HEARTLAND ADVISORS INC
CIK 0000937394
Annualised vol
5.662842%
Beta
0.213895
HHI
69.386488
Top-10 weight
13.726338%
VaR 95%
0.506647%
VaR 99%
1.004299%
Max drawdown
11.571381%
Matched value
57.25621%
Returns of reported holdings
Loading returns…
Position changes vs prior quarter
What the latest 13F shows bought and sold against the quarter before, by share count.
| Ticker | Change | Shares now | Shares before | Share change % | Value now ($) |
|---|---|---|---|---|---|
| SIMO | REDUCED | 123,895 | 252,084 | -50.85% | 41,297,920 |
| CCS | ADDED | 516,410 | 454,587 | 13.6% | 37,005,941 |
| CGAU | REDUCED | 2,148,931 | 2,216,216 | -3.04% | 34,082,046 |
| TDY | REDUCED | 41,448 | 41,805 | -0.85% | 27,641,671 |
| TFX | REDUCED | 211,848 | 215,998 | -1.92% | 26,853,852 |
| ASB | REDUCED | 835,979 | 875,879 | -4.56% | 25,723,074 |
| CCBG | UNCHANGED | 500,000 | 500,000 | 0.0% | 24,710,000 |
| EZPW | UNCHANGED | 705,906 | 705,906 | 0.0% | 24,403,170 |
| EVTC | ADDED | 840,400 | 250,000 | 236.16% | 23,346,312 |
| PRMB | ADDED | 938,304 | 875,411 | 7.18% | 22,932,150 |
| VNOM | ADDED | 536,382 | 530,479 | 1.11% | 22,742,597 |
| PSA | NEW | 69,500 | - | - | 22,122,545 |
| ALGT | ADDED | 184,835 | 184,005 | 0.45% | 21,736,596 |
| NWPX | REDUCED | 140,000 | 200,000 | -30.0% | 20,991,600 |
| XRN | ADDED | 556,260 | 444,085 | 25.26% | 20,870,875 |
| PHIN | REDUCED | 252,333 | 257,333 | -1.94% | 20,784,669 |
| WSO | REDUCED | 49,860 | 51,593 | -3.36% | 20,778,158 |
| IIIV | ADDED | 965,250 | 606,950 | 59.03% | 20,617,740 |
| NOV | REDUCED | 1,108,587 | 1,194,332 | -7.18% | 20,564,289 |
| EXC | REDUCED | 437,106 | 437,424 | -0.07% | 20,377,882 |
| BDX | ADDED | 129,740 | 116,344 | 11.51% | 19,633,554 |
| LXP | ADDED | 363,350 | 231,400 | 57.02% | 19,577,298 |
| GBCI | REDUCED | 361,699 | 372,023 | -2.78% | 18,656,434 |
| MGY | REDUCED | 615,475 | 630,475 | -2.38% | 15,743,851 |
| HSY | REDUCED | 88,817 | 88,864 | -0.05% | 15,582,943 |
| COLM | ADDED | 250,091 | 235,091 | 6.38% | 15,460,626 |
| FOR | REDUCED | 474,813 | 505,090 | -5.99% | 15,027,831 |
| LYFT | ADDED | 990,050 | 823,200 | 20.27% | 14,464,631 |
| KEYS | REDUCED | 39,354 | 40,676 | -3.25% | 13,776,655 |
| TCBK | UNCHANGED | 250,000 | 250,000 | 0.0% | 13,462,500 |
| SANM | ADDED | 50,000 | 40,000 | 25.0% | 12,654,000 |
| WEC | ADDED | 108,279 | 59,517 | 81.93% | 12,643,739 |
| SAH | ADDED | 147,598 | 123,225 | 19.78% | 12,514,834 |
| XRAY | ADDED | 1,167,350 | 953,250 | 22.46% | 12,385,584 |
| PLAB | ADDED | 379,795 | 370,675 | 2.46% | 12,354,731 |
| UTL | ADDED | 232,349 | 150,000 | 54.9% | 12,242,469 |
| MTRN | REDUCED | 40,550 | 48,352 | -16.14% | 12,059,165 |
| DCI | REDUCED | 132,479 | 132,607 | -0.1% | 11,892,640 |
| CUBI | REDUCED | 150,000 | 170,775 | -12.17% | 11,865,000 |
| HUM | ADDED | 29,632 | 21,353 | 38.77% | 11,770,423 |
| SYY | REDUCED | 139,290 | 190,561 | -26.91% | 11,641,858 |
| RPRX | REDUCED | 204,398 | 214,398 | -4.66% | 11,460,596 |
| INVX | ADDED | 444,373 | 407,332 | 9.09% | 11,020,450 |
| LAMR | REDUCED | 70,116 | 75,116 | -6.66% | 10,936,694 |
| GOOGL | REDUCED | 30,415 | 32,177 | -5.48% | 10,860,233 |
| INBK | REDUCED | 375,900 | 384,900 | -2.34% | 10,450,020 |
| ADTN | UNCHANGED | 750,000 | 750,000 | 0.0% | 10,425,000 |
| FE | REDUCED | 217,875 | 262,586 | -17.03% | 10,357,778 |
| RNST | ADDED | 239,965 | 187,554 | 27.94% | 10,208,111 |
| XEL | ADDED | 122,828 | 109,177 | 12.5% | 9,863,088 |
| FCFS | REDUCED | 44,877 | 47,446 | -5.41% | 9,707,793 |
| DGX | REDUCED | 45,311 | 46,986 | -3.56% | 9,603,666 |
| MUSA | REDUCED | 17,732 | 24,049 | -26.27% | 9,555,243 |
| NVST | REDUCED | 352,353 | 402,353 | -12.43% | 9,284,502 |
