Vault-13

TOPBUILD CORP BLD

COM · Common Stock · CUSIP 89055F103 · ISIN US89055F1030

438 institutional holders +24 vs Q2 2023
30,333,51030.3m shares reported held*
$7.6bnreported value*
65 new 142 added 162 reduced 41 sold out net sold ≈ $67.0m (-293.5k 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 ($31.0m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $251.76. Options: 9 managers hold calls ($11.6m notional), 10 hold puts ($14.8m).

Trends to Q3 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 352Q4 22: 376Q1 23: 394Q2 23: 414Q3 23: 438438Q3 22Q4 22Q1 23Q2 23Q3 23
Numbers
QuarterHolders
Q3 2022352
Q4 2022376
Q1 2023394
Q2 2023414
Q3 2023438

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 23Q3 23: 207 bought or addedQ3 23: 203 cut or sold outQ3 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022185157
Q1 2023201166
Q2 2023178201
Q3 2023207203

Calls vs puts

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

CallsPuts
$0$5m$10m$15m$20mQ4 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 0.41Q3 23 calls: $11.6mQ3 23 puts: $14.8mQ3 23P/C 1.27
Numbers
QuarterCallsPutsP/C
Q4 2022$6.3m$2.7m0.43
Q1 2023$10.2m$4.9m0.48
Q2 2023$17.7m$7.3m0.41
Q3 2023$11.6m$14.8m1.27

Biggest buyers

WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC New +378,168+378.2k
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Added +223,367+223.4k
Capital International Investors Added +151,031+151.0k
FMR LLC Added +133,835+133.8k
ADAGE CAPITAL PARTNERS GP, L.L.C. Added +125,000+125.0k
Point72 Asset Management, L.P. Added +123,889+123.9k
NISSAY ASSET MANAGEMENT CORP /JAPAN Added +88,870+88.9k
Qube Research & Technologies Ltd Added +83,286+83.3k
Cubist Systematic Strategies, LLC New +81,344+81.3k
Castle Hook Partners LP New +72,404+72.4k

Biggest sellers

Findlay Park Partners LLP Reduced -306,385-306.4k
Capital Research Global Investors Reduced -252,382-252.4k
Channing Capital Management, LLC Reduced -158,408-158.4k
AMERIPRISE FINANCIAL INC Reduced -146,626-146.6k
NORGES BANK Reduced -102,531-102.5k
BlackRock Inc. Reduced -99,404-99.4k
CITADEL ADVISORS LLC Reduced -91,232-91.2k
Driehaus Capital Management LLC Reduced -84,877-84.9k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Reduced -78,662-78.7k
Polar Asset Management Partners Inc. Reduced -76,700-76.7k

