Investment Advisor Closes Out Position in TREX Stock, According to Latest SEC Filing

Jake Lerch, The Motley Fool

Mon, May 18, 2026 at 11:35 AM EDT 4 min read

On May 15, 2026, Kanen Wealth Management LLC disclosed in an SEC filing that it sold out of Trex Company (NYSE:TREX), unloading 250,000 shares in a trade estimated at $10.06 million based on the quarterly average price.

What happened

According to an SEC filing dated May 15, 2026, Kanen Wealth Management LLC sold its entire 250,000-share stake in Trex Company during the first quarter. The estimated transaction value is $10.06 million, based on average share prices within the quarter. The quarter-end position value decreased by $8.83 million, a figure that includes both the sale and movements in Trex Company’s stock price.

What else to know

This was a complete sale; Trex Company now represents 0% of the fund’s 13F reportable assets

Top holdings after the filing:

• NYSE:COMP: $46.85 million (16.8% of AUM)

• NASDAQ:ALLT: $30.99 million (11.1% of AUM)

• NYSE:BNED: $30.23 million (10.9% of AUM)

• NASDAQ:POWW: $23.50 million (8.5% of AUM)

• NASDAQ:INSE: $19.12 million (6.9% of AUM)

As of May 15, 2026, shares were priced at $37.44, down 37.6% over the past year, underperforming the S&P 500 by 62.8 percentage points

Trex Company reported trailing twelve-month revenue of $1.17 billion and net income of $190.41 million

The fund reported 36 positions and $278.05 million in 13F assets as of March 31, 2026

Company overview

Company snapshot

• Trex Company manufactures and distributes composite decking, railing systems, fencing, and outdoor living accessories, with key product lines including Trex Transcend, Trex Select, and Trex Enhance.

• The company generates revenue primarily through the sale of branded outdoor building products to residential and commercial markets, leveraging a combination of direct sales, wholesale distributors, retail lumber dealers, and major home improvement retailers.

• Primary customers include homeowners, builders, contractors, and commercial clients seeking durable, low-maintenance outdoor solutions in the United States.

Trex Company is a leading provider of composite decking and outdoor living products, serving both residential and commercial markets across the United States. The company leverages a multi-channel distribution strategy and strong brand recognition to maintain a competitive position in the construction materials industry. Its focus on innovation and licensing partnerships supports continued growth and product diversification.

What this transaction means for investors

Kanen Wealth Management, a Florida-based investment advisory firm, recently disclosed the sale of approximately 250,000 shares of Trex stock, valued at approximately $10.1 million, during the first quarter (the three months ended March 31, 2026). Here are some key takeaways for investors.