Meritage Homes

MTH • NYSE

Meritage Homes is a residential construction company in the consumer cyclical sector on NYSE, led by Phillipe Lord, with a market cap of $5.1B. As of Q3 2025, 98% of shares are held by 403 institutional investors, with BlackRock, Inc. as the largest holder at 16.8%.

Chief Executive OfficerPhillipe Lord

Market Cap$5.1B

Residential Construction

Consumer Cyclical

Employees1.8K

Websitemeritagehomes.com

Country

United States of America

Overview

Overview of institutional ownership in MTH as of Q3 2025 with a market cap of $5.2B

All Institutions

Institutions: 403
Value Held: $5.1B
Shares Held: 69.7M
Avg Position: $12.5M
Median Position: $758.3K

Hedge Funds

Hedge Funds: 53
Value Held: $512.2M
Shares Held: 7.1M
Avg Position: $9.7M
Median Position: $2.0M

Ownership Breakdown

Institutional (non-HF)

88.06%

$4.5B

Hedge Funds

9.94%

$512.2M

Retail & Other

2.0%

$103.3M

Based on market cap of $5.2B as of Q3 2025. Institutional (non-HF) excludes hedge funds to avoid double counting.

Biggest Investors

Institutions with the largest positions in MTH as of Q3 2025

Institution	Key People	Position Value	Ownership	Owned Since	Total AUM (Long)
B BlackRock, Inc. Institution	-	$866.0M 0.02% of portfolio	16.80% 12.0M shares	≤ Q2 2013 Held for 12y 5m+	$5.67T
VANGUARD GROUP INC Institution	Salim Ramji CEO	$569.1M 0.01% of portfolio	11.04% 7.9M shares	≤ Q2 2013 Held for 12y 5m+	$6.69T
STATE STREET CORP Institution	Ronald P. O'Hanley CEO	$259.0M 0.01% of portfolio	5.03% 3.6M shares	≤ Q2 2013 Held for 12y 5m+	$2.88T
FMR LLC Institution	-	$244.9M 0.01% of portfolio	4.75% 3.4M shares	Q4 2014 Held for 10y 11m	$1.92T
DIMENSIONAL FUND ADVISORS LP Long Only Manager	David Paul Butler CEO	$209.0M 0.04% of portfolio	4.06% 2.9M shares	≤ Q2 2013 Held for 12y 5m+	$466.32B
C Capital World Investors Institution	-	$144.0M 0.02% of portfolio	2.79% 2.0M shares	Q4 2022 Held for 2y 11m	$730.00B
MORGAN STANLEY RIA/Wealth	Jed Finn CEO	$143.7M 0.01% of portfolio	2.79% 2.0M shares	≤ Q2 2013 Held for 12y 5m+	$1.65T
GEODE CAPITAL MANAGEMENT LLC ETF Provider	David Kenneth Lane CEO	$124.1M 0.01% of portfolio	2.41% 1.7M shares	≤ Q2 2013 Held for 12y 5m+	$1.57T
GOLDMAN SACHS GROUP INC Institution	David M. Solomon CEO	$115.9M 0.02% of portfolio	2.25% 1.6M shares	≤ Q2 2013 Held for 12y 5m+	$691.34B
EARNEST PARTNERS LLC Long Only Manager	Paul Ernest Viera CEO	$106.4M 0.46% of portfolio	2.06% 1.5M shares	Q4 2013 Held for 11y 11m	$23.1B

Net Capital Flow

Institutional buying and selling activity for MTH in Q3 2025

Traded: +$92.2M
Buyers: 208
Sellers: 186
Total Bought: +$674.6M
Total Sold: −$582.3M
Avg Position: $11.3M

Biggest Buyers

Institution	Net Bought	Current Position
FMR LLC Institution	+$213.7M +3.0M shares	$244.9M 3.4M shares
B BlackRock, Inc. Institution	+$49.0M +676.3K shares	$866.0M 12.0M shares
C Capital World Investors Institution	+$44.2M +609.9K shares	$144.0M 2.0M shares
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Long Only Manager	+$37.5M +517.4K shares	$37.5M 517.4K shares
DRIEHAUS CAPITAL MANAGEMENT LLC Hedge Fund•Event Driven	+$26.2M +362.3K shares	$26.2M 362.3K shares
L Lodge Hill Capital, LLC Hedge Fund•Long/Short	+$21.7M +300.0K shares	$21.7M 300.0K shares
S Standard Life Aberdeen plc Institution	+$18.9M +260.5K shares	$18.9M 260.5K shares
T T. Rowe Price Investment Management, Inc. Insurance Manager	+$18.9M +260.5K shares	$58.0M 801.4K shares
N Nuveen, LLC Institution	+$18.9M +260.3K shares	$32.0M 442.3K shares
BARCLAYS PLC Institution	+$14.3M +197.2K shares	$44.2M 610.6K shares