| NIC | UNCHANGED | 55,758 | 55,758 | 0.0% | 9,221,816 |
| ARMK | UNCHANGED | 159,926 | 159,926 | 0.0% | 9,099,789 |
| BMRC | ADDED | 325,508 | 250,000 | 30.2% | 9,016,572 |
| NEOG | UNCHANGED | 1,000,000 | 1,000,000 | 0.0% | 8,990,000 |
| MSA | ADDED | 51,275 | 29,129 | 76.03% | 8,951,590 |
| MOH | UNCHANGED | 39,140 | 39,140 | 0.0% | 8,951,318 |
| AUDC | REDUCED | 917,650 | 965,734 | -4.98% | 8,882,852 |
| CWCO | REDUCED | 298,450 | 300,250 | -0.6% | 8,804,275 |
| QNST | ADDED | 600,000 | 500,000 | 20.0% | 8,790,000 |
| PZZA | REDUCED | 228,250 | 239,850 | -4.84% | 8,392,753 |
| EG | REDUCED | 23,172 | 23,937 | -3.2% | 8,277,734 |
| CTOS | REDUCED | 700,000 | 1,000,000 | -30.0% | 8,267,000 |
| LSCC | REDUCED | 53,964 | 64,367 | -16.16% | 8,254,333 |
| HUBB | ADDED | 15,626 | 12,061 | 29.56% | 8,175,523 |
| NUE | REDUCED | 36,438 | 45,155 | -19.3% | 8,116,565 |
| AQN | REDUCED | 1,367,030 | 1,392,030 | -1.8% | 8,010,796 |
| SXT | REDUCED | 64,798 | 67,784 | -4.41% | 7,988,945 |
| SMTC | REDUCED | 48,572 | 56,253 | -13.65% | 7,861,378 |
| DNOW | ADDED | 600,000 | 550,000 | 9.09% | 7,782,000 |
| ICHR | REDUCED | 67,500 | 200,000 | -66.25% | 7,578,900 |
| BALL | REDUCED | 120,139 | 131,986 | -8.98% | 7,496,674 |
| WCC | ADDED | 21,481 | 21,399 | 0.38% | 7,420,182 |
| TIPT | UNCHANGED | 400,000 | 400,000 | 0.0% | 7,168,000 |
| CTS | REDUCED | 107,905 | 134,196 | -19.59% | 7,034,327 |
| HLMN | NEW | 800,000 | - | - | 6,752,000 |
| PCYO | REDUCED | 611,309 | 627,264 | -2.54% | 6,547,119 |
| NRC | NEW | 300,000 | - | - | 6,471,000 |
| JBSS | UNCHANGED | 70,000 | 70,000 | 0.0% | 6,019,300 |
| SLB | UNCHANGED | 129,428 | 129,428 | 0.0% | 6,017,108 |
| OGS | REDUCED | 75,438 | 80,438 | -6.22% | 5,814,007 |
| JNJ | REDUCED | 22,532 | 22,618 | -0.38% | 5,722,452 |
| KEX | REDUCED | 41,474 | 44,772 | -7.37% | 5,639,220 |
| MIDD | UNCHANGED | 32,599 | 32,599 | 0.0% | 5,607,354 |
| INGR | REDUCED | 57,643 | 75,877 | -24.03% | 5,459,369 |
| LTRX | UNCHANGED | 900,000 | 900,000 | 0.0% | 5,292,000 |
| RHI | REDUCED | 172,251 | 172,644 | -0.23% | 5,288,106 |
| AOS | REDUCED | 83,505 | 130,710 | -36.11% | 5,237,434 |
| KNF | UNCHANGED | 60,000 | 60,000 | 0.0% | 5,019,000 |
| ON | REDUCED | 52,312 | 140,942 | -62.88% | 4,945,576 |
| AMZN | ADDED | 19,478 | 15,945 | 22.16% | 4,642,387 |
| BLDR | REDUCED | 51,134 | 53,634 | -4.66% | 4,575,470 |
| WH | REDUCED | 54,068 | 59,068 | -8.46% | 4,553,066 |
| WTW | ADDED | 17,279 | 13,842 | 24.83% | 4,516,212 |
| PARK | ADDED | 200,000 | 189,539 | 5.52% | 4,310,000 |
| AVO | NEW | 329,279 | - | - | 3,882,199 |
| TEL | REDUCED | 18,319 | 18,330 | -0.06% | 3,693,294 |
| UL | REDUCED | 60,605 | 60,941 | -0.55% | 3,643,573 |
| MTN | REDUCED | 25,551 | 27,521 | -7.16% | 3,478,769 |
| BRC | REDUCED | 36,208 | 106,918 | -66.13% | 3,315,567 |
| LDOS | REDUCED | 31,089 | 39,517 | -21.33% | 3,201,234 |
| ACNT | NEW | 200,618 | - | - | 3,015,289 |
| QUAD | UNCHANGED | 300,000 | 300,000 | 0.0% | 2,529,000 |
| EPAC | REDUCED | 70,402 | 107,151 | -34.3% | 2,524,616 |
| SU | ADDED | 46,575 | 46,564 | 0.02% | 2,500,146 |
| TYL | ADDED | 8,136 | 4,562 | 78.34% | 2,379,455 |
| BCHT | UNCHANGED | 1,000,000 | 1,000,000 | 0.0% | 2,050,000 |
| LRCX | REDUCED | 3,285 | 8,712 | -62.29% | 1,423,489 |
| ALK | REDUCED | 26,945 | 44,700 | -39.72% | 1,406,529 |
| NFGC | REDUCED | 854,200 | 900,700 | -5.16% | 1,315,468 |
| BWXT | REDUCED | 6,601 | 8,163 | -19.14% | 1,284,885 |
| AAPL | REDUCED | 3,989 | 4,141 | -3.67% | 1,154,257 |
| MSFT | REDUCED | 3,060 | 3,090 | -0.97% | 1,141,441 |
| TGEN | NEW | 182,100 | - | - | 950,562 |
| V | UNCHANGED | 1,905 | 1,905 | 0.0% | 653,586 |
| PG | UNCHANGED | 3,683 | 3,683 | 0.0% | 540,075 |
