H&R Block

HRB • NYSE

H&R Block is a personal products & services company in the consumer cyclical sector on NYSE, led by Curtis A. Campbell, with a market cap of $5.5B. As of Q3 2025, 92% of shares are held by 535 institutional investors, with BlackRock, Inc. as the largest holder at 12.72%.

President and CEOCurtis A. Campbell

Market Cap$5.5B

Personal Products & Services

Consumer Cyclical

Employees4.0K

Websitehrblock.com

Country

United States of America

Overview

Overview of institutional ownership in HRB as of Q3 2025 with a market cap of $6.5B

All Institutions

Institutions: 535
Value Held: $5.9B
Shares Held: 119.4M
Avg Position: $11.1M
Median Position: $563.1K

Hedge Funds

Hedge Funds: 48
Value Held: $459.7M
Shares Held: 9.1M
Avg Position: $9.6M
Median Position: $1.3M

Ownership Breakdown

Institutional (non-HF)

84.63%

$5.5B

Hedge Funds

7.11%

$459.7M

Retail & Other

8.26%

$533.8M

Based on market cap of $6.5B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in HRB as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$822.7M 0.01% of portfolio	12.72% 16.3M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
FMR LLC Institution	-	$727.3M 0.04% of portfolio	11.25% 14.4M shares	≤ Q2 2013 Held for 12y 5m+	$1.92T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$690.8M 0.01% of portfolio	10.68% 13.7M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$212.1M 0.01% of portfolio	3.25% 4.2M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	Raife Brandon Giovinazzo Managing Partner	$207.0M 0.70% of portfolio	3.20% 4.1M shares	Q3 2020 Held for 5y 2m	$29.4B
Robeco Investment Management, Inc. Long Only Manager	Joseph Francis Feeney CEO	$196.5M 0.20% of portfolio	3.04% 3.9M shares	Q1 2023 Held for 2y 8m	$97.8B
LAZARD ASSET MANAGEMENT LLC Long Only Manager	Evan Lawrence Russo CEO	$162.5M 0.22% of portfolio	2.51% 3.2M shares	Q3 2015 Held for 10y 2m	$74.1B
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$149.9M 0.01% of portfolio	2.32% 3.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
NORTHERN TRUST CORP Institution	Michael G. O'Grady CEO	$139.1M 0.02% of portfolio	2.15% 2.8M shares	≤ Q2 2013 Held for 12y 5m+	$782.01B
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	David Gary Kabiller Founder	$131.0M 0.08% of portfolio	2.03% 2.6M shares	≤ Q2 2013 Held for 12y 5m+	$156.17B

Net Capital Flow

Institutional buying and selling activity for HRB in Q3 2025

Traded: −$151.1M
Buyers: 251
Sellers: 279
Total Bought: +$427.9M
Total Sold: −$579.0M
Avg Position: $9.5M

Biggest Buyers

Institution	Net Bought	Current Position
AQR CAPITAL MANAGEMENT LLC Hedge Fund•Multi-Strategy	+$49.3M +976.1K shares	$131.0M 2.6M shares
Robeco Investment Management, Inc. Long Only Manager	+$33.0M +652.7K shares	$196.5M 3.9M shares
UBS GLOBAL ASSET MANAGEMENT AMERICAS INC Long Only Manager	+$29.2M +577.2K shares	$37.9M 749.3K shares
FMR LLC Institution	+$27.0M +533.0K shares	$727.3M 14.4M shares
ARROWSTREET CAPITAL LIMITED PARTNERSHIP Hedge Fund•Quant	+$19.8M +391.7K shares	$100.7M 2.0M shares
NORTHERN TRUST CORP Institution	+$13.6M +269.6K shares	$139.1M 2.8M shares
BARCLAYS PLC Institution	+$13.2M +261.7K shares	$38.4M 759.0K shares
Woodline Partners LP Hedge Fund•Long/Short	+$13.2M +260.5K shares	$13.2M 260.5K shares
FRANKLIN RESOURCES INC Institution	+$13.2M +2.3M shares	$13.9M 2.4M shares
Engineers Gate Manager LP Hedge Fund•Quant	+$10.4M +205.2K shares	$16.0M 316.5K shares

Biggest Sellers

Institution	Net Sold	Current Position
BB&T CORP Institution	−$37.0M −732.3K shares	$4.1M 81.6K shares
Q Qube Research & Technologies Ltd Institution	−$36.0M −711.6K shares	$52.5M 1.0M shares
GOLDMAN SACHS GROUP INC Institution	−$34.7M −685.7K shares	$43.6M 862.9K shares
VOLORIDGE INVESTMENT MANAGEMENT, LLC Hedge Fund•Multi-Strategy	−$29.3M −578.7K shares	$14.4M 284.9K shares
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$22.2M −438.2K shares	$70.6M 1.4M shares
J JANE STREET GROUP, LLC Institution	−$17.9M −354.7K shares	$5.2M 102.3K shares
FULLER & THALER ASSET MANAGEMENT, INC. Long Only Manager	−$17.1M −338.8K shares	$207.0M 4.1M shares
Moran Wealth Management, LLC RIA/Wealth	−$17.0M −309.5K shares	Sold Off 0 shares
D D. E. Shaw & Co., Inc. Institution	−$15.2M −300.2K shares	$42.2M 834.3K shares
C Cubist Systematic Strategies, LLC Institution	−$14.6M −266.7K shares	Sold Off 0 shares

