What smart money is saying about US Foods
4 funds in our archive have pitched US Foods, most recently Artisan Partners Global Discovery Strategy in September 2026.
US Foods Holding Corp., operating primarily via its subsidiary, US Foods, Inc., is a key marketer and distributor within the United States foodservice market, offering an extensive selection of fresh, frozen, and dry food products alongside various non-food supplies. Its clientele is highly diversified, encompassing independent single and multi-location dining establishments, regional culinary ventures, national restaurant chains, institutional accounts such as hospitals, nursing homes, hotels, motels, country clubs, government and military entities, academic institutions, and certain retail businesses. Data from July 6, 2022, shows the company's operational infrastructure included 70 broadline facilities and 80 cash-and-carry sites. Formed in 2007, US Foods Holding Corp. transitioned from its previous designation, USF Holding Corp., to its current name in February 2016, and maintains its corporate headquarters in Rosemont, Illinois.
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Fund signal · last 12 months
8 lettersToo few moves on US Foods 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, 8 fund letters reported a position in US Foods, with 3 buys (opened or added) and 1 sell (trimmed or exited).
| Quarter | Letters | Bought | Sold | Theses |
|---|---|---|---|---|
| Q3 2026 | 4 | 0 | 1 | 1 |
| Q2 2026 | 2 | 2 | 0 | 2 |
| Q1 2026 | 2 | 1 | 0 | 0 |
| 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 · 8 positions · 6 moves
- September 2026
“US Foods is the second-largest food distributor in the US, serving independent restaurants, national chains, health care providers and hospitality venues. Recent results improved, with EBITDA growing 10% and margins expanding as the company continued to execute on its self-help initiatives. Independent restaurant volume growth accelerated to 5%, supported by strong new account activity. While we continue to see long-term value in the business, we reduced the position following the recent rally as valuation became less compelling and near-term catalysts appeared more limited.”
US Foods - September 2026
“At Climate Week we discussed how JPMorgan’s food- security analysis emphasizes how fertilizer disruptions, planting windows and climate variability can combine to create longer-lasting food-system pressures.1 AI is a potent source of innovation in this regard: ClearBridge holding US Foods, for example, uses AI-driven inventory forecasting to cut food waste.”
US Foods - September 2026
“In addition to Twist Bioscience, notable trims during the quarter were US Foods and Veracyte. US Foods is the second-largest food distributor in the US, serving independent restaurants, national chains, health care providers and hospitality venues. Recent results improved, with EBITDA growing 10% and margins expanding as the company continued to execute on its self-help initiatives. Independent restaurant volume growth accelerated to 5%, supported by strong new account activity. While we continue to see long-term value in the business, we reduced the position following the recent rally as valuation became less compelling and near-term catalysts appeared more limited.”
US Foods - September 2026
“In addition to Twist Bioscience and Veracyte, notable trims included Viking Holdings and US Foods. Viking is a leading operator in river and luxury ocean cruising, with a business model built around affluent US travelers. Unlike peers, Viking emphasizes destination-focused itineraries over onboard amenities, supporting higher profitability. Recent results were solid, with strong demand and pricing, and 2027 bookings running ahead of the prior year. However, unusually low water levels on some major European rivers resulted in cancellations and additional costs, creating near-term uncertainty. Following strong share-price appreciation, we moved to HarvestSM the position based on our valuation framework. US Foods is the second-largest food distributor in the US, serving independent restaurants, national chains, health care providers and hospitality venues. Recent results improved, with EBITDA growing 10% and margins expanding as the company continued to execute on its self-help initiatives. Independent restaurant volume growth accelerated to 5%, supported by strong new account activity. While we continue to see long-term value in the business, we reduced the position following the recent rally as valuation became less compelling and near-term catalysts appeared more limited.”
US Foods - June 2026
“US Foods Holding Corp (USFD) is one of the largest foodservice distributors in the United States and a steady share gainer with independent restaurant, healthcare, and hospitality customers. We like the company's self-help profile: management is executing on a multi-year plan that includes more than $300 million of cost-of-goods savings through 2027, rising private-label penetration, and the scaling of its Pronto next-day delivery program toward $1.5 billion in sales by 2027.1 Together, those initiatives support management's long-term algorithm of double-digit earnings growth with only modest dependence on the restaurant traffic environment. The shares weakened this spring after a modest first-quarter earnings miss amid soft restaurant traffic, and we took advantage to build our position.”
US Foods - New positionCorbyn Investment Management StrategiesJune 2026
“During the quarter, we identified two notable examples of this process in action, purchasing shares of Xylem Inc. (XYL) and US Foods (USFD) across all equity-oriented strategies.”
US Foods - AddedFlexible Equity FundMarch 2026
“ Consumer Staples performed strongly in the period, increasing the weighting, and we added to U.S. Foods (USFD) and Mondelez International (MDLZ).”
US Foods - March 2026
“The single largest positive contribution to returns over the quarter came from US Foods. This food distributor continues to gain market share and reiterated its expectation that its earnings per share would increase at a compound annual rate of 20%. We continue to hold a large position in this company whose shares appear undervalued, particularly relative to its peers (we currently own a short position in one of its rivals).”
US Foods
Also mentioned · 1
These funds discuss US Foods as a competitor, benchmark or comparable, without disclosing a position in it.
- MentionedVela Small Cap FundSeptember 2025
“Also, food distributor, Performance Food Group Company (PFGC), reported strong results in line with an Analyst Day held in May. Double digit revenue growth across all segments was aided by recent acquisitions. The company also confirmed they have entered discussions with US Foods Holding Group (USFD) about the possibility of a combination.”
US Foods
Fund coverage · 4 theses
- Artisan Partners Global Discovery StrategySeptember 2026
US Foods is a large food distributor with improving margins and volume growth, though the valuation became less compelling after the rally.
Read the full thesis - Corbyn Investment Management StrategiesJune 2026
US Foods is a scaled national food distributor with consistent earnings and free cash flow growth, supported by management initiatives to expand and improve the business.
Read the full thesis US Foods Holding Corp is a leading foodservice distributor with self-help initiatives that support double-digit earnings growth.
Read the full thesis- Artisan US Mid Cap Growth StrategyDecember 2024
US Foods is poised for continued margin growth and enhanced profitability through operational improvements and strategic initiatives in the competitive food distribution industry.
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