Toll Brothers
447 hedge funds and large institutions have $6B invested in Toll Brothers in 2023 Q1 according to their latest regulatory filings, with 75 funds opening new positions, 163 increasing their positions, 142 reducing their positions, and 46 closing their positions.
63% more first-time investments, than exits
New positions opened: 75 | Existing positions closed: 46
15% more repeat investments, than reductions
Existing positions increased: 163 | Existing positions reduced: 142
5% more funds holding
Funds holding: 427 → 447 (+20)
0.95% less ownership
Funds ownership: 92.65% → 91.7% (-0.95%)
10% less capital invested
Capital invested by funds: $6.7B → $6B (-$697M)
24% less call options, than puts
Call options by funds: $95.8M | Put options by funds: $126M
50% less funds holding in top 10
Funds holding in top 10: 4 → 2 (-2)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Pacer Advisors
Malvern,
Pennsylvania
|
+$55M |
| 2 |
AQR Capital Management
Greenwich,
Connecticut
|
+$46.3M |
| 3 |
Janus Henderson Group
London,
United Kingdom
|
+$37.4M |
| 4 |
Envestnet Asset Management
Chicago,
Illinois
|
+$33.6M |
| 5 |
Balyasny Asset Management
Chicago,
Illinois
|
+$32.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Millennium Management
New York
|
-$131M |
| 2 |
CVA
Ceredex Value Advisors
Orlando,
Florida
|
-$86.3M |
| 3 |
Holocene Advisors
New York
|
-$57.5M |
| 4 |
Citadel Advisors
Miami,
Florida
|
-$42.1M |
| 5 |
BlackRock
New York
|
-$37M |
TOL Hedge Fund Activity: Q1 2023 in Review
447 of the 6,275 institutional investors tracked by Wall St. Rank reported a position in Toll Brothers (TOL) for Q1 2023, worth a combined $6B — down 10% from $6.7B a quarter earlier.
Buyers outnumbered sellers: 75 funds opened new TOL positions and 46 closed out — a net gain of 29 holders — while 163 added to existing stakes and 142 trimmed.
The largest buyer was Pacer Advisors, adding an estimated $55M. The largest seller was Millennium Management, cutting an estimated $131M.
- 447 institutional investors held Toll Brothers (TOL) as of Q1 2023, up from 427 in Q4 2022.
- Funds reported $6B of Toll Brothers stock for Q1 2023, down 10% quarter-over-quarter.
- 75 funds opened new Toll Brothers positions in Q1 2023 and 46 closed out, a net change of +29 holders.
- The largest Toll Brothers buyer in Q1 2023 was Pacer Advisors, an estimated $55M added.
- The largest Toll Brothers seller in Q1 2023 was Millennium Management, an estimated $131M sold.
Based on aggregated 13F filings for Q1 2023.