Meridian Funds, managed by ArrowMark Partners, released its “Meridian Hedged Equity Fund” third-quarter 2025 investor letter. In the quarter, the fund returned 1.67% (net), compared to 8.13% returns of the S&P 500 Index and 3.53% returns of the secondary benchmark, the CBOE S&P 500 BuyWrite Index.

D.R. Horton, Inc. (NYSE:DHI) is a homebuilding company highlighted in the fund’s letter. The one-month return of D.R. Horton, Inc. (NYSE:DHI) was -6.51%, and its shares gained 2.42% of their value over the last 52 weeks. On December 23, 2025, D.R. Horton, Inc. (NYSE:DHI) stock closed at $144.47 per share.

In its third-quarter 2025 investor letter, Meridian Hedged Equity Fund praised D.R. Horton, Inc. (NYSE:DHI) as the largest homebuilder in the United States by volume, with a strategic focus on the entry-level and first-time buyer segments. The company’s operational efficiency drives strong cash flow generation, enabling significant capital returns to shareholders through buybacks while maintaining a ‘land-light’ strategy that reduces balance sheet risk.

D.R. Horton, Inc. (NYSE:DHI) is not on the list of 30 Most Popular Stocks Among Hedge Funds. 61 hedge fund portfolios held D.R. Horton, Inc. (NYSE:DHI) at the end of the third quarter. While the potential of D.R. Horton, Inc. (NYSE:DHI) as an investment is acknowledged, certain AI stocks offer greater upside potential and carry less downside risk.

Read more at Yahoo Finance: Surprising Results Boosted D.R. Horton (DHI) in Q3