HOWARD HUGHES HOLDINGS INC HHH
COM · Common Stock · CUSIP 44267T102 · ISIN US44267T1025
Real estate development and management company based in Dallas, Texas
- SectorReal estate
- IndustryReal Estate Investment Trusts
- HeadquartersThe Woodlands, TX
- Founded1913
- Websitehowardhughes.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 ($2.4m this quarter). Holder counts are more reliable. Shares outstanding: 59.7m as of 2026-07-29, 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 ≈ $71.49. Options: 8 managers hold calls ($33.2m notional), 9 hold puts ($36.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 1 |
| Q4 2022 | 0 |
| Q1 2023 | 0 |
| Q2 2023 | 0 |
| Q3 2023 | 209 |
| Q4 2023 | 247 |
| Q1 2024 | 258 |
| Q2 2024 | 267 |
| Q3 2024 | 290 |
| Q4 2024 | 304 |
| Q1 2025 | 297 |
| Q2 2025 | 281 |
| Q3 2025 | 299 |
| Q4 2025 | 332 |
| Q1 2026 | 292 |
| Q2 2026 | 305 |
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 2024 | 142 | 125 |
| Q4 2024 | 138 | 122 |
| Q1 2025 | 136 | 144 |
| Q2 2025 | 141 | 165 |
| Q3 2025 | 145 | 136 |
| Q4 2025 | 166 | 133 |
| Q1 2026 | 134 | 176 |
| Q2 2026 | 165 | 140 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $63.6m | $67.7m | 1.06 |
| Q4 2025 | $39.0m | $32.3m | 0.83 |
| Q1 2026 | $33.0m | $16.4m | 0.50 |
| Q2 2026 | $33.2m | $36.0m | 1.08 |
Biggest buyers
| PERSHING SQUARE INC. | Added | +18.9m |
| Flat Footed LLC | Added | +405.1k |
| CITADEL ADVISORS LLC | New | +334.6k |
| Gotham Asset Management, LLC | Added | +303.2k |
| JANE STREET GROUP, LLC | New | +269.6k |
| HRT FINANCIAL LP | New | +256.6k |
| AMERICAN CENTURY COMPANIES INC | Added | +185.9k |
| Permanens Capital L.P. | New | +169.1k |
| BlackRock, Inc. | Added | +139.9k |
| 683 Capital Management, LLC | Added | +104.5k |
Biggest sellers
| VANGUARD PORTFOLIO MANAGEMENT LLC | Reduced | -386.2k |
| Northern Right Capital Management, L.P. | Sold out | -382.7k |
| VANGUARD CAPITAL MANAGEMENT LLC | Reduced | -287.9k |
| Incline Global Management LLC | Sold out | -184.9k |
| LMR Partners LLP | Sold out | -158.9k |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Reduced | -140.9k |
| TUDOR INVESTMENT CORP ET AL | Sold out | -133.7k |
| ZACKS INVESTMENT MANAGEMENT | Sold out | -108.0k |
| FIRST MANHATTAN CO. LLC. | Reduced | -90.0k |
| Motley Fool Wealth Management, LLC | Sold out | -86.1k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $11.3m158.1k shares |
| GROUP ONE TRADING LLC | Reduced | $6.9m96.4k shares |
| CITADEL ADVISORS LLC | Reduced | $6.0m84.2k shares |
| Tidal Investments LLC | Reduced | $4.4m61.2k shares |
| JANE STREET GROUP, LLC | Added | $3.3m45.6k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $915.1k12.8k shares |
| SIMPLEX TRADING, LLC | Reduced | $436.1k6.1k shares |
| Global Retirement Partners, LLC | First filing | $1.4k200 shares |
Biggest puts
| WELLS FARGO & COMPANY/MN | Added | $22.4m313.4k shares |
| CITADEL ADVISORS LLC | Added | $3.7m51.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $3.6m50.9k shares |
| JANE STREET GROUP, LLC | Reduced | $1.9m26.4k shares |
| PEAK6 LLC | Reduced | $1.8m25.7k shares |
| GROUP ONE TRADING LLC | Added | $1.0m14.3k shares |
| SIMPLEX TRADING, LLC | Added | $693.5k9.7k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $650.6k9.1k shares |
| TUDOR INVESTMENT CORP ET AL | New | $200.2k2.8k 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 |
|---|---|
Pershing Square Capital Management, L.P.
