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 ($122.7m this quarter). Holder counts are more reliable. Shares outstanding: 298.1m as of 2025-07-17, 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 ≈ $129.01. Options: 33 managers hold calls ($498.1m notional), 34 hold puts ($455.5m).
Trends to Q2 2025
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 |
| Q3 2024 | 1,200 |
| Q4 2024 | 1,134 |
| Q1 2025 | 1,109 |
| Q2 2025 | 1,112 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2023 | 451 | 448 |
| Q4 2023 | 501 | 466 |
| Q1 2024 | 497 | 534 |
| Q2 2024 | 528 | 498 |
| Q3 2024 | 590 | 501 |
| Q4 2024 | 455 | 642 |
| Q1 2025 | 521 | 556 |
| Q2 2025 | 510 | 559 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2024 | $968.6m | $907.6m | 0.94 |
| Q4 2024 | $472.2m | $419.9m | 0.89 |
| Q1 2025 | $388.1m | $362.4m | 0.93 |
| Q2 2025 | $498.1m | $455.5m | 0.91 |
Biggest buyers
| Capital World Investors | Added | +2.5m |
| D1 Capital Partners L.P. | New | +1.5m |
| VIKING GLOBAL INVESTORS LP | Added | +1.5m |
| Allspring Global Investments Holdings, LLC | Added | +846.1k |
| AQR CAPITAL MANAGEMENT LLC | Added | +619.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +592.1k |
| ROYAL BANK OF CANADA | Added | +518.3k |
| FRANKLIN RESOURCES INC | Added | +450.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC | Added | +450.2k |
| BNP PARIBAS FINANCIAL MARKETS | Added | +398.3k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -6.0m |
| BlackRock, Inc. | Reduced | -2.0m |
| Capital Research Global Investors | Reduced | -1.4m |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main | Reduced | -1.2m |
| FMR LLC | Reduced | -1.0m |
| D. E. Shaw & Co., Inc. | Reduced | -896.5k |
| Point72 Asset Management, L.P. | Sold out | -766.0k |
| Anomaly Capital Management, LP | Sold out | -736.1k |
| BANK OF AMERICA CORP /DE/ | Reduced | -646.4k |
| NORGES BANK | Reduced | -390.1k |
Biggest calls
| CITADEL ADVISORS LLC | Reduced | $84.5m655.8k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $65.0m504.3k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $63.7m494.2k shares |
| PEAK6 LLC | Added | $52.9m410.4k shares |
| JANE STREET GROUP, LLC | Added | $35.0m271.1k shares |
| Twin Tree Management, LP | New | $26.8m207.6k shares |
| IMC-Chicago, LLC | Added | $24.5m189.9k shares |
| WOLVERINE TRADING, LLC | Reduced | $22.8m177.1k shares |
| Walleye Trading LLC | Added | $17.8m138.1k shares |
| SIMPLEX TRADING, LLC | Reduced | $16.0m123.9k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $114.4m887.1k shares |
| CITADEL ADVISORS LLC | Added | $79.0m612.6k shares |
| CAPITAL FUND MANAGEMENT S.A. | Added | $51.2m397.1k shares |
| WOLVERINE TRADING, LLC | Added | $28.9m224.3k shares |
| IMC-Chicago, LLC | Added | $22.0m170.6k shares |
| JANE STREET GROUP, LLC | Reduced | $15.9m123.3k shares |
| D. E. Shaw & Co., Inc. | Reduced | $14.8m115.1k shares |
| SIMPLEX TRADING, LLC | Added | $13.4m104.0k shares |
| Twin Tree Management, LP | Added | $13.1m101.6k shares |
| BANK OF AMERICA CORP /DE/ | New | $12.9m100.0k 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 2025
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 2023 | 0 | — | 1 | $208.2k | — |
| Q4 2023 | 0 | — | 3 | $1.8m | — |
| Q1 2024 | 0 | — | 2 | $4.3m | — |
| Q2 2024 | 0 | — | 3 | $373.2k | — |
| Q3 2024 | 0 | — | 1 | $191.2k | — |
| Q4 2024 | 0 | — | 1 | $921.5k | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 0 | — | 1 | $274.6k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2025-06-24 | BUCHANAN MICHAEL R Director | Sold | $274.6k2.1k 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 2025
| Manager | Shares | Change |
|---|---|---|
| VANGUARD GROUP INC 0.07% of their portfolio | 33.3m $4.3bn | Reduced -334.3k |
| BlackRock, Inc. 0.07% of their portfolio | 29.2m $3.8bn | Reduced -2.0m |
| STATE STREET CORP 0.06% of their portfolio | 12.6m $1.6bn | Added +92.2k |
| Capital World Investors 0.22% of their portfolio | 11.6m $1.5bn | Added +2.5m |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 10.7m $1.4bn | Reduced -6.0m |
| Capital Research Global Investors 0.19% of their portfolio | 7.3m $947.2m | Reduced -1.4m |
