OneAscent Family Office Buys $1.07M Stake in Home Depot Amid Retailer's Turnaround
OneAscent Family Office LLC has acquired a new position in The Home Depot, Inc. ($HD) worth $1.07 million. In its most recent Form 13F filing with the Securities and Exchange Commission, the fund revealed that it purchased 3,046 shares of Home Depot's stock during the second quarter.
According to the report, other hedge funds have also made changes to their positions in the company recently. Advocate Investing Services LLC bought a new stake in Home Depot worth approximately $25,000 in the fourth quarter, while Zeit Capital LLC acquired a new position in the home improvement retailer during the same period valued at about $26,000.
The news comes as Home Depot reported its strongest comparable-sales growth since 2022 in its fiscal second-quarter sales. The company's adjusted earnings of $4.92 per share exceeded analyst consensus estimates of $4.73, reinforcing the view that the retailer's turnaround is gaining traction.