| HD | UNCHANGED | 1,239 | 1,239 | 0.0% | 436,971 |
| SBUX | REDUCED | 4,165 | 4,226 | -1.44% | 425,621 |
| EHC | REDUCED | 4,198 | 13,743 | -69.45% | 424,334 |
| JPM | UNCHANGED | 1,285 | 1,285 | 0.0% | 420,619 |
| UNH | UNCHANGED | 945 | 945 | 0.0% | 392,770 |
| BLK | UNCHANGED | 325 | 325 | 0.0% | 312,507 |
| NVDA | UNCHANGED | 1,330 | 1,330 | 0.0% | 266,120 |
| MCD | UNCHANGED | 980 | 980 | 0.0% | 264,904 |
| NEE | UNCHANGED | 2,600 | 2,600 | 0.0% | 228,202 |
| CVX | UNCHANGED | 1,200 | 1,200 | 0.0% | 198,912 |
| ADI | UNCHANGED | 435 | 435 | 0.0% | 172,769 |
| PEP | UNCHANGED | 1,000 | 1,000 | 0.0% | 135,400 |
| ABT | UNCHANGED | 1,350 | 1,350 | 0.0% | 122,499 |
| HON | REDUCED | 525 | 1,050 | -50.0% | 117,548 |
| HONA | NEW | 525 | - | - | 116,067 |
| CEG | UNCHANGED | 303 | 303 | 0.0% | 75,256 |
| ORCL | UNCHANGED | 300 | 300 | 0.0% | 43,965 |
| SNYRQ | CLOSED OUT | 0 | 550,000 | -100.0% | 0 |
| PRGO | CLOSED OUT | 0 | 150,219 | -100.0% | 0 |
| RH | CLOSED OUT | 0 | 35,000 | -100.0% | 0 |
| ICLR | CLOSED OUT | 0 | 16,066 | -100.0% | 0 |
Holdings (latest quarter)
| Ticker | Change | Issuer | Class | CUSIP | Value ($) | Weight % | Shares |
|---|---|---|---|---|---|---|---|
| SIMO | REDUCED | SILICON MOTION TECHNOLOGY CO | SPONSORED ADR | 82706C108 | 41,297,920 | 1.84 | 123895.0 |
| CCS | ADDED | CENTURY COMMUNITIES INC | COM | 156504300 | 37,005,941 | 1.65 | 516410.0 |
| CGAU | REDUCED | CENTERRA GOLD INC | COM | 152006102 | 34,082,046 | 1.52 | 2148931.0 |
| - | ENCORE CAP GROUP INC | COM | 292554102 | 33,847,944 | 1.51 | 362825.0 | |
| - | TEXAS CAP BANCSHARES INC | COM | 88224Q107 | 28,991,587 | 1.29 | 280763.0 | |
| TDY | REDUCED | TELEDYNE TECHNOLOGIES INC | COM | 879360105 | 27,641,671 | 1.23 | 41448.0 |
| TFX | REDUCED | TELEFLEX INCORPORATED | COM | 879369106 | 26,853,852 | 1.2 | 211848.0 |
| - | ACADEMY SPORTS & OUTDOORS IN | COM | 00402L107 | 26,578,539 | 1.18 | 563941.0 | |
| - | QUAKER HOUGHTON | COM | 747316107 | 26,259,463 | 1.17 | 165289.0 | |
| ASB | REDUCED | ASSOCIATED BANC-CORP | COM | 045487105 | 25,723,074 | 1.15 | 835979.0 |
| - | CASS INFORMATION SYS INC | COM | 14808P109 | 25,321,596 | 1.13 | 493406.0 | |
| CCBG | UNCHANGED | CAPITAL CITY BANK | COM | 139674105 | 24,710,000 | 1.1 | 500000.0 |
| EZPW | UNCHANGED | EZCORP INC | CL A NON VTG | 302301106 | 24,403,170 | 1.09 | 705906.0 |
| EVTC | ADDED | EVERTEC INC | COM | 30040P103 | 23,346,312 | 1.04 | 840400.0 |
| PRMB | ADDED | PRIMO BRANDS CORPORATION | CLASS A COM SHS | 741623102 | 22,932,150 | 1.02 | 938304.0 |
| VNOM | ADDED | VIPER ENERGY INC | CL A | 64361Q101 | 22,742,597 | 1.01 | 536382.0 |
| - | INTEGER HLDGS CORP | COM | 45826H109 | 22,449,867 | 1.0 | 240234.0 | |
| PSA | NEW | PUBLIC STORAGE | COM | 74460D109 | 22,122,545 | 0.99 | 69500.0 |
| - | ELDORADO GOLD CORP NEW | COM | 284902509 | 22,059,910 | 0.98 | 709550.0 | |
| - | GATES INDL CORP PLC | ORD SHS | G39108108 | 21,890,553 | 0.97 | 782644.0 | |
| - | HUNT J B TRANS SVCS INC | COM | 445658107 | 21,796,394 | 0.97 | 75308.0 | |
| ALGT | ADDED | ALLEGIANT TRAVEL CO | COM | 01748X102 | 21,736,596 | 0.97 | 184835.0 |
| - | EOG RES INC | COM | 26875P101 | 21,572,023 | 0.96 | 166284.0 | |
| - | SEACOAST BKG CORP FLA | COM NEW | 811707801 | 21,493,864 | 0.96 | 646432.0 | |
| NWPX | REDUCED | NWPX INFRASTRUCTURE INC | COM | 667746101 | 20,991,600 | 0.93 | 140000.0 |
| XRN | ADDED | CHIRON REAL ESTATE INC | COM NEW | 37954A303 | 20,870,875 | 0.93 | 556260.0 |
| - | CAMDEN PPTY TR | SH BEN INT | 133131102 | 20,819,778 | 0.93 | 181848.0 | |
| PHIN | REDUCED | PHINIA INC | COMMON STOCK | 71880K101 | 20,784,669 | 0.93 | 252333.0 |
| WSO | REDUCED | WATSCO INC | COM | 942622200 | 20,778,158 | 0.93 | 49860.0 |
