TOLL BROTHERS INC TOL
COM · Common Stock · CUSIP 889478103 · ISIN US8894781033
American home builder
- SectorIndustrials
- IndustryOperative Builders
- HeadquartersFort Washington, PA
- Founded1986
- Websitetollbrothers.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 ($91.5m this quarter). Holder counts are more reliable. Shares outstanding: 93.5m as of 2026-05-27, 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 ≈ $164.30. Options: 19 managers hold calls ($137.7m notional), 19 hold puts ($167.5m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 383 |
| Q4 2022 | 428 |
| Q1 2023 | 450 |
| Q2 2023 | 519 |
| Q3 2023 | 520 |
| Q4 2023 | 575 |
| Q1 2024 | 644 |
| Q2 2024 | 660 |
| Q3 2024 | 719 |
| Q4 2024 | 722 |
| Q1 2025 | 665 |
| Q2 2025 | 663 |
| Q3 2025 | 721 |
| Q4 2025 | 737 |
| Q1 2026 | 783 |
| Q2 2026 | 804 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 370 | 313 |
| Q4 2024 | 307 | 361 |
| Q1 2025 | 290 | 389 |
| Q2 2025 | 355 | 302 |
| Q3 2025 | 382 | 277 |
| Q4 2025 | 311 | 355 |
| Q1 2026 | 397 | 306 |
| Q2 2026 | 430 | 308 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $236.5m | $279.4m | 1.18 |
| Q4 2025 | $211.0m | $226.1m | 1.07 |
| Q1 2026 | $123.5m | $133.3m | 1.08 |
| Q2 2026 | $137.7m | $167.5m | 1.22 |
Biggest buyers
| PRICE T ROWE ASSOCIATES INC /MD/ | Added | +1.5m |
| FMR LLC | Added | +606.2k |
| JPMORGAN CHASE & CO | Added | +545.2k |
| Zurich Insurance Group Ltd/FI | New | +460.2k |
| VICTORY CAPITAL MANAGEMENT INC | Added | +356.6k |
| Holocene Advisors, LP | Added | +271.7k |
| iA Global Asset Management Inc. | New | +271.3k |
| UBS Group AG | Added | +251.7k |
| Ceredex Value Advisors LLC | New | +224.7k |
| FIRST TRUST ADVISORS LP | Added | +221.9k |
Biggest sellers
| Balyasny Asset Management L.P. | Reduced | -521.7k |
| CITADEL ADVISORS LLC | Reduced | -411.9k |
| Qube Research & Technologies Ltd | Reduced | -360.1k |
| Junto Capital Management LP | Reduced | -299.3k |
| Squarepoint Ops LLC | Sold out | -290.1k |
| Point72 Asset Management, L.P. | Sold out | -279.6k |
| Woodline Partners LP | Sold out | -266.7k |
| Bridgewater Associates, LP | Reduced | -193.2k |
| COOKSON PEIRCE & CO INC | Reduced | -185.7k |
| JANE STREET GROUP, LLC | Reduced | -175.6k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $47.8m290.2k shares |
| CITADEL ADVISORS LLC | Added | $24.5m148.5k shares |
| IMC-Chicago, LLC | Reduced | $22.2m134.9k shares |
| JANE STREET GROUP, LLC | Added | $19.3m116.9k shares |
| Alphadyne Asset Management LP | Reduced | $4.6m27.8k shares |
| Squarepoint Ops LLC | New | $4.3m26.1k shares |
| Walleye Trading LLC | Reduced | $4.0m24.3k shares |
| SIMPLEX TRADING, LLC | Added | $2.7m16.6k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $1.7m10.5k shares |
| Qube Research & Technologies Ltd | Reduced | $1.6m9.9k shares |
Biggest puts
| CITADEL ADVISORS LLC | Added | $46.0m279.1k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $19.6m119.1k shares |
| JANE STREET GROUP, LLC | Reduced | $16.6m100.6k shares |
| IMC-Chicago, LLC | Reduced | $15.7m95.2k shares |
| Walleye Trading LLC | Added | $13.7m83.1k shares |
| Balyasny Asset Management L.P. | New | $10.5m63.6k shares |
| MILLENNIUM MANAGEMENT LLC | New | $6.9m41.9k shares |
| Alphadyne Asset Management LP | Reduced | $6.8m41.3k shares |
