
What smart money is saying about Heidelberg Materials AG
3 funds in our archive have pitched Heidelberg Materials AG — most recently Artisan Global Value Strategy in December 2025.
Heidelberg Materials AG, together with its subsidiaries, produces and distributes cement, aggregates, ready-mixed concrete, and asphalt worldwide. It provides cement products; natural stone aggregates, including sand and gravel; crushed aggregates comprising stone chippings and crushed stones; and ready-mixed concrete for use in the construction of tunnels or bridges, office buildings, or schools, as well as to produce precast concrete parts, such as stairs, ceiling elements, or structural components. The company offers asphalt; and trades in cement, clinker, secondary cementitious materials, solid, alternative fuels, other building materials, and additives. The company was formerly known as HeidelbergCement AG and changed its name to Heidelberg Materials AG in May 2023. Heidelberg Materials AG was founded in 1873 and is headquartered in Heidelberg, Germany.
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Position history
Between Q1 2025 and Q2 2026, 3 fund letters reported a position in Heidelberg Materials AG — 1 trimmed or exited.
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q2 2026 | 3 | 0 | 1 | 0 |
| Q4 2025 | 0 | 0 | 0 | 2 |
| Q1 2025 | 0 | 0 | 0 | 1 |
Fund activity · 3 positions · 1 move
- ExitedClearBridge Investments International Growth EAFE StrategyJune 2026
“We also closed positions in SAP in IT, Agnico Eagle Mines and Heidelberg Materials in materials and Wuxi AppTec in health care.”
Read the letterHeidelberg Materials AG - HoldsArtisan Partners Select Equity StrategyJune 2026
“Our three worst contributors during the quarter were Shell, Marsh and Heidelberg Materials.”
Read the letterHeidelberg Materials AG - HoldsArtisan Partners US Select Equity FundJune 2026
“Heidelberg Materials was down 6% this quarter.”
Read the letterHeidelberg Materials AG
Fund coverage · 3 theses
- Artisan Global Value StrategyDecember 2025
Heidelberg Materials is a global cement producer with pricing power, European recovery potential, and margin upside from ETS-driven price increases given its lower CO2 intensity.
Read the full thesis - Clearbridge International Growth ADR StrategyDecember 2025
Heidelberg Materials is a German building materials supplier with potential margin upside from better utilization and decarbonization advantages amid a stimulus-driven recovery.
Read the full thesis - Tamim Fund Global High ConvictionMarch 2025
Heidelberg Materials AG is a leading global building materials company poised to benefit from increased infrastructure spending and innovative low-carbon initiatives, offering compelling value at a P/E ratio of 13.2 while delivering sustainable financial performance and strong shareholder returns.
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