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KB Home
KBH

185 hedge funds and large institutions have $1.25B invested in KB Home in 2014 Q1 according to their latest regulatory filings, with 29 funds opening new positions, 77 increasing their positions, 55 reducing their positions, and 23 closing their positions.

New
Increased
Maintained
Reduced
Closed

40% more repeat investments, than reductions

Existing positions increased: 77 | Existing positions reduced: 55

26% more first-time investments, than exits

New positions opened: 29 | Existing positions closed: 23

3.63% more ownership

Funds ownership: 77.89% → 81.53% (+3.6%)

2% more funds holding

Funds holding: 181 → 185 (+4)

24% less call options, than puts

Call options by funds: $58.6M | Put options by funds: $77.2M

34% less capital invested

Capital invested by funds: $1.89B → $1.25B (-$634M)

Holders
185
Holders Change
+4
Holders Change %
+2.21%
% of All Funds
5.34%
Holding in Top 10
–
Holding in Top 10 Change
–
Holding in Top 10 Change %
–
% of All Funds
–
New
29
Increased
77
Reduced
55
Closed
23
Calls
$58.6M
Puts
$77.2M
Net Calls
-$18.6M
Net Calls Change
+$67.8M

Top Buyers

1
Citadel Advisors
Citadel Advisors
Florida
+$37.9M
2
SCM
Saba Capital Management
New York
+$28.3M
3
PRCM
Pine River Capital Management
Minnesota
+$26.7M
4
Citigroup
Citigroup
New York
+$17M
5
O
OppenheimerFunds
New York
+$13.2M

Top Sellers

1
Fidelity Investments
Fidelity Investments
Massachusetts
-$30.3M
2
OAMG
Odey Asset Management Group
United Kingdom
-$24.5M
3
Morgan Stanley
Morgan Stanley
New York
-$17.8M
4
Goldman Sachs
Goldman Sachs
New York
-$10.7M
5
Barclays
Barclays
United Kingdom
-$10.4M
Name Holding Trade Value Shares
Change 		Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$128M -$30.3M -1,654,100 -18%
BFA
2
BlackRock Fund Advisors
California
$114M +$4.52M +246,538 +4%
Vanguard Group
3
Vanguard Group
Pennsylvania
$87.2M +$1.56M +85,099 +2%
Citadel Advisors
4
Citadel Advisors
Florida
$80.1M +$37.9M +2,064,597 +78%
OAMG
5
Odey Asset Management Group
United Kingdom
$57.3M -$24.5M -1,337,200 -28%
BIT
6
BlackRock Institutional Trust
California
$45M +$1.34M +72,875 +3%
State Street
7
State Street
Massachusetts
$44.1M +$257K +14,009 +0.5%
Loomis, Sayles & Company
8
Loomis, Sayles & Company
Massachusetts
$35.3M – – –
MVP
9
Miller Value Partners
Florida
$34.3M +$1.39M +75,525 +4%
PRCM
10
Pine River Capital Management
Minnesota
$32.7M +$26.7M +1,454,435 +310%
TG
11
TCW Group
California
$32.6M +$4.08M +222,520 +13%
Ameriprise
12
Ameriprise
Minnesota
$32.3M +$367K +19,992 +1%
Wellington Management Group
13
Wellington Management Group
Massachusetts
$31.7M +$1.55M +84,504 +5%
SCM
14
Saba Capital Management
New York
$31.3M +$28.3M +1,539,869 +508%
Dimensional Fund Advisors
15
Dimensional Fund Advisors
Texas
$27.9M +$1.98M +107,658 +7%
Northern Trust
16
Northern Trust
Illinois
$23.7M -$1.55M -84,697 -6%
Morgan Stanley
17
Morgan Stanley
New York
$23.1M -$17.8M -971,132 -42%
Citigroup
18
Citigroup
New York
$18.7M +$17M +925,742 +527%
Bank of New York Mellon
19
Bank of New York Mellon
New York
$17.9M +$86.5K +4,712 +0.5%
U
20
UBS
Switzerland
$16.9M -$7.7M -419,706 -30%
Bank of America
21
Bank of America
North Carolina
$14.5M -$1.48M -80,514 -9%
Federated Hermes
22
Federated Hermes
Pennsylvania
$14.4M +$2.56M +139,516 +20%
Norges Bank
23
Norges Bank
Norway
$14.1M – – –
JP Morgan Chase
24
JP Morgan Chase
New York
$14M -$2.46M -133,947 -14%
Goldman Sachs
25
Goldman Sachs
New York
$13.7M -$10.7M -584,123 -42%
1
2 3 4 5

KBH Hedge Fund Activity: Q1 2014 in Review

185 of the 3,462 institutional investors tracked by Wall St. Rank reported a position in KB Home (KBH) for Q1 2014, worth a combined $1.25B — down 34% from $1.89B a quarter earlier.

Buyers outnumbered sellers: 29 funds opened new KBH positions and 23 closed out — a net gain of 6 holders — while 77 added to existing stakes and 55 trimmed.

The largest buyer was Citadel Advisors, adding an estimated $37.9M. The largest seller was Fidelity Investments, cutting an estimated $30.3M.

  • 185 institutional investors held KB Home (KBH) as of Q1 2014, up from 181 in Q4 2013.
  • Funds reported $1.25B of KB Home stock for Q1 2014, down 34% quarter-over-quarter.
  • 29 funds opened new KB Home positions in Q1 2014 and 23 closed out, a net change of +6 holders.
  • The largest KB Home buyer in Q1 2014 was Citadel Advisors, an estimated $37.9M added.
  • The largest KB Home seller in Q1 2014 was Fidelity Investments, an estimated $30.3M sold.

Based on aggregated 13F filings for Q1 2014.