D1 Capital Partners L.P. 13F: Exits Core & Main (CNM) Stake

D1 Capital Partners Completely Exits Core & Main Position

D1 Capital Partners L.P. sold out its entire stake in Core & Main, Inc. NYSE:CNM, parting ways with 2,647,789 shares during the period covered by its latest Form 13F filing with the SEC. The complete liquidation erased a position that previously stood at 2,647,789 shares. Because 13F filings look backward at holdings from the end of the reporting period, this exit may not reflect the fund's current stance today.

Core & Main Stock Trades Near Recent Levels

Shares of Core & Main changed hands at $48.25 recently, tracking below the 200-day moving average of $49.69 while holding above the 50-week moving average of $44.08. The industrial distributor has traded in a 52-week range between a low of $40.03 and a high of $59.66. The company carries a price-to-earnings ratio of 17.72 based on trailing results, alongside a forward P/E of 12.30.

Insider Buying and Selling at Core & Main, Inc.

Leadership at Core & Main engaged in a wave of open-market purchases on June 23, 2026. Insiders Kathleen Mazzarella, Bhavani Amirthalingam, Robert Buck, James Hope, James Castellano, and Susan Hardwick each acquired 2,799 shares of stock on that single day.

Wall Street Analysts Maintain Mixed Ratings

Analyst firms continue to monitor Core & Main with a range of price targets and recommendations. On October 7, 2026, RBC Capital maintained its Outperform rating while lowering its target from $60.00 to $57.00. Earlier in September, Citigroup maintained a Neutral rating and adjusted its target from $53.00 to $46.00, while Wells Fargo kept an Overweight rating but cut its target from $65.00 to $48.00. Truist Securities maintained a Hold rating on September 10, 2026, lowering its target to $45.00 from $50.00, and Barclays kept an Overweight rating with a reduced target of $61.00. Baird held an Outperform rating on the same day with a target moved to $57.00 from $66.00, following William Blair's initiation of a Market Perform rating on July 23, 2026. Overall, the stock carries a consensus buy rating and a mean price target of $55.29 across 14 analyst opinions.

Overview of Core & Main Operations

Headquartered in Saint Louis, Missouri, Core & Main distributes water, wastewater, storm drainage, and fire protection products across the United States. The company supplies municipalities, private water companies, and contractors with essential infrastructure components such as pipes, valves, hydrants, fittings, and smart metering solutions.

What to Watch Next for CNM

Investors tracking Core & Main can look forward to the company's next earnings report scheduled for December 8, 2026. Future SEC filings will also clarify whether other institutional managers followed D1 Capital Partners in adjusting their positions during the latest quarter.