| IIIV | ADDED | I3 VERTICALS INC | COM CL A | 46571Y107 | 20,617,740 | 0.92 | 965250.0 |
| NOV | REDUCED | NOV INC | COM | 62955J103 | 20,564,289 | 0.92 | 1108587.0 |
| EXC | REDUCED | EXELON CORP | COM | 30161N101 | 20,377,882 | 0.91 | 437106.0 |
| BDX | ADDED | BECTON DICKINSON & CO | COM | 075887109 | 19,633,554 | 0.87 | 129740.0 |
| LXP | ADDED | LXP INDUSTRIAL TRUST | COM | 529043408 | 19,577,298 | 0.87 | 363350.0 |
| GBCI | REDUCED | GLACIER BANCORP INC NEW | COM | 37637Q105 | 18,656,434 | 0.83 | 361699.0 |
| - | HEXCEL CORP NEW | COM | 428291108 | 18,004,296 | 0.8 | 179935.0 | |
| - | BARRETT BUSINESS SVCS INC | COM | 068463108 | 15,984,000 | 0.71 | 450000.0 | |
| - | ARCBEST CORP | COM | 03937C105 | 15,789,400 | 0.7 | 110000.0 | |
| MGY | REDUCED | MAGNOLIA OIL & GAS CORP | CL A | 559663109 | 15,743,851 | 0.7 | 615475.0 |
| HSY | REDUCED | HERSHEY CO | COM | 427866108 | 15,582,943 | 0.69 | 88817.0 |
| COLM | ADDED | COLUMBIA SPORTSWEAR CO | COM | 198516106 | 15,460,626 | 0.69 | 250091.0 |
| - | MOHAWK INDS INC | COM | 608190104 | 15,298,257 | 0.68 | 126088.0 | |
| FOR | REDUCED | FORESTAR GROUP INC | COM | 346232101 | 15,027,831 | 0.67 | 474813.0 |
| - | HAEMONETICS CORP MASS | COM | 405024100 | 15,000,000 | 0.67 | 200000.0 | |
| - | ASTEC INDS INC | COM | 046224101 | 14,782,892 | 0.66 | 241590.0 | |
| - | COOPER COS INC | COM | 216648501 | 14,616,936 | 0.65 | 203834.0 | |
| - | SHOALS TECHNOLOGIES GROUP IN | CL A | 82489W107 | 14,513,895 | 0.65 | 1466050.0 | |
| LYFT | ADDED | LYFT INC | CL A COM | 55087P104 | 14,464,631 | 0.64 | 990050.0 |
| - | SENSATA TECHNOLOGIES HLDG PL | SHS | G8060N102 | 14,114,331 | 0.63 | 295650.0 | |
| KEYS | REDUCED | KEYSIGHT TECHNOLOGIES INC | COM | 49338L103 | 13,776,655 | 0.61 | 39354.0 |
| TCBK | UNCHANGED | TRICO BANCSHARES | COM | 896095106 | 13,462,500 | 0.6 | 250000.0 |
| - | THOR INDS INC | COM | 885160101 | 12,863,935 | 0.57 | 171154.0 | |
| - | MGIC INVT CORP WIS | COM | 552848103 | 12,690,000 | 0.57 | 450000.0 | |
| SANM | ADDED | SANMINA CORP | COM | 801056102 | 12,654,000 | 0.56 | 50000.0 |
| WEC | ADDED | WEC ENERGY GROUP INC | COM | 92939U106 | 12,643,739 | 0.56 | 108279.0 |
| SAH | ADDED | SONIC AUTOMOTIVE INC | CL A | 83545G102 | 12,514,834 | 0.56 | 147598.0 |
| XRAY | ADDED | DENTSPLY SIRONA INC | COM | 24906P109 | 12,385,584 | 0.55 | 1167350.0 |
| PLAB | ADDED | PHOTRONICS INC | COM | 719405102 | 12,354,731 | 0.55 | 379795.0 |
| - | CORE LABORATORIES INC | COM | 21867A105 | 12,329,323 | 0.55 | 1058311.0 | |
| UTL | ADDED | UNITIL CORP | COM | 913259107 | 12,242,469 | 0.55 | 232349.0 |
| MTRN | REDUCED | MATERION CORP | COM | 576690101 | 12,059,165 | 0.54 | 40550.0 |
| - | MARKETAXESS HLDGS INC | COM | 57060D108 | 11,908,052 | 0.53 | 104926.0 | |
| DCI | REDUCED | DONALDSON INC | COM | 257651109 | 11,892,640 | 0.53 | 132479.0 |
| - | COMMUNITY TR BANCORP INC | COM | 204149108 | 11,882,236 | 0.53 | 164210.0 | |
| - | D R HORTON INC | COM | 23331A109 | 11,865,319 | 0.53 | 72847.0 | |
| CUBI | REDUCED | CUSTOMERS BANCORP INC | COM | 23204G100 | 11,865,000 | 0.53 | 150000.0 |
| HUM | ADDED | HUMANA INC | COM | 444859102 | 11,770,423 | 0.52 | 29632.0 |
| - | GETTY RLTY CORP NEW | COM | 374297109 | 11,676,000 | 0.52 | 350000.0 | |
| SYY | REDUCED | SYSCO CORP | COM | 871829107 | 11,641,858 | 0.52 | 139290.0 |
| RPRX | REDUCED | ROYALTY PHARMA PLC | SHS CLASS A | G7709Q104 | 11,460,596 | 0.51 | 204398.0 |
| - | NORTHERN TR CORP | COM | 665859104 | 11,460,228 | 0.51 | 65924.0 | |
| - | TETRA TECHNOLOGIES INC DEL | COM | 88162F105 | 11,331,133 | 0.5 | 1000100.0 | |
| INVX | ADDED | INNOVEX INTERNATIONAL INC | COM | 457651107 | 11,020,450 | 0.49 | 444373.0 |
