BLD TopBuild Corp
Executive Summary
Institutional cluster shows mixed activity: Norges Bank fully exited a $110M position while two passive funds (Morgan Stanley, UBS) added $88.2M combined and Citadel initiated a $21.6M position. Net institutional flow is slightly negative at -$13.9M.
Key Financial Metrics
Institutional Positions
Net institutional flow: -$13.9M
▲ Buyers (3)
| Institution | Action | Change | Position Value | Value Δ |
|---|---|---|---|---|
| Morgan Stanley | ADD | +33.8% | $116.4M | $44.3M |
| Citadel | NEW | — | $21.6M | $21.6M |
| UBS | ADD | +51.9% | $96.5M | $43.9M |
▼ Sellers (2)
| Institution | Action | Change | Prev Value | Value Δ |
|---|---|---|---|---|
| Norges Bank | EXIT | -100% | $110.2M | -$110.2M |
| Point72 | TRIM | -52% | $32.0M | -$13.5M |
Actionable Insight
The large sovereign exit contrasts with passive buying, creating a mixed signal. Watch for further institutional selling or a catalyst that could align conviction. The cluster suggests uncertainty rather than a strong directional bet.
Key Facts
- Norges Bank (sovereign wealth fund) completely exited its $110.2M position in BLD.
- Morgan Stanley and UBS, both mega-passive managers, added $44.3M and $43.9M respectively.
- Citadel (quantitative hedge fund) initiated a new $21.6M position.
- Point72 trimmed its stake by 52%, reducing holdings from $32.0M to $18.5M.
- Net aggregate change: buyers added $109.8M, sellers reduced by $123.7M, net selling of $13.9M.
Financial Impact
Net institutional selling of approximately $13.9M, driven by a $110.2M exit from Norges Bank partially offset by $109.8M in additions from three buyers.
Risk Factors
- Continued institutional selling could pressure the stock.
- Passive additions may be index rebalancing, not active conviction.
- Historical cluster analysis shows mixed outcomes for BLD with a slight negative skew.
Market Snapshot
Documents Analyzed
This report is based on 1 institutional 13F filing from SEC EDGAR.
| Document | Accession Number |
|---|---|
| INST-CLUSTER Data (Synthetic) | inst-cluster-BLD-2025-Q3 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
|
Jun 11, 2026
3d ago
|
Institutional Cluster
| $393.59 awaiting T+5 | awaiting T+5 | — | — |
|
Jun 5, 2026
9d ago
|
ANALYST-DOWNGRADE
| $438.93 $408.84 | ▲ +6.86% | ▲ +8.03% | — |
|
Jun 5, 2026
9d ago
|
ANALYST-DOWNGRADE
| $438.93 $408.84 | ▲ +6.86% | ▲ +8.03% | — |
|
Jun 4, 2026
10d ago
|
425
| $405.25 awaiting T+5 | awaiting T+5 | — | — |
|
Jun 4, 2026
10d ago
|
8-K
| $405.25 awaiting T+5 | awaiting T+5 | — | — |
|
May 29, 2026
16d ago
|
DEFM14A
| $412.19 $401.82 | ▼ −2.52% | ▲ +0.23% | — |
|
May 21, 2026
24d ago
|
ANALYST-DOWNGRADE
| $469.92 $435.15 | ▼ −7.40% | ▼ −8.48% | — |
|
May 16, 2026
29d ago
|
ANALYST-UPGRADE
| $404.33 $443.31 | ▲ +9.64% | ▲ +7.72% | — |
|
May 11, 2026
4w ago
|
425
| $424.63 $406.29 | ▼ −4.32% | ▼ −4.23% | — |
|
May 6, 2026
5w ago
|
ANALYST-DOWNGRADE
| $438.93 $416.79 | ▲ +5.04% | ▲ +6.17% | — |
US Market Status
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