Independent Franchise Partners holds 8.67% of Zillow Group

Independent Franchise Partners, LLP filed an amended Schedule 13G reporting beneficial ownership of 3,672,937 shares of Zillow Group, Inc. Class A common stock.

Rhea-AI Filing Summary

Independent Franchise Partners, LLP filed an amended Schedule 13G reporting beneficial ownership of 3,672,937 shares of Zillow Group, Inc. Class A common stock. This represents 8.67% of that class as of June 30, 2026.

The filer reports sole voting power over 3,472,140 shares and shared voting power over 114,854 shares. It holds sole dispositive power over all 3,672,937 shares and no shared dispositive power, indicating primary control over decisions to sell or otherwise dispose of these shares.

Key Figures

Beneficial ownership: 3,672,937 shares Percent of class: 8.67% Sole voting power: 3,472,140 shares +3 more

6 metrics

Beneficial ownership 3,672,937 shares Class A common stock beneficially owned by Independent Franchise Partners, LLP

Percent of class 8.67% Percentage of Zillow Group Class A common stock owned

Sole voting power 3,472,140 shares Shares for which Independent Franchise Partners has sole voting power

Shared voting power 114,854 shares Shares for which Independent Franchise Partners has shared voting power

Sole dispositive power 3,672,937 shares Shares for which Independent Franchise Partners has sole dispositive power

Shared dispositive power 0 shares Shares for which Independent Franchise Partners has shared dispositive power

Key Terms

Schedule 13G, beneficially owned, sole voting power, shared voting power, +1 more

5 terms

Schedule 13G regulatory

"Independent Franchise Partners, LLP filed an amended Schedule 13G reporting beneficial ownership"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

beneficially owned financial

"Amount beneficially owned: 3,672,937.00"

Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.

sole voting power financial

"Sole power to vote or to direct the vote: 3,472,140.00"

Sole voting power is the exclusive right to cast votes attached to a shareholder’s stock without needing approval from anyone else. Like holding the only remote control for a TV, it lets that holder decide corporate matters such as board members, mergers, and policy changes, making it important to investors because it concentrates control and can strongly influence a company’s strategy and the value of its shares.

shared voting power financial

"Shared power to vote or to direct the vote: 114,854.00"

Shared voting power occurs when two or more parties jointly have the right to vote or decide how a block of company shares is cast, like co-owners who must agree before moving a piece of furniture. Investors care because who controls voting rights affects board elections, major corporate decisions and takeover outcomes, and shared control can alter regulatory disclosures and the practical influence any holder has over a company’s direction and value.

dispositive power financial

"Sole power to dispose or to direct the disposition of: 3,672,937.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What percentage of Zillow Group (Z) Class A shares does Independent Franchise Partners own?

Independent Franchise Partners, LLP reports beneficial ownership of 8.67% of Zillow Group, Inc. Class A common stock. This stake reflects 3,672,937 shares as of June 30, 2026, according to the amended Schedule 13G filing.

How many Zillow Group (Z) Class A shares does Independent Franchise Partners control?

Independent Franchise Partners, LLP reports beneficial ownership of 3,672,937 Zillow Group Class A shares. It has sole voting power over 3,472,140 shares and shared voting power over 114,854 shares, with sole dispositive power over all 3,672,937 shares.

What type of filing did Independent Franchise Partners make regarding Zillow Group (Z)?

Independent Franchise Partners, LLP filed an Amendment No. 1 to Schedule 13G for Zillow Group, Inc. This filing reports its beneficial ownership position in the company’s Class A common stock and breaks down its voting and dispositive powers.

Does Independent Franchise Partners share dispositive power over Zillow Group (Z) shares?

Independent Franchise Partners, LLP reports sole dispositive power over 3,672,937 shares of Zillow Group Class A stock and no shared dispositive power. This indicates it alone controls decisions to sell or otherwise dispose of these reported shares.

Who signed the Zillow Group (Z) Schedule 13G/A for Independent Franchise Partners?

The Schedule 13G/A for Zillow Group, Inc. was signed by Sandeep Ghela, Chief Operating Officer of Independent Franchise Partners, LLP, on August 13, 2026, certifying the reported ownership information and powers over the shares.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Available on EDGAR 08/13/2026 - 09:28 AM Accepted by SEC EDGAR 08/13/2026 - 09:28 AM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

ZILLOW GROUP, INC.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

98954M101

(CUSIP Number)

06/30/2026

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 98954M101

1

Names of Reporting Persons

Independent Franchise Partners, LLP

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED KINGDOM

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 3,472,140.00
6	Shared Voting Power 114,854.00
7	Sole Dispositive Power 3,672,937.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

3,672,937.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

8.67 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: ZILLOW GROUP, INC.
(b)	Address of issuer's principal executive offices: 1301 Second Avenue, Floor 36, Seattle, Washington 98101
Item 2.
(a)	Name of person filing: Independent Franchise Partners, LLP
(b)	Address or principal business office or, if none, residence: Level 1, 10 Portman Square, London W1H 6AZ, United Kingdom
(c)	Citizenship: United Kingdom
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: 98954M101
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 3,672,937.00
(b)	Percent of class: 8.67%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 3,472,140.00
	(ii) Shared power to vote or to direct the vote: 114,854.00
	(iii) Sole power to dispose or to direct the disposition of: 3,672,937.00
	(iv) Shared power to dispose or to direct the disposition of: 0
Item 5.	Ownership of 5 Percent or Less of a Class.
	Not Applicable
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Independent Franchise Partners, LLP

Signature:	Sandeep Ghela
Name/Title:	Sandeep Ghela | Chief Operating Officer
Date:	08/13/2026