Biggest calls

SIMPLEX TRADING, LLC Added $3.7m14.8k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $2.9m11.5k shares
CITADEL ADVISORS LLC Reduced $2.0m7.9k shares
JANE STREET GROUP, LLC Added $1.7m6.7k shares
Walleye Trading LLC Reduced $629.0k2.5k shares
TUDOR INVESTMENT CORP ET AL New $528.4k2.1k shares
Walleye Capital LLC New $125.8k500 shares
PEAK6 Investments LLC New $75.5k300 shares
CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $4.5m17.7k shares
D. E. Shaw & Co., Inc. New $4.3m17.2k shares
CITADEL ADVISORS LLC Added $2.5m9.8k shares
Walleye Trading LLC Reduced $1.2m4.8k shares
Walleye Capital LLC New $729.6k2.9k shares
JANE STREET GROUP, LLC New $603.8k2.4k shares
PEAK6 Investments LLC Reduced $478.0k1.9k shares
TUDOR INVESTMENT CORP ET AL New $377.4k1.5k shares
SIMPLEX TRADING, LLC Added $176.0k700 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, Q3 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.02% of their portfolio New York, NY 3,077,9703.1m $774.4m $774.4m 0.02% Reduced -99.4k -99,404
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 2,950,1563.0m $742.3m $742.3m 0.02% Added +264 +264
3 Capital Research Global Investors 0.17% of their portfolio Los Angeles, CA 2,523,5262.5m $634.9m $634.9m 0.17% Reduced -252.4k -252,382
4 Capital International Investors 0.09% of their portfolio Los Angeles, CA 1,418,4431.4m $356.9m $356.9m 0.09% Added +151.0k +151,031
5 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 1,369,5211.4m $344.6m $344.6m 0.07% Reduced -47.6k -47,579
6 Pictet Asset Management Holding SA 0.41% of their portfolio CAROUGE, V8 1,307,5071.3m $329.0m $329.0m 0.41% First filing
7 FMR LLC 0.02% of their portfolio BOSTON, MA 1,100,7191.1m $276.9m $276.9m 0.02% Added +133.8k +133,835
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,022,8861.0m $257.4m $257.4m 0.01% Added +16.7k +16,678
9 Findlay Park Partners LLP 2.65% of their portfolio LONDON, X0 978,475978.5k $246.2m $246.2m 2.65% Reduced -306.4k -306,385
10 Invesco Ltd. 0.06% of their portfolio ATLANTA, GA 880,779880.8k $221.6m $221.6m 0.06% Added +32.8k +32,771
11 ALLIANCEBERNSTEIN L.P. 0.08% of their portfolio NASHVILLE, TN 770,366770.4k $193.8m $193.8m 0.08% Reduced -34.5k -34,493
12 DIMENSIONAL FUND ADVISORS LP 0.05% of their portfolio AUSTIN, TX 613,961614.0k $154.5m $154.5m 0.05% Reduced -40.8k -40,837
13 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 530,317530.3k $133.4m $133.4m 0.02% Added +10.8k +10,822
14 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 477,135477.1k $120.0m $120.0m 0.01% Added +52.0k +51,997
15 CITADEL ADVISORS LLC 0.12% of their portfolio MIAMI, FL 453,490453.5k $114.1m $114.1m 0.12% Reduced -91.2k -91,232
16 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.32% of their portfolio CHICAGO, IL 378,168378.2k $95.1m $95.1m 0.32% New
17 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 281,493281.5k $70.8m $70.8m 0.02% Reduced -12.8k -12,816
18 PRICE T ROWE ASSOCIATES INC /MD/ 0.01% of their portfolio BALTIMORE, MD 276,734276.7k $69.6m $69.6m 0.01% Added +47.7k +47,681
19 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.16% of their portfolio Boston, MA 275,000275.0k $69.2m $69.2m 0.16% Added +125.0k +125,000
