Investment Advisor Closes Out Position in TREX Stock, According to Latest SEC Filing

2 hours ago 1

Jake Lerch, The Motley Fool

Mon, May 18, 2026 astatine 10:35 AM CDT 4 min read

On May 15, 2026, Kanen Wealth Management LLC disclosed successful an SEC filing that it sold retired of Trex Company (NYSE:TREX), unloading 250,000 shares successful a commercialized estimated astatine $10.06 cardinal based connected the quarterly mean price.

What happened

According to an SEC filing dated May 15, 2026, Kanen Wealth Management LLC sold its full 250,000-share involvement successful Trex Company during the archetypal quarter. The estimated transaction worth is $10.06 million, based connected mean stock prices wrong the quarter. The quarter-end presumption worth decreased by $8.83 million, a fig that includes some the merchantability and movements successful Trex Company’s banal price.

What other to cognize

This was a implicit sale; Trex Company present represents 0% of the fund’s 13F reportable assets

Top holdings aft the filing:

NYSE:COMP: $46.85 cardinal (16.8% of AUM)
NASDAQ:ALLT: $30.99 cardinal (11.1% of AUM)
NYSE:BNED: $30.23 cardinal (10.9% of AUM)
NASDAQ:POWW: $23.50 cardinal (8.5% of AUM)
NASDAQ:INSE: $19.12 cardinal (6.9% of AUM)

As of May 15, 2026, shares were priced astatine $37.44, down 37.6% implicit the past year, underperforming the S&P 500 by 62.8 percent points

Trex Company reported trailing twelve-month gross of $1.17 cardinal and nett income of $190.41 million

The money reported 36 positions and $278.05 cardinal successful 13F assets arsenic of March 31, 2026

Company overview

Metric

Value

Price (as of marketplace adjacent May 15, 2026)	$37.44
Market capitalization	$3.89 billion
Revenue (TTM)	$1.18 billion
Net income (TTM)	$191.38 million

Company snapshot

Trex Company manufactures and distributes composite decking, railing systems, fencing, and outdoor surviving accessories, with cardinal merchandise lines including Trex Transcend, Trex Select, and Trex Enhance.
The institution generates gross chiefly done the merchantability of branded outdoor gathering products to residential and commercialized markets, leveraging a operation of nonstop sales, wholesale distributors, retail lumber dealers, and large location betterment retailers.
Primary customers see homeowners, builders, contractors, and commercialized clients seeking durable, low-maintenance outdoor solutions successful the United States.

Trex Company is simply a starring supplier of composite decking and outdoor surviving products, serving some residential and commercialized markets crossed the United States. The institution leverages a multi-channel organisation strategy and beardown marque designation to support a competitory presumption successful the operation materials industry. Its absorption connected innovation and licensing partnerships supports continued maturation and merchandise diversification.

What this transaction means for investors

Kanen Wealth Management, a Florida-based concern advisory firm, precocious disclosed the merchantability of astir 250,000 shares of Trex stock, valued astatine astir $10.1 million, during the archetypal 4th (the 3 months ended March 31, 2026). Here are immoderate cardinal takeaways for investors.

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