Howard Hughes Holdings Inc. (HHH)

NYSE · Common Stock · Real Estate Investment Trusts

One email a week from me: what it filed, which 13F holders added or cut, where its scores stand. Free.

Corporate structure

316 entities across 9 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-19 — see the exhibit.

Which other public companies file entities in the same places:

Delaware258 Texas24 Maryland22 Hawaii6 Nevada2 California1 Illinois1 Pennsylvania1 Japan1

Subsidiaries of Howard Hughes Holdings Inc. as disclosed in its SEC filing
Entity	Jurisdiction	Note
CCC, LLC	Delaware
/20/30 CCC Parking Deck, LLC	Delaware
CCC Parking Deck, LLC	Delaware
/60/70 CCC Parking Deck, LLC	Delaware
Waterway Holdings, LLC	Delaware
& 25 Waterway Holdings, LLC	Delaware
CC, LLC	Delaware
Halekauwila, LLC	Delaware
Auahi, LLC	Delaware
Queen, LLC	Delaware
Ala Moana, LLC	Delaware
Lake Robbins, LLC	Delaware
WP Holdings, LLC	Delaware
Tuckerton Mob LLC	Delaware
Research Forest Holding Company, LLC	Delaware
LW Holdings, LLC	Delaware
TF Holding Company, LLC	Delaware
New Trails Holdings, LLC	Delaware
Aalii, LLC	Delaware
Aalii Retail, LLC	Delaware
ACB Parking Business Trust	Maryland
Ae O Holdings, LLC	Delaware
Ae O Retail Holdings, LLC	Delaware
Alameda Plaza, LLC	Delaware
AllenTowne Mall, LLC	Delaware
American City Building Business Trust	Maryland
Anaha Management Development Company, LLC	Delaware
Anaha Retail Holdings, LLC	Delaware
Angels Entertainment, LLC	Delaware
API/HHC Lake Robbins Holdings Company, LLC	Delaware
Auahi Shops, LLC	Delaware
AV&C Hughes HHH Member LLC	Delaware
Beverage Operations, Inc.	Texas
BL Mass Timber Office, LLC	Delaware
BL Prairieland SFBTR Development Management, LLC	Delaware
BL Prairieland Village SFBTR, LLC	Delaware
BLLV Apartments Holding Company, LLC	Delaware
BLLV Apartments II Holding Company, LLC	Delaware
Block D Ward Village, LLC	Delaware
Block D Ward Village Development Management Company, LLC	Delaware
Block E Ward Village, LLC	Delaware
Block E Ward Village Development Management Company, LLC	Delaware
Block G Ward Village, LLC	Delaware
Block N-West Ward Village, LLC	Delaware
Block N-West Ward Village Development Management Company, LLC	Delaware
BLVG RETAIL I, LLC	Delaware
Bridgeland Construction, LLC	Delaware
Bridgeland Development, LP	Maryland
Bridgeland GL Holdings, LLC	Delaware
Bridgeland GP, LLC	Delaware
Bridgeland Holding Company, Inc.	Delaware
Bridgeland Management Development Company, LLC	Delaware
Clover Acquisitions LLC	Delaware
Cottonwood Mall, LLC	Delaware
Creekside Equities, LLC	Delaware
Creekside Park West Holdings, LLC	Delaware
Crescent Area 1-A Holdings, LLC	Delaware
Crescent Area 1-B Holdings, LLC	Delaware
Crescent Area 1 - Parking Deck 1, LLC	Delaware
CS Apartments Holding Company, LLC	Delaware
CS Apartments II Holding Company, LLC	Delaware
CSPV Holdings, LLC	Delaware
Cypress LA, LLC	Delaware
Discovery Property Company, LLC	Delaware
Douglas Ranch Land Company, LLC	Delaware
Douglas Ranch Development Holding Company, LLC	Delaware
Douglas Ranch Management Development Company LLC	Delaware
DLV/HHPI Summerlin, LLC	Delaware
DTS Office Holdings, LLC	Delaware
Elk Grove Management Development Company, LLC	Delaware
Elk Grove Town Center L.L.C.	Delaware
Elk Grove Town Center, L.P.	Delaware
Emerson Land Business Trust	Maryland
Emerson Land, LLC	Delaware
Fairwood Commercial Development Corporation	Maryland
Fairwood Commercial Development Holding, LP	Maryland
Fairwood Commercial Development Limited Partnership	Maryland
Fairwood Commercial Front Foot Benefit Company, LLC	Maryland
Floreo 36 Retail, LLC	Delaware
Gateway Overlook III Business Trust	Maryland
Grandview SHG LLC	California
GK Ground Lease Holdings, LLC	Delaware
GG DR, L.L.C.	Illinois
Greengate Mall, Inc.	Pennsylvania
Harper’s Choice Business Trust	Maryland
Hexalon Real Estate, LLC	Delaware
HF Holding Company, LLC	Delaware
HF Management Development Company, LLC	Delaware
HH Allison Tower Holding Company, LLC	Delaware
HH Allison Tower Obligor, LLC	Delaware
HH Hackett Tower Holdings, LLC	Delaware
HH Hackett Tower Obligor, LLC	Delaware
HH Hawaii Development Company, LLC	Delaware
HH Lake Robbins Holdings, LLC	Delaware