13D · may seek influence
no change · filed 2026-06-08
Stated purposeItem 4 of the Schedule 13D is hereby amended and supplemented by adding the following information: On June 4, 2026 (the "Closing Date"), Howard Hughes Insurance Holdings, LLC, a Delaware limited liability company ("Buyer") and wholly-owned subsidiary of the Issuer completed its previously announced acquisition (the "Vantage Transaction") of Vantage Group Holdings, Ltd., a Bermuda exempted company with liability limited by shares (such entity, "Vantage", and the completion of such transaction, the "Closing"), pursuant to that certain Purchase and Sale Agreement (the "Purchase Agreement"), dated as of December 17, 2025, by and among Buyer, Vantage, Carlyle Partners VII Cayman Holdings V, L.P., a Cayman Islands exempted limited partnership (the "Carlyle Investor"), H&F Vantage Aggregator, L.… Full filing |
46.7% |
| DIMENSIONAL FUND ADVISORS LP 13G · institution new · filed 2026-10-08 | 5.1% |
Fell to 5% or below in the last year: VANGUARD PORTFOLIO MANAGEMENT LLC (4.4%, 2026-07-31), VANGUARD GROUP INC (0.0%, 2026-03-27)
Insider purchases and sales since 1 Apr 2026
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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 0 | — | 0 | — | — |
| Q2 2025 | 1 | $49.0k | 0 | — | — |
| Q3 2025 | 0 | — | 1 | $87.5k | — |
| Q4 2025 | 1 | $389.7k | 1 | $533.0k | — |
| Q1 2026 | 1 | $81.2k | 1 | $104.5k | — |
| Q2 2026 | 0 | — | 1 | $96.3k | — |
| Q3 2026 | 2 | $1.7m | 1 | $907.5k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-23 | GRANDISSON MARC Executive Chairman, Vantage, director | Bought | $1.6m25.0k shares |
| 2026-09-23 | Davis Andrew D. Chief Operating Officer, HHC | Bought | $64.5k1.0k shares |
| 2026-08-11 | Tighe Mary Ann Director · See Footnote | Sold | $907.5k13.5k shares |
| 2026-05-15 | Carman James President, Houston Region | Sold | $96.3k1.5k 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 2026
| Manager | Shares | Change |
|---|---|---|
| PERSHING SQUARE INC. 10.23% of their portfolio | 27.9m $2.0bn | Added +18.9m |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.9m $209.1m | Added +102.3k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.6m $187.4m | Reduced -386.2k |
| BlackRock, Inc. 0.00% of their portfolio | 1.6m $115.8m | Added +139.9k |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.5m $106.8m | Added +23.8k |
| AMERICAN CENTURY COMPANIES INC 0.05% of their portfolio | 1.4m $101.9m | Added +185.9k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.4m $97.3m | Reduced -287.9k |
| DONALD SMITH & CO., INC. 1.27% of their portfolio | 1.0m $71.7m | Reduced -41.0k |
| Long Focus Capital Management, LLC 2.14% of their portfolio | 733.7k $52.5m | Unchanged |
| Flat Footed LLC 7.68% of their portfolio | 620.4k $44.4m | Added +405.1k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 600.9k $43.0m | Added +844 |
| Gotham Asset Management, LLC 0.10% of their portfolio | 598.3k $42.8m | Added +303.2k |
| STATE STREET CORP 0.00% of their portfolio | 585.8k $41.9m | Added +13.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 565.1k $40.4m | Added +8.8k |
| River Road Asset Management, LLC 0.39% of their portfolio | 492.1k $35.2m | Reduced -18.3k |
| MORGAN STANLEY 0.00% of their portfolio | 398.2k $28.5m | Added +62.3k |
| NORGES BANK 0.00% of their portfolio | 365.6k $26.1m | Not comparable |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 334.6k $23.9m | New |
| JCP Investment Management, LLC 12.00% of their portfolio | 314.1k $22.5m | Added +80.0k |
| UBS Group AG 0.00% of their portfolio | 306.3k $21.9m | Added +86.6k |
| Consulta Ltd 0.77% of their portfolio | 300.0k $21.4m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 294.2k $21.0m | Reduced -10.3k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 284.7k $20.4m | Reduced -81.7k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 269.6k $19.3m | New |
| HRT FINANCIAL LP 0.04% of their portfolio | 256.6k $18.3m | New |
| NORTHERN TRUST CORP 0.00% of their portfolio | 250.7k $17.9m | Added +27.9k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 222.7k $15.9m | Added +16.4k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 201.4k $14.4m | Added +9.5k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 193.9k $13.9m | Reduced -1.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 190.6k $13.6m | Added +46.1k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 190.3k $13.6m | Reduced -2.5k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 181.4k $13.0m | Added +83.7k |
| Permanens Capital L.P. 1.24% of their portfolio | 169.1k $12.1m | New |
| FIRST MANHATTAN CO. LLC. 0.03% of their portfolio | 149.8k $10.7m | Reduced -90.0k |
| MARSHALL WACE, LLP 0.01% of their portfolio | 149.3k $10.7m | Added +100.9k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 143.0k $10.2m | Unchanged |
| H/2 CREDIT MANAGER LP 1.91% of their portfolio | 140.3k $10.0m | Unchanged |
| 683 Capital Management, LLC 0.92% of their portfolio | 140.0k $10.0m | Added +104.5k |
