Home Depot Stock Sees Increased Institutional Investment

PCM Encore LLC has acquired 4,338 shares of The Home Depot's stock for approximately $1.53 million in its most recent filing with the SEC.

This new stake is part of a larger trend where institutional investors are increasing their holdings in Home Depot, with over 70% of the company's shares owned by hedge funds and other institutional investors.

Last quarter, several other hedge funds made changes to their positions in HD, including Trillium Asset Management LLC, Altman Advisors Inc., Clay Northam Wealth Management LLC, Jupiter Wealth Management LLC, and Vise Technologies Inc.