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

From the Filing

0000945621-24-000132.txt : 20240129 0000945621-24-000132.hdr.sgml : 20240129 20240129123245 ACCESSION NUMBER: 0000945621-24-000132 CONFORMED SUBMISSION TYPE: SC 13G/A PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20240129 DATE AS OF CHANGE: 20240129 SUBJECT COMPANY: COMPANY DATA: COMPANY CONFORMED NAME: TopBuild Corp CENTRAL INDEX KEY: 0001633931 STANDARD INDUSTRIAL CLASSIFICATION: CONSTRUCTION SPECIAL TRADE CONTRACTORS [1700] ORGANIZATION NAME: 05 Real Estate & Construction IRS NUMBER: 473096382 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: SC 13G/A SEC ACT: 1934 Act SEC FILE NUMBER: 005-88960 FILM NUMBER: 24571968 BUSINESS ADDRESS: STREET 1: 475 N. WILLIAMSON BLVD. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 BUSINESS PHONE: (386) 304-2200 MAIL ADDRESS: STREET 1: 475 N. WILLIAMSON BLVD. CITY: DAYTONA BEACH STATE: FL ZIP: 32114 FORMER COMPANY: FORMER CONFORMED NAME: Masco SpinCo Corp. DATE OF NAME CHANGE: 20150213 FILED BY: COMPANY DATA: COMPANY CONFORMED NAME: Findlay Park Partners LLP CENTRAL INDEX KEY: 0001351950 ORGANIZATION NAME: IRS NUMBER: 000000000 STATE OF INCORPORATION: X0 FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: SC 13G/A BUSINESS ADDRESS: STREET 1: SECOND FLOOR, 16 NEW BURLINGTON PLACE CITY: LONDON STATE: X0 ZIP: W1S 2HX BUSINESS PHONE: 00 44 20 7968 4900 MAIL ADDRESS: STREET 1: SECOND FLOOR, 16 NEW BURLINGTON PLACE CITY: LONDON STATE: X0 ZIP: W1S 2HX SC 13G/A 1 bldus13ga4q2022.htm AMENDMENT NO. 3 TO SCHEDULE 13G UNITES STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 3)* TopBuild Corp. (Name of Issuer)   Common Stock (Title of Class of Securities)   89055F103 (CUSIP Number)   December 31, 2023 (Date of Event Which Requires Filing of this Statement)   Check the appropriate box to designate the rule pursuant to which this Schedule is filed: ☐ Rule 13d-1(b) ☑ Rule 13d-1(c) ☐ Rule 13d-1(d) *The remainder of this cover page shall be filled out for a reporting person's initial filing on this form with respect to the subject class of securities, and for any subsequent amendment containing information which would alter the disclosures provided in a prior cover page. The information required in the remainder of this cover page shall not be deemed to be "filed" for the purpose of Section 18 of the Securities Exchange Act of 1934 ("Act") or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions of the Act (however, see the Notes).       1 NAMES OF REPORTING PERSONS      Findlay Park Partners LLP         2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP     (a) ☐     (b) ☐     3 SEC USE ONLY               4 CITIZENSHIP OR PLACE OF ORGANIZATION      England and Wales         NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5 SOLE VOTING POWER               6 SHARED VOTING POWER     893,607*         7 SOLE DISPOSITIVE POWER               8 SHARED DISPOSITIVE POWER     893,607*         9 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON      893,607*         10 CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES (SEE INSTRUCTIONS)     ☐         11 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9)      2.8%         12 TYPE OF REPORTING PERSON (SEE INSTRUCTIONS)      IA           *See Attachment A   1 NAMES OF REPORTING PERSONS      Findlay Park Funds ICAV - Findlay Park American Fund         2 CHECK THE APPROPRI