Pullen's Strategic Portfolio Expansion
Pullen Investment Management Expands Portfolio, Acquiring New Stakes in Diverse Sectors
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Key Points
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In Louisiana-Pacific, Eminence Capital LP raised its stake by 29.9% in the fourth quarter, bringing its position to 4,048,136 shares worth $326.927 million (after buying an additional 932,177 shares).
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For Alamo Group, EVP Edward Rizzuti sold 600 shares at an average price of $170.93 for a total of $102,558 on March 24, leaving him with 10,857 shares valued at about $1.86 million.
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ArcBest saw notable institutional activity beyond Pullen’s entry—Invesco boosted its stake by 625.4% in the fourth quarter to 920,498 shares worth $68.292 million, and Turtle Creek Asset Management also purchased a new position in the third quarter valued at $39.508 million.
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FTI Consulting attracted additional large-holder buying alongside Pullen’s increase: Diamond Hill Capital Management lifted its position by 36.6% to 211,015 shares (about $36.048 million), while Black Creek Investment Management increased its stake by 60.0% to 1,072,250 shares (about $183.172 million).
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ArcBest’s shareholder base is extremely institutional: 99.27% of the stock is held by hedge funds and other institutional investors, according to the article’s reporting.
Pullen Investment Management made a series of new bets in the first quarter of 2026, buying into four companies across building products, industrial equipment, transportation, and business consulting. The firm's biggest new purchase was 39,812 shares of Louisiana-Pacific Corporation, valued at roughly $2.9 million — about 1.5% of its total portfolio, according to Watchlist News.
The moves signal a deliberate push into hard-asset and services sectors, with Pullen adding fresh positions in Alamo Group and ArcBest while also growing an existing stake in FTI Consulting by nearly 50%. These purchases came alongside heavy buying from much larger institutional players — painting a picture of broad, coordinated confidence across all four stocks.
Pullen's Four New Bets Span Diverse Sectors
Beyond Louisiana-Pacific, Pullen opened a new position in Alamo Group — an industrial equipment maker — picking up 8,931 shares worth about $1.47 million, per Watchlist News. It also initiated a holding in freight and logistics firm ArcBest, buying 28,735 shares valued at roughly $2.83 million. Both were brand-new positions for the firm in Q1 2026.
In FTI Consulting, Pullen already had a stake — but grew it aggressively. The firm boosted its position by 49.5%, bringing its total to 14,433 shares worth about $2.55 million. Separately, Ticker Report noted Pullen also picked up 17,214 shares of insurance broker Brown & Brown for roughly $1.12 million during the same period.
Big Institutions Were Already Piling Into These Stocks
Pullen was far from alone. In Louisiana-Pacific, Eminence Capital LP — led by CEO Ricky Sandler — raised its stake by 29.9% in Q4 2023, adding 932,177 shares to reach a total of 4,048,136 shares worth $326.9 million. That is one of the largest single institutional positions in the stock.
ArcBest drew even more dramatic buying. Invesco boosted its stake by 625.4% in Q4 2023, growing to 920,498 shares worth $68.3 million. Turtle Creek Asset Management also built a new position in Q3 2023 worth $39.5 million. Today, a stunning 99.27% of ArcBest's shares are held by institutional investors and hedge funds.
Morgan Stanley Backs ArcBest With $150 Price Target
Wall Street analysts are bullish on ArcBest. On April 29, 2026, Morgan Stanley reaffirmed an "Overweight" rating on the stock and raised its price target from $120 to $150. The bank pointed to ArcBest's ability to hold ground in a tough freight market better than its rivals.
With 99.27% institutional ownership, ArcBest's float — the shares available for everyday trading — is extremely tight. Some analysts warn this creates a risk: if one major holder sells, it could trigger sharp price swings. For now, though, the institutional consensus remains firmly bullish on the freight company's outlook.
Alamo Group Insider Sells While Buyers Move In
Not everyone is buying. On March 24, 2026, Alamo Group EVP Edward Rizzuti sold 600 shares at an average price of $170.93, netting $102,558. After the sale, he still holds 10,857 shares worth about $1.86 million. Analysts describe the move as routine liquidity management rather than a signal of lost confidence.
FTI Consulting also saw large institutional buyers step in alongside Pullen. Diamond Hill Capital Management lifted its stake by 36.6% to 211,015 shares worth about $36 million. Black Creek Investment Management went further, raising its position by 60.0% to 1,072,250 shares — a holding now worth roughly $183.2 million. Taken together, the filings show broad institutional conviction across all four of Pullen's target companies.
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