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 ($1.9m this quarter). Holder counts are more reliable. Shares outstanding: 50.2m as of 2024-07-22, 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 ≈ $64.81. Options: 8 managers hold calls ($18.8m notional), 9 hold puts ($10.1m).
Trends to Q2 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 |
| Q2 2024 | 267 |
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 |
| Q2 2024 | 140 | 121 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2023 | $5.2m | $12.7m | 2.47 |
| Q4 2023 | $5.1m | $19.0m | 3.75 |
| Q1 2024 | $9.1m | $10.2m | 1.12 |
| Q2 2024 | $18.8m | $10.1m | 0.54 |
Biggest buyers
| DENDUR CAPITAL LP | New | +552.5k |
| DONALD SMITH & CO., INC. | Added | +356.0k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | New | +319.8k |
| Amundi | Added | +296.1k |
| Alberta Investment Management Corp | New | +249.0k |
| Northern Right Capital Management, L.P. | New | +192.9k |
| Incline Global Management LLC | New | +163.5k |
| ArrowMark Colorado Holdings LLC | Added | +161.3k |
| JANE STREET GROUP, LLC | Added | +156.0k |
| Phase 2 Partners, LLC | New | +145.4k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -1.0m |
| MORGAN STANLEY | Reduced | -953.1k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Sold out | -607.2k |
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -350.0k |
| Schonfeld Strategic Advisors LLC | Reduced | -162.5k |
| SOROS FUND MANAGEMENT LLC | Sold out | -145.0k |
| NORGES BANK | Reduced | -124.3k |
| Qube Research & Technologies Ltd | Reduced | -108.5k |
| Mitsubishi UFJ Trust & Banking Corp | Sold out | -107.2k |
| TWO SIGMA INVESTMENTS, LP | Sold out | -88.5k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $8.7m133.6k shares |
| JANE STREET GROUP, LLC | Added | $3.6m55.5k shares |
| CITADEL ADVISORS LLC | Added | $3.6m55.2k shares |
| SIMPLEX TRADING, LLC | Added | $2.0m30.9k shares |
| WOLVERINE TRADING, LLC | New | $460.2k7.1k shares |
| Cubist Systematic Strategies, LLC | New | $388.9k6.0k shares |
| GROUP ONE TRADING LLC | Added | $103.7k1.6k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.4m51.7k shares |
| WOLVERINE ASSET MANAGEMENT LLC | Added | $2.7m42.3k shares |
| CITADEL ADVISORS LLC | Added | $2.2m34.1k shares |
| D. E. Shaw & Co., Inc. | New | $609.3k9.4k shares |
| SIMPLEX TRADING, LLC | Added | $589.0k9.1k shares |
| Cubist Systematic Strategies, LLC | New | $337.1k5.2k shares |
| WOLVERINE TRADING, LLC | New | $233.4k3.6k shares |
| GROUP ONE TRADING LLC | Added | $71.3k1.1k 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 Q2 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q2 2024 | 1 | $52.4k | 1 | $40.2k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-06-25 | Verbinskaya Elena Chief Accounting Officer | Bought | $9.5k150 shares |
| 2024-06-21 | Verbinskaya Elena Chief Accounting Officer | Bought | $12.9k200 shares |
| 2024-06-11 | Verbinskaya Elena Chief Accounting Officer | Bought | $16.6k250 shares |
| 2024-06-07 | Verbinskaya Elena Chief Accounting Officer | Bought | $13.4k200 shares |
| 2024-05-28 | Williams Anthony Director | Sold | $20.1k311 shares |
| 2024-04-01 | Williams Anthony Director | Sold | $20.1k277 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 2024
| Manager | Shares | Change |
|---|---|---|
| Pershing Square Capital Management, L.P. 11.74% of their portfolio | 18.9m $1.2bn | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 4.6m $295.5m | Added +74.6k |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.5m $161.8m | Reduced -51.3k |
| HARRIS ASSOCIATES L P 0.21% of their portfolio | 2.0m $126.7m | Added +59.9k |
| DONALD SMITH & CO., INC. 2.73% of their portfolio | 1.7m $107.1m | Added +356.0k |
| BlackRock Inc. 0.00% of their portfolio | 1.6m $103.0m | Reduced -64.4k |
| PRINCIPAL FINANCIAL GROUP INC 0.04% of their portfolio | 1.1m $73.5m | Reduced -350.0k |
