Hedge Fund Sells Big Chunk of Home Depot Stock

Diversified Management Inc., a hedge fund, decreased its position in The Home Depot's stock by 69.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission.

The firm owned 2,250 shares of Home Depot's stock after selling 5,028 shares during the quarter. Diversified Management Inc.'s holdings in Home Depot were worth $793,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in Home Depot. Curio Wealth LLC boosted its position by 13.5% in the fourth quarter and now owns 218 shares valued at $76,000. Alesco Advisors LLC raised its position by 3.2% during the same period.

Home Depot's revenue for the first quarter was up 4.8% compared to the same quarter last year, with earnings per share of $3.43 beating analyst estimates by $0.02.