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 ($1.4m this quarter). Holder counts are more reliable. Shares outstanding: 50.3m as of 2024-05-01, 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 ≈ $72.66. Options: 6 managers hold calls ($9.1m notional), 7 hold puts ($10.2m).
Trends to Q1 2024
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 |
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 | 0 | 1 |
| Q4 2023 | 109 | 110 |
| Q1 2024 | 123 | 122 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2023 | $0 | $0 | — |
| Q3 2023 | $5.2m | $12.7m | 2.47 |
| Q4 2023 | $5.1m | $19.0m | 3.75 |
| Q1 2024 | $9.1m | $10.2m | 1.12 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +1.2m |
| MORGAN STANLEY | Added | +356.5k |
| Balyasny Asset Management L.P. | Added | +289.5k |
| DONALD SMITH & CO., INC. | Added | +272.7k |
| BANK OF AMERICA CORP /DE/ | Added | +249.4k |
| MILLENNIUM MANAGEMENT LLC | Added | +237.7k |
| DIMENSIONAL FUND ADVISORS LP | Added | +194.4k |
| NORGES BANK | Added | +182.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC | Added | +151.3k |
| Qube Research & Technologies Ltd | New | +145.1k |
Biggest sellers
| BAILLIE GIFFORD & CO | Reduced | -2.5m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Reduced | -401.8k |
| DEUTSCHE BANK AG\ | Reduced | -277.6k |
| Sumitomo Mitsui DS Asset Management Company, Ltd | Sold out | -271.7k |
| HARRIS ASSOCIATES L P | Reduced | -136.5k |
| JANE STREET GROUP, LLC | Reduced | -115.1k |
| VANGUARD GROUP INC | Reduced | -112.3k |
| BANK OF NOVA SCOTIA | Sold out | -103.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM | Sold out | -40.4k |
| ROYAL BANK OF CANADA | Reduced | -39.7k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $5.5m76.0k shares |
| CITADEL ADVISORS LLC | Added | $2.7m37.5k shares |
| SIMPLEX TRADING, LLC | Added | $573.0k7.9k shares |
| JANE STREET GROUP, LLC | New | $225.1k3.1k shares |
| GROUP ONE TRADING LLC | Added | $101.7k1.4k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.8m52.6k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $2.9m40.0k shares |
| CITADEL ADVISORS LLC | Reduced | $2.2m30.8k shares |
| JANE STREET GROUP, LLC | New | $740.7k10.2k shares |
| SIMPLEX TRADING, LLC | Added | $530.0k7.3k shares |
| GROUP ONE TRADING LLC | Reduced | $7.3k100 shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $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.
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 in Q1 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 |
|---|---|---|---|---|---|
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 0 | — | 0 | — | — |
| Q4 2022 | 0 | — | 0 | — | — |
| Q1 2023 | 0 | — | 0 | — | — |
| Q2 2023 | 0 | — | 0 | — | — |
| Q3 2023 | 1 | $17.6m | 1 | $150.0k | — |
| Q4 2023 | 1 | $145.3m | 1 | $30.3k | — |
| Q1 2024 | 0 | — | 4 | $325.3k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-03-15 | Melton Heath President, Phoenix Region | Sold | $140.5k1.9k shares |
| 2024-01-04 | Williams Anthony Director | Sold | $70.5k850 shares |
| 2024-01-04 | Johnstone Douglas Regional President, Hawaii | Sold | $54.6k658 shares |
| 2024-01-02 | Carman James President, Houston Region | Sold | $59.7k700 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, Q1 2024
| Manager | Shares | Change |
|---|---|---|
| Pershing Square Capital Management, L.P. 12.72% of their portfolio | 18.9m $1.4bn | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 4.5m $325.6m | Reduced -112.3k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.5m $185.0m | Added +194.4k |
| HARRIS ASSOCIATES L P 0.22% of their portfolio | 1.9m $137.6m | Reduced -136.5k |
| BlackRock Inc. 0.00% of their portfolio | 1.7m $120.1m | Added +8.9k |
| PRINCIPAL FINANCIAL GROUP INC 0.06% of their portfolio | 1.5m $107.8m | Reduced -28.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 1.3m $96.4m | Added +1.2m |
