Latest Period
Q4 2025
Security Snapshot
ZILLOW GROUP, INC. - Class C Capital Stock (Z) Institutional Ownership
CUSIP: 98954M200
13F Institutional Holders and Ownership History from Q1 2015 to Q1 2026
Institutions Reporting
521
Shares (Excl. Options)
181,735,685
Price
$68.22
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- Type / Class
- Equity / Class C Capital Stock
- Symbol
- Z on Nasdaq
- Shares outstanding
- 186,716,584
- Price per share
- $40.79
- All holders as of 31 Dec 2025
- Q4 2025
- Total 13F shares
- 181,735,685
- Total reported value
- $12,391,713,505
- % of total 13F portfolios
- 0.03%
- Share change
- -1,839,418
- Value change
- -$174,764,234
- Number of holders
- 521
- Price from insider filings
- $40.79
Reported Shares, Excluding Options vs Price
Reported Value, Excluding Options
Total Investors
Quick Takeaways
- Z - ZILLOW GROUP, INC. - Class C Capital Stock is tracked under CUSIP 98954M200.
- 521 institutions reported positions in Q4 2025.
- 4 significant owners is listed from Schedule 13D/13G reporting.
What Changed
- Holder count moved from 521 to 215 between Q4 2025 and Q1 2026.
- Reported value moved from $12,391,713,505 to $2,063,071,851.
Why This Matters
- You can quickly see who holds this security, then open quarter and manager detail pages for full evidence.
- 13F and Schedule 13D/13G sections are kept together so you can cross-check institutional and beneficial ownership context.
Source Evidence
Source: SEC Form 13F
Open SEC Evidence
Latest holder context comes from 521 institutions filings for Q4 2025.
Investment Quick Answers
What is CUSIP 98954M200?
CUSIP 98954M200 identifies Z - ZILLOW GROUP, INC. - Class C Capital Stock in SEC 13F datasets.
Where can I see the latest institutional holders?
Review the Q4 2025 holders report and the ownership history table below.
Next ownership checks
Use the next link that matches the question you still need to answer about this security.
- Latest 13F filings when you want to inspect fresh institutional portfolio moves.
- Latest Schedule 13D/13G reports when you need large-owner changes outside the 13F cycle.
- All institutional ownership pages to compare this security with other holder-history pages.
Recent Quarterly Holder Reports
Open recent reporting periods for CUSIP 98954M200:
Significant Owners of ZILLOW GROUP, INC. - Class C Capital Stock (Z) based on Schedule 13D/G filings
| Filer | Ownership | Change % | Holdings Value | Net Change | Nb Shares | Change % | Reporting Name | Report Period |
|---|---|---|---|---|---|---|---|---|
| Caledonia (Private) Investments Pty Ltd | 23% | +37% | $894,032,570 | -$1,496,131,782 | 11,603,278 | -63% | Caledonia (Private) Investments Pty Limited | 30 Sep 2025 |
| Independent Franchise Partners LLP | 5.8% | $836,673,314 | 10,858,836 | Independent Franchise Partners, LLP | 30 Sep 2025 | |||
| BlackRock, Inc. | 5.1% | $723,586,412 | 9,391,128 | BlackRock, Inc. | 30 Sep 2025 | |||
| FMR LLC | 4.8% | -33% | $611,414,657 | -$271,278,263 | 8,962,396 | -31% | FMR LLC | 31 Dec 2025 |
As of 31 Dec 2025, 521 institutional investors reported holding 181,735,685 shares of ZILLOW GROUP, INC. - Class C Capital Stock (Z). This represents 97% of the company’s total 186,716,584 outstanding shares.
Top 25 Institutional Shareholders
The largest institutional shareholders of ZILLOW GROUP, INC. - Class C Capital Stock (Z) together control 77% of the company’s outstanding shares — a level of ownership often associated with strong institutional conviction and long‑term capital commitment.
