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 ($10.3m 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 ≈ $76.91. Options: 6 managers hold calls ($7.8m notional), 6 hold puts ($2.6m).
Trends to Q4 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 |
| Q4 2024 | 304 |
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 |
| Q4 2024 | 138 | 122 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q1 2024 | $9.1m | $10.2m | 1.12 |
| Q2 2024 | $18.8m | $10.1m | 0.54 |
| Q3 2024 | $22.7m | $9.1m | 0.40 |
| Q4 2024 | $7.8m | $2.6m | 0.33 |
Biggest buyers
| Egerton Capital (UK) LLP | New | +444.0k |
| T. Rowe Price Investment Management, Inc. | Added | +269.4k |
| River Road Asset Management, LLC | Added | +219.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +209.2k |
| Hudson Bay Capital Management LP | New | +197.4k |
| Impax Asset Management Group plc | Added | +157.4k |
| DENDUR CAPITAL LP | Added | +150.2k |
| Balyasny Asset Management L.P. | Added | +128.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | New | +118.7k |
| AQR CAPITAL MANAGEMENT LLC | Added | +93.8k |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -725.2k |
| HARRIS ASSOCIATES L P | Reduced | -349.2k |
| Clearbridge Investments, LLC | Sold out | -346.6k |
| Mesirow Institutional Investment Management, Inc. | Sold out | -177.5k |
| CITADEL ADVISORS LLC | Reduced | -133.4k |
| ArrowMark Colorado Holdings LLC | Reduced | -130.0k |
| Incline Global Management LLC | Sold out | -126.0k |
| BANK OF AMERICA CORP /DE/ | Reduced | -122.0k |
| Amundi | Reduced | -112.2k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ | Reduced | -102.4k |
Biggest calls
| GROUP ONE TRADING LLC | Reduced | $2.8m36.5k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.1m27.9k shares |
| CITADEL ADVISORS LLC | Reduced | $2.0m26.5k shares |
| SIMPLEX TRADING, LLC | Reduced | $531.0k10.0k shares |
| JANE STREET GROUP, LLC | Reduced | $246.1k3.2k shares |
| CONCOURSE FINANCIAL GROUP SECURITIES, INC. | Unchanged | $00 shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.1m13.7k shares |
| CITADEL ADVISORS LLC | Reduced | $761.5k9.9k shares |
| WOLVERINE TRADING, LLC | New | $429.2k5.6k shares |
| SIMPLEX TRADING, LLC | Reduced | $223.0k2.9k shares |
| GROUP ONE TRADING LLC | Reduced | $107.7k1.4k 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 Q4 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 |
|---|---|---|---|---|---|
| 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 | — | — |
| Q4 2024 | 0 | — | 0 | — | — |
None reported in Q4 2024.
Holders, Q4 2024
| Manager | Shares | Change |
|---|---|---|
| Pershing Square Capital Management, L.P. 11.45% of their portfolio | 18.9m $1.5bn | Unchanged |
| VANGUARD GROUP INC 0.01% of their portfolio | 4.4m $341.3m | Reduced -6.8k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 2.5m $191.2m | Added +24.4k |
| DONALD SMITH & CO., INC. 3.06% of their portfolio | 1.7m $127.8m | Added +9.1k |
| BlackRock, Inc. 0.00% of their portfolio | 1.6m $125.5m | Added +16.4k |
| HARRIS ASSOCIATES L P 0.16% of their portfolio | 1.6m $122.8m | Reduced -349.2k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 828.3k $63.7m | Added +269.4k |
| DENDUR CAPITAL LP 7.17% of their portfolio | 813.2k $62.6m | Added +150.2k |
| AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio | 624.8k $48.1m | Added +209.2k |
| STATE STREET CORP 0.00% of their portfolio | 588.2k $45.2m | Reduced -17.6k |
| NEW SOUTH CAPITAL MANAGEMENT INC 1.90% of their portfolio | 585.2k $45.0m | Reduced -16.9k |
