According to its latest SEC filing on February 17, 2026, Concorde Financial Corp disclosed in a US Securities and Exchange Commission (SEC) filing that it sold all of its shares in 2026. Howard Hughes Holdings (NYSE:HHH)Based on the quarterly average price of 52,047 shares at an estimated trade of $4.28 million.
Concorde Financial Corp sold its entire stake in Howard Hughes Holdings. As of February 16, 2026, Howard Hughes Holdings shares were priced at $82.15, up 9.5% from last year, underperforming the S&P 500 by 2.3 percentage points. This position was 2.4% of the fund’s assets under management as of the previous quarter.
Top properties after filing:
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NYSE:JPM: $9.16 million (7.1% of AUM)
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NYSE:XOM: $8.03 million (6.2% of AUM)
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NASDAQ:EXE: $7.45 million (5.8% of AUM)
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NYSE:ET: $7.39 million (5.7% of AUM)
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NYSE:ABBV: $7.04 million (5.5% of AUM)
|
Matric |
value |
|---|---|
|
Price (as of market as of February 13, 2026) |
$82.15 |
|
Revenue (TTM) |
1.47 billion dollars |
|
net income (TTM) |
123.9 million dollars |
|
1 year price change |
8.6% |
Howard Hughes Holdings develops, owns, and manages a diverse portfolio of real estate assets, including retail, office, multifamily, and master-planned communities; New York City also operates significant properties in the Port District.
It generates income primarily through property leases, land sales, and development fees, benefiting from long-term community development and a recurring stream of rental income.
Howard Hughes Holdings serves homebuilders, commercial tenants and residential customers in major US markets such as Las Vegas, Houston and Phoenix.
Howard Hughes Holdings is built around a long-term real estate development model. The company controls large land positions in fast-growing markets such as Las Vegas, Houston and Phoenix, where population growth and housing demand can drive up land values over time before most land is fully developed.
Howard Hughes Holdings pays out its communities in stages. It begins by selling residential land parcels to homebuilders, then introduces retail, office, and mixed-use properties as population and demand grow. This approach provides income from land sales and long-term cash flow as communities need shopping, workplaces, and entertainment options.
For investors, the key question is whether Howard Hughes can consistently turn real estate into high valuations and steady business income. When housing demand and migration trends are strong, the model can generate long-term value. However, results may be more cyclical and less predictable than stable property owners, as results will depend on the timing of development, homebuilder demand, and local economic conditions.
