SGI
LONGINSIDER BUYCONGRESS BUYCONGRESS SELLSOMNIGROUP INTERNATIONAL INC
Research: Finviz ↗·Perplexity ↗
News Summary
NeutralSGI reported Q2 2026 results with 3% revenue miss ($1.8B vs. $1.9B consensus) amid industry headwinds, but maintained strong profitability (adjusted EPS $0.58, +9% YoY) and record free cash flow ($182M). The pending Leggett & Platt acquisition and analyst upgrades (Stephens to Overweight, $80 PT) support near-term sentiment, though management trimmed full-year guidance and the stock remains down 28% YTD despite fair value estimates suggesting 41% upside at $90.56.
Red flags
- •Revenue miss: $1.8B actual vs. $1.9B consensus (-5.3%)
- •Full-year sales guidance reduced to ~$7.6B; EPS guidance reaffirmed but not raised
- •Mattress Firm margins weakened due to product mix and financing costs despite steady sales
- •Stock down 27.94% YTD and 18.17% over three months, indicating persistent valuation/confidence concerns
- •Leggett & Platt deal pending shareholder approval—integration execution risk unresolved
Funds Buying (3)
| Fund | Manager | Shares Held | ∆ Shares | Position Value | % of Fund | QoQ | Status |
|---|---|---|---|---|---|---|---|
| D1 Capital | Dan Sundheim | 5.0M | +287K | $390M | 1.1% | +6% | Existing |
| Point72 | Steve Cohen | 2.9M | +661K | $226M | 0.3% | +30% | Existing |
| Third Point | Dan Loeb | 2.6M | +300K | $202M | 4.3% | +13% | 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 SGI 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 #9 of this fund's book
- 6TAIWAN SEMICONDUCTOR MANUFAC$220M
- 7LIVE NATION ENTERTAINMENT IN$208M
- 8KEYSIGHT TECHNOLOGIES INC$205M
- 9SOMNIGROUP INTERNATIONAL INC$202M
- 10BLOCK INC$194M
- 11NORFOLK SOUTHN CORP$189M
- 12FLEX LTD$167M
position #14 of this fund's book
- 11THERMO FISHER SCIENTIFIC INC$410M
- 12KILROY REALTY CORP$393M
- 13CLEAN HARBORS INC$393M
- 14SOMNIGROUP INTERNATIONAL INC$390M
- 15FLOWSERVE CORP$368M
- 16APPLOVIN CORP$345M
- 17META PLATFORMS INC$319M
Values are quarter-end position sizes. Shown only for funds where SGI 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 |
|---|---|---|---|---|---|---|---|
| THOMPSON SCOTT L | CEO & PRESIDENT | BUY | 30K | $62.84 | $1.89M | 2026-08-27 | ↗ |
Beneficial Ownership (13D/13G)
| Filer | Form | Shares | % of Class | Filed | Src |
|---|---|---|---|---|---|
| FMR LLC | SC 13G/A | 26.3M | 12.5% | 2026-08-06 | ↗ |
| Vanguard Capital Management | SC 13G | 10.7M | 5.1% | 2026-04-30 | ↗ |
SC 13D = active intent to influence control (10-day filing deadline after crossing 5%). SC 13G = passive accumulation, no intent to influence control.
Congressional Trading
| Member | Chamber | State | Type | Amount Range | Transaction Date | Filed | Src |
|---|---|---|---|---|---|---|---|
| April McClain Delaney | house | MD06 | SELL | $100,001 - $250,000 | 2026-08-25 | 2026-09-09 | ↗ |
| April McClain Delaney | house | MD06 | BUY | $15,001 - $50,000 | 2026-07-30 | 2026-08-03 | ↗ |
Periodic Transaction Reports filed under the STOCK Act. Amounts are disclosed as ranges, not exact dollar figures.