D R HORTON INC DHI
COM · Common Stock · CUSIP 23331A109 · ISIN US23331A1097
U.S, homebuilding company
- SectorIndustrials
- IndustryOperative Builders
- HeadquartersArlington, TX
- Founded1978
- Websitedrhorton.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($74.7m this quarter). Holder counts are more reliable. Shares outstanding: 326.0m as of 2024-07-18, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $140.90. Options: 37 managers hold calls ($400.9m notional), 33 hold puts ($401.5m).
Trends to Q2 2024
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 826 |
| Q4 2022 | 866 |
| Q1 2023 | 873 |
| Q2 2023 | 938 |
| Q3 2023 | 956 |
| Q4 2023 | 1,069 |
| Q1 2024 | 1,100 |
| Q2 2024 | 1,081 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q4 2022 | 361 | 447 |
| Q1 2023 | 379 | 444 |
| Q2 2023 | 406 | 457 |
| Q3 2023 | 451 | 448 |
| Q4 2023 | 501 | 466 |
| Q1 2024 | 497 | 534 |
| Q2 2024 | 528 | 498 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $388.4m | $455.1m | 1.17 |
| Q4 2023 | $556.6m | $738.7m | 1.33 |
| Q1 2024 | $645.8m | $593.2m | 0.92 |
| Q2 2024 | $400.9m | $401.5m | 1.00 |
Biggest buyers
| BlackRock Inc. | Added | +991.2k |
| Assenagon Asset Management S.A. | Added | +987.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +879.2k |
| JPMORGAN CHASE & CO | Added | +607.2k |
| PRINCIPAL FINANCIAL GROUP INC | Added | +561.3k |
| TWO SIGMA INVESTMENTS, LP | Added | +529.3k |
| Long Pond Capital, LP | Added | +509.3k |
| D. E. Shaw & Co., Inc. | Added | +416.3k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC | Added | +373.3k |
| BANQUE PICTET & CIE SA | Added | +344.7k |
Biggest sellers
| MORGAN STANLEY | Reduced | -6.4m |
| GQG Partners LLC | Sold out | -3.7m |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -1.5m |
| Capital World Investors | Reduced | -1.4m |
| Capital International Investors | Reduced | -809.6k |
| GOLDMAN SACHS GROUP INC | Reduced | -715.0k |
| Qube Research & Technologies Ltd | Reduced | -572.8k |
| Allianz Asset Management GmbH | Reduced | -544.1k |
| NATIONAL BANK OF CANADA /FI/ | Reduced | -380.9k |
| PANAGORA ASSET MANAGEMENT INC | Reduced | -326.4k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $94.6m671.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $93.8m665.5k shares |
| Long Pond Capital, LP | New | $22.5m160.0k shares |
| SIMPLEX TRADING, LLC | Reduced | $22.4m158.8k shares |
| IMC-Chicago, LLC | Reduced | $16.9m120.0k shares |
| MILLENNIUM MANAGEMENT LLC | Added | $16.7m118.3k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $15.7m111.3k shares |
| Calamos Advisors LLC | Added | $13.4m81.3k shares |
| JANE STREET GROUP, LLC | Reduced | $9.4m66.9k shares |
| Walleye Trading LLC | Added | $9.4m66.8k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $116.7m828.1k shares |
| CITADEL ADVISORS LLC | Added | $61.1m433.6k shares |
| GOLDMAN SACHS GROUP INC | New | $26.0m184.7k shares |
| CAPITAL FUND MANAGEMENT S.A. | Reduced | $25.0m177.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $22.9m162.6k shares |
| IMC-Chicago, LLC | Added | $20.4m144.6k shares |
| BNP PARIBAS FINANCIAL MARKETS | Reduced | $19.1m1.4k shares |
| JANE STREET GROUP, LLC | Added | $17.8m126.3k shares |
| Squarepoint Ops LLC | Reduced | $16.3m115.8k shares |