| TUDOR INVESTMENT CORP ET AL | Added | $6.4m39.0k shares |
| SIMPLEX TRADING, LLC | Added | $5.4m32.5k 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 +0.5 pts · filed 2026-09-04 | 10.1% |
| GREENHAVEN ASSOCIATES INC 13G · institution +0.4 pts · filed 2026-01-06 | 5.9% |
| Capital World Investors 13G · institution new · filed 2025-11-13 | 5.4% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 | 5.2% |
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 since 1 Apr 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 |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 4 | $5.9m | — |
| Q1 2025 | 0 | — | 2 | $795.2k | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 1 | $8.6k | 8 | $9.9m | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 3 | $12.5m | — |
| Q2 2026 | 0 | — | 3 | $13.5m | — |
| Q3 2026 | 0 | — | 1 | $108.8k | — |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-24 | East Stephen F. Director | Sold | $108.8k800 shares |
| 2026-06-18 | Yearley Douglas C. Jr. Executive Chairman, director | Sold | $12.2m78.0k shares |
| 2026-06-18 | Parahus Robert President & COO | Sold | $1.1m7.5k shares |
| 2026-04-15 | East Stephen F. Director | Sold | $139.7k1.0k 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, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.02% of their portfolio | 9.8m $1.6bn | Reduced -172.5k |
| GREENHAVEN ASSOCIATES INC 10.71% of their portfolio | 5.6m $927.6m | Reduced -15.2k |
| Capital World Investors 0.10% of their portfolio | 5.3m $865.3m | Added +44.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.02% of their portfolio | 4.3m $707.0m | Added +38.5k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.03% of their portfolio | 4.2m $687.7m | Added +4.2k |
| FMR LLC 0.03% of their portfolio | 4.1m $677.3m | Added +606.2k |
| STATE STREET CORP 0.02% of their portfolio | 3.5m $577.6m | Added +146.2k |
| DIMENSIONAL FUND ADVISORS LP 0.09% of their portfolio | 3.1m $511.9m | Added +116.5k |
| GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio | 2.5m $410.4m | Added +111.2k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.03% of their portfolio | 1.9m $312.1m | Added +1.5m |
| AQR CAPITAL MANAGEMENT LLC 0.09% of their portfolio | 1.6m $265.8m | Reduced -148.9k |
| GOLDMAN SACHS GROUP INC 0.03% of their portfolio | 1.5m $242.3m | Added +134.3k |
| JENNISON ASSOCIATES LLC 0.14% of their portfolio | 1.4m $234.1m | Added +2.2k |
| Holocene Advisors, LP 0.50% of their portfolio | 1.3m $219.3m | Added +271.7k |
| NORGES BANK 0.02% of their portfolio | 1.2m $195.8m | Not comparable |
| MORGAN STANLEY 0.01% of their portfolio | 1.2m $190.5m | Reduced -117.6k |
| VICTORY CAPITAL MANAGEMENT INC 0.10% of their portfolio | 1.1m $184.4m | Added +356.6k |
| JPMORGAN CHASE & CO 0.01% of their portfolio | 1.1m $178.9m | Added +545.2k |
| BAMCO INC /NY/ 0.25% of their portfolio | 1.0m $166.2m | Added +77.1k |
| Bank of New York Mellon Corp 0.03% of their portfolio | 1.0m $164.8m | Reduced -32.6k |
| NORTHERN TRUST CORP 0.02% of their portfolio | 863.4k $142.3m | Added +7.9k |
| LSV ASSET MANAGEMENT 0.25% of their portfolio | 823.3k $135.6m | Added +3.9k |
| FIRST TRUST ADVISORS LP 0.08% of their portfolio | 820.1k $135.1m | Added +221.9k |
