Vault-13

TOPBUILD CORP BLD

COM · Common Stock · CUSIP 89055F103 · ISIN US89055F1030

553 institutional holders +64 vs Q2 2025
29,160,83529.2m shares reported held*
$11.4bnreported value*
106 new 176 added 180 reduced 38 sold out net bought ≈ $167.7m (+429.8k 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 ($52.1m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $390.87. Options: 7 managers hold calls ($15.2m notional), 9 hold puts ($47.3m).

Trends to Q3 2025

Institutional holders

Managers reporting a position, each quarter

0200400600Q3 22: 352Q4 22: 376Q1 23: 394Q2 23: 414Q3 23: 438Q4 23: 479Q1 24: 512Q2 24: 530Q3 24: 529Q4 24: 521Q1 25: 495Q2 25: 489Q3 25: 553553Q3 22Q2 23Q1 24Q4 24Q3 25
Numbers
QuarterHolders
Q3 2022352
Q4 2022376
Q1 2023394
Q2 2023414
Q3 2023438
Q4 2023479
Q1 2024512
Q2 2024530
Q3 2024529
Q4 2024521
Q1 2025495
Q2 2025489
Q3 2025553

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q4 23: 223 bought or addedQ4 23: 220 cut or sold outQ1 24: 238 bought or addedQ1 24: 243 cut or sold outQ1 24Q2 24: 245 bought or addedQ2 24: 249 cut or sold outQ3 24: 221 bought or addedQ3 24: 295 cut or sold outQ3 24Q4 24: 227 bought or addedQ4 24: 289 cut or sold outQ1 25: 223 bought or addedQ1 25: 266 cut or sold outQ1 25Q2 25: 232 bought or addedQ2 25: 241 cut or sold outQ3 25: 282 bought or addedQ3 25: 218 cut or sold outQ3 25
Numbers
QuarterBought or addedCut or sold out
Q4 2023223220
Q1 2024238243
Q2 2024245249
Q3 2024221295
Q4 2024227289
Q1 2025223266
Q2 2025232241
Q3 2025282218

Calls vs puts

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

CallsPuts
$0$20m$40m$60mQ4 24 calls: $5.7mQ4 24 puts: $6.2mQ4 24P/C 1.09Q1 25 calls: $23.4mQ1 25 puts: $25.5mQ1 25P/C 1.09Q2 25 calls: $21.2mQ2 25 puts: $31.4mQ2 25P/C 1.48Q3 25 calls: $15.2mQ3 25 puts: $47.3mQ3 25P/C 3.10
Numbers
QuarterCallsPutsP/C
Q4 2024$5.7m$6.2m1.09
Q1 2025$23.4m$25.5m1.09
Q2 2025$21.2m$31.4m1.48
Q3 2025$15.2m$47.3m3.10

Biggest buyers

Biggest sellers

Capital International Investors Reduced -261,729-261.7k
Pictet Asset Management Holding SA Reduced -196,355-196.4k
Allspring Global Investments Holdings, LLC Reduced -139,554-139.6k
VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. Reduced -116,180-116.2k
BANK OF AMERICA CORP /DE/ Reduced -97,069-97.1k
WESTWOOD HOLDINGS GROUP INC Reduced -96,739-96.7k
Liontrust Investment Partners LLP Reduced -87,954-88.0k
AMERIPRISE FINANCIAL INC Reduced -75,491-75.5k
VANGUARD GROUP INC Reduced -62,206-62.2k
Walleye Capital LLC Reduced -56,360-56.4k

