The billionaire investor has unveiled his "master plan" to diversify this master planned community developer into an insurance and investment holding company.
HHH Howard Hughes Holdings Inc.
XNYS
69.49
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
HHH
$69.49
—
Key stats
$69.49
After hours
$69.49
+0.00%
- 52-Week Range
- $60.09 – $91.07
- YTD
- -11.83%
- IV Rank (30D)
- 92.73
- Straddle Price
- $6.30
- P/C Vol Ratio
- 0.62
- Market Cap
- $4.1B
- Open
- $68.54
- Day Range
- $68.54 – $70.15
- Volume
- 370,713
- Prev Close
- $68.68
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 5.15% |
| Beta vs SPY | 0.78 |
| Cost of Equity (CAPM) | 9.06% (VRP-adj) |
| WACC | 9.07% |
| Volatility Risk Premium | +13.2pp (IV − HV30) |
| Effective Tax Rate | 23.1% |
| Rev. Growth (YoY, DCF input) | -9.6% |
| DCF Horizon | 10 years explicit + fade |
| Free Cash Flow (TTM) | $0.6B |
| Return on Equity (TTM) | 7.4% |
| Book / Price | 97.6% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 62.3% |
| FCF Margin (TTM) | 40.5% |
| Debt / Equity | 0.00 |
| Quality Score | 3/6 — normal (10y DCF) |
| SMA 50 | $67.06 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $70.86 |
| Bollinger Width / SMA20 | 21.0% (drives anchor stability) |
| Net Debt | $-1.8B |
| Market Cap | $4B |
Peers used for multiples: DLR, O, PLD, WELL
(filtered from 8 ETF-co-members; sector bias active)
60-Day Conviction
18%
20-Day Fair Value
≈ by Nov 20, 2026
$70.44
α +1.4%
rank 95%
conviction
74%
40-Day Fair Value
≈ by Dec 21, 2026
$70.77
α +1.8%
rank 95%
conviction
58%
60-Day Fair Value
≈ by Jan 19, 2027
$69.18
α -0.4%
rank 95%
conviction
18%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $113.39 | 27% | |
| DDM (Gordon) | n/a | 0% | |
| Peer P/E | $127.83 | 8% | median 63.9× · 4 peers |
| Peer EV/EBITDA | $276.23 | 8% | median 26.8× · 4 peers |
| Peer P/B | $154.90 | 8% | median 2.3× · 4 peers |
| Peer P/S | $299.99 | 8% | median 11.4× · 4 peers |
| Market Anchor (SMA50) | $67.06 | 24% | stability 45% (BB-width) |
| Options Expected (B-L 30d) | $70.46 | 16% | 12 strikes · skew +0.35 |
As of 2026-10-22 · updated
Related
About
- Industry (SIC)
- REAL ESTATE INVESTMENT TRUSTS (6798) · industry map
- Exchange
- XNYS
- Market Cap
- $4.1B
- Employees
- 500
- List Date
- 2010-11-05
- CIK
- 0001981792
- Next Earnings
- 2026-11-05 (After-Close)
- EPS Forecast
- $1.02 (2 est.)
- Headquarters
- The Woodlands, TX
- Homepage
- https://www.howardhughes.com
Howard Hughes Holdings Inc, through its subsidiary, operates a large-scale, mixed-use real estate platform focused on the development of master planned communities (MPCs), the investment in strategic real estate development opportunities, and the ownership and operation of income-producing properties. The group operates through three reportable business segments: Operating Assets, MPCs, and Strategic Developments. Maximum revenue is generated from the MPC segment, which consists of the development and sale of land in large-scale, long-term community development projects in and around Las Vegas…
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
| Month | '21 | '22 | '23 | '24 | '25 | '26 | Avg |
|---|---|---|---|---|---|---|---|
| Jan | -- | -14.97% | -- | -5.47% | 0.74% | 3.62% | -4.02% |
| Feb | -- | -8.91% | -- | -5.43% | 5.18% | -9.13% | -4.57% |
| Mar | -- | -5.09% | -- | -5.20% | -4.39% | -12.91% | -6.90% |
| Apr | -- | -11.03% | -- | -8.25% | -9.95% | -1.24% | -7.62% |
| May | -- | -3.80% | -- | 1.11% | 2.66% | 1.65% | 0.41% |
| Jun | -- | -12.37% | -- | -3.25% | 0.19% | 13.67% | -0.44% |
| Jul | -- | -0.55% | -- | 16.42% | 0.73% | -11.96% | 1.16% |
| Aug | -- | -- | 0.61% | 9.99% | 12.76% | -1.60% | 5.44% |
| Sep | -- | -- | -7.48% | 4.69% | 9.85% | 16.65% | 5.93% |
| Oct | -0.59% | -- | -7.76% | -1.67% | -7.07% | -3.57%* | -4.13% |
| Nov | -12.55% | -- | 8.04% | 14.89% | 14.20% | -- | 6.14% |
| Dec | 0.54% | -- | 13.88% | -10.20% | -11.22% | -- | -1.75% |
| Total | -12.60% | -45.17% | 5.64% | 3.45% | 10.31% | -8.81% | -7.86% |
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $71.11
SMA 50: $67.12
SMA 200: $68.93
Current: $69.55
EMA 12: $69.60
EMA 26: $69.10
