KB HOME KBH
COM · Common Stock · CUSIP 48666K109 · ISIN US48666K1097
American home builder
- SectorIndustrials
- IndustryOperative Builders
- HeadquartersLos Angeles, CA
- Founded1957
- Websitekbhome.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: 62.6m as of 2026-02-28, 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 ≈ $51.75. Options: 16 managers hold calls ($144.7m notional), 16 hold puts ($82.2m).
Trends to Q1 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 299 |
| Q4 2022 | 318 |
| Q1 2023 | 322 |
| Q2 2023 | 361 |
| Q3 2023 | 355 |
| Q4 2023 | 381 |
| Q1 2024 | 416 |
| Q2 2024 | 405 |
| Q3 2024 | 440 |
| Q4 2024 | 437 |
| Q1 2025 | 415 |
| Q2 2025 | 396 |
| Q3 2025 | 402 |
| Q4 2025 | 404 |
| Q1 2026 | 389 |
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 | 205 | 194 |
| Q3 2024 | 206 | 199 |
| Q4 2024 | 185 | 233 |
| Q1 2025 | 195 | 232 |
| Q2 2025 | 204 | 195 |
| Q3 2025 | 172 | 203 |
| Q4 2025 | 154 | 217 |
| Q1 2026 | 162 | 217 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q2 2025 | $129.9m | $141.2m | 1.09 |
| Q3 2025 | $124.2m | $128.4m | 1.03 |
| Q4 2025 | $88.3m | $89.5m | 1.01 |
| Q1 2026 | $144.7m | $82.2m | 0.57 |
Biggest buyers
| TWO SIGMA INVESTMENTS, LP | Added | +1.0m |
| Schonfeld Strategic Advisors LLC | New | +576.5k |
| UBS Group AG | Added | +556.5k |
| MILLENNIUM MANAGEMENT LLC | Added | +489.0k |
| DONALD SMITH & CO., INC. | Added | +466.0k |
| Freestone Grove Partners LP | Added | +423.3k |
| Woodline Partners LP | Added | +377.0k |
| AMERICAN CENTURY COMPANIES INC | Added | +344.9k |
| Squarepoint Ops LLC | Added | +307.6k |
| Qube Research & Technologies Ltd | New | +299.8k |
Biggest sellers
| TWO SIGMA ADVISERS, LP | Sold out | -796.2k |
| FMR LLC | Reduced | -568.6k |
| DEPRINCE RACE & ZOLLO INC | Reduced | -364.0k |
| Engineers Gate Manager LP | Sold out | -353.7k |
| JANUS HENDERSON GROUP PLC | Reduced | -322.5k |
| AQR CAPITAL MANAGEMENT LLC | Reduced | -303.3k |
| FIRST TRUST ADVISORS LP | Reduced | -286.5k |
| Trexquant Investment LP | Sold out | -222.7k |
| NATIXIS | Sold out | -195.5k |
| LOOMIS SAYLES & CO L P | Sold out | -182.0k |
Biggest calls
| MILLENNIUM MANAGEMENT LLC | Added | $46.0m888.9k shares |
| CITADEL ADVISORS LLC | Added | $29.1m562.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $27.5m532.3k shares |
| JANE STREET GROUP, LLC | Added | $15.1m291.6k shares |
| GROUP ONE TRADING LLC | Reduced | $9.8m188.7k shares |
| IMC-Chicago, LLC | Added | $6.5m126.5k shares |
| SIMPLEX TRADING, LLC | Added | $5.9m113.4k shares |
| Walleye Capital LLC | Reduced | $978.1k18.9k shares |
| Walleye Trading LLC | Reduced | $864.2k16.7k shares |
| DRW Securities, LLC | New | $677.9k13.1k shares |
Biggest puts
| CITADEL ADVISORS LLC | Reduced | $26.3m509.1k shares |
| Parallax Volatility Advisers, L.P. | Added | $17.5m338.4k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $9.0m174.3k shares |
| D. E. Shaw & Co., Inc. | New | $4.8m92.2k shares |
| ONTARIO TEACHERS PENSION PLAN BOARD | Unchanged | $4.0m77.2k shares |
| GROUP ONE TRADING LLC | Reduced | $3.9m74.7k shares |
| SIMPLEX TRADING, LLC | Reduced | $3.7m71.8k shares |
| IMC-Chicago, LLC | Added | $3.6m70.1k shares |
| Walleye Trading LLC | Added | $3.3m63.8k shares |
| JANE STREET GROUP, LLC | Reduced | $2.8m54.6k 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 |
|---|---|
| BlackRock, Inc. 13G · institution +1.2 pts · filed 2026-10-27 | 13.6% |
| FMR LLC 13G · institution -1.3 pts · filed 2026-05-06 | 8.1% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.2% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-07-31 | 5.1% |
| STATE STREET CORP 13G · institution new · filed 2025-11-10 | 5.1% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
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 | 0 | — | 3 | $4.4m | — |
| Q3 2024 | 0 | — | 0 | — | — |
| Q4 2024 | 0 | — | 2 | $3.6m | — |
| Q1 2025 | 0 | — | 1 | $1.9m | — |
| Q2 2025 | 0 | — | 1 | $271.9k | — |
| Q3 2025 | 0 | — | 1 | $749.3k | — |
| Q4 2025 | 0 | — | 1 | $1.2m | — |
| Q1 2026 | 0 | — | 0 | — | — |
None reported in Q1 2026.