| Brandywine Global Investment Management, LLC 0.32% of their portfolio | 576.3k $44.3m | Reduced -57.4k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 544.2k $41.9m | Reduced -4.6k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.44% of their portfolio | 458.6k $35.3m | Reduced -37.2k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.12% of their portfolio | 452.9k $34.8m | Reduced -3.2k |
| Egerton Capital (UK) LLP 0.39% of their portfolio | 444.0k $34.1m | New |
| NORGES BANK 0.00% of their portfolio | 380.7k $29.3m | Added +15.2k |
| Russell Investments Group, Ltd. 0.04% of their portfolio | 342.2k $26.3m | Reduced -21.4k |
| MORGAN STANLEY 0.00% of their portfolio | 322.8k $24.8m | Added +24.3k |
| River Road Asset Management, LLC 0.32% of their portfolio | 312.6k $24.0m | Added +219.5k |
| Amundi 0.01% of their portfolio | 302.2k $22.3m | Reduced -112.2k |
| VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio | 295.1k $22.7m | Reduced -18.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 280.8k $21.6m | Added +4.2k |
| Balyasny Asset Management L.P. 0.05% of their portfolio | 266.6k $20.5m | Added +128.2k |
| Impax Asset Management Group plc 0.09% of their portfolio | 257.4k $19.8m | Added +157.4k |
| Alberta Investment Management Corp 0.13% of their portfolio | 249.0k $19.2m | Unchanged |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 249.0k $19.1m | Reduced -725.2k |
| FIRST MANHATTAN CO. LLC. 0.06% of their portfolio | 247.3k $19.0m | Reduced -3.4k |
| BTG Pactual Asset Management US LLC 2.40% of their portfolio | 240.9k $18.5m | Added +59.5k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 234.0k $18.0m | Added +57.4k |
| SOUTHEASTERN ASSET MANAGEMENT INC/TN/ 0.79% of their portfolio | 217.4k $16.7m | Reduced -102.4k |
| Empyrean Capital Partners, LP 0.81% of their portfolio | 209.0k $16.1m | Unchanged |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 198.8k $15.3m | Reduced -122.0k |
| Hudson Bay Capital Management LP 0.09% of their portfolio | 197.4k $15.2m | New |
| Gotham Asset Management, LLC 0.14% of their portfolio | 188.7k $14.5m | Added +1.4k |
| Motley Fool Wealth Management, LLC 0.72% of their portfolio | 180.8k $13.9m | Reduced -15.9k |
| Ancora Advisors LLC 0.30% of their portfolio | 176.1k $13.5m | Reduced -39.6k |
| State of New Jersey Common Pension Fund D 0.05% of their portfolio | 169.4k $13.0m | Reduced -136 |
| Northern Right Capital Management, L.P. 4.67% of their portfolio | 163.6k $12.6m | Reduced -65.0k |
| PROSPECTOR PARTNERS LLC 1.42% of their portfolio | 162.7k $12.5m | Added +320 |
| Rule One Partners, LLC 10.04% of their portfolio | 162.0k $12.5m | Unchanged |
| Pertento Partners LLP 1.26% of their portfolio | 159.2k $12.2m | Reduced -16.7k |
| Sycale Advisors (NY) LLC 3.31% of their portfolio | 137.4k $10.6m | Reduced -17.5k |
| 683 Capital Management, LLC 1.02% of their portfolio | 135.0k $10.4m | Unchanged |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 118.7k $9.1m | New |
| INGALLS & SNYDER LLC 0.34% of their portfolio | 113.5k $8.7m | Reduced -5.3k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 111.8k $8.6m | Added +5.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 109.2k $8.4m | Added +12.1k |
| ADVISORY RESEARCH INC 1.39% of their portfolio | 109.0k $8.4m | Added +10.0k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 107.3k $8.2m | Added +93.8k |
| BEACH INVESTMENT COUNSEL INC/PA 1.11% of their portfolio | 106.4k $8.2m | Reduced -10.9k |
| Bernzott Capital Advisors 3.78% of their portfolio | 99.5k $7.7m | Reduced -10.1k |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 93.6k $7.2m | Reduced -11.3k |
| TUDOR INVESTMENT CORP ET AL 0.07% of their portfolio | 90.5k $7.0m | Added +17.3k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 90.1k $6.9m | Added +78.3k |
