DNOW Inc.
MX ˙ BMV ˙ US67011P1003
SecurityMX:DNOW / DNOW Inc.
InstitutionTwo Sigma Advisers, Lp
Latest Disclosed Ownership62,664 shares
Latest Disclosed Value $ 830,298
Two Sigma Advisers, Lp reports 60.68% increase in ownership of DNOW / DNOW Inc.

On February 17, 2026 - Two Sigma Advisers, Lp filed a 13F-HR form disclosing ownership of 62,664 shares of DNOW Inc. (MX:DNOW) valued at $830,298 USD as of December 31, 2025. The entity filed a previous 13F-HR on November 14, 2025 disclosing 39,000 shares of DNOW Inc.. This represents a change in shares of 60.68% 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 DNOW COM 67011P100 62,664 23,664 60.68 830 39.73 0.0016
2025-11-14 2025-09-30 13F DNOW COM 67011P100 39,000 -15,400 -28.31 595 -26.30 0.0012
2025-08-14 2025-06-30 13F DNOW COM 67011P100 54,400 -86,500 -61.39 807 -66.50 0.0017
2025-05-15 2025-03-31 13F DNOW COM 67011P100 140,900 -140,600 -49.95 2,407 -34.30 0.0054
2025-02-14 2024-12-31 13F DNOW COM 67011P100 281,500 -14,100 -4.77 3,662 -4.19 0.0085
2024-11-14 2024-09-30 13F DNOW COM 67011P100 295,600 -90,700 -23.48 3,822 -27.93 0.0090
2024-08-14 2024-06-30 13F DNOW COM 67011P100 386,300 -210,200 -35.24 5,304 -41.51 0.0118
2024-05-15 2024-03-31 13F DNOW COM 67011P100 596,500 -79,700 -11.79 9,067 18.45 0.0210
2024-02-14 2023-12-31 13F NOW COM 67011P100 676,200 64,700 10.58 7,655 5.46 0.0179
2023-11-14 2023-09-30 13F NOW COM 67011P100 611,500 80,200 15.10 7,259 31.87 0.0186
2023-08-14 2023-06-30 13F NOW COM 67011P100 531,300 69,500 15.05 5,504 6.89 0.0140
2023-05-15 2023-03-31 13F NOW COM 67011P100 461,800 -108,700 -19.05 5,149 -28.93 0.0133
2023-02-14 2022-12-31 13F NOW COM 67011P100 570,500 -35,200 -5.81 7,245 19.02 0.0202
2022-11-14 2022-09-30 13F NOW COM 67011P100 605,700 -151,300 -19.99 6,087 -17.78 0.0176
2022-08-15 2022-06-30 13F NOW COM 67011P100 757,000 -216,000 -22.20 7,403 -31.02 0.0210
2022-05-16 2022-03-31 13F NOW COM 67011P100 973,000 -416,000 -29.95 10,732 -9.53 0.0285
2022-02-14 2021-12-31 13F NOW COM 67011P100 1,389,000 825,900 146.67 11,862 175.35 0.0297
2021-11-15 2021-09-30 13F NOW COM 67011P100 563,100 -7,000 -1.23 4,308 -20.37 0.0112
2021-08-16 2021-06-30 13F NOW COM 67011P100 570,100 -172,300 -23.21 5,410 -27.78 0.0143
2021-05-17 2021-03-31 13F NOW COM 67011P100 742,400 -447,300 -37.60 7,491 -12.30 0.0206
2021-02-16 2020-12-31 13F NOW COM 67011P100 1,189,700 75,800 6.80 8,542 68.91 0.0228
2020-11-16 2020-09-30 13F NOW COM 67011P100 1,113,900 688,200 161.66 5,057 37.64 0.0144
2020-09-15 2020-06-30 13F/A-1 NOW COM 67011P100 425,700 50,300 13.40 3,674 89.67 0.0108
2020-08-14 2020-06-30 13F NOW COM 67011P100 425,700 50,300 3,674 10,616.6398
2020-05-15 2020-03-31 13F NOW COM 67011P100 375,400 185,900 98.10 1,937 -9.06 0.0074
2020-02-14 2019-12-31 13F NOW COM 67011P100 189,500 189,500 2,130 0.0049
2019-05-15 2019-03-31 13F NOW COM 67011P100 0 -19,700 -100.00 0 -100.00
2019-02-14 2018-12-31 13F NOW COM 67011P100 19,700 -104,600 -84.15 229 -88.87 0.0006
2018-11-14 2018-09-30 13F NOW COM 67011P100 124,300 -169,800 -57.74 2,057 -47.53 0.0050
2018-08-14 2018-06-30 13F NOW COM 67011P100 294,100 -92,900 -24.01 3,920 -0.88 0.0105
2018-05-15 2018-03-31 13F NOW COM 67011P100 387,000 139,100 56.11 3,955 44.66 0.0107
2018-02-14 2017-12-31 13F NOW COM 67011P100 247,900 202,700 448.45 2,734 338.14 0.0074
2017-11-14 2017-09-30 13F NOW COM 67011P100 45,200 -158,000 -77.76 624 -80.90 0.0018
2017-08-14 2017-06-30 13F NOW COM 67011P100 203,200 36,927 22.21 3,267 15.85 0.0108
2017-05-15 2017-03-31 13F NOW COM 67011P100 166,273 77,173 86.61 2,820 54.61 0.0092
2017-02-14 2016-12-31 13F NOW COM 67011P100 89,100 37,000 71.02 1,824 63.29 0.0070
2016-11-14 2016-09-30 13F NOW COM 67011P100 52,100 -3,700 -6.63 1,117 10.38 0.0048
2016-08-15 2016-06-30 13F NOW COM 67011P100 55,800 -47,500 -45.98 1,012 -44.70 0.0051
2016-05-16 2016-03-31 13F NOW COM 67011P100 103,300 22,800 28.32 1,830 43.64 0.0102
2016-02-16 2015-12-31 13F NOW COM 67011P100 80,500 52,200 184.45 1,274 172.22 0.0076
2015-11-16 2015-09-30 13F NOW COM 67011P100 28,300 -13,000 -31.48 468 -43.07 0.0030
2016-02-09 2015-06-30 13F/A-1 NOW COMMON STOCK 67011P100 41,300 27,800 205.93 822 181.51 0.0063
2015-08-14 2015-06-30 13F NOW COMMON STOCK 67011P100 32,700 683
2016-02-09 2015-03-31 13F/A-1 NOW COMMON STOCK 67011P100 13,500 -17,600 -56.59 292 -63.50 0.0022
2015-05-15 2015-03-31 13F NOW COMMON STOCK 67011P100 16,700 359
2016-02-09 2014-12-31 13F/A-1 NOW Common Stock 67011P100 31,100 31,100 800 0.0064
2015-02-17 2014-12-31 13F NOW Common Stock 67011P100 27,400 705 0.0056
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.