HBK entities (NYSE: BLD) report prior 9% TopBuild stake and now zero ownership

Rhea-AI Filing Summary

HBK Investments L.P., HBK Services LLC, and HBK Management LLC report that they currently have 0% beneficial ownership of TopBuild Corp. common stock, with no sole or shared voting or dispositive power over any shares.

The filing notes that, as of June 30, 2026, HBK Investments may have been deemed to beneficially own 2,534,000 shares (then approximately 9.0% of the outstanding common stock) and HBK Services and HBK Management may have been deemed to beneficially own 2,625,000 shares (then approximately 9.4%). These percentages were calculated using 28,024,568 shares of TopBuild common stock outstanding as of May 26, 2026.

Key Figures

HBK Investments prior beneficial ownership: 2,534,000 shares HBK Services & HBK Management prior beneficial ownership: 2,625,000 shares Ownership percentage currently reported: 0% +1 more

4 metrics

HBK Investments prior beneficial ownership 2,534,000 shares May have been deemed beneficially owned as of June 30, 2026; about 9.0% of common stock

HBK Services & HBK Management prior beneficial ownership 2,625,000 shares May have been deemed beneficially owned as of June 30, 2026; about 9.4% of common stock

Ownership percentage currently reported 0% Percent of TopBuild common stock class currently reported as beneficially owned by each HBK entity

Shares outstanding baseline 28,024,568 shares TopBuild common stock outstanding as of May 26, 2026, used to compute HBK ownership percentages

Key Terms

beneficial owner, dispositive power, Investment Adviser, Schedule 13G, +1 more

5 terms

beneficial owner regulatory

"for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 (the "Act"), the beneficial owner of any shares"

A beneficial owner is the person who ultimately owns or controls a financial asset or property, even if their name isn't directly on official documents. Think of it like someone who secretly holds the keys to a safe deposit box—others may appear to have access, but the true owner is the one who benefits from what's inside. Identifying beneficial owners helps ensure transparency and prevent illegal activities like money laundering or fraud.

dispositive power regulatory

"Sole Dispositive Power 0.00 8 | Shared Dispositive Power 0.00"

Dispositive power is the authority to decide the final outcome of an asset, legal claim, contract, or corporate action — in effect the power to dispose of or resolve something. For investors it matters because whoever holds that authority can determine who gets paid, who controls an asset or vote, and how risks and returns are allocated; think of it like holding the key that lets you lock in the winner or loser in a deal.

Investment Adviser financial

"12 IA, Comment for : The information set forth on this cover page"

An investment adviser is a person or firm that professionally manages money and gives recommendations about buying, selling, or holding investments. Like a financial coach or guide, they have a legal duty to act in a client's best financial interest, so their advice, fees and potential conflicts can directly affect returns and risk — making their role important for investors who want informed, accountable help with portfolios.

Schedule 13G regulatory

"pursuant to which they have agreed to file this jointly in accordance with the provisions of Rule 13d-1(k)"

A Schedule 13G is a formal document that investors file with the government when they acquire a large ownership stake in a company, usually for investment purposes rather than control. It helps keep the public informed about who owns significant parts of a company's shares, which can influence how the company is managed and how investors make decisions. Filing this schedule is important for transparency and understanding the ownership landscape of publicly traded companies.

Joint Filing Agreement regulatory

"The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this"

FAQ

What ownership in TopBuild Corp. (BLD) do the HBK entities currently report?

The HBK entities report 0% beneficial ownership of TopBuild Corp. common stock, with no sole or shared voting or dispositive power over any shares as reflected in the Schedule 13G ownership section.

How many TopBuild (BLD) shares did HBK Investments previously report as potentially beneficially owned?

As of June 30, 2026, HBK Investments may have been deemed to beneficially own 2,534,000 shares of TopBuild common stock, representing about 9.0% of the outstanding shares at that time.

What prior stake in TopBuild (BLD) did HBK Services and HBK Management report?

As of June 30, 2026, HBK Services and HBK Management may each have been deemed to beneficially own 2,625,000 shares of TopBuild common stock, representing approximately 9.4% of the shares outstanding at that time.

What TopBuild (BLD) share count was used to calculate HBK’s ownership percentages?

Ownership percentages were calculated using 28,024,568 shares of TopBuild common stock outstanding as of May 26, 2026, as reported in a TopBuild Form 8-K filed on June 29, 2026.

Who are the reporting persons in this TopBuild (BLD) Schedule 13G?

The reporting persons are HBK Investments L.P., HBK Services LLC, and HBK Management LLC. HBK Investments and HBK Services act as investment managers, and HBK Management serves as general partner or managing member.

What is the role of the Joint Filing Agreement in the TopBuild (BLD) 13G?

The reporting persons entered into a Joint Filing Agreement, filed as Exhibit 99.1, under which they agreed to file this Schedule 13G jointly in accordance with Rule 13d-1(k) under the Securities Exchange Act of 1934.

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Available on EDGAR 08/14/2026 - 02:01 PM Accepted by SEC EDGAR 08/14/2026 - 02:00 PM Learn about SEC filing dates

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

TopBuild Corp.

(Name of Issuer)

Common Stock, par value $0.01 per share

(Title of Class of Securities)

89055F103

(CUSIP Number)

06/30/2026

(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)

schemaVersion:

SCHEDULE 13G

CUSIP Number(s): 89055F103

1

Names of Reporting Persons

HBK INVESTMENTS L P

2

Check the appropriate box if a member of a Group (see instructions)

(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 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA, PN

Comment for Type of Reporting Person: The information set forth on this cover page reflects information as of the close of business as of the date hereof. As of June 30, 2026, the Reporting Person may have been deemed to beneficially own 2,534,000 shares of common stock, par value $0.01 per share, (the "Common Stock") of TopBuild Corp., representing 9.0% of the shares of Common Stock outstanding as of such time.

