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KB Home
KBH

181 hedge funds and large institutions have $1.89B invested in KB Home in 2013 Q4 according to their latest regulatory filings, with 28 funds opening new positions, 64 increasing their positions, 59 reducing their positions, and 21 closing their positions.

New
Increased
Maintained
Reduced
Closed

49% more capital invested

Capital invested by funds: $1.27B → $1.89B (+$618M)

33% more first-time investments, than exits

New positions opened: 28 | Existing positions closed: 21

3% more funds holding

Funds holding: 176 → 181 (+5)

8% more repeat investments, than reductions

Existing positions increased: 64 | Existing positions reduced: 59

6.34% less ownership

Funds ownership: 84.23% → 77.89% (-6.3%)

58% less call options, than puts

Call options by funds: $62.5M | Put options by funds: $149M

Holders
181
Holders Change
+5
Holders Change %
+2.84%
% of All Funds
5.25%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
28
Increased
64
Reduced
59
Closed
21
Calls
$62.5M
Puts
$149M
Net Calls
-$86.5M
Net Calls Change
-$5.68M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$44M
2
OAMG
Odey Asset Management Group
United Kingdom
+$16M
3
Wellington Management Group
Wellington Management Group
Massachusetts
+$15.6M
4
TG
TCW Group
California
+$14.7M
5
Federated Hermes
Federated Hermes
Pennsylvania
+$11.6M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$32.9M
2
Millennium Management
Millennium Management
New York
-$30.5M
3
CCI
Columbus Circle Investors
-$24.6M
4
Capital Fund Management (CFM)
Capital Fund Management (CFM)
France
-$11.4M
5
BFA
BlackRock Fund Advisors
California
-$5.95M
Name Holding Trade Value Shares
Change 		Change in
Stake
California Public Employees Retirement System
51
California Public Employees Retirement System
California
$4.08M +$1.18M +68,925 +44%
New York State Common Retirement Fund
52
New York State Common Retirement Fund
New York
$3.87M -$992K -57,707 -21%
NFA
53
Nationwide Fund Advisors
Ohio
$3.75M -$140K -8,151 -4%
GF
54
Gabelli Funds
New York
$3.66M – – –
CC
55
Coastland Capital
California
$3.64M +$3.42M +199,100 New
AII
56
AGF Investments Inc
Ontario, Canada
$3.42M – – –
WA
57
Whitebox Advisors
Minnesota
$3.29M +$1.66M +96,800 +116%
Citigroup
58
Citigroup
New York
$3.21M -$3.35M -195,121 -53%
Aviva
59
Aviva
United Kingdom
$2.88M +$2.71M +157,521 New
Neuberger Berman Group
60
Neuberger Berman Group
New York
$2.82M +$1.72M +100,000 +185%
AllianceBernstein
61
AllianceBernstein
Tennessee
$2.8M -$408K -23,740 -13%
California State Teachers Retirement System (CalSTRS)
62
California State Teachers Retirement System (CalSTRS)
California
$2.76M +$15.5K +900 +0.6%
RFC
63
Russell Frank Company
Washington
$2.69M -$1.1M -64,117 -32%
New York State Teachers Retirement System (NYSTRS)
64
New York State Teachers Retirement System (NYSTRS)
New York
$2.61M – – –
RhumbLine Advisers
65
RhumbLine Advisers
Massachusetts
$2.6M -$42.1K -2,451 -2%
AF
66
Arrow Financial
New York
$2.51M -$48.2K -2,805 -2%
MLICM
67
Metropolitan Life Insurance Company (MetLife)
New York
$2.44M +$4.76K +277 +0.2%
DCM
68
Dynamic Capital Management
Jersey
$2.28M +$2.14M +124,500 New
TA
69
Teachers Advisors
New York
$2.27M +$7.73K +450 +0.4%
OC
70
Oppenheimer & Co
New York
$2.23M +$2.1M +122,051 New
SCM
71
Stevens Capital Management
Pennsylvania
$2.17M +$325K +18,914 +19%
SC
72
Saiers Capital
New York
$2.1M +$1.97M +114,881 New
BA
73
BlackRock Advisors
Delaware
$2.08M +$1.1M +63,815 +127%
Retirement Systems of Alabama
74
Retirement Systems of Alabama
Alabama
$1.86M – – –
Royal Bank of Canada
75
Royal Bank of Canada
Ontario, Canada
$1.84M +$180K +10,457 +12%
1 2
3
4 5

KBH Hedge Fund Activity: Q4 2013 in Review

181 of the 3,445 institutional investors tracked by Wall St. Rank reported a position in KB Home (KBH) for Q4 2013, worth a combined $1.89B — up 49% from $1.27B a quarter earlier.

Buyers outnumbered sellers: 28 funds opened new KBH positions and 21 closed out — a net gain of 7 holders — while 64 added to existing stakes and 59 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $44M. The largest seller was Fidelity Investments, cutting an estimated $32.9M.

  • 181 institutional investors held KB Home (KBH) as of Q4 2013, up from 176 in Q3 2013.
  • Funds reported $1.89B of KB Home stock for Q4 2013, up 49% quarter-over-quarter.
  • 28 funds opened new KB Home positions in Q4 2013 and 21 closed out, a net change of +7 holders.
  • The largest KB Home buyer in Q4 2013 was Citadel Advisors, an estimated $44M added.
  • The largest KB Home seller in Q4 2013 was Fidelity Investments, an estimated $32.9M sold.

Based on aggregated 13F filings for Q4 2013.