Entry and Exit Activity

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

New Positions: 30
New Value: $11.3M
Exited Positions: 89
Exited Value: $156.3M

New Positions

Institution	Position Value
Morningstar Investment Management LLC Long Only Manager	$5.2M 103.6K shares
F Freestone Grove Partners LP Hedge Fund•Multi-Strategy	$1.2M 23.0K shares
GenTrust, LLC RIA/Wealth	$880.9K 17.4K shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	$733.6K 14.5K shares
Semanteon Capital Management, LP Hedge Fund•Long/Short	$563.1K 11.1K shares
D denkapparat Operations GmbH Institution	$495.3K 9.8K shares
Krilogy Financial LLC RIA/Wealth	$404.2K 8.0K shares
D DRW Securities, LLC Institution	$386.7K 7.6K shares
P PharVision Advisers, LLC Hedge Fund•Long/Short	$342.6K 6.8K shares
Scientech Research LLC Hedge Fund•Market Neutral	$312.3K 6.2K shares

Exited Positions

Institution	Previous Position
Moran Wealth Management, LLC RIA/Wealth	$17.0M 309.5K shares
C Cubist Systematic Strategies, LLC Institution	$14.6M 266.7K shares
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$12.3M 224.4K shares
TWO SIGMA ADVISERS, LLC Hedge Fund•Multi-Strategy	$8.4M 152.8K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	$8.2M 149.9K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	$8.1M 147.8K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$6.9M 126.4K shares
T TWINBEECH CAPITAL LP Hedge Fund•Quant	$6.0M 108.6K shares
S Skandinaviska Enskilda Banken AB Institution	$6.0M 108.5K shares
A Allianz Asset Management AG Institution	$5.4M 98.1K shares

Options Activity

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

Call Positions: 10
Call Value: $10.5M
Put Positions: 9
Put Value: $8.9M

Call Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$1.9M 376.0 contracts
Walleye Trading LLC RIA/Wealth	$1.8M 358.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$1.7M 340.0 contracts
W WOLVERINE TRADING, LLC Institution	$1.4M 281.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$996.2K 197.0 contracts
T Twin Tree Management, LP Hedge Fund•Vol Arbitrage	$793.9K 157.0 contracts
S Squarepoint Ops LLC Hedge Fund•Quant	$662.5K 131.0 contracts
P PEAK6 LLC Institution	$551.2K 109.0 contracts
J JANE STREET GROUP, LLC Institution	$480.4K 95.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$187.1K 37.0 contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.6M 522.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$2.2M 438.0 contracts
CAPITAL FUND MANAGEMENT S.A. Hedge Fund•Quant Macro	$1.4M 272.0 contracts
Walleye Trading LLC RIA/Wealth	$925.4K 183.0 contracts
W WOLVERINE TRADING, LLC Institution	$723.6K 143.0 contracts
C CREDIT INDUSTRIEL ET COMMERCIAL Institution	$536.0K 106.0 contracts
J JANE STREET GROUP, LLC Institution	$338.8K 67.0 contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$101.1K 20.0 contracts
A Arrowpoint Investment Partners Pte. Ltd. Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
P Prevatt Capital Ltd Long Only Manager	Jonathan Israel Tepper CIO	6.02% $17.7M	0.27% 350.0K shares	Q4 2023 Held for 1y 11m	$294.2M
Round Hill Asset Management RIA/Wealth	Channing Turner Lushbough President	1.82% $2.8M	0.04% 55.5K shares	Q4 2016 Held for 8y 11m	$154.6M
Rings Capital Management LLC Hedge Fund•Value	Dan Juran Managing Partner	1.26% $2.7M	0.04% 53.0K shares	Q3 2020 Held for 5y 2m	$213.0M
Kennondale Capital Management LLC RIA/Wealth	Andrew Slay Managing Partner	1.13% $1.5M	0.02% 29.3K shares	Q4 2024 Held for 11 months	$130.6M
Aurora Investment Counsel RIA/Wealth	David John Yucius President	1.04% $2.0M	0.03% 38.6K shares	Q4 2024 Held for 11 months	$188.5M
Optimist Retirement Group LLC RIA/Wealth	Graham Patrick Williams Managing Partner	0.95% $2.1M	0.03% 41.8K shares	Q4 2023 Held for 1y 11m	$221.3M
TEALWOOD ASSET MANAGEMENT INC RIA/Wealth	Stephen Peet Moseley CEO	0.95% $2.3M	0.04% 45.0K shares	Q1 2024 Held for 1y 8m	$239.3M
C Cunning Capital Partners, LP Hedge Fund•Long/Short	David Russell Cunningham Managing Partner	0.90% $1.9M	0.03% 37.4K shares	Q2 2022 Held for 3y 5m	$210.4M
M MILLER HOWARD INVESTMENTS INC /NY Long Only Manager	Luan Elizabeth Jenifer CEO	0.87% $28.3M	0.44% 560.1K shares	Q1 2025 Held for 8 months	$3.3B
Kendall Capital Management RIA/Wealth	Clark Alan Kendall CEO	0.74% $3.3M	0.05% 65.2K shares	Q2 2023 Held for 2y 5m	$443.6M

Hedge Fund Spotlight

Discover hedge funds investing in HRB

PANAGORA ASSET MANAGEMENT INC

Hedge Fund • Quant

Portfolio ManagerBryan David Belton

Portfolio Value: $24.8B
Positions: 1,146
Last Reported: Q3 2025

Sector Allocation

Position in H&R Block

Market Value: $7.6M
Shares Held: 150.3K
Portfolio Weight: 0.03%
Owned Since: 2025-Q1

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