Faithward Advisors LLC Purchases Shares of 5,761 IDEXX Laboratories, Inc.

Hedge fund adds to position in veterinary diagnostics company

Mar. 18, 2026 at 10:35am

Faithward Advisors LLC, a hedge fund, purchased a new position in shares of IDEXX Laboratories, Inc. (NASDAQ:IDXX) during the 3rd quarter, according to the firm's recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 5,761 shares of the company's stock, valued at approximately $3,681,000.

Why it matters

IDEXX Laboratories is a leading provider of diagnostic products and services for the animal health, water testing, and food safety markets. The purchase by Faithward Advisors suggests the hedge fund sees growth potential in the company's business, which could signal broader investor interest in the veterinary diagnostics industry.

The details

In addition to Faithward Advisors' new position, other hedge funds have also been active in IDEXX Laboratories stock. The New York State Common Retirement Fund increased its stake by 6.8% in the 3rd quarter, while Mediolanum International Funds Ltd boosted its holdings by 14.5%. Principal Financial Group Inc. also added to its position, increasing its stake by 16.7%.

  • Faithward Advisors LLC purchased the 5,761 shares of IDEXX Laboratories during the 3rd quarter.
  • The New York State Common Retirement Fund, Mediolanum International Funds Ltd, and Principal Financial Group Inc. all increased their stakes in IDEXX Laboratories during the 3rd quarter as well.

The players

Faithward Advisors LLC

A hedge fund that purchased a new position in shares of IDEXX Laboratories, Inc.

New York State Common Retirement Fund

A large institutional investor that increased its stake in IDEXX Laboratories by 6.8% in the 3rd quarter.

Mediolanum International Funds Ltd

An investment firm that boosted its holdings in IDEXX Laboratories by 14.5% in the 3rd quarter.

Principal Financial Group Inc.

A financial services company that added to its position in IDEXX Laboratories, increasing its stake by 16.7% in the 3rd quarter.

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The takeaway

The increased investment activity in IDEXX Laboratories by several prominent institutional investors suggests growing confidence in the company's long-term growth prospects within the veterinary diagnostics industry.