| Institution | Ownership % | Shares Held | Share Change % | Portfolio % | Holdings Value |
|---|---|---|---|---|---|
| Caledonia (Private) Investments Pty Ltd | 14% | 26,084,393 | -1.8% | 34% | $1,779,477,290 |
| VANGUARD GROUP INC | 12% | 22,597,382 | -2.1% | 0.02% | $1,541,593,400 |
| Independent Franchise Partners LLP | 5.9% | 10,953,405 | +0.87% | 4.8% | $747,241,289 |
| Capital World Investors | 5.8% | 10,826,066 | +1.8% | 0.1% | $738,554,223 |
| BlackRock, Inc. | 5.3% | 9,979,194 | +2.7% | 0.01% | $680,780,631 |
| FMR LLC | 4.8% | 8,972,996 | -30% | 0.03% | $612,137,789 |
| TIGER GLOBAL MANAGEMENT LLC | 3.2% | 6,056,957 | +20% | 1.4% | $413,205,607 |
| Ninety One UK Ltd | 2.5% | 4,750,009 | -1.6% | 0.69% | $324,045,614 |
| STATE STREET CORP | 2.1% | 3,838,788 | +3.9% | 0.01% | $261,882,117 |
| GEODE CAPITAL MANAGEMENT, LLC | 1.8% | 3,363,657 | +1.7% | 0.01% | $228,897,792 |
| Contour Asset Management LLC | 1.7% | 3,260,474 | +30% | 5.2% | $222,429,536 |
| MORGAN STANLEY | 1.7% | 3,197,447 | +44% | 0.01% | $218,129,950 |
| Technology Crossover Management IX, Ltd. | 1.6% | 3,047,614 | 0% | 18% | $207,908,227 |
| Dorsal Capital Management, LP | 1.6% | 2,925,000 | +9.1% | 7% | $199,543,500 |
| Technology Crossover Management VIII, Ltd. | 1.5% | 2,735,000 | 0% | 45% | $186,581,700 |
| Greencape Capital Pty Ltd | 1.5% | 2,722,911 | +30% | 100% | $185,756,988 |
| Technology Crossover Management XI, Ltd. | 1.3% | 2,338,036 | 0% | 22% | $159,500,816 |
| Altimeter Capital Management, LP | 1.2% | 2,187,421 | 0% | 2.2% | $149,225,860 |
| EMINENCE CAPITAL, LP | 1.1% | 2,093,890 | -16% | 2.3% | $142,845,176 |
| SCGE MANAGEMENT, L.P. | 1.1% | 1,998,000 | +15% | 3.1% | $136,303,560 |
| WELLINGTON MANAGEMENT GROUP LLP | 0.99% | 1,855,502 | -5.6% | 0.02% | $126,582,346 |
| JPMORGAN CHASE & CO | 0.97% | 1,820,328 | +41% | 0.01% | $124,182,824 |
| SOMA EQUITY PARTNERS LP | 0.96% | 1,788,044 | +22% | 7.1% | $121,980,362 |
| BANK OF AMERICA CORP /DE/ | 0.95% | 1,769,925 | +159% | 0.01% | $120,744,284 |
| L1 Capital Pty Ltd | 0.93% | 1,729,313 | +24804% | 6.2% | $117,973,733 |
Institutional Holders of ZILLOW GROUP, INC. - Class C Capital Stock (Z) across Reporting Periods
| Period | Reported Shares, Excl. Options | Value, Excl. Options | Value Change | Price (Median) | Investors |
|---|---|---|---|---|---|
| 2026 Q1 | 49,859,393 | $2,063,071,851 | -$72,889,951 | $41.38 | 215 |
| 2025 Q4 | 181,735,685 | $12,391,713,505 | -$174,764,234 | $68.22 | 521 |
| 2025 Q3 | 183,386,024 | $14,128,983,647 | +$536,781,016 | $77.05 | 522 |
| 2025 Q2 | 176,501,144 | $12,364,826,974 | +$210,613,610 | $70.05 | 476 |
| 2025 Q1 | 173,491,387 | $11,892,710,672 | +$328,272,069 | $68.56 | 493 |
| 2024 Q4 | 169,232,558 | $12,530,954,670 | +$229,580,338 | $74.05 | 490 |
