59 North Capital Management Boosts Stake in Ferguson plc

Hedge fund increases ownership in global plumbing and HVAC distributor by over 114%

Mar. 15, 2026 at 7:22am

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59 North Capital Management LP has significantly increased its stake in Ferguson plc, a multinational distributor of plumbing, heating, and related building supplies. According to a recent 13F filing, the hedge fund purchased an additional 670,473 shares of Ferguson, boosting its total ownership to 1,255,137 shares or approximately 0.64% of the company.

Why it matters

Ferguson is a major player in the global distribution of essential construction and infrastructure products. The substantial increase in 59 North Capital's position suggests the hedge fund sees significant growth potential in the company, which could signal broader investor confidence in Ferguson's business outlook.

The details

59 North Capital Management's 13F filing revealed that the firm increased its stake in Ferguson plc by 114.7% during the third quarter. The hedge fund now owns 1,255,137 shares of the company, worth approximately $281.9 million based on Ferguson's current stock price. This makes 59 North Capital's position in Ferguson the fifth largest holding in its portfolio, accounting for around 8.8% of total assets.

  • The 13F filing detailing 59 North Capital's increased stake in Ferguson was submitted on March 15, 2026.
  • The hedge fund made the share purchases during the third quarter of the previous year.

The players

59 North Capital Management LP

A hedge fund that has significantly increased its ownership stake in Ferguson plc, a global distributor of plumbing, heating, and related building supplies.

Ferguson plc

A multinational company that specializes in the distribution of plumbing, heating, and related building products to professional contractors, builders, and industrial customers.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee

The takeaway

The significant increase in 59 North Capital's stake in Ferguson highlights the hedge fund's confidence in the company's growth prospects within the global distribution of essential construction and infrastructure products. This could signal broader investor optimism about Ferguson's business outlook and its ability to navigate the evolving market landscape.