Schonfeld Strategic Advisors 13F: Adds $28M to BLD Stake

Schonfeld Strategic Advisors Boosts Position in TopBuild Corp.

Schonfeld Strategic Advisors expanded its investment in TopBuild Corp. NYS BLD by 105.6%, according to a Form 13F filing with the Securities and Exchange Commission. The quantitative fund added 78,466 shares during the period to bring its total holding to 152,790 shares. Based on regulatory disclosures, the expanded stake carried an estimated value of about $54.2 million at the close of the quarter.

What Changed in the TopBuild Holding

Prior to this adjustment, the hedge fund owned 74,324 shares of the building materials provider. By picking up an additional 78,466 shares, Schonfeld more than doubled its exposure to the company in a single reporting period. Form 13F filings look backward at portfolio choices from the end of the quarter and may not reflect the investor's current real-time position.

TopBuild Stock Price and Valuation Context

TopBuild Corp. shares recently changed hands around $354.53, placing the stock closer to the lower boundary of its 52-week trading range that spans from a low of $330.51 to a high of $559.47. The company trades with a price-to-earnings ratio of 19.9 and a forward price-to-earnings ratio of 17.0. Its 50-day moving average sits at $412.97 while the 200-day moving average rests at $428.77.

Broader Trading Activity by Schonfeld

This transaction follows a series of portfolio adjustments by Schonfeld Strategic Advisors. In recent days, the quantitative fund also boosted its holdings in BioCryst Pharmaceuticals and increased its position in Braze, Inc. by 177%. At the same time, the firm took a brand-new position in Broadstone Net Lease with 980,791 shares and trimmed its Bank of America position by more than half, showing an active approach across diverse industries.

What TopBuild Corp. Does

TopBuild Corp. installs and distributes insulation and other building products for the construction sector across the United States and Canada. The company operates through two main segments, Installation and Specialty Distribution, serving single-family homebuilders, multi-family builders, and commercial contractors with items like windows, gutters, garage doors, and roofing materials.

Looking Ahead After the Filing

Investors tracking Schonfeld's strategy will look to future quarterly filings to see whether the fund maintains its expanded position in TopBuild. Because these disclosures are historical records, they serve as a snapshot of institutional interest rather than immediate trading signals.