Signal dossier · Q4 2025

HHH

Howard Hughes Holdings · Real Estate

HoldLens verdict · single −100..+100 scale

SELL

−3

on a signed −100 sell scale · WEAK SELL

3 tracked managers selling. MODERATE sell signal.

Unified ConvictionScore · −100..+100

Smart money + insider + track record + trend + concentration + contrarian − dissent − crowding

−3

Buy component

Dissent penalty

−12

Unanimity bonus

Quality differential

-9

Info density

Buyers / Sellers

1 / 3

ConvictionScore v5 · 9-layer breakdown

13F superinvestor moves + Form 4 insider trades + 8-K material events. The SEC Signals trilogy.

−3

Smart money (13F)

Insider activity (Form 4)

Track record (CAGR)

-3

Trend streak

Concentration

Contrarian bonus

Event signal (8-K)

− Dissent penalty

−12

− Crowding penalty

−0

Owners: 1·Buyers: 9·Sellers: 10·Buyer-CAGR-weighted expected return: +10.9% ±1.8%·How this is computed

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8-quarter activity

Distinct managers buying or selling HHH each quarter — last 2 years.

3 buy moves·1 sell moves·net buying

'24 Q1

'24 Q2

'24 Q3

'24 Q4

'25 Q1

'25 Q2

'25 Q3

'25 Q4

Buyers (new + add)Sellers (trim + exit)

Ownership breadth · 8 quarters

Breadth flat

-1 owners over 8Q

Q1 '24

Q2 '24

Q3 '24

Q4 '24

Q1 '25

Q2 '25

Q3 '25

Q4 '25

The number of superinvestors holding this name has been stable for 8 quarters. See the most-owned names across all tracked managers →

Smart money activity

Every tracked 13F move on HHH — grouped by quarter, ranked by manager quality.

Smart money activity

9 buys · 10 sells across tracked 13F filings

Net signal: SELL

Q4 2025(4 moves)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management	Add 125%	+144K	0.00%
Bill AckmanElite Pershing Square Capital Small trim on Howard Hughes.	Reduce 4.00%	-760K	12.70%
Polen CapitalElite Polen Capital Management	Reduce 41.00%	-10K	0.00%
Bill Nygren Oakmark Funds	Reduce 35.00%	-20K	0.00%

Q3 2025(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management	Add 95.00%	+56K	0.00%
Polen CapitalElite Polen Capital Management	Buy (new)	+24K	0.00%
Bill Nygren Oakmark Funds	Reduce 53.00%	-66K	0.00%

Q2 2025(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Bill AckmanElite Pershing Square Capital Building Howard Hughes.	Add 8.00%	+1.42M	13.80%
Joel GreenblattElite Gotham Asset Management	Reduce 69.00%	-130K	0.00%
Bill Nygren Oakmark Funds	Reduce 92.00%	-1.46M	0.00%

Q1 2025(1 move)

Portfolio manager	Activity	Share change	% portfolio
Joel GreenblattElite Gotham Asset Management	Add 77.00%	+82K	0.00%

Q4 2024(3 moves)

Portfolio manager	Activity	Share change	% portfolio
Bill AckmanElite Pershing Square Capital More Howard Hughes.	Add 6.00%	+1.10M	13.00%
Joel GreenblattElite Gotham Asset Management	Add 693%	+94K	0.00%
Bill Nygren Oakmark Funds	Reduce 18.00%	-349K	0.20%

Q3 2024(2 moves)

Portfolio manager	Activity	Share change	% portfolio
Bill AckmanElite Pershing Square Capital Howard Hughes add.	Add 8.00%	+1.30M	12.30%
Joel GreenblattElite Gotham Asset Management	Reduce 78.00%	-47K	0.00%

Q2 2024(3 moves)

Portfolio manager	Activity	Share change	% portfolio
John ArmitageTier 1 Egerton Capital	Buy (new)	+16K	0.10%
Joel GreenblattElite Gotham Asset Management	Reduce 78.00%	-209K	0.00%
Tom SlaterElite Baillie Gifford (Long Term Global Growth)	Sell (exit)	-3K	0.00%

Insider activity

What the company's own executives and directors are doing — buys are highly bullish.

Latest news

Recent headlines for HHH — context for the moves above.

Who’s betting biggest on HHH

Real Estate sector →

Each bar is one manager’s position size in HHH as a % of their portfolio. Longer bar = bigger conviction bet. T1 badge marks the highest-quality track records.

Bill Ackman

13.2%

“Master-planned community real estate.”

AI thesis

An AI-synthesised investment thesis for HHH, based on the 13F data above. Generated on demand — not stored or pre-computed.

AI thesis

Claude Haiku synthesis of SELL positioning from 1 institutional filers

Generate a 2-paragraph investment thesis synthesising 1 institutional holdings and the -3 conviction score.

Related smart-money signals

Derived from the same 13F filings

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The HoldLens signal dossier shows the unified −100..+100 ConvictionScore alongside live prices, multi-quarter trend detection, insider activity, and real-time news. Not investment advice. Methodology.