Vault-13

TOPBUILD CORP BLD

COM · Common Stock · CUSIP 89055F103 · ISIN US89055F1030

414 institutional holders +20 vs Q1 2023
30,810,14530.8m shares reported held*
$8.2bnreported value*
63 new 115 added 158 reduced 43 sold out net sold ≈ $73.9m (-265.3k shares)

* 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 ($9.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $265.83. Options: 7 managers hold calls ($17.7m notional), 6 hold puts ($7.3m).

Trends to Q2 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 352Q4 22: 376Q1 23: 394Q2 23: 414414Q3 22Q4 22Q1 23Q2 23
Numbers
QuarterHolders
Q3 2022352
Q4 2022376
Q1 2023394
Q2 2023414

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
4000400Q4 22: 185 bought or addedQ4 22: 157 cut or sold outQ4 22Q1 23: 201 bought or addedQ1 23: 166 cut or sold outQ1 23Q2 23: 178 bought or addedQ2 23: 201 cut or sold outQ2 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022185157
Q1 2023201166
Q2 2023178201

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$5m$10m$15m$20mQ3 22 calls: $3.0mQ3 22 puts: $7.5mQ3 22P/C 2.47Q4 22 calls: $6.3mQ4 22 puts: $2.7mQ4 22P/C 0.43Q1 23 calls: $10.2mQ1 23 puts: $4.9mQ1 23P/C 0.48Q2 23 calls: $17.7mQ2 23 puts: $7.3mQ2 23P/C 0.41
Numbers
QuarterCallsPutsP/C
Q3 2022$3.0m$7.5m2.47
Q4 2022$6.3m$2.7m0.43
Q1 2023$10.2m$4.9m0.48
Q2 2023$17.7m$7.3m0.41

Biggest buyers

Invesco Ltd. Added +441,145+441.1k
CITADEL ADVISORS LLC Added +283,902+283.9k
MASSACHUSETTS FINANCIAL SERVICES CO /MA/ New +167,573+167.6k
NISSAY ASSET MANAGEMENT CORP /JAPAN New +116,046+116.0k
Balyasny Asset Management L.P. New +100,570+100.6k
Robeco Institutional Asset Management B.V. Added +94,786+94.8k
GEODE CAPITAL MANAGEMENT, LLC Added +73,210+73.2k
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP Added +50,552+50.6k
FIRST SABREPOINT CAPITAL MANAGEMENT LP New +43,000+43.0k
Cartenna Capital, LP New +40,000+40.0k

Biggest sellers

MILLENNIUM MANAGEMENT LLC Reduced -395,061-395.1k
FMR LLC Reduced -225,230-225.2k
Findlay Park Partners LLP Reduced -219,816-219.8k
FULLER & THALER ASSET MANAGEMENT, INC. Reduced -125,277-125.3k
PICTET ASSET MANAGEMENT SA Reduced -106,593-106.6k
ADAGE CAPITAL PARTNERS GP, L.L.C. Reduced -100,000-100.0k
RENAISSANCE TECHNOLOGIES LLC Reduced -95,700-95.7k
Cubist Systematic Strategies, LLC Sold out -78,182-78.2k
Alyeska Investment Group, L.P. Reduced -72,851-72.9k
BlackRock Inc. Reduced -68,417-68.4k

Biggest calls

CITADEL ADVISORS LLC Added $5.4m20.2k shares
SIMPLEX TRADING, LLC New $3.7m13.9k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m10.8k shares
Twin Tree Management, LP Unchanged $2.9m10.8k shares
Walleye Trading LLC Reduced $1.9m7.2k shares
JANE STREET GROUP, LLC Added $984.3k3.7k shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CITADEL ADVISORS LLC Reduced $2.1m8.0k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.0m7.5k shares
Walleye Trading LLC Added $1.8m6.7k shares
PEAK6 Investments LLC Reduced $1.3m4.7k shares
SIMPLEX TRADING, LLC Reduced $106.0k400 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.

HolderStakeChangeShares Last filed
Capital Research Global Investors 13G · institution -2.8 pts · filed 2026-08-12 5.6% -2.8 pts 1.6m≈ $553.8m 2026-08-12
Capital World Investors 13G · institution new · filed 2026-05-14 5.3% new 1.5m≈ $525.9m 2026-05-14
VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-30 5.2% new 1.5m≈ $522.2m 2026-04-30

Fell to 5% or below in the last year: HBK INVESTMENTS L P (0.0%, 2026-08-14), FMR LLC (0.6%, 2026-08-06), BlackRock, Inc. (1.8%, 2026-07-08), Capital International Investors (2.0%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC)