| LAMR | REDUCED | LAMAR ADVERTISING CO | CL A | 512816109 | 10,936,694 | 0.49 | 70116.0 |
| - | LITTELFUSE INC | COM | 537008104 | 10,792,687 | 0.48 | 23703.0 | |
| - | F N B CORP | COM | 302520101 | 10,787,107 | 0.48 | 565362.0 | |
| - | KINDER MORGAN INC DEL | COM | 49456B101 | 10,633,638 | 0.47 | 332613.0 | |
| INBK | REDUCED | FIRST INTERNET BANCORP | COM | 320557101 | 10,450,020 | 0.47 | 375900.0 |
| ADTN | UNCHANGED | ADTRAN HOLDINGS INC | COM | 00486H105 | 10,425,000 | 0.46 | 750000.0 |
| FE | REDUCED | FIRSTENERGY CORP | COM | 337932107 | 10,357,778 | 0.46 | 217875.0 |
| RNST | ADDED | RENASANT CORP | COM | 75970E107 | 10,208,111 | 0.45 | 239965.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL A | 02079K305 | 10,057,821 | 0.45 | 28144.0 |
| - | SCHEIN HENRY INC | COM | 806407102 | 10,022,400 | 0.45 | 120000.0 | |
| - | PACKAGING CORP AMER | COM | 695156109 | 9,962,010 | 0.44 | 41808.0 | |
| XEL | ADDED | XCEL ENERGY INC | COM | 98389B100 | 9,863,088 | 0.44 | 122828.0 |
| - | CENTENE CORP DEL | COM | 15135B101 | 9,764,005 | 0.43 | 152111.0 | |
| FCFS | REDUCED | FIRSTCASH HOLDINGS INC | COM | 33768G107 | 9,707,793 | 0.43 | 44877.0 |
| DGX | REDUCED | QUEST DIAGNOSTICS INC | COM | 74834L100 | 9,603,666 | 0.43 | 45311.0 |
| MUSA | REDUCED | MURPHY USA INC | COM | 626755102 | 9,555,243 | 0.43 | 17732.0 |
| - | ALPINE INCOME PPTY TR INC | COM | 02083X103 | 9,449,433 | 0.42 | 455175.0 | |
| - | ARCH CAP GROUP LTD | ORD | G0450A105 | 9,329,116 | 0.42 | 96117.0 | |
| NVST | REDUCED | ENVISTA HOLDINGS CORPORATION | COM | 29415F104 | 9,284,502 | 0.41 | 352353.0 |
| NIC | UNCHANGED | NICOLET BANKSHARES INC | COM | 65406E102 | 9,221,816 | 0.41 | 55758.0 |
| - | PNC FINL SVCS GROUP INC | COM | 693475105 | 9,198,041 | 0.41 | 37357.0 | |
| - | WATERS CORP | COM | 941848103 | 9,174,604 | 0.41 | 24463.0 | |
| ARMK | UNCHANGED | ARAMARK | COM | 03852U106 | 9,099,789 | 0.41 | 159926.0 |
| BMRC | ADDED | BANK OF MARIN BANCORP | COM | 063425102 | 9,016,572 | 0.4 | 325508.0 |
| - | FB FINL CORP | COM | 30257X104 | 8,993,323 | 0.4 | 162481.0 | |
| NEOG | UNCHANGED | NEOGEN CORP | COM | 640491106 | 8,990,000 | 0.4 | 1000000.0 |
| MSA | ADDED | MSA SAFETY INC | COM | 553498106 | 8,951,590 | 0.4 | 51275.0 |
| MOH | UNCHANGED | MOLINA HEALTHCARE INC | COM | 60855R100 | 8,951,318 | 0.4 | 39140.0 |
| AUDC | REDUCED | AUDIOCODES LTD | ORD | M15342104 | 8,882,852 | 0.4 | 917650.0 |
| CWCO | REDUCED | CONSOLIDATED WATER CO INC | ORD | G23773107 | 8,804,275 | 0.39 | 298450.0 |
| QNST | ADDED | QUINSTREET INC | COM | 74874Q100 | 8,790,000 | 0.39 | 600000.0 |
| - | EASTGROUP PPTYS INC | COM | 277276101 | 8,705,955 | 0.39 | 42986.0 | |
| - | DOUBLEDOWN INTERACTIVE CO LT | ADS | 25862B109 | 8,610,000 | 0.38 | 750000.0 | |
| - | OXFORD INDS INC | COM | 691497309 | 8,516,300 | 0.38 | 244230.0 | |
| - | STIFEL FINL CORP | COM | 860630102 | 8,487,730 | 0.38 | 121653.0 | |
| - | SONOCO PRODS CO | COM | 835495102 | 8,452,500 | 0.38 | 150000.0 | |
| PZZA | REDUCED | PAPA JOHNS INTL INC | COM | 698813102 | 8,392,753 | 0.37 | 228250.0 |
| EG | REDUCED | EVEREST GROUP LTD | COM | G3223R108 | 8,277,734 | 0.37 | 23172.0 |
| CTOS | REDUCED | CUSTOM TRUCK ONE SOURCE INC | COM CL A | 23204X103 | 8,267,000 | 0.37 | 700000.0 |
| LSCC | REDUCED | LATTICE SEMICONDUCTOR CORP | COM | 518415104 | 8,254,333 | 0.37 | 53964.0 |
| - | STEWART INFORMATION SVCS COR | COM | 860372101 | 8,252,500 | 0.37 | 125000.0 | |
| - | COLUMBUS MCKINNON CORP N Y | COM | 199333105 | 8,242,068 | 0.37 | 544750.0 | |
| HUBB | ADDED | HUBBELL INC | COM | 443510607 | 8,175,523 | 0.36 | 15626.0 |
| - | HERITAGE FINL CORP WASH | COM | 42722X106 | 8,145,500 | 0.36 | 275000.0 | |
