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 ($8.0m this quarter). Holder counts are more reliable. Shares outstanding: 50.1m as of 2024-10-28, 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 ≈ $77.42. Options: 9 managers hold calls ($22.7m notional), 8 hold puts ($9.1m).
Trends to Q3 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 |
| Q3 2024 | 290 |
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 |
| Q3 2024 | 142 | 125 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q4 2023 | $5.1m | $19.0m | 3.75 |
| Q1 2024 | $9.1m | $10.2m | 1.12 |
| Q2 2024 | $18.8m | $10.1m | 0.54 |
| Q3 2024 | $22.7m | $9.1m | 0.40 |
Biggest buyers
| JPMORGAN CHASE & CO | Added | +675.0k |
| T. Rowe Price Investment Management, Inc. | New | +558.9k |
| Pertento Partners LLP | New | +175.9k |
| Sycale Advisors (NY) LLC | New | +154.9k |
| AMERICAN CENTURY COMPANIES INC | Added | +144.0k |
| Empyrean Capital Partners, LP | Added | +134.0k |
| DENDUR CAPITAL LP | Added | +110.5k |
| Impax Asset Management Group plc | New | +100.0k |
| ADVISORY RESEARCH INC | New | +99.0k |
| Amundi | Added | +92.3k |
Biggest sellers
| PRINCIPAL FINANCIAL GROUP INC | Reduced | -1.1m |
| MILLENNIUM MANAGEMENT LLC | Reduced | -196.7k |
| Balyasny Asset Management L.P. | Reduced | -183.6k |
| JANE STREET GROUP, LLC | Reduced | -172.9k |
| Allianz Asset Management GmbH | Sold out | -163.8k |
| JENNISON ASSOCIATES LLC | Sold out | -121.4k |
| VANGUARD GROUP INC | Reduced | -114.0k |
| HEALTHCARE OF ONTARIO PENSION PLAN TRUST FUND | Sold out | -96.4k |
| BANK OF AMERICA CORP /DE/ | Reduced | -92.6k |
| DEUTSCHE BANK AG\ | Reduced | -89.0k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $10.1m130.1k shares |
| CITADEL ADVISORS LLC | Unchanged | $4.3m55.2k shares |
| GROUP ONE TRADING LLC | Added | $3.2m41.0k shares |
| JANE STREET GROUP, LLC | Reduced | $2.7m34.9k shares |
| Belvedere Trading LLC | New | $994.8k12.7k shares |
| SIMPLEX TRADING, LLC | Added | $986.0k33.7k shares |
| Cubist Systematic Strategies, LLC | Reduced | $247.8k3.2k shares |
| GTS SECURITIES LLC | New | $216.8k2.8k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| WOLVERINE ASSET MANAGEMENT LLC | Added | $3.4m43.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $3.0m39.1k shares |
| CITADEL ADVISORS LLC | Reduced | $1.1m14.0k shares |
| D. E. Shaw & Co., Inc. | Unchanged | $727.8k9.4k shares |
| Cubist Systematic Strategies, LLC | Unchanged | $402.6k5.2k shares |
| SIMPLEX TRADING, LLC | Added | $305.0k12.0k shares |
| GROUP ONE TRADING LLC | Added | $154.9k2.0k 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 Q3 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 |
|---|---|---|---|---|---|
| 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 | — |
| Q3 2024 | 1 | $9.8k | 0 | — | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2024-07-05 | Verbinskaya Elena Chief Accounting Officer | Bought | $9.8k150 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, Q3 2024
| Manager | Shares | Change |
|---|---|---|
| Pershing Square Capital Management, L.P. 11.30% of their portfolio | 18.9m $1.5bn | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 4.4m $344.1m | Reduced -114.0k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.5m $190.6m | Reduced -34.5k |
| HARRIS ASSOCIATES L P 0.20% of their portfolio | 1.9m $150.7m | Reduced -8.9k |
| DONALD SMITH & CO., INC. 3.02% of their portfolio | 1.7m $127.9m | Added +141 |
| BlackRock, Inc. 0.00% of their portfolio | 1.6m $125.1m | First filing |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 974.2k $75.4m | Added +675.0k |
| DENDUR CAPITAL LP 7.29% of their portfolio | 663.0k $51.3m | Added +110.5k |
| Brandywine Global Investment Management, LLC 0.33% of their portfolio | 633.6k $48.8m | Reduced -1.1k |
