Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Zillow Group Inc (Z)

408 + Investors. Track Smart Money conviction in Z. See who's accumulating, reducing, or initiating positions.

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -73
Streak
2Q ▼
Buyers last Q
39%

Smart Money Signals — Z

Based on 416 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their Z positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.
📊

High ownership — 78% of 3.0Y peak

78% of all-time peak
416 funds currently hold this stock — 78% of the 3.0-year high of 531 funds (reached 2025 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 13% fewer funds vs a year ago

fund count last 6Q
60 fewer hedge funds hold Z compared to a year ago (-13% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🔴

Heavy selling pressure — only 39% buying

206 buying316 selling
Last quarter: 316 funds sold vs only 206 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.
⚠️

Fewer new buyers each quarter (-10 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 109 → 93 → 77 → 67. Each quarter fewer new institutions are entering. This usually means most funds that wanted in are already in — the stock is well-known but the pool of potential new buyers is shrinking.
🔒

64% of holders stayed for 2+ years

■ 64% conviction (2yr+) ■ 20% medium ■ 16% new
267 out of 416 hedge funds have held Z for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.
💎

Buying through price weakness — shares +1%, value -23%

Value
-22%
Shares
+0%
Last quarter: funds added +1% more shares while total portfolio value only changed -23%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
📊

Peak discovery — momentum slowing

58 → 109 → 93 → 77 → 67 new funds/Q
New funds entering each quarter: 109 → 93 → 77 → 67. Z is well-known in the hedge fund world, but fresh entries are gradually declining. The explosive phase of institutional discovery is likely behind us.
🏛️

Veteran-anchored — 71% veterans vs 17% newcomers

■ 71% veterans ■ 12% 1-2yr ■ 17% new
Entry-cohort mix of 452 holders: 323 (71%) are 2+ year veterans, 53 entered 1–2 years ago, and 76 (17%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 36% AUM from major funds

36% from top-100 AUM funds
54 of 412 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
2.8
out of 10
Low Exit Risk
Exit risk score 2.8/10 — low institutional crowding. Ownership is below peak levels, holder base is relatively sticky, and buying momentum is positive.

Methodology note: these Smart Money cards use consecutive 13F disclosure snapshots, not trade-by-trade execution data. "Buying", "selling", "new holders", and "trimmed" refer to quarter-over-quarter changes in reported holders, aggregate shares, or disclosed position values between filings. They are useful for ownership regime analysis and crowding, but they do not imply exact trade timing on the filing date.

Institutional Sentiment Summary — Z

In 2026 Q2, 206 hedge funds were net buyers of Z (67 opened a new position, 139 added to an existing one), while 316 reduced or exited (176 trimmed, 140 sold completely) — a 39% buyer ratio, indicating net institutional distribution. Net selling has persisted for two consecutive quarters. 36% of total institutional value in Z is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -73 funds (more exits than new entries). Total institutional holders: 416.

Hedge Fund Ownership: Z

How many hedge funds hold Z — quarterly history vs. share price
Quarterly hedge fund ownership of Z vs. share price

Market Analysis: Z

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: Z

-- --

Institutional ownership data sourced from SEC EDGAR Form 13F-HR filings.

Is It Too Late to Buy Zillow Group Inc (Z) Based on Hedge Fund 13F Filings?

Signal Freshness measures how much Z has moved relative to its sector benchmark (XLC) since the 2026 Q3 13F filing. A stock that has barely outrun its sector is still a relatively fresh entry point — the fund's thesis has not yet been priced in by the broader market.

Since Quarter End September 30, 2026 · 46d ago
Z
+9.8%
XLC
-2.1%

Z outperformed XLC by +11.9% since September 30, 2026.

Since 13F Filing Date November 14, 2026 · 1d ago
Z
+0.0%
XLC
+0.0%

Since the filing became public, Z outperformed XLC by +0.0% .

Interpretation: The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference. Learn more →

Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

16 top-rated funds 2 high-conviction
Consensus
5.3
/ 10
breadth
×
Elite
3.3
/ 10
conviction
Hedge Fund Positioning: Z
2026 Q3 Stats Unlock in 4 days 408 + Investors

Track Smart Money conviction in Z. See who's accumulating, reducing, or initiating positions.

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 408 489 -16.56%
13F Shares 179M 183M -2.25%
Total Value $5.65B $7.56B -25.22%
New Positions 65 77 -12
Increased Positions 129 192 -63
Closed Positions 142 119 +23
Reduced Positions 164 164 -
Total Calls 21 21 -
Total Puts 18 21 -14.29%
PUT/CALL Ratio 0.86 1.0 Neutral

Statistics: Z

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
Trailing P/E --
Forward P/E --
PEG Ratio (5yr expected) --
Price/Sales (ttm) --
Price/Book (mrq) --
Enterprise Value/Revenue --
Enterprise Value/EBITDA --
Beta (5Y Monthly) --
Short Ratio (Days to Cover) --
Short % of Float --

Financial Highlights

Profitability
Profit Margin --
Return on Assets (ttm) --
Return on Equity (ttm) --
Income Statement & Cash Flow
Revenue (ttm) --
Net Income Avi to Common (ttm) --
Diluted EPS (ttm) --
Total Cash (mrq) --
Total Debt/Equity (mrq) --
Levered Free Cash Flow (ttm) --

Institutional Holders (2026 Q3)

408 + investors

Explore institutional interest and hedge fund ownership dynamics. Analyze portfolio weights, new positions, and conviction trends in Z. Verified SEC 13F-HR filings.

