LGT Fund Management Trims Stake in Home Depot

Institutional investor reduces position in home improvement retailer

Published on Mar. 9, 2026

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LGT Fund Management Co Ltd. lowered its stake in shares of The Home Depot, Inc. (NYSE:HD) by 26.5% in the third quarter, according to a recent SEC filing. The fund now owns 12,923 shares of the home improvement retailer's stock, down from 17,584 shares previously.

Why it matters

This move by LGT Fund Management reflects broader institutional repositioning around Home Depot stock. While overall institutional ownership remains high at around 71%, some smaller funds have been making incremental adjustments to their positions. Investors will be watching to see if this trend continues or if larger directional shifts emerge.

The details

According to the filing, LGT Fund Management sold 4,661 shares of Home Depot during the third quarter. The fund now holds a position valued at $5.13 million, down from $6.98 million previously. Home Depot's stock has seen mixed analyst coverage lately, with a majority rating it a Buy or Moderate Buy but some firms trimming their price targets.

  • LGT Fund Management lowered its stake in the third quarter of 2026.

The players

LGT Fund Management Co Ltd.

A global asset management firm that oversees investments for institutional and private clients.

The Home Depot, Inc.

A leading home improvement retailer with over 2,300 stores across North America.

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The takeaway

This filing highlights the ongoing institutional repositioning around Home Depot stock, with some funds making incremental adjustments to their positions. While overall ownership remains concentrated, investors will be watching closely to see if any larger directional shifts emerge in the coming quarters.