HH New York Development Company, LLC	Delaware
HH One Hughes Landing, LLC	Delaware
HH Two Hughes Landing, LLC	Texas
HH Wacker Acquisition Company, LLC	Delaware
HH Wacker Management Development Company, LLC	Delaware
HH Warehouse Land Holdings, LLC	Delaware
HH Waterway Land Holdings, LLC	Delaware
HH WHC Holdings, LLC	Delaware
HH Woodlands Tower Holdings, LLC	Delaware
HHC 242 Self-Storage, LLC	Delaware
HHC 2978 Self-Storage, LLC	Delaware
HHC Acquisitions, LLC	Delaware
HHC Beverage Holdings, LLC	Delaware
HHC Block E Member, LLC	Delaware
HHC Constellation Holdings, LLC	Delaware
HHC Douglas Ranch Member, LLC	Delaware
HHC Hughes Landing Retail, LLC	Delaware
HHC Landmark Redevelopment Member, LLC	Delaware
HHC Millennium Six Pines, LLC	Delaware
HHC SL, LLC	Delaware
HHC Summerlin Office Holdings, LLC	Delaware
HHC Travel, LLC	Delaware
HHC Two Hughes Landing, LLC	Delaware
HHC Trillium Member, LLC	Delaware
HHC Ventures, LLC	Delaware
HHC Village 13 Apartments, LLC	Delaware
HHC-VP Holdings, LLC	Delaware
HHC Warehouse Holding Company, LLC	Delaware
HHC-SRG Landmark Redevelopment JV, LLC	Delaware
HHC-SRG Landmark Redevelopment Property Sub, LLC	Delaware
HHH Ultracomm Member, LLC	Delaware
HHMK Development, LLC	Delaware
HHX REM Member, LLC	Delaware
HL Amenities Holdings, LLC	Delaware
HL Beverage Company, LLC	Delaware
HL Champion Holding Company, LLC	Delaware
HL Garage Holdings, LLC	Delaware
HL Multi-Family Holdings, LLC	Delaware
HL Restaurant Row, LLC	Delaware
HL Retail Row, LLC	Delaware
HL-2LE Holding Company, LLC	Delaware
HL-Hotel Holding Company, LLC	Delaware
HLDC Holding Company, LLC	Delaware
Howard Hughes Arizona, Inc.	Delaware
Howard Hughes Hospitality, LLC	Delaware
Howard Hughes Insurance Holdings, LLC	Delaware
Howard Hughes Management, Co. LLC	Delaware
Howard Hughes Management Services Company, LLC	Delaware
Howard Hughes Properties, Inc.	Nevada
Howard Hughes Realty, LLC	Delaware
HRD Development Management, LLC	Delaware
HRD Parking Deck Business Trust	Maryland
HRD Parking, Inc.	Maryland
Kai Investments, LLC	Delaware
Kalae Holding Company LLC	Delaware
Kalae LLC	Delaware
Kapiolani Residential LLC	Delaware
Ke Kilohana Retail Holdings, LLC	Delaware
Kewalo Harbor Development Company, LLC	Delaware
Kewalo Harbor Management Company, LLC	Delaware
Kewalo Harbor, LLC	Hawaii
Kewalo Makai, LLC	Hawaii
Kewalo Op, LLC	Delaware
Koula Management Development Company, LLC	Delaware
Koula Retail, LLC	Delaware
Koula Retail Holdings, LLC	Delaware
KR Holdings, LLC	Delaware
Lake Front North Holding Company, LLC	Delaware
Lake Woodlands Crossing Retail, LLC	Delaware
Lakefront MOB 1, LLC	Delaware
Lakefront South Condos, LLC	Delaware
Lakeland Village Holding Company, LLC	Delaware
Land Trust No. 89433	Hawaii
Land Trust No. 89434	Hawaii
Land Trust No. FHB-TRES 20061 (01)	Hawaii
Land Trust No. FHB-TRES 20062 (02)	Hawaii
Landmark Land Holdings, LLC	Delaware
Landmark Mall L.L.C.	Delaware
Landmark Management Development Company, LLC	Delaware
LFC MOB1, LLC	Delaware
LFN 2103-07 Research Forest, LLC	Delaware
LFN Horizontal, LLC	Delaware
LFN RBB1, LLC	Delaware
LRVC Business Trust	Maryland
Marigold MF I LLC	Delaware
Marigold MF I Development Management LLC	Delaware
Marigold MF I Holdings LLC	Delaware
Merriweather Post Business Trust	Maryland
Millennium Woodlands Phase II, LLC	Delaware
Millennium Woodlands Phase II Member, LLC	Delaware
Monarch City Management Development Company, LLC	Delaware
MPIII Holding Company, LLC	Delaware
MWD 3G1, LLC	Delaware
MWD 3HA, LLC	Delaware
MWD 3LRA, LLC	Delaware
MWD Color Burst Park, LLC	Delaware
MWD 3MFB, LLC	Delaware
MWD 3MFC, LLC	Delaware
MWD 3OA, LLC	Delaware
MWD 3RE2, LLC	Delaware
MWD 4GL, LLC	Delaware
MWD E3, LLC	Delaware
Natick Residence LLC	Delaware
Oakland Ridge Industrial Development Corporation	Maryland
One Lakes Edge Holdings, LLC	Delaware
One Mall North, LLC	Delaware
Pacific Opp, LLC	Delaware
Parcel C Business Trust	Maryland
Parcel C Development LLC	Delaware
Parcel C Property LLC	Delaware
Parcel D Business Trust	Maryland
Parcel D Development LLC	Delaware
Parcel D Property LLC	Delaware
Price Development TRS, Inc.	Delaware
Princeton Land, LLC	Delaware
Princeton Management Development Company, LLC	Delaware
Red Rock Investment, LLC	Nevada
