Balyasny Asset Management Adds to Long Position in Home Depot Stock

According to a recent Form 13F filing submitted to the SEC, Balyasny Asset Management disclosed a noteworthy and bullish position in HD stock. Here’s what you need to know about The Home Depot, Inc., as well as Balyasny Asset Management’s position in shares of HD stock:

About The Home Depot, Inc. (NYSE: HD)

The Home Depot, Inc. operates as a home improvement retailer. It operates The Home Depot stores that sell various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products The company also offers installation services for flooring, cabinets and cabinet makeovers, countertops, furnaces and central air systems, and windows. In addition, it provides tool and equipment rental services. The company primarily serves homeowners; and professional renovators/remodelers, general contractors, maintenance professionals, handymen, property managers, building service contractors, and specialty tradesmen, such as electricians, plumbers, and painters. It also sells its products through websites, including homedepot.com; blinds.com, an online site for custom window coverings; and thecompanystore.com, an online site for textiles and décor products. As of December 31, 2021, the company operated 2,317 stores in the United States. The Home Depot, Inc. was incorporated in 1978 and is based in Atlanta, Georgia. Learn more about The Home Depot, Inc. on their website here

Balyasny Asset Management Position in HD

According to the most recent 13F filed by Balyasny Asset Management, the firm added 175,771 shares of HD stock to it holdings in the recent quarter. That brings their total long position in The Home Depot, Inc. to 658,031 shares, representing approximately 0.0643% of the entire 1,023,730,042 HD shares outstanding. Based on the most recent closing price of $306.92 per share of HD, the entire Balyasny Asset Management position in The Home Depot, Inc. stock is worth roughly $201,962,874.52.

Summary

Be sure to check out more recent 13F filings here to stay up to date on the latest disclosures from institutional investment managers like Balyasny Asset Management. Also be sure to check out more recent 13F filing analysis news here.