Silvercrest Asset Management Group 13F: Cuts HD Stake by $4M

Silvercrest Trims Home Depot Holdings

Silvercrest Asset Management Group lowered its investment in The Home Depot, Inc. (NYSE:HD) during the reporting period, according to a Form 13F filing with the SEC. The firm sold 11,405 shares of the home improvement retailer, reducing its total holdings by 3.4%. Because 13F filings are backward-looking and capture a snapshot in time from May 15, 2026, the report may not reflect the investor's current position today.

Position Changes For The Fund

Prior to the adjustment, Silvercrest owned 334,640 shares of The Home Depot, Inc. The sale of 11,405 shares brought the firm's ending count to 323,235 shares. That remaining stake carried a reported value of roughly $114.0 million at the time of the filing.

Stock Performance and Recent Trading

Shares of The Home Depot, Inc. trade on the NYSE under the ticker HD. The stock changes hands near the middle of its 52-week range, well above its 52-week low of $277.15 and below its high of $397.63. Investors watching the retail sector often look at how shares perform following these quarterly institutional disclosures.

Wall Street Analyst Updates

Wall Street firms have kept a close eye on the retailer, with multiple firms issuing updates in August and September 2026. On August 19, 2026, Mizuho maintained its outperform rating and raised its target to $390.00. On the same day, DA Davidson maintained a buy rating at $377.00, UBS kept a buy rating with a target lowered to $420.00, Truist Securities maintained a buy rating with a target raised to $373.00, Keybanc reiterated a sector weight rating, Argus Research kept a buy rating with a target of $400.00, and RBC Capital maintained a sector perform rating with a target of $342.00. Later, on September 9, 2026, Bernstein maintained its market perform rating and lowered its price target to $344.00. Overall, the company holds a consensus buy recommendation from 32 analysts who carry a mean price target of $379.75.

Inside The Home Depot Business

The Home Depot, Inc. operates as a major home improvement retailer, selling building materials, lawn and garden products, tools, and decor to do-it-yourself customers and professional contractors across stores and digital platforms. Institutional shifts like Silvercrest's reduction offer a window into how large asset managers manage their portfolios in the consumer cyclical sector.

Looking Ahead After The Filing

Observers will need to wait for subsequent quarterly filings to see if Silvercrest continues to pare down its exposure or reverses course. Future trades by institutional managers and upcoming corporate milestones will provide further clues on market sentiment for the retailer.