On January 16, Howard Capital Management Group reported selling out of Graphic Packaging Holding Company (GPK 3.80%), with an estimated $20.92 million transaction value.
What happened
According to an SEC filing dated January 16, Howard Capital Management Group sold its entire holding of 1,069,223 shares in Graphic Packaging Holding Company (GPK 3.80%). The estimated transaction value for the quarter was $20.92 million based on the last reported position value.
What else to know
GPK previously comprised 1.32% of the fund's reportable 13F assets.
Top holdings after the filing:
- NASDAQ:NVDA: $188.52 million (11.91% of AUM)
- NASDAQ:AAPL: $113.68 million (7.18% of AUM)
- NASDAQ:GOOGL: $110.59 million (6.99% of AUM)
- NYSEMKT:SPY: $100.89 million (6.37% of AUM)
- NASDAQ:MSFT: $91.36 million (5.77% of AUM)
As of January 16, shares of Graphic Packaging Holding Company were priced at $15.28, down 43.51% over the past year and trailing the S&P 500 by about 60 percentage points.
Company overview
| Metric | Value |
|---|---|
| Price (as of 2026-01-16) | $15.28 |
| Market Capitalization | $4.51 billion |
| Revenue (TTM) | $8.61 billion |
| Net Income (TTM) | $511.00 million |
Company snapshot
- Graphic Packaging offers fiber-based packaging solutions, including coated paperboard, folding cartons, cups, lids, and food containers; it also provides packaging machinery and support services.
- The company generates revenue by manufacturing and selling packaging products to food, beverage, and consumer goods companies, as well as through equipment installation and after-market support.
- It serves consumer packaged goods companies, quick-service restaurants, and foodservice providers across the Americas, Europe, and the Asia Pacific.
Graphic Packaging Holding Company is a leading provider of fiber-based packaging solutions. The company leverages integrated manufacturing capabilities and a broad product portfolio to address the needs of global food, beverage, and consumer products customers. Its competitive position is supported by a diversified customer base and an emphasis on sustainable, innovative packaging solutions.
What this transaction means for investors
Graphic Packaging’s results show how quickly operating leverage can flip when consumer demand stalls. In the third quarter, packaging volumes fell 2% year over year, as sales slipped 1% to $2.19 billion, while adjusted EBITDA fell 11% year over year as pricing pressure and cost inflation overwhelmed productivity gains. Even with inventory reductions and innovation-driven sales growth, margins compressed meaningfully.
Debt trends add another layer. Net leverage climbed to 3.9 times adjusted EBITDA from 3.0 times at the end of last year, reflecting heavy capital spending tied to long-term projects like the Waco facility. While that plant should eventually improve efficiency, it also increases near-term balance sheet risk at a time when volumes remain uncertain.
This portfolio is heavily weighted toward mega-cap technology and broad market exposure, signaling a preference for liquidity, pricing power, and earnings durability over cyclical industrial exposure. With Graphic Packaging stock down more than 40% over the past year and trailing the market by roughly 60 points, it looks like patience ran out.