| NUE | REDUCED | NUCOR CORP | COM | 670346105 | 8,116,565 | 0.36 | 36438.0 |
| - | HANOVER INS GROUP INC | COM | 410867105 | 8,039,992 | 0.36 | 37549.0 | |
| AQN | REDUCED | ALGONQUIN POWER & UTILITIES | COM | 015857105 | 8,010,796 | 0.36 | 1367030.0 |
| SXT | REDUCED | SENSIENT TECHNOLOGIES CORP | COM | 81725T100 | 7,988,945 | 0.36 | 64798.0 |
| - | ICON PUB LTD CO | SHS | G4705A100 | 7,963,388 | 0.35 | 45843.0 | |
| - | CARRIAGE SVCS INC | COM | 143905107 | 7,947,882 | 0.35 | 207300.0 | |
| SMTC | REDUCED | SEMTECH CORP | COM | 816850101 | 7,861,378 | 0.35 | 48572.0 |
| - | PARSONS CORP DEL | COM | 70202L102 | 7,858,500 | 0.35 | 150000.0 | |
| - | PPG INDS INC | COM | 693506107 | 7,855,347 | 0.35 | 64765.0 | |
| - | INTL GNRL INSURANCE HLDNGS L | SHS | G4809J106 | 7,851,000 | 0.35 | 300000.0 | |
| DNOW | ADDED | DNOW INC | COM | 67011P100 | 7,782,000 | 0.35 | 600000.0 |
| - | MILLER INDS INC TENN | COM NEW | 600551204 | 7,672,500 | 0.34 | 150000.0 | |
| - | CHOICE HOTELS INTL INC | COM | 169905106 | 7,593,854 | 0.34 | 68866.0 | |
| ICHR | REDUCED | ICHOR HOLDINGS | SHS | G4740B105 | 7,578,900 | 0.34 | 67500.0 |
| - | FEDERAL AGRIC MTG CORP | CL C | 313148306 | 7,518,059 | 0.33 | 37728.0 | |
| BALL | REDUCED | BALL CORP | COM | 058498106 | 7,496,674 | 0.33 | 120139.0 |
| WCC | ADDED | WESCO INTL INC | COM | 95082P105 | 7,420,182 | 0.33 | 21481.0 |
| TIPT | UNCHANGED | TIPTREE INC | COM | 88822Q103 | 7,168,000 | 0.32 | 400000.0 |
| CTS | REDUCED | CTS CORP | COM | 126501105 | 7,034,327 | 0.31 | 107905.0 |
| - | OLD REP INTL CORP | COM | 680223104 | 7,025,514 | 0.31 | 171689.0 | |
| - | INFUSYSTEM HLDGS INC | COM | 45685K102 | 6,755,000 | 0.3 | 700000.0 | |
| HLMN | NEW | HILLMAN SOLUTIONS CORP | COM | 431636109 | 6,752,000 | 0.3 | 800000.0 |
| - | MATADOR RES CO | COM | 576485205 | 6,686,350 | 0.3 | 134318.0 | |
| - | GROCERY OUTLET HLDG CORP | COM | 39874R101 | 6,605,762 | 0.29 | 661900.0 | |
| - | SOUTHWEST AIRLS CO | COM | 844741108 | 6,560,009 | 0.29 | 127577.0 | |
| PCYO | REDUCED | PURE CYCLE CORP | COM NEW | 746228303 | 6,547,119 | 0.29 | 611309.0 |
| NRC | NEW | NRC HEALTH | COM NEW | 637372202 | 6,471,000 | 0.29 | 300000.0 |
| - | BENCHMARK ELECTRS INC | COM | 08160H101 | 6,413,550 | 0.29 | 65000.0 | |
| - | GRANITE CONSTR INC | COM | 387328107 | 6,408,405 | 0.29 | 40539.0 | |
| - | CARLISLE COS INC | COM | 142339100 | 6,298,791 | 0.28 | 17364.0 | |
| - | MARTEN TRANS LTD | COM | 573075108 | 6,072,500 | 0.27 | 350000.0 | |
| - | IDEX CORP | COM | 45167R104 | 6,065,466 | 0.27 | 26726.0 | |
| JBSS | UNCHANGED | SANFILIPPO JOHN B & SON INC | COM | 800422107 | 6,019,300 | 0.27 | 70000.0 |
| SLB | UNCHANGED | SLB LIMITED | COM STK | 806857108 | 6,017,108 | 0.27 | 129428.0 |
| - | MARCUS CORP DEL | COM | 566330106 | 5,982,300 | 0.27 | 255000.0 | |
| - | PRIMORIS SVCS CORP | COM | 74164F103 | 5,947,200 | 0.26 | 60000.0 | |
| OGS | REDUCED | ONE GAS INC | COM | 68235P108 | 5,814,007 | 0.26 | 75438.0 |
| JNJ | REDUCED | JOHNSON & JOHNSON | COM | 478160104 | 5,722,452 | 0.25 | 22532.0 |
| - | PERMA-FIX ENVIRONMENTAL SVCS | COM NEW | 714157203 | 5,716,000 | 0.25 | 400000.0 | |
| KEX | REDUCED | KIRBY CORP | COM | 497266106 | 5,639,220 | 0.25 | 41474.0 |
| MIDD | UNCHANGED | MIDDLEBY CORP | COM | 596278101 | 5,607,354 | 0.25 | 32599.0 |
| - | LINCOLN ELEC HLDGS INC | COM | 533900106 | 5,526,060 | 0.25 | 20813.0 | |
| INGR | REDUCED | INGREDION INC | COM | 457187102 | 5,459,369 | 0.24 | 57643.0 |
| - | FIDELITY NATL INFORMATION SV | COM | 31620M106 | 5,446,855 | 0.24 | 140094.0 | |
| - | ISHARES TR | CORE US AGGBD ET | 464287226 | 5,295,628 | 0.24 | 53502.0 | |