QUARTER:
2026 Q3 filings are still coming in. Only funds that have filed so far are shown — top holders may not have reported yet. Full 13F data typically settles by ~50 days after quarter-end.
Top 25 Z holders by conviction (% of portfolio weight) — 2026 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Technology Crossover Management VIII, Ltd. 22.38% 2,735,000 $74.2M
2 Technology Crossover Management IX, Ltd. 14.97% 3,047,614 $82.7M
3 Technology Crossover Management XI, Ltd. 11.52% 2,338,036 $63.4M
4 Paradice Investment Management LLC 5.64% 1,235,108 $33.5M
5 Hillman Co 3.63% 348,301 $9.4M
6 Avory & Company, LLC 3.00% 87,226 $2.4M
7 Independent Franchise Partners LLP 2.71% 16,116,845 $437.3M
8 Transmarket Holdings LP 1.39% 91,984 $2.5M
9 Ravenswood Partners LP 1.18% 154,021 $4.2M
10 Polymer Capital Management (HK) LTD 0.98% 380,416 $10.3M
11 Hurricane Capital Advisors LLC 0.51% 22,471 $1.3M
12 Carmel Capital Partners, LLC 0.50% 51,924 $1.4M
13 Qsemble Capital Management, LP 0.50% 105,534 $2.9M
14 NZS Capital, LLC 0.42% 589,052 $16.0M
15 Kennondale Capital Management LLC 0.36% 20,333 $552K
16 Garde Capital, Inc. 0.32% 209,382 $5.7M
17 Credit Industriel Et Commercial 0.30% 186,473 $5.1M
18 Hara Capital LLC 0.30% 23,198 $629K
19 NINE MASTS CAPITAL Ltd 0.27% 85,073 $2.3M
20 IFP Advisors, Inc 0.22% 469,184 $12.7M
21 Superior Planning, LLC 0.20% 17,692 $480K
22 WINTON GROUP Ltd 0.19% 184,731 $5.0M
23 ANTIPODES PARTNERS Ltd 0.17% 345,528 $9.4M
24 Manchester Capital Management LLC 0.16% 43,929 $1.2M
25 Axq Capital, LP 0.15% 43,375 $1.2M
Investor Ownership
History 		% of Portfolio Prev % Rank Conviction Avg Buy Price 13F Score™ 3Y / 7Y Sell Timing Shares Mkt Value Change Change % Source Quarter Filed

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Frequently Asked Questions — Zillow Group Inc (Z)

What does the Smart Money Trend signal show for Z?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their Z positions than added to them. Sustained institutional selling is a meaningful warning sign — these are professionals with deep research teams collectively deciding to exit.

What is the institutional breadth score for Z?

Heavy selling pressure — only 39% buying: Last quarter: 316 funds sold vs only 206 buyers. This is widespread institutional distribution — not a few funds rebalancing, but a broad exit. High conviction bearish signal.

What is the fund quality score for Z holders?

Strong quality — 36% AUM from major funds: 54 of 412 holders rank in the top 100 by AUM, accounting for 36% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.

How long have hedge funds held Z?

64% of holders stayed for 2+ years: 267 out of 416 hedge funds have held Z for over 2 years without selling. Long-term investors are generally harder to shake out during market stress, creating a stable ownership base that limits the risk of sudden capitulation.

Is it too late to buy Zillow Group Inc (Z) following the 2026 Q3 hedge fund 13F filings?

As of today, Z has moved +0.0% since the 2026 Q3 13F filing date (November 14, 2026), compared to +0.0% for the XLC sector ETF — an outperformance of +0.0%. Since the quarter end (September 30, 2026), Z has gained +9.8% vs -2.1% for XLC. The stock is tracking its sector benchmark closely. The signal remains fresh and the entry point is still near the fund's implied reference.

Where does this institutional ownership data come from?

All holdings data is sourced from SEC Form 13F filings, which institutional investment managers with over $100 million in assets are required to submit quarterly. Data is parsed directly from SEC EDGAR.

Disclaimer: The information on this page is for informational purposes only and does not constitute investment advice, a recommendation, or an offer to buy or sell any security. Institutional holdings data is sourced from SEC Form 13F filings and reflects positions as of the filing date. Past performance of any fund or portfolio is not indicative of future results. 13Foresight is not a registered investment adviser. Always conduct your own due diligence before making investment decisions.

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