added +300.0k +300,000
27 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 3,970,0004.0m $4.8m $4.8m 0.01% New
28 Polar Capital Holdings Plc 0.02% of their portfolio London, X0 3,000,0003.0m $3.6m $3.6m 0.02% New
29 TORONTO DOMINION BANK 0.01% of their portfolio TORONTO, ONTARIO, A6 2,750,0002.8m $3.3m $3.3m 0.01% Added +1.8m +1,750,000
30 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,704,0002.7m $3.3m $3.3m 0.00% Added +2.4m +2,403,000
31 Liberty Mutual Group Asset Management Inc. 0.46% of their portfolio Boston, MA 2,575,0002.6m $3.1m $3.1m 0.46% Unchanged
32 GABELLI FUNDS LLC 0.02% of their portfolio Rye, NY 2,400,0002.4m $2.9m $2.9m 0.02% New
33 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 2,230,0002.2m $2.7m $2.7m 0.00% Reduced -620.0k -620,000
34 SSI INVESTMENT MANAGEMENT LLC 0.19% of their portfolio Los Angeles, CA 2,086,0002.1m $2.5m $2.5m 0.19% New
35 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio FRANKFURT AM MAIN, 2M 1,750,0001.8m $2.1m $2.1m 0.00% Added +1.5m +1,500,000
36 PALISADE CAPITAL MANAGEMENT, LP 0.05% of their portfolio FORT LEE, NJ 1,609,0001.6m $1.9m $1.9m 0.05% Added +500.0k +500,000
37 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 1,523,0001.5m $1.9m $1.9m 0.00% New
38 OAKTREE CAPITAL MANAGEMENT LP 0.03% of their portfolio LOS ANGELES, CA 1,250,0001.2m $1.5m $1.5m 0.03% Unchanged
39 Lombard Odier Asset Management (Europe) Ltd 0.06% of their portfolio LONDON, X0 1,090,0001.1m $1.3m $1.3m 0.06% Reduced -14.7m -14,671,000
40 EDMOND DE ROTHSCHILD HOLDING S.A. 0.02% of their portfolio CHAMBESY, V8 980,000980.0k $1.2m $1.2m 0.02% Reduced -25.0k -25,000
41 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 950,000950.0k $1.2m $1.2m 0.00% Reduced -550.0k -550,000
42 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 700,000700.0k $850.3k $850.3k 0.00% Unchanged
43 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 625,000625.0k $753.5k $753.5k 0.00% Added +403.0k +403,000
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 496,000496.0k $598.0k $598.0k 0.00% Added +235.0k +235,000
45 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 490,000490.0k $590.7k $590.7k 0.00% New
46 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 385,000385.0k $464.2k $464.2k 0.00% New
47 LOOMIS SAYLES & CO L P 0.02% of their portfolio BOSTON, MA 250,745250.7k $11.6m $11.6m 0.02% Added +144.4k +144,448
48 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 160,000160.0k $192.9k $192.9k 0.00% New
49 Calamos Wealth Management LLC 0.01% of their portfolio NAPERVILLE, IL 146,000146.0k $176.9k $176.9k 0.01% Added +7.0k +7,000
50 Central Pacific Bank - Trust Division 0.02% of their portfolio HONOLULU, HI 120,000120.0k $144.7k $144.7k 0.02% New
51 Jefferies Financial Group Inc. 0.00% of their portfolio NEW YORK, NY 116,000116.0k $140.7k $140.7k 0.00% New
52 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $122.0k $122.0k 0.00% Unchanged
53 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 98,00098.0k $118.2k $118.2k 0.00% New
54 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 81,00081.0k $97.7k $97.7k 0.00% New
55 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 74,00074.0k $89.2k $89.2k 0.00% Added +56.0k +56,000
56 NOMURA HOLDINGS INC 0.02% of their portfolio TOKYO, M0 52,53952.5k $2.4m $2.4m 0.02% Reduced -50.7k -50,724
57 FIRST HAWAIIAN BANK 0.00% of their portfolio HONOLULU, HI 35,00035.0k $42.2k $42.2k 0.00% New
58 CHOREO, LLC 0.00% of their portfolio ROCKFORD, IL 26,00026.0k $31.2k $31.2k 0.00% New
59 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 26,00026.0k $31.2k $31.2k 0.01% New
60 INSIGNEO ADVISORY SERVICES, LLC 0.00% of their portfolio MIAMI, FL 13,00013.0k $15.2k $15.2k 0.00% New
61 SG Americas Securities, LLC 0.01% of their portfolio NEW YORK, NY 12,80012.8k $1.5m $1.5m 0.01% New
62 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 10,00010.0k $12.1k $12.1k 0.00% New
63 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged