Vault-13

HOWARD HUGHES CORP HHC

COM · Common Stock · CUSIP 44267D107 · ISIN US44267D1072

243 institutional holders -12 vs Q1 2023
47,654,19847.7m shares reported held*
$3.8bnreported value*
23 new 61 added 109 reduced 36 sold out net sold ≈ $31.4m (-402.9k 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 ($13.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $78.92. Options: 5 managers hold calls ($1.3m notional), 2 hold puts ($4.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0100200300Q3 22: 247Q4 22: 243Q1 23: 255Q2 23: 243243Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022247
Q4 2022243
Q1 2023255
Q2 2023243

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 23Q2 23: 84 bought or addedQ2 23: 145 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022110120
Q1 2023120100
Q2 202384145

Calls vs puts

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

CallsPuts
$0$2m$4m$6mQ3 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 1.69Q2 23 calls: $1.3mQ2 23 puts: $4.3mQ2 23P/C 3.36
Numbers
QuarterCallsPutsP/C
Q3 2022$2.1m$1.4m0.68
Q4 2022$2.2m$3.3m1.46
Q1 2023$2.1m$3.5m1.69
Q2 2023$1.3m$4.3m3.36

Biggest buyers

Pershing Square Capital Management, L.P. Added +585,696+585.7k
JANE STREET GROUP, LLC Added +226,191+226.2k
Schonfeld Strategic Advisors LLC New +222,541+222.5k
DIMENSIONAL FUND ADVISORS LP Added +157,723+157.7k
INGALLS & SNYDER LLC New +120,456+120.5k
Balyasny Asset Management L.P. New +119,147+119.1k
JPMORGAN CHASE & CO Added +98,207+98.2k
ALGERT GLOBAL LLC Added +74,910+74.9k
VICTORY CAPITAL MANAGEMENT INC Added +43,679+43.7k
MILLENNIUM MANAGEMENT LLC Added +42,829+42.8k

Biggest sellers

Brandywine Global Investment Management, LLC Reduced -518,721-518.7k
PM CAPITAL Ltd Sold out -299,640-299.6k
VANGUARD GROUP INC Reduced -244,158-244.2k
PRICE T ROWE ASSOCIATES INC /MD/ Reduced -110,797-110.8k
BANK OF AMERICA CORP /DE/ Reduced -92,418-92.4k
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced -92,030-92.0k
DEUTSCHE BANK AG\ Reduced -79,750-79.8k
BlackRock Inc. Reduced -76,306-76.3k
Mesirow Institutional Investment Management, Inc. Sold out -57,670-57.7k
Quinn Opportunity Partners LLC Reduced -57,360-57.4k