Biggest calls

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $9.0m23.1k shares
Hudson Bay Capital Management LP Reduced $2.7m7.0k shares
CITADEL ADVISORS LLC Reduced $1.4m3.7k shares
JANE STREET GROUP, LLC Reduced $1.3m3.3k shares
WOLVERINE TRADING, LLC Reduced $471.2k1.2k shares
Walleye Trading LLC Reduced $234.5k600 shares
SIMPLEX TRADING, LLC Reduced $39.0k100 shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $32.1m82.0k shares
CITADEL ADVISORS LLC Reduced $4.4m11.2k shares
GROUP ONE TRADING LLC New $3.9m10.0k shares
Hudson Bay Capital Management LP Reduced $2.7m7.0k shares
WOLVERINE TRADING, LLC Added $2.1m5.4k shares
JANE STREET GROUP, LLC Reduced $1.1m2.9k shares
Walleye Trading LLC Added $703.5k1.8k shares
SIMPLEX TRADING, LLC Reduced $195.0k500 shares
Walleye Capital LLC Reduced $78.2k200 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 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 Capital Research Global Investors 0.26% of their portfolio Los Angeles, CA 3,496,8843.5m $1.4bn $1.4bn 0.26% Added +62.7k +62,690
2 BlackRock, Inc. 0.02% of their portfolio New York, NY 2,827,1622.8m $1.1bn $1.1bn 0.02% Reduced -32.6k -32,615
3 VANGUARD GROUP INC 0.02% of their portfolio Valley Forge, PA 2,626,0782.6m $1.0bn $1.0bn 0.02% Reduced -62.2k -62,206
4 FMR LLC 0.04% of their portfolio BOSTON, MA 2,050,2732.1m $801.4m $801.4m 0.04% Reduced -31.0k -30,959
5 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 1,015,8511.0m $397.1m $397.1m 0.01% Reduced -8.4k -8,372
6 Capital International Investors 0.06% of their portfolio Los Angeles, CA 887,236887.2k $346.8m $346.8m 0.06% Reduced -261.7k -261,729
7 Capital World Investors 0.05% of their portfolio LOS ANGELES, CA 864,574864.6k $337.9m $337.9m 0.05% Added +15.0k +15,009
8 Boston Partners 0.31% of their portfolio BOSTON, MA 781,561781.6k $305.7m $305.7m 0.31% Added +7.4k +7,400
9 BANK OF AMERICA CORP /DE/ 0.02% of their portfolio CHARLOTTE, NC 750,367750.4k $293.3m $293.3m 0.02% Reduced -97.1k -97,069
10 T. Rowe Price Investment Management, Inc. 0.16% of their portfolio BALTIMORE, MD 649,843649.8k $254.0m $254.0m 0.16% Added +29.3k +29,348
11 Pictet Asset Management Holding SA 0.24% of their portfolio CAROUGE, V8 646,285646.3k $252.6m $252.6m 0.24% Reduced -196.4k -196,355
12 GEODE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio BOSTON, MA 636,016636.0k $248.6m $248.6m 0.02% Added +7.7k +7,658
13 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.20% of their portfolio FRANKFURT AM MAIN, 2M 558,773558.8k $218.4m $218.4m 0.20% Added +92.0k +91,997
14 DIMENSIONAL FUND ADVISORS LP 0.04% of their portfolio AUSTIN, TX 496,055496.1k $193.9m $193.9m 0.04% Added +3.0k +2,951
15 Invesco Ltd. 0.02% of their portfolio ATLANTA, GA 393,646393.6k $153.9m $153.9m 0.02% Added +12.0k +12,022
16 ROYAL LONDON ASSET MANAGEMENT LTD 0.32% of their portfolio UNITED KINGDOM, X0 385,813385.8k $150.8m $150.8m 0.32% Added +257.0k +256,974
17 NORTHERN TRUST CORP 0.02% of their portfolio CHICAGO, IL 307,105307.1k $120.0m $120.0m 0.02% Reduced -4.0k -4,001
18 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 297,714297.7k $116.4m $116.4m 0.01% Added +75.3k +75,267
19 Liontrust Investment Partners LLP 1.65% of their portfolio LONDON, X0 288,442288.4k $112.7m $112.7m 1.65% Reduced -88.0k -87,954
