Meritage Homes
314 hedge funds and large institutions have $4.23B invested in Meritage Homes in 2023 Q1 according to their latest regulatory filings, with 59 funds opening new positions, 100 increasing their positions, 118 reducing their positions, and 28 closing their positions.
111% more call options, than puts
Call options by funds: $16.4M | Put options by funds: $7.76M
111% more first-time investments, than exits
New positions opened: 59 | Existing positions closed: 28
77% more capital inflows, than outflows
Capital inflows: $705M | Capital outflows: $399M
10% more funds holding
Funds holding: 286 → 314 (+28)
7.56% more ownership
Funds ownership: 92.64% → 100.2% (+7.6%)
15% less repeat investments, than reductions
Existing positions increased: 100 | Existing positions reduced: 118
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Echo Street Capital Management
New York
|
+$70.8M |
| 2 |
Wellington Management Group
Boston,
Massachusetts
|
+$57.6M |
| 3 |
Envestnet Asset Management
Chicago,
Illinois
|
+$56.1M |
| 4 |
Fidelity Investments
Boston,
Massachusetts
|
+$34.8M |
| 5 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$32.7M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Citadel Advisors
Miami,
Florida
|
-$79.9M |
| 2 |
Millennium Management
New York
|
-$37.9M |
| 3 |
Schonfeld Strategic Advisors
New York
|
-$30.6M |
| 4 |
Long Pond Capital
New York
|
-$17.7M |
| 5 |
GA
GRS Advisors
Chicago,
Illinois
|
-$16.9M |
MTH Hedge Fund Activity: Q1 2023 in Review
314 of the 6,289 institutional investors tracked by Wall St. Rank reported a position in Meritage Homes (MTH) for Q1 2023, worth a combined $4.23B — up 35% from $3.14B a quarter earlier.
Buyers outnumbered sellers: 59 funds opened new MTH positions and 28 closed out — a net gain of 31 holders — while 100 added to existing stakes and 118 trimmed.
The largest buyer was Echo Street Capital Management, opening a new position worth an estimated $70.8M. The largest seller was Citadel Advisors, cutting an estimated $79.9M.
- 314 institutional investors held Meritage Homes (MTH) as of Q1 2023, up from 286 in Q4 2022.
- Funds reported $4.23B of Meritage Homes stock for Q1 2023, up 35% quarter-over-quarter.
- 59 funds opened new Meritage Homes positions in Q1 2023 and 28 closed out, a net change of +31 holders.
- The largest Meritage Homes buyer in Q1 2023 was Echo Street Capital Management, an estimated $70.8M added.
- The largest Meritage Homes seller in Q1 2023 was Citadel Advisors, an estimated $79.9M sold.
Based on aggregated 13F filings for Q1 2023.