Biggest calls

CITADEL ADVISORS LLC Reduced $576.1k7.3k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $442.0k5.6k shares
WOLVERINE TRADING, LLC Added $250.6k3.2k shares
SIMPLEX TRADING, LLC New $15.0k200 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $3.4m43.4k shares
CITADEL ADVISORS LLC Reduced $891.8k11.3k 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, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Pershing Square Capital Management, L.P. 12.09% of their portfolio New York, NY 16,570,22816.6m $1.3bn $1.3bn 12.09% Added +585.7k +585,696
2 VANGUARD GROUP INC 0.01% of their portfolio Valley Forge, PA 4,868,8744.9m $384.3m $384.3m 0.01% Reduced -244.2k -244,158
3 BAILLIE GIFFORD & CO 0.17% of their portfolio EDINBURGH, X0 2,605,1552.6m $205.6m $205.6m 0.17% Reduced -29.8k -29,778
4 BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.65% of their portfolio DALLAS, TX 2,217,9972.2m $175.0m $175.0m 0.65% Reduced -31.0k -30,964
5 PRINCIPAL FINANCIAL GROUP INC 0.11% of their portfolio DES MOINES, IA 2,128,1162.1m $168.0m $168.0m 0.11% Reduced -34.7k -34,651
6 HARRIS ASSOCIATES L P 0.31% of their portfolio CHICAGO, IL 2,104,2762.1m $166.1m $166.1m 0.31% Added +49 +49
7 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 2,064,9822.1m $163.0m $163.0m 0.05% Added +157.7k +157,723
8 BlackRock Inc. 0.00% of their portfolio New York, NY 1,605,1041.6m $126.7m $126.7m 0.00% Reduced -76.3k -76,306
9 NEW SOUTH CAPITAL MANAGEMENT INC 2.28% of their portfolio MEMPHIS, TN 648,701648.7k $51.2m $51.2m 2.28% Reduced -39.5k -39,466
10 DONALD SMITH & CO., INC. 1.70% of their portfolio NEW YORK, NY 626,493626.5k $49.4m $49.4m 1.70% Added +594 +594
11 HORIZON KINETICS ASSET MANAGEMENT LLC 1.03% of their portfolio NEW YORK, NY 600,006600.0k $47.4m $47.4m 1.03% Reduced -25.4k -25,385
12 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 573,500573.5k $45.3m $45.3m 0.00% Reduced -14.6k -14,596
13 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 552,589552.6k $43.6m $43.6m 0.01% Reduced -12.8k -12,774
14 Brandywine Global Investment Management, LLC 0.33% of their portfolio PHILADELPHIA, PA 506,237506.2k $40.0m $40.0m 0.33% Reduced -518.7k -518,721
15 Russell Investments Group, Ltd. 0.07% of their portfolio Seattle, WA 493,793493.8k $38.8m $38.8m 0.07% Reduced -46.7k -46,739
16 JENNISON ASSOCIATES LLC 0.03% of their portfolio NEW YORK, NY 480,920480.9k $38.0m $38.0m 0.03% Added +39.6k +39,637
17 BEACH INVESTMENT COUNSEL INC/PA 3.69% of their portfolio WEST CONSHOHOCKEN, PA 393,539393.5k $31.1m $31.1m 3.69% Reduced -2.2k -2,248
18 NORGES BANK 0.01% of their portfolio OSLO, Q8 378,348378.3k $29.9m $29.9m 0.01% Unchanged
19 JANE STREET GROUP, LLC 0.04% of their portfolio NEW YORK, NY 353,262353.3k $27.9m $27.9m 0.04% Added +226.2k +226,191
20 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 337,748337.7k $26.7m $26.7m 0.00% Reduced -33.6k -33,574
21 Clearbridge Investments, LLC 0.02% of their portfolio NEW YORK, NY 304,954305.0k $24.1m $24.1m 0.02% Added +2.8k +2,840
22 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 300,436300.4k $23.7m $23.7m 0.02% Reduced -8.2k -8,171
23 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 261,731261.7k $20.7m $20.7m 0.01% Added +3.0k +2,996
24 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 258,426258.4k $20.4m $20.4m 0.00% Reduced -46.3k -46,335
25 State of New Jersey Common Pension Fund D 0.06% of their portfolio TRENTON, NJ 243,629243.6k $19.2m $19.2m 0.06% Added +42.5k +42,547
26 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 235,149235.1k $18.6m $18.6m 0.00% Reduced -92.4k -92,418
27 DEUTSCHE BANK AG\ 0.01% of their portfolio FRANKFURT AM MAIN, 2M 226,926226.9k $17.9m $17.9m 0.01% Reduced -79.8k -79,750
28 Schonfeld Strategic Advisors LLC 0.15% of their portfolio NEW YORK, NY 222,541222.5k $17.6m $17.6m 0.15% New
29 Motley Fool Wealth Management, LLC 1.00% of their portfolio ALEXANDRIA, VA 214,599214.6k $16.9m $16.9m 1.00% Reduced -4.9k -4,916