20 NORDEA INVESTMENT MANAGEMENT AB 0.09% of their portfolio STOCKHOLM, V7 278,803278.8k $107.9m $107.9m 0.09% Added +194.0k +193,969
21 BARROW HANLEY MEWHINNEY & STRAUSS LLC 0.34% of their portfolio DALLAS, TX 272,338272.3k $106.4m $106.4m 0.34% Added +34.9k +34,916
22 VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. 0.89% of their portfolio HOUSTON, TX 249,368249.4k $97.5m $97.5m 0.89% Reduced -116.2k -116,180
23 UBS Group AG 0.02% of their portfolio ZURICH, V8 246,889246.9k $96.5m $96.5m 0.02% Added +84.3k +84,307
24 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 236,043236.0k $92.3m $92.3m 0.01% Reduced -10.3k -10,277
25 Bank of New York Mellon Corp 0.02% of their portfolio NEW YORK, NY 225,909225.9k $88.3m $88.3m 0.02% Reduced -5.1k -5,076
26 WESTFIELD CAPITAL MANAGEMENT CO LP 0.37% of their portfolio BOSTON, MA 225,029225.0k $88.0m $88.0m 0.37% New
27 WESTWOOD HOLDINGS GROUP INC 0.57% of their portfolio DALLAS, TX 205,677205.7k $80.4m $80.4m 0.57% Reduced -96.7k -96,739
28 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.12% of their portfolio CAUSEWAY BAY, K3 196,437196.4k $76.8m $76.8m 0.12% Added +2.8k +2,782
29 Allspring Global Investments Holdings, LLC 0.11% of their portfolio CHARLOTTE, NC 179,358179.4k $70.7m $70.7m 0.11% Reduced -139.6k -139,554
30 AMERIPRISE FINANCIAL INC 0.02% of their portfolio MINNEAPOLIS, MN 172,814172.8k $67.5m $67.5m 0.02% Reduced -75.5k -75,491
31 AMERICAN CENTURY COMPANIES INC 0.03% of their portfolio KANSAS CITY, MO 159,986160.0k $62.5m $62.5m 0.03% Reduced -35.0k -34,993
32 Interval Partners, LP 1.31% of their portfolio NEW YORK, NY 156,079156.1k $61.0m $61.0m 1.31% Added +31 +31
33 Boston Trust Walden Corp 0.43% of their portfolio BOSTON, MA 149,200149.2k $58.3m $58.3m 0.43% Reduced -135 -135
34 DEUTSCHE BANK AG\ 0.02% of their portfolio FRANKFURT AM MAIN, 2M 146,811146.8k $57.4m $57.4m 0.02% Added +13.3k +13,282
35 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.15% of their portfolio Paris, I0 145,346145.3k $56.8m $56.8m 0.15% Added +109.7k +109,744
36 VICTORY CAPITAL MANAGEMENT INC 0.03% of their portfolio San Antonio, TX 137,751137.8k $53.8m $53.8m 0.03% Reduced -31.3k -31,251
37 DekaBank Deutsche Girozentrale 0.09% of their portfolio FRANKFURT, 2M 130,738130.7k $50.7m $50.7m 0.09% Unchanged
38 FULLER & THALER ASSET MANAGEMENT, INC. 0.17% of their portfolio SAN MATEO, CA 127,038127.0k $49.7m $49.7m 0.17% Reduced -60 -60
39 Fiera Capital Corp 0.16% of their portfolio MONTREAL, A8 126,077126.1k $49.3m $49.3m 0.16% Reduced -2.7k -2,749
40 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 123,800123.8k $48.4m $48.4m 0.00% Added +2.0k +1,998
41 Artemis Investment Management LLP 0.58% of their portfolio EDINBURGH, X0 118,402118.4k $46.3m $46.3m 0.58% New
42 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.01% of their portfolio Boston, MA 115,861115.9k $45.3m $45.3m 0.01% Reduced -22.0k -22,010
43 Findlay Park Partners LLP 0.46% of their portfolio LONDON, X0 111,837111.8k $43.7m $43.7m 0.46% Reduced -1.8k -1,800
44 MILLENNIUM MANAGEMENT LLC 0.03% of their portfolio NEW YORK, NY 108,993109.0k $42.6m $42.6m 0.03% Added +23.8k +23,833
45 JANUS HENDERSON GROUP PLC 0.02% of their portfolio LONDON, X0 108,429108.4k $42.4m $42.4m 0.02% Added +2.6k +2,576
