On January 16, Matrix Asset Advisors disclosed in a U.S. Securities and Exchange Commission filing that it added 46,101 shares of Generac Holdings (GNRC 3.41%) in the fourth quarter, an estimated $7.44 million transaction based on average pricing in the period.
What happened
According to a U.S. Securities and Exchange Commission filing dated January 16, Matrix Asset Advisors increased its holdings of Generac by 46,101 shares during the fourth quarter. The estimated transaction value was $7.44 million, calculated using the average unadjusted closing price over the quarter. Meanwhile, the quarter-end position value changed by $4.21 million, reflecting both the trade and share price movement in the period.
What else to know
The purchase lifted the Generac stake to 1.38% of Matrix Asset Advisors’ $1.11 billion in reportable U.S. equity assets as of December 31.
Top fund holdings after the filing:
- NASDAQ: MSFT: $69.02 million (6.2% of AUM)
- NASDAQ: GOOGL: $50.69 million (4.6% of AUM)
- UNK: MAVF: $50.45 million (4.5% of AUM)
- NYSE: MS: $46.25 million (4.2% of AUM)
- NYSE: JPM: $43.87 million (3.9% of AUM)
As of January 15, Generac shares were priced at $161.43. The stock returned 0.81% over the past year and underperformed the S&P 500 by about 16 percentage points.
Company overview
| Metric | Value |
|---|---|
| Price (as of 1/15/26) | $161.43 |
| Market Capitalization | $9.47 billion |
| Revenue (TTM) | $4.35 billion |
| Net Income (TTM) | $310.18 million |
Company snapshot
- Generac Holdings offers power generation equipment, energy storage systems, and a range of outdoor power products, with significant revenue from residential and light commercial standby generators.
- The company generates revenue through the design, manufacture, and sale of proprietary products, distributed via independent dealers, distributors, retailers, e-commerce, and direct-to-end-user channels.
- It serves residential, commercial, industrial, and municipal customers globally, with a focus on homeowners, small businesses, and critical infrastructure sectors.
Generac Holdings Inc. is a leading provider of power generation and energy storage solutions, with a diversified portfolio spanning residential, commercial, and industrial markets. The company leverages a broad distribution network and proprietary technology to address the growing demand for reliable backup power and energy management. Its scale and product innovation support a competitive position in the global industrial machinery sector.
What this transaction means for investors
Residential demand softened last year for Generac as outage hours hit their lowest third-quarter level since 2015, pushing net sales down 5% to $1.1 billion during the third quarter. But that headline misses the offset. Commercial and industrial revenue grew 9% year over year, driven by telecom, industrial customers, and early shipments of large-megawatt generators to data centers. Management said the backlog for those data-center products doubled in just 90 days, a detail that matters more than last year’s storm count.
Financially, the business remains solidly profitable despite the lull. Third-quarter adjusted EBITDA margin held roughly steady at 17.3%, and the company generated $96 million in free cash flow. Guidance was reset to roughly flat sales for 2025, but that reset already appears reflected in a stock that underperformed the S&P 500 by about 16 percentage points over the past year.
Meanwhile, this position sits at just 1.38% of assets, well below Matrix Asset Advisors’ largest holdings like Microsoft and Google. That sizing suggests patience, not panic, and long-term investors should probably keep that in mind.