| WOLVERINE TRADING, LLC | Added | $13.7m97.2k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| Capital World Investors 13G · institution +2.6 pts · filed 2026-02-13 | 12.8% |
| Horton Family Limited Partnership 13G · passive investor -0.1 pts · filed 2026-08-10 | 8.2% |
| BlackRock, Inc. 13G · institution -1.2 pts · filed 2026-07-27 | 7.8% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 6.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q2 2024
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q3 2022 | 0 | — | 2 | $696.9k | — |
| Q4 2022 | 0 | — | 4 | $3.0m | — |
| Q1 2023 | 0 | — | 2 | $393.3k | — |
| Q2 2023 | 0 | — | 4 | $14.7m | — |
| Q3 2023 | 0 | — | 1 | $208.2k | — |
| Q4 2023 | 0 | — | 3 | $1.8m | — |
| Q1 2024 | 0 | — | 2 | $4.3m | — |
| Q2 2024 | 0 | — | 3 | $373.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-05-06 | BUCHANAN MICHAEL R Director | Sold | $301.4k2.0k shares |
| 2024-05-03 | Murray Michael J EVP and COO | Sold | $17.9k120 shares |
| 2024-04-23 | Allen Barbara K Director | Sold | $53.9k363 shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2024
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.09% of their portfolio | 34.6m $4.9bn | Reduced -246.5k |
| BlackRock Inc. 0.11% of their portfolio | 34.1m $4.8bn | Added +991.2k |
| JPMORGAN CHASE & CO 0.14% of their portfolio | 23.6m $3.3bn | Added +607.2k |
| STATE STREET CORP 0.08% of their portfolio | 13.2m $1.9bn | Reduced -276.9k |
| Capital World Investors 0.30% of their portfolio | 13.1m $1.8bn | Reduced -1.4m |
| Capital Research Global Investors 0.35% of their portfolio | 11.5m $1.6bn | Added +172.6k |
| BANK OF AMERICA CORP /DE/ 0.12% of their portfolio | 8.7m $1.2bn | Added +236.6k |
| GEODE CAPITAL MANAGEMENT, LLC 0.09% of their portfolio | 7.1m $996.8m | Added +145.0k |
| FMR LLC 0.05% of their portfolio | 5.5m $770.0m | Reduced -14.1k |
| PARNASSUS INVESTMENTS, LLC 1.35% of their portfolio | 4.4m $621.4m | Reduced -15.4k |
| DIMENSIONAL FUND ADVISORS LP 0.15% of their portfolio | 4.2m $588.8m | Reduced -8.1k |
| NORGES BANK 0.08% of their portfolio | 3.8m $539.5m | Added +204.4k |
| MORGAN STANLEY 0.04% of their portfolio | 3.7m $521.8m | Reduced -6.4m |
| GREENHAVEN ASSOCIATES INC 6.80% of their portfolio | 3.7m $517.2m | Added +81.9k |
| NORTHERN TRUST CORP 0.07% of their portfolio | 3.0m $429.8m | Reduced -95.1k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.31% of their portfolio | 2.5m $347.0m | Reduced -194.2k |
| Invesco Ltd. 0.07% of their portfolio | 2.5m $346.8m | Reduced -50.2k |
| Smead Capital Management, Inc. 5.35% of their portfolio | 2.4m $342.7m | Added +127.5k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.37% of their portfolio | 2.4m $337.2m | Added +324.6k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.10% of their portfolio | 2.4m $334.6m | Added +879.2k |
| GOLDMAN SACHS GROUP INC 0.06% of their portfolio | 2.3m $331.0m | Reduced -715.0k |
| MARSHALL WACE, LLP 0.47% of their portfolio | 2.3m $329.2m | Reduced -120.6k |
| FRANKLIN RESOURCES INC 0.10% of their portfolio | 2.2m $310.0m | Reduced -152.7k |
| Legal & General Group Plc 0.08% of their portfolio | 2.1m $299.8m | Reduced -98.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.05% of their portfolio | 2.1m $293.7m | Reduced -1.5m |
