ZD ranks #2347 out of 37501 tracked stocks by institutional interest — one of the most closely watched names in our coverage.
ZD is a top-conviction position for Varde Management, L.P. — at 47.8% of their entire disclosed 13F portfolio, it's one of their largest single bets, not just a passing allocation.
The largest dollar stake in ZD belongs to BlackRock, Inc., but the position matters far more to Varde Management, L.P., who has 47.8% of their own portfolio riding on it — a reminder that the biggest holder by size and the holder with the biggest bet aren't always the same fund.
Pale Fire Capital SE has added to its ZD position for two straight quarters, increasing it by $96.8M to reach $139.3M today.
Cliff Asness has trimmed its ZD position for two straight quarters, cutting it by $10.6M while still holding $3.5M.
ZD is up 0.2% today, and institutions have been net buyers of $200.7M this quarter — today's price move and the underlying institutional flow are pointing the same direction.