What smart money is saying about Floor & Decor Holdings, Inc.
3 funds in our archive have pitched Floor & Decor Holdings, Inc., most recently Baron Real Estate Fund in September 2025.
Floor & Decor Holdings, Inc. operates as a multi-channel specialty retailer and commercial flooring distributor of hard surface flooring and related accessories. The company's stores offer tile, wood, laminate, vinyl, and natural stone flooring products, as well as decorative and installation accessories. It serves professional installers, commercial businesses, and do it yourself customers. As of May 5, 2022, the company operated 166 warehouse-format stores and five design studios in 34 states. It also sells products through its Website, FloorandDecor.com. The company was formerly known as FDO Holdings, Inc. and changed its name to Floor & Decor Holdings, Inc. in April 2017. Floor & Decor Holdings, Inc. was founded in 2000 and is headquartered in Atlanta, Georgia.
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Fund signal · last 12 months
9 lettersToo few moves on Floor & Decor Holdings, Inc. yet for a clear signal
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 Q4 2024 and Q3 2026, 10 fund letters reported a position in Floor & Decor Holdings, Inc., with 3 buys (opened or added) and 2 sells (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 2 | 0 | 0 | 0 |
| Q2 2026 | 6 | 1 | 2 | 0 |
| Q1 2026 | 1 | 1 | 0 | 0 |
| Q3 2025 | 0 | 0 | 0 | 1 |
| Q2 2025 | 1 | 1 | 0 | 1 |
| Q4 2024 | 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 · 10 positions · 6 moves
- September 2026
“Key detractors to Montaka’s performance over the period included Floor & Decor and LVMH – both of which are being sold off due to the indirect effects of higher bond yields, in our view.”
Floor & Decor Holdings, Inc. - September 2026
“Key detractors to Montaka’s performance over the period included Floor & Decor and LVMH – both of which are being sold off due to the indirect effects of higher bond yields, in our view.”
Floor & Decor Holdings, Inc. - June 2026
Listed in Montaka Global (Montaka Global Fund’s reported holdings.
Floor & Decor Holdings, Inc. - ExitedBaron Small Cap FundJune 2026
“We sold three positions during the quarter, with the largest disposal being Floor & Decor Holdings, Inc. as existing home sales, a key driver for flooring demand, remain weak and we favor other ways to play a future housing recovery.”
Floor & Decor Holdings, Inc. - ExitedBaron Asset FundJune 2026
“Top net sales for the quarter Quarter End Market Cap or Market Cap When Sold ($B) Net Amount Sold ($M) Fair Isaac Corporation 27.7 23.1 Floor & Decor Holdings, Inc. 5.2 14.3 Booz Allen Hamilton Holding Corporation 7.3 9.7 Amphenol Corporation 216.9 8.9 Gartner, Inc. 8.7 7.5 We reduced our position in Fair Isaac Corporation , which produces the FICO score that is widely used by lenders to evaluate consumers’ creditworthiness, in response to ongoing uncertainty about potential regulatory changes in the mortgage market. We sold our position in Floor & Decor Holdings, Inc. , a retailer of home flooring, over concerns that market demand trends will remain depressed for longer than we had expected.”
Floor & Decor Holdings, Inc. - ExitedBaron Small Cap StrategyJune 2026
“During the quarter, our largest sales were trims of some of our largest and best performing stocks (Vertiv Holdings Co, Legence Corp., The Cheesecake Factory Incorporated, and Cognex Corporation). The weighted average market cap of our decreased positions (20 in total) was approximately $33 billion. We sold three positions during the quarter, with the largest disposal being Floor & Decor Holdings, Inc. as existing home sales, a key driver for flooring demand, remain weak and we favor other ways to play a future housing recovery.”
Floor & Decor Holdings, Inc. - HoldsMontaka Global FundJune 2026
Listed in Montaka Global Fund’s reported holdings.
Floor & Decor Holdings, Inc. - New positionTurtle Creek Asset ManagementJune 2026
“Instead of acquiring other companies, management teams are focusing on a risk-free, no due diligence acquisition of a portion of themselves. To be clear, our companies always prioritize organic growth. But with their surplus capital, and with traded prices as cheap as they are today, the value creation arising from buying back stock is compelling. Buyback announcements have been coming with frequency and, as we speak with our management teams, there is even more discussion about leaning in. Even companies that have never repurchased shares have launched inaugural buyback plans – Floor & Decor, a category killer retailer of flooring products, and Kinsale Capital, a highly efficient and profitable specialty insurance company, have started buying back shares at very attractive prices.”
Floor & Decor Holdings, Inc. - New positionBroyhill AMMarch 2026
“And we established two new positions in the depressed housing industry – Masco and Floor and Décor, as we believe the normalized earnings power of both companies has increased significantly through market share gains and expense efficiencies captured during this extended downturn.”
Floor & Decor Holdings, Inc. - AddedMadison Mid Cap FundJune 2025
“We added to three stocks during the quarter, CDW, Arista Networks, and Floor and Decor.”
Floor & Decor Holdings, Inc.
Fund coverage · 3 theses
- Baron Real Estate FundSeptember 2025
Floor & Decor Holdings, Inc. is poised for significant medium-term growth due to its competitive advantages, expansion plans, pricing power, and attractive valuation despite current market uncertainties.
Read the full thesis - MontakaJune 2025
Floor & Decor is the standout winner in the US hard surface flooring industry, consistently gaining market share due to its specialization, economies of scale, competitive pricing, and strategic store rollout amidst a challenging market environment.
Read the full thesis - MontakaDecember 2024
Floor & Decor is well-positioned for accelerated growth as the US housing market recovers, benefiting from increased demand for home renovation inputs and expanding its store footprint.
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