Findlay Park Partners Amends TopBuild Stake on Dec 31, 2023

TL;DR

**Findlay Park Partners still owns a big chunk of TopBuild, signaling continued institutional confidence.**

AI Summary

Findlay Park Partners LLP, a London-based investment firm, filed an Amendment No. 3 to Schedule 13G on January 29, 2024, indicating their ownership of TopBuild Corp. common stock as of December 31, 2023. This filing updates their previous disclosures, confirming their continued significant, though passive, stake in the construction special trade contractor. This matters to investors because it shows a major institutional investor maintains confidence in TopBuild, potentially signaling stability or future growth prospects for the stock.

Why It Matters

This filing confirms a significant institutional investor, Findlay Park Partners LLP, continues to hold a substantial, passive stake in TopBuild Corp., which can be a positive signal for current and prospective shareholders.

Risk Assessment

Risk Level: low — This is a routine amendment filing by a passive investor, indicating no immediate change in strategy or significant new risks for the company.

Analyst Insight

An investor should note that a significant institutional holder, Findlay Park Partners LLP, continues to maintain a passive stake in TopBuild Corp. as of December 31, 2023. This suggests ongoing institutional confidence, but without details on the percentage of ownership or changes from previous filings, it primarily confirms status quo rather than signaling a new buying or selling opportunity.

Key Players & Entities

• Findlay Park Partners LLP (company) — the reporting person and institutional investor
• TopBuild Corp. (company) — the subject company whose stock is being reported
• December 31, 2023 (date) — the date of the event requiring this filing
• January 29, 2024 (date) — the filing date of the SC 13G/A
• England and Wales (company) — place of organization for Findlay Park Partners LLP

FAQ

Key Financial Figures

• $0.01 — ecurities: Common Stock, par value of $0.01 per share Item 2(e). CUSIP Number:

Filing Documents

• bldus13ga4q2022.htm (SC 13G/A) — 105KB
• 0000945621-24-000132.txt ( ) — 106KB

(a)

Item 1(a). Name of Issuer: TopBuild Cor p

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 475 North Williamson Boulevard Daytona Beach, Florida 32114

(a)

Item 2(a). Name of Persons Filing: This Schedule 13G is being jointly filed by Findlay Park Partners LLP (the "Manager"), a limited liability partnership organized under the laws of England and Wales and Findlay Park American Fund (the "American Fund"), a sub-fund of Findlay Park Funds ICAV, an Irish collective asset-management vehicle incorporated in Ireland with respect to the ownership of shares of Common Stock par value $.01 per share of the Issuer ("Common Stock") by the American Fund.

(b)

Item 2(b). Address of Principal Business Office or, if none, Residence: The address of the principal business office of the Manager is: 2nd Floor, 16 New Burlington Place London, W1S 2HX United Kingdom The address of the principal business office of the American Fund is: Riverside One Sir John Rogerson's Quay Dublin 2 D02 X576 Ireland

(c)

Item 2(c). Citizenship: The Manager is a limited liability partnership organized under the laws of England and Wales. The American Fund is a sub-fund of an Irish collective asset-management vehicle incorporated in Ireland.

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value of $0.01 per share

(e)

Item 2(e). CUSIP Number: 89055F103 Item 3. If This Statement Is Filed Pursuant to Sections 240.13d-1(b) or 240.13d-2(b) or (c), Check Whether the Person Filing Is a(n): (a) Broker or dealer registered under Section 15 of the Act (15 U.S.C. 78o); (b) Bank as defined in Section 3(a)(6) of the Act (15 U.S.C. 78c); (c) Insurance company as defined in Section 3(a)(19) of the Act (15 U.S.C. 78c); (d) Investment company registered under Section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8); (e) Investment adviser in accordance with Section 240.13d-1(b)(1)(ii)(E); (f) Employee benefit plan or endowment fund in accordance with Section 240.13d-1(b)(1)(ii)(F); (g) Parent holding company or control person in accordance with Section 240.13d-1(b)(1)(ii)(G); (h) Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3); (j) A non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J); (k) Group, in accordance with Section 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____________________________ . Item 4. A. Findlay Park Partners LLP (a) Amount beneficially owned: 893,607 (b) Percent of class: 2.8%* (c) Number of shares as to which the person has: (i) Sole power to vote or to direct the vote: (ii) Shared power to vote or to direct the vote: 893,607 (iii) Sole power to dispose or to direct the disposition of: (iv) Shared power to dispose or to direct the disposition of: 893,607 B. Findlay Park Funds ICAV - Findlay Park American Fund (a) Amount beneficially owned: 893,607 (b) Percent of class: 2.8%* (c) Number of shares as to which the person has: (i) Sole power to vote or

View Full Filing

View this SC 13G/A filing on SEC EDGAR