Holders, Q1 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 9.4m $485.5m | Added +94.8k |
| FMR LLC 0.01% of their portfolio | 5.1m $262.9m | Reduced -568.6k |
| STATE STREET CORP 0.01% of their portfolio | 3.3m $172.5m | Added +73.4k |
| Capital World Investors 0.02% of their portfolio | 3.0m $153.1m | Unchanged |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 2.9m $150.2m | First filing |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 2.5m $129.9m | First filing |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 2.3m $119.6m | Reduced -48.0k |
| TWO SIGMA INVESTMENTS, LP 0.07% of their portfolio | 1.7m $90.4m | Added +1.0m |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 1.7m $86.4m | Added +74.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.13% of their portfolio | 1.5m $75.1m | Reduced -97.5k |
| Invesco Ltd. 0.01% of their portfolio | 1.3m $66.0m | Added +88.2k |
| DONALD SMITH & CO., INC. 1.11% of their portfolio | 1.2m $61.7m | Added +466.0k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 1.1m $55.2m | Added +133.9k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 943.6k $48.8m | Added +9.3k |
| UBS Group AG 0.01% of their portfolio | 928.7k $48.1m | Added +556.5k |
| LSV ASSET MANAGEMENT 0.10% of their portfolio | 917.2k $47.5m | Reduced -34.2k |
| MORGAN STANLEY 0.00% of their portfolio | 891.5k $46.1m | Added +151.2k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 873.3k $45.2m | Reduced -24.4k |
| MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio | 772.7k $40.0m | Added +489.0k |
| Freestone Grove Partners LP 0.28% of their portfolio | 751.8k $38.9m | Added +423.3k |
| AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio | 742.3k $38.4m | Added +344.9k |
| DEPRINCE RACE & ZOLLO INC 0.67% of their portfolio | 690.3k $35.7m | Reduced -364.0k |
| D. E. Shaw & Co., Inc. 0.02% of their portfolio | 605.8k $31.3m | Added +286.1k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 601.0k $31.1m | Reduced -166.9k |
| Bank of New York Mellon Corp 0.01% of their portfolio | 597.8k $30.9m | Reduced -18.8k |
| Squarepoint Ops LLC 0.07% of their portfolio | 585.1k $30.3m | Added +307.6k |
| Schonfeld Strategic Advisors LLC 0.24% of their portfolio | 576.5k $29.8m | New |
| SYSTEMATIC FINANCIAL MANAGEMENT LP 0.56% of their portfolio | 471.1k $24.4m | Reduced -15.5k |
| AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 470.5k $24.1m | Reduced -303.3k |
| Woodline Partners LP 0.09% of their portfolio | 442.1k $22.9m | Added +377.0k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 418.8k $21.2m | Added +79.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 401.3k $20.8m | First filing |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 301.4k $15.6m | Reduced -14.0k |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 299.8k $15.5m | New |
| BARCLAYS PLC 0.01% of their portfolio | 297.2k $15.4m | Reduced -18.0k |
| Aristotle Capital Boston, LLC 0.85% of their portfolio | 265.1k $13.8m | Reduced -41.6k |
| Lighthouse Investment Partners, LLC 0.51% of their portfolio | 263.4k $13.6m | Added +190.6k |
| RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio | 235.7k $12.2m | Added +149.8k |
| CITADEL ADVISORS LLC 0.01% of their portfolio | 232.7k $12.0m | Reduced -163.0k |
| CITIGROUP INC 0.01% of their portfolio | 219.6k $11.4m | Added +50.2k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 210.6k $10.9m | Reduced -9.8k |
| Aptus Capital Advisors, LLC 0.08% of their portfolio | 194.7k $10.1m | Added +2.0k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio | 189.6k $9.8m | Reduced -57.1k |
| Cambria Investment Management, L.P. 0.53% of their portfolio | 182.6k $9.4m | Added +48.2k |
| FRANKLIN RESOURCES INC 0.00% of their portfolio | 181.9k $9.4m | Added +164.6k |
| Nuveen, LLC 0.00% of their portfolio | 180.8k $9.4m | Added +24.2k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 177.0k $9.2m | Reduced -7.5k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 176.0k $9.9m | Reduced -7.1k |
| RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio | 173.5k $9.0m | Reduced -1.9k |
| Pictet Asset Management Holding SA 0.01% of their portfolio | 172.1k $8.9m | Reduced -71.1k |
