Vault-13

HOWARD HUGHES CORP HHC

COM · Common Stock · CUSIP 44267D107 · ISIN US44267D1072

255 institutional holders +12 vs Q4 2022
48,088,37348.1m shares reported held*
$3.9bnreported value*
35 new 85 added 80 reduced 20 sold out net bought ≈ $41.8m (+494.1k shares)

* 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 ($12.3m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $80.23. Options: 4 managers hold calls ($2.1m notional), 6 hold puts ($3.5m).

Trends to Q1 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 247Q4 22: 243Q1 23: 255255Q3 22Q4 22Q1 23
Numbers
QuarterHolders
Q3 2022247
Q4 2022243
Q1 2023255

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q4 22: 110 bought or addedQ4 22: 120 cut or sold outQ4 22Q1 23: 120 bought or addedQ1 23: 100 cut or sold outQ1 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022110120
Q1 2023120100

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$1m$2m$3m$4mQ3 22 calls: $2.1mQ3 22 puts: $1.4mQ3 22P/C 0.68Q4 22 calls: $2.2mQ4 22 puts: $3.3mQ4 22P/C 1.46Q1 23 calls: $2.1mQ1 23 puts: $3.5mQ1 23P/C 1.69
Numbers
QuarterCallsPutsP/C
Q3 2022$2.1m$1.4m0.68
Q4 2022$2.2m$3.3m1.46
Q1 2023$2.1m$3.5m1.69

Biggest buyers

BARROW HANLEY MEWHINNEY & STRAUSS LLC Added +517,889+517.9k
Brandywine Global Investment Management, LLC Added +511,288+511.3k
DEUTSCHE BANK AG\ Added +178,853+178.9k
BANK OF AMERICA CORP /DE/ Added +109,779+109.8k
NORTHERN TRUST CORP Added +94,038+94.0k
DIMENSIONAL FUND ADVISORS LP Added +92,819+92.8k
Pershing Square Capital Management, L.P. Added +89,397+89.4k
AMERICAN CENTURY COMPANIES INC Added +86,409+86.4k
JANE STREET GROUP, LLC Added +77,292+77.3k
VICTORY CAPITAL MANAGEMENT INC Added +67,833+67.8k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -394,356-394.4k
BAILLIE GIFFORD & CO Reduced -210,427-210.4k
Bernzott Capital Advisors Reduced -162,093-162.1k
PM CAPITAL Ltd Reduced -153,700-153.7k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -130,719-130.7k
SG Americas Securities, LLC Sold out -125,602-125.6k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -118,668-118.7k
VANGUARD GROUP INC Reduced -60,118-60.1k
HSBC HOLDINGS PLC Reduced -59,241-59.2k
JENNISON ASSOCIATES LLC Reduced -57,157-57.2k

Biggest calls

CITADEL ADVISORS LLC Added $1.5m19.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $336.0k4.2k shares
WOLVERINE TRADING, LLC Reduced $212.0k2.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $1.9m23.7k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $1.4m17.4k shares
PEAK6 Investments LLC New $168.0k2.1k shares
GROUP ONE TRADING LLC New $40.0k500 shares
SIMPLEX TRADING, LLC New $24.0k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. New $00 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.

