Vault-13

TOPBUILD CORP BLD

COM · Common Stock · CUSIP 89055F103 · ISIN US89055F1030

479 institutional holders +41 vs Q3 2023
30,750,90830.8m shares reported held*
$11.5bnreported value*
73 new 150 added 171 reduced 49 sold out net bought ≈ $107.1m (+312.7k 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 ($12.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $374.18. Options: 12 managers hold calls ($52.2m notional), 11 hold puts ($37.8m).

Trends to Q4 2023

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 352Q4 22: 376Q1 23: 394Q2 23: 414Q3 23: 438Q4 23: 479479Q3 22Q4 22Q1 23Q2 23Q3 23Q4 23
Numbers
QuarterHolders
Q3 2022352
Q4 2022376
Q1 2023394
Q2 2023414
Q3 2023438
Q4 2023479

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 23Q4 23: 223 bought or addedQ4 23: 220 cut or sold outQ4 23
Numbers
QuarterBought or addedCut or sold out
Q4 2022185157
Q1 2023201166
Q2 2023178201
Q3 2023207203
Q4 2023223220

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ1 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 1.27Q4 23 calls: $52.2mQ4 23 puts: $37.8mQ4 23P/C 0.72
Numbers
QuarterCallsPutsP/C
Q1 2023$10.2m$4.9m0.48
Q2 2023$17.7m$7.3m0.41
Q3 2023$11.6m$14.8m1.27
Q4 2023$52.2m$37.8m0.72

Biggest buyers

BANK OF AMERICA CORP /DE/ Added +454,779+454.8k
Liontrust Investment Partners LLP Added +346,222+346.2k
AXIOM INVESTORS LLC /DE New +233,663+233.7k
Capital International Investors Added +198,614+198.6k
NORGES BANK Added +171,373+171.4k
Invesco Ltd. Added +161,719+161.7k
MORGAN STANLEY Added +153,691+153.7k
DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main Added +130,563+130.6k
FULLER & THALER ASSET MANAGEMENT, INC. Added +105,445+105.4k
BNP PARIBAS ASSET MANAGEMENT Holding S.A. New +78,303+78.3k

Biggest sellers

FMR LLC Reduced -263,914-263.9k
Pictet Asset Management Holding SA Reduced -244,968-245.0k
CITADEL ADVISORS LLC Reduced -168,935-168.9k
Point72 Asset Management, L.P. Reduced -134,510-134.5k
Boston Trust Walden Corp Reduced -123,515-123.5k
Cartenna Capital, LP Sold out -90,000-90.0k
Findlay Park Partners LLP Reduced -84,868-84.9k
MILLENNIUM MANAGEMENT LLC Reduced -84,774-84.8k
Cubist Systematic Strategies, LLC Sold out -81,344-81.3k
Castle Hook Partners LP Sold out -72,404-72.4k

Biggest calls

Twin Tree Management, LP New $20.3m54.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.7m25.8k shares
CITADEL ADVISORS LLC Added $6.8m18.1k shares
PEAK6 Investments LLC Added $5.4m14.5k shares
Walleye Trading LLC Added $5.0m13.4k shares
BNP PARIBAS FINANCIAL MARKETS New $2.6m70 shares
WOLVERINE TRADING, LLC New $1.2m3.1k shares
SIMPLEX TRADING, LLC Reduced $561.0k1.5k shares
JANE STREET GROUP, LLC Reduced $449.1k1.2k shares
TUDOR INVESTMENT CORP ET AL Reduced $262.0k700 shares

Biggest puts

JANE STREET GROUP, LLC Added $10.8m28.9k shares
CITADEL ADVISORS LLC Added $8.9m23.8k shares
D. E. Shaw & Co., Inc. Unchanged $6.4m17.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $4.2m11.3k shares
Twin Tree Management, LP New $3.0m8.0k shares
Walleye Trading LLC Added $2.5m6.6k shares
PEAK6 Investments LLC Added $785.9k2.1k shares
Walleye Capital LLC Reduced $748.5k2.0k shares
WOLVERINE TRADING, LLC New $336.8k900 shares
SIMPLEX TRADING, LLC Reduced $112.0k300 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, Q4 2023