20 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.02% of their portfolio SAN FRANCISCO, CA 274,413274.4k $69.0m $69.0m 0.02% Reduced -78.7k -78,662
21 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 265,856265.9k $66.9m $66.9m 0.01% Added +4.8k +4,811
22 Point72 Asset Management, L.P. 0.22% of their portfolio STAMFORD, CT 259,269259.3k $65.2m $65.2m 0.22% Added +123.9k +123,889
23 Boston Trust Walden Corp 0.54% of their portfolio BOSTON, MA 255,589255.6k $64.3m $64.3m 0.54% Reduced -63.4k -63,425
24 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.09% of their portfolio FRANKFURT AM MAIN, 2M 246,162246.2k $61.9m $61.9m 0.09% Added +223.4k +223,367
25 BROWN ADVISORY INC 0.10% of their portfolio BALTIMORE, MD 245,143245.1k $61.7m $61.7m 0.10% Added +268 +268
26 Artemis Investment Management LLP 0.86% of their portfolio EDINBURGH, X0 243,930243.9k $61.4m $61.4m 0.86% Reduced -43.6k -43,554
27 NORGES BANK 0.01% of their portfolio OSLO, Q8 242,732242.7k $61.1m $61.1m 0.01% Reduced -102.5k -102,531
28 Alyeska Investment Group, L.P. 0.40% of their portfolio CHICAGO, IL 234,217234.2k $58.9m $58.9m 0.40% Reduced -56.0k -56,014
29 Fiera Capital Corp 0.17% of their portfolio MONTREAL, A8 211,830211.8k $53.3m $53.3m 0.17% Reduced -7.3k -7,323
30 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 211,457211.5k $53.2m $53.2m 0.01% Added +51.4k +51,409
31 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 210,027210.0k $52.8m $52.8m 0.02% Reduced -146.6k -146,626
32 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.46% of their portfolio Tokyo, M0 204,916204.9k $51.6m $51.6m 0.46% Added +88.9k +88,870
33 Robeco Schweiz AG 0.73% of their portfolio ZURICH, V8 170,900170.9k $43.0m $43.0m 0.73% Reduced -12.0k -12,000
34 Mirae Asset Global Investments Co., Ltd. 0.09% of their portfolio SEOUL, M5 169,741169.7k $42.7m $42.7m 0.09% Added +14.9k +14,888
35 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 167,859167.9k $42.2m $42.2m 0.01% Added +286 +286
36 Qube Research & Technologies Ltd 0.12% of their portfolio LONDON, X0 157,535157.5k $39.6m $39.6m 0.12% Added +83.3k +83,286
37 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 155,804155.8k $39.2m $39.2m 0.03% Reduced -68.5k -68,520
38 Nuveen Asset Management, LLC 0.01% of their portfolio CHICAGO, IL 143,236143.2k $36.0m $36.0m 0.01% Reduced -1.7k -1,701
39 LAZARD ASSET MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 141,225141.2k $35.5m $35.5m 0.05% Reduced -23.0k -22,965
40 ROYAL LONDON ASSET MANAGEMENT LTD 0.10% of their portfolio UNITED KINGDOM, X0 117,298117.3k $29.5m $29.5m 0.10% Reduced -57.6k -57,574
41 PRINCIPAL FINANCIAL GROUP INC 0.02% of their portfolio DES MOINES, IA 117,255117.3k $29.5m $29.5m 0.02% Reduced -19.6k -19,593
42 DekaBank Deutsche Girozentrale 0.07% of their portfolio FRANKFURT, 2M 116,438116.4k $28.8m $28.8m 0.07% Added +16.4k +16,438
43 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 114,480114.5k $28.8m $28.8m 0.01% Added +2.8k +2,846
44 Robeco Institutional Asset Management B.V. 0.08% of their portfolio ROTTERDAM, P7 114,217114.2k $28.7m $28.7m 0.08% Reduced -841 -841
45 FULLER & THALER ASSET MANAGEMENT, INC. 0.16% of their portfolio SAN MATEO, CA 111,922111.9k $28.2m $28.2m 0.16% Reduced -464 -464
