One of the biggest themes in housing today is home renovation. The main reason for this is practical: cities are simply running out of space for new housing. To learn how one company is accelerating the theme of home renovation (and creating delighted customers), check out the eighth company in our current Top 10* series:
Company Name: Lowe's
Weight: 2.94% of Eventide Gilead (#8 of top 10 holdings)
Theme: Home Renovation
One of the biggest themes in housing today is home renovation. The main reason for this is practical: cities are simply running out of space for new housing. As a result, home buyers are increasingly purchasing existing, older homes. Or, instead of moving, others are choosing to stay in their homes. In both cases, rather than building their dream home, many today are looking to make an existing home their dream home through home renovation. The internet has also contributed to this trend. Through blogs and YouTube, home renovation is no longer viewed as formidable; many people are actually inspired and excited to make a space their own by taking on home improvement projects, such as rebuilding a deck or retiling a bathroom.
Lowe’s is one of the leading companies in this accelerating theme of home renovation. With over 2,390 stores in the US, Canada, and Mexico, Lowe’s supplies home owners with the materials and knowledge for tackling home improvement projects. Lowe’s leads the space in customer delight, boasting the highest Net Promoter Scores, and with a capable new management team, they are poised to build on this strong service foundation with even better execution. (Lowe’s is based in Mooresville, NC.)
Don't want to wait for the next post? To learn about all ten companies in this series, check out the Eventide Gilead Portfolio Impact Highlights here:
*A "Top 10" series is a series of articles based on top 10 holdings of a fund by weight.
Holdings percentages are based on net assets as of December 31, 2018, selected based on portfolio weight. The opinions expressed herein are those of the fund’s investment team as of December 31, 2018, and subject to change.Reliance upon the views expressed herein is at the sole discretion of the reader. Holdings can change at any time and should not be considered investment advice. Historical holdings are provided for informational purposes to help explain Eventide's values-based investment process. Eventide uses its trademark (“Investing that makes the world rejoice®”) in a figurative manner to help explain its focus on serving investors by helping to improve the world.
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