NVR INC NVR
COM · Common Stock · CUSIP 62944T105 · ISIN US62944T1051
American home construction company based in Virginia
- SectorIndustrials
- IndustryOperative Builders
- HeadquartersReston, VA
- Founded1980
- Websitenvrinc.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 ($66.9m this quarter). Holder counts are more reliable. Shares outstanding: 3.2m as of 2023-02-13, 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 ≈ $3708.96.
Trends to Q1 2023
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 512 |
| Q4 2022 | 556 |
| Q1 2023 | 591 |
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 | 229 | 229 |
| Q1 2023 | 300 | 209 |
Biggest buyers
| ENVESTNET ASSET MANAGEMENT INC | Added | +1.4m |
| FMR LLC | Added | +49.4k |
| Summit Wealth Group, LLC | New | +39.0k |
| Man Group plc | New | +14.8k |
| ACADIAN ASSET MANAGEMENT LLC | New | +13.2k |
| Pacer Advisors, Inc. | Added | +9.6k |
| VANGUARD GROUP INC | Added | +9.4k |
| AQR CAPITAL MANAGEMENT LLC | Added | +8.2k |
| BlackRock Inc. | Added | +7.1k |
| HSBC HOLDINGS PLC | Added | +6.3k |
Biggest sellers
| Capital International Investors | Reduced | -52.0k |
| CITADEL ADVISORS LLC | Reduced | -11.6k |
| WELLINGTON MANAGEMENT GROUP LLP | Reduced | -11.5k |
| Diamond Hill Capital Management, LLC (Investment Advisor) | Reduced | -6.9k |
| River Road Asset Management, LLC | Reduced | -6.4k |
| Ninety One UK Ltd | Sold out | -5.2k |
| Invesco Ltd. | Reduced | -4.2k |
| RENAISSANCE TECHNOLOGIES LLC | Reduced | -3.5k |
| Quantum Capital Management, LLC / NJ | Reduced | -3.2k |
| Tikehau Investment Management | Reduced | -3.1k |
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 filed 2026-04-24 | 8.9% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 7.4% |
| Capital Research Global Investors 13G · institution new · filed 2026-05-14 | 5.9% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)
Insider purchases and sales in Q1 2023
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 2021 | 0 | — | 0 | — | — |
| Q3 2021 | 0 | — | 0 | — | — |
| Q4 2021 | 1 | $486.0k | 1 | $6.8m | — |
| Q1 2022 | 0 | — | 0 | — | — |
| Q2 2022 | 0 | — | 0 | — | — |
| Q3 2022 | 1 | $109.1k | 1 | $17.6m | — |
| Q4 2022 | 0 | — | 2 | $24.7m | — |
| Q1 2023 | 0 | — | 7 | $49.2m | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2023-02-28 | Malzahn Daniel David Chief Financial Officer | Sold | $521.3k100 shares |
| 2023-02-27 | Malzahn Daniel David Chief Financial Officer | Sold | $10.3m2.0k shares |
| 2023-02-27 | Bredow Eugene James Chief Executive Officer | Sold | $6.7m1.3k shares |
| 2023-02-24 | Bredow Eugene James Chief Executive Officer | Sold | $10.3m2.0k shares |
| 2023-02-08 | FESTA ALFRED E Director | Sold | $8.1m1.6k shares |
| 2023-02-03 | Ross Susan Williamson Director | Sold | $666.2k125 shares |
| 2023-02-02 | SAVILLE PAUL C Executive Chairman | Sold | $4.6m846 shares |
| 2023-02-02 | ANDREWS CHARLES ELLIOTT Director | Sold | $3.5m650 shares |
| 2023-02-02 | Kelpy Matthew B. VP, Chief Accounting Officer | Sold | $3.4m632 shares |
| 2023-02-02 | Malzahn Daniel David Chief Financial Officer | Sold | $1.1m199 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 2023
| Manager | Shares | Change |
|---|---|---|
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 1.4m $37.4m | Added +1.4m |
| VANGUARD GROUP INC 0.05% of their portfolio | 353.7k $2.0bn | Added +9.4k |
| BlackRock Inc. 0.04% of their portfolio | 237.1k $1.3bn | Added +7.1k |
| STATE STREET CORP 0.04% of their portfolio | 127.1k $708.5m | Added +1.8k |
| Capital Research Global Investors 0.19% of their portfolio | 117.5k $654.6m | Reduced -2.3k |
| Diamond Hill Capital Management, LLC (Investment Advisor) 2.84% of their portfolio | 108.8k $606.3m | Reduced -6.9k |
| WELLINGTON MANAGEMENT GROUP LLP 0.10% of their portfolio | 91.1k $507.7m | Reduced -11.5k |
| FMR LLC 0.02% of their portfolio | 82.4k $459.4m | Added +49.4k |