RFD Acquisitions, LLC	Delaware
Riva Row Apartments, LLC	Delaware
Riverwalk Marketplace (New Orleans), LLC	Delaware
Riverwalk Management Development Company, LLC	Delaware
Riverwalk Operating Company, LLC	Delaware
Robinson Kunia Land, LLC	Delaware
Sterrett Building Holdings, LLC	Delaware
Stewart Title of Montgomery County Inc.	Texas
Stone Lake, LLC	Maryland
Summa Insurance Company, Inc.	Texas
Summerlin 1700 Pavilion, LLC	Delaware
Summerlin Centre, LLC	Delaware
Summerlin Centre Apartments, LLC	Delaware
Summerlin Corporation	Delaware
Summerlin Development, LLC	Delaware
Summerlin Development Management Company, LLC	Delaware
Summerlin Downtown SE Quadrant, LLC	Delaware
Summerlin Hospital Medical Center, L.P.	Delaware
Summerlin North GP, LLC	Delaware
Summerlin Operating Company, LLC	Delaware
Summerlin Restaurant, LLC	Delaware
Summerlin South GP, LLC	Delaware
Summerlin Tanager Echo, LLC	Delaware
The Howard Hughes Company, LLC	Delaware
The Howard Hughes Corporation	Delaware
The Howard Hughes Corporation Japan, GK	Japan
The Howard Research And Development Corporation	Maryland
The Hughes Corporation	Delaware
The Launiu, LLC	Delaware
The Launiu Holdco, LLC	Delaware
The Launiu Mezz Holdco, LLC	Delaware
Teravalis Declarant, LLC	Delaware
The Park Ward Village, LLC	Delaware
The Shops At Summerlin North, LP	Delaware
The Shops at Summerlin South, LP	Delaware
The Woodlands Beverage, Inc.	Texas
The Woodlands Commercial Properties Company, LP	Texas
The Woodlands Corporation	Texas
The Woodlands Custom Residential Sales, LLC	Texas
The Woodlands Custom Sales, LP	Texas
The Woodlands GL Holdings, LLC	Delaware
The Woodlands Holding Company, Inc.	Delaware
The Woodlands Hotel Management Company, LLC	Delaware
The Woodlands Land Development Company, L.P.	Texas
The Woodlands Management Development Company, LLC	Delaware
The Woodlands Marketing Services, LLC	Texas
The Woodlands MDA, LLC	Delaware
The Woodlands Operating Company, L.P.	Texas
Three Hughes Landing, LLC	Delaware
Town Center Development Company GP, L.L.C.	Texas
Town Center Development Company, L.P.	Texas
Town Center East Business Trust	Maryland
Town Center East Holdings, LLC	Delaware
Town Center East Parking Lot Business Trust	Maryland
Trillium Development Holding Company, LLC	Delaware
Trillium Land Company, LLC	Delaware
Trillium Management Development Company LLC	Delaware
TTMAZ, LLC	Delaware
TW 1890 Research Forest Holdings, LLC	Delaware
TW-CSP 26424 Strake Holdings, LLC	Delaware
TW-VOGMVC, LLC	Delaware
TWC Commercial Properties, LLC	Delaware
TWC Commercial Properties LP	Delaware
TWC Land Development, LLC	Delaware
TWC Land Development LP	Delaware
TWC Operating, LLC	Delaware
TWC Operating LP	Delaware
TWCPC Holdings GP, L.L.C.	Texas
TWCPC Holdings, L.P.	Texas
TWL-Bridgeland Holding Company, LLC	Delaware
TWLDC Holdings GP, L.L.C.	Texas
TWLDC Holdings, L.P.	Texas
Ulana Ward Village, LLC	Delaware
Victoria Place, LLC	Delaware
Victoria Ward, Limited	Delaware
Victoria Place Management Development Company, LLC	Delaware
Victoria Ward Center L.L.C.	Delaware
Victoria Ward Entertainment Center L.L.C.	Delaware
Victoria Ward Services, Inc.	Delaware
VW Condominium Development, LLC	Delaware
Waiea Management Development Company, LLC	Delaware
Waiea Retail Holdings, LLC	Delaware
Ward Condominium Holdings, LLC	Delaware
Ward Entertainment Center, LLC	Delaware
Ward Gateway-Industrial-Village, LLC	Delaware
Ward Plaza-Warehouse, LLC	Delaware
Ward Management Development Company, LLC	Delaware
Ward Village CK Holdings, LLC	Delaware
Ward Village Commercial, LLC	Delaware
Ward Village Holding Company	Delaware
Ward Village Operating Company, LLC	Delaware
Ward Village Properties, LLC	Delaware
Ward Village Shops, LLC	Delaware
Waterway Ave Partners, L.L.C.	Texas
Waterway Coffee Holdings, LLC	Delaware
Waterway Condo Holdings, LLC	Delaware
Waterway Hotel Beverage Company, LLC	Delaware
Waterway Hotel Holdings, LLC	Delaware
WECCR General Partnership	Texas
WECCR, Inc.	Texas
Wincopin Restaurant Business Trust	Maryland
Woodlands Acquisition, LLC	Texas
Woodlands Office Equities-95, LLC	Texas
Woodlands Sarofim #1, Ltd.	Texas
WRCC Holdings, LLC	Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