MACD: 0.5012 | Signal: -0.5360
BULLISH
ADX (14): 21.12
WEAK TREND
+DI: 20.44
−DI: 22.99
Momentum Oscillators
RSI (14): 51.31
NEUTRAL
Stoch %K: 36.04
Stoch %D: 26.20
Williams %R: -58.67
Volume & Volatility
BB Upper: $75.59
BB Lower: $66.63
NEUTRAL
OBV: -9,126,942
Vol SMA 20: 739,979
Vol ROC: -44.77%
ATR: $2.37
True Range: $1.61
HV 20: 50.1%
HV 30: 50.1%
HV 60: 39.9%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-10-23T00:00:00 – 2026-10-21T00:00:00
AI Analysis
LLM Stock Analysis Report: HHH
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers:
- Bullish momentum signals from MACD
- Moderate volatility, with beta close to market average
- Positive recent news sentiment
Primary Risks:
- Potential for mean reversion if overbought RSI condition persists
- Uncertainty surrounding upcoming earnings release
Investment Thesis: HHH's technical indicators suggest a moderate bullish bias, supported by positive recent news headlines. However, the stock's volatility is relatively high compared to its market beta, indicating potential for increased risk.
Recent News Sentiment Impact: The latest news headlines have been predominantly positive, with a focus on strategic acquisitions and board appointments. This sentiment has contributed to the stock's moderate bullish bias.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bullish
- Medium-term (1-3 months): Neutral
- Long-term (3-12 months): Bearish
Support/Resistance Levels:
- Upper Bollinger Band: $67.32
- Middle Bollinger Band: $64.46
- Lower Bollinger Band: $61.60
Momentum Signals:
- RSI interpretation: Neutral (60.17)
- MACD signal: Bullish (0.65 / Signal: 0.38 / Histogram: 0.27)
- Bollinger Bands position: Neutral
Volume Analysis:
- Volume SMA 20: 435629.60
- On-Balance Volume (OBV): -7905255.54
- Volume Rate of Change: -38.33%
News & Sentiment Analysis
Recent Headlines Summary: The past 10 news articles have been predominantly positive, highlighting strategic acquisitions and board appointments.
Sentiment Assessment: Aggregate sentiment is POSITIVE (6/10)
Catalyst Identification: No imminent catalysts, but upcoming earnings release may impact stock price.
Market Narrative: The recent news headlines align with the technical indicators' bullish bias, supporting a moderate bullish momentum signal from MACD.
Risk & Volatility Assessment
Beta Interpretation: Beta is relatively low at 0.95, indicating moderate volatility compared to market average.
Volatility Regime: Current volatility is moderate, with HV20 and HV30 both around 26%.
Options Market Signals: IV rank is medium (57.7%), indicating historically high implied volatility.
Downside Protection: Support levels are at $61.60 (lower Bollinger Band), which could provide a potential floor for the stock price.
Market Context & Positioning
Sector Performance: HHH's sector is performing moderately well, with a slight edge over market average.
Institutional Activity: Volume patterns suggest institutional interest, but it's not exceptionally high.
Correlation Analysis: The stock has a moderate correlation (0.39) with the broader market, indicating some independence from the market's movements.
Relative Valuation: HHH is positioned relatively strongly within its trading range, with room for further upside if technical indicators continue to support the bullish bias.
Key Levels & Action Items
Critical Price Levels:
- Resistance: $67.32 (upper Bollinger Band)
- Support: $61.60 (lower Bollinger Band)
Breakout/Breakdown Levels: No immediate breakout or breakdown levels detected, but a move above the upper Bollinger Band could indicate a strong uptrend.
Time-Sensitive Catalysts: Upcoming earnings release may impact stock price.
Risk Management: Stop-loss levels should be set around $61.60 (lower Bollinger Band), with position sizing considerations based on the stock's moderate volatility and beta.
Please note that this analysis is based solely on the provided data and does not constitute investment advice.
Generated
News
All HHH news →
Ackman is transforming Howard Hughes from a real estate business into an investment-led insurance business.
Ackman says Howard Hughes could unlock $3 billion.
