Martingale Asset Management Reduces Stake in Home Depot

Asset management firm sells off over 8% of its Home Depot shares in Q3

Mar. 13, 2026 at 10:52am

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Martingale Asset Management L.P. reduced its stake in The Home Depot, Inc. (NYSE:HD) by 8.4% during the 3rd quarter, according to the company's latest 13F filing with the Securities and Exchange Commission. The firm now owns 88,976 shares of the home improvement retailer's stock, valued at $36,052,000.

Why it matters

Home Depot is one of the largest and most influential home improvement retailers in the United States. Changes in major institutional investors' holdings of the company's stock can provide insights into broader market trends and investor sentiment around the company.

The details

Martingale Asset Management sold 8,113 shares of Home Depot stock during the 3rd quarter, reducing its total position to 88,976 shares. The firm's holdings in Home Depot now make up 0.9% of its overall portfolio, making it the 17th largest position. Several other major hedge funds and institutional investors have also adjusted their Home Depot holdings in recent quarters.

  • Martingale Asset Management reduced its Home Depot stake during the 3rd quarter of 2026.

The players

Martingale Asset Management L.P.

An asset management firm that has a $36.05 million position in The Home Depot, Inc.

The Home Depot, Inc.

A leading home improvement retailer that operates large-format stores and an integrated online platform.

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The takeaway

The reduction in Martingale Asset Management's Home Depot stake reflects broader market trends, as some investors may be taking profits or adjusting their portfolios in response to economic conditions. However, Home Depot remains a major holding for the firm and continues to be viewed as an attractive long-term investment by many analysts and institutional investors.