CSW INDUSTRIALS INC CSW
COM · Common Stock · CUSIP 126402106
- SectorMaterials
- IndustryAdhesives & Sealants
- HeadquartersDallas, TX
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($494.8k this quarter). Holder counts are more reliable. Shares outstanding: 16.3m as of 2026-07-24, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $278.25. Options: 3 managers hold calls ($3.9m notional), 1 hold puts ($1.0m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 188 |
| Q4 2022 | 188 |
| Q1 2023 | 195 |
| Q2 2023 | 207 |
| Q3 2023 | 218 |
| Q4 2023 | 242 |
| Q1 2024 | 270 |
| Q2 2024 | 301 |
| Q3 2024 | 347 |
| Q4 2024 | 371 |
| Q1 2025 | 359 |
| Q2 2025 | 370 |
| Q3 2025 | 346 |
| Q4 2025 | 353 |
| Q1 2026 | 350 |
| Q2 2026 | 354 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 202 | 128 |
| Q4 2024 | 187 | 160 |
| Q1 2025 | 175 | 189 |
| Q2 2025 | 174 | 175 |
| Q3 2025 | 157 | 189 |
| Q4 2025 | 175 | 163 |
| Q1 2026 | 160 | 164 |
| Q2 2026 | 158 | 158 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $3.5m | $412.7k | 0.12 |
| Q4 2025 | $3.9m | $1.1m | 0.29 |
| Q1 2026 | $4.5m | $1.0m | 0.23 |
| Q2 2026 | $3.9m | $1.0m | 0.26 |
Biggest buyers
| CI INVESTMENTS INC. | Added | +155.1k |
| BlackRock, Inc. | Added | +76.2k |
| MetLife Investment Management, LLC | Added | +75.0k |
| Select Equity Group, L.P. | Added | +58.1k |
| JANE STREET GROUP, LLC | New | +49.8k |
| CONGRESS ASSET MANAGEMENT CO | Added | +48.2k |
| STATE STREET CORP | Added | +33.7k |
| Capital World Investors | Added | +30.5k |
| GEODE CAPITAL MANAGEMENT, LLC | Added | +22.5k |
| HighTower Advisors, LLC | Added | +19.4k |
Biggest sellers
| WASATCH ADVISORS LP | Reduced | -180.6k |
| FIRST TRUST ADVISORS LP | Reduced | -171.2k |
| VAUGHAN NELSON INVESTMENT MANAGEMENT, L.P. | Sold out | -141.9k |
| Invesco Ltd. | Reduced | -130.6k |
| Conestoga Capital Advisors, LLC | Reduced | -106.7k |
| UBS Group AG | Reduced | -56.0k |
| RIVERBRIDGE PARTNERS LLC | Reduced | -42.2k |
| T. Rowe Price Investment Management, Inc. | Reduced | -28.8k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC | Reduced | -27.1k |
| Capital International Investors | Reduced | -25.3k |
Biggest calls
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.5m5.4k shares |
| CITADEL ADVISORS LLC | Added | $1.5m5.3k shares |
| JANE STREET GROUP, LLC | Added | $890.6k3.2k shares |
Biggest puts
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $1.0m3.6k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| BlackRock, Inc. 13G · institution filed 2025-10-17 | 13.9% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.5% |
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.2% |
Fell to 5% or below in the last year: WASATCH ADVISORS LP (4.2%, 2026-07-13), Capital World Investors (4.3%, 2026-05-14), VANGUARD GROUP INC (0.0%, 2026-03-26; now reported by VANGUARD PORTFOLIO MANAGEMENT LLC)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 4 | $2.6m | $2.5m |
| Q1 2025 | 0 | — | 5 | $4.4m | $4.4m |
| Q2 2025 | 0 | — | 5 | $3.1m | $3.1m |
| Q3 2025 | 0 | — | 4 | $1.6m | $1.6m |
| Q4 2025 | 0 | — | 6 | $2.5m | $726.9k |
| Q1 2026 | 1 | $77.0k | 3 | $1.4m | $1.2m |
| Q2 2026 | 0 | — | 3 | $1.9m | $1.9m |
| Q3 2026 | 0 | — | 3 | $3.2m | $1.4m |
| Date | Insider | Trade | Value |
|---|---|---|---|
| 2026-09-15 | Armes Joseph B Chairman, President & CEO, director | Sold plan | $434.4k1.5k shares |
