Assetmark Inc. Boosts Stake in Ferguson plc $FERG

Institutional investor increases holding in global plumbing and heating distributor

Apr. 19, 2026 at 7:07am

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An extreme close-up of shiny, heavy industrial machinery and equipment used in commercial plumbing and HVAC distribution, conveying a sense of power, precision, and reliability without any text or branding.Assetmark Inc.'s major investment in Ferguson plc signals confidence in the global distributor's ability to capitalize on trends in the construction and plumbing industries.Ferguson Today

Assetmark Inc. lifted its stake in Ferguson plc (NYSE:FERG) by 657.8% in the 4th quarter, according to a recent SEC filing. The institutional investor now owns 30,564 shares of the company's stock, up from 4,033 shares previously.

Why it matters

The significant increase in Assetmark's Ferguson holdings suggests the investment firm sees strong growth potential in the global plumbing and heating products distributor. Ferguson's stock has risen over 70% in the past year as the company has expanded its footprint and product lines.

The details

Assetmark Inc. purchased an additional 26,531 shares of Ferguson plc in the fourth quarter, bringing its total holdings to 30,564 shares. The institutional investor's stake in the company is now worth $6.8 million. Several other hedge funds and institutional investors have also increased their positions in Ferguson in recent quarters.

  • Assetmark Inc. filed its latest 13F report with the SEC on April 19, 2026, disclosing the increased Ferguson stake.
  • Ferguson's stock price closed at $260.72 per share on Friday, April 19, 2026.

The players

Assetmark Inc.

An institutional investment management firm that oversees over $70 billion in client assets.

Ferguson plc

A multinational distributor of plumbing, heating, and building supplies, serving professional contractors, builders, and industrial customers globally.

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What’s next

Ferguson is expected to report its next quarterly earnings results in late July 2026. Analysts will be closely watching the company's sales and profit figures, as well as any updates on its expansion plans, to gauge the stock's future performance.

The takeaway

Assetmark's significant increase in its Ferguson stake suggests the investment firm sees the global distributor as a strong growth play, even as the stock has already appreciated substantially over the past year. This reflects ongoing investor confidence in Ferguson's ability to capitalize on trends in the construction and plumbing industries.