demand / volume
“In addition to having to pay the tariffs, the volatile trade policy environment may lead to declining consumer confidence, inflation, lower economic expectations, and ultimately reduced demand for our products and services.”
BC 10-K
Confirmed
Rental & Leasing Services
21 names are moving together; 62% are participating in the current session.
2 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| MHK | Mohawk Industries, Inc. | Consumer Cyclical | +3.1% | Group member |
| TOL | Toll Brothers, Inc. | Consumer Cyclical | -2.9% | 1/8 observed active sessions |
| FND | Floor & Decor Holdings, Inc. | Consumer Cyclical | +4.2% | Group member |
| BC | Brunswick Corporation | Consumer Cyclical | -0.6% | 5/8 observed active sessions |
| SWK | Stanley Black & Decker, Inc. | Industrials | -1.0% | 1/8 observed active sessions |
| WMS | Advanced Drainage Systems, Inc. | Industrials | +0.6% | Group member |
| SKY | Champion Homes, Inc. | Consumer Cyclical | -0.8% | Group member |
| CVCO | Cavco Industries, Inc. | Consumer Cyclical | -2.3% | Most structurally connected |
| GFF | Griffon Corporation | Industrials | -2.1% | 1/8 observed active sessions |
| ESAB | ESAB Corporation | Industrials | +1.1% | Group member |
| TREX | Trex Company, Inc. | Industrials | -1.4% | Group member |
| GNTX | Gentex Corporation | Consumer Cyclical | -1.2% | Group member |
| WSO | Watsco, Inc. | Industrials | -0.5% | 2/8 observed active sessions |
| KAI | Kadant Inc | Industrials | -0.5% | 3/8 observed active sessions |
| ASO | Academy Sports and Outdoors, In | Consumer Cyclical | -1.8% | 1/8 observed active sessions |
| HAYW | Hayward Holdings, Inc. | Industrials | -1.4% | Group member |
| HRI | Herc Holdings Inc. | Industrials | +2.3% | 1/8 observed active sessions |
| PII | Polaris Inc. | Consumer Cyclical | -1.9% | 1/8 observed active sessions |
| OC | Owens Corning Inc | Industrials | -0.1% | Group member |
| WSC | WillScot Holdings Corporation | Industrials | +1.1% | 2/8 observed active sessions |
| MIDD | The Middleby Corporation | Industrials | +0.2% | Group member |
Why we believe this
Cohort
21 namesParticipation
62% this sessionObserved history
11 daily buildsFiling coverage
21/21 membersrestructuring
“As a result of our assessment, we did no t record an impairment of long-lived assets in 2025, 2024 and 2023.”
ASO 10-K
credit / rates affecting interest expense
“Interest expense decreased $0.7 million, or 1.8%, to $36.2 million in 2025 from $36.9 million in 2024, primarily driven by lower interest rates and a lower outstanding balance on our Term Loan.”
ASO 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
LCII
BCcustomer · Not moving with the group now
Filing receipt · LCII / BC
“Major customers include Brunswick Corporation (symbol: BC), Polaris Inc.”
BC · customer
HD
GFFcustomer · Not moving with the group now
Filing receipt · HD / GFF
“In 2025, Home Depot represented 10% of Griffon’s consolidated revenue, 9% of HBP's revenue and 12% of CPP's revenue.”
GFF · customer
POOL
HAYWsupplier · Not moving with the group now
Filing receipt · POOL / HAYW
“Our largest suppliers include Pentair plc, Zodiac Pool Systems, Inc.”
HAYW · supplier
BA
GNTXcustomer · Not moving with the group now
Filing receipt · BA / GNTX
“Dimmable Aircraft Windows The Company continues to manufacture and sell variable dimmable windows for the passenger compartment on the Boeing 787 Dreamliner series of ai…”
GNTX · customer
FERG
WMScustomer · Not moving with the group now
Filing receipt · FERG / WMS
“Ferguson Enterprises (“Ferguson”) accounted for 13.1% and Core & Main, Inc.”
WMS · customer
History
2026-07-27 → 2026-07-282 observed active sessions · 11.1% of active names held across the episode
2026-07-15 → 2026-07-226 observed active sessions · 0% of active names held across the episode