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394 hedge funds and large institutions have $3.5B invested in KB Home in 2025 Q2 according to their latest regulatory filings, with 47 funds opening new positions, 165 increasing their positions, 134 reducing their positions, and 60 closing their positions.

New
Increased
Maintained
Reduced
Closed

23% more repeat investments, than reductions

Existing positions increased: 165 | Existing positions reduced: 134

8% less call options, than puts

Call options by funds: $129M | Put options by funds: $141M

3.1% less ownership

Funds ownership: 95.14%92.04% (-3.1%)

5% less funds holding

Funds holding: 413394 (-19)

11% less capital invested

Capital invested by funds: $3.95B → $3.5B (-$450M)

22% less first-time investments, than exits

New positions opened: 47 | Existing positions closed: 60

100% less funds holding in top 10

Funds holding in top 10: 10 (-1)

Holders
394
Holders Change
-19
Holders Change %
-4.6%
% of All Funds
5.19%
Holding in Top 10
Holding in Top 10 Change
-1
Holding in Top 10 Change %
-100%
% of All Funds
New
47
Increased
165
Reduced
134
Closed
60
Calls
$129M
Puts
$141M
Net Calls
-$11.9M
Net Calls Change
-$11.8M
Name Holding Trade Value Shares
Change
Change in
Stake
AllianceBernstein
51
AllianceBernstein
Tennessee
$9.27M -$104K -1,955 -1%
Raymond James Financial
52
Raymond James Financial
Florida
$9.01M -$91.6K -1,723 -1%
Walleye Capital
53
Walleye Capital
New York
$8.96M +$8.79M +165,243 +4,252%
BNP Paribas Financial Markets
54
BNP Paribas Financial Markets
France
$8.93M +$4.45M +83,744 +99%
N
55
Nuveen
North Carolina
$8.93M +$6.49M +122,119 +263%
ACA
56
Aptus Capital Advisors
Alabama
$8.83M +$782K +14,702 +10%
Principal Financial Group
57
Principal Financial Group
Iowa
$8.71M -$2.33M -43,779 -21%
Deutsche Bank
58
Deutsche Bank
Germany
$8.32M +$4.84M +90,965 +138%
CIM
59
Cambria Investment Management
California
$8.14M -$911K -17,125 -10%
JF
60
Jump Financial
Illinois
$8.1M +$7.59M +142,773 +1,406%
Nordea Investment Management
61
Nordea Investment Management
Sweden
$8.1M +$93.7K +1,762 +1%
DSC
62
Donald Smith & Co
New York
$8.09M -$47.5K -894 -0.6%
ACM
63
Aquatic Capital Management
Illinois
$7.88M +$3.71M +69,796 +88%
SIC
64
Salem Investment Counselors
North Carolina
$7.39M -$246K -4,630 -3%
Royal Bank of Canada
65
Royal Bank of Canada
Ontario, Canada
$7.32M +$3.23M +60,650 +78%
Swiss National Bank
66
Swiss National Bank
Switzerland
$7.26M -$271K -5,100 -4%
EGM
67
Engineers Gate Manager
New York
$6.82M -$1.98M -37,318 -22%
Legal & General Group
68
Legal & General Group
United Kingdom
$6.42M +$134K +2,515 +2%
Susquehanna International Group
69
Susquehanna International Group
Pennsylvania
$6.13M +$275K +5,169 +5%
Prudential Financial
70
Prudential Financial
New Jersey
$6.02M -$1.65M -31,043 -28%
KK
71
KLP Kapitalforvaltning
Norway
$5.97M +$468K +8,800 +8%
GF
72
Gabelli Funds
New York
$5.96M +$3.99M +74,984 +200%
Universal-Beteiligungs- und Servicegesellschaft
73
Universal-Beteiligungs- und Servicegesellschaft
Germany
$5.9M -$1.82M -34,251 -24%
Hotchkis & Wiley Capital Management
74
Hotchkis & Wiley Capital Management
California
$5.89M +$460K +8,652 +8%
California Public Employees Retirement System
75
California Public Employees Retirement System
California
$5.81M -$1.14M -21,524 -16%

KBH Hedge Fund Activity: Q2 2025 in Review

394 of the 7,595 institutional investors tracked by Wall St. Rank reported a position in KB Home (KBH) for Q2 2025, worth a combined $3.5B — down 11% from $3.95B a quarter earlier.

Sellers outnumbered buyers: 60 funds closed out of KBH and 47 opened new positions — a net loss of 13 holders — while 134 trimmed existing stakes and 165 added.

The largest buyer was Millennium Management, adding an estimated $49.9M. The largest seller was Fidelity Investments, cutting an estimated $77.8M.

  • 394 institutional investors held KB Home (KBH) as of Q2 2025, down from 413 in Q1 2025.
  • Funds reported $3.5B of KB Home stock for Q2 2025, down 11% quarter-over-quarter.
  • 47 funds opened new KB Home positions in Q2 2025 and 60 closed out, a net change of -13 holders.
  • The largest KB Home buyer in Q2 2025 was Millennium Management, an estimated $49.9M added.
  • The largest KB Home seller in Q2 2025 was Fidelity Investments, an estimated $77.8M sold.

Based on aggregated 13F filings for Q2 2025.