What smart money is saying about TopBuild Corp
1 fund in our archive has pitched TopBuild Corp, most recently Artisan Global Discovery Strategy in December 2025.
TopBuild Corp., together with its subsidiaries, engages in the installation and distribution of insulation and other building products to the construction industry. The company operates in two segments, Installation and Specialty Distribution. It provides insulation products and accessories, glass and windows, rain gutters, afterpaint products, fireproofing products, garage doors, fireplaces, closet shelving, roofing materials, and other products; and insulation installation services. The company also offers various services and tools to assist builders in applying the principles of building science to new home construction, which include pre-construction plan reviews, diagnostic testing, and various inspection services; and home energy rating services. In addition, it distributes building and mechanical insulation, insulation accessories, and other building product materials for the residential, commercial, and industrial end markets. The company serves single-family homebuilders, single-family custom builders, multi-family builders, commercial general contractors, remodelers, and individual homeowners, as well as insulation contractors, gutter contractors, weatherization contractors, other contractors, dealers, metal building erectors, and modular home builders. It operates approximately 235 installation branches and 175 distribution centers in the United States and Canada. The company was formerly known as Masco SpinCo Corp. and changed its name to TopBuild Corp. in March 2015. TopBuild Corp. was incorporated in 2015 and is headquartered in Daytona Beach, Florida.
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Position history
Between Q4 2025 and Q2 2026, 2 fund letters reported a position in TopBuild Corp, with 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 0 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 1 |
Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.
Fund activity · 2 positions · 1 move
- June 2026
“Stock selection within consumer discretionary was also strong, led by Viking Holdings and TopBuild.”
TopBuild Corp - June 2026
“TopBuild, the largest U.S. installer and distributor of insulation, agreed to be acquired by QXO in a cash-and- stock deal valued at a 23% premium to the prior day’s close. Due to the acquisition announcement, we exited the position to purchase Installed Building Products.”
18 more words on why: read Tributary Capital Management Small/Mid Cap Equity Strategy’s full commentTopBuild Corp
Also mentioned · 3
These funds discuss TopBuild Corp as a competitor, benchmark or comparable, without disclosing a position in it.
- September 2026
“TopBuild Corp. (BLD) was acquired by QXO in the period.”
TopBuild Corp - MentionedMar Vista U.S. Quality StrategyJune 2026
“QXO (QXO) shares underperformed during the period as investors remained focused on near-term macroeconomic headwinds, including a sluggish U.S. housing market and persistently elevated interest rates, which continued to pressure residential construction activity and sentiment across the building products sector. The company also announced its transformative acquisition of TopBuild, the leading U.S. installer and specialty distributor of insulation and other building products.”
TopBuild Corp - June 2026
“QXO (QXO) shares underperformed during the period as investors remained focused on near-term macroeconomic headwinds, including a sluggish U.S. housing market and persistently elevated interest rates, which continued to pressure residential construction activity and sentiment across the building products sector. The company also announced its transformative acquisition of TopBuild, the leading U.S. installer and specialty distributor of insulation and other building products.”
TopBuild Corp
Fund coverage · 1 thesis
- Artisan Global Discovery StrategyDecember 2025
TopBuild Corp is entering a strong profit cycle with advantaged scale, tech, and integrations expanding into higher-growth, higher-margin end markets.
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