| LTRX | UNCHANGED | LANTRONIX INC | COM NEW | 516548203 | 5,292,000 | 0.24 | 900000.0 |
| RHI | REDUCED | ROBERT HALF INC. | COM | 770323103 | 5,288,106 | 0.24 | 172251.0 |
| AOS | REDUCED | SMITH A O CORP | COM | 831865209 | 5,237,434 | 0.23 | 83505.0 |
| - | INTERNATIONAL FLAVORS&FRAGRA | COM | 459506101 | 5,114,206 | 0.23 | 64557.0 | |
| - | BERKSHIRE HATHAWAY INC DEL | CL B NEW | 084670702 | 5,034,924 | 0.22 | 10062.0 | |
| KNF | UNCHANGED | KNIFE RIVER CORP | COMMON STOCK | 498894104 | 5,019,000 | 0.22 | 60000.0 |
| - | LINCOLN EDL SVCS CORP | COM | 533535100 | 4,990,000 | 0.22 | 100000.0 | |
| ON | REDUCED | ON SEMICONDUCTOR CORP | COM | 682189105 | 4,945,576 | 0.22 | 52312.0 |
| - | GREENBRIER COS INC | COM | 393657101 | 4,901,000 | 0.22 | 100000.0 | |
| - | GENERAC HLDGS INC | COM | 368736104 | 4,729,760 | 0.21 | 16153.0 | |
| AMZN | ADDED | AMAZON COM INC | COM | 023135106 | 4,642,387 | 0.21 | 19478.0 |
| BLDR | REDUCED | BUILDERS FIRSTSOURCE INC | COM | 12008R107 | 4,575,470 | 0.2 | 51134.0 |
| WH | REDUCED | WYNDHAM HOTELS & RESORTS INC | COM | 98311A105 | 4,553,066 | 0.2 | 54068.0 |
| WTW | ADDED | WILLIS TOWERS WATSON PLC LTD | SHS | G96629103 | 4,516,212 | 0.2 | 17279.0 |
| - | TEXAS INSTRS INC | COM | 882508104 | 4,395,638 | 0.2 | 14747.0 | |
| PARK | ADDED | PARK DENTAL PARTNERS INC | COM | 700402100 | 4,310,000 | 0.19 | 200000.0 |
| - | WABASH NATL CORP | COM | 929566107 | 4,001,400 | 0.18 | 296400.0 | |
| - | HAYWARD HLDGS INC | COM | 421298100 | 3,967,175 | 0.18 | 229184.0 | |
| AVO | NEW | MISSION PRODUCE INC | COM | 60510V108 | 3,882,199 | 0.17 | 329279.0 |
| - | ACUSHNET HLDGS CORP | COM | 005098108 | 3,846,061 | 0.17 | 32448.0 | |
| - | NORTHWESTERN ENERGY GROUP IN | COM NEW | 668074305 | 3,845,063 | 0.17 | 53687.0 | |
| TEL | REDUCED | TE CONNECTIVITY PLC | ORD SHS | G87052109 | 3,693,294 | 0.16 | 18319.0 |
| - | CISCO SYS INC | COM | 17275R102 | 3,670,390 | 0.16 | 31248.0 | |
| UL | REDUCED | UNILEVER PLC | SPON ADR NEW | 904767803 | 3,643,573 | 0.16 | 60605.0 |
| MTN | REDUCED | VAIL RESORTS INC | COM | 91879Q109 | 3,478,769 | 0.15 | 25551.0 |
| BRC | REDUCED | BRADY CORP | CL A | 104674106 | 3,315,567 | 0.15 | 36208.0 |
| LDOS | REDUCED | LEIDOS HOLDINGS INC | COM | 525327102 | 3,201,234 | 0.14 | 31089.0 |
| ACNT | NEW | ASCENT INDUSTRIES CO | COM | 871565107 | 3,015,289 | 0.13 | 200618.0 |
| - | GLOBAL WTR RES INC | COM | 379463102 | 2,952,045 | 0.13 | 407741.0 | |
| - | ELEVANCE HEALTH INC FORMERLY | COM | 036752103 | 2,948,043 | 0.13 | 7623.0 | |
| - | GRAND CANYON ED INC | COM | 38526M106 | 2,794,509 | 0.12 | 19527.0 | |
| QUAD | UNCHANGED | QUAD / GRAPHICS INC | COM CL A | 747301109 | 2,529,000 | 0.11 | 300000.0 |
| EPAC | REDUCED | ENERPAC TOOL GROUP CORP | CL A COM | 292765104 | 2,524,616 | 0.11 | 70402.0 |
| SU | ADDED | SUNCOR ENERGY INC NEW | COM | 867224107 | 2,500,146 | 0.11 | 46575.0 |
| - | PHOENIX ED PARTNERS INC | COM | 718968100 | 2,398,214 | 0.11 | 73005.0 | |
| TYL | ADDED | TYLER TECHNOLOGIES INC | COM | 902252105 | 2,379,455 | 0.11 | 8136.0 |
| - | BJS WHSL CLUB HLDGS INC | COM | 05550J101 | 2,353,370 | 0.1 | 26982.0 | |
| - | EXXON MOBIL CORP | COM | 30231G102 | 2,251,368 | 0.1 | 16467.0 | |
| BCHT | UNCHANGED | BIRCHTECH CORP | COM SHS | 59833H200 | 2,050,000 | 0.09 | 1000000.0 |
| - | ESSENTIAL UTILS INC | COM | 29670G102 | 1,742,684 | 0.08 | 45489.0 | |
| - | ARCTURUS THERAPEUTICS HLDGS | COM | 03969T109 | 1,473,696 | 0.07 | 219300.0 | |
| - | FIRST AMERN FINL CORP | COM | 31847R102 | 1,450,198 | 0.06 | 21143.0 | |
| - | CANADIAN NATL RY CO | COM | 136375102 | 1,442,923 | 0.06 | 12101.0 | |
| - | LAKELAND FINL CORP | COM | 511656100 | 1,434,867 | 0.06 | 23248.0 | |