#ManagerLocationShares Value% of their portfolioChangeShares change
1 BlackRock Inc. 0.03% of their portfolio New York, NY 3,050,7903.1m $1.1bn $1.1bn 0.03% Reduced -27.2k -27,180
2 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 2,974,0623.0m $1.1bn $1.1bn 0.02% Added +23.9k +23,906
3 Capital Research Global Investors 0.23% of their portfolio Los Angeles, CA 2,518,8372.5m $942.7m $942.7m 0.23% Reduced -4.7k -4,689
4 Capital International Investors 0.14% of their portfolio Los Angeles, CA 1,617,0571.6m $605.2m $605.2m 0.14% Added +198.6k +198,614
5 Capital World Investors 0.09% of their portfolio LOS ANGELES, CA 1,301,0211.3m $486.9m $486.9m 0.09% Reduced -68.5k -68,500
6 STATE STREET CORP 0.02% of their portfolio BOSTON, MA 1,069,0191.1m $400.1m $400.1m 0.02% Added +46.1k +46,133
7 Pictet Asset Management Holding SA 0.44% of their portfolio CAROUGE, V8 1,062,5391.1m $397.7m $397.7m 0.44% Reduced -245.0k -244,968
8 Invesco Ltd. 0.09% of their portfolio ATLANTA, GA 1,042,4981.0m $390.2m $390.2m 0.09% Added +161.7k +161,719
9 BANK OF AMERICA CORP /DE/ 0.04% of their portfolio CHARLOTTE, NC 931,914931.9k $348.8m $348.8m 0.04% Added +454.8k +454,779
10 Findlay Park Partners LLP 3.29% of their portfolio LONDON, X0 893,607893.6k $334.4m $334.4m 3.29% Reduced -84.9k -84,868
11 FMR LLC 0.02% of their portfolio BOSTON, MA 836,805836.8k $313.2m $313.2m 0.02% Reduced -263.9k -263,914
12 ALLIANCEBERNSTEIN L.P. 0.11% of their portfolio NASHVILLE, TN 792,577792.6k $296.6m $296.6m 0.11% Added +22.2k +22,211
13 DIMENSIONAL FUND ADVISORS LP 0.06% of their portfolio AUSTIN, TX 562,743562.7k $210.6m $210.6m 0.06% Reduced -51.2k -51,218
14 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 549,384549.4k $205.6m $205.6m 0.02% Added +19.1k +19,067
15 NORGES BANK 0.03% of their portfolio OSLO, Q8 414,105414.1k $155.0m $155.0m 0.03% Added +171.4k +171,373
16 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.19% of their portfolio FRANKFURT AM MAIN, 2M 376,725376.7k $141.0m $141.0m 0.19% Added +130.6k +130,563
17 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 365,148365.1k $136.7m $136.7m 0.01% Added +153.7k +153,691
18 WILLIAM BLAIR INVESTMENT MANAGEMENT, LLC 0.40% of their portfolio CHICAGO, IL 362,862362.9k $135.8m $135.8m 0.40% Reduced -15.3k -15,306
19 Liontrust Investment Partners LLP 1.92% of their portfolio LONDON, X0 352,702352.7k $132.0m $132.0m 1.92% Added +346.2k +346,222
20 PRICE T ROWE ASSOCIATES INC /MD/ 0.02% of their portfolio BALTIMORE, MD 300,001300.0k $112.3m $112.3m 0.02% Added +23.3k +23,267
21 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.23% of their portfolio Boston, MA 293,000293.0k $109.7m $109.7m 0.23% Added +18.0k +18,000
22 CITADEL ADVISORS LLC 0.11% of their portfolio MIAMI, FL 284,555284.6k $106.5m $106.5m 0.11% Reduced -168.9k -168,935
23 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 275,551275.6k $103.1m $103.1m 0.02% Reduced -5.9k -5,942
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.03% of their portfolio SAN FRANCISCO, CA 270,094270.1k $101.1m $101.1m 0.03% Reduced -4.3k -4,319