Pershing Square founder and CEO Bill Ackman discusses his plans for Howard Hughes, the state of the IPO market and his views on AI and Anthropic. Speaking with Dani Burger on "Bloomberg Deals," Ackman also comments on his daughter's illness, which inspired him to invest in a new…
Showing 1–10 of 11
Page 1 of 2
Earnings History
11 of 12 under expected move
Avg Expected Move
5.84%
Avg Actual Move
3.23%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2023-11-06 | After-Close | 6.74% | 0.78% | 0.12x | Within |
| 2024-02-27 | After-Close | 4.83% | 0.24% | 0.05x | Within |
| 2024-05-08 | After-Close | 4.80% | 0.72% | 0.15x | Within |
| 2024-07-26 | Pre-Market | 8.37% | 5.52% | 0.66x | Within |
| 2024-11-04 | After-Close | 8.20% | 6.61% | 0.81x | Within |
| 2025-02-26 | After-Close | 7.19% | 4.48% | 0.62x | Within |
| 2025-05-07 | After-Close | 6.22% | 1.78% | 0.29x | Within |
| 2025-08-06 | After-Close | 4.56% | 1.69% | 0.37x | Within |
| 2025-11-10 | After-Close | 3.90% | 0.04% | 0.01x | Within |
| 2026-02-19 | After-Close | 5.05% | 9.71% | 1.92x | Exceeded |
| 2026-05-07 | After-Close | 4.49% | 3.54% | 0.79x | Within |
| 2026-08-05 | After-Close | 5.71% | 3.59% | 0.63x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
HHH Options Activity & IV Rank
HHH IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 39.9%
7-DTE IV: —
Expected Move: $6.30
7-DTE Move: $6.30
Days to Exp: 29 (2026-11-20)
Options Flow
Call Volume: 58
Put Volume: 36
P/C Volume: 0.621
BULLISH
Call OI: 2,458
Put OI: 5,599
P/C OI: 2.278
Total OI: 8,057
ATM Options Pricing
ATM Call: $3.10
ATM Put: $3.20
Call %: 4.5%
Put %: 4.6%
Chain Summary
Chain Volume: 857
Chain OI: 18,890
Last Updated: 10/22/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 30th percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
30%
vs own history
GEX tilt
+0.20
OI-weighted, today
Vanna tilt
+0.81
δ-sensitivity to IV
Charm tilt
-0.83
δ-decay vs time
Vanna tilt +0.81: the estimated dealer exposure leans positive, so the modeled hedge would shift noticeably if implied volatility changed.
Charm tilt -0.83: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably as time passes and options approach expiry.
? What is this?
· 23 ATM contracts, 9k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
No data
30 DTE / 10d
—
—
pts
EXTREME
ATM 39.9% / Wing —
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)92.7HighOct 22
Straddle Price (30 DTE)$6.30Oct 22
Beta Analysis
Risk Metrics
Beta: 0.7643
Alpha: -20.65%
Correlation: 0.2905
R-Squared: 8.4%
Stock Volatility: 33.5%
Market Volatility: 12.7%
Analysis Details
Benchmark: SPY
Data Points: 251
Period: 252 trading days
Data Points: 251
Period: 252 trading days
Interpretation:
Low volatility - stock moves less than market
Low volatility - stock moves less than market
Beta & Alpha Over Time
Notable investors who own HHH
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Pershing Square Activist Bill Ackman | $3.18B | #7 of 17 | +67.7% | 13F + Form 4 · 10% owner | |
| Citadel Hedge fund Ken Griffin | $23.9M | #1039 of 6285 | new | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $1.6M | #2086 of 3138 | -77.5% | 13F | |
| Millennium Management Hedge fund Izzy Englander | $758K | #3021 of 3716 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $188K | #2630 of 4729 | -7.6% | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
HHH Institutional Ownership (13F)
Latest filings — 2026-09-30
? 13F Guide
Diluted shares outstanding: 57,413,000 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
9 filers$35.81M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $11.30M | 31.56% | 2026-06-30 |
| 2 | GROUP ONE TRADING LLC Custodian | $6.89M | 19.25% | 2026-06-30 |
| 3 | Citadel Advisors LLC Custodian | $6.02M | 16.81% | 2026-06-30 |
| 4 | Tidal Investments LLC | $4.38M | 12.22% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $3.26M | 9.10% | 2026-06-30 |
| 6 | Wolverine Trading, LLC Custodian | $2.61M | 7.28% | 2025-09-30 |
| 7 | D. E. Shaw & Co., Inc. Custodian | $915.07K | 2.56% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $436.09K | 1.22% | 2026-06-30 |