| EARNEST PARTNERS LLC 1.36% of their portfolio | 2.1m $290.9m | Added +9.1k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 2.0m $288.2m | Reduced -68.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.05% of their portfolio | 2.0m $281.6m | Added +45.7k |
| FIRST TRUST ADVISORS LP 0.26% of their portfolio | 1.8m $257.0m | Added +228.6k |
| Nuveen Asset Management, LLC 0.07% of their portfolio | 1.7m $234.6m | Added +173.6k |
| PRINCIPAL FINANCIAL GROUP INC 0.14% of their portfolio | 1.7m $233.5m | Added +561.3k |
| NEUBERGER BERMAN GROUP LLC 0.19% of their portfolio | 1.6m $229.1m | Added +2.1k |
| Holocene Advisors, LP 0.79% of their portfolio | 1.3m $189.9m | Added +145.6k |
| DEUTSCHE BANK AG\ 0.09% of their portfolio | 1.3m $189.6m | Added +294.9k |
| AMERIPRISE FINANCIAL INC 0.05% of their portfolio | 1.3m $186.0m | Reduced -48.4k |
| MILLENNIUM MANAGEMENT LLC 0.14% of their portfolio | 1.2m $174.8m | Added +132.9k |
| Long Pond Capital, LP 8.91% of their portfolio | 1.2m $164.8m | Added +509.3k |
| Caisse de depot et placement du Quebec 0.39% of their portfolio | 1.1m $161.0m | Added +78.5k |
| National Pension Service 0.17% of their portfolio | 1.0m $147.4m | Added +18.0k |
| Assenagon Asset Management S.A. 0.37% of their portfolio | 1.0m $147.1m | Added +987.8k |
| HSBC HOLDINGS PLC 0.09% of their portfolio | 1.0m $143.7m | Added +35.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.05% of their portfolio | 1.0m $143.3m | Added +63.8k |
| WELLS FARGO & COMPANY/MN 0.03% of their portfolio | 918.7k $129.5m | Added +44.8k |
| Swiss National Bank 0.09% of their portfolio | 884.2k $124.6m | Reduced -13.8k |
| BARCLAYS PLC 0.06% of their portfolio | 877.8k $123.7m | Reduced -156.8k |
| APG Asset Management N.V. 0.20% of their portfolio | 844.3k $111.0m | Reduced -39.1k |
| EVENTIDE ASSET MANAGEMENT, LLC 2.01% of their portfolio | 833.5k $117.5m | Added +45.5k |
| SEI INVESTMENTS CO 0.16% of their portfolio | 825.8k $116.4m | Added +30.5k |
| Brave Warrior Advisors, LLC 2.52% of their portfolio | 805.9k $113.6m | Reduced -4.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.08% of their portfolio | 752.8k $106.1m | Reduced -50.9k |
| UBS Group AG 0.03% of their portfolio | 739.6k $104.2m | Added +36.1k |
| Amundi 0.04% of their portfolio | 738.3k $100.4m | Reduced -64.0k |
| RHUMBLINE ADVISERS 0.09% of their portfolio | 698.0k $98.4m | Reduced -22.4k |
| Zurcher Kantonalbank (Zurich Cantonalbank) 0.31% of their portfolio | 678.1k $95.6m | Added +133.1k |
| BloombergSen Inc. 8.93% of their portfolio | 667.3k $94.0m | Reduced -23.4k |
| Qube Research & Technologies Ltd 0.17% of their portfolio | 666.5k $93.9m | Reduced -572.8k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.35% of their portfolio | 663.2k $93.5m | Added +373.3k |
| California Public Employees Retirement System 0.07% of their portfolio | 649.8k $91.6m | Added +72.3k |
| BAMCO INC /NY/ 0.25% of their portfolio | 631.5k $89.0m | Reduced -4.4k |
| Russell Investments Group, Ltd. 0.14% of their portfolio | 619.5k $87.3m | Reduced -122.8k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 588.7k $84.0m | Reduced -229.3k |
| ARGENT CAPITAL MANAGEMENT LLC 2.40% of their portfolio | 580.7k $81.8m | Reduced -16.1k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.19% of their portfolio | 566.3k $79.8m | Reduced -37.0k |
| CITIGROUP INC 0.08% of their portfolio | 564.0k $79.5m | Reduced -108.7k |
