Wed Sep 25 09:25:25 UTC 2024: ## 1832 Asset Management Cuts D.R. Horton Stake by 84% in Q2
**NEW YORK** – 1832 Asset Management L.P. significantly reduced its holdings in homebuilder D.R. Horton, Inc. (NYSE:DHI) during the second quarter, according to a recent SEC filing. The fund trimmed its position by a whopping 84%, leaving it with 24,875 shares of the company.
The move comes as the housing market continues to face challenges amidst rising interest rates and inflation. While D.R. Horton remains a major player in the industry, investors are increasingly cautious about the sector’s future performance.
It’s unclear what specific factors prompted 1832 Asset Management’s decision to significantly reduce its stake in D.R. Horton. However, the move highlights the ongoing uncertainty surrounding the housing market and its potential impact on homebuilder stocks.
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