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Meritage Homes

149 hedge funds and large institutions have $1.34B invested in Meritage Homes in 2013 Q3 according to their latest regulatory filings, with 19 funds opening new positions, 71 increasing their positions, 43 reducing their positions, and 35 closing their positions.

New
Increased
Maintained
Reduced
Closed

65% more repeat investments, than reductions

Existing positions increased: 71 | Existing positions reduced: 43

45% more call options, than puts

Call options by funds: $11.9M | Put options by funds: $8.2M

3% less capital invested

Capital invested by funds: $1.38B → $1.34B (-$40.8M)

3.89% less ownership

Funds ownership: 176.28%172.39% (-3.9%)

11% less funds holding

Funds holding: 167149 (-18)

46% less first-time investments, than exits

New positions opened: 19 | Existing positions closed: 35

67% less funds holding in top 10

Funds holding in top 10: 31 (-2)

Holders
149
Holders Change
-18
Holders Change %
-10.78%
% of All Funds
4.83%
Holding in Top 10
1
Holding in Top 10 Change
-2
Holding in Top 10 Change %
-66.67%
% of All Funds
0.03%
New
19
Increased
71
Reduced
43
Closed
35
Calls
$11.9M
Puts
$8.2M
Net Calls
+$3.67M
Net Calls Change
+$7.72M
Name Holding Trade Value Shares
Change
Change in
Stake
Charles Schwab
51
Charles Schwab
California
$4.2M +$256K +11,912 +7%
JP Morgan Chase
52
JP Morgan Chase
New York
$3.96M -$409K -19,050 -9%
CRCP
53
Copper Rock Capital Partners
Massachusetts
$3.88M -$205K -9,522 -5%
New York State Teachers Retirement System (NYSTRS)
54
New York State Teachers Retirement System (NYSTRS)
New York
$3.55M -$125K -5,800 -3%
Public Sector Pension Investment Board (PSP Investments)
55
Public Sector Pension Investment Board (PSP Investments)
Quebec, Canada
$3.52M +$967K +45,000 +38%
Schroder Investment Management Group
56
Schroder Investment Management Group
United Kingdom
$3.34M +$1.75M +81,662 +111%
California Public Employees Retirement System
57
California Public Employees Retirement System
California
$2.88M +$322K +15,000 +13%
California State Teachers Retirement System (CalSTRS)
58
California State Teachers Retirement System (CalSTRS)
California
$2.79M +$87.6K +4,078 +3%
Jennison Associates
59
Jennison Associates
New York
$2.73M +$567K +26,384 +26%
Deutsche Bank
60
Deutsche Bank
Germany
$2.5M +$130K +6,072 +5%
TA
61
Teachers Advisors
New York
$2.24M -$9.11M -423,914 -80%
BG
62
BlackRock Group
United Kingdom
$2.23M +$340K +15,846 +18%
BCM
63
Bridgeway Capital Management
Texas
$2.14M
RhumbLine Advisers
64
RhumbLine Advisers
Massachusetts
$2.14M -$51.6K -2,402 -2%
Invesco
65
Invesco
Georgia
$2.06M -$2.33M -108,348 -53%
TC
66
TFS Capital
Pennsylvania
$1.99M +$288K +13,404 +17%
KCM
67
Kennedy Capital Management
Missouri
$1.97M +$679K +31,606 +53%
PPA
68
Parametric Portfolio Associates
Washington
$1.95M -$404K -18,786 -17%
MAA
69
Managed Account Advisors
New Jersey
$1.81M +$5.16K +240 +0.3%
CO
70
Caldwell & Orkin
Georgia
$1.64M +$1.64M +76,400 New
State Board of Administration of Florida Retirement System
71
State Board of Administration of Florida Retirement System
Florida
$1.62M +$181K +8,406 +13%
Comerica Bank
72
Comerica Bank
Texas
$1.59M +$188K +8,750 +13%
NTCOC
73
Northern Trust Company of Connecticut
Connecticut
$1.57M +$626K +29,150 +66%
TPSF
74
Texas Permanent School Fund
Texas
$1.55M +$33.6K +1,564 +2%
NFA
75
Nationwide Fund Advisors
Ohio
$1.49M +$164K +7,648 +12%

MTH Hedge Fund Activity: Q3 2013 in Review

149 of the 3,084 institutional investors tracked by Wall St. Rank reported a position in Meritage Homes (MTH) for Q3 2013, worth a combined $1.34B — down 3% from $1.38B a quarter earlier.

Sellers outnumbered buyers: 35 funds closed out of MTH and 19 opened new positions — a net loss of 16 holders — while 43 trimmed existing stakes and 71 added.

The largest buyer was Citadel Advisors, adding an estimated $47.6M. The largest seller was Ranger Investment Management, exiting entirely with an estimated $44.2M sold.

  • 149 institutional investors held Meritage Homes (MTH) as of Q3 2013, down from 167 in Q2 2013.
  • Funds reported $1.34B of Meritage Homes stock for Q3 2013, down 3% quarter-over-quarter.
  • 19 funds opened new Meritage Homes positions in Q3 2013 and 35 closed out, a net change of -16 holders.
  • The largest Meritage Homes buyer in Q3 2013 was Citadel Advisors, an estimated $47.6M added.
  • The largest Meritage Homes seller in Q3 2013 was Ranger Investment Management, an estimated $44.2M sold.

Based on aggregated 13F filings for Q3 2013.