25 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 260,083260.1k $97.3m $97.3m 0.02% Reduced -5.8k -5,773
26 Alyeska Investment Group, L.P. 0.63% of their portfolio CHICAGO, IL 251,725251.7k $94.2m $94.2m 0.63% Added +17.5k +17,508
27 BROWN ADVISORY INC 0.13% of their portfolio BALTIMORE, MD 246,171246.2k $92.1m $92.1m 0.13% Added +1.0k +1,028
28 AXIOM INVESTORS LLC /DE 0.86% of their portfolio GREENWICH, CT 233,663233.7k $87.5m $87.5m 0.86% New
29 AMERIPRISE FINANCIAL INC 0.03% of their portfolio MINNEAPOLIS, MN 233,087233.1k $87.2m $87.2m 0.03% Added +23.1k +23,060
30 Artemis Investment Management LLP 1.26% of their portfolio EDINBURGH, X0 229,848229.8k $86.0m $86.0m 1.26% Reduced -14.1k -14,082
31 FULLER & THALER ASSET MANAGEMENT, INC. 0.41% of their portfolio SAN MATEO, CA 217,367217.4k $81.4m $81.4m 0.41% Added +105.4k +105,445
32 Fiera Capital Corp 0.25% of their portfolio MONTREAL, A8 213,747213.7k $80.0m $80.0m 0.25% Added +1.9k +1,917
33 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 170,746170.7k $63.9m $63.9m 0.02% Added +2.9k +2,887
34 Mirae Asset Global Investments Co., Ltd. 0.13% of their portfolio SEOUL, M5 168,172168.2k $62.9m $62.9m 0.13% Reduced -1.6k -1,569
35 DEUTSCHE BANK AG\ 0.03% of their portfolio FRANKFURT AM MAIN, 2M 164,262164.3k $61.5m $61.5m 0.03% Added +8.5k +8,458
36 Nuveen Asset Management, LLC 0.02% of their portfolio CHICAGO, IL 149,838149.8k $56.1m $56.1m 0.02% Added +6.6k +6,602
37 Robeco Schweiz AG 0.90% of their portfolio ZURICH, V8 142,900142.9k $53.5m $53.5m 0.90% Reduced -28.0k -28,000
38 LAZARD ASSET MANAGEMENT LLC 0.07% of their portfolio NEW YORK, NY 142,450142.4k $53.3m $53.3m 0.07% Added +1.2k +1,225
39 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 140,690140.7k $52.7m $52.7m 0.00% Added +68.3k +68,279
40 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.42% of their portfolio Tokyo, M0 138,258138.3k $51.7m $51.7m 0.42% Reduced -66.7k -66,658
41 Boston Trust Walden Corp 0.37% of their portfolio BOSTON, MA 132,074132.1k $49.4m $49.4m 0.37% Reduced -123.5k -123,515
42 Point72 Asset Management, L.P. 0.14% of their portfolio STAMFORD, CT 124,759124.8k $46.7m $46.7m 0.14% Reduced -134.5k -134,510
43 PRINCIPAL FINANCIAL GROUP INC 0.03% of their portfolio DES MOINES, IA 116,770116.8k $43.7m $43.7m 0.03% Reduced -485 -485
44 ROYAL LONDON ASSET MANAGEMENT LTD 0.12% of their portfolio UNITED KINGDOM, X0 115,715115.7k $43.3m $43.3m 0.12% Reduced -1.6k -1,583
45 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 109,756109.8k $41.1m $41.1m 0.01% Reduced -4.7k -4,724
46 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 105,498105.5k $39.5m $39.5m 0.03% Added +31.5k +31,517
47 FIRST TRUST ADVISORS LP 0.04% of their portfolio Wheaton, IL 100,751100.8k $37.7m $37.7m 0.04% Added +4.3k +4,273
48 DekaBank Deutsche Girozentrale 0.08% of their portfolio FRANKFURT, 2M 100,738100.7k $37.4m $37.4m 0.08% Reduced -15.7k -15,700
49 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 94,90594.9k $35.5m $35.5m 0.01% Added +212 +212
50 RHUMBLINE ADVISERS 0.04% of their portfolio BOSTON, MA 89,85589.9k $33.6m $33.6m 0.04% Reduced -4.6k -4,580