| BANK OF AMERICA CORP /DE/ 0.01% of their portfolio | 764.3k $125.9m | Added +12.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio | 736.5k $121.3m | Added +8.4k |
| CITADEL ADVISORS LLC 0.07% of their portfolio | 720.7k $118.7m | Reduced -411.9k |
| UBS Group AG 0.02% of their portfolio | 698.4k $115.1m | Added +251.7k |
| MILLENNIUM MANAGEMENT LLC 0.07% of their portfolio | 667.5k $110.0m | Reduced -146.8k |
| VANGUARD FIDUCIARY TRUST CO 0.02% of their portfolio | 599.4k $98.8m | Added +12.1k |
| Jupiter Topco LLC 0.04% of their portfolio | 537.9k $88.6m | First filing |
| RAYMOND JAMES FINANCIAL INC 0.02% of their portfolio | 514.5k $84.8m | Reduced -3.7k |
| TWO SIGMA INVESTMENTS, LP 0.06% of their portfolio | 486.2k $80.1m | Added +36.0k |
| Zurich Insurance Group Ltd/FI 0.53% of their portfolio | 460.2k $75.8m | New |
| Invesco Ltd. 0.01% of their portfolio | 401.3k $66.1m | Reduced -5.6k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio | 390.0k $64.3m | Added +60.0k |
| WELLS FARGO & COMPANY/MN 0.01% of their portfolio | 370.7k $61.1m | Added +31.8k |
| MARSHALL WACE, LLP 0.05% of their portfolio | 353.9k $58.3m | Added +132.7k |
| Quantinno Capital Management LP 0.07% of their portfolio | 339.4k $55.9m | Reduced -158.4k |
| MILFORD FUNDS LTD 0.90% of their portfolio | 335.7k $55.3m | Reduced -19.3k |
| Walleye Capital LLC 0.26% of their portfolio | 334.3k $55.1m | Reduced -56.7k |
| ROYAL BANK OF CANADA 0.01% of their portfolio | 319.1k $52.6m | Added +7.4k |
| ANCHOR CAPITAL ADVISORS LLC 1.46% of their portfolio | 315.1k $51.9m | Reduced -12.0k |
| Pacer Advisors, Inc. 0.13% of their portfolio | 308.2k $50.8m | Reduced -122.1k |
| Balyasny Asset Management L.P. 0.09% of their portfolio | 287.9k $47.4m | Reduced -521.7k |
| BASSWOOD CAPITAL MANAGEMENT, L.L.C. 2.01% of their portfolio | 284.3k $46.8m | Unchanged |
| Caisse de depot et placement du Quebec 0.07% of their portfolio | 282.8k $46.6m | Added +155.9k |
| PRUDENTIAL FINANCIAL INC 0.05% of their portfolio | 282.5k $46.5m | Added +163.7k |
| iA Global Asset Management Inc. 0.53% of their portfolio | 271.3k $44.7m | New |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.39% of their portfolio | 270.7k $44.6m | Added +2.3k |
| Pictet Asset Management Holding SA 0.04% of their portfolio | 267.6k $44.1m | Added +40.8k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio | 265.3k $43.7m | Added +21.6k |
| RHUMBLINE ADVISERS 0.03% of their portfolio | 253.4k $41.8m | Reduced -3.2k |
| WEALTH ENHANCEMENT ADVISORY SERVICES, LLC 0.06% of their portfolio | 248.4k $33.6m | Added +8.7k |
| Ceredex Value Advisors LLC 1.04% of their portfolio | 224.7k $37.0m | New |
| BARCLAYS PLC 0.01% of their portfolio | 215.4k $35.5m | Reduced -1.2k |
| PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio | 215.0k $35.4m | Added +3.6k |
| Nuveen, LLC 0.01% of their portfolio | 208.5k $34.4m | Added +6.5k |
| Allianz Asset Management GmbH 0.03% of their portfolio | 207.7k $28.4m | Added +45 |
| California Public Employees Retirement System 0.02% of their portfolio | 197.3k $32.5m | Reduced -4.0k |
| Retirement Systems of Alabama 0.10% of their portfolio | 197.3k $32.5m | Reduced -18.2k |
| DEROY & DEVEREAUX PRIVATE INVESTMENT COUNSEL INC 1.34% of their portfolio | 194.3k $32.0m | Reduced -4.9k |