| 2024 Q3 | 166,044,037 | $10,601,487,812 | -$88,766,405 | $63.85 | 446 |
| 2024 Q2 | 168,525,843 | $7,818,913,514 | -$11,055,227 | $46.39 | 418 |
| 2024 Q1 | 169,771,842 | $8,276,945,145 | +$169,520,562 | $48.78 | 424 |
| 2023 Q4 | 168,339,588 | $9,738,247,846 | -$307,729,608 | $57.86 | 433 |
| 2023 Q3 | 170,930,829 | $7,892,198,493 | +$189,117,768 | $46.16 | 398 |
| 2023 Q2 | 166,225,018 | $8,349,524,179 | +$39,172,471 | $50.26 | 414 |
| 2023 Q1 | 166,069,027 | $7,383,316,271 | -$183,027,148 | $44.47 | 392 |
| 2022 Q4 | 173,770,980 | $5,597,736,851 | +$76,630,046 | $32.21 | 376 |
| 2022 Q3 | 163,699,748 | $4,683,491,210 | -$334,904,905 | $28.61 | 355 |
| 2022 Q2 | 175,143,394 | $5,561,185,888 | -$151,467,495 | $31.75 | 361 |
| 2022 Q1 | 178,258,502 | $8,788,927,484 | -$685,974,592 | $49.29 | 428 |
| 2021 Q4 | 190,823,569 | $12,180,791,632 | -$1,370,874,349 | $63.85 | 445 |
| 2021 Q3 | 203,618,188 | $17,941,710,990 | +$383,560,072 | $88.14 | 486 |
| 2021 Q2 | 198,193,930 | $24,206,823,328 | +$294,824,565 | $122.22 | 519 |
| 2021 Q1 | 195,697,008 | $25,366,246,001 | +$974,883,503 | $129.64 | 521 |
| 2020 Q4 | 187,825,195 | $24,377,440,800 | +$558,045,476 | $129.80 | 482 |
| 2020 Q3 | 183,955,176 | $18,686,981,493 | +$1,172,523,221 | $101.59 | 404 |
| 2020 Q2 | 173,823,283 | $10,011,176,073 | +$536,180,446 | $57.61 | 322 |
| 2020 Q1 | 165,747,988 | $5,969,190,661 | +$73,266,514 | $36.02 | 257 |
| 2019 Q4 | 162,109,545 | $7,446,487,114 | +$874,460,660 | $45.94 | 265 |
| 2019 Q3 | 144,655,130 | $4,313,989,360 | -$86,470,396 | $29.82 | 249 |
| 2019 Q2 | 144,345,912 | $6,692,100,215 | +$25,109,738 | $46.39 | 282 |
| 2019 Q1 | 143,818,403 | $4,980,541,334 | +$289,763,897 | $34.74 | 265 |
| 2018 Q4 | 137,426,028 | $4,339,146,148 | +$323,364,425 | $31.58 | 240 |
| 2018 Q3 | 126,157,946 | $5,581,343,597 | +$32,551,858 | $44.25 | 239 |
| 2018 Q2 | 122,293,908 | $7,221,452,510 | +$659,274,854 | $59.06 | 262 |
| 2018 Q1 | 111,277,085 | $5,985,948,387 | +$3,425,990 | $53.80 | 236 |
| 2017 Q4 | 111,388,145 | $4,557,567,243 | +$31,837,290 | $40.92 | 198 |
| 2017 Q3 | 110,118,313 | $4,427,812,525 | +$38,002,197 | $40.21 | 200 |
| 2017 Q2 | 108,255,573 | $5,300,699,505 | -$59,444,772 | $49.01 | 204 |
| 2017 Q1 | 110,775,173 | $3,730,375,384 | +$328,410,246 | $33.67 | 194 |
| 2016 Q4 | 105,491,888 | $3,847,146,120 | +$37,823,791 | $36.47 | 212 |
| 2016 Q3 | 104,513,818 | $3,620,303,641 | -$146,209,647 | $34.65 | 197 |
| 2016 Q2 | 108,492,141 | $3,935,972,170 | -$133,111,335 | $36.28 | 202 |
| 2016 Q1 | 113,757,241 | $2,699,180,426 | +$39,599,255 | $23.73 | 187 |
| 2015 Q4 | 112,407,530 | $2,640,186,556 | -$217,565,628 | $23.48 | 184 |
| 2015 Q3 | 121,004,852 | $3,267,127,040 | +$3,266,505,049 | $27.00 | 179 |
| 2015 Q2 | 4,041 | $351,000 | +$123,000 | $86.86 | 1 |
| 2015 Q1 | 2,276 | $228,000 | +$228,000 | $100.18 | 1 |