| SEI INVESTMENTS CO 0.01% of their portfolio | 169.9k $8.8m | Added +60.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 161.5k $8.4m | Added +154.4k |
| Interval Partners, LP 0.28% of their portfolio | 158.8k $8.2m | New |
| Man Group plc 0.02% of their portfolio | 144.0k $7.5m | Added +27.7k |
| PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio | 141.9k $7.3m | Added +1.7k |
| Aberdeen Group plc 0.01% of their portfolio | 139.7k $7.2m | Added +3.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 138.4k $7.2m | Reduced -37.8k |
| SALEM INVESTMENT COUNSELORS INC 0.21% of their portfolio | 136.7k $7.1m | Reduced -2.0k |
| BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio | 135.8k $7.0m | Added +20.3k |
| VICTORY CAPITAL MANAGEMENT INC 0.00% of their portfolio | 135.1k $7.0m | Reduced -37.0k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.00% of their portfolio | 130.4k $6.7m | Added +97.9k |
| California Public Employees Retirement System 0.00% of their portfolio | 128.8k $6.7m | Reduced -190 |
| Swiss National Bank 0.00% of their portfolio | 127.8k $6.6m | Unchanged |
| Quantbot Technologies LP 0.26% of their portfolio | 123.0k $6.4m | Added +101.5k |
| FIRST TRUST ADVISORS LP 0.00% of their portfolio | 117.2k $6.1m | Reduced -286.5k |
| GABELLI FUNDS LLC 0.04% of their portfolio | 114.5k $5.9m | Reduced -1.8k |
| CAPITAL FUND MANAGEMENT S.A. 0.05% of their portfolio | 110.5k $5.7m | Added +59.5k |
| Universal- Beteiligungs- und Servicegesellschaft mbH 0.01% of their portfolio | 108.1k $5.6m | Reduced -8.0k |
| ALGERT GLOBAL LLC 0.08% of their portfolio | 102.0k $5.3m | Added +2.6k |
| KLP KAPITALFORVALTNING AS 0.02% of their portfolio | 101.0k $5.2m | Added +1.4k |
| Grantham, Mayo, Van Otterloo & Co. LLC 0.01% of their portfolio | 100.5k $5.2m | Added +19.8k |
| Rafferty Asset Management, LLC 0.02% of their portfolio | 90.7k $4.7m | Reduced -16.4k |
| Legal & General Group Plc 0.00% of their portfolio | 88.5k $4.6m | Reduced -11.9k |
| TUDOR INVESTMENT CORP ET AL 0.02% of their portfolio | 86.6k $4.5m | New |
| Holocene Advisors, LP 0.01% of their portfolio | 82.4k $4.3m | New |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.02% of their portfolio | 78.7k $4.1m | Reduced -134.6k |
| EMG Holdings, L.P. 5.90% of their portfolio | 77.7k $4.0m | New |
| Swedbank AB 0.00% of their portfolio | 77.5k $4.0m | Reduced -18.1k |
| Retirement Systems of Alabama 0.01% of their portfolio | 77.4k $4.0m | Reduced -280 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.01% of their portfolio | 77.4k $4.0m | Reduced -8.5k |
| GREAT LAKES ADVISORS, LLC 0.03% of their portfolio | 77.3k $4.0m | Added +9.1k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 77.3k $4.0m | Added +16.4k |
| Russell Investments Group, Ltd. 0.00% of their portfolio | 76.0k $3.9m | Reduced -77.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 68.2k $3.5m | Added +8.3k |
| Walleye Capital LLC 0.02% of their portfolio | 67.5k $3.5m | Reduced -79.1k |
| Jump Financial, LLC 0.05% of their portfolio | 66.8k $3.5m | Added +24.0k |
| Allianz Asset Management GmbH 0.00% of their portfolio | 65.1k $3.4m | New |
| Creative Planning 0.00% of their portfolio | 65.1k $3.4m | Reduced -6.6k |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 64.7k $3.4m | Added +2.8k |
| MERCER GLOBAL ADVISORS INC /ADV 0.00% of their portfolio | 64.0k $3.3m | Reduced -2.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.00% of their portfolio | 63.8k $3.3m | First filing |
| MetLife Investment Management, LLC 0.02% of their portfolio | 63.6k $3.3m | Reduced -1.9k |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio | 62.0k $3.2m | Added +13.5k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 60.9k $3.2m | Added +6.9k |
| 1492 Capital Management LLC 1.16% of their portfolio | 58.7k $3.0m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio | 58.6k $3.0m | Reduced -42.4k |
| Assenagon Asset Management S.A. 0.00% of their portfolio | 58.0k $3.0m | Reduced -131.0k |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio | 57.1k $3.0m | Reduced -6.7k |
| ASSETMARK, INC 0.01% of their portfolio | 53.7k $2.8m | Reduced -684 |
| HOTCHKIS & WILEY CAPITAL MANAGEMENT LLC 0.01% of their portfolio | 52.8k $2.7m | Reduced -1.6k |