Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Zillow Group Inc (Z)

483 + 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
↓ -43
Streak
1Q ▼
Buyers last Q
49%

Smart Money Signals — Z

Based on 488 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 1 quarter in a row

last 6Q
For 1 consecutive quarter, 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 — 92% of 3.0Y peak

92% of all-time peak
488 funds currently hold this stock — 92% 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.
〰️

Stable — ownership unchanged year-over-year

fund count last 6Q
The number of hedge funds holding Z is almost the same as a year ago (-8 funds, -2% change). No significant rush to buy or sell — institutional backing is holding steady.
🟠

More sellers than buyers — 49% buying

279 buying290 selling
Last quarter: 290 funds reduced or exited vs 279 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.
⚠️

Fewer new buyers each quarter (-16 vs last Q)

new funds entering per quarter
Funds opening this position for the first time: 58 → 109 → 93 → 77. 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.
🔒

61% of holders stayed for 2+ years

■ 61% conviction (2yr+) ■ 20% medium ■ 19% new
296 out of 488 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 -7%, value -44%

Value
-43%
Shares
-7%
Last quarter: funds added -7% more shares while total portfolio value only changed -44%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~77 new funds/quarter

88 → 58 → 109 → 93 → 77 new funds/Q
New funds entering each quarter: 58 → 109 → 93 → 77. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 70% veterans vs 21% newcomers

■ 70% veterans ■ 9% 1-2yr ■ 21% new
Entry-cohort mix of 527 holders: 368 (70%) are 2+ year veterans, 50 entered 1–2 years ago, and 109 (21%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 34% AUM from major funds

34% from top-100 AUM funds
60 of 484 holders rank in the top 100 by AUM, accounting for 34% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.2
out of 10
Low Exit Risk
Exit risk score 3.2/10 — 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 Q1, 279 hedge funds were net buyers of Z (77 opened a new position, 202 added to an existing one), while 290 reduced or exited (170 trimmed, 120 sold completely) — a 49% buyer ratio, indicating roughly balanced activity. 34% of total institutional value in Z is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -43 funds (more exits than new entries). Total institutional holders: 488.

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 Q2 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 June 30, 2026 · 46d ago
Z
+10.3%
XLC
+5.4%

Z outperformed XLC by +4.9% since June 30, 2026.

Since 13F Filing Date August 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.

25 top-rated funds 3 high-conviction
Consensus
6.1
/ 10
breadth
×
Elite
4.3
/ 10
conviction
Hedge Fund Positioning: Z
2026 Q2 Stats Unlock in 4 days 483 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 483 531 -9.04%
13F Shares 182M 197M -7.25%
Total Value $7.54B $13.44B -43.88%
New Positions 77 93 -16
Increased Positions 192 178 +14
Closed Positions 121 90 +31
Reduced Positions 162 179 -17
Total Calls 21 24 -12.5%
Total Puts 21 28 -25.0%
PUT/CALL Ratio 1.0 1.17 Neutral

Statistics: Z

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Valuation Measures Data as of: --

Market Cap --
Enterprise Value --
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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 Q2)

483 + 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 Q2 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 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Caledonia (Private) Investments Pty Ltd 25.93% 24,102,956 $759.7M
2 Technology Crossover Management VIII, Ltd. 24.92% 2,735,000 $86.2M
3 Technology Crossover Management IX, Ltd. 13.92% 3,047,614 $96.1M
4 Ancient Art, L.P. 13.91% 2,160,359 $68.1M
5 Technology Crossover Management XI, Ltd. 13.83% 2,338,036 $73.7M
6 Kahn Brothers Group Inc 4.00% 545,212 $22.6M
7 Hillman Co 3.88% 348,301 $11.0M
8 Avory & Company, LLC 3.59% 91,213 $2.9M
9 Independent Franchise Partners LLP 3.37% 16,300,754 $513.8M
10 Eminence Capital, LP 3.27% 3,445,538 $142.6M
11 Manchester Capital Management LLC 1.86% 454,643 $14.3M
12 Deltroit Asset Management (UK) LLP 1.70% 374,139 $11.8M
13 Park West Asset Management LLC 1.40% 651,580 $20.5M
14 Ivy Lane Capital Management, LLC 1.37% 30,000 $946K
15 Board of the Pension Protection Fund 1.30% 43,600 $1.4M
16 Ravenswood Partners LP 1.02% 100,896 $3.2M
17 Qsemble Capital Management, LP 0.88% 218,388 $6.9M
18 Par Capital Management Inc 0.64% 823,000 $25.9M
19 Carmel Capital Partners, LLC 0.62% 59,526 $1.9M
20 Valiant Capital Management, L.P. 0.60% 473,329 $14.9M
21 L1 Capital Pty Ltd 0.53% 499,342 $15.7M
22 Coronation Fund Managers Ltd. 0.53% 436,707 $13.8M
23 Oak Thistle LLC 0.51% 167,709 $5.3M
24 One Fin Capital Management LP 0.51% 50,000 $1.6M
25 Kennondale Capital Management LLC 0.43% 20,333 $641K
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

Frequently Asked Questions — Zillow Group Inc (Z)

What does the Smart Money Trend signal show for Z?

Selling streak — 1 quarter in a row: For 1 consecutive quarter, 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?

More sellers than buyers — 49% buying: Last quarter: 290 funds reduced or exited vs 279 that bought or added. When more than half of active funds are selling, it's a caution flag — especially if the stock price hasn't moved down yet.

What is the fund quality score for Z holders?

Strong quality — 34% AUM from major funds: 60 of 484 holders rank in the top 100 by AUM, accounting for 34% 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?

61% of holders stayed for 2+ years: 296 out of 488 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 Q2 hedge fund 13F filings?

As of today, Z has moved +0.0% since the 2026 Q2 13F filing date (August 14, 2026), compared to +0.0% for the XLC sector ETF — an outperformance of +0.0%. Since the quarter end (June 30, 2026), Z has gained +10.3% vs +5.4% 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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