KB Home
403 hedge funds and large institutions have $3.38B invested in KB Home in 2025 Q4 according to their latest regulatory filings, with 59 funds opening new positions, 110 increasing their positions, 168 reducing their positions, and 51 closing their positions.
16% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 51
0% more funds holding
Funds holding: 402 → 403 (+1)
3% less call options, than puts
Call options by funds: $88.3M | Put options by funds: $90.9M
2% less ownership
Funds ownership: 94.7% → 92.7% (-2%)
17% less capital invested
Capital invested by funds: $4.1B → $3.38B (-$718M)
35% less repeat investments, than reductions
Existing positions increased: 110 | Existing positions reduced: 168
100% less funds holding in top 10
Funds holding in top 10: 2 → 0 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
DSC
Donald Smith & Co
New York
|
+$35.5M |
| 2 |
Two Sigma Investments
New York
|
+$33.2M |
| 3 |
Goldman Sachs
New York
|
+$29M |
| 4 |
EGM
Engineers Gate Manager
New York
|
+$18.2M |
| 5 |
Two Sigma Advisers
New York
|
+$16.6M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Macquarie Group
Sydney, NSW 2000,
Australia
|
-$107M |
| 2 |
FGP
Freestone Grove Partners
San Francisco,
California
|
-$87.1M |
| 3 |
Millennium Management
New York
|
-$65.2M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$55.1M |
| 5 |
Fidelity Investments
Boston,
Massachusetts
|
-$46.1M |
KBH Hedge Fund Activity: Q4 2025 in Review
403 of the 8,267 institutional investors tracked by Wall St. Rank reported a position in KB Home (KBH) for Q4 2025, worth a combined $3.38B — down 17% from $4.1B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new KBH positions and 51 closed out — a net gain of 8 holders — while 110 added to existing stakes and 168 trimmed.
The largest buyer was Donald Smith & Co, adding an estimated $35.5M. The largest seller was Macquarie Group, exiting entirely with an estimated $107M sold.
- 403 institutional investors held KB Home (KBH) as of Q4 2025, up from 402 in Q3 2025.
- Funds reported $3.38B of KB Home stock for Q4 2025, down 17% quarter-over-quarter.
- 59 funds opened new KB Home positions in Q4 2025 and 51 closed out, a net change of +8 holders.
- The largest KB Home buyer in Q4 2025 was Donald Smith & Co, an estimated $35.5M added.
- The largest KB Home seller in Q4 2025 was Macquarie Group, an estimated $107M sold.
Based on aggregated 13F filings for Q4 2025.