Vault-13

TOPBUILD CORP BLD

COM · Common Stock · CUSIP 89055F103 · ISIN US89055F1030

444 institutional holders -105 vs Q1 2026
26,949,63826.9m shares reported held*
$9.7bnreported value*
84 new 102 added 179 reduced 184 sold out net sold ≈ $1.6bn (-4.4m 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 ($11.9m this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $361.50. Options: 10 managers hold calls ($35.5m notional), 13 hold puts ($90.0m).

Trends to Q2 2026

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: 553Q4 25: 549Q1 26: 549Q2 26: 444444Q3 22Q3 23Q3 24Q3 25Q2 26
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
Q4 2025549
Q1 2026549
Q2 2026444

Buyers vs sellers

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

Bought or addedCut or sold out
4000400Q3 24: 221 bought or addedQ3 24: 295 cut or sold outQ4 24: 227 bought or addedQ4 24: 289 cut or sold outQ4 24Q1 25: 223 bought or addedQ1 25: 266 cut or sold outQ2 25: 232 bought or addedQ2 25: 241 cut or sold outQ2 25Q3 25: 282 bought or addedQ3 25: 218 cut or sold outQ4 25: 224 bought or addedQ4 25: 290 cut or sold outQ4 25Q1 26: 241 bought or addedQ1 26: 280 cut or sold outQ2 26: 186 bought or addedQ2 26: 363 cut or sold outQ2 26
Numbers
QuarterBought or addedCut or sold out
Q3 2024221295
Q4 2024227289
Q1 2025223266
Q2 2025232241
Q3 2025282218
Q4 2025224290
Q1 2026241280
Q2 2026186363

Calls vs puts

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

CallsPuts
$0$25m$50m$75m$100mQ3 25 calls: $15.2mQ3 25 puts: $47.3mQ3 25P/C 3.10Q4 25 calls: $10.3mQ4 25 puts: $45.6mQ4 25P/C 4.43Q1 26 calls: $12.8mQ1 26 puts: $16.3mQ1 26P/C 1.27Q2 26 calls: $35.5mQ2 26 puts: $90.0mQ2 26P/C 2.54
Numbers
QuarterCallsPutsP/C
Q3 2025$15.2m$47.3m3.10
Q4 2025$10.3m$45.6m4.43
Q1 2026$12.8m$16.3m1.27
Q2 2026$35.5m$90.0m2.54

Biggest buyers

HBK INVESTMENTS L P New +2,625,000+2.6m
ExodusPoint Capital Management, LP Added +948,329+948.3k
UBS Group AG Added +891,685+891.7k
BNP PARIBAS FINANCIAL MARKETS Added +590,416+590.4k
GLAZER CAPITAL, LLC New +492,249+492.2k
GOLDMAN SACHS GROUP INC Added +396,534+396.5k
TIG Advisors, LLC New +395,094+395.1k
TUDOR INVESTMENT CORP ET AL New +273,295+273.3k
JPMORGAN CHASE & CO Added +240,644+240.6k
ALLIANCEBERNSTEIN L.P. Added +234,472+234.5k

Biggest sellers

Capital Research Global Investors Reduced -2,533,174-2.5m
BlackRock, Inc. Reduced -2,354,545-2.4m
FMR LLC Reduced -1,728,850-1.7m
VICTORY CAPITAL MANAGEMENT INC Reduced -824,180-824.2k
Pictet Asset Management Holding SA Reduced -639,495-639.5k
T. Rowe Price Investment Management, Inc. Sold out -549,375-549.4k
Boston Partners Reduced -542,766-542.8k
STATE STREET CORP Reduced -337,869-337.9k
Invesco Ltd. Reduced -314,672-314.7k
NORDEA INVESTMENT MANAGEMENT AB Sold out -303,368-303.4k

Biggest calls

Caption Management, LLC New $11.9m33.7k shares
ExodusPoint Capital Management, LP New $10.0m28.2k shares
IMC-Chicago, LLC Added $4.0m11.2k shares
SUSQUEHANNA INTERNATIONAL GROUP, LLP Reduced $2.0m5.7k shares
CITADEL ADVISORS LLC Reduced $1.9m5.3k shares
EQUITEC PROPRIETARY MARKETS, LLC New $1.8m5.0k shares
JANE STREET GROUP, LLC Reduced $1.4m3.9k shares
Twin Tree Management, LP New $1.0m2.9k shares
SIMPLEX TRADING, LLC Added $780.0k2.2k shares
TORONTO DOMINION BANK New $744.5k2.1k shares

