D.R. Horton (DHI) Stock Concentration Calculator
Calculator · free · no signup · DHIQuantify D.R. Horton concentration risk. Drawdown impact at 30 / 50 / 70%, with the tax-aware trade-off between selling down and hedging.
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Adjust — results update instantly.Position & portfolio
Tax
Most fee-only advisors target ≤10% in any single name. You're at 67%.
Estimates only. Not financial advice.
Most sensitive to: Expected market return (±10% on this input swings best-plan wealth by ±$190,508).
Cost of fully de-concentrating
All three plans sell to 0% (no hedge).Sensitivity. If your expected position return drops below 19.6%/yr, lump-sum (sell everything today) beats every spread plan above.
Have multiple RSU vest lots? The RSU Lot Order Calculator picks which lots to sell first, and on which dates, to divest at the lowest computed tax.
Build your own plan
Toggle below — chart updates live. Sell buttons show the slice.Tech / Software single names hit a 50%+ peak-to-trough drawdown in roughly 1 of every 5 rolling 3-year windows over 2014–2024. Even mega-caps aren’t exempt.
Tax brackets: 2026 · Estimates only — not financial advice.
Estate note. Heirs receive a stepped-up basis at death (§1014), eliminating built-in gain on inherited shares. Older holders who plan to bequeath rather than sell may rationally never de-concentrate.
You sized one position's risk. The beta integrates hedging, sell-down, and tax timing into one optimized plan.
Request beta access →Related calculators: Protect Your Stock Calculator · RSU Lot Order Calculator · Equity Funding Plan Calculator
About D.R. Horton
D.R. Horton (DHI) is a public Real Estate company, incorporated in Delaware and headquartered in Arlington, TX.
Last close: $135 per share (as of 2026-10-03).
Equity grants at D.R. Horton typically include restricted stock units (RSUs).
D.R. Horton, Inc. is an American home construction company based in Arlington, Texas. Since 2002, the company has been the largest homebuilder by volume in the United States. The company ranked number 120 on the 2024 Fortune 500 list of the largest United States corporations by revenue. The company operates in 125 markets across 36 states.
Source: Wikipedia (CC BY-SA 4.0)
Donald Horton built the company from a single Texas market in 1978 into the largest homebuilder in the United States by volume, concentrating on entry-level and first-move-up buyers. Homebuilding is inventory management under interest-rate risk: land is purchased years ahead and homes are built into demand that mortgage rates can change abruptly. Mortgage rate buydowns funded by the builder have become a routine sales tool. Land option contracts limit capital tied up in raw ground. Headquarters are in Arlington, Texas.
Sources: sec.gov · en.wikipedia.org
Equity comp at D.R. Horton
- D.R. Horton's restricted stock units awarded to executive officers use double-trigger vesting: unvested RSUs accelerate (vest immediately) only if two things both happen, a change in control (the company being acquired or merged) occurs, and within 24 months afterward the executive is terminated without cause or resigns for good reason. A change in control by itself does not accelerate vesting. D.R. Horton's named executive officers do not have separate employment, severance, or change-in-control agreements; any additional payments beyond the double-trigger RSU vesting are at the Compensation Committee's discretion.
- RSUs use double-trigger vesting. Two things must both happen before the shares are yours: (1) the normal time-based vesting completes, and (2) the company has a liquidity event (an IPO or an acquisition). Until both happen, you do not yet own the shares and you do not owe tax on them.
Sources: sec.gov · investor.drhorton.com
Researched 2026-08-21.
OptionsAhoy is an independent tool and is not affiliated with, endorsed by, or sponsored by D.R. Horton.
If a meaningful share of your net worth sits in DHI, concentration risk is the question. This calculator quantifies drawdown impact at 30 / 50 / 70%, and the trade-off between selling down (tax cost now) versus hedging (option premium drag), auto-filled with DHI's option-implied volatility.
Example: 5,000 DHI shares at $135 is a $675,000 position. A 30% drawdown costs $202,500; a 50% drawdown costs $337,500; a 70% drawdown costs $472,500. The calculator quantifies the trade-off between selling down (immediate capital-gains tax) and hedging (option premium drag) using DHI's option-implied volatility and your cost basis.
All D.R. Horton tools → · Use the generic Stock Concentration Calculator for any company. Diversifying multiple RSU lots? See the lot-by-lot sell order →
D.R. Horton equity questions
- How much DHI stock is too much?
- There is no single threshold, but the larger the share of your net worth in one stock, the more a single bad year can set back your plans. The calculator above quantifies the drawdown impact at 30, 50, and 70 percent for your DHI position and weighs selling down (which triggers capital-gains tax now) against hedging (which costs option premium).
- Does D.R. Horton grant ISOs, NSOs, or RSUs?
- Equity compensation at D.R. Horton typically takes the form of restricted stock units (RSUs). Restricted stock units are taxed as ordinary income when they vest.
- Do D.R. Horton RSUs use double-trigger vesting?
- Yes. D.R. Horton restricted stock units (RSUs) vest only when two things both happen: the time-based schedule completes, and the company has a liquidity event such as an initial public offering (IPO) or an acquisition. Until both occur you do not own the shares and owe no tax on them.
One piece of the puzzle.
OptionsAhoy plans your D.R. Horton equity alongside hedging, vesting, and de-concentration, across bullish, neutral, and bearish market scenarios. Free during beta.