What smart money is saying about Fortune Brands Innovations
6 funds in our archive have pitched Fortune Brands Innovations, most recently Longleaf Partners Global Fund in September 2026.
Fortune Brands Innovations, Inc. specializes in providing a diverse array of water, outdoor, and security-focused products. Their extensive offerings encompass solutions for water management, smart connected devices, outdoor living enhancements, material transformation, sustainability efforts, safety, and overall well-being. The company's brand portfolio features well-known names such as Moen, House of Rohl, Aqualisa, Therma-Tru, Larson, Fiberon, Master Lock, and SentrySafe. Established in 1988, Fortune Brands Innovations, Inc. is headquartered in Deerfield, Illinois.
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Fund signal · last 12 months
14 lettersFunds are split between buying and selling
Moves described in fund letters in our archive. A sentence published word for word by several funds of one house in the same quarter counts once.
Position history
Between Q3 2023 and Q3 2026, 14 fund letters reported a position in Fortune Brands Innovations, with 3 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 5 | 1 | 2 | 2 |
| Q2 2026 | 9 | 2 | 0 | 2 |
| Q4 2025 | 0 | 0 | 0 | 1 |
| Q3 2023 | 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 · 16 positions · 6 moves
- September 2026
“While we had trimmed our position into Q2’s stock price strength, we added later in Q3.”
Fortune Brands Innovations - September 2026
“Fortune Brands Innovations (FBIN) – Building products company FBIN saw its stock price decline in Q3, retracing Q2’s positive move related to excitement over Jesse Singh’s appointment as CEO. In August, Singh cut annual earnings guidance for both external and internal reasons. Externally, interest rate increases are pressuring all housing-related companies. Internally, Jesse is temporarily utilizing costly airfreight to ensure customers have proper inventory until temporary inefficiencies in FBIN’s supply chain are fixed. He also decided to reinvest some of FBIN’s tariff refunds into product development spending. We applaud both moves as proper long-term business decisions. While we had trimmed our position into Q2’s stock price strength, we added later in Q3.”
Fortune Brands Innovations - ExitedBaron Real Estate FundSeptember 2026
“Top net sales for the quarter Quarter End Market Cap or Market Cap When Sold ($B) Net Amount Sold ($M) Fortune Brands Innovations, Inc. 5.4 47.6 Equinix, Inc. 99.8 33.9 Boyd Gaming Corporation 5.9 31.4 Iron Mountain Incorporated 34.4 29.8 James Hardie Industries plc 14.7 29.5 In the most recent quarter, we exited the Fund’s investments in Fortune Brands Innovations, Inc., a leading provider of plumbing, outdoor, and security products for the residential construction and remodel sectors, and Boyd Gaming Corporation, a casino gaming company, and reallocated the capital to other real estate companies that we believe offer superior total return prospects in the next few years.”
Fortune Brands Innovations - HoldsGreenlight CapitalSeptember 2026
“Fortune Brands Innovations dropped 31%, along with its building products peers, amid higher interest rates and weaker construction activity;”
Fortune Brands Innovations - September 2026
“Meanwhile, the investment committee exited positions in building products company Fortune Brands Innovations, energy management, commodities and services company World Kinect, trading company MSC Industrial Direct, and machinery business Timken.”
Fortune Brands Innovations - June 2026
“Non-REIT Real Estate Companies (15.8%) While the Fund emphasizes REITs, we retain flexibility to invest in non-REIT real estate companies, which we typically limit to approximately 25% of net assets. At times these investments may offer more attractive growth, income, valuation, and share price appreciation potential relative to traditional REITs. Current non-REIT holdings include Meritage Homes Corporation , Brookfield Infrastructure Corporation , Marriott Vacations Worldwide Corporation , Fortune Brands Innovations, Inc. , CRH public limited company , Vail Resorts, Inc. , The Home Depot, Inc. , GDS Holdings Limited , and Wyndham Hotels & Resorts, Inc.”
Fortune Brands Innovations - June 2026
“Non-REIT Real Estate Companies (15.8%) While the Strategy emphasizes REITs, we retain flexibility to invest in non-REIT real estate companies, which we typically limit to approximately 25% of net assets. At times these investments may offer more attractive growth, income, valuation, and share price appreciation potential relative to traditional REITs. Current non-REIT holdings include Meritage Homes Corporation , Brookfield Infrastructure Corporation , Marriott Vacations Worldwide Corporation , Fortune Brands Innovations, Inc. , CRH public limited company , Vail Resorts, Inc. , The Home Depot, Inc. , GDS Holdings Limited , and Wyndham Hotels & Resorts, Inc.”
Fortune Brands Innovations - June 2026
“Fortune Brands Innovations is a leading manufacturer of home and security products, with a diverse portfolio of well- known brands.”
