Princeton Global Asset Management Trims Stake in Watsco

Hedge fund reduces holdings in construction company by over 26%

Apr. 5, 2026 at 10:28am

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Princeton Global Asset Management LLC has reduced its stake in Watsco, Inc. (NYSE:WSO), a major distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, by 26.1% during the fourth quarter. The hedge fund now owns 14,150 shares of the construction company's stock, down from 19,146 shares previously.

Why it matters

Watsco is a key player in the HVAC/R industry, serving residential and commercial contractors across the United States. Changes in major institutional holdings can signal shifts in investor sentiment and market expectations for the company.

The details

According to a 13F filing with the Securities and Exchange Commission, Princeton Global Asset Management sold 4,996 shares of Watsco stock during the fourth quarter. The fund's total holdings in Watsco are now valued at $4.768 million, down from $6.445 million at the end of the previous quarter.

  • Princeton Global Asset Management filed its 13F report for the fourth quarter on April 5, 2026.

The players

Princeton Global Asset Management LLC

A hedge fund that has reduced its stake in Watsco, Inc., a major HVAC/R equipment distributor.

Watsco, Inc.

A leading distributor of heating, ventilation, air conditioning and refrigeration (HVAC/R) equipment, parts and supplies in the United States.

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The takeaway

This reduction in Princeton Global Asset Management's Watsco holdings suggests a potential shift in investor sentiment around the HVAC/R industry leader. However, the overall market consensus remains mixed, with analysts rating Watsco as a 'Hold' on average.