PASSReturn on assets positiveROA 1.2%
PASSOperating cash flow positiveOCF 462M
FAILReturn on assets improving2.1% → 1.2%
PASSCash flow exceeds earningsOCF 462M vs NI 124M
PASSLong-term debt ratio falling55.7% → 48.0% of assets
FAILCurrent ratio improvingno data
FAILNo share dilution50M → 56M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.19× → 0.14×

Six-year record

Year	Revenue	Net income	Free cash flow	Gross margin	Shares
FY2021	$1.4B	$48.9M	—	—	54,649,000
FY2022	$1.6B	$184.5M	—	—	50,558,000
FY2023	$1.0B	−$551.8M	—	—	49,568,000
FY2024	$1.8B	$197.7M	—	—	49,912,000
FY2025	$1.5B	$123.9M	—	—	56,046,000

Ownership flow

12 institutions tracked — 8 added, 3 reduced, 1 opened a new position.

Institutional holders of Howard Hughes Holdings Inc. and their share-count change
Manager	Kind	Shares	Change	Value
CITADEL ADVISORS LLC	Hedge fund	469,862	+307,962	$33.6M
BlackRock, Inc.	Index	1,619,333	+139,898	$115.8M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	181,385	+83,687	$13.0M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	22,700	−78,000	$1.6M
MORGAN STANLEY	Active fund	398,224	+62,269	$28.5M
JPMORGAN CHASE & CO	Active fund	84,213	−21,457	$6.2M
STATE STREET CORP	Index	585,843	+13,091	$41.9M
BANK OF AMERICA CORP /DE/	Active fund	294,179	−10,341	$21.0M
FMR LLC	Active fund	10,415	+5,315	$744,578
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	26,729	+1,289	$1.9M
GEODE CAPITAL MANAGEMENT, LLC	Index	600,880	+844	$43.0M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

From 13F filings, which cover institutions managing over $100m and are filed up to 45 days after the quarter ends — so this is a considered position, not a live one, and it is not the whole shareholder register.

Identity

CIK: 0001981792
LEI: 254900TY494BHXIU6M60
FIGI: BBG01HTMDZ54
SIC: 6798 · Real Estate Investment Trusts
Incorporated: DE
Headquarters: THE WOODLANDS, TX

Ownership

Institutional: 93.4%
Institutions: 419
Insiders: 1.1%

Ownership percentages are a vendor aggregate, not a filing — unlike everything else on this page.

Other real estate investment trusts companies

Howard Hughes Holdings Inc. files under SIC 6798 — all 80 real estate investment trusts companies compared on assets and F-score.

Prologis, Inc.PLD Blackstone Real Estate Income Trust, Inc.BSTT WELLTOWER INC.WELL AMERICAN TOWER CORP /MA/AMT Rithm Capital Corp.RITM VICI PROPERTIES INC.VICI

Questions about Howard Hughes Holdings Inc.

How many subsidiaries does Howard Hughes Holdings Inc. file with the SEC?: 316, listed in its most recent exhibit 21. They are incorporated across 9 jurisdictions, led by Delaware, Maryland, Texas. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.
Is Howard Hughes Holdings Inc. financially healthy?: Howard Hughes Holdings Inc. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.
Who are the largest institutional holders of Howard Hughes Holdings Inc.?: Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.

This page is one panel of the terminal

The structure map above is the Corporate Blueprint, and in the desktop it is interactive — click any entity to re-centre the map on it and walk the ownership chain. It sits alongside the screener, the scorecard and the filings lab on one desk, on your machine.

