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NYSE · Consumer Discretionary

BIRKENSTOCK HOLDING PLC BIRK

Birkenstock is a German shoe brand with more than 250 years of shoemaking tradition. It is world-famous for its ergonomic footbed design and the concept of promoting foot health. The company's business includes footwear, sleep systems and natural cosmetics, with its positioning covering the mass to high-end markets. Investment analysis can focus on its brand moat, cross-category expansion and global growth potential.

Sources Company annual reports / financials annualreports.com
Footwear & Accessories

Company profile

Business mix

  • Shoes are the core product, covering various styles such as sandals and clogs, while also expanding into sleep systems and natural cosmetics categories.
  • Rooted in a family shoemaking tradition dating back to 1774, the brand invented its iconic footbed technology with functionality, quality and tradition as its core values.

Current key questions

  • As a "super brand" targeting all global customer groups, whether its brand popularity can continue to be transformed into sales growth and effectively respond to changes in fashion trends.
  • Cross-category expansion into the sleep and beauty fields may divert resources, and the mid- to long-term profit contribution of the new business needs to be verified.
  • Macroeconomic fluctuations may suppress mid- to high-end discretionary consumption, and companies need to maintain pricing flexibility and cost control to ride out the cycle.
Holders 1 Current sample portfolio
Public mentions 0 Videos / interviews / letters
Valuation snapshot
PE 19.07 FCF 4.63% Buyback 1.75%
2026-06-07

Current firm holders

Firm Weight Value Filing period
Baron Capital Ron Baron 1.0% $335.6M 2026-03-31

Recent trading changes over the last 3 quarters

Last 1 quarters Last 2 quarters Last 3 quarters Last 4 quarters
Net buyers 1 Last 3 13F filing periods
Net reducers 1 Last 3 13F filing periods
Unchanged holders 0 Share count unchanged
Increase amount $175.2M Estimated from net added shares
Reduction amount $55.1M Estimated from net reduced shares
Net share change / base shares +95.0% +4,562,035 / 4,804,033
Baron Capital Ron Baron 3 filing periods
13F 2025-09-30 Filed 2025-11-14
Major increase Shares 41.9% 13F value change +$67.3M
13F 2025-12-31 Filed 2026-02-17
Major increase Shares 25.4% 13F value change +$38.3M
13F 2026-03-31 Filed 2026-05-15
Major increase Shares 17.6% 13F value change +$9.8M
Settlement As of 13F 2026-03-31 · Filed 2026-05-15
Base shares 4,477,403 Last 3 periods +4,888,665 (+109.2%) Total shares 9,366,068 Value $335.6M
Durable Capital Partners Henry Ellenbogen 3 filing periods
13F 2025-06-30 Filed 2025-08-14
Sold out Shares -100.0% 13F value change -$15.0M
13F 2025-09-30 Filed 2025-11-14
New Shares - 13F value change +$40.1M
13F 2025-12-31 Filed 2026-02-17
Sold out Shares -100.0% 13F value change -$40.1M
Settlement As of 13F 2025-12-31 · Filed 2026-02-17
Base shares 326,630 Last 3 periods -326,630 (-100.0%) Total shares 0 Value $0

Recent mentions

No public mentions.