Stock Analysis
Data Source: SEC EDGAR 13F
Updated Hourly

Zillow Group Inc (ZG)

256 + 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
↓ -11
Streak
3Q ▼
Buyers last Q
41%

Smart Money Signals — ZG

Based on 256 hedge funds · latest filing: 2026 Q2 · updated quarterly

📉

Selling streak — 3 quarters in a row

last 6Q
For 3 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 — 85% of 3.0Y peak

85% of all-time peak
256 funds currently hold this stock — 85% of the 3.0-year high of 302 funds (reached 2024 Q4). Ownership is elevated but not yet at maximum concentration. Room to grow, but watch if the trend reverses.
📉

Outflows — 7% fewer funds vs a year ago

fund count last 6Q
18 fewer hedge funds hold ZG compared to a year ago (-7% decline). When institutions consistently reduce their exposure, it's worth exploring the underlying fundamental reasons driving them away.
🟠

More sellers than buyers — 41% buying

122 buying172 selling
Last quarter: 172 funds reduced or exited vs 122 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.
📈

More new buyers each quarter (+13 vs last Q)

new funds entering per quarter
Funds opening a new ZG position: 63 → 54 → 49 → 62. A growing influx of new institutional buyers means the asset is still gathering momentum — the consensus hasn't fully saturated yet.
🔒

57% of holders stayed for 2+ years

■ 57% conviction (2yr+) ■ 23% medium ■ 20% new
147 out of 256 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 -5%, value -32%

Value
-31%
Shares
-5%
Last quarter: funds added -5% more shares while total portfolio value only changed -32%. Institutions were buying while the price was falling — a high-conviction accumulation signal. They're deliberately loading up on the dip.
➡️

Steady discovery — ~62 new funds/quarter

39 → 63 → 54 → 49 → 62 new funds/Q
New funds entering each quarter: 63 → 54 → 49 → 62. Consistent flow of new institutional buyers without clear acceleration or slowdown.
🏛️

Veteran-anchored — 66% veterans vs 23% newcomers

■ 66% veterans ■ 12% 1-2yr ■ 23% new
Entry-cohort mix of 266 holders: 175 (66%) are 2+ year veterans, 31 entered 1–2 years ago, and 60 (23%) 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
49 of 256 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 — ZG

In 2026 Q2, 122 hedge funds were net buyers of ZG (62 opened a new position, 60 added to an existing one), while 172 reduced or exited (99 trimmed, 73 sold completely) — a 41% buyer ratio, indicating roughly balanced activity. This extends a 3-quarter selling streak, suggesting sustained institutional caution. 34% of total institutional value in ZG is held by top-100 AUM funds, reflecting strong institutional quality. Net fund flow last quarter: -11 funds (more exits than new entries). Total institutional holders: 256.

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

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

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Smart Money Signal ?
Limited Smart Money Interest

No strong consensus or elite conviction detected among institutional holders.

10 top-rated funds 1 high-conviction
Consensus
4.5
/ 10
breadth
×
Elite
1.7
/ 10
conviction
Hedge Fund Positioning: ZG
256 + Investors

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

Metric All 13F Filers (2026 Q2) Prior (2026 Q1) Change
Funds Holding 256 267 -4.12%
13F Shares 42M 45M -5.33%
Total Value $1.31B $1.92B -31.54%
New Positions 62 49 +13
Increased Positions 59 100 -41
Closed Positions 73 75 -2
Reduced Positions 96 71 +25
Total Calls 4 5 -20.0%
Total Puts 6 5 20.0%
PUT/CALL Ratio 1.5 1.0 Bearish

Statistics: ZG

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Institutional Holders (2026 Q2)

256 + 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 Q2 · Source: SEC Form 13F
# Investor % of Portfolio Shares Mkt Value
1 Caledonia (Private) Investments Pty Ltd 12.13% 11,328,301 $355.4M
2 Technology Crossover Management VIII, Ltd. 3.48% 384,337 $12.1M
3 Emmett Investment Management, LP 2.55% 111,400 $3.6M
4 Mfg Wealth Management, INC. 1.54% 68,424 $2.1M
5 Farringdon Capital, Ltd. 1.27% 81,689 $2.6M
6 Board of the Pension Protection Fund 1.23% 41,300 $1.3M
7 Independent Franchise Partners LLP 0.76% 3,672,937 $115.2M
8 Technology Crossover Management IX, Ltd. 0.45% 100,000 $3.1M
9 Unified Investment Management 0.44% 15,216 $477K
10 Abc Arbitrage SA 0.32% 95,075 $3.0M
11 Cambiar Investors LLC 0.29% 214,124 $6.7M
12 Longaeva Partners L.P. 0.24% 349,593 $11.0M
13 Axq Capital, LP 0.22% 64,220 $2.0M
14 XTX Topco Ltd 0.12% 301,369 $9.5M
15 Caxton Associates LLP 0.12% 199,310 $6.3M
16 Headlands Technologies LLC 0.11% 32,672 $1.0M
17 Garde Capital, Inc. 0.09% 62,553 $2.0M
18 Garner Asset Management Corp 0.08% 7,660 $240K
19 Sound View Wealth Advisors Group, LLC 0.08% 39,293 $1.2M
20 Trexquant Investment LP 0.07% 401,342 $12.6M
21 Y-Intercept (Hong Kong) Ltd 0.07% 107,181 $3.4M
22 Bridgefront Capital, LLC 0.06% 6,740 $211K
23 Dynamic Technology Lab Private Ltd 0.05% 6,810 $213K
24 Engineers Gate Manager LP 0.04% 95,959 $3.0M
25 FORA Capital, LLC 0.03% 15,772 $495K
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 — 3 quarters in a row: For 3 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?

More sellers than buyers — 41% buying: Last quarter: 172 funds reduced or exited vs 122 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 ZG holders?

Strong quality — 34% AUM from major funds: 49 of 256 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 ZG?

57% of holders stayed for 2+ years: 147 out of 256 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.

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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