According to an SEC filing dated Feb. 9, Arnhold LLC disclosed a purchase of 264,281 shares of Axalta Coating Systems(AXTA 1.30%).
- The quarter-end position value increased by $9.4 million.
- Arnhold now holds 500,700 shares of Axalta, valued at $16.2 million as of Dec. 31.
- Axalta comprises 1.2% of Arnhold's reportable AUM, placing it outside the fund's top five holdings.
What else to know
- Top holdings after the filing:
- NYSEMKT: GLD: $199.9 million (15.2% of AUM)
- NYSEMKT: IAU: $142.6 million (10.8% of AUM)
- NASDAQ: GOOGL: $58.7 million (4.5% of AUM)
- NYSE: COHR: $50.1 million (3.8% of AUM)
- NYSE: VRT: $44.3 million (3.4% of AUM)
Company overview
| Metric | Value |
|---|---|
| Price (as of market close 2/6/26) | $33.81 |
| Market capitalization | $7.3 billion |
| Revenue (TTM) | $5.2 billion |
| Net income (TTM) | $456.0 million |
Company snapshot
Axalta Coating Systems Ltd. is a global leader in specialty coatings, leveraging a diversified portfolio to serve automotive, industrial, and commercial end markets.
- Manufactures and markets high-performance coatings systems, including water- and solvent-borne paints, powder coatings, and electrocoat products for automotive, industrial, and commercial applications.
- Operates a dual-segment business model (Performance Coatings and Transportation Coatings), generating revenue through sales to OEMs, body shops, and industrial clients worldwide.
- Serves independent body shops, OEM dealership body shops, automotive and commercial vehicle manufacturers, and a variety of industrial and architectural customers across North America, EMEA, Asia Pacific, and Latin America.
What this transaction means for investors
Arnhold aggressively purchases Axalta Coating Systems’ shares during the fourth quarter. The firm more than doubled its 236,419 shares to 500,700 shares over three months.
The position had a value of $16.2 million at the end of the year, compared to $6.8 million on Sept. 30. At the end of December, Axalta represented 1.2% of Arnhold’s reported $1.3 billion of AUM.
Arnhold clearly hopes Axalta’s stock performance will improve. The shares lost 11.1% over the last year through Feb. 6. That trailed the S&P 500 index’s 15.4% total return.
Interestingly, among the asset management firm’s 114 reported holdings, it is heavily weighted in gold exchange-traded funds (ETFs). Its two largest holdings, SPDR Gold Trust (NYSEMKT: GLD) and iShares Gold Trust (NYSEMKT: IAU), combined accounted for 26% of Arnhold’s AUM. These ETFs directly hold gold, and the commodity’s price has surged over the last few years.