Download the terminal See pricing

Sourced from SEC EDGAR primary filings. Figures are as reported by the company and are not investment advice. Scores are standard published screens computed from those filings; every input is shown above so you can check the arithmetic.

Corporate structure

316 entities across 9 jurisdictions. Read directly from the company’s own 10-K EX-21 filed 2026-02-19 — see the exhibit.

Entity

Jurisdiction

Note

CCC, LLC

Delaware

/20/30 CCC Parking Deck, LLC

Delaware

CCC Parking Deck, LLC

Delaware

/60/70 CCC Parking Deck, LLC

Delaware

Waterway Holdings, LLC

Delaware

& 25 Waterway Holdings, LLC

Delaware

CC, LLC

Delaware

Halekauwila, LLC

Delaware

Auahi, LLC

Delaware

Queen, LLC

Delaware

Ala Moana, LLC

Delaware

Lake Robbins, LLC

Delaware

WP Holdings, LLC

Delaware

Tuckerton Mob LLC

Delaware

Research Forest Holding Company, LLC

Delaware

LW Holdings, LLC

Delaware

TF Holding Company, LLC

Delaware

New Trails Holdings, LLC

Delaware

Aalii, LLC

Delaware

Aalii Retail, LLC

Delaware

ACB Parking Business Trust

Maryland

Ae O Holdings, LLC

Delaware

Ae O Retail Holdings, LLC

Delaware

Alameda Plaza, LLC

Delaware

AllenTowne Mall, LLC

Delaware

American City Building Business Trust

Maryland

Anaha Management Development Company, LLC

Delaware

Anaha Retail Holdings, LLC

Delaware

Angels Entertainment, LLC

Delaware

API/HHC Lake Robbins Holdings Company, LLC

Delaware

Auahi Shops, LLC

Delaware

AV&C Hughes HHH Member LLC

Delaware

Beverage Operations, Inc.

Texas

BL Mass Timber Office, LLC

Delaware

BL Prairieland SFBTR Development Management, LLC

Delaware

BL Prairieland Village SFBTR, LLC

Delaware

BLLV Apartments Holding Company, LLC

Delaware

BLLV Apartments II Holding Company, LLC

Delaware

Block D Ward Village, LLC

Delaware

Block D Ward Village Development Management Company, LLC

Delaware

Block E Ward Village, LLC

Delaware

Block E Ward Village Development Management Company, LLC

Delaware

Block G Ward Village, LLC

Delaware

Block N-West Ward Village, LLC

Delaware

Block N-West Ward Village Development Management Company, LLC

Delaware

BLVG RETAIL I, LLC

Delaware

Bridgeland Construction, LLC

Delaware

Bridgeland Development, LP

Maryland

Bridgeland GL Holdings, LLC

Delaware

Bridgeland GP, LLC

Delaware

Bridgeland Holding Company, Inc.

Delaware

Bridgeland Management Development Company, LLC

Delaware

Clover Acquisitions LLC

Delaware

Cottonwood Mall, LLC

Delaware

Creekside Equities, LLC

Delaware

Creekside Park West Holdings, LLC

Delaware

Crescent Area 1-A Holdings, LLC

Delaware

Crescent Area 1-B Holdings, LLC

Delaware

Crescent Area 1 - Parking Deck 1, LLC

Delaware

CS Apartments Holding Company, LLC

Delaware

CS Apartments II Holding Company, LLC

Delaware

CSPV Holdings, LLC

Delaware

Cypress LA, LLC

Delaware

Discovery Property Company, LLC

Delaware

Douglas Ranch Land Company, LLC

Delaware

Douglas Ranch Development Holding Company, LLC

Delaware

Douglas Ranch Management Development Company LLC

Delaware

DLV/HHPI Summerlin, LLC

Delaware

DTS Office Holdings, LLC

Delaware

Elk Grove Management Development Company, LLC

Delaware

Elk Grove Town Center L.L.C.

Delaware

Elk Grove Town Center, L.P.

Delaware

Emerson Land Business Trust

Maryland

Emerson Land, LLC

Delaware

Fairwood Commercial Development Corporation

Maryland

Fairwood Commercial Development Holding, LP

Maryland

Fairwood Commercial Development Limited Partnership

Maryland

Fairwood Commercial Front Foot Benefit Company, LLC

Maryland

Floreo 36 Retail, LLC

Delaware

Gateway Overlook III Business Trust

Maryland

Grandview SHG LLC

California

GK Ground Lease Holdings, LLC

Delaware

GG DR, L.L.C.

Illinois

Greengate Mall, Inc.

