American Century Companies Trims Stake in DXP Enterprises

Industrial products distributor sees institutional investor reduce position by over 50%

Published on Mar. 8, 2026

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American Century Companies Inc. has reduced its stake in DXP Enterprises, Inc. (NASDAQ:DXPE) by 54.8% in the third quarter, according to a recent SEC filing. The fund previously owned 254,248 shares of the industrial products company, but sold 307,962 shares during the quarter, leaving it with a 1.62% ownership position valued at $30,273,000.

Why it matters

DXP Enterprises is a major industrial distributor serving the energy, manufacturing and heavy industries sectors. Institutional investors like American Century closely monitor and trade the stock, so changes in their holdings can signal broader market sentiment around the company.

The details

According to the SEC filing, American Century sold off a significant portion of its DXP Enterprises position in Q3 2026. The fund previously owned 1.62% of the company's shares, but that stake has now been reduced by over 50% to a 0.73% holding. No specific reasons were given for the divestment.

  • American Century filed the 13F report disclosing the stake reduction on March 8, 2026.

The players

American Century Companies Inc.

A major institutional investment management firm based in Kansas City, Missouri that oversees over $250 billion in assets.

DXP Enterprises, Inc.

A Houston, Texas-based industrial products and services distributor serving customers across North America.

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The takeaway

The significant reduction in American Century's DXP Enterprises stake could signal broader market concerns about the industrial distributor's outlook, though the specific reasons behind the divestment are unclear. Investors will be watching to see if other major institutional holders follow suit or if American Century continues trimming its position.