Who Is Buying Home Depot? Hedge Fund Activity in 2026
See which hedge funds are buying, selling, or holding Home Depot (HD) based on latest 13F filings. 6 funds buying, institutional value $80B.
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Who Is Buying Home Depot? Hedge Fund Activity in 2026
Home Depot is the world's largest home improvement retailer and a cornerstone of consumer discretionary portfolios. The company's exposure to the housing market, professional contractor business, and the massive aging U.S. housing stock makes it a uniquely positioned consumer cyclical. With the SRS Distribution acquisition expanding its pro segment and a recovering housing market, HD has attracted significant institutional attention.
The latest 13F filings show a moderately bullish institutional picture: 6 funds buying versus 4 selling, with 6 holding steady. At $80 billion in institutional value, Home Depot remains a deeply owned institutional favorite.
Quick Answer
Across the funds we read directly from SEC filings, the largest Home Depot position in the Q2 2026 13Fs (period ending 30 June 2026) is Citadel Advisors at $535M (1,518,105 shares). Measured against the size of each filer's book rather than in dollars, the most concentrated holder is Viking Global Investors, where Home Depot is 0.9% of everything they report. Every figure here is aggregated by CUSIP from the filer's own information table with put/call rows excluded — a 13F lists options beside shares, and adding them together is what produces the inflated stakes quoted elsewhere. Filings lag roughly 45 days: this is positioning as of 30 June 2026, not today, and not investment advice.
Home Depot Institutional Snapshot
| Metric | Value |
|---|---|
| Ticker | HD |
| Price | ~$321.60 |
| Institutional Value | ~$80B |
| Active Funds Tracked | 16 |
| Buying | 6 funds |
| Selling | 4 funds |
| Holding | 6 funds |
The 6-to-4 buy-sell ratio, combined with 6 holding funds, creates a stable and moderately bullish institutional setup. The large number of holders reflects institutional comfort with Home Depot as a long-term position.
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See your Freedom Runway — freeWho holds Home Depot, and how much it matters to them
Read from each filer's Q2 2026 information table (period ending 30 June 2026).
| Fund | Position | Shares | Share of the fund's 13F book |
|---|---|---|---|
| Citadel Advisors | $535M | 1,518,105 | 0.3% of $171.84B |
| Viking Global Investors | $325M | 920,595 | 0.9% of $35.08B |
| Millennium Management | $35M | 98,688 | 0.0% of $142.92B |
The last column is the one worth reading. A multi-strategy fund reporting a $100B+ book can hold a large dollar amount of Home Depot that means almost nothing to it, while a concentrated fund holding less in dollars may have several percent of its entire book in the name. Rankings by dollar value hide exactly that difference.
Who added and who cut
Comparing each filer's Q1 2026 table with its Q2 2026 one, by share count — the change is what shows conviction, not the size of the position.
| Fund | Q1 2026 shares | Q2 2026 shares | Change |
|---|---|---|---|
| Millennium Management | 659,476 | 98,688 | -85% |
| Viking Global Investors | 504,257 | 920,595 | +83% |
| Citadel Advisors | 1,464,606 | 1,518,105 | +4% |
A fund absent from this table reported no Home Depot position in either quarter.
Track Home Depot Institutional Activity
Track HD institutional moves in real-time with Freenance Smart Money — we track 35 funds with $21.4T total AUM across 77,111 positions. See who's buying and selling at app.freenance.io/smart-money/ticker/HD.
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FAQ
Which hedge funds are increasing their Home Depot positions?
Index managers such as Vanguard, BlackRock and State Street hold the largest raw positions in almost every large-cap name, because they track the index rather than pick the stock. Among the active filers we read directly from EDGAR, the largest position in the Q2 2026 filings is Citadel Advisors at $535M (1,518,105 shares).
How does the housing turnover cycle factor into the institutional thesis?
Existing-home transaction volumes drive a large share of Home Depot revenue because each sale typically triggers thousands of dollars in subsequent home-improvement spending. Many institutional buyers cite a normalization of housing turnover after years of mortgage lock-in as a multi-year tailwind reflected in 13F accumulation.
What does the SRS Distribution acquisition mean for HD's pro segment?
SRS expanded Home Depot's exposure to professional roofing, landscaping and pool contractors — a higher-frequency, higher-ticket customer base. 13F commentary often points to this pro-segment build-out, combined with an aging U.S. housing stock, as a structural reason institutions are comfortable holding HD through cycles.
Why is Home Depot popular among dividend-focused institutional mandates?
HD pays a substantial and steadily growing dividend, which makes it a natural holding for income-oriented pension funds and endowments. This structural demand helps explain why six tracked funds are simply holding HD steady rather than rotating in or out.
Does the 13F data on Home Depot count as financial advice?
No. The page describes positions disclosed at a specific quarter-end and is informational only. Anyone using 13F signals on HD should combine them with their own analysis of the housing cycle, valuation and personal risk tolerance.