HS Management Partners LLC Acquires New Stake in The Home Depot Inc.

HS Management Partners LLC acquired a new stake in The Home Depot, Inc. (NYSE: HD) in the second quarter, according to the company's most recent 13F filing with the Securities & Exchange Commission.

The fund bought 20,755 shares of the home improvement retailer's stock, valued at approximately $7.32 million. This represents about 2.5% of HS Management Partners LLC's investment portfolio, making The Home Depot its 22nd largest holding.

Other large investors have also recently added to or reduced their stakes in HD. BlackRock Inc. acquired a new position in shares of The Home Depot in the second quarter worth $28.77 billion, while Norges Bank purchased a new position in The Home Depot in the fourth quarter valued at $4.85 billion.

The company's CFO, Richard V. Mcphail, sold 5,989 shares of the firm's stock on August 19th for an average price of $348.40, resulting in a total transaction of $2.09 million.