Independent Franchise Partners (Z) reports 9.03% stake in Zillow Class C stock

Rhea-AI Filing Summary

Independent Franchise Partners, LLP filed an updated beneficial ownership report for Zillow Group, Inc. Class C Capital Stock. The firm reported beneficial ownership of 16,300,754 Class C shares, representing 9.03% of this class. It reported sole voting power over 15,448,880 shares, shared voting power over 487,263 shares, and sole dispositive power over all 16,300,754 shares, with no shared dispositive power.

Key Figures

Beneficial ownership: 16,300,754 shares Percent of class: 9.03% Sole voting power: 15,448,880 shares +2 more

5 metrics

Beneficial ownership 16,300,754 shares Class C Capital Stock beneficially owned by Independent Franchise Partners, LLP

Percent of class 9.03% Percentage of Zillow Group Class C Capital Stock beneficially owned

Sole voting power 15,448,880 shares Shares over which Independent Franchise Partners, LLP has sole power to vote

Shared voting power 487,263 shares Shares over which Independent Franchise Partners, LLP has shared power to vote

Sole dispositive power 16,300,754 shares Shares over which Independent Franchise Partners, LLP has sole dispositive power

Key Terms

beneficially owned, Sole Voting Power, Shared Voting Power, Sole Dispositive Power, +2 more

6 terms

beneficially owned financial

"Item 4. | Ownership (a) | Amount beneficially owned: 16,300,754.00"

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

"5 | Sole Voting Power 15,448,880.00"

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

"6 | Shared Voting Power 487,263.00"

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.

Sole Dispositive Power financial

"7 | Sole Dispositive Power 16,300,754.00"

Sole dispositive power is the exclusive legal authority to decide what happens to a security — for example, whether to sell, transfer, or retain shares — without needing anyone else’s permission. Investors care because it signals who truly controls the economic outcome of an investment: like holding the only key to a safe, the holder can realize gains or losses and may trigger regulatory reporting, insider rules, or influence over corporate ownership.

Shared Dispositive Power financial

"8 | Shared Dispositive Power 0.00"

Class C Capital Stock financial

"Title of class of securities: Class C Capital Stock, par value $0.0001 per share"

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

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FAQ

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

Independent Franchise Partners, LLP reported beneficial ownership of 9.03% of Zillow Group’s Class C Capital Stock, totaling 16,300,754 shares, according to the amended Schedule 13G/A filing.

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

Independent Franchise Partners, LLP reported beneficial ownership of 16,300,754 Class C shares, with 15,448,880 under sole voting power and 487,263 under shared voting power, and sole dispositive power over all 16,300,754 shares.

What type of Zillow Group (Z) security is covered in this Schedule 13G/A?

The filing covers Zillow Group, Inc. Class C Capital Stock with a par value of $0.0001 per share, identified by CUSIP 98954M200, as reported by Independent Franchise Partners, LLP.

Who filed the Schedule 13G/A related to Zillow Group (Z) and where are they based?

The filer is Independent Franchise Partners, LLP, with its principal business office at Level 1, 10 Portman Square, London W1H 6AZ, United Kingdom, and citizenship listed as United Kingdom.

What voting and dispositive powers over Zillow Group (Z) shares were reported?

Independent Franchise Partners, LLP reported sole voting power over 15,448,880 shares, shared voting power over 487,263 shares, sole dispositive power over 16,300,754 shares, and no shared dispositive power.

When was the amended ownership report for Zillow Group (Z) signed?

The amended beneficial ownership report for Zillow Group, Inc. was signed by Sandeep Ghela, Chief Operating Officer of Independent Franchise Partners, LLP, on 08/13/2026.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 6)

ZILLOW GROUP, INC.

(Name of Issuer)

Class C Capital Stock, par value $0.0001 per share

(Title of Class of Securities)

98954M200

(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): 98954M200

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 15,448,880.00
6	Shared Voting Power 487,263.00
7	Sole Dispositive Power 16,300,754.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

16,300,754.00

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)

9.03 %

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, WA, 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 C Capital Stock, par value $0.0001 per share
(e)	CUSIP No.: 98954M200
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: 16,300,754.00
(b)	Percent of class: 9.03%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 15,448,880.00
	(ii) Shared power to vote or to direct the vote: 487,263.00
	(iii) Sole power to dispose or to direct the disposition of: 16,300,754.00
	(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