| 9 | Global Retirement Partners, LLC | $1.42K | <0.01% | 2026-06-30 |
10 filers$53.51M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Wells Fargo & Company Custodian | $22.40M | 41.87% | 2026-06-30 |
| 2 | Wolverine Trading, LLC Custodian | $17.52M | 32.75% | 2025-09-30 |
| 3 | Citadel Advisors LLC Custodian | $3.65M | 6.83% | 2026-06-30 |
| 4 | Susquehanna International Group, LLP Custodian | $3.64M | 6.80% | 2026-06-30 |
| 5 | Jane Street Group, LLC Custodian | $1.89M | 3.53% | 2026-06-30 |
| 6 | PEAK6 LLC | $1.84M | 3.43% | 2026-06-30 |
| 7 | GROUP ONE TRADING LLC Custodian | $1.02M | 1.91% | 2026-06-30 |
| 8 | Simplex Trading, LLC Custodian | $693.45K | 1.30% | 2026-06-30 |
| 9 | D. E. Shaw & Co., Inc. Custodian | $650.56K | 1.22% | 2026-06-30 |
| 10 | TUDOR INVESTMENT CORP ET AL | $200.17K | 0.37% | 2026-06-30 |
HHH Insider Trading (Form 4)
Latest: 2026-09-24Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-09-24 | Marc Grandisson | Executive Chairman, Vantage | Buy (P) | +25,000 | $64.12 | $1.60M | EDGAR |
| 2026-09-24 | Andrew D. Davis | Chief Operating Officer, HHC | Buy (P) | +1,000 | $64.49 | $64.5K | EDGAR |
| 2026-08-13 | Mary Ann Tighe | Director | Sell (S) | −13,495 | $67.25 | -$907.6K | EDGAR |
| 2026-07-17 | Marc Grandisson | Executive Chairman, Vantage | Award (A) | +68,653 | — | EDGAR | |
| 2026-06-24 | David Eun | Director | Award (A) | +3,290 | — | EDGAR | |
| 2026-06-24 | R Scot Sellers | Director | Award (A) | +4,038 | — | EDGAR | |
| 2026-06-24 | Susan Panuccio | Director | Award (A) | +3,290 | — | EDGAR | |
| 2026-06-24 | Thomas Cecil Lachman | Director | Award (A) | +3,290 | — | EDGAR | |
| 2026-06-24 | Jean-Baptiste Robert Bernard Wautier | Director | Award (A) | +2,169 | — | EDGAR | |
| 2026-06-24 | Marc Grandisson | Director | Award (A) | +3,290 | — | EDGAR | |
| 2026-06-24 | Mary Ann Tighe | Director | Award (A) | +3,290 | — | EDGAR | |
| 2026-06-24 | Anthony Williams | Director | Award (A) | +2,169 | — | EDGAR | |
| 2026-06-08 | Pershing Square HHH Holdings, LLC | Director | Award (A) | +840,000 | $7142.86 | $6.00B | EDGAR |
| 2026-05-18 | James Carman | President, Houston Region | Sell (S) | −1,500 | $64.20 | -$96.3K | EDGAR |
| 2026-04-23 | PERSHING SQUARE HOLDCO, L.P. | Director | Other (J) | — | $65.86 | -$0 | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
HHH Insider Holdings
24 insiders · @ $69.55
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | Pershing Square HHH Holdings, LLC | Director | 18,511,031 | $1.29B | $0 | 1 | 2026-06-08 |
| 2 | PERSHING SQUARE HOLDCO, L.P. | Director | 18,511,031 | $1.29B | $0 | 2 | 2026-04-23 |
| 3 | David R. O'Reilly | Director and CEO | 208,081 | $14.47M | $0 | 11 | 2026-02-09 |
| 4 | Marc Grandisson | Executive Chairman, Vantage | 96,943 | $6.74M | $1.60M | 3 | 2026-09-24 |
| 5 | R Scot Sellers | Director | 71,555 | $4.98M | $389.7K | 4 | 2026-06-24 |
| 6 | L Jay Cross | President | 70,440 | $4.90M | $0 | 5 | 2025-02-07 |
| 7 | Carlos A. Olea | Chief Financial Officer | 66,842 | $4.65M | $0 | 8 | 2026-02-09 |
| 8 | Steven H Shepsman | Director | 38,478 | $2.68M | $0 | 2 | 2025-06-25 |
| 9 | Mary Ann Tighe | Director | 37,371 | $2.60M | -$1.44M | 5 | 2026-08-13 |
| 10 | Andrew D. Davis | Chief Operating Officer, HHC | 32,530 | $2.26M | -$40.0K | 5 | 2026-09-24 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
HHH Board & Officers
As of SEC filings through Sep 24, 2026Directors 17
- Pershing Square Capital Management, L.P. (entity) · on file since Aug 2023
- William A Ackman · on file since Aug 2023
- Anthony Williams · on file since Jan 2024
- Ben Hakim · since May 23, 2024
- David Eun · on file since Jun 2024
- Mary Ann Tighe · on file since Jun 2024
- R Scot Sellers · on file since Jun 2024
- Pershing Square Holdco GP, LLC (entity) · since Jul 16, 2024
- Pershing Square Inc. (entity) · since Jul 16, 2024
- Pershing Square Management, LLC (entity) · since Jul 16, 2024
- Jean-Baptiste Robert Bernard Wautier · since May 5, 2025
- Ryan Israel · since May 5, 2025
- Susan Panuccio · since Sep 30, 2025
- Thomas Cecil Lachman · since Sep 30, 2025
- Pershing Square HHH Holdings, LLC (entity) · since Apr 27, 2026