46 GOLDMAN SACHS GROUP INC 0.01% of their portfolio NEW YORK, NY 107,223107.2k $41.9m $41.9m 0.01% Reduced -7.8k -7,841
47 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 101,015101.0k $39.5m $39.5m 0.00% Added +1.4k +1,383
48 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.06% of their portfolio Boston, MA 95,00095.0k $37.1m $37.1m 0.06% New
49 AEGON ASSET MANAGEMENT UK Plc 0.44% of their portfolio EDINBURGH, X0 93,87093.9k $36.7m $36.7m 0.44% Added +66.6k +66,601
50 NATIXIS ADVISORS, LLC 0.05% of their portfolio Boston, MA 91,67891.7k $35.8m $35.8m 0.05% Reduced -39.8k -39,797
51 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.09% of their portfolio LOS ANGELES, CA 91,67491.7k $35.8m $35.8m 0.09% Added +34.4k +34,402
52 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 91,57091.6k $35.8m $35.8m 0.01% Reduced -53.7k -53,708
53 Dixon Mitchell Investment Counsel Inc. 1.15% of their portfolio VANCOUVER, A1 82,81082.8k $32.4m $32.4m 1.15% Added +2.4k +2,381
54 NEUBERGER BERMAN GROUP LLC 0.02% of their portfolio NEW YORK, NY 77,79377.8k $30.4m $30.4m 0.02% Added +71.0k +71,048
55 Quantinno Capital Management LP 0.08% of their portfolio NEW YORK, NY 77,29877.3k $30.2m $30.2m 0.08% Added +26.7k +26,694
56 FIRST TRUST ADVISORS LP 0.02% of their portfolio Wheaton, IL 76,68576.7k $30.0m $30.0m 0.02% Added +8.8k +8,850
57 RHUMBLINE ADVISERS 0.02% of their portfolio BOSTON, MA 72,61772.6k $28.4m $28.4m 0.02% Reduced -2.1k -2,127
58 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 67,83167.8k $26.5m $26.5m 0.00% Reduced -55.8k -55,803
59 Robeco Institutional Asset Management B.V. 0.04% of their portfolio ROTTERDAM, P7 67,72467.7k $26.5m $26.5m 0.04% Added +1.8k +1,754
60 Schonfeld Strategic Advisors LLC 0.18% of their portfolio NEW YORK, NY 66,33366.3k $25.9m $25.9m 0.18% Added +22.7k +22,717
61 PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio DES MOINES, IA 66,06266.1k $25.8m $25.8m 0.01% Reduced -24.5k -24,462
62 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 64,85464.9k $25.3m $25.3m 0.01% Reduced -3.9k -3,854
63 Ranger Investment Management, L.P. 1.74% of their portfolio DALLAS, TX 64,03064.0k $25.0m $25.0m 1.74% Added +33.2k +33,198
64 KENNEDY CAPITAL MANAGEMENT LLC 0.54% of their portfolio ST LOUIS, MO 62,34462.3k $24.4m $24.4m 0.54% Reduced -7.6k -7,613
65 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 59,63759.6k $23.3m $23.3m 0.01% Added +2.1k +2,100
66 E. Ohman J:or Asset Management AB 0.55% of their portfolio STOCKHOLM, V7 59,44859.4k $23.2m $23.2m 0.55% Reduced -21.9k -21,936
67 BROWN ADVISORY INC 0.03% of their portfolio BALTIMORE, MD 57,34357.3k $22.4m $22.4m 0.03% Reduced -2.3k -2,291
68 Swiss National Bank 0.01% of their portfolio ZURICH, V8 55,42155.4k $21.7m $21.7m 0.01% Reduced -400 -400
69 CITADEL ADVISORS LLC 0.02% of their portfolio MIAMI, FL 55,24855.2k $21.6m $21.6m 0.02% New
70 NISSAY ASSET MANAGEMENT CORP /JAPAN 0.11% of their portfolio Tokyo, M0 53,15153.2k $20.8m $20.8m 0.11% Reduced -50.9k -50,876
71 OSTRUM ASSET MANAGEMENT 0.90% of their portfolio PARIS, I0 51,34051.3k $20.1m $20.1m 0.90% Reduced -20.2k -20,235
72 VOYA INVESTMENT MANAGEMENT LLC 0.02% of their portfolio ATLANTA, GA 48,52048.5k $19.0m $19.0m 0.02% Reduced -7.2k -7,154
