TopBuild
BLD was delisted on the 30th of June, 2026.
547 hedge funds and large institutions have $12.7B invested in TopBuild in 2025 Q4 according to their latest regulatory filings, with 83 funds opening new positions, 164 increasing their positions, 217 reducing their positions, and 74 closing their positions.
12% more first-time investments, than exits
New positions opened: 83 | Existing positions closed: 74
11% more capital invested
Capital invested by funds: $11.4B → $12.7B (+$1.24B)
4.42% more ownership
Funds ownership: 103.87% → 108.3% (+4.4%)
1% less funds holding
Funds holding: 551 → 547 (-4)
24% less repeat investments, than reductions
Existing positions increased: 164 | Existing positions reduced: 217
77% less call options, than puts
Call options by funds: $10.3M | Put options by funds: $45.6M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Victory Capital Management
San Antonio,
Texas
|
+$274M |
| 2 |
Capital International Investors
Los Angeles,
California
|
+$270M |
| 3 |
Artisan Partners
Milwaukee,
Wisconsin
|
+$104M |
| 4 |
Morgan Stanley
New York
|
+$70.8M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
+$58.4M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
WHG
Westwood Holdings Group
Dallas,
Texas
|
-$80.4M |
| 2 |
Allspring Global Investments
Charlotte,
North Carolina
|
-$70.7M |
| 3 |
Geode Capital Management
Boston,
Massachusetts
|
-$57.6M |
| 4 |
DZ Bank
Frankfurt Am Main,
Germany
|
-$36.1M |
| 5 |
LIP
Liontrust Investment Partners
London,
United Kingdom
|
-$34.7M |
BLD Hedge Fund Activity: Q4 2025 in Review
547 of the 8,256 institutional investors tracked by Wall St. Rank reported a position in TopBuild (BLD) for Q4 2025, worth a combined $12.7B — up 11% from $11.4B a quarter earlier.
Buyers outnumbered sellers: 83 funds opened new BLD positions and 74 closed out — a net gain of 9 holders — while 164 added to existing stakes and 217 trimmed.
The largest buyer was Victory Capital Management, adding an estimated $274M. The largest seller was Westwood Holdings Group, exiting entirely with an estimated $80.4M sold.
- 547 institutional investors held TopBuild (BLD) as of Q4 2025, down from 551 in Q3 2025.
- Funds reported $12.7B of TopBuild stock for Q4 2025, up 11% quarter-over-quarter.
- 83 funds opened new TopBuild positions in Q4 2025 and 74 closed out, a net change of +9 holders.
- The largest TopBuild buyer in Q4 2025 was Victory Capital Management, an estimated $274M added.
- The largest TopBuild seller in Q4 2025 was Westwood Holdings Group, an estimated $80.4M sold.
Based on aggregated 13F filings for Q4 2025.