SCHEDULE: FMR LLC Reports 4.8% Stake in Zillow Group Class C Stock
Beneficial Ownership Report
FMR LLC and Abigail P. Johnson have reported a beneficial ownership of 4.8% of Zillow Group Inc.'s Class C Capital Stock as of December 31, 2025.
Summary
- FMR LLC and Abigail P. Johnson jointly reported beneficial ownership of Zillow Group Inc. Class C Capital Stock.
- The aggregate amount beneficially owned is 8,962,396.03 shares.
- This represents 4.8% of the total outstanding Class C Capital Stock.
- FMR LLC holds sole voting power over 8,826,153.04 shares and sole dispositive power over 8,962,396.03 shares.
- Abigail P. Johnson holds sole dispositive power over 8,962,396.03 shares.
- The securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing control of the issuer.
Sentiment
Score: 5
Explanation: StockSavvy.ai views this as a neutral filing, as it is a routine disclosure of beneficial ownership by a large institutional investor and does not contain new information regarding Zillow Group's operational or financial performance.
Positives
- A major institutional investor, FMR LLC, maintains a significant stake in Zillow Group Inc., indicating continued investment interest.
Negatives
- No specific negative information regarding Zillow Group Inc. is disclosed in this beneficial ownership report.
Risks
- No specific risks related to Zillow Group Inc. are detailed in this beneficial ownership report.
Future Outlook
NA
Industry Context
StockSavvy.ai notes that institutional ownership by major asset managers like FMR LLC is common for publicly traded companies like Zillow Group, a prominent player in the online real estate market. This filing reflects a routine disclosure of a passive investment stake.
Comparison to Industry Standards
- FMR LLC is a significant institutional investor, and its holdings are often compared to other large asset managers like Vanguard, BlackRock, or State Street, which also frequently report passive stakes in major public companies.
- A 4.8% stake is below the 5% threshold that often triggers more detailed Schedule 13D filings, which typically indicate an intent to influence management or control. This suggests a passive investment approach, consistent with many institutional holdings.
Stakeholder Impact
- Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming continued investment by FMR LLC.
Key Dates
| Date | Description |
|---|---|
| 01/03/2023 | Effective date of Power of Attorney for FMR LLC. |
| 01/26/2023 | Effective date of Power of Attorney for Abigail P. Johnson. |
| 12/31/2025 | Date of event which requires filing of this statement. |
| 02/04/2026 | Date of filing and agreement for joint filing. |
Keywords
Zillow Group, ZG, FMR LLC, Abigail P. Johnson, Class C Capital Stock, Schedule 13G, beneficial ownership, institutional investor, real estate technology
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