| DONALD SMITH & CO., INC. 2.19% of their portfolio | 1.3m $94.1m | Added +272.7k |
| MORGAN STANLEY 0.00% of their portfolio | 1.2m $87.4m | Added +356.5k |
| Brandywine Global Investment Management, LLC 0.35% of their portfolio | 657.9k $47.8m | Added +29.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.15% of their portfolio | 607.2k $44.1m | Reduced -401.8k |
| NEW SOUTH CAPITAL MANAGEMENT INC 1.84% of their portfolio | 606.6k $44.1m | Reduced -9.8k |
| STATE STREET CORP 0.00% of their portfolio | 589.6k $42.8m | Reduced -120 |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 567.0k $41.2m | Added +9.0k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.72% of their portfolio | 525.4k $38.2m | Reduced -35.9k |
| NORGES BANK 0.01% of their portfolio | 490.2k $35.6m | Added +182.0k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 427.4k $31.0m | Added +249.4k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 383.1k $27.8m | Added +49.1k |
| Balyasny Asset Management L.P. 0.06% of their portfolio | 339.5k $24.7m | Added +289.5k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.11% of their portfolio | 337.4k $24.5m | Added +151.3k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 326.3k $23.7m | Added +7.5k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 274.8k $20.0m | Added +11.8k |
| MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio | 273.0k $19.8m | Added +237.7k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 267.6k $19.4m | Reduced -3.9k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 247.9k $18.0m | Added +2.2k |
| FIRST MANHATTAN CO. LLC. 0.06% of their portfolio | 244.7k $17.8m | Added +25.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 208.2k $15.1m | Reduced -6.8k |
| Motley Fool Wealth Management, LLC 0.75% of their portfolio | 200.3k $14.5m | Reduced -511 |
| NORTHERN TRUST CORP 0.00% of their portfolio | 181.2k $13.2m | Reduced -3.4k |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 179.0k $13.0m | Added +2.4k |
| Schonfeld Strategic Advisors LLC 0.10% of their portfolio | 172.6k $12.5m | Added +10.1k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 172.2k $12.5m | Reduced -10.0k |
| Mesirow Institutional Investment Management, Inc. 1.01% of their portfolio | 156.9k $11.4m | Added +21.4k |
| BEACH INVESTMENT COUNSEL INC/PA 1.62% of their portfolio | 153.5k $13.1m | Added +248 |
| PROSPECTOR PARTNERS LLC 1.26% of their portfolio | 150.4k $10.9m | Added +2.3k |
| Invesco Ltd. 0.00% of their portfolio | 150.1k $10.9m | Added +96.5k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 145.1k $10.5m | New |
| SOROS FUND MANAGEMENT LLC 0.24% of their portfolio | 145.0k $10.5m | New |
| INGALLS & SNYDER LLC 0.38% of their portfolio | 117.3k $8.5m | Reduced -974 |
| Ancora Advisors LLC 0.18% of their portfolio | 109.3k $7.9m | Added +12.9k |
| Mitsubishi UFJ Trust & Banking Corp 0.02% of their portfolio | 107.2k $7.8m | Reduced -26.5k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 106.2k $7.7m | Reduced -537 |
| Bernzott Capital Advisors 3.02% of their portfolio | 105.0k $7.6m | Reduced -377 |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 103.5k $7.5m | Added +34.4k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 101.8k $7.4m | Reduced -13.4k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 96.7k $7.0m | Reduced -2.3k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 94.1k $6.8m | Added +93.6k |
| D. E. Shaw & Co., Inc. 0.01% of their portfolio | 91.7k $6.7m | Added +13.3k |
| TWO SIGMA INVESTMENTS, LP 0.02% of their portfolio | 88.5k $6.4m | New |
| Candriam S.C.A. 0.04% of their portfolio | 81.0k $5.9m | Added +39.8k |
| SCOGGIN MANAGEMENT LP 4.32% of their portfolio | 80.0k $5.8m | New |
| ExodusPoint Capital Management, LP 0.07% of their portfolio | 76.3k $5.5m | Reduced -2.2k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 74.0k $5.4m | Unchanged |