46 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio BOSTON, MA 99,83599.8k $25.1m $25.1m 0.03% Added +7.7k +7,689
47 FIRST TRUST ADVISORS LP 0.03% of their portfolio Wheaton, IL 96,47896.5k $24.3m $24.3m 0.03% Reduced -20.7k -20,664
48 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 94,69394.7k $23.8m $23.8m 0.01% Added +10.0k +9,957
49 RHUMBLINE ADVISERS 0.03% of their portfolio BOSTON, MA 94,43594.4k $23.8m $23.8m 0.03% Reduced -1.6k -1,550
50 MILLENNIUM MANAGEMENT LLC 0.02% of their portfolio NEW YORK, NY 91,47591.5k $23.0m $23.0m 0.02% Reduced -76.0k -75,997
51 Cartenna Capital, LP 3.30% of their portfolio STAMFORD, CT 90,00090.0k $22.6m $22.6m 3.30% Added +50.0k +50,000
52 Ranger Investment Management, L.P. 1.46% of their portfolio DALLAS, TX 87,60787.6k $22.0m $22.0m 1.46% Reduced -3.2k -3,163
53 NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio ALBANY, NY 86,09386.1k $21.7m $21.7m 0.03% Reduced -52.0k -51,965
54 Cubist Systematic Strategies, LLC 0.25% of their portfolio STAMFORD, CT 81,34481.3k $20.5m $20.5m 0.25% New
55 Grantham, Mayo, Van Otterloo & Co. LLC 0.09% of their portfolio Boston, MA 78,76378.8k $19.8m $19.8m 0.09% Reduced -2.2k -2,159
56 CREDIT SUISSE AG/ 0.02% of their portfolio ZURICH, V8 76,02076.0k $19.1m $19.1m 0.02% Added +764 +764
57 AMERICAN CENTURY COMPANIES INC 0.01% of their portfolio KANSAS CITY, MO 73,98174.0k $18.6m $18.6m 0.01% Reduced -9.3k -9,320
58 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 72,41172.4k $18.2m $18.2m 0.00% Reduced -5.5k -5,489
59 Castle Hook Partners LP 1.23% of their portfolio NEW YORK, NY 72,40472.4k $18.2m $18.2m 1.23% New
60 Dixon Mitchell Investment Counsel Inc. 1.08% of their portfolio VANCOUVER, A1 70,97571.0k $17.9m $17.9m 1.08% Reduced -1.3k -1,280
61 Amundi 0.01% of their portfolio Paris, I0 69,95970.0k $16.7m $16.7m 0.01% Reduced -3.5k -3,476
62 Swiss National Bank 0.01% of their portfolio ZURICH, V8 69,82169.8k $17.6m $17.6m 0.01% Added +700 +700
63 KENNEDY CAPITAL MANAGEMENT LLC 0.41% of their portfolio ST LOUIS, MO 67,12867.1k $16.9m $16.9m 0.41% Reduced -31.4k -31,395
64 RK Capital Management, LLC 3.94% of their portfolio Denver, CO 66,22066.2k $16.7m $16.7m 3.94% Added +8.5k +8,465
65 Balyasny Asset Management L.P. 0.05% of their portfolio Chicago, IL 64,72864.7k $16.3m $16.3m 0.05% Reduced -35.8k -35,842
66 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 64,69164.7k $16.3m $16.3m 0.01% Added +2.9k +2,854
67 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 60,92860.9k $15.3m $15.3m 0.01% Added +32.0k +31,970
68 Retirement Systems of Alabama 0.07% of their portfolio MONTGOMERY, AL 60,55360.6k $15.2m $15.2m 0.07% Reduced -1.3k -1,262
69 Candriam S.C.A. 0.11% of their portfolio STRASSEN, N4 60,45660.5k $15.2m $15.2m 0.11% Reduced -19.5k -19,451
70 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.11% of their portfolio Cincinnati, OH 59,41559.4k $14.9m $14.9m 0.11% Added +4.3k +4,260
71 Legal & General Group Plc 0.00% of their portfolio London, X0 56,44856.4k $14.2m $14.2m 0.00% Added +1.9k +1,883
72 STATE OF WISCONSIN INVESTMENT BOARD 0.04% of their portfolio MADISON, WI 55,68555.7k $14.0m $14.0m 0.04% Reduced -8.8k -8,792
73 TWINBEECH CAPITAL LP 0.27% of their portfolio PURCHASE, NY 55,05955.1k $13.9m $13.9m 0.27% New
