Gildin's HanesBrands Integration in Focus as Major Holder Sells 137,548 Shares

2 weeks ago 17

Jonathan Ponciano, The Motley Fool

Thu, December 4, 2025 astatine 11:41 AM CST 5 min read

Connecticut-based Ararat Capital Management sold 137,548 shares of Gildan Activewear successful the 3rd quarter
In airy of the transaction, the wide presumption worth of the banal fell by $4.9 million.
The money present holds 217,685 Gildan shares worthy $12.6 million, making it the fund's fifth-largest holding.
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Connecticut-based Ararat Capital Management chopped its involvement successful Gildan Activewear (NYSE:GIL) by 137,548 shares successful the 3rd quarter, reducing its presumption by astir $4.9 million, according to a November 14 SEC filing.

According to the SEC filing dated November 14, Ararat Capital Management LP reduced its vulnerability to Gildan Activewear by selling 137,548 shares during the 3rd quarter. The position’s worth declined by $4.9 million, leaving the money with 217,685 shares valued astatine $12.6 cardinal arsenic of September 30.

Ararat Capital Management’s Gildan Activewear involvement present represents 6.7% of its 13F reportable AUM, ranking arsenic its fifth-largest position.

Top holdings aft the filing:

NYSE:BY: $18.8 cardinal (10.1% of AUM)
NASDAQ:LZ: $17.8 cardinal (9.5% of AUM)
NASDAQ:DRVN: $17.7 cardinal (9.5% of AUM)
NYSE:PLOW: $13.6 cardinal (7.3% of AUM)
NYSE:GIL: $12.6 cardinal (6.7% of AUM)

As of Thursday, shares were priced astatine $58.52, up astir 17% implicit the past twelvemonth and somewhat outperforming the S&P 500, which is up astir 13% successful the aforesaid period.

Metric

Value

Price (as of Thursday)	$58.52
Market Capitalization	$10.9 billion
Revenue (TTM)	$3.4 billion
Net Income (TTM)	$475.1 million

Gildan produces and sells activewear, hosiery, underwear, and related apparel nether brands including Gildan, American Apparel, GoldToe, and Comfort Colors.
The institution generates gross chiefly done wholesale organisation to surface printers, embellishers, retailers, and manner brands.
It serves wholesale distributors, surface printers, and large retailers crossed North America, Europe, Asia-Pacific, and Latin America.

Gildan Activewear Inc. is simply a starring planetary shaper of basal apparel, leveraging standard and vertical integration to present cost-efficient products crossed aggregate geographies. The institution focuses connected supplying high-volume, high-quality activewear and hosiery to a divers lawsuit base, supporting some branded and private-label offerings. Its competitory vantage lies successful operational efficiency, extended distribution, and a beardown portfolio of recognized brands.

Ararat's determination looks precise overmuch similar it could beryllium a recalibration alternatively than a nonaccomplishment of conviction, particularly arsenic Gildan enters a materially antithetic signifier of growth. With the HanesBrands acquisition present completed—doubling the company’s standard and introducing astatine slightest $200 cardinal successful run-rate outgo synergies according to the December 1 announcement—Gildan is efficaciously transforming from a low-cost apparel shaper into a broader planetary powerhouse. That displacement changes the risk–reward illustration successful ways that whitethorn reasonably punctual funds to rebalance adjacent if the semipermanent communicative is strengthening.

Ararat Capital’s trimmed involvement present represents 6.7% of assets, inactive a top-five holding. Meanwhile, Gildan's third-quarter gross reached a grounds $911 million, though nett net fell to $120.2 cardinal from $131.5 cardinal 1 twelvemonth earlier, a motion that the halfway concern remains cyclical adjacent arsenic Gildan integrates HanesBrands’ immense portfolio—including iconic names similar Champion, Maidenform, and Playtex. Still, the combined level gives Gildan a deeper moat, broader distribution, and improved vertical integration crossed the Western Hemisphere.