51 ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.04% of their portfolio BOSTON, MA 89,46389.5k $33.5m $33.5m 0.04% Reduced -10.4k -10,372
52 Ranger Investment Management, L.P. 2.00% of their portfolio DALLAS, TX 88,05488.1k $33.0m $33.0m 2.00% Added +447 +447
53 Qube Research & Technologies Ltd 0.07% of their portfolio LONDON, X0 85,25685.3k $31.9m $31.9m 0.07% Reduced -72.3k -72,279
54 NEW YORK STATE COMMON RETIREMENT FUND 0.04% of their portfolio ALBANY, NY 84,96285.0k $31.8m $31.8m 0.04% Reduced -1.1k -1,131
55 CREDIT SUISSE AG/ 0.03% of their portfolio ZURICH, V8 79,35079.3k $29.7m $29.7m 0.03% Added +3.3k +3,330
56 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.08% of their portfolio Paris, I0 78,30378.3k $29.3m $29.3m 0.08% New
57 Robeco Institutional Asset Management B.V. 0.07% of their portfolio ROTTERDAM, P7 75,35275.4k $28.2m $28.2m 0.07% Reduced -38.9k -38,865
58 Retirement Systems of Alabama 0.12% of their portfolio MONTGOMERY, AL 74,09574.1k $27.7m $27.7m 0.12% Added +13.5k +13,542
59 Allianz Asset Management GmbH 0.05% of their portfolio MUNICH, 2M 74,02174.0k $27.7m $27.7m 0.05% Added +54.0k +53,950
60 Dixon Mitchell Investment Counsel Inc. 1.38% of their portfolio VANCOUVER, A1 69,25869.3k $25.9m $25.9m 1.38% Reduced -1.7k -1,717
61 Amundi 0.01% of their portfolio Paris, I0 67,12067.1k $24.1m $24.1m 0.01% Reduced -2.8k -2,839
62 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 62,76562.8k $23.5m $23.5m 0.02% Added +39.6k +39,552
63 California Public Employees Retirement System 0.02% of their portfolio Sacramento, CA 62,76162.8k $23.5m $23.5m 0.02% Reduced -1.9k -1,930
64 Swiss National Bank 0.02% of their portfolio ZURICH, V8 62,62162.6k $23.4m $23.4m 0.02% Reduced -7.2k -7,200
65 ENVESTNET ASSET MANAGEMENT INC 0.01% of their portfolio Berwyn, PA 61,41161.4k $23.0m $23.0m 0.01% Added +483 +483
66 AXA S.A. 0.04% of their portfolio PARIS, I0 61,31461.3k $22.9m $22.9m 0.04% Added +40.5k +40,514
67 STATE OF WISCONSIN INVESTMENT BOARD 0.06% of their portfolio MADISON, WI 60,89460.9k $22.8m $22.8m 0.06% Added +5.2k +5,209
68 RK Capital Management, LLC 4.45% of their portfolio Denver, CO 55,78055.8k $20.9m $20.9m 4.45% Reduced -10.4k -10,440
69 Legal & General Group Plc 0.01% of their portfolio London, X0 54,62654.6k $20.4m $20.4m 0.01% Reduced -1.8k -1,822
70 KENNEDY CAPITAL MANAGEMENT LLC 0.45% of their portfolio ST LOUIS, MO 54,54854.5k $20.4m $20.4m 0.45% Reduced -12.6k -12,580
71 LPL Financial LLC 0.01% of their portfolio FORT MILL, SC 52,89752.9k $19.8m $19.8m 0.01% Added +294 +294
72 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 51,96652.0k $19.4m $19.4m 0.01% Added +9.4k +9,395
73 Grantham, Mayo, Van Otterloo & Co. LLC 0.08% of their portfolio Boston, MA 51,45051.5k $19.3m $19.3m 0.08% Reduced -27.3k -27,313
74 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.12% of their portfolio Cincinnati, OH 48,15548.2k $18.0m $18.0m 0.12% Reduced -11.3k -11,260
75 WELLS FARGO & COMPANY/MN 0.01% of their portfolio SAN FRANCISCO, CA 48,06748.1k $18.0m $18.0m 0.01% Added +174 +174
