Dnow Inc.
A global distributor of pipe, valves, fittings, pumps, and process equipment for energy and industrial markets, DNOW supplies everything from gas-utility parts to vapor-recovery systems like its EcoVapor ZerO2. It was spun off from National Oilwell Varco in 2014, long operated under the DistributionNOW brand, and formally renamed DNOW Inc. in 2024. In November 2025 it completed an all-stock acquisition of rival MRC Global, now running under both brands. Fun fact: its ZerO2 vapor-recovery unit has no moving parts.
Estimated from filings — the split-adjusted price range over the quarters each manager built the position. A range, not a fill price; 13F reports a quarter-end snapshot, not a trade date.