Zillow Group Shares Purchased by Investment Firm

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Connor Clark & Lunn Investment Management Ltd. boosted its position in shares of Zillow Group, Inc. (NASDAQ:Z) by 10.0% during the third quarter, according to a recent SEC filing. The institutional investor now owns approximately 338,000 shares of the financial services provider's stock, valued at around $26 million.

Why it matters

Zillow Group is a leading online real estate marketplace, operating popular consumer-facing platforms like Zillow and Trulia. The increase in ownership by a major investment firm signals continued confidence in the company's growth prospects and market position within the real estate tech industry.

The details

According to the filing, Connor Clark & Lunn Investment Management Ltd. purchased an additional 30,641 shares of Zillow Group during the third quarter, bringing its total stake to around 0.14% of the company's outstanding shares. The investment firm cited Zillow's strong performance and future potential as reasons for increasing its position in the stock.

• Connor Clark & Lunn Investment Management Ltd. boosted its Zillow Group stake during the third quarter of 2026.