- Pershing Square Partner Group LLC (entity) · since Apr 27, 2026
- Marc Grandisson · since May 7, 2026
Officers 14
- David R. O'Reilly · Director and CEO · on file since Dec 2023
- Gregory Hendrick · CEO, Vantage · since Jun 4, 2026
- James Carman · President, Houston Region · on file since Jan 2024
- Charles James Freericks Jr. · President, Arizona · since Aug 12, 2024
- Jose Miguel Bustamante · President, Nevada · since Dec 2, 2024
- Kristi Smith · Regional President, Columbia · listed since Feb 2025
- Douglas Johnstone · Regional President, Hawaii Region & National Condominium Development · listed since Jan 2026
- Carlos A. Olea · Chief Financial Officer · on file since Jan 2024
- Andrew D. Davis · Chief Operating Officer, HHC · listed since Mar 2026
- Elena Verbinskaya · Chief Accounting Officer · since Oct 3, 2023
- Ryan Israel · Chief Investment Officer · since May 5, 2025
- Joseph Valane · General Counsel & Secretary · since Mar 18, 2024
- Ralph Ireland · since Mar 5, 2026
- Marc Grandisson · Executive Chairman, Vantage · listed since Jul 2026
10% owners 7
- Pershing Square Capital Management, L.P. (entity) · on file since Aug 2023
- Pershing Square HHH Holdings, LLC (entity) · since Apr 27, 2026
- Pershing Square Holdco GP, LLC (entity) · since Jul 16, 2024
- Pershing Square Inc. (entity) · since Jul 16, 2024
- Pershing Square Management, LLC (entity) · since Jul 16, 2024
- Pershing Square Partner Group LLC (entity) · since Apr 27, 2026
- William A Ackman · on file since Aug 2023
Changes in the last 10 years (62)
| Jul 17, 2026 | Marc Grandisson first listed as Executive Chairman, Vantage in an SEC filing |
| Jun 4, 2026 | Gregory Hendrick became CEO, Vantage |
| May 7, 2026 | Marc Grandisson became a director |
| Apr 27, 2026 | Pershing Square Partner Group LLC became a director |
| Apr 27, 2026 | Pershing Square Partner Group LLC became a 10% owner |
| Apr 27, 2026 | Pershing Square HHH Holdings, LLC became a director |
| Apr 27, 2026 | Pershing Square HHH Holdings, LLC became a 10% owner |
| Mar 26, 2026 | Andrew D. Davis listed as Chief Operating Officer, HHC (previously EVP, Head of Investments and Operations) in SEC filings |
| Mar 5, 2026 | Ralph Ireland became an officer |
| Feb 5, 2026 | David R. O'Reilly no longer listed as a director in SEC filings |
| Jan 5, 2026 | Douglas Johnstone listed as Regional President, Hawaii Region & National Condominium Development (previously Regional President, Hawaii) in SEC filings |
| Sep 30, 2025 | Thomas Cecil Lachman became a director |
| Sep 30, 2025 | Susan Panuccio became a director |
| Jun 27, 2025 | The company announced the departure of Steven H Shepsman from the board in an SEC filing |
| Jun 27, 2025 | The company announced the departure of Beth J Kaplan from the board in an SEC filing |
| May 5, 2025 | Ryan Israel became a director |
| May 5, 2025 | Ryan Israel became Chief Investment Officer |
| May 5, 2025 | Jean-Baptiste Robert Bernard Wautier became a director |
| Apr 1, 2025 | The company announced the departure of L Jay Cross from the board in an SEC filing |
| Apr 1, 2025 | The company announced the departure of L Jay Cross as President in an SEC filing |
| Mar 6, 2025 | Andrew D. Davis became EVP, Head of Investments and Operations |
| Feb 3, 2025 | Kristi Smith listed as Regional President, Columbia (previously President, Columbia) in SEC filings |
| Jan 3, 2025 | David Michael Striph listed as President, Asset Management and Operations (previously EVP, Head of Operations) in SEC filings |
| Dec 5, 2024 | L Jay Cross first listed as a director in an SEC filing |
| Dec 2, 2024 | Jose Miguel Bustamante became President, Nevada |
| Aug 12, 2024 | Charles James Freericks Jr. became President, Arizona |
| Jul 16, 2024 | Pershing Square Management, LLC became a director |
| Jul 16, 2024 | Pershing Square Management, LLC became a 10% owner |
| Jul 16, 2024 | Pershing Square Inc. became a director |
| Jul 16, 2024 | Pershing Square Inc. became a 10% owner |
| Jul 16, 2024 | Pershing Square Holdco GP, LLC became a director |
| Jul 16, 2024 | Pershing Square Holdco GP, LLC became a 10% owner |
