Institution

Legato Capital Management LLC

13F for June 30, 2026, filed August 6, 2026 · SEC CIK 1442641 · Holdings history from June 30, 2015

Reported value: $1.2bn
Positions we cover: 312
Copy, a year: +13.8%
Copy Sharpe ratio: 0.60

Copy-performance statistics: August 14, 2015 to November 2, 2026. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

Holdings reported by Affinity Investment Advisors, LLC · SEC notice for June 30, 2013
Holdings reported by Castleark Management LLC · SEC notice for June 30, 2013
Holdings reported by Channing Capital Management, LLC · SEC notice for June 30, 2013
Holdings reported by Deprince Race & Zollo Inc · SEC notice for June 30, 2013
Holdings reported by Informed Momentum Co LLC · SEC notice for June 30, 2013
Holdings reported by Kennedy Capital Management LLC · SEC notice for June 30, 2013
Holdings reported by Lmcg Investments, LLC · SEC notice for June 30, 2013
Holdings reported by Mar Vista Investment Partners LLC · SEC notice for June 30, 2013
Holdings reported by Next Century Growth Investors LLC · SEC notice for June 30, 2013
Holdings reported by Oakbrook Investments LLC · SEC notice for June 30, 2013
Holdings reported by Penn Capital Management Company, LLC · SEC notice for June 30, 2013
Holdings reported by Piedmont Investment Advisors Inc · SEC notice for June 30, 2013
Holdings reported by Phocas Financial Corp. · SEC notice for June 30, 2013
Holdings reported by Redwood Investments, LLC · SEC notice for June 30, 2013
Holdings reported by Riverbridge Partners LLC · SEC notice for June 30, 2013
Holdings reported by Stephens Investment Management Group LLC · SEC notice for June 30, 2013
Holdings reported by Sustainable Growth Advisers, LP · SEC notice for June 30, 2013
Holdings reported by Twin Capital Management Inc · SEC notice for June 30, 2013
Holdings reported by Huber Capital Management LLC · SEC notice for June 30, 2013
Holdings reported by Granite Investment Partners, LLC · SEC notice for June 30, 2013
Holdings reported by Rice Hall James & Associates, LLC · SEC notice for June 30, 2013
Holdings reported by Foundry Partners, LLC · SEC notice for December 31, 2013
Holdings reported by Lombardia Capital Partners LLC · SEC notice for March 31, 2014
Holdings reported by Bank Of New York Mellon Corp · SEC notice for June 30, 2014
Holdings reported by Ami Asset Management Corp · SEC notice for December 31, 2014
Holdings reported by Apex Capital Management · SEC notice for March 31, 2015

Holdings date Find a security

678 reported entries for June 30, 2026.

