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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
SEI Investments
76
SEI Investments
Pennsylvania
$5.81M +$474K +8,916 +9%
RL
77
Ruffer LLP
United Kingdom
$5.71M +$2.3M +43,207 +67%
HF
78
HRT Financial
New York
$5.61M +$1.42M +26,635 +34%
New York State Teachers Retirement System (NYSTRS)
79
New York State Teachers Retirement System (NYSTRS)
New York
$5.55M +$18.1K +341 +0.3%
BCM
80
Basswood Capital Management
New York
$5.47M
QT
81
Quantbot Technologies
New York
$5.39M -$2.63M -49,539 -33%
Allianz Asset Management
82
Allianz Asset Management
Germany
$5.21M -$16.9M -317,990 -76%
Swedbank
83
Swedbank
Sweden
$5.07M -$1.27M -23,931 -20%
Victory Capital Management
84
Victory Capital Management
Texas
$4.93M -$1.21M -22,823 -20%
Grantham, Mayo, Van Otterloo & Co (GMO)
85
Grantham, Mayo, Van Otterloo & Co (GMO)
Massachusetts
$4.84M -$20.7K -390 -0.4%
Canada Pension Plan Investment Board
86
Canada Pension Plan Investment Board
Ontario, Canada
$4.82M +$4.55M +85,500 +1,555%
BCAM
87
Boston Common Asset Management
Massachusetts
$4.82M -$5.19M -97,564 -52%
Bank of Montreal
88
Bank of Montreal
Ontario, Canada
$4.74M +$444K +8,345 +10%
CCIA
89
Campbell & Co Investment Adviser
Maryland
$4.7M +$2.81M +52,886 +147%
Retirement Systems of Alabama
90
Retirement Systems of Alabama
Alabama
$4.64M +$171K +3,209 +4%
Marshall Wace
91
Marshall Wace
United Kingdom
$4.59M +$3.56M +67,023 +341%
GLA
92
Great Lakes Advisors
Illinois
$4.2M -$5.7M -107,149 -57%
MIM
93
MetLife Investment Management
New Jersey
$4.19M +$248K +4,662 +6%
Manulife (Manufacturers Life Insurance)
94
Manulife (Manufacturers Life Insurance)
Ontario, Canada
$4.08M +$62.1K +1,168 +2%
Canada Life
95
Canada Life
Manitoba, Canada
$3.72M -$86.8K -1,632 -2%
California State Teachers Retirement System (CalSTRS)
96
California State Teachers Retirement System (CalSTRS)
California
$3.58M +$16K +301 +0.4%
AssetMark Inc
97
AssetMark Inc
California
$3.58M +$236K +4,442 +7%
RWM
98
RBA Wealth Management
California
$3.5M +$91.5K +1,720 +3%
Group One Trading
99
Group One Trading
Illinois
$3.41M -$1.46M -27,522 -30%
SBH
100
Segall Bryant & Hamill
Illinois
$3.22M -$245K -4,611 -7%

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.