| LRCX | REDUCED | LAM RESEARCH CORP | COM NEW | 512807306 | 1,423,489 | 0.06 | 3285.0 |
| ALK | REDUCED | ALASKA AIR GROUP INC | COM | 011659109 | 1,406,529 | 0.06 | 26945.0 |
| NFGC | REDUCED | NEW FOUND GOLD CORP | COM | 64440N103 | 1,315,468 | 0.06 | 854200.0 |
| BWXT | REDUCED | BWX TECHNOLOGIES INC | COM | 05605H100 | 1,284,885 | 0.06 | 6601.0 |
| AAPL | REDUCED | APPLE INC | COM | 037833100 | 1,154,257 | 0.05 | 3989.0 |
| MSFT | REDUCED | MICROSOFT CORP | COM | 594918104 | 1,141,441 | 0.05 | 3060.0 |
| - | APPLIED MATLS INC | COM | 038222105 | 1,127,157 | 0.05 | 1559.0 | |
| - | SIMPSON MFG INC | COM | 829073105 | 1,021,000 | 0.05 | 4877.0 | |
| TGEN | NEW | TECOGEN INC NEW | COM NEW | 87876P201 | 950,562 | 0.04 | 182100.0 |
| GOOGL | REDUCED | ALPHABET INC | CAP STK CL C | 02079K107 | 802,412 | 0.04 | 2271.0 |
| V | UNCHANGED | VISA INC | COM CL A | 92826C839 | 653,586 | 0.03 | 1905.0 |
| - | INTERACTIVE BROKERS GROUP IN | COM CL A | 45841N107 | 595,267 | 0.03 | 6839.0 | |
| PG | UNCHANGED | PROCTER & GAMBLE CO | COM | 742718109 | 540,075 | 0.02 | 3683.0 |
| - | ILLINOIS TOOL WKS INC | COM | 452308109 | 459,799 | 0.02 | 1700.0 | |
| HD | UNCHANGED | HOME DEPOT INC | COM | 437076102 | 436,971 | 0.02 | 1239.0 |
| SBUX | REDUCED | STARBUCKS CORP | COM | 855244109 | 425,621 | 0.02 | 4165.0 |
| EHC | REDUCED | ENCOMPASS HEALTH CORP | COM | 29261A100 | 424,334 | 0.02 | 4198.0 |
| JPM | UNCHANGED | JPMORGAN CHASE & CO | COM | 46625H100 | 420,619 | 0.02 | 1285.0 |
| UNH | UNCHANGED | UNITEDHEALTH GROUP INC | COM | 91324P102 | 392,770 | 0.02 | 945.0 |
| - | PRESTIGE CONSMR HEALTHCARE I | COM | 74112D101 | 359,536 | 0.02 | 7606.0 | |
| BLK | UNCHANGED | BLACKROCK INC | COM | 09290D101 | 312,507 | 0.01 | 325.0 |
| NVDA | UNCHANGED | NVIDIA CORPORATION | COM | 67066G104 | 266,120 | 0.01 | 1330.0 |
| MCD | UNCHANGED | MCDONALDS CORP | COM | 580135101 | 264,904 | 0.01 | 980.0 |
| NEE | UNCHANGED | NEXTERA ENERGY INC | COM | 65339F101 | 228,202 | 0.01 | 2600.0 |
| - | ISHARES TR | MSCI INTL QUALTY | 46434V456 | 213,015 | 0.01 | 4299.0 | |
| CVX | UNCHANGED | CHEVRON CORPORATION | COM | 166764100 | 198,912 | 0.01 | 1200.0 |
| ADI | UNCHANGED | ANALOG DEVICES INC | COM | 032654105 | 172,769 | 0.01 | 435.0 |
| - | WELLS FARGO & CO | COM | 949746101 | 165,280 | 0.01 | 2000.0 | |
| - | UNION PAC CORP | COM | 907818108 | 156,400 | 0.01 | 575.0 | |
| PEP | UNCHANGED | PEPSICO INC | COM | 713448108 | 135,400 | 0.01 | 1000.0 |
| ABT | UNCHANGED | ABBOTT LABORATORIES | COM | 002824100 | 122,499 | 0.01 | 1350.0 |
| - | US BANCORP | COM NEW | 902973304 | 120,800 | 0.01 | 2000.0 | |
| HON | REDUCED | HONEYWELL INTL INC | COM | 438516205 | 117,548 | 0.01 | 525.0 |
| HONA | NEW | HONEYWELL AEROSPACE INC | COM | 43849R105 | 116,067 | 0.01 | 525.0 |
| - | VANGUARD INDEX FDS | SMALL CP ETF | 922908751 | 112,458 | 0.01 | 371.0 | |
| - | ISHARES TR | CORE S&P500 ETF | 464287200 | 104,845 | 0.0 | 140.0 | |
| CEG | UNCHANGED | CONSTELLATION ENERGY CORP | COM | 21037T109 | 75,256 | 0.0 | 303.0 |
| ORCL | UNCHANGED | ORACLE CORP | COM | 68389X105 | 43,965 | 0.0 | 300.0 |
Quarterly portfolios
| Period | Filed | Value ($) | Positions | Vol % | Beta | Max DD % |
|---|---|---|---|---|---|---|
| 2026-06-30 | 2026-08-11 | 2,245,916,098 | 244 | 5.662842 | 0.213895 | 11.571381 |
| 2026-03-31 | 2026-05-06 | 1,960,472,856 | 244 | 5.859765 | 0.223938 | 12.524123 |
| 2025-12-31 | 2026-02-11 | 1,856,599,713 | 253 | 5.406942 | 0.211675 | 11.74004 |
| 2025-09-30 | 2025-11-07 | 1,892,907,827 | 237 | 5.691756 | 0.221606 | 12.02753 |
| 2025-03-31 | 2025-05-07 | 1,741,553,718 | 202 | 5.565105 | 0.216205 | 12.438098 |
| 2024-12-31 | 2025-02-12 | 1,839,979,109 | 198 | 5.440904 | 0.211371 | 12.06685 |