Pennsylvania

Harper’s Choice Business Trust

Maryland

Hexalon Real Estate, LLC

Delaware

HF Holding Company, LLC

Delaware

HF Management Development Company, LLC

Delaware

HH Allison Tower Holding Company, LLC

Delaware

HH Allison Tower Obligor, LLC

Delaware

HH Hackett Tower Holdings, LLC

Delaware

HH Hackett Tower Obligor, LLC

Delaware

HH Hawaii Development Company, LLC

Delaware

HH Lake Robbins Holdings, LLC

Delaware

HH New York Development Company, LLC

Delaware

HH One Hughes Landing, LLC

Delaware

HH Two Hughes Landing, LLC

Texas

HH Wacker Acquisition Company, LLC

Delaware

HH Wacker Management Development Company, LLC

Delaware

HH Warehouse Land Holdings, LLC

Delaware

HH Waterway Land Holdings, LLC

Delaware

HH WHC Holdings, LLC

Delaware

HH Woodlands Tower Holdings, LLC

Delaware

HHC 242 Self-Storage, LLC

Delaware

HHC 2978 Self-Storage, LLC

Delaware

HHC Acquisitions, LLC

Delaware

HHC Beverage Holdings, LLC

Delaware

HHC Block E Member, LLC

Delaware

HHC Constellation Holdings, LLC

Delaware

HHC Douglas Ranch Member, LLC

Delaware

HHC Hughes Landing Retail, LLC

Delaware

HHC Landmark Redevelopment Member, LLC

Delaware

HHC Millennium Six Pines, LLC

Delaware

HHC SL, LLC

Delaware

HHC Summerlin Office Holdings, LLC

Delaware

HHC Travel, LLC

Delaware

HHC Two Hughes Landing, LLC

Delaware

HHC Trillium Member, LLC

Delaware

HHC Ventures, LLC

Delaware

HHC Village 13 Apartments, LLC

Delaware

HHC-VP Holdings, LLC

Delaware

HHC Warehouse Holding Company, LLC

Delaware

HHC-SRG Landmark Redevelopment JV, LLC

Delaware

HHC-SRG Landmark Redevelopment Property Sub, LLC

Delaware

HHH Ultracomm Member, LLC

Delaware

HHMK Development, LLC

Delaware

HHX REM Member, LLC

Delaware

HL Amenities Holdings, LLC

Delaware

HL Beverage Company, LLC

Delaware

HL Champion Holding Company, LLC

Delaware

HL Garage Holdings, LLC

Delaware

HL Multi-Family Holdings, LLC

Delaware

HL Restaurant Row, LLC

Delaware

HL Retail Row, LLC

Delaware

HL-2LE Holding Company, LLC

Delaware

HL-Hotel Holding Company, LLC

Delaware

HLDC Holding Company, LLC

Delaware

Howard Hughes Arizona, Inc.

Delaware

Howard Hughes Hospitality, LLC

Delaware

Howard Hughes Insurance Holdings, LLC

Delaware

Howard Hughes Management, Co. LLC

Delaware

Howard Hughes Management Services Company, LLC

Delaware

Howard Hughes Properties, Inc.

Nevada

Howard Hughes Realty, LLC

Delaware

HRD Development Management, LLC

Delaware

HRD Parking Deck Business Trust

Maryland

HRD Parking, Inc.

Maryland

Kai Investments, LLC

Delaware

Kalae Holding Company LLC

Delaware

Kalae LLC

Delaware

Kapiolani Residential LLC

Delaware

Ke Kilohana Retail Holdings, LLC

Delaware

Kewalo Harbor Development Company, LLC

Delaware

Kewalo Harbor Management Company, LLC

Delaware

Kewalo Harbor, LLC

Hawaii

Kewalo Makai, LLC

Hawaii

Kewalo Op, LLC

Delaware

Koula Management Development Company, LLC

Delaware

Koula Retail, LLC

Delaware

Koula Retail Holdings, LLC

Delaware

KR Holdings, LLC

Delaware

Lake Front North Holding Company, LLC

Delaware

Lake Woodlands Crossing Retail, LLC

Delaware

Lakefront MOB 1, LLC

Delaware

Lakefront South Condos, LLC

Delaware

Lakeland Village Holding Company, LLC

Delaware

Land Trust No. 89433

Hawaii

Land Trust No. 89434

Hawaii

Land Trust No. FHB-TRES 20061 (01)

Hawaii

Land Trust No. FHB-TRES 20062 (02)

Hawaii

Landmark Land Holdings, LLC

Delaware

Landmark Mall L.L.C.