| 2026-08-14 | Armes Joseph B Chairman, President & CEO, director | Sold plan | $517.7k1.5k shares |
| 2026-08-10 | UNDERWOOD JEFF EVP, GM Contractor Solutions | Sold | $249.8k720 shares |
| 2026-08-05 | Sullivan Don EVP, Chief Strategy Officer | Sold | $1.6m4.5k shares |
| 2026-07-15 | Armes Joseph B Chairman, President & CEO, director | Sold plan | $434.9k1.5k shares |
| 2026-06-15 | Armes Joseph B Chairman, President & CEO, director | Sold plan | $419.3k1.5k shares |
| 2026-05-27 | Armes Joseph B Chairman, President & CEO, director | Sold plan | $425.9k1.5k shares |
| 2026-05-01 | Alverson Luke SVP, GC & Secretary | Sold plan | $291.6k1.0k shares |
| 2026-04-15 | Armes Joseph B Chairman, President & CEO, director | Sold plan | $430.2k1.5k shares |
| 2026-04-15 | Sullivan Don EVP, Chief Strategy Officer | Sold plan | $49.8k166 shares |
| 2026-04-07 | Alverson Luke SVP, GC & Secretary | Sold plan | $268.0k1.0k shares |
Their holding: how much the trade added to or took from the insider's holding (direct, or the trust or fund named). The same trade is sometimes reported by more than one insider, such as a fund and the director who represents it; totals count it once. A value is left blank where the reported price is far from the market price (usually a typo).
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.01% of their portfolio | 2.5m $686.5m | Added +76.2k |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.01% of their portfolio | 888.6k $247.3m | Reduced -9.1k |
| Capital World Investors 0.02% of their portfolio | 746.5k $207.8m | Added +30.5k |
| VANGUARD CAPITAL MANAGEMENT LLC 0.00% of their portfolio | 736.3k $204.9m | Added +3.8k |
| WASATCH ADVISORS LP 1.26% of their portfolio | 693.0k $192.9m | Reduced -180.6k |
| STATE STREET CORP 0.01% of their portfolio | 674.8k $187.6m | Added +33.7k |
| MORGAN STANLEY 0.01% of their portfolio | 573.7k $159.7m | Reduced -21.8k |
| Conestoga Capital Advisors, LLC 2.86% of their portfolio | 471.7k $131.3m | Reduced -106.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.01% of their portfolio | 411.6k $114.6m | Added +22.5k |
| NEUBERGER BERMAN GROUP LLC 0.07% of their portfolio | 369.5k $102.8m | Reduced -2.4k |
| KAYNE ANDERSON RUDNICK INVESTMENT MANAGEMENT LLC 0.30% of their portfolio | 348.3k $96.9m | Reduced -27.1k |
| DIMENSIONAL FUND ADVISORS LP 0.02% of their portfolio | 317.2k $88.3m | Added +10.8k |
| CONGRESS ASSET MANAGEMENT CO 0.51% of their portfolio | 300.5k $83.6m | Added +48.2k |
| Channing Capital Management, LLC 1.92% of their portfolio | 299.4k $83.3m | Reduced -6.0k |
| FIRST MANHATTAN CO. LLC. 0.19% of their portfolio | 270.2k $75.2m | Added +403 |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 266.2k $74.1m | Reduced -171.2k |
| T. Rowe Price Investment Management, Inc. 0.04% of their portfolio | 234.0k $65.1m | Reduced -28.8k |
| NORTHERN TRUST CORP 0.01% of their portfolio | 205.7k $57.2m | Added +1.8k |
| GOLDMAN SACHS GROUP INC 0.01% of their portfolio | 201.9k $56.2m | Added +5.2k |
| CI INVESTMENTS INC. 0.18% of their portfolio | 200.3k $55.8m | Added +155.1k |
| GW&K Investment Management, LLC 0.42% of their portfolio | 191.9k $53.4m | Added +18.7k |
| Thrivent Financial for Lutherans 0.08% of their portfolio | 181.3k $50.5m | Reduced -2.9k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.01% of their portfolio | 180.6k $50.3m | Added +5.1k |
