Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Zillow Group Inc (ZG)

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

Current Price
-- USD
Analyst Target
-- (0 analysts)
Upside
0.00%
Net Flow Q/Q
↓ -27
Streak
2Q ▼
Buyers last Q
50%

Smart Money Signals — ZG

Based on 265 hedge funds · latest filing: 2026 Q1 · updated quarterly

📉

Selling streak — 2 quarters in a row

last 6Q
For 2 consecutive quarters, more hedge funds reduced or closed their ZG 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 — 88% of 3.0Y peak

88% of all-time peak
265 funds currently hold this stock — 88% of the 3.0-year high of 301 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 5% fewer funds vs a year ago

fund count last 6Q
15 fewer hedge funds hold ZG compared to a year ago (-5% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟡

Slight buying edge — 50% buying

149 buying149 selling
Last quarter: 149 funds bought or added vs 149 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.
➡️

Steady new buyers — ~49 new funds per quarter

new funds entering per quarter
Funds opening this position for the first time: 38 → 63 → 54 → 49. A stable flow of new institutional buyers suggests ongoing interest without signs of either acceleration or slowdown.
🔒

58% of holders stayed for 2+ years

■ 58% conviction (2yr+) ■ 20% medium ■ 23% new
153 out of 265 hedge funds have held ZG 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 -8%, value -44%

Value
-43%
Shares
-7%
Last quarter: funds added -8% 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 — ~49 new funds/quarter

44 → 38 → 63 → 54 → 49 new funds/Q
New funds entering each quarter: 38 → 63 → 54 → 49. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 65% veterans vs 24% newcomers

■ 65% veterans ■ 11% 1-2yr ■ 24% new
Entry-cohort mix of 274 holders: 177 (65%) are 2+ year veterans, 30 entered 1–2 years ago, and 67 (24%) joined within the past year. A veteran-weighted cap table skews toward institutional memory over fresh momentum.
✅

Strong quality — 27% AUM from major funds

27% from top-100 AUM funds
45 of 264 holders rank in the top 100 by AUM, accounting for 27% of total institutional value held. A meaningful share of the ownership value comes from the most well-resourced institutions.
3.0
out of 10
Low Exit Risk
Exit risk score 3.0/10 — 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 — ZG

In 2026 Q1, 149 hedge funds were net buyers of ZG (49 opened a new position, 100 added to an existing one), while 149 reduced or exited (73 trimmed, 76 sold completely) — a 50% buyer ratio, indicating a slight buying edge. Net selling has persisted for two consecutive quarters. 27% of total institutional value in ZG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -27 funds (more exits than new entries). Total institutional holders: 265.

Hedge Fund Ownership: ZG

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

Market Analysis: ZG

Analyst Price Targets

Avg. Price Target
--

Analyst Recommendations

Stock Performance

Real-time

Company Profile: ZG

-- --

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

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

Signal Freshness measures how much ZG has moved relative to its sector benchmark (XLC) since the 2026 Q1 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 March 31, 2026 · 82d ago
ZG
-21.5%
XLC
-1.3%

ZG outperformed XLC by -20.2% since March 31, 2026.

Since 13F Filing Date May 15, 2026 · 37d ago
ZG
-14.6%
XLC
-5.7%

Since the filing became public, ZG outperformed XLC by -8.9% .

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.

23 top-rated funds 2 high-conviction
Consensus
6.0
/ 10
breadth
×
Elite
1.9
/ 10
conviction
Hedge Fund Positioning: ZG
263 + Investors

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

Metric All 13F Filers (2026 Q1) Prior (2025 Q4) Change
Funds Holding 263 292 -9.93%
13F Shares 42M 46M -7.66%
Total Value $1.76B $3.13B -43.54%
New Positions 48 54 -6
Increased Positions 97 94 +3
Closed Positions 77 59 +18
Reduced Positions 71 90 -19
Total Calls 5 7 -28.57%
Total Puts 5 3 66.67%
PUT/CALL Ratio 1.0 0.43 Neutral

Statistics: ZG

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Valuation Measures Data as of: --

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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) --
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Institutional Holders (2026 Q1)

263 + investors

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

QUARTER:
Top 25 ZG holders by conviction (% of portfolio weight) — 2026 Q1 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Caledonia (Private) Investments Pty Ltd 13.69% 11,370,543 $470.6M
2 Oakum Bay Capital LLC 8.35% 376,532 $15.6M
3 Technology Crossover Management VIII, Ltd. 5.33% 384,337 $15.9M
4 Selkirk Management LLC 5.15% 365,800 $15.1M
5 Maplelane Capital, LLC 1.36% 367,778 $38.1M
6 Independent Franchise Partners LLP 0.79% 2,738,482 $113.3M
7 Unified Investment Management 0.70% 16,625 $688K
8 Harvard Management Co Inc 0.65% 284,800 $11.8M
9 Nia Impact Advisors, LLC 0.57% 31,243 $1.3M
10 Technology Crossover Management IX, Ltd. 0.55% 100,000 $4.1M
11 Garde Capital, Inc. 0.24% 98,207 $4.1M
12 Garner Asset Management Corp 0.21% 12,740 $527K
13 Hartline Investment Corp/ 0.20% 44,946 $1.9M
14 Empire Financial Management Company, LLC 0.19% 20,400 $844K
15 Tiger Global Management LLC 0.19% 1,023,733 $42.4M
16 Maplelane Capital, LLC 0.17% 114,600 $4.7M
17 Cambiar Investors LLC 0.16% 81,303 $3.4M
18 Credit Industriel Et Commercial 0.15% 47,873 $2.0M
19 EFG International AG 0.14% 155,502 $6.4M
20 Sound View Wealth Advisors Group, LLC 0.11% 39,293 $1.6M
21 Cim Investment Management Inc 0.10% 9,132 $378K
22 Manchester Capital Management LLC 0.09% 15,919 $659K
23 Hohimer Wealth Management, LLC 0.07% 15,201 $629K
24 Silvant Capital Management LLC 0.07% 49,000 $2.0M
25 Dark Forest Capital Management LP 0.06% 16,522 $684K
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 (ZG)

What does the Smart Money Trend signal show for ZG?

Selling streak — 2 quarters in a row: For 2 consecutive quarters, more hedge funds reduced or closed their ZG 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 ZG?

Slight buying edge — 50% buying: Last quarter: 149 funds bought or added vs 149 that reduced or exited. It's nearly a 50/50 split — some institutions are convinced, others are taking profits. This mixed picture is normal near price highs.

What is the fund quality score for ZG holders?

Strong quality — 27% AUM from major funds: 45 of 264 holders rank in the top 100 by AUM, accounting for 27% 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 ZG?

58% of holders stayed for 2+ years: 153 out of 265 hedge funds have held ZG 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 (ZG) following the 2026 Q1 hedge fund 13F filings?

As of today, ZG has moved -14.6% since the 2026 Q1 13F filing date (May 15, 2026), compared to -5.7% for the XLC sector ETF — an outperformance of -8.9%. Since the quarter end (March 31, 2026), ZG has gained -21.5% vs -1.3% 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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