Delaware

Landmark Management Development Company, LLC

Delaware

LFC MOB1, LLC

Delaware

LFN 2103-07 Research Forest, LLC

Delaware

LFN Horizontal, LLC

Delaware

LFN RBB1, LLC

Delaware

LRVC Business Trust

Maryland

Marigold MF I LLC

Delaware

Marigold MF I Development Management LLC

Delaware

Marigold MF I Holdings LLC

Delaware

Merriweather Post Business Trust

Maryland

Millennium Woodlands Phase II, LLC

Delaware

Millennium Woodlands Phase II Member, LLC

Delaware

Monarch City Management Development Company, LLC

Delaware

MPIII Holding Company, LLC

Delaware

MWD 3G1, LLC

Delaware

MWD 3HA, LLC

Delaware

MWD 3LRA, LLC

Delaware

MWD Color Burst Park, LLC

Delaware

MWD 3MFB, LLC

Delaware

MWD 3MFC, LLC

Delaware

MWD 3OA, LLC

Delaware

MWD 3RE2, LLC

Delaware

MWD 4GL, LLC

Delaware

MWD E3, LLC

Delaware

Natick Residence LLC

Delaware

Oakland Ridge Industrial Development Corporation

Maryland

One Lakes Edge Holdings, LLC

Delaware

One Mall North, LLC

Delaware

Pacific Opp, LLC

Delaware

Parcel C Business Trust

Maryland

Parcel C Development LLC

Delaware

Parcel C Property LLC

Delaware

Parcel D Business Trust

Maryland

Parcel D Development LLC

Delaware

Parcel D Property LLC

Delaware

Price Development TRS, Inc.

Delaware

Princeton Land, LLC

Delaware

Princeton Management Development Company, LLC

Delaware

Red Rock Investment, LLC

Nevada

RFD Acquisitions, LLC

Delaware

Riva Row Apartments, LLC

Delaware

Riverwalk Marketplace (New Orleans), LLC

Delaware

Riverwalk Management Development Company, LLC

Delaware

Riverwalk Operating Company, LLC

Delaware

Robinson Kunia Land, LLC

Delaware

Sterrett Building Holdings, LLC

Delaware

Stewart Title of Montgomery County Inc.

Texas

Stone Lake, LLC

Maryland

Summa Insurance Company, Inc.

Texas

Summerlin 1700 Pavilion, LLC

Delaware

Summerlin Centre, LLC

Delaware

Summerlin Centre Apartments, LLC

Delaware

Summerlin Corporation

Delaware

Summerlin Development, LLC

Delaware

Summerlin Development Management Company, LLC

Delaware

Summerlin Downtown SE Quadrant, LLC

Delaware

Summerlin Hospital Medical Center, L.P.

Delaware

Summerlin North GP, LLC

Delaware

Summerlin Operating Company, LLC

Delaware

Summerlin Restaurant, LLC

Delaware

Summerlin South GP, LLC

Delaware

Summerlin Tanager Echo, LLC

Delaware

The Howard Hughes Company, LLC

Delaware

The Howard Hughes Corporation

Delaware

The Howard Hughes Corporation Japan, GK

Japan

The Howard Research And Development Corporation

Maryland

The Hughes Corporation

Delaware

The Launiu, LLC

Delaware

The Launiu Holdco, LLC

Delaware

The Launiu Mezz Holdco, LLC

Delaware

Teravalis Declarant, LLC

Delaware

The Park Ward Village, LLC

Delaware

The Shops At Summerlin North, LP

Delaware

The Shops at Summerlin South, LP

Delaware

The Woodlands Beverage, Inc.

Texas

The Woodlands Commercial Properties Company, LP

Texas

The Woodlands Corporation

Texas

The Woodlands Custom Residential Sales, LLC

Texas

The Woodlands Custom Sales, LP

Texas

The Woodlands GL Holdings, LLC

Delaware

The Woodlands Holding Company, Inc.

Delaware

The Woodlands Hotel Management Company, LLC

Delaware

The Woodlands Land Development Company, L.P.

Texas

The Woodlands Management Development Company, LLC

Delaware

The Woodlands Marketing Services, LLC

Texas

The Woodlands MDA, LLC

Delaware

The Woodlands Operating Company, L.P.

Texas

Three Hughes Landing, LLC

Delaware

Town Center Development Company GP, L.L.C.

Texas

Town Center Development Company, L.P.

Texas

Town Center East Business Trust

Maryland

Town Center East Holdings, LLC

Delaware

Town Center East Parking Lot Business Trust

Maryland

Trillium Development Holding Company, LLC

Delaware

Trillium Land Company, LLC

Delaware

Trillium Management Development Company LLC

Delaware

TTMAZ, LLC

Delaware

TW 1890 Research Forest Holdings, LLC

Delaware

TW-CSP 26424 Strake Holdings, LLC

Delaware

TW-VOGMVC, LLC

Delaware

TWC Commercial Properties, LLC

Delaware

TWC Commercial Properties LP

Delaware

TWC Land Development, LLC

Delaware

TWC Land Development LP

Delaware

TWC Operating, LLC

Delaware

TWC Operating LP

Delaware

TWCPC Holdings GP, L.L.C.

Texas

TWCPC Holdings, L.P.

Texas

TWL-Bridgeland Holding Company, LLC

Delaware

TWLDC Holdings GP, L.L.C.

Texas

TWLDC Holdings, L.P.

Texas

Ulana Ward Village, LLC

Delaware

Victoria Place, LLC

Delaware

Victoria Ward, Limited

Delaware

Victoria Place Management Development Company, LLC

Delaware

Victoria Ward Center L.L.C.