Biggest puts

SUSQUEHANNA INTERNATIONAL GROUP, LLP Added $42.5m119.9k shares
Caption Management, LLC New $17.7m50.0k shares
Westchester Capital Management, LLC New $12.6m29.6k shares
Twin Tree Management, LP Unchanged $3.8m10.7k shares
UBS Group AG New $3.5m9.8k shares
JANE STREET GROUP, LLC Added $2.3m6.6k shares
GLAZER CAPITAL, LLC New $1.8m192 shares
CITADEL ADVISORS LLC Reduced $1.6m4.6k shares
D. E. Shaw & Co., Inc. Unchanged $1.6m4.4k shares
EQUITEC PROPRIETARY MARKETS, LLC New $1.0m2.9k 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 2026

#ManagerLocationShares Value% of their portfolioChangeShares change
1 HBK INVESTMENTS L P 10.89% of their portfolio DALLAS, TX 2,625,0002.6m $930.6m $930.6m 10.89% New
2 Capital World Investors 0.07% of their portfolio LOS ANGELES, CA 1,584,0691.6m $561.6m $561.6m 0.07% Added +100.7k +100,682
3 Capital Research Global Investors 0.08% of their portfolio Los Angeles, CA 1,562,0111.6m $553.8m $553.8m 0.08% Reduced -2.5m -2,533,174
4 VANGUARD CAPITAL MANAGEMENT LLC 0.01% of their portfolio MALVERN, PA 1,268,7491.3m $449.8m $449.8m 0.01% Added +9.7k +9,703
5 VANGUARD PORTFOLIO MANAGEMENT LLC 0.02% of their portfolio MALVERN, PA 1,172,5791.2m $415.7m $415.7m 0.02% Added +15.7k +15,683
6 UBS Group AG 0.07% of their portfolio ZURICH, V8 1,155,0491.2m $409.5m $409.5m 0.07% Added +891.7k +891,685
7 ExodusPoint Capital Management, LP 3.17% of their portfolio NEW YORK, NY 965,007965.0k $342.1m $342.1m 3.17% Added +948.3k +948,329
8 STATE STREET CORP 0.01% of their portfolio BOSTON, MA 661,941661.9k $234.7m $234.7m 0.01% Reduced -337.9k -337,869
9 BNP PARIBAS FINANCIAL MARKETS 0.11% of their portfolio PARIS, I0 606,635606.6k $215.1m $215.1m 0.11% Added +590.4k +590,416
10 BlackRock, Inc. 0.00% of their portfolio New York, NY 566,817566.8k $201.0m $201.0m 0.00% Reduced -2.4m -2,354,545
11 MORGAN STANLEY 0.01% of their portfolio NEW YORK, NY 552,459552.5k $195.9m $195.9m 0.01% Reduced -16.4k -16,357
12 NORGES BANK 0.02% of their portfolio OSLO, Q8 546,026546.0k $193.6m $193.6m 0.02% Not comparable
13 GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio BOSTON, MA 539,478539.5k $229.5m $229.5m 0.01% Added +9.1k +9,051
14 DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio AUSTIN, TX 530,253530.3k $188.0m $188.0m 0.03% Added +29.9k +29,947
15 GOLDMAN SACHS GROUP INC 0.02% of their portfolio NEW YORK, NY 499,242499.2k $177.0m $177.0m 0.02% Added +396.5k +396,534
16 GLAZER CAPITAL, LLC 5.18% of their portfolio New York, NY 492,249492.2k $209.8m $209.8m 5.18% New
17 O'Connor Alternative Investments LLC 12.44% of their portfolio NEW YORK, NY 480,292480.3k $170.3m $170.3m 12.44% Not comparable
18 DZ BANK AG Deutsche Zentral Genossenschafts Bank, Frankfurt am Main 0.12% of their portfolio FRANKFURT AM MAIN, 2M 441,717441.7k $156.6m $156.6m 0.12% Reduced -17.2k -17,226
19 BANK OF AMERICA CORP /DE/ 0.01% of their portfolio CHARLOTTE, NC 419,180419.2k $148.6m $148.6m 0.01% Reduced -206.7k -206,727
20 Capital International Investors 0.03% of their portfolio Los Angeles, CA 405,711405.7k $143.8m $143.8m 0.03% Reduced -159.6k -159,614
