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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
SF
126
Summit Financial
New Jersey
$1.8M +$819K +15,400 +83%
Cetera Investment Advisers
127
Cetera Investment Advisers
Illinois
$1.77M -$259K -4,869 -13%
SWMG
128
Signature Wealth Management Group
Georgia
$1.77M +$42.9K +806 +2%
GIA
129
Gateway Investment Advisers
Ohio
$1.75M
AB
130
Amalgamated Bank
New York
$1.66M +$48.7K +916 +3%
GL
131
GHE LLC
Tennessee
$1.63M -$113K -2,129 -6%
Hudson Bay Capital Management
132
Hudson Bay Capital Management
Connecticut
$1.61M -$2.41M -45,334 -60%
NA
133
NewEdge Advisors
Louisiana
$1.6M -$1.83M -34,329 -53%
State of Tennessee, Department of Treasury
134
State of Tennessee, Department of Treasury
Tennessee
$1.6M
BONH
135
Bank of New Hampshire
New Hampshire
$1.59M -$195K -3,660 -11%
EF
136
Empowered Funds
Pennsylvania
$1.55M -$2.34M -44,049 -60%
VF
137
Vest Financial
Virginia
$1.54M -$260K -4,897 -14%
GIC
138
Generali Investments CEE
Czech Republic
$1.51M
LNWWM
139
Laird Norton Wetherby Wealth Management
California
$1.48M +$1.49M +28,004 New
TRSOTSOK
140
Teachers Retirement System of the State of Kentucky
Kentucky
$1.4M
Zurich Cantonal Bank
141
Zurich Cantonal Bank
Switzerland
$1.4M +$95.9K +1,804 +7%
Wealth Enhancement Advisory Services
142
Wealth Enhancement Advisory Services
Minnesota
$1.38M +$80K +1,505 +6%
Ohio Public Employees Retirement System (OPERS)
143
Ohio Public Employees Retirement System (OPERS)
Ohio
$1.37M -$90.3K -1,698 -6%
YCM
144
Yousif Capital Management
Michigan
$1.35M +$11.1K +209 +0.8%
Teacher Retirement System of Texas
145
Teacher Retirement System of Texas
Texas
$1.34M -$3.98M -74,792 -75%
PCM
146
Prentice Capital Management
Connecticut
$1.32M +$1.33M +25,000 New
US Bancorp
147
US Bancorp
Minnesota
$1.25M +$55.4K +1,042 +5%
Franklin Resources
148
Franklin Resources
California
$1.22M -$774K -14,561 -39%
Comerica Bank
149
Comerica Bank
Texas
$1.21M -$446K -8,394 -27%
SG Americas Securities
150
SG Americas Securities
New York
$1.2M +$660K +12,411 +121%

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.