Zillow Group, Inc.

ZG and Z • NASDAQ

Zillow Group, Inc. is a internet content & information company in the communication services sector on NASDAQ, led by Rich Barton, with a market cap of $17.5B. As of Q3 2025, 95% of shares are held by 588 institutional investors, with Caledonia Investments Pty Ltd as the largest holder at 15.75%.

CEO of Zillow Group, Inc.Rich Barton

Market Cap$17.5B

Internet Content & Information

Communication Services

Employees6.4K

Websitezillowgroup.com

Country

United States of America

Overview

Overview of institutional ownership in ZG and Z as of Q3 2025 with a market cap of $18.0B

All Institutions

Institutions: 588
Value Held: $17.1B
Shares Held: 223.9M
Avg Position: $21.3M
Median Position: $631.6K

Hedge Funds

Hedge Funds: 84
Value Held: $5.5B
Shares Held: 71.5M
Avg Position: $53.6M
Median Position: $4.8M

Ownership Breakdown

Institutional (non-HF)

64.74%

$11.7B

Hedge Funds

30.31%

$5.5B

Retail & Other

4.95%

$892.1M

Based on market cap of $18.0B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in ZG and Z as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
Caledonia Investments Pty Ltd Hedge Fund•Long/Short	David Brinton Scully Chairman	$2.9B 47.30% of portfolio	15.75% 38.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.2B
VANGUARD GROUP INC Institution	Salim Ramji CEO	$2.3B 0.03% of portfolio	12.44% 30.1M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
FMR LLC Institution	-	$1.1B 0.06% of portfolio	6.07% 14.7M shares	Q2 2018 Held for 7y 5m	$1.92T
Independent Franchise Partners LLP Long Only Manager	Jayson Ian Vowles Managing Partner	$985.8M 6.50% of portfolio	5.31% 12.9M shares	Q4 2021 Held for 3y 11m	$15.2B
B BlackRock, Inc. Institution	-	$928.8M 0.02% of portfolio	5.01% 12.1M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
C Capital World Investors Institution	-	$819.4M 0.11% of portfolio	4.39% 10.6M shares	Q1 2016 Held for 9y 8m	$730.00B
TIGER GLOBAL MANAGEMENT LLC Hedge Fund•Long/Short	Eric Scott Lane President	$447.0M 1.38% of portfolio	2.41% 5.8M shares	Q1 2025 Held for 8 months	$32.4B
I Investec Asset Management LTD Long Only Manager	Hendrik Jacobus Du Toit CEO	$378.8M 0.82% of portfolio	2.03% 4.9M shares	Q3 2023 Held for 2y 2m	$46.3B
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$344.4M 0.01% of portfolio	1.86% 4.5M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$333.9M 0.02% of portfolio	1.81% 4.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T

Net Capital Flow

Institutional buying and selling activity for ZG and Z in Q3 2025

Traded: +$711.0M
Buyers: 321
Sellers: 222
Total Bought: +$1.9B
Total Sold: −$1.2B
Avg Position: $26.7M

Biggest Buyers

Institution	Net Bought	Current Position
Contour Asset Management LLC Hedge Fund•Long/Short	+$193.6M +2.5M shares	$193.6M 2.5M shares
SCGE MANAGEMENT, L.P. Hedge Fund•Long/Short	+$134.0M +1.7M shares	$134.0M 1.7M shares
S SOMA EQUITY PARTNERS LP Hedge Fund•Long/Short	+$90.0M +1.2M shares	$113.1M 1.5M shares
FMR LLC Institution	+$83.9M +1.1M shares	$1.1B 14.7M shares
M MAVERICK CAPITAL LTD Hedge Fund•Long/Short	+$79.5M +1.0M shares	$79.5M 1.0M shares
MORGAN STANLEY RIA/Wealth	+$79.2M +1.0M shares	$182.4M 2.4M shares
H HARVARD MANAGEMENT CO INC Institution	+$73.4M +963.2K shares	$73.4M 963.2K shares
G GLENVIEW CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	+$68.5M +889.7K shares	$68.5M 889.7K shares
C Capital World Investors Institution	+$59.3M +769.9K shares	$819.4M 10.6M shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	+$59.2M +769.0K shares	$89.0M 1.2M shares

Biggest Sellers

Institution	Net Sold	Current Position
Caledonia Investments Pty Ltd Hedge Fund•Long/Short	−$244.2M −3.2M shares	$2.9B 38.2M shares
JPMORGAN CHASE & CO Institution	−$116.9M −1.5M shares	$101.4M 1.3M shares
E EMINENCE CAPITAL LLC Hedge Fund•Long/Short	−$114.2M −1.5M shares	$192.4M 2.5M shares
TIGER GLOBAL MANAGEMENT LLC Hedge Fund•Long/Short	−$107.7M −1.4M shares	$447.0M 5.8M shares
Atreides Management, LP Hedge Fund•Long/Short	−$56.9M −737.9K shares	$9.1M 118.1K shares
CITIGROUP INC Institution	−$54.1M −762.3K shares	$29.5M 382.8K shares
G Greencape Capital Pty Ltd Institution	−$36.4M −471.9K shares	$160.9M 2.1M shares
GOLDMAN SACHS GROUP INC Institution	−$35.9M −466.9K shares	$49.7M 648.2K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$30.0M −404.0K shares	$28.7M 382.6K shares
BARCLAYS PLC Institution	−$29.8M −387.4K shares	$18.5M 240.5K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited ZG and Z in Q3 2025

