AS
LONGINSIDER SELLAMER SPORTS INC
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
PositiveAmer Sports delivered a strong Q1 2026 beat with 32% revenue growth and raised full-year guidance to 20-22%, demonstrating robust momentum across Technical Apparel and Outdoor Performance segments. However, material headwinds include a $50.5M debt extinguishment loss, sharp margin compression in Ball & Racquet (7.3% to 3.6%), and elevated net finance costs of $80.5M that mask underlying operational strength.
Red flags
- •Ball & Racquet segment operating margin collapsed 370 bps to 3.6% despite 13% revenue growth, signaling profitability deterioration
- •Net finance costs of $80.5M including $50.5M debt loss heavily weigh on reported earnings despite strong operating performance
- •Lock-up expiry on 557.7M shares (May 17) creates potential dilution overhang; CEO insider selling on April 16 may signal caution
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Point72 | Steve Cohen | 9.9M | +9.9M | $326M | 0.6% | — | NEW |
| Viking Global | Andreas Halvorsen | 7.3M | +2.5M | $239M | 0.7% | +51% | Existing |
| Soros Fund Management | Soros Family Office | 41K | +41K | $1M | <0.1% | — | NEW |
Shares Held and Position Value reflect total quarter-end holdings. ∆ Shares is the change from the prior quarter. % of Fund is the position's share of the fund's reported equity portfolio — it drives the size weighting in the conviction score.
Portfolio Context
Where AS ranks in each buying fund's book, and the positions immediately around it. What a holding sits next to often says more about the thesis than the position size does.
position #19 of this fund's book
- 16MKS INC.$370M
- 17HOME DEPOT INC$369M
- 18ANALOG DEVICES INC$361M
- 19AMER SPORTS INC$326M
- 20PROCTER & GAMBLE CO$303M
- 21T-MOBILE US INC$303M
- 22COMFORT SYS USA INC$302M
Values are quarter-end position sizes. Shown only for funds where AS ranks inside their 40 largest equity positions — below that, neighbouring names carry no signal. Adjacency is an inference about a fund's reasoning, not a disclosure of it.
Insider Activity
| Name | Title | Type | Shares | Price | Value | Filed | Src |
|---|---|---|---|---|---|---|---|
| Zheng Jie (James) | Chief Executive Officer | SELL | 500K | $34.42 | $17.21M | 2026-06-03 | ↗ |
| Chen Wen-Chang (Victor) | Chief Strategy Officer | SELL | 13K | $35.62 | $0.47M | 2026-06-01 | ↗ |
| Haselden Stuart | CEO of Arc'teryx Equipment | SELL | 200K | $35.58 | $7.12M | 2026-06-01 | ↗ |
| Haselden Stuart | CEO of Arc'teryx Equipment | SELL | 15K | $35.43 | $0.54M | 2026-06-01 | ↗ |
| Page Andrew E | Chief Financial Officer | SELL | 97K | $36.75 | $3.58M | 2026-05-26 | ↗ |
| Page Andrew E | Chief Financial Officer | SELL | 8K | $36.78 | $0.28M | 2026-05-26 | ↗ |
| Karlsson Jutta C | General Counsel | SELL | 662 | $36.26 | $0.02M | 2026-04-16 | ↗ |
| Haselden Stuart | CEO of Arc'teryx Equipment | SELL | 11K | $36.26 | $0.41M | 2026-04-16 | ↗ |
| Page Andrew E | Chief Financial Officer | SELL | 6K | $36.26 | $0.22M | 2026-04-16 | ↗ |
| Karlsson Jutta C | General Counsel | SELL | 457 | $33.28 | $0.02M | 2026-04-02 | ↗ |
| Haselden Stuart | CEO of Arc'teryx Equipment | SELL | 7K | $33.28 | $0.22M | 2026-04-02 | ↗ |
| Page Andrew E | Chief Financial Officer | SELL | 2K | $33.28 | $0.07M | 2026-04-02 | ↗ |