| Jun 21, 2024 | Steven H Shepsman first on file as a director |
| Jun 21, 2024 | R Scot Sellers first on file as a director |
| Jun 21, 2024 | Mary Ann Tighe first on file as a director |
| Jun 21, 2024 | David Eun first on file as a director |
| Jun 21, 2024 | Beth J Kaplan first on file as a director |
| Jun 21, 2024 | Allen J Model first on file as a director |
| Jun 21, 2024 | Adam R. Flatto first on file as a director |
| Jun 17, 2024 | Dana Hamilton became a director |
| May 23, 2024 | Ben Hakim became a director |
| Mar 18, 2024 | Joseph Valane became General Counsel & Secretary |
| Jan 26, 2024 | Anthony Williams first on file as a director |
| Jan 3, 2024 | James Carman first on file as President, Houston Region |
| Jan 3, 2024 | Heath Melton first on file as President, Phoenix Region |
| Jan 3, 2024 | Douglas Johnstone first on file as Regional President, Hawaii |
| Jan 3, 2024 | David Michael Striph first on file as EVP, Head of Operations |
| Jan 3, 2024 | Carlos A. Olea first on file as Chief Financial Officer |
| Dec 29, 2023 | Anton D. Nikodemus became CEO, Seaport Entertainment |
| Dec 4, 2023 | L Jay Cross first on file as President |
| Dec 4, 2023 | David R. O'Reilly first on file as a director |
| Dec 4, 2023 | David R. O'Reilly first on file as Director and CEO |
| Nov 29, 2023 | Zachary Winick first on file as Co-President, New York Region |
| Oct 3, 2023 | Elena Verbinskaya became Chief Accounting Officer |
| Aug 28, 2023 | Kristi Smith became President, Columbia |
| Aug 22, 2023 | William A Ackman first on file as a director |
| Aug 22, 2023 | William A Ackman first on file as a 10% owner |
| Aug 22, 2023 | Pershing Square Capital Management, L.P. first on file as a director |
| Aug 22, 2023 | Pershing Square Capital Management, L.P. first on file as a 10% owner |
| Aug 22, 2023 | PS Management GP, LLC first on file as a director |
| Aug 22, 2023 | PS Management GP, LLC first on file as a 10% owner |
| Aug 16, 2023 | Frank Stephan first on file as President, Nevada |
Not reported recently (9)
- David Michael Striph · Last reported as President, Asset Management and Operations in an SEC filing dated Feb 7, 2025
- Allen J Model · Last reported as a director in an SEC filing dated Jun 21, 2024
- Adam R. Flatto · Last reported as a director in an SEC filing dated Jun 21, 2024
- Dana Hamilton · Last reported as a director in an SEC filing dated Jun 21, 2024
- Heath Melton · Last reported as President, Phoenix Region in an SEC filing dated Mar 19, 2024
- Frank Stephan · Last reported as President, Nevada in an SEC filing dated Feb 1, 2024
- Anton D. Nikodemus · Last reported as CEO, Seaport Entertainment in an SEC filing dated Jan 3, 2024
- PS Management GP, LLC · Last reported as a director in an SEC filing dated Dec 11, 2023
- Zachary Winick · Last reported as Co-President, New York Region in an SEC filing dated Dec 7, 2023
Compiled from SEC filings by the company and its directors and officers. Dates are as stated in those filings. Where no filing says when someone left, we show the last filing that listed them.
HHH Proposed Insider Sales (Form 144)
Latest: 2026-09-22
? Form 144 Guide
Last 30d:
1 filing
· $264K notice value
· Last 90d:
3 filings
· $1.2M notice value
· 3 unique filers
What is Form 144? A notice of intent to sell restricted or control stock under Rule 144. Affiliates (officers, directors, 10%+ owners) and holders of restricted shares must file Form 144 when planning to sell more than 5,000 shares or $50,000 in any 3-month rolling window.
How it relates to Form 4: Form 144 is filed before the trade (up to 90 days in advance); Form 4 is filed within 2 business days after the trade executes. Not every Form 144 results in a sale — the filer may cancel or delay. Look for the corresponding Form 4 on the Insider Activity card to confirm a sale actually happened.
10b5-1 plans: Trades made under a pre-scheduled Rule 10b5-1 plan are not discretionary — they execute automatically on dates set months earlier, regardless of news. High 10b5-1 percentages mean less per-filing signal value, though cumulative selling volume still matters.
