According to the most recent reported 13F filings, institutional investors showed selective but constructive buying interest in Mohawk Industries Inc. (MHK), with activity led by value-oriented hedge funds, quantitative investors, and opportunistic macro managers. This accumulation suggests growing confidence in Mohawk’s ability to benefit from a housing and renovation recovery cycle, improve margins through operational efficiencies, and capitalize on its global flooring leadership position despite ongoing macroeconomic headwinds. Below are the most notable buyers from the latest reported quarter:
APPALOOSA LP (David Tepper)
Shares: 675,000 Change: +513,500 Value: $0.07B
David Tepper’s Appaloosa led activity with the largest increase this quarter, representing a substantial expansion in exposure. The aggressive buying suggests Tepper sees significant upside potential in Mohawk as cyclical housing demand stabilizes and earnings recover from depressed levels. The investment may also reflect confidence that the market is undervaluing Mohawk’s long-term cash generation and global scale advantages.
AQR CAPITAL MANAGEMENT LLC (Cliff Asness)
Shares: 1,829,347 Change: +251,012 Value: $0.20B
AQR added meaningfully to its already large position, likely driven by quantitative signals tied to valuation, free cash flow generation, and mean-reversion potential. Mohawk’s depressed multiple and historically cyclical recovery profile may screen attractively within AQR’s systematic framework.
GOTHAM ASSET MANAGEMENT, LLC (Joel Greenblatt)
Shares: 96,995 Change: +61,035 Value: $0.01B
Joel Greenblatt’s firm increased exposure significantly, consistent with its disciplined value-oriented investment strategy. Mohawk’s earnings power during normalized housing conditions and its strong market position in flooring products likely make the shares attractive from a return-on-capital and valuation perspective.
OLSTEIN CAPITAL MANAGEMENT, L.P. (Rob Olstein)
Shares: 68,750 Change: +13,250 Value: $0.00B
Rob Olstein modestly added to the position, signaling continued confidence in Mohawk’s long-term recovery potential. Olstein often targets companies trading below intrinsic value where temporary cyclical weakness obscures normalized profitability.
PZENA INVESTMENT MANAGEMENT LLC (Rich Pzena)
Shares: 1,186,400 Change: +7,332 Value: $0.13B
Pzena maintained and slightly increased a sizable position, reinforcing conviction from one of the market’s most recognized deep-value investors. The firm likely views Mohawk as a classic cyclical value opportunity with significant upside leverage to improving housing activity and margin normalization.
POINT72 ASSET MANAGEMENT, L.P. (Steve Cohen)
Shares: 86,845 Change: NEW POSITION Value: $0.01B
Steve Cohen’s Point72 initiated a new position during the quarter. While relatively modest in size, the addition suggests growing institutional interest in a potential cyclical rebound story as flooring demand and consumer spending conditions stabilize.
BRIDGEWATER ASSOCIATES, LP (Ray Dalio)
Shares: 10,785 Change: NEW POSITION Value: $0.00B
Ray Dalio’s Bridgewater also established a new position this quarter. The purchase may reflect a broader macro view that housing-related industrial names could benefit from easing inflation pressures, eventual rate stabilization, or improving global manufacturing conditions.
Overall Takeaway
Collectively, these filings highlight improving institutional sentiment toward Mohawk Industries shares, led by a major addition from Appaloosa and continued accumulation from AQR, Gotham, and Pzena.
The concentration of buyers among respected value investors, quantitative funds, and opportunistic macro managers suggests growing confidence that MHK may be undervalued relative to its normalized earnings power and long-term industry position. As housing activity eventually recovers and cost pressures ease, Mohawk appears well-positioned to benefit from operating leverage, stronger demand trends, and renewed investor interest in cyclical industrial and consumer-related companies.
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