| Squarepoint Ops LLC 0.02% of their portfolio | 65.8k $4.8m | Added +28.4k |
| California Public Employees Retirement System 0.00% of their portfolio | 65.8k $4.8m | Reduced -4.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 65.0k $4.7m | Added +5.1k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 64.3k $4.7m | Reduced -7.7k |
| Swiss National Bank 0.00% of their portfolio | 64.2k $4.7m | Reduced -5.0k |
| Atria Wealth Solutions, Inc. 0.05% of their portfolio | 62.7k $4.6m | Reduced -666 |
| Gotham Asset Management, LLC 0.07% of their portfolio | 61.8k $4.5m | New |
| River Road Asset Management, LLC 0.06% of their portfolio | 58.5k $4.2m | Reduced -606 |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 52.5k $3.8m | Reduced -8.0k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 52.0k $3.8m | Added +16.0k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 48.8k $3.5m | Reduced -7.3k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 47.3k $3.4m | Added +2.9k |
| Redwood Investment Management, LLC 0.31% of their portfolio | 45.0k $3.3m | Added +7.4k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 44.5k $3.2m | Reduced -277.6k |
| Concorde Financial Corp 2.91% of their portfolio | 44.1k $3.2m | Added +2.9k |
| CREDIT SUISSE AG/ 0.00% of their portfolio | 43.6k $3.2m | Reduced -1.5k |
| TWINBEECH CAPITAL LP 0.06% of their portfolio | 42.8k $3.1m | New |
| Swedbank AB 0.00% of their portfolio | 40.0k $2.9m | Unchanged |
| Legal & General Group Plc 0.00% of their portfolio | 39.0k $2.8m | Reduced -2.0k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 37.0k $2.7m | Reduced -261 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 36.7k $2.7m | Reduced -5.7k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 35.6k $2.6m | Reduced -1.8k |
| TUDOR INVESTMENT CORP ET AL 0.03% of their portfolio | 34.9k $2.5m | Reduced -11.0k |
| SG Americas Securities, LLC 0.01% of their portfolio | 34.7k $2.5m | New |
| PIN OAK INVESTMENT ADVISORS INC 2.37% of their portfolio | 34.0k $2.5m | Reduced -52 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 32.7k $2.4m | Reduced -4.2k |
| KARPAS STRATEGIES, LLC 0.73% of their portfolio | 32.2k $2.3m | Added +12.1k |
| UBS Group AG 0.00% of their portfolio | 30.3k $2.2m | Added +1.8k |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 30.1k $2.2m | Reduced -115.1k |
| Pinnacle Financial Partners Inc 0.05% of their portfolio | 29.6k $2.2m | Added +32 |
| INDEPENDENT INVESTORS INC 0.50% of their portfolio | 29.0k $2.1m | Unchanged |
| BARCLAYS PLC 0.00% of their portfolio | 29.0k $2.1m | Reduced -5.7k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 27.5k $2.0m | Unchanged |
| ACR Alpine Capital Research, LLC 0.06% of their portfolio | 27.5k $2.0m | Added +3.0k |
| Employees Retirement System of Texas 0.02% of their portfolio | 27.2k $2.0m | Reduced -17.9k |
| Amundi 0.00% of their portfolio | 26.0k $1.6m | New |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 24.7k $1.8m | Unchanged |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 24.2k $1.8m | Added +398 |
| MAI Capital Management 0.02% of their portfolio | 23.4k $1.7m | New |
| TRUIST FINANCIAL CORP 0.00% of their portfolio | 22.1k $1.6m | Reduced -965 |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.25% of their portfolio | 21.2k $1.5m | Added +636 |
| STRS OHIO 0.01% of their portfolio | 20.9k $1.5m | Added +5.5k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio | 20.2k $1.5m | Reduced -4.8k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 20.1k $1.5m | Added +9.2k |
| CIBC WORLD MARKETS CORP 0.01% of their portfolio | 19.7k $1.4m | Added +8.8k |
| Man Group plc 0.00% of their portfolio | 19.3k $1.4m | Reduced -7.8k |
| JANUS HENDERSON GROUP PLC 0.00% of their portfolio | 17.5k $1.3m | Added +1 |