Eagle Materials Inc.
MX ˙ BMV ˙ US26969P1084
SecurityMX:EXP / Eagle Materials Inc.
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership33,300 shares
Latest Disclosed Value $ 6,882,444
Two Sigma Advisers, Lp reports 45.14% decrease in ownership of EXP / Eagle Materials Inc.

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 33,300 shares of Eagle Materials Inc. (MX:EXP) valued at $6,882,444 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 60,700 shares of Eagle Materials Inc.. This represents a change in shares of -45.14% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-02-17 2025-12-31 13F EAGLE MATLS COM 26969P108 33,300 -27,400 -45.14 6,882 -51.35 0.0134
2025-11-14 2025-09-30 13F EAGLE MATLS COM 26969P108 60,700 -46,500 -43.38 14,146 -34.71 0.0283
2025-08-14 2025-06-30 13F EAGLE MATLS COM 26969P108 107,200 86,100 408.06 21,666 362.75 0.0444
2025-05-15 2025-03-31 13F EAGLE MATLS COM 26969P108 21,100 -1,300 -5.80 4,683 -15.29 0.0105
2025-02-14 2024-12-31 13F EAGLE MATLS COM 26969P108 22,400 1,800 8.74 5,527 -6.72 0.0128
2024-11-14 2024-09-30 13F EAGLE MATLS COM 26969P108 20,600 -11,600 -36.02 5,926 -15.38 0.0139
2024-08-14 2024-06-30 13F EAGLE MATLS COM 26969P108 32,200 21,300 195.41 7,002 136.39 0.0156
2024-05-15 2024-03-31 13F EAGLE MATLS COM 26969P108 10,900 -12,300 -53.02 2,962 -37.05 0.0069
2024-02-14 2023-12-31 13F EAGLE MATLS COM 26969P108 23,200 -1,200 -4.92 4,706 15.80 0.0110
2023-11-14 2023-09-30 13F EAGLE MATLS COM 26969P108 24,400 -41,300 -62.86 4,063 -66.82 0.0104
2023-08-14 2023-06-30 13F EAGLE MATLS COM 26969P108 65,700 -15,000 -18.59 12,248 3.42 0.0312
2023-05-15 2023-03-31 13F EAGLE MATLS COM 26969P108 80,700 -21,000 -20.65 11,843 -12.35 0.0305
2023-02-14 2022-12-31 13F EAGLE MATLS COM 26969P108 101,700 15,100 17.44 13,511 45.55 0.0377
2022-11-14 2022-09-30 13F EAGLE MATLS COM 26969P108 86,600 36,100 71.49 9,282 67.18 0.0269
2022-08-15 2022-06-30 13F EAGLE MATLS COM 26969P108 50,500 14,100 38.74 5,552 18.84 0.0157
2022-05-16 2022-03-31 13F EAGLE MATLS COM 26969P108 36,400 22,600 163.77 4,672 103.40 0.0124
2022-02-14 2021-12-31 13F EAGLE MATLS COM 26969P108 13,800 9,800 245.00 2,297 337.52 0.0058
2021-11-15 2021-09-30 13F EAGLE MATLS COM 26969P108 4,000 4,000 525 0.0014
2021-05-17 2021-03-31 13F EAGLE MATLS COM 26969P108 0 -2,200 -100.00 0 -100.00
2021-02-16 2020-12-31 13F EAGLE MATLS COM 26969P108 2,200 2,200 223 0.0006
2020-11-16 2020-09-30 13F EAGLE MATERIALS COM 26969P108 0 -4,900 -100.00 0 -100.00
2020-09-15 2020-06-30 13F/A-1 EAGLE MATERIALS COM 26969P108 4,900 -1,100 -18.33 344 -1.99 0.0010
2020-08-14 2020-06-30 13F EAGLE MATERIALS COM 26969P108 4,900 -1,100 344 994.0458
2020-05-15 2020-03-31 13F EAGLE MATERIALS COM 26969P108 6,000 -25,078 -80.69 351 -87.54 0.0013
2020-02-14 2019-12-31 13F EAGLE MATERIALS COM 26969P108 31,078 1,578 5.35 2,818 6.14 0.0065
2019-11-14 2019-09-30 13F EAGLE MATERIALS COM 26969P108 29,500 -14,400 -32.80 2,655 -34.77 0.0065
2019-08-14 2019-06-30 13F EAGLE MATERIALS COM 26969P108 43,900 -193,078 -81.48 4,070 -79.63 0.0101
2019-05-15 2019-03-31 13F EAGLE MATERIALS COM 26969P108 236,978 -267,100 -52.99 19,977 -35.06 0.0504
2019-02-14 2018-12-31 13F EAGLE MATERIALS COM 26969P108 504,078 474,200 1,587.12 30,764 1,107.85 0.0840
2018-11-14 2018-09-30 13F EAGLE MATERIALS COM 26969P108 29,878 29,878 2,547 0.0062
2016-11-14 2016-09-30 13F EAGLE MATERIALS COM 26969P108 0 -98,778 -100.00 0 -100.00
2016-08-15 2016-06-30 13F EAGLE MATERIALS COM 26969P108 98,778 -122,400 -55.34 7,621 -50.85 0.0387
2016-05-16 2016-03-31 13F EAGLE MATERIALS COM 26969P108 221,178 -35,300 -13.76 15,507 0.05 0.0868
2016-02-16 2015-12-31 13F EAGLE MATERIALS COM 26969P108 256,478 71,000 38.28 15,499 20.77 0.0924
2015-11-16 2015-09-30 13F EAGLE MATERIALS COM 26969P108 185,478 103,000 124.88 12,833 103.83 0.0809
2016-02-09 2015-06-30 13F/A-1 EAGLE MATERIALS COM 26969P108 82,478 -81,300 -49.64 6,296 -53.99 0.0484
2015-08-14 2015-06-30 13F EAGLE MATERIALS COM 26969P108 82,478 6,295
2016-02-09 2015-03-31 13F/A-1 EAGLE MATERIALS COMMON STOCK 26969P108 163,778 -44,100 -21.21 13,685 -13.41 0.1050
2015-05-15 2015-03-31 13F EAGLE MATERIALS COMMON STOCK 26969P108 162,578 13,552
2016-02-09 2014-12-31 13F/A-1 EAGLE MATERIALS COMMON STOCK 26969P108 207,878 207,878 0.00 15,805 0.1263
2015-02-17 2014-12-31 13F EAGLE MATERIALS COMMON STOCK 26969P108 207,278 15,783
2014-08-14 2014-06-30 13F EAGLE MATERIALS COM 26969P108 0 -2,778 -100.00 0 -100.00
2014-05-15 2014-03-31 13F EAGLE MATERIALS COM 26969P108 2,778 2,778 246 0.0022
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.