Holders, Q2 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.02% of their portfolio New York, NY 3,177,3743.2m $845.2m $845.2m 0.02% Reduced -68.4k -68,417
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 2,949,8922.9m $784.7m $784.7m 0.02% Reduced -21.9k -21,928
3 Capital Research Global Investors 0.20% of their portfolio Los Angeles, CA 2,775,9082.8m $738.4m $738.4m 0.20% Added +29.6k +29,572
4 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 1,417,1001.4m $377.0m $377.0m 0.07% Unchanged
5 PICTET ASSET MANAGEMENT SA 0.44% of their portfolio GENEVA 73, V8 1,400,5791.4m $372.6m $372.6m 0.44% Reduced -106.6k -106,593
6 Findlay Park Partners LLP 3.51% of their portfolio LONDON, X0 1,284,8601.3m $341.8m $341.8m 3.51% Reduced -219.8k -219,816
7 Capital International Investors 0.08% of their portfolio Los Angeles, CA 1,267,4121.3m $337.2m $337.2m 0.08% Added +380 +380
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,006,2081.0m $267.7m $267.7m 0.01% Added +8.0k +7,955
9 FMR LLC 0.02% of their portfolio BOSTON, MA 966,884966.9k $257.2m $257.2m 0.02% Reduced -225.2k -225,230
10 Invesco Ltd. 0.06% of their portfolio ATLANTA, GA 848,008848.0k $225.6m $225.6m 0.06% Added +441.1k +441,145
11 ALLIANCEBERNSTEIN L.P. 0.09% of their portfolio NASHVILLE, TN 804,859804.9k $214.1m $214.1m 0.09% Reduced -58.3k -58,344
12 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 654,798654.8k $174.2m $174.2m 0.06% Reduced -29.1k -29,127
13 CITADEL ADVISORS LLC 0.16% of their portfolio MIAMI, FL 544,722544.7k $144.9m $144.9m 0.16% Added +283.9k +283,902
14 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 519,495519.5k $138.2m $138.2m 0.02% Added +73.2k +73,210
15 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 425,138425.1k $113.1m $113.1m 0.01% Reduced -49.0k -49,048
16 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 356,653356.7k $94.9m $94.9m 0.03% Added +8.5k +8,496
17 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 353,075353.1k $93.9m $93.9m 0.03% Reduced -2.7k -2,715
18 NORGES BANK 0.02% of their portfolio OSLO, Q8 345,263345.3k $91.8m $91.8m 0.02% Added +7.6k +7,596
19 Boston Trust Walden Corp 0.70% of their portfolio BOSTON, MA 319,014319.0k $84.9m $84.9m 0.70% Added +14.8k +14,776
20 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 294,309294.3k $78.3m $78.3m 0.02% Reduced -9.2k -9,233
21 Alyeska Investment Group, L.P. 0.59% of their portfolio CHICAGO, IL 290,231290.2k $77.2m $77.2m 0.59% Reduced -72.9k -72,851
22 Artemis Investment Management LLP 0.97% of their portfolio EDINBURGH, X0 287,484287.5k $76.4m $76.4m 0.97% Added +20.3k +20,323
23 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 261,045261.0k $69.4m $69.4m 0.01% Reduced -9.6k -9,637
24 BROWN ADVISORY INC 0.10% of their portfolio BALTIMORE, MD 244,875244.9k $65.1m $65.1m 0.10% Added +478 +478
25 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 229,053229.1k $60.9m $60.9m 0.01% Added +31.5k +31,486
26 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 224,324224.3k $59.7m $59.7m 0.03% Reduced -8.8k -8,830
27 Fiera Capital Corp 0.17% of their portfolio MONTREAL, A8 219,153219.2k $58.3m $58.3m 0.17% Reduced -5.6k -5,565
28 Robeco Schweiz AG 0.72% of their portfolio ZURICH, V8 182,900182.9k $48.7m $48.7m 0.72% Unchanged
29 ROYAL LONDON ASSET MANAGEMENT LTD 0.15% of their portfolio UNITED KINGDOM, X0 174,872174.9k $46.5m $46.5m 0.15% Added +36.4k +36,449
30 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 167,573167.6k $44.6m $44.6m 0.01% New
31 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 167,472167.5k $44.6m $44.6m 0.05% Reduced -395.1k -395,061
32 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 164,190164.2k $43.7m $43.7m 0.05% Added +29.9k +29,859
33 Channing Capital Management, LLC 1.33% of their portfolio Chicago, IL 162,636162.6k $43.3m $43.3m 1.33% Reduced -62.5k -62,531