| Capital World Investors 0.09% of their portfolio | 78.5k $437.4m | Added +16 |
| GEODE CAPITAL MANAGEMENT, LLC 0.05% of their portfolio | 68.3k $380.0m | Added +1.5k |
| Capital International Investors 0.10% of their portfolio | 66.8k $372.5m | Reduced -52.0k |
| PRINCIPAL FINANCIAL GROUP INC 0.22% of their portfolio | 54.1k $301.6m | Reduced -1.3k |
| Smead Capital Management, Inc. 5.99% of their portfolio | 54.0k $300.6m | Added +1.4k |
| Boston Partners 0.37% of their portfolio | 48.4k $269.8m | Reduced -258 |
| Thrivent Financial for Lutherans 0.57% of their portfolio | 42.3k $235.8m | Added +2.4k |
| Summit Wealth Group, LLC 0.00% of their portfolio | 39.0k $0 | New |
| Liontrust Investment Partners LLP 2.99% of their portfolio | 36.5k $203.7m | Reduced -2.1k |
| Nuveen Asset Management, LLC 0.07% of their portfolio | 33.2k $185.0m | Reduced -843 |
| NORTHERN TRUST CORP 0.04% of their portfolio | 33.1k $184.6m | Reduced -228 |
| NORGES BANK 0.04% of their portfolio | 31.0k $173.0m | Added +1.0k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 30.1k $167.7m | Added +5.9k |
| SCHRODER INVESTMENT MANAGEMENT GROUP 0.25% of their portfolio | 29.8k $166.3m | Added +3.8k |
| Invesco Ltd. 0.05% of their portfolio | 29.6k $164.7m | Reduced -4.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio | 28.4k $158.4m | Reduced -1.6k |
| DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio | 27.7k $154.5m | Added +228 |
| MARSHFIELD ASSOCIATES 4.45% of their portfolio | 27.2k $151.4m | Added +553 |
| MORGAN STANLEY 0.02% of their portfolio | 26.1k $145.7m | Reduced -525 |
| Pacer Advisors, Inc. 0.54% of their portfolio | 22.8k $127.1m | Added +9.6k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 22.3k $124.3m | Added +278 |
| Legal & General Group Plc 0.04% of their portfolio | 21.4k $119.1m | Added +397 |
| ALLIANCEBERNSTEIN L.P. 0.05% of their portfolio | 21.0k $117.0m | Added +1.4k |
| CITADEL ADVISORS LLC 0.13% of their portfolio | 20.7k $115.4m | Reduced -11.6k |
| TIMUCUAN ASSET MANAGEMENT INC/FL 4.79% of their portfolio | 20.5k $114.5m | Reduced -63 |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 19.8k $110.3m | Added +142 |
| HSBC HOLDINGS PLC 0.14% of their portfolio | 19.4k $107.5m | Added +6.3k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 19.0k $106.1m | Added +4.8k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio | 18.3k $102.1m | Added +391 |
| FIL Ltd 0.11% of their portfolio | 17.2k $96.0m | Reduced -466 |
| AQR CAPITAL MANAGEMENT LLC 0.20% of their portfolio | 17.1k $92.9m | Added +8.2k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 15.7k $87.2m | Added +4.3k |
| Man Group plc 0.29% of their portfolio | 14.8k $82.6m | New |
| FRANKLIN RESOURCES INC 0.04% of their portfolio | 14.4k $80.1m | Added +1.3k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.04% of their portfolio | 13.8k $76.7m | Added +570 |
| ACADIAN ASSET MANAGEMENT LLC 0.32% of their portfolio | 13.2k $73.5m | New |
| MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.04% of their portfolio | 12.2k $67.9m | Added +43 |
| Giverny Capital Inc. 4.07% of their portfolio | 12.1k $67.6m | Reduced -363 |
| Swiss National Bank 0.05% of their portfolio | 12.1k $67.1m | Reduced -630 |
| Caisse de depot et placement du Quebec 0.17% of their portfolio | 11.0k $61.2m | Added +2.6k |
| Quantum Capital Management, LLC / NJ 7.86% of their portfolio | 10.9k $60.9m | Reduced -3.2k |
| Markel Group Inc. 0.73% of their portfolio | 10.3k $57.2m | Added +235 |
| PANAGORA ASSET MANAGEMENT INC 0.34% of their portfolio | 9.8k $54.4m | Added +6.2k |
| Sumitomo Mitsui Trust Group, Inc. 0.04% of their portfolio | 9.2k $51.0m | Added +198 |
| Epoch Investment Partners, Inc. 0.30% of their portfolio | 9.0k $50.4m | Reduced -566 |
| Ensemble Capital Management, LLC 4.95% of their portfolio | 8.6k $47.8m | Reduced -1.2k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 7.9k $44.3m | Added +704 |