74 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 52,60352.6k $13.2m $13.2m 0.01% Reduced -1.7k -1,687
75 Hosking Partners LLP 0.56% of their portfolio LONDON, X0 50,67050.7k $12.7m $12.7m 0.56% Added +8.5k +8,494
76 Boston Common Asset Management, LLC 0.30% of their portfolio BOSTON, MA 50,05450.1k $12.6m $12.6m 0.30% Reduced -16.7k -16,693
77 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 47,89347.9k $12.0m $12.0m 0.00% Reduced -2.8k -2,823
78 AMERICAN INTERNATIONAL GROUP, INC. 0.07% of their portfolio New York, NY 44,76044.8k $11.3m $11.3m 0.07% Reduced -3.1k -3,146
79 LOS ANGELES CAPITAL MANAGEMENT LLC 0.05% of their portfolio LOS ANGELES, CA 44,13444.1k $11.1m $11.1m 0.05% Reduced -1.4k -1,386
80 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 42,57142.6k $10.7m $10.7m 0.01% Reduced -13.5k -13,525
81 RENAISSANCE TECHNOLOGIES LLC 0.02% of their portfolio NEW YORK, NY 41,60041.6k $10.5m $10.5m 0.02% Added +4.4k +4,400
82 Assenagon Asset Management S.A. 0.04% of their portfolio SENNINGERBERG, N4 41,19841.2k $10.4m $10.4m 0.04% Added +23.0k +23,019
83 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio ALBANY, NY 40,99941.0k $10.3m $10.3m 0.02% Reduced -1.7k -1,677
84 DNB Asset Management AS 0.06% of their portfolio Oslo, Q8 37,68337.7k $9.5m $9.5m 0.06% Reduced -435 -435
85 Ziegler Capital Management, LLC 0.36% of their portfolio CHICAGO, IL 35,69135.7k $9.0m $9.0m 0.36% Reduced -52 -52
86 Schonfeld Strategic Advisors LLC 0.08% of their portfolio NEW YORK, NY 35,41435.4k $8.9m $8.9m 0.08% Added +10.9k +10,865
87 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 35,12735.1k $8.8m $8.8m 0.01% Reduced -3.4k -3,445
88 GW&K Investment Management, LLC 0.09% of their portfolio BOSTON, MA 34,78734.8k $8.8m $8.8m 0.09% Reduced -1.4k -1,382
89 STOREBRAND ASSET MANAGEMENT AS 0.04% of their portfolio LYSAKER, Q8 34,36834.4k $8.6m $8.6m 0.04% Added +9.4k +9,404
90 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.06% of their portfolio NEW YORK, NY 33,72433.7k $8.5m $8.5m 0.06% Reduced -22.9k -22,851
91 Hudson Bay Capital Management LP 0.04% of their portfolio STAMFORD, CT 32,20032.2k $8.1m $8.1m 0.04% Added +15.7k +15,700
92 WHITTIER TRUST CO 0.14% of their portfolio SOUTH PASADENA, CA 31,93531.9k $8.0m $8.0m 0.14% Added +1.2k +1,203
93 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 31,73731.7k $8.0m $8.0m 0.02% Reduced -10.8k -10,788
94 FIRST SABREPOINT CAPITAL MANAGEMENT LP 3.46% of their portfolio DALLAS, TX 29,62529.6k $7.5m $7.5m 3.46% Reduced -13.4k -13,375
95 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.02% of their portfolio TALLAHASSEE, FL 29,60629.6k $7.4m $7.4m 0.02% Reduced -100 -100
96 Driehaus Capital Management LLC 0.09% of their portfolio Chicago, IL 27,50327.5k $6.9m $6.9m 0.09% Reduced -84.9k -84,877
97 Swedbank AB 0.01% of their portfolio STOCKHOLM, V7 27,05027.1k $6.8m $6.8m 0.01% Reduced -1.7k -1,746
98 TEXAS PERMANENT SCHOOL FUND CORP 0.07% of their portfolio AUSTIN, TX 26,97127.0k $6.8m $6.8m 0.07% Reduced -984 -984
99 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 26,93426.9k $6.8m $6.8m 0.00% Added +3.2k +3,187
100 Man Group plc 0.02% of their portfolio LONDON, X0 26,57626.6k $6.7m $6.7m 0.02% New