30 Bernzott Capital Advisors 3.64% of their portfolio Camarillo, CA 213,343213.3k $16.8m $16.8m 3.64% Reduced -13.0k -13,003
31 FIRST MANHATTAN CO. LLC. 0.06% of their portfolio NEW YORK, NY 202,125202.1k $16.0m $16.0m 0.06% Added +6.2k +6,185
32 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 201,700201.7k $15.9m $15.9m 0.02% Added +43.7k +43,679
33 SASCO CAPITAL INC / CT/ 1.76% of their portfolio FAIRFIELD, CT 188,200188.2k $14.9m $14.9m 1.76% Reduced -2.1k -2,100
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 182,075182.1k $14.4m $14.4m 0.00% Added +98.2k +98,207
35 Allianz Asset Management GmbH 0.03% of their portfolio MUNICH, 2M 173,214173.2k $13.7m $13.7m 0.03% Reduced -22.2k -22,161
36 Quinn Opportunity Partners LLC 1.81% of their portfolio CHARLOTTESVILLE, VA 165,884165.9k $13.1m $13.1m 1.81% Reduced -57.4k -57,360
37 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 159,805159.8k $12.6m $12.6m 0.00% Reduced -9.7k -9,736
38 Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio TOKYO, M0 146,058146.1k $11.5m $11.5m 0.03% Reduced -8.9k -8,949
39 PROSPECTOR PARTNERS LLC 1.58% of their portfolio GUILFORD, CT 143,651143.7k $11.3m $11.3m 1.58% Added +800 +800
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 132,449132.4k $10.5m $10.5m 0.00% Reduced -13.3k -13,344
41 Perpetual Ltd 0.09% of their portfolio SYDNEY, NEW SOUTH WALES, C3 130,992131.0k $10.3m $10.3m 0.09% Added +9.0k +8,991
42 INGALLS & SNYDER LLC 0.46% of their portfolio NEW YORK, NY 120,456120.5k $9.5m $9.5m 0.46% New
43 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 119,147119.1k $9.4m $9.4m 0.03% New
44 NATIXIS 0.07% of their portfolio PARIS, I0 106,000106.0k $8.4m $8.4m 0.07% Added +33.0k +33,000
45 Nuveen Asset Management, LLC 0.00% of their portfolio CHICAGO, IL 103,793103.8k $8.2m $8.2m 0.00% Reduced -5.8k -5,825
46 ALGERT GLOBAL LLC 0.29% of their portfolio SAN FRANCISCO, CA 83,64483.6k $6.6m $6.6m 0.29% Added +74.9k +74,910
47 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 83,21983.2k $6.6m $6.6m 0.00% Reduced -2.0k -2,032
48 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 79,03979.0k $6.2m $6.2m 0.01% Reduced -4.4k -4,405
49 MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio NEW YORK, NY 77,82977.8k $6.1m $6.1m 0.01% Added +42.8k +42,829
50 Swiss National Bank 0.00% of their portfolio ZURICH, V8 76,20076.2k $6.0m $6.0m 0.00% Reduced -4.6k -4,600
51 CREDIT SUISSE AG/ 0.01% of their portfolio ZURICH, V8 69,58969.6k $5.5m $5.5m 0.01% Added +27.4k +27,419
52 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio COLUMBUS, OH 69,20569.2k $5.5m $5.5m 0.02% Reduced -3.0k -2,975
53 Ancora Advisors LLC 0.14% of their portfolio Cleveland, OH 68,92568.9k $5.4m $5.4m 0.14% Added +25.7k +25,725
54 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 66,77466.8k $5.3m $5.3m 0.00% Added +14.9k +14,942
55 HSBC HOLDINGS PLC 0.01% of their portfolio LONDON, X0 65,94965.9k $5.2m $5.2m 0.01% Added +5.0k +4,995
56 Atria Wealth Solutions, Inc. 0.07% of their portfolio NEW YORK, NY 65,12265.1k $5.1m $5.1m 0.07% Reduced -7.8k -7,781
57 River Road Asset Management, LLC 0.07% of their portfolio LOUISVILLE, KY 60,86860.9k $4.8m $4.8m 0.07% Reduced -1.3k -1,277
58 ING GROEP NV 0.04% of their portfolio AMSTERDAM, P7 60,70060.7k $4.8m $4.8m 0.04% Unchanged
59 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 59,86359.9k $4.7m $4.7m 0.01% Added +25.4k +25,444
60 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% Unchanged
61 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 55,02055.0k $4.3m $4.3m 0.00% Reduced -781 -781
62 ExodusPoint Capital Management, LP 0.05% of their portfolio NEW YORK, NY 54,94054.9k $4.3m $4.3m 0.05% Added +28.2k +28,209
63 Redwood Investment Management, LLC 0.42% of their portfolio SCOTTSDALE, AZ 51,88451.9k $4.1m $4.1m 0.42% Added +7.6k +7,605
64 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.01% of their portfolio TALLAHASSEE, FL 49,81549.8k $3.9m $3.9m 0.01% Added +1.1k +1,130
65 Gotham Asset Management, LLC 0.08% of their portfolio NEW YORK, NY 46,34946.3k $3.7m $3.7m 0.08% Added +15.0k +14,957
