Vault-13

ZILLOW GROUP INC Z 2.75 05.15.25

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

46 institutional holders -10 vs Q1 2024
11,589,00011.6m shares reported held*
$440.7mreported value*
7 new 6 added 19 reduced 17 sold out net sold ≈ $162.9m (-61.1m 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 ≈ $38.03.

Trends to Q2 2024

Institutional holders

Managers reporting a position, each quarter

0204060Q3 22: 52Q4 22: 53Q1 23: 52Q2 23: 50Q3 23: 57Q4 23: 59Q1 24: 56Q2 24: 4646Q3 22Q1 23Q3 23Q1 24Q2 24
Numbers
QuarterHolders
Q3 202252
Q4 202253
Q1 202352
Q2 202350
Q3 202357
Q4 202359
Q1 202456
Q2 202446

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 outQ2 23: 20 bought or addedQ2 23: 19 cut or sold outQ2 23Q3 23: 26 bought or addedQ3 23: 24 cut or sold outQ4 23: 24 bought or addedQ4 23: 20 cut or sold outQ4 23Q1 24: 22 bought or addedQ1 24: 22 cut or sold outQ2 24: 13 bought or addedQ2 24: 36 cut or sold outQ2 24
Numbers
QuarterBought or addedCut or sold out
Q4 20221224
Q1 20232226
Q2 20232019
Q3 20232624
Q4 20232420
Q1 20242222
Q2 20241336

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +9,990,600+10.0m
Wellesley Asset Management Added +2,838,809+2.8m
CITIGROUP INC New +2,712,000+2.7m
VOYA INVESTMENT MANAGEMENT LLC Added +2,000,000+2.0m
Pinnacle Holdings, LLC New +1,650,000+1.6m
GOLDMAN SACHS GROUP INC New +1,500,000+1.5m
BARCLAYS PLC New +1,173,000+1.2m
Jefferies Financial Group Inc. New +1,000,000+1.0m
MORGAN STANLEY Added +611,000+611.0k
BlackRock Inc. Added +325,000+325.0k

Biggest sellers

LORD, ABBETT & CO. LLC Reduced -46,754,000-46.8m
MacKay Shields LLC Reduced -41,816,000-41.8m
ADVENT CAPITAL MANAGEMENT /DE/ Reduced -28,725,000-28.7m
SHENKMAN CAPITAL MANAGEMENT INC Reduced -14,624,000-14.6m
SSI INVESTMENT MANAGEMENT LLC Reduced -13,477,000-13.5m
CANNELL CAPITAL LLC Sold out -7,800,000-7.8m
SONA ASSET MANAGEMENT (US) LLC Sold out -7,500,000-7.5m
NEW YORK STATE COMMON RETIREMENT FUND Sold out -4,362,000-4.4m
Invesco Ltd. Sold out -4,000,000-4.0m
STATE STREET CORP Reduced -3,400,000-3.4m

