HOWARD HUGHES HOLDINGS INC.
boothcheck covers HOWARD HUGHES HOLDINGS INC. (HHH) but does not put one priced-in number on it: here the defensible answer is the evidence rather than a point estimate. boothcheck publishes no house fair value, target price, or buy/sell rating. Narrative composed June 27, 2026.
• Howard Hughes is changing what it is: alongside its master-planned-community land business, it is acquiring Vantage Group, a specialty insurer, in a roughly $2.1 billion deal funded partly by Pershing Square preferred stock, the first step toward a diversified holding company. [Source: HHH Q1 2026 results, April 2026] • The defining risk is the balance sheet meeting the land cycle: net debt sits near 10 times operating income with interest coverage around 2 times, and the core business sells r
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278 institutional managers reported holding HHH in 13F filings for the quarter ended 2026-03-31. Together they hold about 90% of the company; the top 10 hold 72%. 39 opened new positions that quarter. Held by Pershing Square, Vanguard Group, Dimensional Fund Advisors, among others. On the short side, 3.0M shares were sold short as of the 2026-06-15 count, about 5% of shares outstanding (6.5 days of typical volume to cover).
Quarterly 13F filings arrive up to 45 days after quarter end, so the picture is never current (filed through 2026-05-29). Nothing here is investment advice.
Open-market insider buys at HHH over the trailing three years: 2024: 5 buys totaling $62k; 2025: 2 buys totaling $439k; 2026: 1 buy totaling $81k. 28 officers and directors are on file.
Code P open-market purchases from SEC Form 4 filings, non-derivative, excluding scheduled 10b5-1 plans. Nothing here is investment advice.
HHH's recent reports: the day-one move, then what the following quarter actually did.
| report | day one | next quarter |
|---|---|---|
| 2025-02-27 | +2.4% | -13.9% |
| 2025-05-08 | +2.4% | +1.7% |
| 2025-08-07 | +1.6% | +15.9% |
| 2025-11-11 | +11.2% | -9.0% |
Day-one is the close-to-close move around the filing. Nothing here is investment advice.
HHH's latest 8-K filings: 2026-08-05 (items 2.02, 7.01, 9.01); 2026-07-17 (items 7.01, 9.01); 2026-06-05 (items 1.01, 2.01, 3.02, 3.03, 7.01, 9.01); 2026-05-07 (items 2.02, 7.01, 9.01); 2026-04-21 (items 1.01, 3.02, 5.02, 8.01, 9.01).
Item codes are the SEC's own classification of what each report discloses. Dates link to the filing on EDGAR. Nothing here is investment advice.
Model solve date: 2026-Q2
Narrative composed: June 27, 2026
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For informational and research purposes only. Not investment advice. Not a recommendation to buy, sell, or hold any security. boothcheck is not a registered investment adviser. Past performance does not guarantee future results.