| TWO SIGMA INVESTMENTS, LP 0.18% of their portfolio | 544.6k $76.7m | Added +529.3k |
| ROYAL BANK OF CANADA 0.02% of their portfolio | 533.9k $75.2m | Reduced -155.8k |
| ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio | 527.2k $74.3m | Reduced -91.0k |
| D. E. Shaw & Co., Inc. 0.10% of their portfolio | 514.4k $72.5m | Added +416.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.08% of their portfolio | 486.1k $68.5m | Added +11.2k |
| AQR CAPITAL MANAGEMENT LLC 0.10% of their portfolio | 444.3k $62.6m | Reduced -188.6k |
| ASSETMARK, INC 0.19% of their portfolio | 440.6k $62.1m | Added +8.0k |
| Allianz Asset Management GmbH 0.10% of their portfolio | 428.7k $60.4m | Reduced -544.1k |
| Thrivent Financial for Lutherans 0.12% of their portfolio | 428.6k $60.4m | Added +34.9k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 421.4k $59.4m | Added +10.5k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.21% of their portfolio | 419.0k $59.1m | Reduced -206.6k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 416.5k $58.6m | Added +43.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.06% of their portfolio | 405.0k $57.1m | Reduced -11.0k |
| Korea Investment CORP 0.14% of their portfolio | 403.6k $56.9m | Reduced -37.6k |
| BANQUE PICTET & CIE SA 0.58% of their portfolio | 402.9k $56.8m | Added +344.7k |
| VICTORY CAPITAL MANAGEMENT INC 0.06% of their portfolio | 400.7k $56.5m | Added +53.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.06% of their portfolio | 373.8k $52.7m | Added +20.1k |
| RAYMOND JAMES & ASSOCIATES 0.03% of their portfolio | 371.7k $52.4m | Reduced -185.4k |
| Mitsubishi UFJ Trust & Banking Corp 0.12% of their portfolio | 368.1k $51.9m | Reduced -16.5k |
| Pictet Asset Management Holding SA 0.06% of their portfolio | 367.6k $51.8m | Reduced -57.9k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.07% of their portfolio | 355.6k $50.1m | Reduced -4.0k |
| CITADEL ADVISORS LLC 0.05% of their portfolio | 349.1k $49.2m | Added +266.4k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.20% of their portfolio | 341.0k $48.1m | Added +67.4k |
| CANADA LIFE ASSURANCE Co 0.09% of their portfolio | 336.0k $47.4m | Added +62.3k |
| HM PAYSON & CO 0.86% of their portfolio | 335.4k $47.3m | Added +9.0k |
| Squarepoint Ops LLC 0.18% of their portfolio | 334.8k $47.2m | Added +144.8k |
| AVIVA PLC 0.13% of their portfolio | 324.7k $45.8m | Added +60.9k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.09% of their portfolio | 324.7k $45.8m | Reduced -60.3k |
| Provident Investment Management, Inc. 4.16% of their portfolio | 324.3k $45.7m | Added +4.6k |
| Baird Financial Group, Inc. 0.09% of their portfolio | 316.0k $44.5m | Reduced -21.8k |
| TWO SIGMA ADVISERS, LP 0.10% of their portfolio | 310.2k $43.7m | Added +302.3k |
| QRG CAPITAL MANAGEMENT, INC. 0.51% of their portfolio | 303.2k $42.7m | Reduced -57.1k |
| LSV ASSET MANAGEMENT 0.09% of their portfolio | 302.2k $42.6m | Reduced -16.8k |
| STOREBRAND ASSET MANAGEMENT AS 0.13% of their portfolio | 285.3k $40.2m | Reduced -96 |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.70% of their portfolio | 279.1k $39.3m | Added +7.6k |
| Allspring Global Investments Holdings, LLC 0.06% of their portfolio | 276.7k $39.0m | Added +103.8k |