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$8 Billion+ Invested: Hedge Funds Flock to Home Depot

Guavy AI Editorial Team
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HD
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The Virginia Retirement Systems ET Al and other hedge funds have acquired new shares in The Home Depot, Inc. ($HD).

Virginia Retirement Systems ET Al bought 25,310 shares of Home Depot's stock worth approximately $8,926,000.

Other notable buyers include First Eagle Investment Management LLC, which lifted its stake by 3.8% during the second quarter; and California State Teachers Retirement System, which raised its holdings by a staggering 34,873.9%

This significant increase in institutional ownership reflects market analysts' confidence in Home Depot's future performance.

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