| Jump Financial, LLC 0.09% of their portfolio | 137.2k $9.8m | Added +78.8k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 136.7k $9.8m | Reduced -2.2k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 131.5k $9.4m | Reduced -4.6k |
| Northside Capital Management, LLC 0.76% of their portfolio | 130.4k $9.3m | Reduced -46 |
| Amundi 0.00% of their portfolio | 112.9k $8.1m | Added +948 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 108.0k $7.7m | Added +4.7k |
| Sowell Financial Services LLC 0.24% of their portfolio | 104.9k $7.5m | Added +3.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 100.0k $7.1m | Added +5.2k |
| Bernzott Capital Advisors 2.50% of their portfolio | 87.4k $6.2m | Reduced -2.9k |
| INGALLS & SNYDER LLC 0.17% of their portfolio | 86.8k $6.2m | Reduced -498 |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.29% of their portfolio | 85.0k $6.1m | Reduced -64.2k |
| OSSIAM 0.08% of their portfolio | 85.0k $6.1m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 84.2k $6.2m | Reduced -21.5k |
| Squarepoint Ops LLC 0.01% of their portfolio | 83.4k $6.0m | Added +69.9k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 75.1k $5.4m | Added +17.1k |
| Invesco Ltd. 0.00% of their portfolio | 72.0k $5.1m | Reduced -1.6k |
| Nuveen, LLC 0.00% of their portfolio | 72.0k $5.1m | Added +3.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 65.3k $4.7m | Reduced -6.4k |
| Tidal Investments LLC 0.01% of their portfolio | 64.1k $4.6m | Reduced -11.6k |
| Swiss National Bank 0.00% of their portfolio | 62.8k $4.5m | Reduced -1.7k |
| INTREPID CAPITAL MANAGEMENT INC 1.57% of their portfolio | 61.9k $4.4m | Added +17.6k |
| Balyasny Asset Management L.P. 0.01% of their portfolio | 59.9k $4.3m | Added +55.7k |
| PIN OAK INVESTMENT ADVISORS INC 3.04% of their portfolio | 59.8k $4.3m | Reduced -1.1k |
| LPL Financial LLC 0.00% of their portfolio | 58.5k $4.2m | Added +10.1k |
| Walleye Partners, LLC 4.53% of their portfolio | 55.7k $4.0m | Reduced -1.5k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.04% of their portfolio | 55.5k $4.0m | Reduced -140.9k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 55.0k $3.9m | Reduced -6.6k |
| IFC Advisors LLC 0.48% of their portfolio | 53.1k $3.8m | Added +430 |
| Apollon Wealth Management, LLC 0.04% of their portfolio | 48.8k $3.5m | New |
| CITIGROUP INC 0.00% of their portfolio | 48.6k $3.5m | Reduced -5.7k |
| Quantinno Capital Management LP 0.00% of their portfolio | 41.3k $3.0m | Added +24.7k |
| SteelPeak Wealth, LLC 0.08% of their portfolio | 40.2k $2.9m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 35.4k $2.5m | Reduced -5.0k |
| OP Asset Management Ltd 0.03% of their portfolio | 35.2k $2.5m | Unchanged |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.01% of their portfolio | 34.7k $2.5m | Unchanged |
| Y-Intercept (Hong Kong) Ltd 0.05% of their portfolio | 33.6k $2.4m | New |
| Jain Global LLC 0.03% of their portfolio | 30.9k $2.2m | New |
| Proficio Capital Partners LLC 0.08% of their portfolio | 30.6k $2.2m | Reduced -7.5k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 30.6k $2.2m | Reduced -600 |
| Sage Investment Counsel LLC 2.06% of their portfolio | 28.8k $2.1m | Added +1.6k |
| INDEPENDENT INVESTORS INC 0.39% of their portfolio | 28.6k $2.0m | Unchanged |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.11% of their portfolio | 28.2k $2.0m | Reduced -6.9k |
| Legal & General Group Plc 0.00% of their portfolio | 27.3k $2.0m | Added +4.7k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio | 27.2k $1.9m | Reduced -47.1k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 27.1k $1.9m | Added +1.5k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 27.0k $1.9m | Reduced -229 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 26.7k $1.9m | Added +1.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 26.0k $1.9m | Reduced -2.0k |
| BARCLAYS PLC 0.00% of their portfolio | 25.4k $1.8m | Reduced -108 |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 23.9k $1.7m | Reduced -414 |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.20% of their portfolio | 23.6k $1.7m | Added +684 |
| LAZARD ASSET MANAGEMENT LLC 0.00% of their portfolio | 23.3k $1.7m | Added +641 |
| DARK FOREST CAPITAL MANAGEMENT LP 0.11% of their portfolio | 22.9k $1.6m | Reduced -36.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 22.7k $1.6m | Reduced -78.0k |
| Regency Capital Management Inc.\DE 0.63% of their portfolio | 22.2k $1.6m | New |
| Steward Partners Investment Advisory, LLC 0.01% of their portfolio | 21.5k $1.5m | Added +136 |
| Annex Advisory Services, LLC 0.03% of their portfolio | 21.5k $1.5m | Reduced -1.8k |
| Holocene Advisors, LP 0.00% of their portfolio | 21.2k $1.5m | New |
| Brevan Howard Capital Management LP 0.02% of their portfolio | 19.8k $1.4m | Added +12.2k |
| STIFEL FINANCIAL CORP 0.00% of their portfolio | 18.9k $1.4m | Added +14.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 17.5k $1.3m | Added +394 |
| OSAIC HOLDINGS, INC. 0.00% of their portfolio | 17.3k $1.2m | Added +14.2k |