5 Stocks That Tanked: Why Larry Robbins’ Top Picks Are Struggling in 2026

In this article, we will list the 5 stocks that tanked and why Larry Robbins’ top picks are struggling in 2026. Please visit 10 Stocks That Tanked: Why Larry Robbins’ Top Picks Are Struggling in 2026 if you would like to see the extended list and the methodology behind it.

Larry Robbins of Glenview Capital

5. RH (NYSE:RH)

YTD Decline in Share Price: 31%

Glenview Capital’s Stake: $20 million 

RH (NYSE:RH) is a relatively recent addition to the 13F portfolio of Glenview Capital. The fund first disclosed a stake in the company in the second quarter of 2025. This comprised more than 65,000 shares. Filings for the fourth quarter of 2025 show that the fund owned over 111,000 shares in the company, up close to 40% compared to filings for the third quarter. RH operates as a retailer and lifestyle brand in the home furnishings market in the United States, Canada, the United Kingdom, Germany, Belgium, and Spain. It offers merchandise in various categories, including furniture, lighting, textiles, bath ware, décor, and outdoor and garden furnishings, as well as baby, child, and teen furnishings.

The primary driver of the current bearish sentiment around RH (NYSE:RH) is the recent Q4 2025 earnings report, released in March. The firm reported adjusted EPS of $1.53, missing analyst consensus estimates of $2.21 by 30.8%. For Q1 2026, management guided revenue to decline by 2% to 4% year-over-year. Even more concerning is the forecasted Adjusted EBITDA margin for Q1, expected to be between 5.5% and 6.5%, a steep drop from the 13.1% reported in the prior year. The profitability of the firm is being squeezed from both ends: rising external costs and heavy internal investment. Management has quantified a tariff-related impact of 190 basis points on gross margins due to sourcing changes and supply chain complexity.