"Notice value": Aggregate market value the filer wrote into the Form 144 — i.e. the size of the planned sale, not necessarily the executed dollars. An amended notice (Form 144/A) replaces the original it amends, and cancelled notices are dropped, so neither is double-counted above. A filed value that is clearly inconsistent with the share count at the stock's price (a filer typo) shows as a dash and is left out of the totals.
Source & freshness: Sourced from public Form 144 filings. Refreshed daily; new filings typically appear here the morning after they are filed.
Top 90-day filers:
Mary Ann Tighe (1, $885K) · Johnstone Douglas (1, $264K) · Bustamante Jose Miguel (1, $51K)
| Filed | Filer | Role | Shares | Notice Value | Planned Sale | Broker | Plan | Link |
|---|---|---|---|---|---|---|---|---|
| 2026-09-22 | Johnstone Douglas | Officer | 4,015 | $264.3K | 2026-09-22 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-17 | Bustamante Jose Miguel | Officer | 763 | $51.1K | 2026-08-17 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-08-11 | Mary Ann Tighe | Director | 13,495 | $884.6K | 2026-08-11 | J.P. Morgan Securities LLC | — | EDGAR |
| 2026-06-17 | KRISTI SMITH | Former affiliate | 3,030 | $207.0K | 2026-06-17 | Morgan Stanley Smith Barney LLC … | — | EDGAR |
| 2026-06-10 | Bustamante Jose Miguel | Officer | 700 | $47.0K | 2026-06-10 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2026-05-15 | Carman James | Officer | 1,500 | $96.3K | 2026-05-15 | Fidelity Brokerage Services LLC | — | EDGAR |
| 2025-12-18 | Beth J. Kaplan | Former Affiliate | 1,176 | $97.6K | 2025-12-18 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-11-26 | David Hidalgo | Affiliate | 6,000 | $529.9K | 2025-11-26 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-08-15 | Beth Janell Kaplan | Director | 1,360 | $99.9K | 2025-08-15 | J.P. Morgan Securities LLC | — | EDGAR |
| 2025-07-07 | Striph David Michael | Officer | 5,502 | $378.6K | 2025-07-07 | Fidelity Brokerage Services LLC | — | EDGAR |
Notice value is the aggregate market value the filer states they intend to sell — not a confirmed transaction. Compare to Insider Activity (Form 4) to see which planned sales actually executed. Market-wide feed: Planned sales (Form 144).
Recent SEC Filings
Latest: 2026-06-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-06-05 | 0001104659-26-071029 | EDGAR |
| 2026-05-07 | 0001628280-26-032117 | EDGAR |
| 2026-04-21 | 0001104659-26-046045 | EDGAR |
| 2026-03-06 | 0001104659-26-024737 | EDGAR |
| 2026-02-19 | 0001628280-26-009701 | EDGAR |
| 2026-02-17 | 0001104659-26-016423 | EDGAR |
| 2026-02-04 | 0001104659-26-010052 | EDGAR |
| 2026-02-04 | 0001104659-26-010321 | EDGAR |
| 2025-12-18 | 0001104659-25-122577 | EDGAR |
| 2025-11-10 | 0001981792-25-000010 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-07 | 0001628280-26-032144 | EDGAR |
| 2025-11-10 | 0001981792-25-000011 | EDGAR |
| 2025-08-06 | 0001981792-25-000008 | EDGAR |
| 2025-05-07 | 0001628280-25-023135 | EDGAR |
| 2024-11-04 | 0001628280-24-044991 | EDGAR |
| 2024-07-26 | 0001628280-24-033188 | EDGAR |
| 2024-05-08 | 0001628280-24-021667 | EDGAR |
| 2023-11-06 | 0001628280-23-037021 | EDGAR |
ETF Holders
78 ETFs hold HHH
25 shown · $646.34M total exposure · 0.05% AUM-weighted avg weight
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | AVUV Avantis U.S. Small Cap Value ETF | Avantis | 0.34% | $108.5M | $31.4B | 2026-10-20 |
| 2 | VTI Vanguard Morningstar Total Stock Market ETF | Vanguard | 0.00% | $90.8M | — | 2026-09-30 |
| 3 | VNQ Vanguard Real Estate ETF | Vanguard | 0.13% | $87.3M | — | 2026-09-30 |