Issuer	Class / type	Reported value	Quantity
GE AEROSPACE COM NEW369604301 · GE	COM	$377,467	1,010
GE VERNOVA INC36828a101	COM	$227,923	194
GENASYS INC36872p103	COM	$29,192	17,172
GENTHERM INC37253a103	COM	$1.6m	46,048
GETTY REALTY CORP REIT374297109 · GTY	COM	$1.2m	35,911
GILEAD SCIENCES INC375558103 · GILD	COM	$387,106	3,064
GLACIER BANCORP INC37637q105	COM	$898,111	17,412
GLOBUS MEDICAL INC379577208 · GMED	COM	$844,538	10,689
GRAHAM CORP384556106 · GHM	COM	$7.0m	56,303
GRAIL INC384747101 · GRAL	COM	$1.8m	26,434
GRAND CANYON EDUCATION INC38526m106	COM	$532,226	3,719
GRANITE CONSTRUCTION INC.387328107 · GVA	COM	$803,837	5,085
GREAT SOUTHERN BANCORP INC390905107 · GSBC	COM	$853,885	10,890
GREEN PLAINS RENEWABLE ENERGY393222104 · GPRE	COM	$773,014	50,261
GRIFFON CORPORATION398433102 · GFF	COM	$1.5m	15,280
GUARDIAN PHARMACY SERVICES INC40145w101	COM	$2.7m	63,310
H&R BLOCK INC093671105 · HRB	COM	$232,669	6,110
HAEMONETICS CORP405024100 · HAE	COM	$1.8m	23,450
HAPPEN INC COM NEW52603a208	COM	$2.1m	103,058
HARMONIC INC413160102 · HLIT	COM	$1.7m	105,537
HARMONY BIOSCIENCES HLDGS INC413197104 · HRMY	COM	$779,502	21,409
HAWKINS INC420261109 · HWKN	COM	$524,491	3,691
HCI GROUP INC40416e103	COM	$1.6m	9,068
HEALTHCARE SERVICES GROUP421906108 · HCSG	COM	$3.5m	140,479
HEARTFLOW INC42238d107	COM	$2.0m	69,525
HEARTLAND EXPRESS INC422347104 · HTLD	COM	$2.6m	173,484
HECLA MINING CO422704106 · HL	COM	$972,784	63,045
HELIOS TECHNOLOGIES INC42328h109	COM	$973,717	10,910
HELMERICH & PAYNE INC423452101 · HP	COM	$393,011	12,004
HERC HOLDINGS INC42704l104	COM	$1.3m	9,395
HEWLETT PACKARD ENTERPRISE COM42824c109	COM	$2.9m	63,700
HF SINCLAIR CORP COM403949100 · DINO	COM	$225,596	3,239
HILLMAN SOLUTIONS CORP431636109 · HLMN	COM	$575,456	68,182
HINGE HEALTH INC CL A433313103 · HNGE	COM	$4.1m	49,165
HOME DEPOT INC437076102 · HD	COM	$4.2m	11,910
HOPE BANCORP INC COM43940t109	COM	$356,774	26,080
HOWMET AEROSPACE INC443201108 · HWM	COM	$358,659	1,334
HUT 8 CORP44812j104	COM	$411,215	3,562
I3 VERTICALS INC46571y107	COM	$5.3m	247,394
IBEX LTD SHS NEWg4690m101	COM	$1.0m	33,051
IDENTIV INC45170x205	COM	$408,862	162,247
IES HOLDINGS INC44951w106	COM	$15.7m	21,306
ILLINOIS TOOL WORKS452308109 · ITW	COM	$217,728	805
ILLUMINA INC452327109 · ILMN	COM	$2.6m	15,058
IMPINJ INC EAM INVESTORS LLC N453204109 · PI	COM	$406,057	2,835
INCYTE CORP45337c102	COM	$374,201	3,301
INDEPENDENT BANK CORP453836108 · INDB	COM	$543,929	6,497
INDIVIOR PHARMACEUTICALS INC45579u109	COM	$902,660	22,000
INFORMATION SERVICES GROUP45675y104	COM	$1.5m	374,340
INHIBRX BIOSCIENCES INC45720n103	COM	$335,604	3,542