66 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 43,70143.7k $3.4m $3.4m 0.00% Reduced -282 -282
67 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio WEST SACRAMENTO, CA 42,09342.1k $3.3m $3.3m 0.00% Reduced -4.5k -4,496
68 Concorde Financial Corp 2.14% of their portfolio DALLAS, TX 41,40541.4k $3.3m $3.3m 2.14% Added +36.1k +36,055
69 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 40,00040.0k $3.2m $3.2m 0.01% Unchanged
70 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 35,89435.9k $2.8m $2.8m 0.00% Reduced -4.9k -4,900
71 Pinnacle Financial Partners Inc 0.07% of their portfolio Nashville, TN 35,60735.6k $2.8m $2.8m 0.07% Added +492 +492
72 UBS Group AG 0.00% of their portfolio ZURICH, V8 35,49535.5k $2.8m $2.8m 0.00% Added +10.9k +10,853
73 Squarepoint Ops LLC 0.02% of their portfolio NEW YORK, NY 35,09235.1k $2.8m $2.8m 0.02% New
74 FIRST TRUST ADVISORS LP 0.00% of their portfolio Wheaton, IL 34,95835.0k $2.8m $2.8m 0.00% Reduced -45.5k -45,498
75 RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio NEW YORK, NY 34,40034.4k $2.7m $2.7m 0.00% Reduced -20.0k -20,000
76 Employees Retirement System of Texas 0.04% of their portfolio AUSTIN, TX 34,25034.2k $2.7m $2.7m 0.04% Reduced -7.8k -7,810
77 PIN OAK INVESTMENT ADVISORS INC 3.00% of their portfolio HOUSTON, TX 34,23734.2k $2.7m $2.7m 3.00% Added +545 +545
78 Legal & General Group Plc 0.00% of their portfolio London, X0 33,80733.8k $2.7m $2.7m 0.00% Added +173 +173
79 SEI INVESTMENTS CO 0.00% of their portfolio OAKS, PA 33,36933.4k $2.6m $2.6m 0.00% Reduced -2.8k -2,823
80 STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio MADISON, WI 33,04133.0k $2.6m $2.6m 0.01% Reduced -1.9k -1,948
81 Motley Fool Asset Management LLC 0.22% of their portfolio ALEXANDRIA, VA 31,70931.7k $2.5m $2.5m 0.22% Reduced -313 -313
82 CANADA LIFE ASSURANCE Co 0.01% of their portfolio WINNIPEG, A2 30,66630.7k $2.4m $2.4m 0.01% Added +2.1k +2,084
83 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 29,93029.9k $2.4m $2.4m 0.00% Reduced -1.6k -1,602
84 INDEPENDENT INVESTORS INC 0.54% of their portfolio NESCONSET, NY 29,51229.5k $2.3m $2.3m 0.54% Reduced -1.2k -1,168
85 Thrivent Financial for Lutherans 0.01% of their portfolio Minneapolis, MN 28,84228.8k $2.3m $2.3m 0.01% Reduced -1.4k -1,417
86 Man Group plc 0.01% of their portfolio LONDON, X0 28,14628.1k $2.2m $2.2m 0.01% New
87 MADISON WEALTH MANAGEMENT 0.43% of their portfolio CINCINNATI, OH 27,00327.0k $2.1m $2.1m 0.43% Added +2.8k +2,815
88 JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio FLORHAM PARK, NJ 25,96926.0k $2.0m $2.0m 0.01% Reduced -8.3k -8,335
89 ACR Alpine Capital Research, LLC 0.08% of their portfolio ST. LOUIS, MO 25,73525.7k $2.0m $2.0m 0.08% Reduced -11.9k -11,926
90 OCCUDO QUANTITATIVE STRATEGIES LP 0.21% of their portfolio FORT LAUDERDALE, FL 25,50925.5k $2.0m $2.0m 0.21% New
91 STRS OHIO 0.01% of their portfolio COLUMBUS, OH 24,31924.3k $1.9m $1.9m 0.01% Reduced -27.9k -27,938
92 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 23,72423.7k $1.9m $1.9m 0.00% Reduced -110.8k -110,797
93 Graham Capital Management, L.P. 0.06% of their portfolio ROWAYTON, CT 21,61321.6k $1.7m $1.7m 0.06% Added +9.1k +9,121
94 Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.32% of their portfolio FORT WORTH, TX 21,28521.3k $1.7m $1.7m 0.32% Added +120 +120
95 CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio TORONTO ONTARIO, A6 20,00020.0k $1.6m $1.6m 0.00% Unchanged
96 KARPAS STRATEGIES, LLC 0.52% of their portfolio LITCHFIELD, CT 19,68219.7k $1.6m $1.6m 0.52% Unchanged
97 SeaBridge Investment Advisors LLC 0.50% of their portfolio SUMMIT, NJ 19,09319.1k $1.5m $1.5m 0.50% Reduced -420 -420
98 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 18,59118.6k $1.3m $1.3m 0.00% Added +6.6k +6,586
99 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 18,46118.5k $1.5m $1.5m 0.00% Reduced -1.8k -1,784
100 JANUS HENDERSON GROUP PLC 0.00% of their portfolio LONDON, X0 17,56417.6k $1.4m $1.4m 0.00% Added +75 +75