| Brandywine Global Investment Management, LLC 0.31% of their portfolio | 634.8k $41.1m | Reduced -23.2k |
| NEW SOUTH CAPITAL MANAGEMENT INC 1.77% of their portfolio | 609.3k $39.5m | Added +2.7k |
| STATE STREET CORP 0.00% of their portfolio | 586.7k $38.0m | Reduced -2.9k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 563.0k $36.5m | Reduced -4.1k |
| DENDUR CAPITAL LP 6.64% of their portfolio | 552.5k $35.8m | New |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.57% of their portfolio | 503.8k $32.7m | Reduced -21.6k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 413.4k $26.8m | Reduced -14.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.10% of their portfolio | 373.3k $24.2m | Added +35.9k |
| NORGES BANK 0.00% of their portfolio | 365.9k $23.7m | Reduced -124.3k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 340.2k $22.1m | Added +13.9k |
| Russell Investments Group, Ltd. 0.03% of their portfolio | 332.4k $21.5m | Reduced -50.7k |
| Amundi 0.01% of their portfolio | 322.1k $20.9m | Added +296.1k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 322.0k $20.9m | Reduced -17.5k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.90% of their portfolio | 319.8k $20.7m | New |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 312.2k $20.2m | Added +104.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 299.2k $19.4m | Reduced -1.0m |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 281.3k $18.2m | Added +6.5k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 271.5k $17.6m | Added +3.9k |
| MORGAN STANLEY 0.00% of their portfolio | 250.8k $16.3m | Reduced -953.1k |
| FIRST MANHATTAN CO. LLC. 0.05% of their portfolio | 249.7k $16.2m | Added +5.0k |
| Alberta Investment Management Corp 0.17% of their portfolio | 249.0k $16.1m | New |
| MILLENNIUM MANAGEMENT LLC 0.01% of their portfolio | 219.7k $14.2m | Reduced -53.3k |
| Mesirow Institutional Investment Management, Inc. 1.17% of their portfolio | 205.7k $13.3m | Added +48.8k |
| Motley Fool Wealth Management, LLC 0.67% of their portfolio | 204.2k $13.2m | Added +3.9k |
| Northern Right Capital Management, L.P. 4.62% of their portfolio | 192.9k $12.5m | New |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 186.2k $12.1m | Added +156.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 184.1k $11.9m | Added +2.9k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 171.9k $11.1m | Reduced -76.1k |
| ArrowMark Colorado Holdings LLC 0.13% of their portfolio | 165.9k $10.8m | Added +161.3k |
| Ancora Advisors LLC 0.27% of their portfolio | 165.4k $10.7m | Added +56.1k |
| Allianz Asset Management GmbH 0.02% of their portfolio | 163.8k $10.6m | Reduced -8.4k |
| Incline Global Management LLC 4.16% of their portfolio | 163.5k $10.1m | New |
| PROSPECTOR PARTNERS LLC 1.18% of their portfolio | 155.2k $10.1m | Added +4.8k |
| BTG Pactual Asset Management US LLC 2.52% of their portfolio | 155.0k $10.0m | First filing |
| Gotham Asset Management, LLC 0.13% of their portfolio | 149.9k $9.7m | Added +88.1k |
| Phase 2 Partners, LLC 5.67% of their portfolio | 145.4k $9.4m | New |
| 683 Capital Management, LLC 0.85% of their portfolio | 125.0k $8.1m | New |
| JENNISON ASSOCIATES LLC 0.01% of their portfolio | 121.4k $7.9m | Reduced -57.6k |
| INGALLS & SNYDER LLC 0.34% of their portfolio | 120.2k $7.8m | Added +2.9k |
| BEACH INVESTMENT COUNSEL INC/PA 0.95% of their portfolio | 118.5k $7.7m | Reduced -35.0k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 110.0k $7.1m | Added +3.8k |
| Bernzott Capital Advisors 3.28% of their portfolio | 109.8k $7.1m | Added +4.8k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 109.4k $7.1m | Added +7.6k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 100.7k $6.5m | Added +56.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 96.9k $6.3m | Added +32.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND 0.02% of their portfolio | 96.4k $6.2m | Added +22.4k |