Biggest Sellers

Institution	Net Sold	Current Position
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	−$86.8M −1.2M shares	$37.1M 511.9K shares
UBS Group AG Institution	−$50.8M −700.8K shares	$23.2M 319.7K shares
HENNESSY ADVISORS INC Institution	−$30.8M −460.3K shares	Sold Off 0 shares
BANK OF AMERICA CORP /DE/ Institution	−$30.3M −417.9K shares	$56.0M 772.6K shares
BALYASNY ASSET MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$21.5M −296.5K shares	$81.6M 1.1M shares
TWO SIGMA INVESTMENTS LLC Hedge Fund•Multi-Strategy	−$21.2M −292.4K shares	$8.7M 119.9K shares
FRANKLIN RESOURCES INC Institution	−$20.4M −282.3K shares	$18.4M 253.8K shares
Point72 Asset Management, L.P. Hedge Fund•Multi-Strategy	−$19.1M −263.9K shares	$3.0M 41.8K shares
MILLENNIUM MANAGEMENT LLC Hedge Fund•Multi-Strategy	−$18.9M −261.4K shares	$38.4M 529.8K shares
Long Pond Capital, LP Hedge Fund•Long/Short	−$16.8M −231.8K shares	$3.4M 46.5K shares

Entry and Exit Activity

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

New Positions: 22
New Value: $48.1M
Exited Positions: 44
Exited Value: $77.9M

New Positions

Institution	Position Value
L Lodge Hill Capital, LLC Hedge Fund•Long/Short	$21.7M 300.0K shares
C Capitolis Liquid Global Markets LLC Private Equity	$10.5M 145.4K shares
SILVERCREST ASSET MANAGEMENT GROUP LLC RIA/Wealth	$4.6M 63.1K shares
Levin Easterly Partners LLC Long Only Manager	$4.6M 62.8K shares
DLD Asset Management, LP Hedge Fund•Multi-Strategy	$1.8M 25.5K shares
E Entropy Technologies, LP Hedge Fund•Quant Macro	$1.3M 18.2K shares
Paradiem, LLC RIA/Wealth	$968.8K 13.4K shares
F Farringdon Capital, Ltd. Institution	$575.7K 7.9K shares
ARMISTICE CAPITAL, LLC Hedge Fund•Long/Short	$415.7K 5.7K shares
A AXQ CAPITAL, LP Hedge Fund•Market Neutral	$378.2K 5.2K shares

Exited Positions

Institution	Previous Position
HENNESSY ADVISORS INC Institution	$30.8M 460.3K shares
4D Advisors, LLC Hedge Fund•Long/Short	$7.4M 110.0K shares
E EMG Holdings, L.P. Institution	$5.3M 78.6K shares
RENAISSANCE TECHNOLOGIES LLC Hedge Fund•Quant	$4.7M 70.0K shares
T TEXAS PERMANENT SCHOOL FUND Institution	$4.0M 59.4K shares
SEGALL BRYANT & HAMILL Long Only Manager	$3.5M 52.1K shares
KENNEDY CAPITAL MANAGEMENT, INC. Long Only Manager	$2.7M 40.5K shares
P PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO Institution	$2.3M 34.4K shares
ISAM Funds Ltd Hedge Fund•Quant	$1.8M 27.2K shares
GRS Advisors, LLC Real Assets	$1.8M 26.2K shares

Options Activity

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

Call Positions: 12
Call Value: $9.1M
Put Positions: 11
Put Value: $8.5M

Call Positions

Institution	Position Value
LANDMARK INVESTMENT PARTNERS, L.P. Hedge Fund•Long/Short	$3.0M 420.0 contracts
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$2.5M 351.0 contracts
J JANE STREET GROUP, LLC Institution	$1.4M 191.0 contracts
Walleye Trading LLC RIA/Wealth	$869.2K 120.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$738.8K 102.0 contracts
TUDOR INVESTMENT CORP ET AL Hedge Fund•Multi-Strategy	$282.5K 39.0 contracts
W WOLVERINE TRADING, LLC Institution	$240.0K 33.0 contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	- - contracts
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	- - contracts
B BNP PARIBAS ARBITRAGE, SA Institution	- - contracts