21 TIG Advisors, LLC 7.74% of their portfolio New York, NY 395,094395.1k $168.4m $168.4m 7.74% New
22 JPMORGAN CHASE & CO 0.01% of their portfolio NEW YORK, NY 310,347310.3k $111.7m $111.7m 0.01% Added +240.6k +240,644
23 Boston Partners 0.09% of their portfolio BOSTON, MA 287,347287.3k $101.9m $101.9m 0.09% Reduced -542.8k -542,766
24 TUDOR INVESTMENT CORP ET AL 0.48% of their portfolio STAMFORD, CT 273,295273.3k $116.5m $116.5m 0.48% New
25 ALLIANCEBERNSTEIN L.P. 0.03% of their portfolio NASHVILLE, TN 269,196269.2k $94.6m $94.6m 0.03% Added +234.5k +234,472
26 NORTHERN TRUST CORP 0.01% of their portfolio CHICAGO, IL 269,109269.1k $95.4m $95.4m 0.01% Added +2.2k +2,228
27 ROYAL LONDON ASSET MANAGEMENT LTD 0.17% of their portfolio UNITED KINGDOM, X0 254,264254.3k $90.1m $90.1m 0.17% Reduced -242.5k -242,510
28 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio SAN FRANCISCO, CA 250,058250.1k $88.7m $88.7m 0.01% Added +15.5k +15,490
29 Weiss Asset Management LP 0.89% of their portfolio BOSTON, MA 225,000225.0k $79.8m $79.8m 0.89% Not comparable
30 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.09% of their portfolio CAUSEWAY BAY, K3 224,670224.7k $79.7m $79.7m 0.09% Added +18.3k +18,264
31 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.07% of their portfolio BALA CYNWYD, PA 219,179219.2k $77.7m $77.7m 0.07% Added +208.3k +208,263
32 Qube Research & Technologies Ltd 0.09% of their portfolio LONDON, X0 215,964216.0k $76.6m $76.6m 0.09% Added +188.5k +188,489
33 Liontrust Investment Partners LLP 1.07% of their portfolio LONDON, X0 205,906205.9k $73.0m $73.0m 1.07% Added +16.1k +16,113
34 MILLENNIUM MANAGEMENT LLC 0.05% of their portfolio NEW YORK, NY 198,979199.0k $70.5m $70.5m 0.05% Added +193.1k +193,054
35 BARCLAYS PLC 0.02% of their portfolio LONDON, X0 190,043190.0k $67.4m $67.4m 0.02% Added +138.4k +138,418
36 NEXPOINT ASSET MANAGEMENT, L.P. 4.40% of their portfolio Dallas, TX 185,680185.7k $65.8m $65.8m 4.40% New
37 VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio MALVERN, PA 178,072178.1k $63.1m $63.1m 0.01% Added +4.1k +4,126
38 FMR LLC 0.00% of their portfolio BOSTON, MA 170,568170.6k $60.5m $60.5m 0.00% Reduced -1.7m -1,728,850
39 Polar Asset Management Partners Inc. 1.31% of their portfolio TORONTO, A6 167,585167.6k $71.4m $71.4m 1.31% New
40 MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.02% of their portfolio Boston, MA 155,764155.8k $55.2m $55.2m 0.02% Reduced -36.1k -36,141
41 CITIGROUP INC 0.02% of their portfolio NEW YORK, NY 138,243138.2k $49.0m $49.0m 0.02% Added +104.6k +104,559
42 CAXTON ASSOCIATES LLP 0.92% of their portfolio LONDON, X0 137,737137.7k $48.8m $48.8m 0.92% Added +134.3k +134,274
43 DekaBank Deutsche Girozentrale 0.08% of their portfolio FRANKFURT, 2M 130,738130.7k $44.7m $44.7m 0.08% Unchanged
44 Life Cycle Investment Partners Ltd 0.21% of their portfolio LONDON, X0 126,758126.8k $44.9m $44.9m 0.21% Reduced -16.4k -16,376
45 Squarepoint Ops LLC 0.08% of their portfolio NEW YORK, NY 117,979118.0k $41.8m $41.8m 0.08% New
46 BNP PARIBAS ASSET MANAGEMENT Holding S.A. 0.04% of their portfolio Paris, I0 117,269117.3k $41.6m $41.6m 0.04% Reduced -114.4k -114,367