| UBS Group AG 0.00% of their portfolio | 87.4k $6.7m | Added +58.4k |
| Invesco Ltd. 0.00% of their portfolio | 85.9k $6.6m | Added +332 |
| Nuveen Asset Management, LLC 0.00% of their portfolio | 81.7k $6.3m | Reduced -2.5k |
| CITIGROUP INC 0.01% of their portfolio | 75.9k $5.8m | Added +13.2k |
| BANK OF NOVA SCOTIA 0.01% of their portfolio | 73.9k $5.7m | New |
| ZACKS INVESTMENT MANAGEMENT 0.05% of their portfolio | 72.3k $5.6m | Added +2.4k |
| DRW Securities, LLC 0.37% of their portfolio | 72.1k $5.5m | Added +65.6k |
| NATIXIS 0.04% of their portfolio | 67.4k $5.2m | New |
| Swiss National Bank 0.00% of their portfolio | 64.2k $4.9m | Added +400 |
| PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.02% of their portfolio | 58.8k $4.5m | Reduced -611 |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 55.9k $4.3m | Added +1.4k |
| Concorde Financial Corp 2.48% of their portfolio | 54.1k $4.2m | Added +130 |
| PIN OAK INVESTMENT ADVISORS INC 3.74% of their portfolio | 53.1k $4.1m | Added +144 |
| Uniplan Investment Counsel, Inc. 0.37% of their portfolio | 51.3k $3.9m | Reduced -1.1k |
| LPL Financial LLC 0.00% of their portfolio | 49.6k $3.8m | Added +30.2k |
| Quinn Opportunity Partners LLC 0.26% of their portfolio | 46.3k $3.6m | Unchanged |
| Resolute Capital Asset Partners LLC 1.86% of their portfolio | 45.0k $3.5m | Reduced -10.0k |
| Swedbank AB 0.00% of their portfolio | 40.0k $3.1m | Unchanged |
| Trexquant Investment LP 0.04% of their portfolio | 39.5k $3.0m | Added +26.0k |
| Phase 2 Partners, LLC 2.08% of their portfolio | 36.1k $2.8m | Reduced -22.2k |
| Campbell & CO Investment Adviser LLC 0.21% of their portfolio | 35.5k $2.7m | Added +15.6k |
| Sequoia Financial Advisors, LLC 0.03% of their portfolio | 33.9k $2.6m | Added +55 |
| INTREPID CAPITAL MANAGEMENT INC 1.32% of their portfolio | 33.7k $2.6m | Added +1.0k |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 32.9k $2.5m | Unchanged |
| Squarepoint Ops LLC 0.01% of their portfolio | 32.3k $2.5m | Reduced -49.9k |
| MAI Capital Management 0.02% of their portfolio | 32.2k $2.5m | Reduced -290 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 32.1k $2.5m | Reduced -677 |
| Graham Capital Management, L.P. 0.08% of their portfolio | 31.7k $2.4m | Reduced -4.2k |
| Redwood Investment Management, LLC 0.23% of their portfolio | 30.9k $2.4m | Reduced -5.3k |
| Legal & General Group Plc 0.00% of their portfolio | 30.8k $2.4m | Reduced -489 |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 30.7k $2.4m | Reduced -1.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 30.4k $2.3m | Reduced -359 |
| ACR Alpine Capital Research, LLC 0.05% of their portfolio | 30.4k $2.3m | Added +558 |
| INDEPENDENT INVESTORS INC 0.44% of their portfolio | 29.0k $2.2m | Unchanged |
| TD Asset Management Inc 0.00% of their portfolio | 27.6k $2.1m | Added +10.6k |
| 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 | Unchanged |
| JANE STREET GROUP, LLC 0.00% of their portfolio | 26.9k $2.1m | Added +13.6k |
| DARK FOREST CAPITAL MANAGEMENT LP 0.29% of their portfolio | 25.4k $2.0m | Reduced -391 |
| LDR Capital Management LLC 2.61% of their portfolio | 25.0k $1.9m | Reduced -3.3k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 24.4k $1.9m | New |
| Thrivent Financial for Lutherans 0.00% of their portfolio | 24.2k $1.9m | Reduced -9.8k |
| HRT FINANCIAL LP 0.01% of their portfolio | 24.1k $1.9m | Reduced -18.4k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 23.5k $1.8m | Reduced -10.9k |
| BANK OF MONTREAL /CAN/ 0.00% of their portfolio | 22.2k $1.7m | Reduced -350 |