Holders, Q1 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pershing Square Capital Management, L.P. 12.52% of their portfolio New York, NY 15,984,53216.0m $1.3bn $1.3bn 12.52% Added +89.4k +89,397
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 5,113,0325.1m $409.0m $409.0m 0.01% Reduced -60.1k -60,118
3 BAILLIE GIFFORD & CO 0.19% of their portfolio EDINBURGH, X0 2,634,9332.6m $210.8m $210.8m 0.19% Reduced -210.4k -210,427
4 BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.70% of their portfolio DALLAS, TX 2,248,9612.2m $179.9m $179.9m 0.70% Added +517.9k +517,889
5 PRINCIPAL FINANCIAL GROUP INC 0.12% of their portfolio DES MOINES, IA 2,162,7672.2m $173.0m $173.0m 0.12% Reduced -51.1k -51,058
6 HARRIS ASSOCIATES L P 0.33% of their portfolio CHICAGO, IL 2,104,2272.1m $168.3m $168.3m 0.33% Reduced -25.4k -25,351
7 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 1,907,2591.9m $152.6m $152.6m 0.05% Added +92.8k +92,819
8 BlackRock Inc. 0.00% of their portfolio New York, NY 1,681,4101.7m $134.5m $134.5m 0.00% Reduced -40.9k -40,949
9 Brandywine Global Investment Management, LLC 0.33% of their portfolio PHILADELPHIA, PA 1,024,9581.0m $82.0m $82.0m 0.33% Added +511.3k +511,288
10 NEW SOUTH CAPITAL MANAGEMENT INC 2.50% of their portfolio MEMPHIS, TN 688,167688.2k $55.1m $55.1m 2.50% Reduced -26.4k -26,357
11 DONALD SMITH & CO., INC. 1.85% of their portfolio NEW YORK, NY 625,899625.9k $50.1m $50.1m 1.85% Added +141 +141
12 HORIZON KINETICS ASSET MANAGEMENT LLC 0.96% of their portfolio NEW YORK, NY 625,391625.4k $50.0m $50.0m 0.96% Reduced -8.8k -8,797
13 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 588,096588.1k $47.0m $47.0m 0.00% Added +6.6k +6,593
14 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 565,363565.4k $45.2m $45.2m 0.01% Added +13.6k +13,568
15 Russell Investments Group, Ltd. 0.08% of their portfolio Seattle, WA 540,532540.5k $42.9m $42.9m 0.08% Reduced -9.9k -9,862
16 JENNISON ASSOCIATES LLC 0.03% of their portfolio NEW YORK, NY 441,283441.3k $35.3m $35.3m 0.03% Reduced -57.2k -57,157
17 BEACH INVESTMENT COUNSEL INC/PA 4.22% of their portfolio WEST CONSHOHOCKEN, PA 395,787395.8k $31.7m $31.7m 4.22% Reduced -798 -798
18 NORGES BANK 0.01% of their portfolio OSLO, Q8 378,348378.3k $30.3m $30.3m 0.01% Added +15.9k +15,905
19 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 371,322371.3k $29.7m $29.7m 0.00% Reduced -33.3k -33,332
20 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 327,567327.6k $26.2m $26.2m 0.00% Added +109.8k +109,779
21 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 308,607308.6k $24.2m $24.2m 0.02% Added +86.4k +86,409
22 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 306,676306.7k $24.5m $24.5m 0.01% Added +178.9k +178,853
23 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 304,761304.8k $24.4m $24.4m 0.00% Added +94.0k +94,038
24 Clearbridge Investments, LLC 0.02% of their portfolio NEW YORK, NY 302,114302.1k $24.2m $24.2m 0.02% Added +125 +125
25 PM CAPITAL Ltd 4.99% of their portfolio SYDNEY, C3 299,640299.6k $24.0m $24.0m 4.99% Reduced -153.7k -153,700
26 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 258,735258.7k $20.7m $20.7m 0.01% Added +3.5k +3,497
27 Bernzott Capital Advisors 3.74% of their portfolio Camarillo, CA 226,346226.3k $18.1m $18.1m 3.74% Reduced -162.1k -162,093
28 Quinn Opportunity Partners LLC 1.91% of their portfolio CHARLOTTESVILLE, VA 223,244223.2k $17.9m $17.9m 1.91% Added +13.0k +13,000
29 Motley Fool Wealth Management, LLC 1.10% of their portfolio ALEXANDRIA, VA 219,515219.5k $17.6m $17.6m 1.10% Added +4.0k +3,994
30 State of New Jersey Common Pension Fund D 0.06% of their portfolio TRENTON, NJ 201,082201.1k $16.1m $16.1m 0.06% Added +58.7k +58,735
31 FIRST MANHATTAN CO. LLC. 0.06% of their portfolio NEW YORK, NY 195,940195.9k $15.7m $15.7m 0.06% Reduced -1.5k -1,503
