SCHEDULE 13G/A: Caledonia Discloses 23.38% Stake in Zillow Group

Sentiment:

Beneficial Ownership Report


Caledonia (Private) Investments Pty Limited and Caledonia US, LP report a combined beneficial ownership of 23.38% of Zillow Group's Class A Common Stock.

Summary

  • Caledonia (Private) Investments Pty Limited and Caledonia US, LP collectively beneficially own 11,603,278 shares of Zillow Group, Inc.'s Class A Common Stock.
  • This ownership represents 23.38% of the total Class A Common Stock outstanding.
  • The reporting persons, both investment advisers, share both voting and dispositive power over all 11,603,278 shares.
  • The securities were acquired and are held in the ordinary course of business, not for the purpose of changing or influencing control of Zillow Group, Inc., except for activities solely in connection with a nomination under Rule 14a-11.

Sentiment

Score: 5

Explanation: This is a factual disclosure of beneficial ownership, providing no inherent positive or negative sentiment regarding the company's operational performance or financial health.

Positives

  • Significant institutional ownership by Caledonia (Private) Investments Pty Limited and Caledonia US, LP, holding 23.38% of Class A Common Stock, potentially signaling strong investor confidence in Zillow Group.

Negatives

  • NA

Risks

  • NA

Future Outlook

NA

Management Comments

  • Matthew Moses, General Counsel for Caledonia (Private) Investments Pty Limited and Caledonia US, LP, certified that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of Zillow Group, Inc., other than activities solely in connection with a nomination under Rule 14a-11.

Industry Context

NA

Stakeholder Impact

  • Shareholders: The disclosure of a significant institutional stake (23.38%) by Caledonia may influence investor perception and potentially the stock's trading dynamics, signaling strong conviction from a major investor.

Next Steps

  • NA

Key Dates

DateDescription
09/30/2025Date of event requiring the filing of this statement, reflecting the beneficial ownership position.
11/14/2025Date the Schedule 13G Amendment No. 8 was signed by Matthew Moses, General Counsel for both reporting persons.

Keywords

Zillow Group, Zillow, Caledonia, Beneficial Ownership, Institutional Investor, Class A Common Stock, Real Estate Technology, Investment Adviser, SEC Filing, Schedule 13G

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