D.R. Horton

DHI • NYSE

D.R. Horton is a residential construction company in the consumer cyclical sector on NYSE, led by Paul J. Romanowski, with a market cap of $46.9B. As of Q3 2025, 84% of shares are held by 1,182 institutional investors, with VANGUARD GROUP INC as the largest holder at 11.08%.

CEOPaul J. Romanowski

Market Cap$46.9B

Residential Construction

Consumer Cyclical

Employees13.5K

Websitedrhorton.com

Country

United States of America

Overview

Overview of institutional ownership in DHI as of Q3 2025 with a market cap of $50.5B

All Institutions

Institutions: 1,182
Value Held: $42.7B
Shares Held: 251.9M
Avg Position: $36.1M
Median Position: $1.0M

Hedge Funds

Hedge Funds: 72
Value Held: $1.1B
Shares Held: 6.8M
Avg Position: $15.9M
Median Position: $1.8M

Ownership Breakdown

Institutional (non-HF)

82.16%

$41.5B

Hedge Funds

2.27%

$1.1B

Retail & Other

15.58%

$7.9B

Based on market cap of $50.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in DHI as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
VANGUARD GROUP INC Institution	Salim Ramji CEO	$5.6B 0.08% of portfolio	11.08% 33.0M shares	≤ Q2 2013 Held for 12y 6m+	$6.69T
C Capital World Investors Institution	-	$5.1B 0.70% of portfolio	10.15% 30.3M shares	≤ Q2 2013 Held for 12y 6m+	$730.00B
BlackRock, Inc. Institution	Laurence D. Fink CEO	$5.0B 0.09% of portfolio	9.92% 29.6M shares	≤ Q2 2013 Held for 12y 6m+	$5.67T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$2.1B 0.07% of portfolio	4.12% 12.3M shares	≤ Q2 2013 Held for 12y 6m+	$2.88T
JPMORGAN CHASE & CO Institution	Jamie Dimon CEO	$1.8B 0.11% of portfolio	3.53% 10.5M shares	≤ Q2 2013 Held for 12y 6m+	$1.56T
FMR LLC Institution	-	$1.5B 0.08% of portfolio	2.93% 8.7M shares	≤ Q2 2013 Held for 12y 6m+	$1.92T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$1.2B 0.08% of portfolio	2.44% 7.3M shares	≤ Q2 2013 Held for 12y 6m+	$1.57T
Capital Research Global Investors RIA/Wealth	Maria Alejandra Herrera CIO	$785.3M 0.15% of portfolio	1.55% 4.6M shares	Q1 2020 Held for 5y 9m	$532.36B
G GREENHAVEN ASSOCIATES INC Long Only Manager	Edgar Wachenheim Chairman	$616.5M 11.66% of portfolio	1.22% 3.6M shares	Q4 2014 Held for 11 years	$5.3B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$613.0M 0.04% of portfolio	1.21% 3.6M shares	≤ Q2 2013 Held for 12y 6m+	$1.65T

Net Capital Flow

Institutional buying and selling activity for DHI in Q3 2025

Traded: +$2.0B
Buyers: 668
Sellers: 465
Total Bought: +$6.9B
Total Sold: −$4.9B
Avg Position: $33.2M

Biggest Buyers

Institution	Net Bought	Current Position
C Capital World Investors Institution	+$3.2B +18.6M shares	$5.1B 30.3M shares
FMR LLC Institution	+$755.8M +4.5M shares	$1.5B 8.7M shares
C Capital International Investors Institution	+$395.2M +2.3M shares	$395.2M 2.3M shares
Robeco Investment Management, Inc. Long Only Manager	+$274.8M +1.6M shares	$274.8M 1.6M shares
Holocene Advisors, LP Hedge Fund•Long/Short	+$166.3M +981.6K shares	$166.3M 981.6K shares
GOLDMAN SACHS GROUP INC Institution	+$145.5M +858.4K shares	$513.7M 3.0M shares
T TD ASSET MANAGEMENT INC Institution	+$134.0M +790.5K shares	$151.4M 893.2K shares
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$126.4M +749.7K shares	$307.4M 1.8M shares
Invesco Ltd. ETF Provider	+$87.7M +517.8K shares	$571.5M 3.4M shares
R ROYAL BANK OF CANADA Institution	+$83.6M +493.4K shares	$178.0M 1.1M shares

Biggest Sellers

Institution	Net Sold	Current Position
Capital Research Global Investors RIA/Wealth	−$459.8M −2.7M shares	$785.3M 4.6M shares
VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short	−$364.5M −2.8M shares	Sold Off 0 shares
Q Qube Research & Technologies Ltd Institution	−$267.4M −2.1M shares	Sold Off 0 shares
A Amundi Institution	−$228.2M −1.3M shares	$107.6M 627.7K shares
D D1 Capital Partners L.P. Hedge Fund•Long/Short	−$198.5M −1.5M shares	Sold Off 0 shares
BERKSHIRE HATHAWAY INC Institution	−$191.5M −1.5M shares	Sold Off 0 shares
Allspring Global Investments Holdings, LLC Long Only Manager	−$155.0M −898.8K shares	$332.6M 1.9M shares
PARNASSUS INVESTMENTS /CA Long Only Manager	−$153.2M −903.7K shares	$65.8M 388.3K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	−$146.9M −1.1M shares	Sold Off 0 shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$139.2M −821.5K shares	$52.3M 308.6K shares