Fortune Brands Innovations - June 2026
“• Building products company Fortune Brands outperformed in 2Q26 after announcing a strategic review of its composite decking business and appointing a new CEO with deep industry experience.”
Fortune Brands Innovations - New positionBrandes Small Cap Value FundJune 2026
“the small-cap investment committee added two food products businesses, The Campbell’s Company and Conagra Brands, as well as building products company Fortune Brands Innovations.”
Fortune Brands Innovations - June 2026
“Fortune Brands Innovations is a leading manufacturer of home and security products, with a diverse portfolio of well- known brands. The company sells faucets, shower heads, and other plumbing products with its primary brand being Moen. Other products include security doors, composite decking, locks, and safes. Fortune Brands Innovations has a portfolio of iconic and trusted brands with strong consumer recognition and loyalty. Additionally, the company has a 8www.vulcanvaluepartners.com||205.803.1582 global supply chain, reputation for quality, and strong relationships with distributors, retailers, plumbers, and others in the industry. These brands and relationships have been in place for decades, and the company holds leading market positions in many of its product categories. During the quarter, activist and board member Ed Garden increased his stake in the company, Fortune Brands initiated a strategic review of its composite decking business, and Jesse Singh was announced as the new CEO.”
Fortune Brands Innovations - June 2026
“While we did not lead the charge on the recent positive changes at Fortune Brands (thank you Ed and Arkin at Garden Investments), we did engage behind the scenes in a way that was helpful to all involved as the company worked to get back on track and ended the quarter with a great new CEO hire.”
Fortune Brands Innovations - June 2026
“Fortune Brands contributed for the quarter.”
Fortune Brands Innovations - June 2026
“While we did not lead the charge on the recent positive changes at Fortune Brands (thank you Ed and Arkin at Garden Investments), we did engage behind the scenes in a way that was helpful to all involved as the company worked to get back on track and ended the quarter with a great new CEO hire.”
Fortune Brands Innovations - June 2026
“While we did not lead the charge on the recent positive changes at Fortune Brands (thank you Ed and Arkin at Garden Investments), we did engage behind the scenes in a way that was helpful to all involved as the company worked to get back on track and ended the quarter with a great new CEO hire.”
Fortune Brands Innovations - New positionGreenlight Capital FundsJune 2026
“Fortune Brands Innovations (FBIN) is a building products company whose brands include Moen, Therma-Tru and Master Lock. Over the past several years, both a challenging housing 4 That he refuses to even state what measure of inflation he is using is in a sense a side-show, but may serve to give him additional policy flexibility. 5 And this is not all just crude oil falling. WTI oil has fallen from about $89 to $75 during this stretch. The disinflation impact of this is modest relative to the large change in inflation expectations. Page 4 GREENLIGHT® market and poor execution by prior management led to share losses and profit erosion. Despite these challenges, we believe the company’s brands remain strong and its competitive position is intact. In March, an activist investor joined the board, and in June the company appointed a new CEO with an exceptional track record of value creation in the building products industry. Even without a recovery in housing, we believe new leadership can address the operational issues and grow earnings substantially. While significant share recapture (or a strong housing recovery) would provide additional upside, if FBIN simply achieves the low end of prior management’s mid-cycle margin targets on current revenue, it should support approximately $5 of earnings per share. We acquired our position at an average price of $39.37, or approximately 8x those earnings, while peers trade for almost 20x.”
Fortune Brands Innovations
Fund coverage · 6 theses
- Longleaf Partners Global FundSeptember 2026
Fortune Brands Innovations is a building products company whose new CEO is making long-term business decisions and reinvesting for future competitiveness.
Read the full thesis - Vulcan Value Partners Multi-Strategy Equity PortfoliosSeptember 2026
Fortune Brands Innovations, Inc. owns strong consumer brands and leading market positions, with management changes and a discounted valuation supporting the thesis.
Read the full thesis - Greenlight Capital FundsJune 2026
Fortune Brands Innovations is a building products company whose strong brands, new leadership and inexpensive valuation support a thesis for earnings recovery and upside.
Read the full thesis Fortune Brands Innovations is a home and security products leader with trusted brands, strong distribution relationships, and a new CEO with a strong value-creation track record.
Read the full thesis- Baron Real Estate FundDecember 2025
Fortune Brands Innovations is a leading home products company with strong brands, multiple growth drivers, margin expansion potential, and an attractive valuation supporting mid-teens EPS growth.
Read the full thesis - Bell Global Emerging Companies FundAugust 2023
Fortune Brands is a manufacturer of home and security products with a strong presence in North America, poised for recovery in its key market due to potential Fed rate cuts and lower mortgage rates.
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