| Select Equity Group, L.P. 0.25% of their portfolio | 171.6k $47.8m | Added +58.1k |
| Capital International Investors 0.01% of their portfolio | 164.7k $45.8m | Reduced -25.3k |
| NORGES BANK 0.00% of their portfolio | 159.8k $44.5m | Not comparable |
| MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.05% of their portfolio | 140.5k $39.1m | Added +10.5k |
| Champlain Investment Partners, LLC 0.99% of their portfolio | 138.5k $38.5m | Reduced -24.2k |
| Jupiter Topco LLC 0.01% of their portfolio | 131.7k $36.7m | First filing |
| Allspring Global Investments Holdings, LLC 0.05% of their portfolio | 130.7k $35.7m | Reduced -557 |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio | 118.7k $33.0m | Reduced -22.4k |
| VANGUARD FIDUCIARY TRUST CO 0.01% of their portfolio | 118.0k $32.8m | Added +3.4k |
| RAYMOND JAMES FINANCIAL INC 0.01% of their portfolio | 107.3k $29.9m | Reduced -12.4k |
| BANK OF AMERICA CORP /DE/ 0.00% of their portfolio | 107.1k $29.8m | Reduced -12.6k |
| Bank of New York Mellon Corp 0.00% of their portfolio | 100.3k $27.9m | Added +2.4k |
| DF DENT & CO INC 0.51% of their portfolio | 97.0k $27.0m | Added +458 |
| LOOMIS SAYLES & CO L P 0.03% of their portfolio | 96.4k $26.8m | Reduced -6.8k |
| SOUTHERNSUN ASSET MANAGEMENT, LLC 3.55% of their portfolio | 94.7k $26.4m | Added +6.4k |
| SEI INVESTMENTS CO 0.02% of their portfolio | 94.3k $26.2m | Added +12.7k |
| Capital Research Global Investors 0.00% of their portfolio | 89.3k $24.8m | Added +2.4k |
| MetLife Investment Management, LLC 0.11% of their portfolio | 83.7k $23.3m | Added +75.0k |
| Langdon Equity Partners 12.83% of their portfolio | 82.5k $23.0m | Added +3.2k |
| Zuckerman Investment Group, LLC 1.90% of their portfolio | 80.8k $22.5m | Added +675 |
| PRINCIPAL FINANCIAL GROUP INC 0.01% of their portfolio | 80.5k $22.4m | Added +11 |
| NEW YORK STATE COMMON RETIREMENT FUND 0.03% of their portfolio | 77.4k $21.5m | Added +800 |
| FIFTH THIRD BANCORP 0.03% of their portfolio | 73.7k $20.5m | Reduced -7.3k |
| RIVERBRIDGE PARTNERS LLC 0.57% of their portfolio | 73.4k $20.4m | Reduced -42.2k |
| WELLS FARGO & COMPANY/MN 0.00% of their portfolio | 71.4k $19.9m | Added +7.0k |
| AMERIPRISE FINANCIAL INC 0.00% of their portfolio | 63.9k $17.8m | Reduced -5.8k |
| ENVESTNET ASSET MANAGEMENT INC 0.00% of their portfolio | 63.4k $17.7m | Reduced -3.0k |
| Rockefeller Capital Management L.P. 0.03% of their portfolio | 60.2k $16.7m | Added +11.5k |
| JACOBSON & SCHMITT ADVISORS, LLC 2.65% of their portfolio | 58.3k $16.2m | Reduced -5.4k |
| UBS Group AG 0.00% of their portfolio | 57.4k $16.0m | Reduced -56.0k |
| NATIXIS ADVISORS, LLC 0.02% of their portfolio | 56.9k $15.8m | Reduced -21.7k |
| Public Sector Pension Investment Board 0.04% of their portfolio | 56.6k $15.8m | Reduced -2.3k |
| Tidal Investments LLC 0.04% of their portfolio | 56.3k $15.7m | Added +13.3k |
| Tributary Capital Management, LLC 1.28% of their portfolio | 55.9k $15.5m | Reduced -1.6k |
| JONES FINANCIAL COMPANIES LLLP 0.01% of their portfolio | 55.8k $15.8m | Added +4.2k |
| PUNCH & ASSOCIATES INVESTMENT MANAGEMENT, INC. 0.75% of their portfolio | 54.3k $15.1m | Added +3.3k |
| SILVERCREST ASSET MANAGEMENT GROUP LLC 0.10% of their portfolio | 53.3k $14.8m | Reduced -4.7k |