Entry and Exit Activity

Institutions that initiated new positions or completely exited DHI in Q3 2025

New Positions: 82
New Value: $87.3M
Exited Positions: 104
Exited Value: $1.9B

New Positions

Institution	Position Value
Trinity Street Asset Management LLP Hedge Fund•Long/Short	$25.1M 148.3K shares
D Dilation Capital Management LP Long Only Manager	$13.4M 79.0K shares
T TB Alternative Assets Ltd. Hedge Fund•Value	$11.6M 68.3K shares
Atika Capital Management LLC Hedge Fund•Long/Short	$7.5M 44.0K shares
Peregrine Asset Advisers, Inc. RIA/Wealth	$4.3M 25.4K shares
G Gallo Partners, LP Hedge Fund•Sector	$2.4M 14.1K shares
RoundAngle Advisors LLC RIA/Wealth	$1.7M 10.0K shares
Capital Advisory Group Advisory Services, LLC RIA/Wealth	$1.5M 8.7K shares
VestGen Advisors, LLC RIA/Wealth	$1.2M 7.3K shares
S Sunpointe, LLC Institution	$1.2M 7.2K shares

Exited Positions

Institution	Previous Position
VIKING GLOBAL INVESTORS LP Hedge Fund•Long/Short	$364.5M 2.8M shares
Q Qube Research & Technologies Ltd Institution	$267.4M 2.1M shares
D D1 Capital Partners L.P. Hedge Fund•Long/Short	$198.5M 1.5M shares
BERKSHIRE HATHAWAY INC Institution	$191.5M 1.5M shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$146.9M 1.1M shares
Long Pond Capital, LP Hedge Fund•Long/Short	$96.0M 744.6K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	$91.5M 709.8K shares
Marshall Wace LLP Institution	$89.6M 695.2K shares
WORLDQUANT MILLENNIUM QUANTITATIVE STRATEGIES LLC Hedge Fund•Multi-Strategy	$72.3M 560.5K shares
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$34.1M 264.3K shares

Options Activity

Institutions with the largest Call and Put options positions in DHI as of Q3 2025

Call Positions: 37
Call Value: $785.3M
Put Positions: 33
Put Value: $574.8M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$181.9M 10.7K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$136.8M 8.1K contracts
BlackRock, Inc. Institution	$84.2M 5.0K contracts
J JANE STREET GROUP, LLC Institution	$71.5M 4.2K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$57.4M 3.4K contracts
W WOLVERINE TRADING, LLC Institution	$38.4M 2.3K contracts
P PEAK6 LLC Institution	$34.9M 2.1K contracts
Holocene Advisors, LP Hedge Fund•Long/Short	$30.5M 1.8K contracts
S SCOPUS ASSET MANAGEMENT, L.P. Hedge Fund•Long/Short	$25.4M 1.5K contracts
Walleye Trading LLC RIA/Wealth	$25.4M 1.5K contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$138.4M 8.2K contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$79.7M 4.7K contracts
J JANE STREET GROUP, LLC Institution	$62.9M 3.7K contracts
CITIGROUP INC Institution	$49.8M 2.9K contracts
W WOLVERINE TRADING, LLC Institution	$35.6M 2.1K contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$28.9M 1.7K contracts
Walleye Trading LLC RIA/Wealth	$24.8M 1.5K contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$24.3M 1.4K contracts
N NOMURA HOLDINGS INC Institution	$18.2M 1.1K contracts
BARCLAYS PLC Institution	$17.6M 1.0K contracts

Most Committed Institutions

Institutions with DHI as the highest % of their portfolio as of Q3 2025

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
G GREENHAVEN ASSOCIATES INC Long Only Manager	Edgar Wachenheim Chairman	11.66% $616.5M	1.22% 3.6M shares	Q4 2014 Held for 11 years	$5.3B
swisspartners Advisors Ltd RIA/Wealth	Dominique Joerg Spillmann CEO	11.38% $13.8M	0.03% 81.5K shares	Q2 2021 Held for 4y 6m	$121.7M
BloombergSen Inc. Institution	Jack "Nmn" Tabacinic CEO	9.22% $108.7M	0.22% 641.1K shares	Q1 2021 Held for 4y 9m	$1.2B
Two Point Capital Management, Inc. RIA/Wealth	John Bryan Mcgowan CEO	9.07% $22.6M	0.04% 133.1K shares	Q2 2025 Held for 6 months	$248.7M
Mountain Lake Investment Management LLC Hedge Fund•Value	Philip Charles Mittleman CEO	7.76% $10.4M	0.02% 61.5K shares	Q2 2025 Held for 6 months	$134.3M
D Dilation Capital Management LP Long Only Manager	Brian Lee Eizenstat Managing Partner	6.64% $13.4M	0.03% 79.0K shares	Q3 2025 Held for 3 months	$201.8M
Horiko Capital Management LLC Hedge Fund•Long/Short	Hideji Horiko Managing Partner	6.38% $26.9M	0.05% 158.8K shares	Q2 2020 Held for 5y 6m	$421.8M
O'Neil Global Advisors, Inc. Hedge Fund•Multi-Strategy	Steven Lawrence Birch CEO	6.27% $32.0M	0.06% 188.9K shares	Q3 2025 Held for 3 months	$510.4M
Smead Capital Management, Inc. Long Only Manager	Cole W. Smead CEO	6.02% $311.7M	0.62% 1.8M shares	Q1 2020 Held for 5y 9m	$5.2B
B Baypointe Partners LLC Hedge Fund•Long/Short	Sean James Gambino Founder	4.52% $9.9M	0.02% 58.3K shares	Q2 2025 Held for 6 months	$218.8M

Hedge Fund Spotlight

Discover hedge funds investing in DHI

O'Neil Global Advisors, Inc.

Hedge Fund • Multi-Strategy

Portfolio ManagerSteven Lawrence Birch

Portfolio Value: $510.4M
Positions: 55
Last Reported: Q3 2025

Sector Allocation

Position in D.R. Horton

Market Value: $32.0M
Shares Held: 188.9K
Portfolio Weight: 6.27%
Owned Since: 2025-Q3

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