Toll Brothers
575 hedge funds and large institutions have $9.8B invested in Toll Brothers in 2023 Q4 according to their latest regulatory filings, with 118 funds opening new positions, 179 increasing their positions, 217 reducing their positions, and 50 closing their positions.
136% more first-time investments, than exits
New positions opened: 118 | Existing positions closed: 50
20% more funds holding in top 10
Funds holding in top 10: 5 → 6 (+1)
11% more funds holding
Funds holding: 516 → 575 (+59)
1.3% less ownership
Funds ownership: 93.21% → 91.91% (-1.3%)
18% less repeat investments, than reductions
Existing positions increased: 179 | Existing positions reduced: 217
38% less capital inflows, than outflows
Capital inflows: $551M | Capital outflows: $894M
41% less call options, than puts
Call options by funds: $180M | Put options by funds: $305M
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Man Group
London,
United Kingdom
|
+$38.7M |
| 2 |
Marsico Capital Management
Denver,
Colorado
|
+$37.7M |
| 3 |
Allianz Asset Management
Munich,
Germany
|
+$31M |
| 4 |
Bank of America
Charlotte,
North Carolina
|
+$27M |
| 5 |
Wealth Enhancement Advisory Services
Plymouth,
Minnesota
|
+$23.3M |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
BlackRock
New York
|
-$162M |
| 2 |
Acadian Asset Management
Boston,
Massachusetts
|
-$60.1M |
| 3 |
Millennium Management
New York
|
-$50M |
| 4 |
Holocene Advisors
New York
|
-$48.1M |
| 5 |
Massachusetts Financial Services
Boston,
Massachusetts
|
-$46.6M |
TOL Hedge Fund Activity: Q4 2023 in Review
575 of the 6,877 institutional investors tracked by Wall St. Rank reported a position in Toll Brothers (TOL) for Q4 2023, worth a combined $9.8B — up 32% from $7.45B a quarter earlier.
Buyers outnumbered sellers: 118 funds opened new TOL positions and 50 closed out — a net gain of 68 holders — while 179 added to existing stakes and 217 trimmed.
The largest buyer was Man Group, opening a new position worth an estimated $38.7M. The largest seller was BlackRock, cutting an estimated $162M.
- 575 institutional investors held Toll Brothers (TOL) as of Q4 2023, up from 516 in Q3 2023.
- Funds reported $9.8B of Toll Brothers stock for Q4 2023, up 32% quarter-over-quarter.
- 118 funds opened new Toll Brothers positions in Q4 2023 and 50 closed out, a net change of +68 holders.
- The largest Toll Brothers buyer in Q4 2023 was Man Group, an estimated $38.7M added.
- The largest Toll Brothers seller in Q4 2023 was BlackRock, an estimated $162M sold.
Based on aggregated 13F filings for Q4 2023.