| Squarepoint Ops LLC 0.02% of their portfolio | 93.3k $6.0m | Added +27.5k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 88.4k $5.7m | Reduced -5.8k |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 87.4k $5.7m | Reduced -9.2k |
| Invesco Ltd. 0.00% of their portfolio | 85.0k $5.5m | Reduced -65.2k |
| Empyrean Capital Partners, LP 0.30% of their portfolio | 75.0k $4.9m | New |
| Swiss National Bank 0.00% of their portfolio | 64.2k $4.2m | Unchanged |
| CITIGROUP INC 0.00% of their portfolio | 63.8k $4.1m | Added +53.7k |
| Atria Wealth Solutions, Inc. 0.04% of their portfolio | 61.9k $4.0m | Reduced -801 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 59.9k $3.9m | Reduced -4.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 56.4k $3.7m | Added +7.6k |
| River Road Asset Management, LLC 0.05% of their portfolio | 56.0k $3.6m | Reduced -2.4k |
| California Public Employees Retirement System 0.00% of their portfolio | 54.5k $3.5m | Reduced -11.3k |
| PIN OAK INVESTMENT ADVISORS INC 3.27% of their portfolio | 52.8k $3.4m | Added +18.7k |
| HSBC HOLDINGS PLC 0.00% of their portfolio | 52.2k $3.4m | Added +227 |
| SEI INVESTMENTS CO 0.00% of their portfolio | 52.0k $3.4m | Added +4.8k |
| Annandale Capital, LLC 0.67% of their portfolio | 50.0k $3.2m | New |
| Redwood Investment Management, LLC 0.26% of their portfolio | 45.7k $3.0m | Added +769 |
| Concorde Financial Corp 1.95% of their portfolio | 45.7k $3.0m | Added +1.6k |
| ExodusPoint Capital Management, LP 0.03% of their portfolio | 45.1k $2.9m | Reduced -31.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 44.6k $2.9m | Added +19.9k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 44.2k $2.9m | Reduced -8.3k |
| Swedbank AB 0.00% of their portfolio | 40.0k $2.6m | Unchanged |
| Qube Research & Technologies Ltd 0.00% of their portfolio | 36.6k $2.4m | Reduced -108.5k |
| RENAISSANCE TECHNOLOGIES LLC 0.00% of their portfolio | 36.2k $2.3m | Reduced -67.3k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 35.7k $2.3m | Reduced -1.3k |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 33.6k $2.2m | Reduced -3.1k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 32.9k $2.1m | New |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 32.7k $2.1m | Reduced -2.9k |
| UBS Group AG 0.00% of their portfolio | 32.2k $2.1m | Added +1.9k |
| KARPAS STRATEGIES, LLC 0.65% of their portfolio | 32.0k $2.1m | Reduced -187 |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 31.8k $2.1m | Reduced -850 |
| Jump Financial, LLC 0.04% of their portfolio | 31.6k $2.0m | New |
| MAI Capital Management 0.02% of their portfolio | 31.2k $2.0m | Added +7.7k |
| D. E. Shaw & Co., Inc. 0.00% of their portfolio | 30.8k $2.0m | Reduced -60.9k |
| HRT FINANCIAL LP 0.01% of their portfolio | 30.5k $2.0m | New |
| Legal & General Group Plc 0.00% of their portfolio | 30.3k $2.0m | Reduced -8.7k |
| Pinnacle Financial Partners Inc 0.04% of their portfolio | 29.6k $2.0m | Unchanged |
| INTREPID CAPITAL MANAGEMENT INC 1.22% of their portfolio | 29.6k $1.9m | Added +25.7k |
| INDEPENDENT INVESTORS INC 0.41% of their portfolio | 29.0k $1.9m | Unchanged |
| ACR Alpine Capital Research, LLC 0.06% of their portfolio | 28.6k $1.9m | Added +1.1k |
| BARCLAYS PLC 0.00% of their portfolio | 28.3k $1.8m | Reduced -622 |
| Employees Retirement System of Texas 0.02% of their portfolio | 27.2k $1.8m | Unchanged |
| Verition Fund Management LLC 0.01% of their portfolio | 27.2k $1.8m | Added +9.9k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 26.4k $1.7m | Reduced -1.1k |
| LDR Capital Management LLC 1.53% of their portfolio | 26.0k $1.7m | Added +8.5k |
| AlphaQuest LLC 0.21% of their portfolio | 24.1k $1.6m | Added +18.6k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 24.1k $1.6m | Reduced -99 |