32 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 195,375195.4k $15.6m $15.6m 0.03% Added +15.4k +15,375
33 SASCO CAPITAL INC / CT/ 1.87% of their portfolio FAIRFIELD, CT 190,300190.3k $15.2m $15.2m 1.87% Unchanged
34 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 169,541169.5k $13.6m $13.6m 0.00% Added +25.6k +25,598
35 VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio San Antonio, TX 158,021158.0k $12.6m $12.6m 0.01% Added +67.8k +67,833
36 Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio TOKYO, M0 155,007155.0k $12.4m $12.4m 0.03% Reduced -18.4k -18,370
37 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 145,793145.8k $11.7m $11.7m 0.00% Reduced -43.2k -43,171
38 PROSPECTOR PARTNERS LLC 1.66% of their portfolio GUILFORD, CT 142,851142.9k $11.4m $11.4m 1.66% Added +3.3k +3,265
39 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 134,521134.5k $10.8m $10.8m 0.00% Reduced -130.7k -130,719
40 JANE STREET GROUP, LLC 0.02% of their portfolio NEW YORK, NY 127,071127.1k $10.2m $10.2m 0.02% Added +77.3k +77,292
41 Perpetual Ltd 0.08% of their portfolio SYDNEY, NEW SOUTH WALES, C3 122,001122.0k $9.8m $9.8m 0.08% First filing
42 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 109,618109.6k $8.8m $8.8m 0.00% Reduced -645 -645
43 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio BALA CYNWYD, PA 106,314106.3k $8.5m $8.5m 0.01% Reduced -118.7k -118,668
44 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 85,25185.3k $6.8m $6.8m 0.00% Added +12.1k +12,082
45 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 83,86883.9k $6.7m $6.7m 0.00% Added +1.7k +1,674
46 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 83,44483.4k $6.7m $6.7m 0.01% Reduced -11.0k -11,021
47 Swiss National Bank 0.00% of their portfolio ZURICH, V8 80,80080.8k $6.5m $6.5m 0.00% Reduced -9.6k -9,600
48 FIRST TRUST ADVISORS LP 0.01% of their portfolio Wheaton, IL 80,45680.5k $6.4m $6.4m 0.01% Added +11.9k +11,912
49 NATIXIS 0.05% of their portfolio PARIS, I0 73,00073.0k $5.8m $5.8m 0.05% Reduced -55.4k -55,400
50 Atria Wealth Solutions, Inc. 0.09% of their portfolio NEW YORK, NY 72,90372.9k $5.8m $5.8m 0.09% Reduced -673 -673
51 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 72,18072.2k $5.8m $5.8m 0.02% Reduced -555 -555
52 River Road Asset Management, LLC 0.07% of their portfolio LOUISVILLE, KY 62,14562.1k $5.0m $5.0m 0.07% Reduced -784 -784
53 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 60,95461.0k $4.8m $4.8m 0.01% Reduced -59.2k -59,241
54 ING GROEP NV 0.05% of their portfolio AMSTERDAM, P7 60,70060.7k $4.9m $4.9m 0.05% New
55 Mesirow Institutional Investment Management, Inc. 0.50% of their portfolio CHICAGO, IL 57,67057.7k $4.6m $4.6m 0.50% New
56 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio NEW YORK, NY 55,98556.0k $4.5m $4.5m 0.00% Added +1.3k +1,335
57 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 55,80155.8k $4.5m $4.5m 0.00% Added +17.4k +17,361
58 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 54,40054.4k $4.4m $4.4m 0.01% Reduced -9.1k -9,100
59 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 52,25752.3k $4.2m $4.2m 0.01% New
60 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 51,83251.8k $4.1m $4.1m 0.00% Reduced -1.8k -1,752
61 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 48,68548.7k $3.9m $3.9m 0.01% Added +292 +292
62 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 46,58946.6k $3.7m $3.7m 0.01% Reduced -692 -692
63 Roundview Capital LLC 0.38% of their portfolio PRINCETON, NJ 44,85544.9k $3.6m $3.6m 0.38% Reduced -11.0k -11,034
64 Redwood Investment Management, LLC 0.38% of their portfolio SCOTTSDALE, AZ 44,27944.3k $3.5m $3.5m 0.38% Added +6.2k +6,220
65 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 43,98344.0k $3.5m $3.5m 0.00% Reduced -925 -925
