Home Depot
3,670 hedge funds and large institutions have $270B invested in Home Depot in 2024 Q1 according to their latest regulatory filings, with 232 funds opening new positions, 1,506 increasing their positions, 1,533 reducing their positions, and 107 closing their positions.
117% more first-time investments, than exits
New positions opened: 232 | Existing positions closed: 107
2% more funds holding
Funds holding: 3,598 → 3,670 (+72)
2% more funds holding in top 10
Funds holding in top 10: 230 → 234 (+4)
9% more call options, than puts
Call options by funds: $4.11B | Put options by funds: $3.77B
6% more capital inflows, than outflows
Capital inflows: $8.52B | Capital outflows: $8.01B
0.27% more ownership
Funds ownership: 70.87% → 71.14% (+0.27%)
2% less repeat investments, than reductions
Existing positions increased: 1,506 | Existing positions reduced: 1,533
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
State Street
Boston,
Massachusetts
|
+$1.06B |
| 2 |
Alphinity Investment Management
Sydney,
Australia
|
+$489M |
| 3 |
Franklin Resources
San Mateo,
California
|
+$404M |
| 4 |
T. Rowe Price Associates
Baltimore,
Maryland
|
+$355M |
| 5 |
UBS Group
Zurich,
Switzerland
|
+$304M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Neuberger Berman Group
New York
|
-$852M |
| 2 |
Public Investment Fund
Al Aqiq District, Riyadh,
Saudi Arabia
|
-$569M |
| 3 |
Capital Research Global Investors
Los Angeles,
California
|
-$464M |
| 4 |
Capital World Investors
Los Angeles,
California
|
-$264M |
| 5 |
D.E. Shaw & Co
New York
|
-$253M |
HD Hedge Fund Activity: Q1 2024 in Review
3,670 of the 6,966 institutional investors tracked by Wall St. Rank reported a position in Home Depot (HD) for Q1 2024, worth a combined $270B — up 10% from $244B a quarter earlier.
Buyers outnumbered sellers: 232 funds opened new HD positions and 107 closed out — a net gain of 125 holders — while 1,506 added to existing stakes and 1,533 trimmed.
The largest buyer was State Street, adding an estimated $1.06B. The largest seller was Neuberger Berman Group, cutting an estimated $852M.
- 3,670 institutional investors held Home Depot (HD) as of Q1 2024, up from 3,598 in Q4 2023.
- Funds reported $270B of Home Depot stock for Q1 2024, up 10% quarter-over-quarter.
- 232 funds opened new Home Depot positions in Q1 2024 and 107 closed out, a net change of +125 holders.
- The largest Home Depot buyer in Q1 2024 was State Street, an estimated $1.06B added.
- The largest Home Depot seller in Q1 2024 was Neuberger Berman Group, an estimated $852M sold.
Based on aggregated 13F filings for Q1 2024.