| STATE STREET CORP 0.00% of their portfolio | 605.8k $46.9m | Added +19.0k |
| NEW SOUTH CAPITAL MANAGEMENT INC 1.91% of their portfolio | 602.2k $46.6m | Reduced -7.1k |
| T. Rowe Price Investment Management, Inc. 0.03% of their portfolio | 558.9k $43.3m | New |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 548.8k $42.5m | Reduced -14.2k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.57% of their portfolio | 495.8k $38.4m | Reduced -8.0k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.14% of their portfolio | 456.1k $35.3m | Added +82.7k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 415.6k $32.2m | Added +144.0k |
| Amundi 0.01% of their portfolio | 414.4k $31.4m | Added +92.3k |
| NORGES BANK 0.00% of their portfolio | 365.5k $28.3m | Reduced -424 |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 363.6k $28.2m | Added +31.2k |
| Clearbridge Investments, LLC 0.02% of their portfolio | 346.6k $26.8m | Added +6.5k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 320.8k $24.8m | Reduced -92.6k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 1.13% of their portfolio | 319.8k $24.8m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 313.7k $24.3m | Added +1.5k |
| MORGAN STANLEY 0.00% of their portfolio | 298.5k $23.1m | Added +47.7k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 276.6k $21.4m | Reduced -4.7k |
| FIRST MANHATTAN CO. LLC. 0.06% of their portfolio | 250.7k $19.4m | Added +1.0k |
| Alberta Investment Management Corp 0.17% of their portfolio | 249.0k $19.3m | Unchanged |
| Northern Right Capital Management, L.P. 6.59% of their portfolio | 228.6k $17.7m | Added +35.7k |
| Ancora Advisors LLC 0.38% of their portfolio | 215.7k $16.7m | Added +50.3k |
| Empyrean Capital Partners, LP 0.89% of their portfolio | 209.0k $16.2m | Added +134.0k |
| Motley Fool Wealth Management, LLC 0.76% of their portfolio | 196.7k $15.2m | Reduced -7.5k |
| Gotham Asset Management, LLC 0.15% of their portfolio | 187.4k $14.5m | Added +37.5k |
| BTG Pactual Asset Management US LLC 2.04% of their portfolio | 181.4k $14.0m | Added +26.4k |
| Mesirow Institutional Investment Management, Inc. 1.05% of their portfolio | 177.5k $13.7m | Reduced -28.2k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 176.7k $13.7m | Reduced -7.4k |
| Pertento Partners LLP 1.66% of their portfolio | 175.9k $13.6m | New |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 169.6k $13.1m | Reduced -2.3k |
| PROSPECTOR PARTNERS LLC 1.34% of their portfolio | 162.4k $12.6m | Added +7.2k |
| Rule One Partners, LLC 11.37% of their portfolio | 162.0k $12.5m | First filing |
| Sycale Advisors (NY) LLC 4.02% of their portfolio | 154.9k $12.0m | New |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 154.2k $11.9m | Added +65.8k |
| ArrowMark Colorado Holdings LLC 0.15% of their portfolio | 149.4k $11.6m | Reduced -16.5k |
| Balyasny Asset Management L.P. 0.03% of their portfolio | 138.4k $10.7m | Reduced -183.6k |
| 683 Capital Management, LLC 1.06% of their portfolio | 135.0k $10.5m | Added +10.0k |
| Incline Global Management LLC 4.33% of their portfolio | 126.0k $9.8m | Reduced -37.5k |
| INGALLS & SNYDER LLC 0.36% of their portfolio | 118.8k $9.2m | Reduced -1.4k |
| BEACH INVESTMENT COUNSEL INC/PA 1.12% of their portfolio | 117.3k $9.1m | Reduced -1.2k |
| Bernzott Capital Advisors 3.65% of their portfolio | 109.6k $8.5m | Reduced -211 |
| Bank of New York Mellon Corp 0.00% of their portfolio | 106.5k $8.2m | Reduced -2.9k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 104.9k $8.1m | Reduced -5.1k |
| Impax Asset Management Group plc 0.03% of their portfolio | 100.0k $7.7m | New |
| ADVISORY RESEARCH INC 1.36% of their portfolio | 99.0k $7.7m | New |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 97.1k $7.5m | Added +191 |
| River Road Asset Management, LLC 0.09% of their portfolio | 93.1k $7.2m | Added +37.0k |