47 Boston Trust Walden Corp 0.31% of their portfolio BOSTON, MA 114,907114.9k $40.7m $40.7m 0.31% Reduced -50 -50
48 Border to Coast Pensions Partnership Ltd 0.60% of their portfolio LEEDS, X0 114,286114.3k $40.5m $40.5m 0.60% Added +39.6k +39,563
49 First Trust Capital Management L.P. 2.73% of their portfolio CHICAGO, IL 110,000110.0k $46.9m $46.9m 2.73% New
50 MARSHALL WACE, LLP 0.03% of their portfolio LONDON, X0 108,231108.2k $38.4m $38.4m 0.03% Added +107.4k +107,366
51 Vontobel Holding Ltd. 0.12% of their portfolio ZURICH, V8 104,902104.9k $37.2m $37.2m 0.12% Added +97.9k +97,941
52 VICTORY CAPITAL MANAGEMENT INC 0.02% of their portfolio San Antonio, TX 91,52291.5k $32.4m $32.4m 0.02% Reduced -824.2k -824,180
53 ALPINE ASSOCIATES MANAGEMENT INC. 2.44% of their portfolio PALM BEACH, FL 91,30891.3k $38.9m $38.9m 2.44% New
54 Quantinno Capital Management LP 0.04% of their portfolio NEW YORK, NY 87,87987.9k $31.2m $31.2m 0.04% Added +18.3k +18,344
55 AQR Arbitrage LLC 0.43% of their portfolio Greenwich, CT 85,27885.3k $30.2m $30.2m 0.43% New
56 Fiera Capital Corp 0.11% of their portfolio MONTREAL, A8 84,45284.5k $29.9m $29.9m 0.11% Reduced -62.9k -62,914
57 Trexquant Investment LP 0.18% of their portfolio STAMFORD, CT 81,23481.2k $28.8m $28.8m 0.18% New
58 UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.01% of their portfolio NEW YORK, NY 80,67280.7k $28.6m $28.6m 0.01% Reduced -8.6k -8,598
59 Capula Management Ltd 0.12% of their portfolio Grand Cayman, E9 80,00080.0k $28.4m $28.4m 0.12% Not comparable
60 TORONTO DOMINION BANK 0.04% of their portfolio TORONTO, ONTARIO, A6 74,20274.2k $26.3m $26.3m 0.04% Added +73.5k +73,532
61 Nuveen, LLC 0.01% of their portfolio CHARLOTTE, NC 74,19574.2k $26.3m $26.3m 0.01% Added +3.4k +3,410
62 Jupiter Topco LLC 0.01% of their portfolio NEW YORK, NY 72,71372.7k $25.8m $25.8m 0.01% First filing
63 Taconic Capital Advisors LP 18.55% of their portfolio NEW YORK, NY 72,22272.2k $30.8m $30.8m 18.55% New
64 Woodline Partners LP 0.07% of their portfolio San Francisco, CA 68,00068.0k $24.1m $24.1m 0.07% Added +10.6k +10,558
65 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 65,42865.4k $23.2m $23.2m 0.00% Reduced -314.7k -314,672
66 BANK OF NOVA SCOTIA 0.03% of their portfolio TORONTO, A6 63,91463.9k $22.7m $22.7m 0.03% Added +63.3k +63,298
67 Point72 Asset Management, L.P. 0.03% of their portfolio STAMFORD, CT 63,23063.2k $22.4m $22.4m 0.03% Added +59.5k +59,537
68 FORT WASHINGTON INVESTMENT ADVISORS INC /OH/ 0.10% of their portfolio Cincinnati, OH 58,49258.5k $20.7m $20.7m 0.10% Reduced -5.1k -5,103
69 Swiss National Bank 0.01% of their portfolio ZURICH, V8 56,50156.5k $20.0m $20.0m 0.01% Added +1.0k +1,000
70 California Public Employees Retirement System 0.01% of their portfolio Sacramento, CA 54,89854.9k $19.5m $19.5m 0.01% Reduced -3.8k -3,830
71 Verition Fund Management LLC 0.16% of their portfolio GREENWICH, CT 53,54853.5k $22.8m $22.8m 0.16% New
72 Rafferty Asset Management, LLC 0.04% of their portfolio New York, NY 53,03453.0k $18.8m $18.8m 0.04% Added +13.0k +12,953
73 Hudson Bay Capital Management LP 0.10% of their portfolio STAMFORD, CT 52,53152.5k $22.0m $22.0m 0.10% New