73 SEI INVESTMENTS CO 0.02% of their portfolio OAKS, PA 48,17948.2k $18.8m $18.8m 0.02% Reduced -19.4k -19,372
74 Point72 Asset Management, L.P. 0.04% of their portfolio STAMFORD, CT 47,42547.4k $18.5m $18.5m 0.04% Reduced -51.5k -51,479
75 BARCLAYS PLC 0.01% of their portfolio LONDON, X0 47,15447.2k $18.4m $18.4m 0.01% Reduced -3.6k -3,599
76 AQR CAPITAL MANAGEMENT LLC 0.01% of their portfolio Greenwich, CT 46,81646.8k $18.3m $18.3m 0.01% Added +21.1k +21,116
77 Aberdeen Group plc 0.03% of their portfolio EDINBURGH, X0 46,80846.8k $18.4m $18.4m 0.03% Added +12.5k +12,509
78 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 45,98646.0k $18.0m $18.0m 0.02% Reduced -1.2k -1,166
79 WCM INVESTMENT MANAGEMENT, LLC 0.04% of their portfolio LAGUNA BEACH, CA 45,16545.2k $17.7m $17.7m 0.04% New
80 Driehaus Capital Management LLC 0.13% of their portfolio Chicago, IL 44,78244.8k $17.5m $17.5m 0.13% New
81 Legal & General Group Plc 0.00% of their portfolio London, X0 44,50544.5k $17.4m $17.4m 0.00% Reduced -2.4k -2,363
82 Distillate Capital Partners LLC 0.87% of their portfolio CHICAGO, IL 42,80342.8k $16.7m $16.7m 0.87% Reduced -558 -558
83 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.09% of their portfolio Cincinnati, OH 42,74142.7k $16.7m $16.7m 0.09% Reduced -4.3k -4,295
84 Rafferty Asset Management, LLC 0.05% of their portfolio New York, NY 42,71042.7k $16.7m $16.7m 0.05% Added +19.2k +19,152
85 Gotham Asset Management, LLC 0.07% of their portfolio NEW YORK, NY 42,19942.2k $16.5m $16.5m 0.07% Added +13.5k +13,524
86 Woodline Partners LP 0.08% of their portfolio San Francisco, CA 42,01042.0k $16.4m $16.4m 0.08% New
87 WHITTIER TRUST CO 0.19% of their portfolio SOUTH PASADENA, CA 41,26541.3k $16.5m $16.5m 0.19% Added +663 +663
88 Balyasny Asset Management L.P. 0.03% of their portfolio Chicago, IL 39,82539.8k $15.6m $15.6m 0.03% New
89 TD Asset Management Inc 0.01% of their portfolio Toronto, A6 39,20039.2k $15.3m $15.3m 0.01% Reduced -200 -200
90 Mitsubishi UFJ Trust & Banking Corp 0.03% of their portfolio TOKYO, M0 36,83636.8k $14.4m $14.4m 0.03% Added +8.7k +8,698
91 EULAV Asset Management 0.33% of their portfolio SARASOTA, FL 36,40036.4k $14.2m $14.2m 0.33% Added +12.0k +12,000
92 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 36,11036.1k $14.1m $14.1m 0.00% Reduced -1.7k -1,697
93 WELLINGTON MANAGEMENT GROUP LLP 0.00% of their portfolio Boston, MA 36,04636.0k $14.1m $14.1m 0.00% Reduced -52.4k -52,406
94 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 35,95436.0k $14.1m $14.1m 0.00% Reduced -1.3k -1,328
95 Hosking Partners LLP 0.51% of their portfolio LONDON, X0 35,89235.9k $14.0m $14.0m 0.51% Added +56 +56
96 CITIGROUP INC 0.01% of their portfolio NEW YORK, NY 34,99235.0k $13.7m $13.7m 0.01% Added +6.0k +5,991
97 Retirement Systems of Alabama 0.04% of their portfolio MONTGOMERY, AL 33,82733.8k $13.2m $13.2m 0.04% Reduced -905 -905
98 ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio Berwyn, PA 33,12733.1k $12.9m $12.9m 0.00% Reduced -1.9k -1,909
99 Russell Investments Group, Ltd. 0.01% of their portfolio Seattle, WA 32,25332.3k $12.6m $12.6m 0.01% Added +11.1k +11,081
100 JANE STREET GROUP, LLC 0.01% of their portfolio NEW YORK, NY 32,00132.0k $12.5m $12.5m 0.01% New