Holders, Q2 2024

#ManagerLocationShares Value% of their portfolioChangeShares change
1 VOYA INVESTMENT MANAGEMENT LLC 0.22% of their portfolio ATLANTA, GA 219,400,000219.4m $222.2m $222.2m 0.22% Added +2.0m +2,000,000
2 LAZARD ASSET MANAGEMENT LLC 0.09% of their portfolio NEW YORK, NY 68,865,00068.9m $69.8m $69.8m 0.09% Unchanged
3 FRANKLIN RESOURCES INC 0.01% of their portfolio San Mateo, CA 31,500,00031.5m $31.9m $31.9m 0.01% Unchanged
4 Wellesley Asset Management 1.66% of their portfolio PORTSMOUTH, NH 15,537,80915.5m $15.7m $15.7m 1.66% Added +2.8m +2,838,809
5 LORD, ABBETT & CO. LLC 0.02% of their portfolio JERSEY CITY, NJ 10,986,00011.0m $11.1m $11.1m 0.02% Reduced -46.8m -46,754,000
6 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.01% of their portfolio FRANKFURT AM MAIN, 2M 10,000,00010.0m $10.1m $10.1m 0.01% Unchanged
7 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 9,991,10010.0m $10.1m $10.1m 0.00% Added +10.0m +9,990,600
8 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 8,838,0008.8m $8.9m $8.9m 0.00% Reduced -892.0k -892,000
9 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 8,459,0008.5m $8.6m $8.6m 0.00% Reduced -3.4m -3,400,000
10 Lombard Odier Asset Management (Europe) Ltd 0.34% of their portfolio LONDON, X0 6,923,0006.9m $7.0m $7.0m 0.34% Unchanged
11 AMERIPRISE FINANCIAL INC 0.00% of their portfolio MINNEAPOLIS, MN 6,002,0006.0m $6.0m $6.0m 0.00% Reduced -1.0m -1,000,000
12 BlackRock Inc. 0.00% of their portfolio New York, NY 4,400,0004.4m $4.4m $4.4m 0.00% Added +325.0k +325,000
13 SCHRODER INVESTMENT MANAGEMENT GROUP 0.00% of their portfolio London, X0 4,200,0004.2m $4.2m $4.2m 0.00% Reduced -1.4m -1,400,000
14 PALISADE CAPITAL MANAGEMENT, LP 0.11% of their portfolio FORT LEE, NJ 3,867,0003.9m $3.9m $3.9m 0.11% Reduced -49.0k -49,000
15 Man Group plc 0.01% of their portfolio LONDON, X0 3,600,0003.6m $3.6m $3.6m 0.01% Reduced -800.0k -800,000
16 SSI INVESTMENT MANAGEMENT LLC 0.22% of their portfolio Los Angeles, CA 2,891,0002.9m $2.9m $2.9m 0.22% Reduced -13.5m -13,477,000
17 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 2,712,0002.7m $2.7m $2.7m 0.00% New
18 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 2,078,0002.1m $2.1m $2.1m 0.00% Added +15.0k +15,000
19 First Pacific Advisors, LP 0.03% of their portfolio EL SEGUNDO, CA 1,990,0002.0m $2.0m $2.0m 0.03% Unchanged
20 DNCA FINANCE 0.16% of their portfolio PARIS, I0 1,850,0001.9m $1.9m $1.9m 0.16% First filing
21 Pinnacle Holdings, LLC 0.68% of their portfolio TULSA, OK 1,650,0001.6m $1.7m $1.7m 0.68% New
22 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 1,500,0001.5m $1.5m $1.5m 0.00% New
23 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 1,173,0001.2m $1.2m $1.2m 0.00% New
24 Jefferies Financial Group Inc. 0.02% of their portfolio NEW YORK, NY 1,000,0001.0m $1.0m $1.0m 0.02% New
25 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 891,000891.0k $904.3k $904.3k 0.00% Unchanged
26 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 660,000660.0k $668.5k $668.5k 0.00% Unchanged
27 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 614,000614.0k $618.8k $618.8k 0.00% Added +611.0k +611,000
28 ADVENT CAPITAL MANAGEMENT /DE/ 0.01% of their portfolio NEW YORK, NY 591,000591.0k $600.7k $600.7k 0.01% Reduced -28.7m -28,725,000
29 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 500,000500.0k $506.2k $506.2k 0.00% Unchanged
30 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 380,000380.0k $384.7k $384.7k 0.00% Reduced -1.7m -1,728,000
31 ABN AMRO INVESTMENT SOLUTIONS 0.01% of their portfolio PARIS CEDEX 008, I0 350,000350.0k $354.5k $354.5k 0.01% Reduced -150.0k -150,000
32 SHENKMAN CAPITAL MANAGEMENT INC 0.03% of their portfolio NEW YORK, NY 340,000340.0k $345.6k $345.6k 0.03% Reduced -14.6m -14,624,000
33 Zurcher Kantonalbank (Zurich Cantonalbank) 0.00% of their portfolio ZURICH, V8 100,000100.0k $98.0k $98.0k 0.00% Reduced -100.0k -100,000
34 KBC Group NV 0.00% of their portfolio Brussels, C9 100,000100.0k $102.0k $102.0k 0.00% Reduced -150.0k -150,000
35 Fox Hill Wealth Management 0.05% of their portfolio DEDHAM, MA 80,00080.0k $80.9k $80.9k 0.05% Unchanged
36 AQR Arbitrage LLC 0.00% of their portfolio Greenwich, CT 75,00075.0k $76.0k $76.0k 0.00% Reduced -35.0k -35,000
37 COMERICA BANK 0.00% of their portfolio DALLAS, TX 55,00055.0k $55.4k $55.4k 0.00% Unchanged
38 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 51,00051.0k $51.4k $51.4k 0.00% Unchanged
39 RAYMOND JAMES & ASSOCIATES 0.00% of their portfolio ST PETERSBURG, FL 21,00021.0k $21.2k $21.2k 0.00% New
40 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 17,00017.0k $17.0k $17.0k 0.00% Reduced -12.0k -12,000
41 Stonegate Investment Group, LLC 0.00% of their portfolio BIRMINGHAM, AL 13,00013.0k $13.1k $13.1k 0.00% Reduced -25.0k -25,000
42 MacKay Shields LLC 0.00% of their portfolio New York, NY 10,00010.0k $10.1k $10.1k 0.00% Reduced -41.8m -41,816,000
43 NORTHWESTERN MUTUAL WEALTH MANAGEMENT CO 0.00% of their portfolio MILWAUKEE, WI 9,0009.0k $9.1k $9.1k 0.00% Unchanged
44 Candriam S.C.A. 0.01% of their portfolio STRASSEN, N4 1,2001.2k $1.1m $1.1m 0.01% Reduced -400 -400
45 ROTHSCHILD INVESTMENT LLC 0.00% of their portfolio CHICAGO, IL 1,0001.0k $1.0k $1.0k 0.00% New
46 CONCOURSE FINANCIAL GROUP SECURITIES, INC. 0.00% of their portfolio BIRMINGHAM, AL 00 $0 $0 0.00% Unchanged