74 E. Ohman J:or Asset Management AB 0.42% of their portfolio STOCKHOLM, V7 51,38251.4k $18.2m $18.2m 0.42% Added +2.5k +2,484
75 WATER ISLAND CAPITAL LLC 2.31% of their portfolio NEW YORK, NY 51,25151.3k $21.8m $21.8m 2.31% New
76 Brevan Howard Capital Management LP 0.25% of their portfolio ST. HELIER, Y9 50,13950.1k $17.8m $17.8m 0.25% Added +45.9k +45,926
77 SOROS FUND MANAGEMENT LLC 0.28% of their portfolio NEW YORK, NY 50,00050.0k $21.3m $21.3m 0.28% New
78 PICTON MAHONEY ASSET MANAGEMENT 0.15% of their portfolio Toronto, A6 45,81045.8k $16.2m $16.2m 0.15% New
79 RHUMBLINE ADVISERS 0.01% of their portfolio BOSTON, MA 44,08844.1k $15.6m $15.6m 0.01% Reduced -26.9k -26,941
80 HARVEST MANAGEMENT LLC 8.26% of their portfolio New York, NY 43,69243.7k $18.6m $18.6m 8.26% New
81 NEW YORK STATE COMMON RETIREMENT FUND 0.02% of their portfolio ALBANY, NY 41,73041.7k $14.8m $14.8m 0.02% Added +56 +56
82 Distillate Capital Partners LLC 0.75% of their portfolio CHICAGO, IL 40,55240.6k $14.4m $14.4m 0.75% Reduced -1.1k -1,117
83 XTX Topco Ltd 0.19% of their portfolio LONDON, X0 40,33240.3k $14.3m $14.3m 0.19% Added +25.3k +25,285
84 Twin Securities, Inc. 7.23% of their portfolio New York, NY 39,94839.9k $14.2m $14.2m 7.23% New
85 Pictet Asset Management Holding SA 0.01% of their portfolio CAROUGE, V8 38,39438.4k $13.6m $13.6m 0.01% Reduced -639.5k -639,495
86 Legal & General Group Plc 0.00% of their portfolio London, X0 38,14738.1k $13.5m $13.5m 0.00% Reduced -58 -58
87 EULAV Asset Management 0.43% of their portfolio SARASOTA, FL 37,80037.8k $13.4m $13.4m 0.43% Unchanged
88 KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.05% of their portfolio LOS ANGELES, CA 37,65637.7k $16.1m $16.1m 0.05% Reduced -21.4k -21,413
89 Quarry LP 2.52% of their portfolio NEW YORK, NY 37,51437.5k $16.0m $16.0m 2.52% New
90 Westchester Capital Management, LLC 0.80% of their portfolio VALHALLA, NY 37,39937.4k $15.9m $15.9m 0.80% New
91 Birnam Oak Advisors, LP 2.15% of their portfolio New York, NY 37,13637.1k $13.2m $13.2m 2.15% New
92 Yakira Capital Management, Inc. 4.63% of their portfolio Westport, CT 36,90836.9k $15.7m $15.7m 4.63% New
93 BLUEFIN CAPITAL MANAGEMENT, LLC 3.68% of their portfolio NEW YORK, NY 36,05436.1k $12.8m $12.8m 3.68% New
94 Hosking Partners LLP 0.41% of their portfolio LONDON, X0 35,18035.2k $12.5m $12.5m 0.41% Reduced -604 -604
95 BOOTHBAY FUND MANAGEMENT, LLC 0.23% of their portfolio NEW YORK, NY 34,56634.6k $12.3m $12.3m 0.23% Added +33.6k +33,583
96 BROWN ADVISORY INC 0.02% of their portfolio BALTIMORE, MD 33,41233.4k $11.8m $11.8m 0.02% Reduced -12.2k -12,190
97 ADAGE CAPITAL PARTNERS GP, L.L.C. 0.02% of their portfolio Boston, MA 33,00033.0k $11.7m $11.7m 0.02% Reduced -92.0k -92,000
98 CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.01% of their portfolio WEST SACRAMENTO, CA 32,65932.7k $11.6m $11.6m 0.01% Reduced -316 -316
99 Schonfeld Strategic Advisors LLC 0.06% of their portfolio NEW YORK, NY 32,24232.2k $11.4m $11.4m 0.06% Reduced -120.5k -120,548
100 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 29,76029.8k $10.6m $10.6m 0.00% Reduced -82.7k -82,668