Assenagon Asset Management S.A. 13F: Adds $667M to HD Stake

Assenagon Asset Management has significantly increased its investment in The Home Depot, Inc. NYSE: HD, according to a recent Form 13F filing with the SEC. Institutional reports like this one offer a backward-looking snapshot of portfolio changes and might not show the fund's exact current holdings today on October 16, 2026.

What Changed in Assenagon Asset Management's The Home Depot, Inc. Position

The fund added 2,345,736 shares during the period, growing its position by 647.6% to reach a total of 2,707,961 shares. The reported value of the stake came in at about $770.4 million, up from its previous holding of 362,225 shares. This sharp increase makes the retailer a much larger part of the fund's tracked equity holdings.

Other Institutional Activity in The Home Depot, Inc.

Other major institutional managers also adjusted their positions in the home improvement retailer around the same reporting period. Blackrock Inc. grew its holdings by 2,918,308 shares, ending with 81,578,902 shares worth about $25,259,275,824.0. Vanguard Capital Management LLC grew its holdings by 388,128 shares, ending with 65,076,088 shares worth about $20,149,509,445.0. State Street Corporation grew its holdings by 499,429 shares, ending with 47,175,026 shares worth about $14,606,803,530.0. Vanguard Portfolio Management LLC grew its holdings by 475,195 shares, ending with 25,751,551 shares worth about $7,973,452,861.0. Geode Capital Management, LLC grew its holdings by 326,672 shares, ending with 25,263,448 shares worth about $7,822,321,527.0.

The Home Depot, Inc. Stock Up 4.5%

The stock recently traded around $308.94 as of October 16, 2026. The shares are sitting below their 50-day moving average of $313.97 and below their 200-day moving average of $336.47. The stock has traded in a 52-week range between $277.15 and $397.63.

Recent Earnings

The company reported trailing-twelve-month revenue of $169.18 billion and earnings of $14.37 per share. Its net profit margin stood at 8.4% alongside a return on equity of 104.3%. The retailer's next quarterly financial report is scheduled for November 17, 2026.

Dividend

The company pays an annual dividend that yields 3.02%, backed by a payout ratio of 64.8% of earnings.

Insider Buying and Selling at The Home Depot, Inc.

Company insiders executed several transactions prior to the filing. Chief Financial Officer Richard V Mcphail sold 5,989 shares on August 19, 2026, at an average price of $348.40 for a total value of $2,086,568.0. Officer Michael F Rowe sold 710 shares on August 26, 2026, at $336.76 per share totaling $239,100.0. General Counsel Teresa Wynn Roseborough sold 2,455 shares on August 28, 2026, at $328.77 for a total of $807,130.0. Finally, Officer Kimberly R. Scardino sold 675 shares on September 10, 2026, at $305.95 for a total value of $206,516.0.

Analysts Set New Price Targets

Wall Street firms updated their views on the stock ahead of the filing. On August 19, 2026, Mizuho maintained its Outperform rating while raising its price target to $390.0 from $385.0. DA Davidson maintained a Buy rating with a $377.0 price target on August 19, 2026. UBS maintained a Buy rating on August 19, 2026, lowering its target to $420.0 from $430.0. Truist Securities maintained a Buy rating on August 19, 2026, raising its target to $373.0 from $369.0. Bernstein maintained a Market Perform rating on September 9, 2026, lowering its target to $344.0 from $354.0. The stock carries a consensus Buy recommendation with a mean target price of $379.75 across 32 analyst opinions.

About The Home Depot, Inc.

Headquartered in Atlanta, Georgia, The Home Depot operates home improvement retail stores across North America. The company sells building materials, lawn and garden supplies, and decor items, alongside offering a wide array of installation and maintenance services for homeowners and contractors. This large institutional purchase highlights how major asset managers view the retailer's long-term retail footprint.

Bottom Line

Investors will look toward the company's upcoming earnings report on November 17, 2026, for fresh details on sales trends and consumer demand. As always, quarterly 13F filings look backward at past positions, so tracking future regulatory updates will show whether Assenagon Asset Management continues to build its stake.