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179 hedge funds and large institutions have $1.47B invested in KB Home in 2014 Q2 according to their latest regulatory filings, with 25 funds opening new positions, 62 increasing their positions, 65 reducing their positions, and 30 closing their positions.

New
Increased
Maintained
Reduced
Closed

48% more call options, than puts

Call options by funds: $110M | Put options by funds: $74.1M

18% more capital invested

Capital invested by funds: $1.25B → $1.47B (+$220M)

5.36% more ownership

Funds ownership: 81.53%86.89% (+5.4%)

5% less repeat investments, than reductions

Existing positions increased: 62 | Existing positions reduced: 65

3% less funds holding

Funds holding: 185179 (-6)

17% less first-time investments, than exits

New positions opened: 25 | Existing positions closed: 30

Holders
179
Holders Change
-6
Holders Change %
-3.24%
% of All Funds
5.15%
Holding in Top 10
1
Holding in Top 10 Change
+1
Holding in Top 10 Change %
% of All Funds
0.03%
New
25
Increased
62
Reduced
65
Closed
30
Calls
$110M
Puts
$74.1M
Net Calls
+$35.9M
Net Calls Change
+$54.5M
Name Holding Trade Value Shares
Change
Change in
Stake
Fidelity Investments
1
Fidelity Investments
Massachusetts
$193M +$46.5M +2,775,016 +37%
BFA
2
BlackRock Fund Advisors
California
$124M -$547K -32,630 -0.5%
Vanguard Group
3
Vanguard Group
Pennsylvania
$97.9M +$1.84M +109,610 +2%
Franklin Resources
4
Franklin Resources
California
$69.4M +$62.3M +3,717,336 New
OAMG
5
Odey Asset Management Group
United Kingdom
$63.3M +$289K +17,247 +0.5%
TG
6
TCW Group
California
$59M +$20.8M +1,240,152 +65%
State Street
7
State Street
Massachusetts
$50.4M +$1.68M +100,521 +4%
BIT
8
BlackRock Institutional Trust
California
$50.3M +$812K +48,446 +2%
VFA
9
Virtus Fund Advisers
Connecticut
$42.8M +$38.4M +2,292,855 New
Dimensional Fund Advisors
10
Dimensional Fund Advisors
Texas
$41.8M +$9.95M +594,022 +36%
Wellington Management Group
11
Wellington Management Group
Massachusetts
$38.4M +$3.15M +187,939 +10%
MVP
12
Miller Value Partners
Florida
$37.1M -$530K -31,625 -2%
Ameriprise
13
Ameriprise
Minnesota
$34.7M -$744K -44,385 -2%
Citadel Advisors
14
Citadel Advisors
Florida
$33.2M -$49.2M -2,937,578 -62%
Norges Bank
15
Norges Bank
Norway
$26.9M +$10.2M +608,531 +73%
Northern Trust
16
Northern Trust
Illinois
$24.8M -$1.15M -68,713 -5%
SCM
17
Saba Capital Management
New York
$23.7M -$9.63M -574,905 -31%
Bank of New York Mellon
18
Bank of New York Mellon
New York
$20M +$358K +21,364 +2%
LOAMU
19
Lombard Odier Asset Management (USA)
New York
$18.9M +$16.9M +1,010,000 New
IIM
20
Ivory Investment Management
New York
$18.8M +$5.07M +302,303 +43%
Millennium Management
21
Millennium Management
New York
$17.1M +$11.8M +703,779 +331%
O
22
OppenheimerFunds
New York
$17M +$3.25M +194,024 +27%
Wells Fargo
23
Wells Fargo
California
$15.9M +$2.56M +152,631 +22%
Bank of America
24
Bank of America
North Carolina
$13.4M -$2.2M -131,348 -15%
Principal Financial Group
25
Principal Financial Group
Iowa
$12.8M -$128K -7,658 -1%

KBH Hedge Fund Activity: Q2 2014 in Review

179 of the 3,479 institutional investors tracked by Wall St. Rank reported a position in KB Home (KBH) for Q2 2014, worth a combined $1.47B — up 18% from $1.25B a quarter earlier.

Sellers outnumbered buyers: 30 funds closed out of KBH and 25 opened new positions — a net loss of 5 holders — while 65 trimmed existing stakes and 62 added.

The largest buyer was Franklin Resources, opening a new position worth an estimated $62.3M. The largest seller was Citadel Advisors, cutting an estimated $49.2M.

  • 179 institutional investors held KB Home (KBH) as of Q2 2014, down from 185 in Q1 2014.
  • Funds reported $1.47B of KB Home stock for Q2 2014, up 18% quarter-over-quarter.
  • 25 funds opened new KB Home positions in Q2 2014 and 30 closed out, a net change of -5 holders.
  • The largest KB Home buyer in Q2 2014 was Franklin Resources, an estimated $62.3M added.
  • The largest KB Home seller in Q2 2014 was Citadel Advisors, an estimated $49.2M sold.

Based on aggregated 13F filings for Q2 2014.