Vault-13

ZILLOW GROUP INC Z 2.75 05.15.25

NOTE 2.750% 5/1 · US DOMESTIC · CUSIP 98954MAH4

50 institutional holders -2 vs Q1 2023
12,110,00012.1m shares reported held*
$605.7mreported value*
4 new 16 added 13 reduced 6 sold out net bought ≈ $1.9m (+394.0k 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 ≈ $50.02.

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 53Q1 23: 52Q2 23: 5050Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 202252
Q4 202253
Q1 202352
Q2 202350

Buyers vs sellers

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

Bought or addedCut or sold out
40040Q4 22: 12 bought or addedQ4 22: 24 cut or sold outQ4 22Q1 23: 22 bought or addedQ1 23: 26 cut or sold outQ1 23Q2 23: 20 bought or addedQ2 23: 19 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 20221224
Q1 20232226
Q2 20232019

Biggest buyers

VOYA INVESTMENT MANAGEMENT LLC Added +17,535,000+17.5m
Lombard Odier Asset Management (Europe) Ltd New +15,723,000+15.7m
GOLDMAN SACHS GROUP INC New +5,300,000+5.3m
SHENKMAN CAPITAL MANAGEMENT INC Added +3,401,000+3.4m
PALISADE CAPITAL MANAGEMENT, LP Added +2,943,000+2.9m
SSI INVESTMENT MANAGEMENT LLC Added +2,470,000+2.5m
JPMORGAN CHASE & CO Added +2,440,000+2.4m
ADVENT CAPITAL MANAGEMENT /DE/ Added +2,104,000+2.1m
Jefferies Financial Group Inc. Added +1,686,000+1.7m
Wellesley Asset Management Added +1,675,879+1.7m

Biggest sellers

WOLVERINE ASSET MANAGEMENT LLC Reduced -19,854,000-19.9m
AXA S.A. Sold out -9,500,000-9.5m
BNP PARIBAS FINANCIAL MARKETS Reduced -8,267,000-8.3m
LAZARD ASSET MANAGEMENT LLC Reduced -4,500,000-4.5m
AMERIPRISE FINANCIAL INC Reduced -4,500,000-4.5m
SCHRODER INVESTMENT MANAGEMENT GROUP Sold out -3,500,000-3.5m
BANK OF AMERICA CORP /DE/ Reduced -2,662,000-2.7m
WELLS FARGO & COMPANY/MN Reduced -2,130,000-2.1m
BARCLAYS PLC Sold out -1,454,000-1.5m
Linden Advisors LP Reduced -1,000,000-1.0m

