Home Depot Investor Trims Stake by 40%

Smith Chas P & Associates PA Cpas reduces holdings in home improvement retailer

Published on Mar. 4, 2026

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Smith Chas P & Associates PA Cpas, an institutional investor, has lowered its stake in The Home Depot, Inc. (NYSE:HD) by 40.8% during the third quarter, according to a recent 13F filing with the Securities and Exchange Commission (SEC). The firm now owns 118,132 shares of the home improvement retailer's stock, valued at $47,866,000.

Why it matters

Home Depot is one of the largest home improvement retailers in the United States, and changes in institutional ownership can provide insights into market sentiment around the company's performance and future prospects.

The details

According to the 13F filing, Smith Chas P & Associates PA Cpas sold 81,351 shares of Home Depot stock during the third quarter. The firm now holds a 4.1% stake in the company, making it the 6th largest position in its investment portfolio.

  • The 13F filing was submitted in the third quarter of the year.

The players

Smith Chas P & Associates PA Cpas

An institutional investor that has reduced its stake in The Home Depot, Inc.

The Home Depot, Inc.

A leading home improvement retailer in the United States.

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The takeaway

The reduction in Smith Chas P & Associates PA Cpas' stake in Home Depot may indicate a shift in market sentiment around the home improvement retailer, though the reasons behind the move are not entirely clear from the available information.