Steadfast Capital Liquidates Pool Corporation Position With $156 Million Exit

Core Insights - Steadfast Capital Management LP has sold its entire holding in Pool Corporation, reducing its position from 2.7% of its assets under management (AUM) to zero, with an estimated transaction value of approximately $156.40 million [1][2] Company Overview - Pool Corporation is a leading distributor of swimming pool and outdoor living products, serving residential and commercial markets across North America, Europe, and Australia [5] - The company has a market capitalization of $8.21 billion and reported revenue of $5.29 billion with a net income of $404.2 million for the trailing twelve months (TTM) [4] Stock Performance - As of March 4, 2026, Pool Corporation shares were priced at $220.31, reflecting a 36.0% decline over the prior year and underperforming the S&P 500 by 53 percentage points [3] Revenue Composition - 86% of Pool Corporation's revenue is derived from maintenance, remodeling, and renovation purchases, which are considered mandatory and non-discretionary, making the stock less risky than it may appear [10] Investment Perspective - The recent sale by Steadfast Capital occurred at a double-digit-percentage loss, indicating challenges in timing the cyclical operations of Pool Corporation [6] - Despite the current down cycle, there is confidence in the company's ability to recover, supported by a well-funded dividend yielding 2.3% [9][10]