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.29% of their portfolio ATLANTA, GA 270,150,000270.1m $284.7m $284.7m 0.29% Added +17.5m +17,535,000
2 LAZARD ASSET MANAGEMENT LLC 0.06% of their portfolio NEW YORK, NY 45,580,00045.6m $48.0m $48.0m 0.06% Reduced -4.5m -4,500,000
3 MacKay Shields LLC 1.26% of their portfolio New York, NY 42,801,00042.8m $45.1m $45.1m 1.26% Reduced -255.0k -255,000
4 ADVENT CAPITAL MANAGEMENT /DE/ 0.68% of their portfolio NEW YORK, NY 32,079,00032.1m $33.8m $33.8m 0.68% Added +2.1m +2,104,000
5 FRANKLIN RESOURCES INC 0.02% of their portfolio San Mateo, CA 31,500,00031.5m $33.2m $33.2m 0.02% Unchanged
6 SHENKMAN CAPITAL MANAGEMENT INC 1.30% of their portfolio NEW YORK, NY 15,765,00015.8m $16.6m $16.6m 1.30% Added +3.4m +3,401,000
7 Lombard Odier Asset Management (Europe) Ltd 0.80% of their portfolio LONDON, X0 15,723,00015.7m $16.6m $16.6m 0.80% New
8 SSI INVESTMENT MANAGEMENT LLC 0.95% of their portfolio Los Angeles, CA 12,877,00012.9m $13.5m $13.5m 0.95% Added +2.5m +2,470,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 11,859,00011.9m $12.5m $12.5m 0.00% Added +1.4m +1,350,000
10 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 10,967,00011.0m $11.6m $11.6m 0.00% Added +2.4m +2,440,000
11 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 10,754,00010.8m $11.3m $11.3m 0.00% Reduced -4.5m -4,500,000
12 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.02% of their portfolio FRANKFURT AM MAIN, 2M 10,000,00010.0m $10.6m $10.6m 0.02% Added +1.5m +1,500,000
13 Linden Advisors LP 0.10% of their portfolio New York, NY 8,889,0008.9m $9.4m $9.4m 0.10% Reduced -1.0m -1,000,000
14 WOLVERINE ASSET MANAGEMENT LLC 0.13% of their portfolio CHICAGO, IL 6,654,0006.7m $7.0m $7.0m 0.13% Reduced -19.9m -19,854,000
15 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 6,521,0006.5m $6.9m $6.9m 0.00% Reduced -2.1m -2,130,000
16 PUTNAM INVESTMENTS LLC 0.01% of their portfolio BOSTON, MA 6,198,0006.2m $6.5m $6.5m 0.01% Unchanged
17 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 5,300,0005.3m $5.6m $5.6m 0.00% New
18 NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio ALBANY, NY 4,826,0004.8m $5.1m $5.1m 0.01% Added +373.0k +373,000
19 Man Group plc 0.02% of their portfolio LONDON, X0 4,700,0004.7m $4.9m $4.9m 0.02% Unchanged
20 PALISADE CAPITAL MANAGEMENT, LP 0.11% of their portfolio FORT LEE, NJ 3,943,0003.9m $4.2m $4.2m 0.11% Added +2.9m +2,943,000
21 BlackRock Inc. 0.00% of their portfolio New York, NY 3,250,0003.2m $3.4m $3.4m 0.00% Reduced -50.0k -50,000
22 First Pacific Advisors, LP 0.03% of their portfolio EL SEGUNDO, CA 1,990,0002.0m $2.1m $2.1m 0.03% Unchanged
23 Pinnacle Holdings, LLC 0.89% of their portfolio TULSA, OK 1,900,0001.9m $2.0m $2.0m 0.89% Unchanged
24 Wellesley Asset Management 0.15% of their portfolio PORTSMOUTH, NH 1,827,8791.8m $1.9m $1.9m 0.15% Added +1.7m +1,675,879
25 Jefferies Financial Group Inc. 0.04% of their portfolio NEW YORK, NY 1,735,0001.7m $1.8m $1.8m 0.04% Added +1.7m +1,686,000
26 Magnetar Financial LLC 0.02% of their portfolio EVANSTON, IL 1,000,0001.0m $1.1m $1.1m 0.02% New
27 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 891,000891.0k $944.3k $944.3k 0.00% Added +440.0k +440,000
28 PROSPECTOR PARTNERS LLC 0.10% of their portfolio GUILFORD, CT 700,000700.0k $734.3k $734.3k 0.10% Unchanged
29 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 623,000623.0k $656.0k $656.0k 0.00% Reduced -576.0k -576,000
30 Amundi 0.00% of their portfolio Paris, I0 571,000571.0k $603.8k $603.8k 0.00% Added +480.0k +480,000
31 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $527.6k $527.6k 0.00% Unchanged
32 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 400,000400.0k $425.5k $425.5k 0.00% Unchanged
33 FMR LLC 0.00% of their portfolio BOSTON, MA 350,000350.0k $367.1k $367.1k 0.00% Reduced -350.0k -350,000
34 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 346,000346.0k $363.0k $363.0k 0.00% Unchanged
35 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 275,000275.0k $290.5k $290.5k 0.00% Reduced -8.3m -8,267,000
36 KBC Group NV 0.00% of their portfolio Brussels, C9 250,000250.0k $265.0k $265.0k 0.00% Reduced -50.0k -50,000
37 FIRST HAWAIIAN BANK 0.01% of their portfolio HONOLULU, HI 239,000239.0k $250.7k $250.7k 0.01% Added +50.0k +50,000
38 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 142,000142.0k $149.0k $149.0k 0.00% Added +26.0k +26,000
39 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 53,50053.5k $56.1k $56.1k 0.00% Reduced -2.7m -2,662,000
40 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 51,00051.0k $53.5k $53.5k 0.00% Unchanged
41 LAKE STREET ADVISORS GROUP, LLC 0.00% of their portfolio PORTSMOUTH, NH 46,00046.0k $48.0k $48.0k 0.00% Unchanged
42 STEPHENS INC /AR/ 0.00% of their portfolio LITTLE ROCK, AR 43,00043.0k $45.1k $45.1k 0.00% Unchanged
43 Balboa Wealth Partners 0.01% of their portfolio SCOTTSDALE, AZ 32,00032.0k $33.6k $33.6k 0.01% Reduced -3.0k -3,000
44 Iron Horse Wealth Management, LLC 0.01% of their portfolio JOHSTON, IA 16,00016.0k $16.8k $16.8k 0.01% Unchanged
45 Marcum Wealth, LLC 0.00% of their portfolio CLEVELAND, OH 14,00014.0k $14.7k $14.7k 0.00% Unchanged
46 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,0009.0k $9.4k $9.4k 0.00% Unchanged
47 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 7,0007.0k $7.0k $7.0k 0.00% Unchanged
48 UBS Group AG 0.00% of their portfolio ZURICH, V8 7,0007.0k $7.3k $7.3k 0.00% Added +3.0k +3,000
49 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 5,0005.0k $524.5k $524.5k 0.00% New
50 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged