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: 59.6m as of 2026-04-22, 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 ≈ $63.28. Options: 7 managers hold calls ($33.0m notional), 8 hold puts ($16.4m).
Trends to Q1 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 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q2 2024 | 140 | 121 |
| 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 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $24.2m | $38.3m | 1.58 |
| Q3 2025 | $63.6m | $67.7m | 1.06 |
| Q4 2025 | $39.0m | $32.3m | 0.83 |
| Q1 2026 | $33.0m | $16.4m | 0.50 |
Biggest buyers
| FRANKLIN RESOURCES INC | New | +556.3k |
| WELLS FARGO & COMPANY/MN | Added | +489.3k |
| Long Focus Capital Management, LLC | Added | +364.5k |
| AMERICAN CENTURY COMPANIES INC | Added | +285.9k |
| Flat Footed LLC | New | +215.3k |
| DIMENSIONAL FUND ADVISORS LP | Added | +208.6k |
| Incline Global Management LLC | New | +184.9k |
| LMR Partners LLP | New | +158.9k |
| AMERIPRISE FINANCIAL INC | Added | +97.7k |
| OSSIAM | New | +85.0k |
Biggest sellers
| CRCM LP | Sold out | -612.8k |
| Annex Advisory Services, LLC | Reduced | -158.2k |
| Russell Investments Group, Ltd. | Reduced | -124.1k |
| HRT FINANCIAL LP | Sold out | -123.3k |
| HSBC HOLDINGS PLC | Sold out | -98.9k |
| HORIZON KINETICS ASSET MANAGEMENT LLC | Reduced | -97.0k |
| MILLENNIUM MANAGEMENT LLC | Sold out | -96.2k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -82.0k |
| LANDMARK INVESTMENT PARTNERS, L.P. | Reduced | -80.1k |
| Amundi | Reduced | -67.0k |
Biggest calls
| CITADEL ADVISORS LLC | Added | $8.2m129.5k shares |
| GROUP ONE TRADING LLC | Added | $7.9m124.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $7.0m111.1k shares |
| Tidal Investments LLC | Added | $4.6m73.2k shares |
| JANE STREET GROUP, LLC | Reduced | $2.7m42.6k shares |
| SIMPLEX TRADING, LLC | Added | $1.8m28.6k shares |
| D. E. Shaw & Co., Inc. | New | $809.7k12.8k shares |
Biggest puts
| WELLS FARGO & COMPANY/MN | Reduced | $3.8m60.0k shares |
| PEAK6 LLC | New | $3.5m55.6k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $2.9m46.6k shares |
| JANE STREET GROUP, LLC | Added | $2.6m40.7k shares |
| CITADEL ADVISORS LLC | Reduced | $2.0m32.4k shares |
| SIMPLEX TRADING, LLC | Reduced | $588.3k9.3k shares |
| D. E. Shaw & Co., Inc. | New | $575.7k9.1k shares |
| GROUP ONE TRADING LLC | Added | $385.9k6.1k 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 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 |
|---|---|---|---|---|---|
| Q2 2024 | 1 | $52.4k | 1 | $40.2k | — |
| Q3 2024 | 1 | $9.8k | 0 | — | — |
| 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 | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-03-25 | Davis Andrew D. Chief Operating Officer, HHC | Sold | $104.5k1.6k shares |
| 2026-03-13 | Valane Joseph General Counsel & Secretary | Bought | $81.2k1.3k 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 2026
| Manager | Shares | Change |
|---|---|---|
| Pershing Square Capital Management, L.P. 8.70% of their portfolio | 18.9m $1.2bn | Unchanged |
| PERSHING SQUARE INC. 100.00% of their portfolio | 9.0m $569.3m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 3.0m $190.3m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio | 2.8m $178.5m | Added +208.6k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 1.6m $104.4m | First filing |
| BlackRock, Inc. 0.00% of their portfolio | 1.5m $93.6m | Reduced -932 |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.5m $93.0m | Added +489.3k |
| AMERICAN CENTURY COMPANIES INC 0.04% of their portfolio | 1.2m $78.4m | Added +285.9k |
| DONALD SMITH & CO., INC. 1.19% of their portfolio | 1.0m $66.0m | Added +22.9k |
| Long Focus Capital Management, LLC 2.04% of their portfolio | 733.7k $46.4m | Added +364.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio | 600.0k $38.0m | Added +12.8k |
| STATE STREET CORP 0.00% of their portfolio | 572.8k $36.2m | Added +17.1k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 556.3k $35.2m | New |
| River Road Asset Management, LLC 0.37% of their portfolio | 510.4k $32.3m | Reduced -11.1k |
| Northern Right Capital Management, L.P. 8.61% of their portfolio | 382.7k $24.2m | Added +45.7k |
| Russell Investments Group, Ltd. 0.02% of their portfolio | 366.4k $23.2m | Reduced -124.1k |
| MORGAN STANLEY 0.00% of their portfolio | 336.0k $21.3m | Reduced -42.2k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 304.5k $19.3m | Added +39.2k |
| Consulta Ltd 0.94% of their portfolio | 300.0k $19.0m | Unchanged |
| Gotham Asset Management, LLC 0.06% of their portfolio | 295.0k $18.7m | Reduced -46.7k |
| FIRST MANHATTAN CO. LLC. 0.04% of their portfolio | 239.8k $15.2m | Reduced -32.0k |
| JCP Investment Management, LLC 9.85% of their portfolio | 234.1k $14.8m | Added +53.0k |
| NORTHERN TRUST CORP 0.00% of their portfolio | 222.8k $14.1m | Reduced -2.5k |
| UBS Group AG 0.00% of their portfolio | 219.7k $13.9m | Added +44.2k |
| Flat Footed LLC 4.53% of their portfolio | 215.3k $13.6m | New |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 206.4k $13.1m | Added +97.7k |
| HORIZON KINETICS ASSET MANAGEMENT LLC 0.13% of their portfolio | 196.4k $12.4m | Reduced -97.0k |
| VANGUARD FIDUCIARY TRUST CO 0.00% of their portfolio | 195.8k $12.4m | First filing |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio | 192.8k $12.2m | Added +5.3k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 191.9k $12.1m | Added +6.0k |
| Incline Global Management LLC 4.59% of their portfolio | 184.9k $11.7m | New |
| LMR Partners LLP 0.09% of their portfolio | 158.9k $10.1m | New |
| RIVERNORTH CAPITAL MANAGEMENT, LLC 0.47% of their portfolio | 149.2k $9.4m | Added +6.2k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.01% of their portfolio | 144.4k $9.1m | Added +62.7k |
| State of New Jersey Common Pension Fund D 0.03% of their portfolio | 143.0k $9.0m | Unchanged |
| H/2 CREDIT MANAGER LP 1.78% of their portfolio | 140.3k $8.9m | Unchanged |
| VICTORY CAPITAL MANAGEMENT INC 0.01% of their portfolio | 138.9k $8.8m | Reduced -147 |
| GOLDMAN SACHS GROUP INC 0.00% of their portfolio | 136.1k $8.6m | Added +46.9k |
| TUDOR INVESTMENT CORP ET AL 0.05% of their portfolio | 133.7k $8.5m | Reduced -47.7k |
| Northside Capital Management, LLC 0.72% of their portfolio | 130.5k $8.3m | Added +52.7k |
| Amundi 0.00% of their portfolio | 111.9k $7.1m | Reduced -67.0k |
| ZACKS INVESTMENT MANAGEMENT 0.05% of their portfolio | 108.0k $6.8m | Added +2.5k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 105.7k $6.6m | Reduced -18.2k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 103.3k $6.5m | Added +2.5k |
| Sowell Financial Services LLC 0.24% of their portfolio | 101.5k $6.4m | Added +17.8k |
| RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio | 100.7k $6.4m | Reduced -47.7k |
| AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 97.7k $6.2m | Reduced -82.0k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 94.8k $6.0m | Added +356 |
| Bernzott Capital Advisors 2.74% of their portfolio | 90.3k $5.7m | Reduced -2.8k |
| INGALLS & SNYDER LLC 0.20% of their portfolio | 87.3k $5.5m | Added +466 |
| Motley Fool Wealth Management, LLC 0.62% of their portfolio | 86.1k $5.4m | Reduced -32.3k |
| OSSIAM 0.09% of their portfolio | 85.0k $5.4m | New |
| Tidal Investments LLC 0.01% of their portfolio | 75.7k $4.8m | Added +9.3k |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 74.3k $4.7m | Added +10.9k |
| Invesco Ltd. 0.00% of their portfolio | 73.5k $4.7m | Reduced -2.4k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 71.8k $4.5m | Added +2.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 71.0k $5.7m | Added +40.6k |
| Nuveen, LLC 0.00% of their portfolio | 68.9k $4.4m | Added +2.2k |
| LOS ANGELES CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 65.3k $4.1m | Reduced -16.1k |
| Swiss National Bank 0.00% of their portfolio | 64.5k $4.1m | Unchanged |
| STATE OF WISCONSIN INVESTMENT BOARD 0.01% of their portfolio | 61.6k $3.9m | Added +1.1k |
| PIN OAK INVESTMENT ADVISORS INC 2.72% of their portfolio | 60.9k $3.9m | Reduced -367 |
| UniSuper Management Pty Ltd 0.02% of their portfolio | 60.1k $3.8m | Unchanged |
| DARK FOREST CAPITAL MANAGEMENT LP 0.33% of their portfolio | 59.4k $3.8m | Added +33.6k |
| Jump Financial, LLC 0.05% of their portfolio | 58.4k $3.7m | New |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 58.0k $3.7m | Added +17.9k |
| Walleye Partners, LLC 4.44% of their portfolio | 57.2k $3.6m | Added +121 |
| CITIGROUP INC 0.00% of their portfolio | 54.3k $3.4m | Added +26.1k |
| Candriam S.C.A. 0.02% of their portfolio | 54.1k $3.4m | Added +33.2k |
| IFC Advisors LLC 0.48% of their portfolio | 52.7k $3.3m | Added +22 |
| LPL Financial LLC 0.00% of their portfolio | 48.5k $3.1m | Reduced -3.9k |
| MARSHALL WACE, LLP 0.00% of their portfolio | 48.4k $3.1m | Added +21.8k |
| NATIXIS 0.01% of their portfolio | 45.4k $2.9m | New |
| INTREPID CAPITAL MANAGEMENT INC 1.08% of their portfolio | 44.3k $2.8m | Added +3.5k |
| CenterBook Partners LP 0.15% of their portfolio | 43.9k $2.8m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 40.4k $2.6m | Added +9.7k |
| Proficio Capital Partners LLC 0.13% of their portfolio | 38.1k $2.4m | Added +7.7k |
| LANDMARK INVESTMENT PARTNERS, L.P. 2.45% of their portfolio | 37.5k $2.4m | Reduced -80.1k |
| 683 Capital Management, LLC 0.21% of their portfolio | 35.5k $2.2m | Reduced -2.5k |
| OP Asset Management Ltd 0.02% of their portfolio | 35.2k $2.2m | Added +18.0k |
| OCCUDO QUANTITATIVE STRATEGIES LP 0.12% of their portfolio | 35.1k $2.2m | New |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.02% of their portfolio | 34.7k $2.2m | Added +3.9k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 32.7k $2.1m | Unchanged |
| STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.00% of their portfolio | 31.2k $2.0m | Unchanged |
| INDEPENDENT INVESTORS INC 0.36% of their portfolio | 28.6k $1.8m | Reduced -300 |
| RHUMBLINE ADVISERS 0.00% of their portfolio | 28.0k $1.8m | Added +908 |
| Ancora Advisors LLC 0.04% of their portfolio | 27.6k $1.7m | Reduced -39.3k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 27.2k $1.7m | First filing |
| Sage Investment Counsel LLC 1.91% of their portfolio | 27.2k $1.7m | Added +1.5k |
| SEI INVESTMENTS CO 0.00% of their portfolio | 25.6k $1.6m | Added +1.1k |
| BARCLAYS PLC 0.00% of their portfolio | 25.5k $1.6m | Reduced -35.1k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 25.4k $1.6m | Added +3.5k |
| Sequoia Financial Advisors, LLC 0.01% of their portfolio | 24.3k $1.5m | Reduced -2.9k |
| Oak Thistle LLC 0.15% of their portfolio | 24.1k $1.5m | Added +9.0k |
| DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.00% of their portfolio | 23.8k $1.5m | New |
| Engineers Gate Manager LP 0.02% of their portfolio | 23.6k $1.5m | Added +20.6k |
| Annex Advisory Services, LLC 0.03% of their portfolio | 23.2k $1.5m | Reduced -158.2k |
| Holt Capital Advisors, L.L.C. dba Holt Capital Partners, L.P. 0.20% of their portfolio | 22.9k $1.4m | Added +262 |
| MARTINGALE ASSET MANAGEMENT L P 0.04% of their portfolio | 22.7k $1.4m | Added +590 |
| Legal & General Group Plc 0.00% of their portfolio | 22.7k $1.4m | Reduced -6.6k |