76 Candriam S.C.A. 0.12% of their portfolio STRASSEN, N4 47,45147.5k $17.8m $17.8m 0.12% Reduced -13.0k -13,005
77 GLENMEDE TRUST CO NA 0.09% of their portfolio PHILADELPHIA, PA 47,44147.4k $17.8m $17.8m 0.09% Added +46.5k +46,490
78 Hosking Partners LLP 0.75% of their portfolio LONDON, X0 47,25947.3k $17.7m $17.7m 0.75% Reduced -3.4k -3,411
79 LOS ANGELES CAPITAL MANAGEMENT LLC 0.07% of their portfolio LOS ANGELES, CA 47,07447.1k $17.6m $17.6m 0.07% Added +2.9k +2,940
80 AMERICAN INTERNATIONAL GROUP, INC. 0.07% of their portfolio New York, NY 42,93742.9k $16.1m $16.1m 0.07% Reduced -1.8k -1,823
81 Boston Common Asset Management, LLC 0.35% of their portfolio BOSTON, MA 41,41341.4k $15.5m $15.5m 0.35% Reduced -8.6k -8,641
82 NEW YORK STATE TEACHERS RETIREMENT SYSTEM 0.03% of their portfolio ALBANY, NY 38,24338.2k $14.3m $14.3m 0.03% Reduced -2.8k -2,756
83 NEUBERGER BERMAN GROUP LLC 0.01% of their portfolio NEW YORK, NY 37,64237.6k $14.1m $14.1m 0.01% Added +32.6k +32,564
84 DNB Asset Management AS 0.07% of their portfolio Oslo, Q8 37,42737.4k $14.0m $14.0m 0.07% Reduced -256 -256
85 GW&K Investment Management, LLC 0.12% of their portfolio BOSTON, MA 34,00034.0k $12.7m $12.7m 0.12% Reduced -787 -787
86 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.02% of their portfolio WEST SACRAMENTO, CA 33,59133.6k $12.6m $12.6m 0.02% Reduced -1.5k -1,536
87 STATE BOARD OF ADMINISTRATION OF FLORIDA RETIREMENT SYSTEM 0.03% of their portfolio TALLAHASSEE, FL 33,58233.6k $12.6m $12.6m 0.03% Added +4.0k +3,976
88 WHITTIER TRUST CO 0.20% of their portfolio SOUTH PASADENA, CA 32,77932.8k $12.3m $12.3m 0.20% Added +844 +844
89 Russell Investments Group, Ltd. 0.02% of their portfolio Seattle, WA 32,24132.2k $12.1m $12.1m 0.02% Added +504 +504
90 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 31,00431.0k $11.6m $11.6m 0.00% Added +11.2k +11,205
91 SILVERCREST ASSET MANAGEMENT GROUP LLC 0.08% of their portfolio NEW YORK, NY 30,40830.4k $11.4m $11.4m 0.08% Reduced -3.3k -3,316
92 Driehaus Capital Management LLC 0.13% of their portfolio Chicago, IL 29,84529.8k $11.2m $11.2m 0.13% Added +2.3k +2,342
93 Hook Mill Capital Partners, LP 2.94% of their portfolio NEW YORK, NY 29,77829.8k $11.1m $11.1m 2.94% Added +17.7k +17,738
94 FIRST SABREPOINT CAPITAL MANAGEMENT LP 5.02% of their portfolio DALLAS, TX 29,50029.5k $11.0m $11.0m 5.02% Reduced -125 -125
95 Swedbank AB 0.02% of their portfolio STOCKHOLM, V7 27,57427.6k $10.3m $10.3m 0.02% Added +524 +524
96 TEXAS PERMANENT SCHOOL FUND CORP 0.09% of their portfolio AUSTIN, TX 27,44927.4k $10.3m $10.3m 0.09% Added +478 +478
97 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.01% of their portfolio Toronto, A6 26,18926.2k $9.8m $9.8m 0.01% Reduced -745 -745
98 Channing Capital Management, LLC 0.28% of their portfolio Chicago, IL 25,43025.4k $9.5m $9.5m 0.28% Added +21.2k +21,202
99 STOREBRAND ASSET MANAGEMENT AS 0.03% of their portfolio LYSAKER, Q8 25,07325.1k $9.4m $9.4m 0.03% Reduced -9.3k -9,295
100 EULAV Asset Management 0.28% of their portfolio SARASOTA, FL 24,40624.4k $9.1m $9.1m 0.28% Reduced -1 -1