Put Positions

Institution	Position Value
SUSQUEHANNA INTERNATIONAL GROUP, LLP Private Equity	$4.0M 547.0 contracts
CITADEL ADVISORS LLC Hedge Fund•Multi-Strategy	$3.3M 458.0 contracts
J JANE STREET GROUP, LLC Institution	$956.1K 132.0 contracts
Walleye Trading LLC RIA/Wealth	$144.9K 20.0 contracts
M MIZUHO MARKETS AMERICAS LLC Institution	$95.3K 1.9K contracts
Walleye Trading Advisors, LLC Hedge Fund•Multi-Strategy	$43.5K 6.0 contracts
Hudson Bay Capital Management LP Hedge Fund•Multi-Strategy	- - contracts
P PEAK6 LLC Institution	- - contracts
HBK INVESTMENTS L P Hedge Fund•Multi-Strategy	- - contracts
W WOLVERINE TRADING, LLC Institution	- - contracts

Most Committed Institutions

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

Institution	Key People	Portfolio Weight	Ownership	Owned Since	Total AUM (Long)
D DENDUR CAPITAL LP Hedge Fund•Event Driven	Malcolm Andrew Levine CIO	7.19% $64.5M	1.25% 891.0K shares	Q1 2025 Held for 8 months	$897.0M
S Sophron Capital Management L.P. Hedge Fund•Long/Short	George Michael Maslovsky CEO	6.20% $20.1M	0.39% 277.8K shares	Q4 2024 Held for 11 months	$324.6M
L Lodge Hill Capital, LLC Hedge Fund•Long/Short	Clinton Robert Murray Managing Partner	3.88% $21.7M	0.42% 300.0K shares	Q3 2025 Held for 2 months	$559.8M
1492 Capital Management LLC Long Only Manager	Joseph Anthony Frohna Managing Partner	2.05% $5.1M	0.10% 70.6K shares	Q1 2025 Held for 8 months	$249.8M
G GREENHAVEN ASSOCIATES INC Long Only Manager	Edgar Wachenheim Chairman	1.99% $105.2M	2.04% 1.5M shares	Q2 2022 Held for 3y 5m	$5.3B
B Baypointe Partners LLC Hedge Fund•Long/Short	Sean James Gambino Founder	1.54% $3.4M	0.07% 46.7K shares	Q2 2025 Held for 5 months	$218.8M
Sone Capital Management, LLC Hedge Fund•Multi-Strategy	Andrew Kyle Walker CFO	1.46% $17.4M	0.34% 240.5K shares	Q4 2024 Held for 11 months	$1.2B
S Security National Bank Institution	-	1.37% $8.9M	0.17% 123.5K shares	Q4 2023 Held for 1y 11m	$652.8M
AH Lisanti Capital Growth, LLC Long Only Manager	Mary Lisanti President	1.16% $4.8M	0.09% 65.8K shares	Q3 2025 Held for 2 months	$410.1M
SummitTX Capital, L.P. Hedge Fund•Multi-Strategy	Thomas Neilson Arbour CIO	0.93% $22.3M	0.43% 307.9K shares	Q1 2025 Held for 8 months	$2.4B

Hedge Fund Spotlight

Discover hedge funds investing in MTH

Engineers Gate Manager LP

Hedge Fund • Quant

Portfolio ManagerRobert Gregory Eisner

Portfolio Value: $8.8B
Positions: 2,112
Last Reported: Q3 2025

Sector Allocation

Position in Meritage Homes

Market Value: $711.5K
Shares Held: 9.8K
Portfolio Weight: 0.01%
Owned Since: 2023-Q3

Top Holding	Sector	Market Value	Weight
1 Invesco QQQ Trust QQQ	ETF ETF	$155.2M	1.77%
2 SPDR S&P 500 ETF Trust SPY	ETF ETF	$115.3M	1.32%
3 Sabra Healthcare SBRA	REIT - Healthcare Facilities Real Estate	$112.9M	1.29%