34 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 160,048160.0k $42.6m $42.6m 0.00% Reduced -27.2k -27,195
35 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 154,853154.9k $41.2m $41.2m 0.09% Added +12.9k +12,900
36 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.09% of their portfolio Boston, MA 150,000150.0k $39.9m $39.9m 0.09% Reduced -100.0k -100,000
37 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 144,937144.9k $38.6m $38.6m 0.01% Reduced -4.2k -4,216
38 NEW YORK STATE COMMON RETIREMENT FUND 0.05% of their portfolio ALBANY, NY 138,058138.1k $36.7m $36.7m 0.05% Reduced -17.8k -17,827
39 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 136,848136.8k $36.4m $36.4m 0.02% Added +10.1k +10,098
40 Point72 Asset Management, L.P. 0.12% of their portfolio STAMFORD, CT 135,380135.4k $36.0m $36.0m 0.12% Added +26.4k +26,380
41 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 117,142117.1k $31.2m $31.2m 0.04% Reduced -13.0k -12,993
42 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.27% of their portfolio Tokyo, M0 116,046116.0k $30.9m $30.9m 0.27% New
43 Robeco Institutional Asset Management B.V. 0.08% of their portfolio ROTTERDAM, P7 115,058115.1k $30.6m $30.6m 0.08% Added +94.8k +94,786
44 FULLER & THALER ASSET MANAGEMENT, INC. 0.17% of their portfolio SAN MATEO, CA 112,386112.4k $29.9m $29.9m 0.17% Reduced -125.3k -125,277
45 Driehaus Capital Management LLC 0.38% of their portfolio Chicago, IL 112,380112.4k $29.9m $29.9m 0.38% Added +39.7k +39,659
46 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 111,634111.6k $29.7m $29.7m 0.01% Reduced -36.7k -36,744
47 Balyasny Asset Management L.P. 0.07% of their portfolio Chicago, IL 100,570100.6k $26.8m $26.8m 0.07% New
48 DekaBank Deutsche Girozentrale 0.06% of their portfolio FRANKFURT, 2M 100,000100.0k $26.0m $26.0m 0.06% Unchanged
49 KENNEDY CAPITAL MANAGEMENT LLC 0.61% of their portfolio ST LOUIS, MO 98,52398.5k $26.2m $26.2m 0.61% Added +23.1k +23,097
50 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 95,98596.0k $25.5m $25.5m 0.03% Reduced -1.7k -1,699
51 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 92,14692.1k $24.5m $24.5m 0.03% Added +50.6k +50,552
52 Ranger Investment Management, L.P. 1.45% of their portfolio DALLAS, TX 90,77090.8k $24.1m $24.1m 1.45% Added +2.8k +2,840
53 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 84,73684.7k $17.6m $17.6m 0.01% Unchanged
54 AMERICAN CENTURY COMPANIES INC 0.02% of their portfolio KANSAS CITY, MO 83,30183.3k $22.2m $22.2m 0.02% Reduced -21.0k -21,020
55 Grantham, Mayo, Van Otterloo & Co. LLC 0.10% of their portfolio Boston, MA 80,92280.9k $21.5m $21.5m 0.10% Unchanged
56 Polar Asset Management Partners Inc. 0.43% of their portfolio TORONTO, A6 80,55480.6k $21.4m $21.4m 0.43% Reduced -7.2k -7,200
57 Candriam S.C.A. 0.15% of their portfolio STRASSEN, N4 79,90779.9k $21.3m $21.3m 0.15% Reduced -43.1k -43,127
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 77,90077.9k $20.7m $20.7m 0.00% Reduced -12.0k -11,959
59 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 75,25675.3k $20.0m $20.0m 0.02% Added +9.4k +9,386
60 Qube Research & Technologies Ltd 0.08% of their portfolio LONDON, X0 74,24974.2k $19.8m $19.8m 0.08% Reduced -14.2k -14,231
61 Amundi 0.01% of their portfolio Paris, I0 73,43573.4k $19.4m $19.4m 0.01% Reduced -9.5k -9,512
62 Dixon Mitchell Investment Counsel Inc. 1.10% of their portfolio VANCOUVER, A1 72,25572.3k $19.2m $19.2m 1.10% Reduced -1.3k -1,325
63 Swiss National Bank 0.01% of their portfolio ZURICH, V8 69,12169.1k $18.4m $18.4m 0.01% Added +100 +100
64 Boston Common Asset Management, LLC 0.38% of their portfolio BOSTON, MA 66,74766.7k $17.8m $17.8m 0.38% Reduced -13.4k -13,354
65 STATE OF WISCONSIN INVESTMENT BOARD 0.05% of their portfolio MADISON, WI 64,47764.5k $17.2m $17.2m 0.05% Reduced -1.5k -1,516
66 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 61,83761.8k $16.4m $16.4m 0.01% Reduced -4.0k -4,038