| GEODE CAPITAL MANAGEMENT, LLC 0.06% of their portfolio | 7.2m $924.7m | Reduced -106.6k |
| FMR LLC 0.03% of their portfolio | 4.3m $550.4m | Reduced -1.0m |
| NORGES BANK 0.06% of their portfolio | 3.8m $494.3m | Reduced -390.1k |
| MORGAN STANLEY 0.03% of their portfolio | 3.8m $492.2m | Reduced -325.0k |
| GREENHAVEN ASSOCIATES INC 7.06% of their portfolio | 3.7m $474.6m | Added +6.3k |
| DIMENSIONAL FUND ADVISORS LP 0.10% of their portfolio | 3.4m $431.9m | Reduced -159.4k |
| FRANKLIN RESOURCES INC 0.11% of their portfolio | 3.2m $412.6m | Added +450.4k |
| NORTHERN TRUST CORP 0.06% of their portfolio | 3.1m $404.6m | Reduced -86.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.08% of their portfolio | 2.9m $375.9m | Added +450.2k |
| Invesco Ltd. 0.06% of their portfolio | 2.9m $368.0m | Added +333.8k |
| Allspring Global Investments Holdings, LLC 0.63% of their portfolio | 2.8m $378.6m | Added +846.1k |
| VIKING GLOBAL INVESTORS LP 1.05% of their portfolio | 2.8m $364.5m | Added +1.5m |
| BANK OF AMERICA CORP /DE/ 0.03% of their portfolio | 2.8m $363.1m | Reduced -646.4k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.37% of their portfolio | 2.8m $357.2m | Reduced -1.2m |
| GOLDMAN SACHS GROUP INC 0.05% of their portfolio | 2.2m $280.1m | Added +68.0k |
| Qube Research & Technologies Ltd 0.37% of their portfolio | 2.1m $267.4m | Added +33.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.14% of their portfolio | 2.0m $260.0m | Added +320.3k |
| Smead Capital Management, Inc. 5.11% of their portfolio | 2.0m $255.2m | Reduced -263.8k |
| Amundi 0.09% of their portfolio | 2.0m $264.5m | Reduced -217.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 1.9m $244.6m | Added +14.4k |
| EARNEST PARTNERS LLC 1.07% of their portfolio | 1.8m $237.2m | Added +5.0k |
| FIRST TRUST ADVISORS LP 0.18% of their portfolio | 1.7m $225.3m | Reduced -360.3k |
| Legal & General Group Plc 0.06% of their portfolio | 1.7m $223.4m | Reduced -107.0k |
| Pacer Advisors, Inc. 0.53% of their portfolio | 1.6m $210.5m | Reduced -58.5k |
| UBS Group AG 0.04% of their portfolio | 1.6m $209.7m | Added +14.5k |
| D1 Capital Partners L.P. 2.75% of their portfolio | 1.5m $198.5m | New |
| Bank of New York Mellon Corp 0.04% of their portfolio | 1.5m $195.8m | Reduced -204.6k |
| BARCLAYS PLC 0.08% of their portfolio | 1.5m $195.7m | Added +272.7k |
| Berkshire Hathaway Inc 0.07% of their portfolio | 1.5m $191.5m | Reduced -27.0k |
| NEUBERGER BERMAN GROUP LLC 0.14% of their portfolio | 1.4m $186.4m | Reduced -56.3k |
| TWO SIGMA INVESTMENTS, LP 0.33% of their portfolio | 1.4m $184.9m | Added +81.6k |
| WELLS FARGO & COMPANY/MN 0.04% of their portfolio | 1.4m $179.0m | Added +218.3k |
| BNP PARIBAS FINANCIAL MARKETS 0.14% of their portfolio | 1.4m $177.0m | Added +398.3k |
| PARNASSUS INVESTMENTS, LLC 0.38% of their portfolio | 1.3m $166.6m | Reduced -9.3k |
| DEUTSCHE BANK AG\ 0.06% of their portfolio | 1.2m $160.8m | Reduced -214.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 1.2m $161.0m | Added +386.0k |
| Brave Warrior Advisors, LLC 3.42% of their portfolio | 1.2m $149.1m | Reduced -18.7k |
| TWO SIGMA ADVISERS, LP 0.30% of their portfolio | 1.1m $146.9m | Added +26.7k |
| MILLENNIUM MANAGEMENT LLC 0.13% of their portfolio | 1.1m $145.7m | Added +592.1k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 1.1m $143.5m | Added +518.3k |
| AQR CAPITAL MANAGEMENT LLC 0.11% of their portfolio | 1.1m $137.9m | Added +619.5k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 994.7k $128.2m | Reduced -250.7k |
| HSBC HOLDINGS PLC 0.08% of their portfolio | 988.8k $127.5m | Reduced -78.7k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.08% of their portfolio | 913.0k $117.7m | Reduced -184.8k |
| CITIGROUP INC 0.08% of their portfolio | 859.8k $110.8m | Reduced -275.3k |
| Swiss National Bank 0.07% of their portfolio | 858.6k $110.7m | Added +44.3k |
| 1832 Asset Management L.P. 0.19% of their portfolio | 824.9k $106.3m | Added +372.4k |
| Thrivent Financial for Lutherans 0.22% of their portfolio | 776.1k $100.0m | Added +229.6k |
