What smart money is saying about Builders FirstSource
13 funds in our archive have pitched Builders FirstSource — most recently Roboti Value Investors Robotti & Company Advisors Update Letter in June 2026.
Builders FirstSource, Inc. engages in the supply and manufacture of building materials, manufactured components, and construction services to professional homebuilders, sub-contractors, remodelers, and consumers. Its products include factory-built roof and floor trusses, wall panels and stairs, vinyl windows, custom millwork and trim, and engineered wood. The company was founded by Kevin P. O'Meara, Donald F. McAleenan and John D. Roach in March 1998 and is headquartered in Irving, TX.
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Position history
Between Q4 2024 and Q2 2026, 2 fund letters reported a position in Builders FirstSource — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 2 | 0 | 1 | 2 |
| Q1 2026 | 0 | 0 | 0 | 1 |
| Q4 2025 | 0 | 0 | 0 | 3 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 0 | 0 | 0 | 1 |
| Q1 2025 | 0 | 0 | 0 | 3 |
| Q4 2024 | 0 | 0 | 0 | 2 |
Fund activity · 2 positions · 1 move
- HoldsBlack Bear Value Partners Black Bear Value Fund, LPJune 2026
“Builders FirstSource (BLDR) BLDR appreciated approximately 9% during the second quarter but remains down roughly 13% year-to-date amid continued weakness in the housing market.”
Read the letterBuilders FirstSource - ExitedBrown Advisory Global Value Select StrategyJune 2026
“This resulted in the sale of five companies: Mohawk Industries, BuildersFirstSource, Ternium, Swatch, and Henkel.”
Read the letterBuilders FirstSource
Also mentioned · 1
These funds discuss Builders FirstSource — as a competitor, benchmark or comparable — without disclosing a position in it.
- MentionedRoboti Value Investors Robotti & Company Advisors Update LetterJune 2026
“(Builders FirstSource for example) continues to compound value through the inevitable interim drawdowns.”
Read the letterBuilders FirstSource
Fund coverage · 13 theses
- Roboti Value Investors Robotti & Company Advisors Update LetterJune 2026
Builders FirstSource is viewed as a consolidator in building-products distribution benefiting from a structural U.S. housing shortage and long-term value compounding through cycles.
Read the full thesis - Black Bear Value Partners Black Bear Value Fund, LPJune 2026
Builders FirstSource is a building materials supplier for residential construction with improved margins, stronger capital returns, and attractive long-term cash flow potential from a structurally underbuilt U.S. housing market.
Read the full thesis - Black Bear Value FundMarch 2026
Builders FirstSource is a residential building materials supplier with strong free cash flow, a growing value-add mix, and long-term housing shortage tailwinds.
Read the full thesis - Black Bear Value PartnersDecember 2025
Builders FirstSource, Inc. is a leading residential building materials supplier benefiting from structural housing shortages, a higher value-add mix, and strong free cash flow yields.
Read the full thesis - TapasyaDecember 2025
Builders FirstSource is a high-ROIC, FCF-generative consolidator using buybacks and acquisitions in a fragmented market with tailwinds from a U.S. housing deficit.
Read the full thesis - Heartland Value Plus FundDecember 2025
Builders FirstSource is the largest building products distributor with value-added components, insider alignment and buybacks, and significant EPS and EBITDA upside in a housing recovery at an attractive sub-11x EBITDA valuation.
Read the full thesis - Black BearSeptember 2025
Builders FirstSource (BLDR) is well-positioned to benefit from the structural housing shortage in the USA, leveraging its growing value-add business and strong free cash flow to sustain stock buybacks and potential future growth.
Read the full thesis - Black BearJune 2025
Builders FirstSource (BLDR) is well-positioned for growth amid a U.S. housing shortage, leveraging its value-added business model and strong cash flow despite current market headwinds.
Read the full thesis - Giverny CapitalMarch 2025
Builders FirstSource is a leading building products distributor poised for growth due to its efficient services and strong market position, despite current obstacles in the housing market.
Read the full thesis - Black BearMarch 2025
Builders FirstSource (BLDR) is a resilient manufacturer and supplier of building materials capitalizing on a structural housing shortage in the USA while enhancing value-add offerings and utilizing free cash flow to reduce share count.
Read the full thesis - Diamond Hill Small Mid Cap FundMarch 2025
Builders FirstSource is well-positioned to benefit from increasing demand in the construction sector due to a single-family home deficit, supported by innovative digital solutions and potential for share buybacks and acquisitions to enhance shareholder value.
Read the full thesis - Black Bear value partnersDecember 2024
BLDR is a building materials manufacturer shifting towards value-added products, benefiting from a structural housing shortage in the USA and generating significant free cash flow while repurchasing over 40% of its stock.
Read the full thesis - Diamond Hill Long Short FundDecember 2024
Builders FirstSource is a high-quality US lumber and building materials distributor that we believe has temporarily faced macroeconomic challenges
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