The firm liquidated 250,000 shares of Trex Company, reducing its quarter-end position value by $8.83 million amid stock underperformance.
Kanen Wealth Management LLC sold its entire 250,000-share stake in Trex Company (NYSE:TREX) during the first quarter, valued at $10.06 million based on the quarterly average price. The move reduced the firm’s quarter-end position value by $8.83 million, reflecting both the sale and stock price declines.
Trex shares closed at $37.44 on May 15, 2026, down 37.6% over the past year and trailing the S&P 500 by 62.8 percentage points. The company reported $1.17 billion in trailing twelve-month revenue and $190.41 million in net income. Kanen Wealth’s 13F filing showed $278.05 million in reportable assets as of March 31, 2026.
The fund’s top holdings post-sale include NYSE:COMP ($46.85 million), NASDAQ:ALLT ($30.99 million), and NYSE:BNED ($30.23 million). Trex now represents 0% of the firm’s 13F assets.