Wedgewood Partners sold out its position in Pool Corporation (NASDAQ:POOL), divesting 32,322 shares previously worth $10.02 million, according to a February 17, 2026, SEC filing. What happened According to the SEC filing dated February 17, 2026, Wedgewood Partners eliminated its entire position in Pool Corporation during the fourth quarter, selling all 32,322 shares. The quarter-end position value decreased by $10.02 million. What else to know Top holdings after the filing: NYSE: TSM: $56.12 million ...

Core Insights - Pool Corp. is the world's largest wholesale distributor of swimming pool equipment, parts, and supplies, but its revenue sources are diverse and influenced by market conditions [1] Revenue Sources - Approximately one-third of Pool's revenue is derived from new pool installations, which have seen a decline post-pandemic due to high interest rates affecting the housing market [2] - The remaining two-thirds of revenue comes from maintenance and repair of existing pools, which is recurring and provides stability for the company's dividend, currently yielding about 2.1% [3] Stock Valuation - Pool's current stock price is around $239.98, significantly lower than its five-year average price of $372, and even below the price paid by Berkshire Hathaway, which ranged from $285 to $390.03 per share [4][5] - Investors purchasing shares now are receiving a discount of 18.2% to 40.2% compared to what Buffett paid [6] Market Outlook - The decline in Pool's stock price is largely attributed to the outlook for the real estate market, which affects new pool installations [7] - While maintenance and repair revenue is less dependent on real estate, the company faces limitations in price increases due to its role as a distributor [8] - Future growth in maintenance and repair revenue is contingent on an increase in the number of pools, which is tied to a recovering housing market [9]

Core Insights - Pool Corporation (NASDAQ:POOL) is a prominent distributor in the swimming pool supplies and equipment sector, catering to both residential and commercial clients, and competes with companies like Leslie's and Hayward Holdings [1] Financial Performance - For Q3 2025, Pool Corp. reported earnings of $3.39 per share, slightly exceeding the Zacks Consensus Estimate of $3.38 per share, marking a year-over-year increase from $3.26 per share, resulting in a +0.30% earnings surprise [3] - The company generated $1.45 billion in revenue for the quarter, marginally surpassing the Zacks Consensus Estimate by 0.14%, and showing a slight increase from $1.43 billion in the same quarter last year [4] Stock Performance - Pool Corp.'s stock price recently increased by $2.72, reflecting a 0.91% rise, with a trading range between $290.23 and $303.05, and a market capitalization of approximately $11.2 billion [5] - Goldman Sachs has set a price target of $360 for Pool Corp., indicating a potential price increase of approximately 19.88% from its current price of $300.31 [2][6]