5. PulteGroup, Inc. (NYSE:PHM)
Number of Hedge Fund Holders as of Q3: 33
Greenhaven Associates’ Equity Stake: $608.12 Million
PulteGroup, Inc. (NYSE:PHM), founded in 1956 by William J. Pulte in Michigan, is one of the largest homebuilders in the United States. The company started out in 1950 when an 18-year-old William J. Pulte began building and selling houses, and eventually went public in 1972. It expanded through major acquisitions, including DiVosta in 1998, Del E. Webb Construction Company in 2001, and the homebuilding operations of American West Homes in 2019. In 2014, PulteGroup relocated its headquarters to Atlanta, Georgia, and as of 2023, it ranks as the third-largest home construction company in the country, having built nearly 750,000 homes as of Q4 2025.
PulteGroup, Inc. (NYSE:PHM) operates in 40 major cities across the United States and serves a diverse range of homebuyers through its well-established brands, including Pulte, Centex, Del Webb, DiVosta, American West, and John Wieland Homes and Neighborhoods. Under the leadership of CEO Ryan Marshall since 2016, the company continues to expand its market presence and maintain its strong reputation in the residential construction industry.
PulteGroup, Inc. (NYSE:PHM) has established itself as a leading homebuilder by prioritizing efficiency, strategic planning, and high-quality home designs. Under the leadership of CEO Ryan Marshall, the company underwent a transformation after the 2008 financial crisis as it shifted its focus from volume to maximizing return on invested capital. In recent years, the company has consistently increased earnings and maintained strong financial performance: its stock price has surged from $20 per share to $130 since Marshall took over as CEO in 2016, reflecting the company’s disciplined approach to capital allocation and operational excellence.
In an interview in November 2024, Marshall stated that the U.S. housing market remains significantly undersupplied, contributing to rising home prices and an increasing median age for first-time buyers. Regardless, PulteGroup, Inc. (NYSE:PHM) has successfully expanded through both acquisitions and organic growth. Its commitment to innovation, financial discipline, and delivering high-value homes positions the company as a top performer in the industry, making it a strong investment choice.
PulteGroup, Inc. (NYSE:PHM) has proven its strength as a top-performing stock with impressive financial results in Q4 2024. The company reported $4.92 billion in revenue, reflecting a strong 14.63% year-over-year growth and exceeding consensus estimates by nearly 6%. Additionally, its EPS of $3.50 outperformed expectations by $0.23, showcasing its ability to deliver consistent profitability. With strong financial momentum and a solid market position, PulteGroup remains a great stock for investors seeking stability and growth in the homebuilding sector. Greenhaven Associates owns over 5.58 million shares of the company as of Q4 2024 which constitutes 8.99% of the hedge fund’s holding.