| Nuveen, LLC 0.03% of their portfolio | 774.9k $99.9m | Added +1.0k |
| Sumitomo Mitsui Trust Group, Inc. 0.06% of their portfolio | 771.7k $99.5m | Added +33.3k |
| SEI INVESTMENTS CO 0.11% of their portfolio | 749.4k $96.6m | Added +71.2k |
| NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio | 748.2k $96.1m | Reduced -140.8k |
| Long Pond Capital, LP 6.32% of their portfolio | 744.6k $96.0m | Reduced -84.4k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.34% of their portfolio | 709.8k $91.5m | Reduced -186.7k |
| MARSHALL WACE, LLP 0.11% of their portfolio | 695.2k $89.6m | Added +311.1k |
| RHUMBLINE ADVISERS 0.08% of their portfolio | 688.6k $88.8m | Reduced -14.1k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 648.3k $83.6m | Added +334.3k |
| BloombergSen Inc. 7.05% of their portfolio | 647.8k $83.5m | Reduced -7.9k |
| Swedbank AB 0.09% of their portfolio | 645.3k $83.2m | First filing |
| D. E. Shaw & Co., Inc. 0.08% of their portfolio | 602.9k $77.7m | Reduced -896.5k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 565.9k $73.0m | Added +218.3k |
| WORLDQUANT MILLENNIUM ADVISORS LLC 0.36% of their portfolio | 560.5k $72.3m | Added +385.9k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.12% of their portfolio | 554.6k $73.2m | Added +36.6k |
| ARGENT CAPITAL MANAGEMENT LLC 2.01% of their portfolio | 545.6k $70.3m | Added +2.0k |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.05% of their portfolio | 531.2k $68.5m | Added +29.1k |
| National Pension Service 0.06% of their portfolio | 515.1k $66.4m | Reduced -313.9k |
| ASSETMARK, INC 0.15% of their portfolio | 508.2k $65.5m | Added +49.5k |
| California Public Employees Retirement System 0.04% of their portfolio | 483.6k $62.3m | Added +26.2k |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 454.1k $58.5m | Added +12.1k |
| Pictet Asset Management Holding SA 0.06% of their portfolio | 453.6k $58.5m | Reduced -10.4k |
| BANK OF MONTREAL /CAN/ 0.03% of their portfolio | 445.5k $57.4m | Reduced -66.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.06% of their portfolio | 443.7k $57.2m | Reduced -5.8k |
| EVENTIDE ASSET MANAGEMENT, LLC 1.00% of their portfolio | 442.0k $57.0m | Added +2.1k |
| BANQUE PICTET & CIE SA 0.57% of their portfolio | 423.9k $54.6m | Added +8.3k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio | 411.2k $53.0m | Reduced -6.6k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.08% of their portfolio | 409.8k $52.8m | Added +321.6k |
| Migdal Insurance & Financial Holdings Ltd. 0.30% of their portfolio | 390.0k $50.3m | New |
| Assenagon Asset Management S.A. 0.08% of their portfolio | 388.6k $50.1m | Reduced -42.3k |
| CANADA LIFE ASSURANCE Co 0.08% of their portfolio | 379.2k $49.0m | Added +133.5k |
| Russell Investments Group, Ltd. 0.06% of their portfolio | 368.2k $47.5m | Reduced -134.6k |
| Bank Pictet & Cie (Europe) AG 1.01% of their portfolio | 366.1k $47.2m | Added +46.6k |
| Burgundy Asset Management Ltd. 0.45% of their portfolio | 362.4k $46.7m | New |
| Squarepoint Ops LLC 0.10% of their portfolio | 352.1k $45.4m | Added +203.1k |
| Caisse de depot et placement du Quebec 0.10% of their portfolio | 351.9k $45.4m | Added +84.9k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 347.2k $44.8m | Reduced -44.7k |
| HighTower Advisors, LLC 0.06% of their portfolio | 342.4k $44.1m | Added +114.8k |
| WELLINGTON MANAGEMENT GROUP LLP 0.01% of their portfolio | 330.2k $42.6m | Reduced -22.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.10% of their portfolio | 320.2k $41.3m | Reduced -26.8k |
| Sterling Capital Management LLC 0.58% of their portfolio | 314.0k $40.5m | Added +298.1k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio | 308.8k $39.8m | Reduced -4.7k |
| Bridgewater Associates, LP 0.16% of their portfolio | 301.4k $38.9m | Added +116.4k |
| W1M Investment Management Ltd 0.52% of their portfolio | 295.3k $38.1m | Added +38.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.07% of their portfolio | 287.4k $37.0m | Reduced -1.8k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 283.8k $36.6m | Reduced -39.3k |