NewEdge Wealth LLC Increases Stake in Home Depot

Investment firm adds 3,580 shares to its Home Depot holdings in Q3

Published on Feb. 24, 2026

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NewEdge Wealth LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 1.8% during the third quarter, according to a recent SEC filing. The firm now owns 197,401 shares of the home improvement retailer's stock, valued at $73.8 million. Home Depot accounts for 1.1% of NewEdge Wealth's investment portfolio, making it the firm's 14th largest holding.

Why it matters

Home Depot is one of the largest home improvement retailers in the world, and its stock performance is closely watched by investors. The increase in NewEdge Wealth's stake suggests the firm sees continued growth potential in Home Depot's business, even as the company faces some near-term headwinds like lower-than-expected earnings in the most recent quarter.

The details

According to the SEC filing, NewEdge Wealth purchased an additional 3,580 shares of Home Depot during the third quarter, bringing its total holdings to 197,401 shares. The investment firm cited Home Depot's strong market position, diverse product offerings, and growth opportunities as reasons for increasing its stake in the company.

  • NewEdge Wealth LLC disclosed its increased stake in Home Depot in a 13F filing for the third quarter of 2026.

The players

NewEdge Wealth LLC

An investment management firm that oversees approximately $6.7 billion in client assets.

The Home Depot, Inc.

A leading home improvement retailer that operates large-format stores and an integrated online platform, offering a wide range of products and services for do-it-yourself consumers, professional contractors, and businesses.

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The takeaway

NewEdge Wealth's increased stake in Home Depot suggests the firm believes the home improvement retailer still has room for growth, despite some recent earnings challenges. This vote of confidence from a major institutional investor could signal that Home Depot remains an attractive long-term investment in the eyes of Wall Street.