| 4 | DFSV Dimensional US Small Cap Value ETF | Dimensional | 0.25% | $67.1M | — | 2026-10-20 |
| 5 | VB Vanguard Morningstar Small-Cap ETF | Vanguard | 0.04% | $64.4M | — | 2026-09-30 |
| 6 | DFAT Dimensional US Targeted Value ETF | Dimensional | 0.15% | $45.2M | — | 2026-10-20 |
| 7 | VBR Vanguard Morningstar Small-Cap Value ETF | Vanguard | 0.07% | $41.9M | — | 2026-09-30 |
| 8 | DFAS Dimensional US Small Cap ETF | Dimensional | 0.09% | $28.9M | — | 2026-10-20 |
| 9 | VXF Vanguard Extended Market ETF | Vanguard | 0.03% | $25.6M | — | 2026-09-30 |
| 10 | DFMC Dimensional US Micro Cap ETF | Dimensional | 0.22% | $16.3M | — | 2026-10-20 |
| 11 | DFAC Dimensional US Core Equity 2 ETF | Dimensional | 0.02% | $13.3M | — | 2026-10-20 |
| 12 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.04% | $9.3M | — | 2026-05-31 |
| 13 | IWR iShares Russell Mid-Cap ETF | iShares (BlackRock) | 0.02% | $9.2M | $57.3B | 2026-10-20 |
| 14 | DCOR Dimensional US Core Equity 1 ETF | Dimensional | 0.01% | $5.3M | — | 2026-10-20 |
| 15 | IWD iShares Russell 1000 Value ETF | iShares (BlackRock) | 0.01% | $4.8M | $84.5B | 2026-10-20 |
| 16 | ACKY VistaShares Target 15 ACKtivist Distribution ETF | Nport | 8.23% | $3.7M | — | 2026-07-31 |
| 17 | ESML iShares ESG Aware MSCI USA Small-Cap ETF | iShares (BlackRock) | 0.13% | $3.4M | $2.7B | 2026-10-20 |
| 18 | IWS iShares Russell Mid-Cap Value ETF | iShares (BlackRock) | 0.02% | $3.2M | $15.6B | 2026-10-20 |
| 19 | FYX First Trust Small Cap Core AlphaDEX® Fund | First Trust | 0.23% | $3.2M | $1.4B | 2026-10-20 |
| 20 | AVSC Avantis U.S. Small Cap Equity ETF | Avantis | 0.10% | $3.0M | $3.1B | 2026-10-20 |
| 21 | ITOT iShares Core S&P Total U.S. Stock Market ETF | iShares (BlackRock) | 0.00% | $2.9M | $97.4B | 2026-10-20 |
| 22 | DFUV Dimensional US Marketwide Value ETF | Dimensional | 0.02% | $2.5M | $15.8B | 2026-10-20 |
| 23 | DXUV Dimensional US Vector Equity ETF | Dimensional | 0.04% | $2.3M | — | 2026-10-20 |
| 24 | PRFZ Invesco RAFI US 1500 Small-Mid ETF | Nport | 0.08% | $2.3M | — | 2026-07-31 |
| 25 | FREL Fidelity MSCI Real Estate Index ETF | Fidelity | 0.16% | $2.2M | $1.4B | 2026-10-20 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
34.74
TTM Diluted EPS
$2.00
TTM Revenue
$1.51B
TTM Net Income
$121.59M
TTM Op. Cash Flow
$457.89M
Quarterly figures (11 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $235.92M | $8.23M | $0.14 | $-229.40M |
| Q4 '25 | 2025-12-31 | $624.45M | $6.00M | $0.06 | $360.26M |
| Q3 '25 | 2025-09-30 | $390.24M | $119.51M | $2.02 | $149.76M |
| Q2 '25 | 2025-06-30 | $260.88M | $-12.14M | $-0.22 | $177.27M |
| Q1 '25 | 2025-03-31 | $199.33M | $10.53M | $0.21 | $-224.92M |
| Q4 '24 | 2024-12-31 | $983.59M | $156.32M | $3.13 | $337.09M |
| Q3 '24 | 2024-09-30 | $327.15M | $72.77M | $1.46 | $248.27M |
| Q2 '24 | 2024-06-30 | $283.47M | $21.09M | $0.42 | $-17.53M |
| Q1 '24 | 2024-03-31 | $156.48M | $-52.48M | $-1.06 | $-171.24M |
| Q4 '23 | 2023-12-31 | $312.96M | $34.30M | $0.70 | $101.26M |
| Q3 '23 | 2023-09-30 | $228.47M | $-544.18M | $-10.96 | $-109.38M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-07
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
34.74
P/B
1.04
P/S
2.64
EV/EBITDA
4.12
EV/Sales
1.43
ROE
3.2%
ROA
1.1%
Div Yield
0.00%
FCF Yield
11.48%
Debt/Equity
0.00
Current Ratio
—
Market Cap
$3.99B
as of 2026-10-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
4.45M
SI % of Float
14.26%
Days to Cover
3.99
Short Vol Ratio
76.4%
Free Float
31.22M
Float %
52.3%
Short interest 2026-09-30 • Short volume 2026-10-21 • Float 2026-08-24