| Invesco Ltd. 0.00% of their portfolio | 85.6k $6.6m | Added +610 |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 84.1k $6.5m | Reduced -3.3k |
| Squarepoint Ops LLC 0.02% of their portfolio | 82.3k $6.4m | Reduced -11.1k |
| TUDOR INVESTMENT CORP ET AL 0.06% of their portfolio | 73.2k $5.7m | New |
| ZACKS INVESTMENT MANAGEMENT 0.05% of their portfolio | 70.0k $5.4m | New |
| Swiss National Bank 0.00% of their portfolio | 63.8k $4.9m | Reduced -400 |
| CITIGROUP INC 0.00% of their portfolio | 62.8k $4.9m | Reduced -1.0k |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 59.4k $4.6m | Reduced -554 |
| Phase 2 Partners, LLC 2.66% of their portfolio | 58.2k $4.5m | Reduced -87.2k |
| Resolute Capital Asset Partners LLC 2.22% of their portfolio | 55.0k $4.3m | New |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 54.5k $4.2m | Reduced -1.9k |
| Concorde Financial Corp 2.46% of their portfolio | 53.9k $4.2m | Added +8.2k |
| PIN OAK INVESTMENT ADVISORS INC 3.73% of their portfolio | 53.0k $4.1m | Added +240 |
| Uniplan Investment Counsel, Inc. 0.35% of their portfolio | 52.4k $4.1m | New |
| ExodusPoint Capital Management, LP 0.04% of their portfolio | 47.4k $3.7m | Added +2.3k |
| Quinn Opportunity Partners LLC 0.36% of their portfolio | 46.3k $3.6m | Added +27.2k |
| HRT FINANCIAL LP 0.02% of their portfolio | 42.5k $3.3m | Added +11.9k |
| Swedbank AB 0.00% of their portfolio | 40.0k $3.1m | Unchanged |
| Owl Creek Asset Management, L.P. 0.42% of their portfolio | 37.4k $2.9m | New |
| Redwood Investment Management, LLC 0.25% of their portfolio | 36.2k $2.8m | Reduced -9.6k |
| Graham Capital Management, L.P. 0.09% of their portfolio | 35.9k $2.8m | Added +30.2k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 34.4k $2.7m | Reduced -17.6k |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 34.0k $2.6m | Added +7.6k |
| Sequoia Financial Advisors, LLC 0.03% of their portfolio | 33.8k $2.6m | New |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 32.9k $2.6m | Unchanged |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 32.7k $2.5m | Reduced -881 |
| INTREPID CAPITAL MANAGEMENT INC 1.40% of their portfolio | 32.6k $2.5m | Added +3.1k |
| MAI Capital Management 0.02% of their portfolio | 32.5k $2.5m | Added +1.3k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 31.8k $2.5m | Reduced -835 |
| Legal & General Group Plc 0.00% of their portfolio | 31.3k $2.4m | Added +1.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 30.8k $2.4m | Reduced -1.0k |
| ACR Alpine Capital Research, LLC 0.07% of their portfolio | 29.8k $2.3m | Added +1.2k |
| INDEPENDENT INVESTORS INC 0.46% of their portfolio | 29.0k $2.2m | Unchanged |
| UBS Group AG 0.00% of their portfolio | 29.0k $2.2m | Reduced -3.2k |
| LDR Capital Management LLC 2.44% of their portfolio | 28.3k $2.2m | Added +2.3k |
| Employees Retirement System of Texas 0.02% of their portfolio | 27.2k $2.1m | Unchanged |
| Pinnacle Financial Partners Inc 0.04% of their portfolio | 27.0k $2.1m | Reduced -2.7k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.26% of their portfolio | 25.8k $2.0m | New |
| LMR Partners LLP 0.04% of their portfolio | 25.0k $1.9m | New |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 24.1k $1.9m | Reduced -42 |
| MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio | 23.1k $1.8m | Reduced -196.7k |
| STRS OHIO 0.01% of their portfolio | 23.0k $1.8m | New |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 22.5k $1.8m | Reduced -18 |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.26% of their portfolio | 22.0k $1.7m | Added +5.8k |
| Cubist Systematic Strategies, LLC 0.02% of their portfolio | 20.8k $1.6m | Reduced -1.5k |
| Campbell & CO Investment Adviser LLC 0.12% of their portfolio | 20.0k $1.5m | New |