Capital Research Global Investors Holds 13.3M Shares of D.R. Horton

TL;DR

**Capital Research Global Investors owns 13.3M shares of D.R. Horton, a big vote of confidence!**

AI Summary

Capital Research Global Investors, a major institutional investor, filed an amended SC 13G/A on February 9, 2024, disclosing its ownership in D.R. Horton, Inc. /DE/. As of December 29, 2023, the firm beneficially owned 13,323,766 shares of D.R. Horton's common stock, representing a significant stake. This filing indicates a notable position by a large investment manager, which can signal confidence in the homebuilder's future performance to current and prospective shareholders.

Why It Matters

Large institutional ownership can provide stability to a stock and signal confidence from sophisticated investors, potentially influencing other investors' perceptions of D.R. Horton's value.

Risk Assessment

Risk Level: low — This filing indicates a stable, significant institutional holding, which generally reduces volatility and risk for the stock.

Analyst Insight

Investors should view this significant institutional holding as a positive signal, suggesting that a major fund manager sees long-term value in D.R. Horton. This could be a good time to research D.R. Horton further or consider adding it to a diversified portfolio.

Key Numbers

• 13,323,766 — Aggregate Shares Beneficially Owned (This is the total number of D.R. Horton shares Capital Research Global Investors holds, indicating a substantial investment.)
• 13,308,227 — Sole Voting Power (This shows the number of shares for which Capital Research Global Investors has exclusive voting rights, demonstrating their direct influence.)

Key Players & Entities

• Capital Research Global Investors (company) — the reporting person and institutional investor
• D.R. Horton, Inc. /DE/ (company) — the subject company and homebuilder
• 13,323,766 (dollar_amount) — aggregate shares beneficially owned by Capital Research Global Investors
• December 29, 2023 (date) — the date of the event requiring the filing
• February 9, 2024 (date) — the filing date of the SC 13G/A

Forward-Looking Statements

• Capital Research Global Investors will maintain a significant stake in D.R. Horton for the foreseeable future. (Capital Research Global Investors) — high confidence, target: 2025-02-09

FAQ

Filing Documents

• SEC13G_Filing.htm (SC 13G/A) — 16KB
• 0001422848-24-000036.txt ( ) — 18KB

From the Filing

SC 13G/A 1 SEC13G_Filing.htm SEC SCHEDULE 13G UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 13G Under the Securities Exchange Act of 1934 (Amendment No. 1 ) * D.R. Horton, Inc. (Name of Issuer) Common Stock (Title of Class of Securities) 23331A109 (CUSIP Number) December 29, 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: [X] 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 (the "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.) CUSIP No. 23331A109 1. NAMES OF REPORTING PERSONS I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS (ENTITIES ONLY) Capital Research Global Investors 95-1411037 2. CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ] (b) [ ] 3. SEC USE ONLY 4. CITIZENSHIP OR PLACE OF ORGANIZATION Delaware NUMBER OF SHARES BENEFICIALLY OWNED BY EACH REPORTING PERSON WITH 5. SOLE VOTING POWER 13,308,227 6. SHARED VOTING POWER 0 7. SOLE DISPOSITIVE POWER 13,323,766 8. SHARED DISPOSITIVE POWER 0 9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON 13,323,766 Beneficial ownership disclaimed pursuant to Rule 13d-4 10. CHECK IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES [ ] 11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (9) 4.0% 12. TYPE OF REPORTING PERSON IA Item 1. (a) Name of Issuer D.R. Horton, Inc. (b) Address of Issuer's Principal Executive Offices 1341 Horton Circle, Arlington, TX 76011 Item 2. (a) Name of Person Filing Capital Research Global Investors (b) Address of Principal Business Office or, if None, Residence 333 South Hope Street, 55th Fl, Los Angeles, CA 90071 (c) Citizenship N/A (d) Title of Class of Securities Common Stock (e) CUSIP Number 23331A109 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (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) [X] An investment adviser in accordance with Rule 240.13d-1(b)(1)(ii)(E); (f) [ ] An employee benefit plan or endowment fund in accordance with Rule 240.13d-1(b)(1)(ii)(F); (g) [ ] A parent holding company or control person in accordance with Rule 240.13d-1(b)(1)(ii)(G); (h) [ ] A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813); (i) [ ] A 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) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(J). Item 4. Ownership. Provide the following information regarding the aggregate number and percentage of the class of securities of the issuer identified in Item 1. (a) Amount Beneficially Owned: 13,323,766 ** (b) Percent of Class: 4.0% (c) Number of shares as to which such person has: (i) sole power to vote or to direct the vote 13,308,227 (ii) shared power to vote or to direct the vote 0 (iii) sole power to dispose or to direct the disposition of 13,323,766 (iv) shared power to dispose or to direct the disposition of 0 **Capital Research Global Investors ("CRGI") is a division of Capital Research and Management Company ("CRMC"), as well as its investment management subsidiaries and affiliates Capital Bank and Trust Company, Capital International, Inc., Capital International Limited, Capital International Sarl, Capital International K.K., Capital Group Private Client Services, Inc., and Capital Group Investment Management Private Limited (together with CRMC, the "investment management entities"). CRGI's divisions of each of the investment management entities collectively provide investment management services under the name "Capital Research Global Investors." CRGI is deemed to be the beneficial owner of 13,323,766 shares or 4.0% of the 332,999,691 shares believed to be outstanding. Item 5. Ownership of Five Percent or Less of Class. If this statement is being filed to report the fact that as of the date hereof th