Giverny Capital Asset Management, LLC, an investment management company, recently published its first-quarter 2026 investor letter. A copy can be downloaded here. The model portfolio fell 6.88% this quarter, compared to the S&P 500’s 4.33% decline. Over the past year, the portfolio gained 8.52%, while the index increased by 17.80%. Geopolitical conflicts and inflation concerns drove quarterly volatility. Despite ongoing uncertainties, the firm remains confident that its portfolio companies will sustain strong earnings and maintain healthy balance sheets, focusing on company-specific news rather than short-term fluctuations. Additionally, you can review the Portfolio’s top 5 holdings to see its best picks for 2026.
In its first-quarter 2026 investor letter, Giverny Capital Asset Management highlighted Installed Building Products, Inc. (NYSE:IBP). Installed Building Products, Inc. (NYSE:IBP) is a construction company that engages in the installation of insulation and other building products. On June 17, 2026, Installed Building Products, Inc. (NYSE:IBP) closed at $211.31 per share. One-month return of Installed Building Products, Inc. (NYSE:IBP) was -2.55%, and its shares gained 29.13% over the past 52 weeks. Installed Building Products, Inc. (NYSE:IBP) has a market capitalization of $5.69 billion.
Giverny Capital Asset Management stated the following regarding Installed Building Products, Inc. (NYSE:IBP) in its Q1 2026 investor letter:
“In addition to these two changes, we had some small trims and additions to existing positions. We trimmed Installed Building Products, Inc. (NYSE:IBP) during the quarter after CEO Jeff Edwards announced the sale of a portion of his holdings after a big run-up in the stock price. We did the same. IBP remains a large holding and we remain fans of management.”
Installed Building Products, Inc. (NYSE:IBP) is not on our list of 40 Most Popular Stocks Among Hedge Funds Heading Into 2026. According to our database, 36 hedge fund portfolios held Installed Building Products, Inc. (NYSE:IBP) at the end of the first quarter, up from 32 in the previous quarter. While we acknowledge the risk and potential of Installed Building Products, Inc. (NYSE:IBP) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than INSTALLED BUILDING PRODUCTS, INC. (NYSE:IBP) and that has 10,000% upside potential, check out our report about this cheapest AI stock.
In another article, we covered Installed Building Products, Inc. (NYSE:IBP) and shared the list of best real estate stocks to buy beyond REITs. In Q4 2025, Giverny Capital Asset Management highlighted Installed Building Products, Inc. (NYSE:IBP) as a performance contributor with earnings in 2025, exceeding expectations. addition, please check out our hedge fund investor letters Q1 2026 page for more investor letters from hedge funds and other leading investors.
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Disclosure: None. This article is originally published at Insider Monkey.