INMODE LTDm5425m103	COM	$149,124	10,200
INNOVAGE HOLDING CORP45784a104	COM	$407,972	34,428
INNOVEX INTERNATIONAL INC COM457651107 · INVX	COM	$883,053	35,607
INSEEGO CORP NEW45782b302	COM	$718,586	69,563
INSMED INC457669307 · INSM	COM	$1.2m	11,129
INSTEEL INDS INC45774w108	COM	$621,637	20,584
INTELLICHECK MOBILISA INC45817g201	COM	$649,079	158,312
INTERDIGITAL INC45867g101	COM	$765,867	2,705
INTERFACE INC458665304 · TILE	COM	$2.5m	68,736
INTERNATIONAL BUSINESS MACHINE459200101 · IBM	COM	$3.8m	13,500
INTERNATIONAL PAPER CO460146103 · IP	COM	$3.7m	97,000
INTREPID POTASH INC46121y201	COM	$651,437	19,873
INTUITIVE SURGICAL INC46120e602	COM	$3.3m	8,212
INVESTAR HOLDING CORPORATION46134l105	COM	$204,147	6,814
IRADIMED CORPORATION46266a109	COM	$631,938	6,613
ITURAN LOCATION AND CONTROL LTm6158m104	COM	$207,373	3,399
J & J SNACK FOODS CORP466032109 · JJSF	COM	$1.9m	25,822
JANUS INTERNATIONAL GROUP INC47103n106	COM	$70,824	12,761
JFROG LTDm6191j100	COM	$2.6m	28,685
JOBY AVIATION INC COMMON STOCKg65163100	COM	$655,522	73,489
JOHN B SANFILIPPO AND SON INC800422107 · JBSS	COM	$2.5m	29,636
JOHNSON OUTDOORS INC479167108 · JOUT	COM	$2.1m	45,870
JONES LANG LASALLE INC48020q107	COM	$299,722	967
JPMORGAN CHASE & CO46625h100	COM	$3.8m	11,504
KAISER ALUMINUM CORP483007704 · KALU	COM	$886,400	4,531
KB HOME COM48666k109	COM	$1.3m	21,345
KENNAMETAL INC489170100 · KMT	COM	$790,448	22,552
KEYCORP NEW493267108 · KEY	COM	$3.7m	161,959
KFORCE INC493732101 · KFRC	COM	$2.1m	45,165
KIMBERLY CLARK CORP494368103 · KMB	COM	$218,881	1,994
KINIKSA PHARMACEUTICALS LTD Cg52694109	COM	$5.6m	87,297
KLA TENCOR CORPORATION482480100 · KLAC	COM	$2.5m	8,269
KNIGHT SWIFT TRANSPORTATION HO499049104 · KNX	COM	$1.4m	18,400
KODIAK GAS SERVICES INC50012a108	COM	$400,067	5,325
KONTOOR BRANDS INC50050n103	COM	$2.8m	33,657
KRATOS DEFENSE & SECURITY SOLU50077b207	COM	$1.8m	36,220
KRYSTAL BIOTECH INC501147102 · KRYS	COM	$3.2m	8,713
KULICKE & SOFFA INDUSTRIES501242101 · KLIC	COM	$2.5m	18,441
KVH INDS INC482738101 · KVHI	COM	$976,026	98,489
KYMERA THERAPEUTICS INC501575104 · KYMR	COM	$957,953	8,354
L3HARRIS TECHNOLOGIES INC502431109 · LHX	COM	$3.5m	12,211
LAKELAND FINANCIAL CORP511656100 · LKFN	COM	$421,239	6,825
LAM RESEARCH CORP NEW512807306 · LRCX	COM	$850,193	1,962
LANDSTAR SYS INC515098101 · LSTR	COM	$773,883	3,742
LANTRONIX INC516548203 · LTRX	COM	$1.3m	222,569
LATTICE SEMICONDUCTOR CORP518415104 · LSCC	COM	$5.2m	33,689
LCI INDUSTRIES50189k103	COM	$991,249	9,362
LEGACY ED INC52474r207	COM	$1.3m	110,216
LEGENCE CORP CL A52476l109	COM	$672,891	7,895
LEMAITRE VASCULAR INC525558201 · LMAT	COM	$821,130	8,557

