Orgel Wealth Management Invests $1.32M in Fastenal

Institutional investor adds 32,890 shares of industrial supply company to portfolio

Mar. 21, 2026 at 11:28am

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Orgel Wealth Management LLC, an institutional investor, acquired a new stake in shares of Fastenal Company (NASDAQ:FAST) in the fourth quarter, according to a recent SEC filing. The firm purchased 32,890 shares of the industrial supply company's stock, valued at approximately $1,320,000.

Why it matters

Fastenal is a major distributor of industrial and construction supplies, including fasteners, tools, and safety equipment. The company's stock has seen strong performance in recent years, and institutional investment activity can provide insight into how Wall Street views the company's prospects.

The details

Orgel Wealth Management's investment in Fastenal represents a new position for the firm. Fastenal has a market cap of over $50 billion and its stock trades on the Nasdaq exchange. The company has a network of locally staffed branches combined with national distribution capabilities, serving a wide range of end markets.

  • Orgel Wealth Management acquired the Fastenal shares in the fourth quarter of 2025.

The players

Orgel Wealth Management LLC

An institutional investment firm that acquired a new stake in Fastenal Company.

Fastenal Company

A wholesale distributor of industrial and construction supplies, best known for its broad assortment of fasteners.

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The takeaway

Orgel Wealth Management's investment in Fastenal suggests the firm sees growth potential in the industrial supply company. Fastenal's diversified product offerings and national distribution network have helped drive its strong financial performance in recent years.