SCHEDULE 13G

CUSIP Number(s): 89055F103

1

Names of Reporting Persons

HBK Services LLC

2

Check the appropriate box if a member of a Group (see instructions)

(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 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

IA, OO

Comment for Type of Reporting Person: The information set forth on this cover page reflects information as of the close of business as of the date hereof. As of June 30, 2026, the Reporting Person may have been deemed to beneficially own 2,625,000 shares of Common Stock, representing 9.4% of the shares of Common Stock outstanding as of such time.

SCHEDULE 13G

CUSIP Number(s): 89055F103

1

Names of Reporting Persons

HBK Management LLC

2

Check the appropriate box if a member of a Group (see instructions)

(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 0.00
6	Shared Voting Power 0.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 0.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

0.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

0 %

12

Type of Reporting Person (See Instructions)

HC, OO

Comment for Type of Reporting Person: The information set forth on this cover page reflects information as of the close of business as of the date hereof. As of June 30, 2026, the Reporting Person may have been deemed to beneficially own 2,625,000 shares of Common Stock, representing 9.4% of the shares of Common Stock outstanding as of such time.

SCHEDULE 13G

Item 1.
(a)	Name of issuer: TopBuild Corp.
(b)	Address of issuer's principal executive offices: 475 North Williamson Boulevard, Daytona Beach, Florida 32114
Item 2.
(a)	Name of person filing: This statement is filed by: (i) HBK Investments L.P., a Delaware limited partnership ("HBK Investments"); (ii) HBK Services LLC, a Delaware limited liability company ("HBK Services"); and (iii) HBK Management LLC, a Delaware limited liability company ("HBK Management" and together with HBK Investments and HBK Services, the "Reporting Persons"). HBK Investments serves as investment manager to certain funds and an account that held certain of the shares of Common Stock of TopBuild Corp. reported herein and delegated discretion to vote and dispose of the shares of Common Stock held by the funds and the account to HBK Services. HBK Services serves as investment manager to another account that held certain of the shares of Common Stock reported herein. HBK Services may have, from time to time, delegated investment discretion to vote and dispose of certain shares of Common Stock reported herein to HBK New York LLC, a Delaware limited liability company, HBK Virginia LLC, a Delaware limited liability company, or HBK Europe Management LLP, a limited liability partnership organized under the laws of the United Kingdom (collectively, the "Subadvisors"). Each of HBK Services and the Subadvisors is under common control with HBK Investments. HBK Management serves as the general partner of HBK Investments and managing member of HBK Services. Any disclosures herein with respect to persons other than the Reporting Persons are made on information and belief after making inquiry to the appropriate party. Neither the filing of this statement nor anything herein shall be construed as an admission that any of the foregoing persons is or was, for the purposes of Section 13(d) or 13(g) of the Securities Exchange Act of 1934 (the "Act"), the beneficial owner of any shares of Common Stock reported herein. The Reporting Persons have entered into a Joint Filing Agreement, a copy of which is filed with this Schedule 13G as Exhibit 99.1, pursuant to which they have agreed to file this Schedule 13G jointly in accordance with the provisions of Rule 13d-1(k) of the Act.
(b)	Address or principal business office or, if none, residence: The address of the business office of each of the Reporting Persons is 2300 North Field Street, Suite 2200, Dallas, Texas 75201.
(c)	Citizenship: HBK Investments is a Delaware limited partnership. HBK Services and HBK Management are Delaware limited liability companies.
(d)	Title of class of securities: Common Stock, par value $0.01 per share
(e)	CUSIP Number(s): 89055F103
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-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)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations 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)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: The information required by Item 4(a) is set forth in Row 9 of the cover page for each of the Reporting Persons and is incorporated herein by reference. The percentage set forth in this Schedule 13G as of June 30, 2026, is calculated based upon an aggregate of 28,024,568 shares of Common Stock outstanding as of May 26, 2026, as reported in TopBuild Corp.'s Current Report on Form 8-K filed with the Securities and Exchange Commission on June 29, 2026.
(b)	Percent of class: 0%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: The information required by Item 4(c)(i) is set forth in Row 5 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(ii) Shared power to vote or to direct the vote: The information required by Item 4(c)(ii) is set forth in Row 6 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iii) Sole power to dispose or to direct the disposition of: The information required by Item 4(c)(iii) is set forth in Row 7 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
	(iv) Shared power to dispose or to direct the disposition of: The information required by Item 4(c)(iv) is set forth in Row 8 of the cover page for each of the Reporting Persons and is incorporated herein by reference.
Item 5.	Ownership of 5 Percent or Less of a Class.
	Ownership of 5 percent or less of a class
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	If any other person is known to have the right to receive or the power to direct the receipt of dividends from, or the proceeds from the sale of, such securities, a statement to that effect should be included in response to this item and, if such interest relates to more than 5 percent of the class, such person should be identified. A listing of the shareholders of an investment company registered under the Investment Company Act of 1940 or the beneficiaries of employee benefit plan, pension fund or endowment fund is not required. See Item 2(a).
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See Item 2(a) and Item 3.
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under § 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

HBK INVESTMENTS L P

Signature:	/s/ Matthew A. Leffers
Name/Title:	Matthew A. Leffers, Authorized Signatory
Date:	08/14/2026

HBK Services LLC

Signature:	/s/ Matthew A. Leffers
Name/Title:	Matthew A. Leffers, Authorized Signatory
Date:	08/14/2026

HBK Management LLC

Signature:	/s/ Matthew A. Leffers
Name/Title:	Matthew A. Leffers, Authorized Signatory
Date:	08/14/2026

Exhibit Information

Exhibit 99.1: Joint Filing Agreement