Giverny Capital Asset Management Trimmed Its Stake in Installed Building Products (IBP) in Q1

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Soumya Eswaran

Thu, June 18, 2026 astatine 6:54 AM CDT 3 min read

Giverny Capital Asset Management, LLC, an concern absorption company, precocious published its first-quarter 2026 capitalist letter. A transcript tin beryllium downloaded here. The exemplary portfolio fell 6.88% this quarter, compared to the S&P 500's 4.33% decline. Over the past year, the portfolio gained 8.52%, portion the scale accrued by 17.80%. Geopolitical conflicts and ostentation concerns drove quarterly volatility. Despite ongoing uncertainties, the steadfast remains assured that its portfolio companies volition prolong beardown net and support steadfast equilibrium sheets, focusing connected company-specific quality alternatively than short-term fluctuations. Additionally, you tin reappraisal the Portfolio's apical 5 holdings to spot its champion picks for 2026.

In its first-quarter 2026 capitalist letter, Giverny Capital Asset Management highlighted Installed Building Products, Inc. (NYSE:IBP). Installed Building Products, Inc. (NYSE:IBP) is simply a operation institution that engages successful the installation of insulation and different gathering products. On June 17, 2026, Installed Building Products, Inc. (NYSE:IBP) closed astatine $211.31 per share. One-month instrumentality of Installed Building Products, Inc. (NYSE:IBP) was -2.55%, and its shares gained 29.13% implicit the past 52 weeks. Installed Building Products, Inc. (NYSE:IBP) has a marketplace capitalization of $5.69 billion.

Giverny Capital Asset Management stated the pursuing regarding Installed Building Products, Inc. (NYSE:IBP) successful its Q1 2026 capitalist letter:

"In summation to these 2 changes, we had immoderate tiny trims and additions to existing positions. We trimmed Installed Building Products, Inc. (NYSE:IBP) during the 4th aft CEO Jeff Edwards announced the merchantability of a information of his holdings aft a large run-up successful the banal price. We did the same. IBP remains a ample holding and we stay fans of management."

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Installed Building Products, Inc. (NYSE:IBP) is not connected our database of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 36 hedge money portfolios held Installed Building Products, Inc. (NYSE:IBP) astatine the extremity of the archetypal quarter, up from 32 successful the erstwhile quarter. While we admit the imaginable of Installed Building Products, Inc. (NYSE:IBP) arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you're looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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