New Positions: 43
New Value: $199.4M
Exited Positions: 54
Exited Value: $93.7M

New Positions

Institution	Position Value
H HARVARD MANAGEMENT CO INC Institution	$73.4M 963.2K shares
G GLENVIEW CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	$68.5M 889.7K shares
S Stony Point Capital LLC Hedge Fund•Long/Short	$18.0M 241.5K shares
C CAXTON ASSOCIATES LLP Institution	$9.9M 129.4K shares
Jain Global LLC Hedge Fund•Multi-Strategy	$7.8M 102.0K shares
Ravenswood Partners LP Hedge Fund•Long/Short	$7.8M 101.2K shares
Aubrey Capital Management Ltd Long Only Manager	$3.1M 39.7K shares
FIDUCIARY FINANCIAL GROUP, LLC RIA/Wealth	$2.1M 27.2K shares
WT Wealth Management RIA/Wealth	$1.5M 18.9K shares
JENNISON ASSOCIATES LLC Long Only Manager	$1.2M 15.6K shares

Exited Positions

Institution	Previous Position
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$20.7M 298.9K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$15.0M 214.4K shares
A Alyeska Investment Group, L.P. Hedge Fund•Multi-Strategy	$12.7M 180.7K shares
OGBORNE CAPITAL MANAGEMENT, LLC Hedge Fund•Long/Short	$10.3M 150.0K shares
A AustralianSuper Pty Ltd Institution	$9.9M 141.0K shares
Marshall Wace LLP Institution	$4.0M 58.8K shares
P PenderFund Capital Management Ltd. Institution	$3.5M 49.8K shares
CenterBook Partners LP Hedge Fund•Market Neutral	$2.9M 42.0K shares
Q Qsemble Capital Management, LP Hedge Fund•Quant	$1.9M 27.2K shares
B Brevan Howard Capital Management LP Institution	$1.7M 24.5K shares

Options Activity

Institutions with the largest Call and Put options positions in ZG and Z as of Q3 2025

Call Positions: 38
Call Value: $601.0M
Put Positions: 39
Put Value: $462.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$118.8M 15.4K contracts
J JANE STREET GROUP, LLC Institution	$86.6M 11.2K contracts
Walleye Trading LLC RIA/Wealth	$66.1M 8.6K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$63.4M 8.2K contracts
P PEAK6 LLC Institution	$35.3M 4.6K contracts
UBS Group AG Institution	$32.3M 4.2K contracts
W WOLVERINE TRADING, LLC Institution	$31.9M 4.0K contracts
B BNP PARIBAS ARBITRAGE, SA Institution	$31.2M 40.5 contracts
D D. E. Shaw & Co., Inc. Institution	$28.5M 3.7K contracts
M MAPLELANE CAPITAL, LLC Hedge Fund•Long/Short	$16.2M 2.1K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$106.6M 13.8K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$64.1M 8.3K contracts
Walleye Trading LLC RIA/Wealth	$56.1M 7.3K contracts
UBS Group AG Institution	$47.5M 6.2K contracts
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	$33.5M 4.4K contracts
P PEAK6 LLC Institution	$18.4M 2.4K contracts
J J. Goldman & Co LP Hedge Fund•Multi-Strategy	$18.0M 2.3K contracts
CITIGROUP INC Institution	$13.1M 1.7K contracts
P Parallax Volatility Advisers, LLC Hedge Fund•Vol Arbitrage	$11.6M 1.5K contracts
D D. E. Shaw & Co., Inc. Institution	$11.0M 1.4K contracts

Most Committed Institutions

Institutions with ZG and Z as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
T Technology Crossover Management VIII, Ltd. Institution	-	52.93% $239.3M	1.29% 3.1M shares	Q4 2016 Held for 8y 11m	$452.2M
Caledonia Investments Pty Ltd Hedge Fund•Long/Short	David Brinton Scully Chairman	47.30% $2.9B	15.75% 38.2M shares	≤ Q2 2013 Held for 12y 5m+	$6.2B
G Greencape Capital Pty Ltd Institution	-	39.43% $160.9M	0.86% 2.1M shares	Q4 2021 Held for 3y 11m	$408.1M
T Technology Crossover Management IX, Ltd. Institution	-	19.10% $242.3M	1.30% 3.1M shares	Q4 2018 Held for 6y 11m	$1.3B
T Technology Crossover Management XI, Ltd. Institution	-	18.43% $180.1M	0.97% 2.3M shares	Q2 2024 Held for 1y 5m	$977.4M
Avory & Company, LLC RIA/Wealth	Sean Nmn Emory Managing Partner	9.43% $15.7M	0.08% 203.2K shares	Q3 2021 Held for 4y 2m	$166.0M
H HILLMAN CO Institution	-	8.29% $26.8M	0.14% 348.3K shares	Q3 2024 Held for 1y 2m	$323.9M
B Barrier Capital Management, LLC RIA/Wealth	Christopher Bennett Kanand Managing Partner	7.58% $10.2M	0.06% 137.5K shares	Q3 2024 Held for 1y 2m	$135.1M
Selkirk Management LLC Hedge Fund•Long/Short	Christian Todd Amundsen Managing Partner	7.46% $27.2M	0.15% 365.8K shares	Q4 2014 Held for 10y 11m	$364.8M
Yost Capital Management, L.L.C. Hedge Fund•Long/Short	Jason Kyle Knutson CFO	7.25% $6.0M	0.03% 77.4K shares	Q1 2022 Held for 3y 8m	$82.3M

Hedge Fund Spotlight

Discover hedge funds investing in ZG and Z

Stony Point Capital LLC

Hedge Fund • Long/Short

Portfolio ManagerRichard John Walters

Portfolio Value: $1.4B
Positions: 35
Last Reported: Q3 2025

Sector Allocation

Position in Zillow Group, Inc.

ZG and Z

Market Value: $18.0M
Shares Held: 241.5K
Portfolio Weight: 1.26%
Owned Since: 2025-Q3

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