| Swiss National Bank 0.02% of their portfolio | 190.1k $31.3m | Added +2.2k |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.13% of their portfolio | 183.0k $30.2m | Reduced -125.8k |
| Verition Fund Management LLC 0.21% of their portfolio | 182.3k $30.0m | Added +87.6k |
| ASSETMARK, INC 0.05% of their portfolio | 179.6k $29.6m | Reduced -11.5k |
| FRANKLIN RESOURCES INC 0.01% of their portfolio | 176.8k $29.1m | Added +13.5k |
| Amundi 0.01% of their portfolio | 174.7k $28.8m | Added +101.4k |
| AMERIPRISE FINANCIAL INC 0.01% of their portfolio | 174.4k $28.7m | Added +7.4k |
| BNP PARIBAS FINANCIAL MARKETS 0.01% of their portfolio | 161.5k $26.6m | Added +48.4k |
| AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio | 160.9k $26.5m | Added +2.3k |
| Rafferty Asset Management, LLC 0.06% of their portfolio | 158.3k $26.1m | Added +22.3k |
| CITIGROUP INC 0.01% of their portfolio | 156.6k $25.8m | Added +32.4k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.04% of their portfolio | 145.1k $23.9m | Added +16.3k |
| GATEWAY INVESTMENT ADVISERS LLC 0.23% of their portfolio | 140.7k $23.2m | Added +22.2k |
| Legal & General Group Plc 0.00% of their portfolio | 139.1k $22.9m | Reduced -72 |
| SG Americas Securities, LLC 0.01% of their portfolio | 132.2k $21.8m | Reduced -94.8k |
| IEQ CAPITAL, LLC 0.10% of their portfolio | 128.2k $21.1m | Reduced -31.6k |
| MERCER GLOBAL ADVISORS INC /ADV 0.03% of their portfolio | 125.2k $20.6m | Added +25.2k |
| Union Bancaire Privee, UBP SA 0.00% of their portfolio | 121.1k $121.1k | Unchanged |
| Qube Research & Technologies Ltd 0.02% of their portfolio | 119.3k $19.7m | Reduced -360.1k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 118.5k $19.5m | Added +10.1k |
| ALLIANCEBERNSTEIN L.P. 0.01% of their portfolio | 115.9k $15.8m | Reduced -1.1k |
| Sone Capital Management, LLC 1.44% of their portfolio | 114.8k $18.9m | New |
| GDS Wealth Management 0.89% of their portfolio | 113.0k $18.6m | Added +11.3k |
| STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio | 112.6k $18.6m | Added +5.7k |
| SummitTX Capital, L.P. 0.48% of their portfolio | 110.6k $18.2m | New |
| NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio | 110.0k $18.1m | Reduced -5.7k |
| VIKING GLOBAL INVESTORS LP 0.05% of their portfolio | 109.9k $18.1m | New |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio | 108.8k $17.9m | Reduced -1.7k |
| LPL Financial LLC 0.00% of their portfolio | 108.4k $17.9m | Added +12.0k |
| Distillate Capital Partners LLC 0.93% of their portfolio | 108.1k $17.8m | Added +554 |
| O'SHAUGHNESSY ASSET MANAGEMENT, LLC 0.08% of their portfolio | 107.3k $17.7m | Added +36.4k |
| LYELL WEALTH MANAGEMENT, LP 1.07% of their portfolio | 105.8k $17.4m | Added +5.6k |
| Gotham Asset Management, LLC 0.04% of their portfolio | 104.9k $17.3m | Reduced -3.7k |
| Baird Financial Group, Inc. 0.02% of their portfolio | 103.7k $17.1m | New |
| CAPTRUST FINANCIAL ADVISORS 0.03% of their portfolio | 99.4k $16.4m | Added +1.8k |
| Empowered Funds, LLC 0.09% of their portfolio | 98.5k $16.2m | Reduced -86.6k |
| NATIONAL BANK OF CANADA /FI/ 0.01% of their portfolio | 97.4k $16.0m | Added +1.7k |
| CAPITAL FUND MANAGEMENT S.A. 0.11% of their portfolio | 97.2k $16.0m | Added +43.7k |
| De Lisle Partners LLP 1.71% of their portfolio | 95.0k $15.7m | Unchanged |