| GENEVA CAPITAL MANAGEMENT LLC 0.34% of their portfolio | 52.7k $14.7m | Reduced -14.2k |
| JANE STREET GROUP, LLC 0.01% of their portfolio | 49.8k $13.9m | New |
| SEGALL BRYANT & HAMILL, LLC 0.15% of their portfolio | 44.7k $12.4m | Added +769 |
| BESSEMER GROUP INC 0.02% of their portfolio | 42.8k $11.9m | Reduced -1.9k |
| Nuveen, LLC 0.00% of their portfolio | 42.1k $11.7m | Added +4.7k |
| Invesco Ltd. 0.00% of their portfolio | 40.8k $11.3m | Reduced -130.6k |
| Montanaro Asset Management Ltd 3.57% of their portfolio | 40.7k $11.3m | Reduced -9.1k |
| Creative Planning 0.01% of their portfolio | 39.6k $11.0m | Reduced -3.5k |
| RHUMBLINE ADVISERS 0.01% of their portfolio | 38.8k $10.8m | Reduced -5.1k |
| Legal & General Group Plc 0.00% of their portfolio | 36.6k $10.2m | Reduced -1.5k |
| SG Americas Securities, LLC 0.01% of their portfolio | 35.4k $9.9m | Reduced -121 |
| PEREGRINE CAPITAL MANAGEMENT LLC 0.31% of their portfolio | 33.8k $9.4m | Reduced -1.7k |
| Heron Bay Capital Management 0.84% of their portfolio | 33.2k $9.2m | Reduced -1.8k |
| Swiss National Bank 0.00% of their portfolio | 31.4k $8.7m | Reduced -1.6k |
| Mawer Investment Management Ltd. 0.06% of their portfolio | 30.8k $8.6m | Added +11.8k |
| KING LUTHER CAPITAL MANAGEMENT CORP 0.03% of their portfolio | 30.4k $8.5m | Reduced -693 |
| Granite Investment Partners, LLC 0.42% of their portfolio | 29.2k $8.1m | Added +78 |
| ROYAL BANK OF CANADA 0.00% of their portfolio | 29.1k $8.1m | Reduced -4.1k |
| OSAIC HOLDINGS, INC. 0.01% of their portfolio | 28.7k $8.0m | Reduced -697 |
| FRED ALGER MANAGEMENT, LLC 0.02% of their portfolio | 26.9k $7.5m | Reduced -455 |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.00% of their portfolio | 26.8k $7.5m | Reduced -281 |
| SCHWARTZ INVESTMENT COUNSEL INC 0.25% of their portfolio | 26.5k $7.4m | Added +535 |
| SageView Advisory Group, LLC 0.23% of their portfolio | 24.8k $6.9m | Reduced -3.1k |
| ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio | 21.5k $5.6m | Added +1.7k |
| HighTower Advisors, LLC 0.01% of their portfolio | 20.8k $5.8m | Added +19.4k |
| JPMORGAN CHASE & CO 0.00% of their portfolio | 20.2k $5.7m | Reduced -4.2k |
| Bragg Financial Advisors, Inc 0.15% of their portfolio | 19.8k $5.5m | Reduced -61 |
| ROYCE & ASSOCIATES LP 0.04% of their portfolio | 19.4k $5.4m | Added +83 |
| CITIGROUP INC 0.00% of their portfolio | 19.2k $5.3m | Added +4.3k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.00% of their portfolio | 19.0k $5.3m | Reduced -533 |
| MOUNTAIN PACIFIC INVESTMENT ADVISERS LLC 0.82% of their portfolio | 18.7k $5.2m | Reduced -414 |
| 1900 WEALTH MANAGEMENT LLC 0.28% of their portfolio | 18.3k $5.1m | Unchanged |
| LPL Financial LLC 0.00% of their portfolio | 17.8k $5.0m | Reduced -2.7k |
| DEUTSCHE BANK AG\ 0.00% of their portfolio | 17.8k $5.0m | Added +2.2k |
| Susquehanna Portfolio Strategies, LLC 0.08% of their portfolio | 17.4k $4.9m | Reduced -3.5k |
| PRUDENTIAL FINANCIAL INC 0.01% of their portfolio | 17.0k $4.7m | Added +192 |
| EVERETT HARRIS & CO /CA/ 0.06% of their portfolio | 16.6k $4.6m | Reduced -259 |
| Moody Aldrich Partners LLC 0.82% of their portfolio | 16.3k $4.5m | Reduced -4.5k |
| OPPENHEIMER ASSET MANAGEMENT INC. 0.04% of their portfolio | 14.5k $4.0m | Reduced -1.7k |
| CANADA LIFE ASSURANCE Co 0.01% of their portfolio | 13.2k $3.7m | Reduced -644 |