Delaware

Victoria Ward Entertainment Center L.L.C.

Delaware

Victoria Ward Services, Inc.

Delaware

VW Condominium Development, LLC

Delaware

Waiea Management Development Company, LLC

Delaware

Waiea Retail Holdings, LLC

Delaware

Ward Condominium Holdings, LLC

Delaware

Ward Entertainment Center, LLC

Delaware

Ward Gateway-Industrial-Village, LLC

Delaware

Ward Plaza-Warehouse, LLC

Delaware

Ward Management Development Company, LLC

Delaware

Ward Village CK Holdings, LLC

Delaware

Ward Village Commercial, LLC

Delaware

Ward Village Holding Company

Delaware

Ward Village Operating Company, LLC

Delaware

Ward Village Properties, LLC

Delaware

Ward Village Shops, LLC

Delaware

Waterway Ave Partners, L.L.C.

Texas

Waterway Coffee Holdings, LLC

Delaware

Waterway Condo Holdings, LLC

Delaware

Waterway Hotel Beverage Company, LLC

Delaware

Waterway Hotel Holdings, LLC

Delaware

WECCR General Partnership

Texas

WECCR, Inc.

Texas

Wincopin Restaurant Business Trust

Maryland

Woodlands Acquisition, LLC

Texas

Woodlands Office Equities-95, LLC

Texas

Woodlands Sarofim #1, Ltd.

Texas

WRCC Holdings, LLC

Delaware

Financial health

Two standard screens, computed from the XBRL in FY2025 against FY2024. Every test shows the numbers behind it — a score with its inputs hidden is a number you cannot check.

Piotroski F-score

4 / 7

PASSReturn on assets positiveROA 1.2%
PASSOperating cash flow positiveOCF 462M
FAILReturn on assets improving2.1% → 1.2%
PASSCash flow exceeds earningsOCF 462M vs NI 124M
PASSLong-term debt ratio falling55.7% → 48.0% of assets
FAILCurrent ratio improvingno data
FAILNo share dilution50M → 56M shares
FAILGross margin improvingno gross profit reported
FAILAsset turnover improving0.19× → 0.14×

Year

Revenue

Net income

Free cash flow

Gross margin

FY2021

$1.4B

$48.9M

—

54,649,000

FY2022

$1.6B

$184.5M

—

50,558,000

FY2023

$1.0B

−$551.8M

—

49,568,000

FY2024

$1.8B

$197.7M

—

49,912,000

FY2025

$1.5B

$123.9M

—

56,046,000

Ownership flow

12 institutions tracked — 8 added, 3 reduced, 1 opened a new position.

Institutional holders of Howard Hughes Holdings Inc. and their share-count change
Manager	Kind	Shares	Change	Value
CITADEL ADVISORS LLC	Hedge fund	469,862	+307,962	$33.6M
BlackRock, Inc.	Index	1,619,333	+139,898	$115.8M
AQR CAPITAL MANAGEMENT LLC	Hedge fund	181,385	+83,687	$13.0M
RENAISSANCE TECHNOLOGIES LLC	Hedge fund	22,700	−78,000	$1.6M
MORGAN STANLEY	Active fund	398,224	+62,269	$28.5M
JPMORGAN CHASE & CO	Active fund	84,213	−21,457	$6.2M
STATE STREET CORP	Index	585,843	+13,091	$41.9M
BANK OF AMERICA CORP /DE/	Active fund	294,179	−10,341	$21.0M
FMR LLC	Active fund	10,415	+5,315	$744,578
PRICE T ROWE ASSOCIATES INC /MD/	Active fund	26,729	+1,289	$1.9M
GEODE CAPITAL MANAGEMENT, LLC	Index	600,880	+844	$43.0M

NORGES BANK holds a position with no prior filing to compare against, so its change is unknown rather than zero — and it is left out of the totals above.

Questions about Howard Hughes Holdings Inc.

How many subsidiaries does Howard Hughes Holdings Inc. file with the SEC?

316, listed in its most recent exhibit 21. They are incorporated across 9 jurisdictions, led by Delaware, Maryland, Texas. That exhibit is filed with the company's annual report and is the company's own list, not an estimate.

Is Howard Hughes Holdings Inc. financially healthy?

Howard Hughes Holdings Inc. scores 4 out of 7 on the Piotroski F-score. Only 7 of the nine tests could be computed from what it filed; the rest need a prior year it has not reported. Every test and the numbers behind it are shown above, so the arithmetic is checkable rather than something you have to take on trust.

Who are the largest institutional holders of Howard Hughes Holdings Inc.?

Among the managers tracked here, the biggest positions as of the 2026-Q2 13F filings are BlackRock, Inc. (adding), GEODE CAPITAL MANAGEMENT, LLC (adding), STATE STREET CORP (adding). Direction is the change in share count against that manager's own previous filing; managers with no prior filing are left out rather than counted as new buyers.