66 Ancora Advisors LLC 0.10% of their portfolio Cleveland, OH 43,20043.2k $3.5m $3.5m 0.10% Reduced -430 -430
67 CREDIT SUISSE AG/ 0.00% of their portfolio ZURICH, V8 42,17042.2k $3.4m $3.4m 0.00% Added +2.0k +1,972
68 Employees Retirement System of Texas 0.05% of their portfolio AUSTIN, TX 42,06042.1k $3.4m $3.4m 0.05% Reduced -16.0k -16,040
69 Cubist Systematic Strategies, LLC 0.03% of their portfolio STAMFORD, CT 41,65941.7k $3.3m $3.3m 0.03% Added +32.0k +31,959
70 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 40,79440.8k $3.3m $3.3m 0.00% Reduced -2.7k -2,708
71 TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio STAMFORD, CT 40,12740.1k $3.2m $3.2m 0.06% New
72 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 40,00040.0k $3.2m $3.2m 0.01% Unchanged
73 ACR Alpine Capital Research, LLC 0.12% of their portfolio ST. LOUIS, MO 37,66137.7k $3.0m $3.0m 0.12% Added +880 +880
74 ROPES WEALTH ADVISORS LLC 0.54% of their portfolio BOSTON, MA 37,60237.6k $3.0m $3.0m 0.54% Unchanged
75 SEI INVESTMENTS CO 0.01% of their portfolio OAKS, PA 36,19236.2k $2.9m $2.9m 0.01% Added +4.7k +4,682
76 Pinnacle Financial Partners Inc 0.08% of their portfolio Nashville, TN 35,11535.1k $2.8m $2.8m 0.08% Added +899 +899
77 Caisse de depot et placement du Quebec 0.01% of their portfolio Montreal, A8 35,00035.0k $2.8m $2.8m 0.01% Unchanged
78 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 35,00035.0k $2.8m $2.8m 0.00% Reduced -394.4k -394,356
79 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 34,98935.0k $2.8m $2.8m 0.01% Reduced -4.0k -3,977
80 D. E. Shaw & Co., Inc. 0.00% of their portfolio New York, NY 34,41934.4k $2.8m $2.8m 0.00% New
81 JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio FLORHAM PARK, NJ 34,30434.3k $2.7m $2.7m 0.02% Reduced -3.9k -3,930
82 PIN OAK INVESTMENT ADVISORS INC 3.33% of their portfolio HOUSTON, TX 33,69233.7k $2.7m $2.7m 3.33% Reduced -12 -12
83 Legal & General Group Plc 0.00% of their portfolio London, X0 33,63433.6k $2.7m $2.7m 0.00% Added +2.3k +2,297
84 PenderFund Capital Management Ltd. 1.11% of their portfolio VANCOUVER, A1 32,83432.8k $3.5k $3.5k 1.11% Unchanged
85 Motley Fool Asset Management LLC 0.28% of their portfolio ALEXANDRIA, VA 32,02232.0k $2.6m $2.6m 0.28% Reduced -2.5k -2,504
86 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 31,53231.5k $2.5m $2.5m 0.00% Reduced -363 -363
87 Gotham Asset Management, LLC 0.06% of their portfolio NEW YORK, NY 31,39231.4k $2.5m $2.5m 0.06% Added +11.5k +11,458
88 INDEPENDENT INVESTORS INC 0.61% of their portfolio NESCONSET, NY 30,68030.7k $2.5m $2.5m 0.61% Unchanged
89 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 30,25930.3k $2.4m $2.4m 0.01% Reduced -4.4k -4,377
90 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 28,58228.6k $2.3m $2.3m 0.01% Added +123 +123
91 Man Group plc 0.01% of their portfolio LONDON, X0 27,48127.5k $2.2m $2.2m 0.01% New
92 ExodusPoint Capital Management, LP 0.02% of their portfolio NEW YORK, NY 26,73126.7k $2.1m $2.1m 0.02% Added +427 +427
93 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 26,02826.0k $2.1m $2.1m 0.00% Added +20.3k +20,334
94 UBS Group AG 0.00% of their portfolio ZURICH, V8 24,64224.6k $2.0m $2.0m 0.00% Reduced -265 -265
95 MADISON WEALTH MANAGEMENT 0.42% of their portfolio CINCINNATI, OH 24,18824.2k $1.9m $1.9m 0.42% Unchanged
96 Federation des caisses Desjardins du Quebec 0.02% of their portfolio LEVIS, A8 23,28423.3k $1.9m $1.9m 0.02% Unchanged
97 Moody Aldrich Partners LLC 0.38% of their portfolio MARBLEHEAD, MA 23,27223.3k $1.9m $1.9m 0.38% Reduced -12.0k -11,975
98 HRT FINANCIAL LP 0.02% of their portfolio NEW YORK, NY 22,36222.4k $1.8m $1.8m 0.02% New
99 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.34% of their portfolio FORT WORTH, TX 21,16521.2k $1.7m $1.7m 0.34% Unchanged
100 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 20,24520.2k $1.6m $1.6m 0.00% Added +723 +723