67 Retirement Systems of Alabama 0.07% of their portfolio MONTGOMERY, AL 61,81561.8k $16.4m $16.4m 0.07% Reduced -861 -861
68 RK Capital Management, LLC 3.30% of their portfolio Denver, CO 57,75557.8k $15.4m $15.4m 3.30% Reduced -730 -730
69 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.11% of their portfolio NEW YORK, NY 56,57556.6k $15.1m $15.1m 0.11% Added +3.1k +3,068
70 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 56,09656.1k $14.9m $14.9m 0.01% Added +20.8k +20,840
71 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.11% of their portfolio Cincinnati, OH 55,15555.2k $14.7m $14.7m 0.11% Reduced -6.3k -6,330
72 Legal & General Group Plc 0.00% of their portfolio London, X0 54,56554.6k $14.5m $14.5m 0.00% Reduced -2.0k -1,975
73 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 54,29054.3k $14.4m $14.4m 0.01% Reduced -232 -232
74 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 50,71650.7k $13.5m $13.5m 0.00% Reduced -4.0k -3,986
75 AMERICAN INTERNATIONAL GROUP, INC. 0.08% of their portfolio New York, NY 47,90647.9k $12.7m $12.7m 0.08% Reduced -1.6k -1,555
76 LOS ANGELES CAPITAL MANAGEMENT LLC 0.05% of their portfolio LOS ANGELES, CA 45,52045.5k $12.1m $12.1m 0.05% Added +750 +750
77 FIRST SABREPOINT CAPITAL MANAGEMENT LP 5.01% of their portfolio DALLAS, TX 43,00043.0k $11.4m $11.4m 5.01% New
78 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio ALBANY, NY 42,67642.7k $11.4m $11.4m 0.03% Reduced -3.6k -3,600
79 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 42,52542.5k $11.3m $11.3m 0.02% Added +6.3k +6,295
80 Hosking Partners LLP 0.47% of their portfolio LONDON, X0 42,17642.2k $11.2m $11.2m 0.47% Added +3.7k +3,708
81 Cartenna Capital, LP 1.51% of their portfolio STAMFORD, CT 40,00040.0k $10.6m $10.6m 1.51% New
82 Lisanti Capital Growth, LLC 1.44% of their portfolio NEW YORK, NY 39,02039.0k $10.4m $10.4m 1.44% New
83 MOORE CAPITAL MANAGEMENT, LP 0.25% of their portfolio NEW YORK, NY 38,99439.0k $10.4m $10.4m 0.25% New
84 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 38,57238.6k $10.3m $10.3m 0.01% Reduced -2.5k -2,532
85 DNB Asset Management AS 0.06% of their portfolio Oslo, Q8 38,11838.1k $10.1m $10.1m 0.06% Reduced -298 -298
86 RENAISSANCE TECHNOLOGIES LLC 0.01% of their portfolio NEW YORK, NY 37,20037.2k $9.9m $9.9m 0.01% Reduced -95.7k -95,700
87 GW&K Investment Management, LLC 0.09% of their portfolio BOSTON, MA 36,16936.2k $9.6m $9.6m 0.09% Added +6.6k +6,644
88 Ziegler Capital Management, LLC 0.36% of their portfolio CHICAGO, IL 35,74335.7k $9.5m $9.5m 0.36% Reduced -504 -504
89 Daiwa Securities Group Inc. 0.06% of their portfolio CHIYODA-KU,TOKYO, M0 33,50033.5k $8.9m $8.9m 0.06% Reduced -4.9k -4,900
90 NFJ INVESTMENT GROUP, LLC 0.23% of their portfolio DALLAS, TX 32,52032.5k $8.7m $8.7m 0.23% Reduced -54.0k -54,023
91 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 32,37932.4k $8.6m $8.6m 0.01% Added +2.8k +2,849
92 WHITTIER TRUST CO 0.14% of their portfolio SOUTH PASADENA, CA 30,73230.7k $8.2m $8.2m 0.14% Added +1.8k +1,808
93 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 29,80429.8k $7.9m $7.9m 0.00% Added +12.3k +12,285
94 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio TALLAHASSEE, FL 29,70629.7k $7.9m $7.9m 0.02% Reduced -32 -32
95 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 28,95829.0k $7.7m $7.7m 0.00% Added +289 +289
96 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 28,79628.8k $7.7m $7.7m 0.01% Unchanged
97 FIL Ltd 0.01% of their portfolio HAMILTON, D0 28,27128.3k $7.5m $7.5m 0.01% Added +27.3k +27,259
98 TEXAS PERMANENT SCHOOL FUND CORP 0.07% of their portfolio AUSTIN, TX 27,95528.0k $7.4m $7.4m 0.07% Reduced -718 -718
99 Skandinaviska Enskilda Banken AB (publ) 0.05% of their portfolio STOCKHOLM, V7 25,80025.8k $6.9m $6.9m 0.05% Unchanged
100 NISA INVESTMENT ADVISORS, LLC 0.05% of their portfolio ST. LOUIS, MO 25,35525.4k $6.7m $6.7m 0.05% Reduced -2.9k -2,898