TopBuild
BLD was delisted on the 30th of June, 2026.
478 hedge funds and large institutions have $11.5B invested in TopBuild in 2023 Q4 according to their latest regulatory filings, with 96 funds opening new positions, 149 increasing their positions, 172 reducing their positions, and 48 closing their positions.
200% more funds holding in top 10
Funds holding in top 10: 2 → 6 (+4)
100% more first-time investments, than exits
New positions opened: 96 | Existing positions closed: 48
50% more capital invested
Capital invested by funds: $7.66B → $11.5B (+$3.82B)
38% more call options, than puts
Call options by funds: $52.2M | Put options by funds: $37.8M
10% more funds holding
Funds holding: 435 → 478 (+43)
0.74% more ownership
Funds ownership: 95.83% → 96.58% (+0.74%)
13% less repeat investments, than reductions
Existing positions increased: 149 | Existing positions reduced: 172
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Bank of America
Charlotte,
North Carolina
|
+$130M |
| 2 |
LIP
Liontrust Investment Partners
London,
United Kingdom
|
+$99.1M |
| 3 |
AI
Axiom Investors
Greenwich,
Connecticut
|
+$66.9M |
| 4 |
Capital International Investors
Los Angeles,
California
|
+$56.9M |
| 5 |
Norges Bank
Oslo,
Norway
|
+$49.1M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Fidelity Investments
Boston,
Massachusetts
|
-$75.6M |
| 2 |
Pictet Asset Management
Carouge,
Switzerland
|
-$70.1M |
| 3 |
Citadel Advisors
Miami,
Florida
|
-$48.4M |
| 4 |
Point72 Asset Management
Stamford,
Connecticut
|
-$38.5M |
| 5 |
BTW
Boston Trust Walden
Boston,
Massachusetts
|
-$35.4M |
BLD Hedge Fund Activity: Q4 2023 in Review
478 of the 6,865 institutional investors tracked by Wall St. Rank reported a position in TopBuild (BLD) for Q4 2023, worth a combined $11.5B — up 50% from $7.66B a quarter earlier.
Buyers outnumbered sellers: 96 funds opened new BLD positions and 48 closed out — a net gain of 48 holders — while 149 added to existing stakes and 172 trimmed.
The largest buyer was Bank of America, adding an estimated $130M. The largest seller was Fidelity Investments, cutting an estimated $75.6M.
- 478 institutional investors held TopBuild (BLD) as of Q4 2023, up from 435 in Q3 2023.
- Funds reported $11.5B of TopBuild stock for Q4 2023, up 50% quarter-over-quarter.
- 96 funds opened new TopBuild positions in Q4 2023 and 48 closed out, a net change of +48 holders.
- The largest TopBuild buyer in Q4 2023 was Bank of America, an estimated $130M added.
- The largest TopBuild seller in Q4 2023 was Fidelity Investments, an estimated $75.6M sold.
Based on aggregated 13F filings for Q4 2023.