PRMB
LONGINSIDER BUYINSIDER SELLPRIMO BRANDS CORPORATION
Research: Finviz ↗·Perplexity ↗
🗄 Viewing archived Q1 2026 data — frozen, no longer refreshed.
News Summary
PositivePrimo Brands delivered solid execution in H1 2026 with consecutive quarterly sales guidance raises (now 2%-4% for FY2026), Q2 EPS beat, and Direct Delivery returning to growth ahead of schedule. However, persistent headwinds from transportation costs and inflationary pressures on commodities are pressuring margins and may require further pricing actions, while adjusted EBITDA growth (5% in Q2) significantly trails revenue growth.
Red flags
- •Adjusted EBITDA margin compression: Q1 comparable EBITDA down 10.4% YoY despite 1.7% sales growth; Q2 gross margin declined 80 bps to 30.5% from transportation costs and depreciation
- •Freight cost inflation and tighter freight market creating ongoing headwinds with potential need for additional pricing actions
- •Substantial organizational restructuring with COO elimination and leadership transitions (Dickinson appointment July 2026, Austin departure end-2026) creating execution risk
Funds Buying (4)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| Sachem Head Capital | Scott Ferguson | 17.1M | +17.1M | $322M | 7.8% | — | NEW |
| Point72 | Steve Cohen | 8.4M | +8.4M | $158M | 0.3% | — | NEW |
| Glenview Capital | Larry Robbins | 531K | +531K | $10M | 0.3% | — | NEW |
| Maverick Capital | Lee Ainslie | 225K | +180K | $4M | <0.1% | +409% | Existing |
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 PRMB 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 #4 of this fund's book
- 1Talen Energy Corp$494M
- 2Echostar Corp$352M
- 3GDS Hldgs Ltd$350M
- 4Primo Brands Corporation$322M
- 5Dicks Sporting Goods Inc$318M
- 6Twilio Inc$289M
- 7Performance Food Group Co$287M
position #40 of this fund's book
- 37AKAMAI TECHNOLOGIES INC$18M
- 38INTEL CORP$18M
- 39BIOGEN INC$10M
- 40PRIMO BRANDS CORPORATION$10M
Values are quarter-end position sizes. Shown only for funds where PRMB 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.
Signal History
| Quarter | Direction | Funds | Score | vs SPY |
|---|---|---|---|---|
| Q2 2026 | LONG | 3 | 3.95 | -7.6% |
| Q1 2026 | LONG | 4 | 4.67 | +12.2% |
Same issuer appearing in consecutive quarters — persistent institutional conviction. Returns are frozen at each archived quarter's last refresh.
Insider Activity
Fund 13D/13G Filings (1)
Tracked funds' beneficial-ownership filings on this stock — disclosed within days of a position change, fresher than the quarterly 13F. Since Filing compares the stock to SPY from the filing date (shown for filings within the last 90 days).
| Fund | Form | ∆ Shares | % of Class | Since Filing | Filed | Src |
|---|---|---|---|---|---|---|
| Viking Global | SC 13G/A | — | 0.0% | — | 2026-02-17 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| VIKING GLOBAL INVESTORS LP | SC 13G/A | — | 0.0% | 2026-02-17 | ↗ |
| FMR LLC | SC 13G/A | 36.2M | 9.8% | 2026-02-05 | ↗ |
| The Vanguard Group | SC 13G/A | 23.0M | 6.2% | 2026-01-30 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.