Valiant Capital’s Performance, Holdings, and India Investments

1. Zillow Group, Inc. (NASDAQ:Z)

Zillow Group, Inc. (NASDAQ:Z) is Valiant Capital Management’s largest position, which contains 1.49 million shares worth $73.06 million at the end of June. During the second quarter, the fund cut its stake in the company by 10%. Another investor bullish on Zillow Group, Inc. (NASDAQ:Z) is billionaire Jim Simons’ Renaissance Technologies, which initiated a stake containing 161,800 shares during the second quarter.

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Zillow Group, Inc. (NASDAQ:Z), which owns and operates a portfolio of real estate platforms, has recently reported its financial results for the second quarter, which included EPS of $0.04 and revenue of $266.85 million, which beat the estimates by $0.05 and $4.35 million respectively; the revenue increased by 28% on the year and set a new record for the company. Zillow Group, Inc. (NASDAQ:Z) also said that it registered an increase of 6% year-over-year in the number of average monthly unique users, which totaled 178 million. For the third quarter, Zillow Group, Inc. (NASDAQ:Z) expects revenue in the range of $273 million to $278 million.

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