| Holocene Advisors, LP 0.22% of their portfolio | 7.8k $43.6m | Added +4.1k |
| Skandinaviska Enskilda Banken AB (publ) 0.30% of their portfolio | 7.8k $43.4m | Added +4.1k |
| TODD ASSET MANAGEMENT LLC 1.01% of their portfolio | 7.5k $41.5m | Added +1.2k |
| BARCLAYS PLC 0.04% of their portfolio | 7.3k $40.8m | Reduced -6 |
| CREDIT SUISSE AG/ 0.04% of their portfolio | 7.2k $39.9m | Added +1.5k |
| DEUTSCHE BANK AG\ 0.02% of their portfolio | 7.1k $39.5m | Reduced -47 |
| TEACHERS RETIREMENT SYSTEM OF THE STATE OF KENTUCKY 0.38% of their portfolio | 6.8k $38.0m | Added +581 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.60% of their portfolio | 6.8k $37.9m | Added +606 |
| RHUMBLINE ADVISERS 0.05% of their portfolio | 6.7k $37.3m | Added +249 |
| California Public Employees Retirement System 0.03% of their portfolio | 6.5k $36.0m | Reduced -640 |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 6.4k $35.6m | Added +2.0k |
| SCOUT INVESTMENTS, INC. 0.71% of their portfolio | 6.3k $35.1m | Reduced -298 |
| JANUS HENDERSON GROUP PLC 0.02% of their portfolio | 6.0k $33.6m | Added +5.6k |
| CITIGROUP INC 0.04% of their portfolio | 5.9k $32.8m | Added +688 |
| VIRGINIA RETIREMENT SYSTEMS ET Al 0.34% of their portfolio | 5.8k $32.5m | Added +1.0k |
| MILLENNIUM MANAGEMENT LLC 0.04% of their portfolio | 5.8k $32.4m | Added +2.6k |
| Glassman Wealth Services 5.58% of their portfolio | 5.8k $32.1m | Reduced -369 |
| Financial Gravity Asset Management, Inc. 0.01% of their portfolio | 5.6k $204.0k | New |
| WEDGE CAPITAL MANAGEMENT L L P/NC 0.52% of their portfolio | 5.5k $30.8m | New |
| AltraVue Capital, LLC 3.69% of their portfolio | 5.5k $30.7m | Added +1.3k |
| NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio | 5.4k $29.9m | Reduced -450 |
| National Pension Service 0.05% of their portfolio | 5.4k $29.0m | Added +7 |
| Mitsubishi UFJ Trust & Banking Corp 0.07% of their portfolio | 5.2k $28.9m | Added +43 |
| Obermeyer Wealth Partners 2.15% of their portfolio | 5.1k $28.8m | Added +1.7k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 5.0k $28.0m | Reduced -146 |
| GUARDIAN POINT CAPITAL, LP 22.98% of their portfolio | 5.0k $27.9m | Unchanged |
| Russell Investments Group, Ltd. 0.05% of their portfolio | 4.9k $27.3m | Added +360 |
| LAZARD ASSET MANAGEMENT LLC 0.04% of their portfolio | 4.9k $27.2m | Added +1.3k |
| TD Asset Management Inc 0.03% of their portfolio | 4.7k $26.4m | Added +1.4k |
| PICTET ASSET MANAGEMENT SA 0.03% of their portfolio | 4.4k $24.5m | Added +3.0k |
| 1832 Asset Management L.P. 0.05% of their portfolio | 4.4k $24.4m | Added +3.9k |
| Amundi 0.01% of their portfolio | 4.4k $24.3m | Added +1.1k |
| Brandywine Global Investment Management, LLC 0.10% of their portfolio | 4.4k $24.3m | Reduced -2.5k |
| Retirement Systems of Alabama 0.10% of their portfolio | 4.3k $23.9m | Reduced -70 |
| FEDERATED HERMES, INC. 0.06% of their portfolio | 4.3k $23.7m | Added +49 |
| Korea Investment CORP 0.07% of their portfolio | 4.2k $23.5m | Added +777 |
| Railway Pension Investments Ltd 0.23% of their portfolio | 4.1k $22.8m | Added +990 |
| Broad Run Investment Management, LLC 2.71% of their portfolio | 4.1k $22.7m | Reduced -557 |
| TEACHER RETIREMENT SYSTEM OF TEXAS 0.15% of their portfolio | 4.1k $22.6m | Added +537 |
| AXA S.A. 0.07% of their portfolio | 3.8k $21.2m | Added +3.7k |
| Archon Partners LLC 3.50% of their portfolio | 3.8k $21.0m | Unchanged |
| Robeco Institutional Asset Management B.V. 0.06% of their portfolio | 3.6k $20.2m | Added +2.9k |
| Avalon Trust Co 1.99% of their portfolio | 3.6k $20.0m | First filing |
| JACOBS LEVY EQUITY MANAGEMENT, INC 0.12% of their portfolio | 3.4k $19.2m | Added +1.4k |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.04% of their portfolio | 3.4k $19.1m | Reduced -213 |