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

CopyS&P 500 $10,000 copying Legato Capital Management LLC's usable filed holdings in companies we cover from August 14, 2015, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −34.9% (S&P 500 −31.8%); beta 1.01; alpha +0.5% a year (t = 0.13); last 12 months +14.9% against +12.1%.

Reported value by quarter

Legato Capital Management LLC: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.

View chart data

Period	Reported value
2015-06-30	$33.9M
2015-12-31	$52.4M
2016-03-31	$26.2M
2016-06-30	$58M
2017-03-31	$83.3M
2017-06-30	$234.4M
2017-09-30	$672.3M
2017-12-31	$694.4M
2018-03-31	$587.5M
2018-06-30	$558.2M
2018-09-30	$514.8M
2018-12-31	$489.4M
2019-03-31	$302.9M
2019-06-30	$544.9M
2019-09-30	$537.1M
2019-12-31	$479.5M
2020-03-31	$343.1M
2020-06-30	$496.4M
2020-09-30	$453.7M
2020-12-31	$527.9M
2021-03-31	$532.6M
2021-06-30	$708.6M
2021-09-30	$527.7M
2021-12-31	$540.8M
2022-03-31	$490.3M
2022-06-30	$446.3M
2022-09-30	$386.3M
2022-12-31	$523.5M
2023-03-31	$550.5M
2023-06-30	$739.4M
2023-09-30	$690.3M
2023-12-31	$765.7M
2024-03-31	$829M
2024-06-30	$742.2M
2024-09-30	$809.1M
2024-12-31	$765.2M
2025-03-31	$742.2M
2025-06-30	$839.3M
2025-09-30	$918M
2025-12-31	$1.2B
2026-03-31	$1.1B
2026-06-30	$1.2B

Latest covered holdings and moves

Covered holdings as of June 30, 2026.

Company	Share of portfolio	Value	Shares	Change in shares
SNEXStonex Group Inc.	1.33%	$16.1m	135.5K	−19.5% Reduced
VSECVSE Corp	1.10%	$13.3m	58.1K	−5.9% Reduced
AAPLApple Inc.	0.86%	$10.4m	36.1K	−39.1% Reduced
UFPTUFP Technologies Inc	0.78%	$9.4m	35.3K	−1.2% Reduced
LINCLincoln Educational Services Corp	0.76%	$9.1m	183.1K	+5.5% Added
BGCBGC Group, Inc.	0.75%	$9.1m	848.0K	+0.4%
MODModine Manufacturing Co	0.74%	$9.0m	33.6K	−4.5% Reduced
MSFTMicrosoft Corporation	0.64%	$7.8m	20.8K	−1.2% Reduced
WINAWinmark Corp	0.63%	$7.6m	17.9K	+20.2% Added
ODCOil-dri Corp Of America	0.62%	$7.5m	73.5K	+4.2% Added
PLUSEplus Inc	0.60%	$7.2m	86.5K	−8.4% Reduced
GHMGraham Corp	0.58%	$7.0m	56.3K	+25.0% Added
MIRMMirum Pharmaceuticals, Inc.	0.57%	$6.8m	58.5K	+40.1% Added
COHUCohu Inc	0.56%	$6.8m	91.4K	−13.4% Reduced
STRLSterling Infrastructure, Inc.	0.54%	$6.5m	7.7K	−64.4% Reduced
DJCODaily Journal Corp	0.53%	$6.4m	10.7K	0.0%
SMTCSemtech Corp	0.52%	$6.3m	38.8K	+5.3% Added
CRSCarpenter Technology Corp	0.50%	$6.1m	9.8K	−19.6% Reduced
AMZNAmazon	0.44%	$5.3m	22.2K	−42.4% Reduced
LSCCLattice Semiconductor Corp	0.43%	$5.2m	33.7K	−12.7% Reduced
CLMBClimb Global Solutions, Inc.	0.40%	$4.8m	207.9K	0.0%
CALYCallaway Golf Co	0.40%	$4.8m	256.1K	+63.6% Added
POWLPowell Industries Inc	0.39%	$4.7m	16.4K	+219.4% Added
BBYBest Buy	0.38%	$4.5m	59.9K	+2.1% Added
BMYBristol Myers Squibb	0.35%	$4.3m	74.1K	−8.5% Reduced
LINDLindblad Expeditions Holdings, Inc.	0.35%	$4.3m	151.1K	+325.4% Added
WERNWerner Enterprises Inc	0.35%	$4.2m	97.4K	+352.1% Added
AMGNAmgen	0.35%	$4.2m	11.6K	+11.0% Added
HDThe Home Depot	0.35%	$4.2m	11.9K	−0.7% Reduced
BACBank of America	0.34%	$4.2m	72.8K	−8.3% Reduced
CCitigroup	0.34%	$4.1m	29.6K	−22.2% Reduced
HNGEHinge Health, Inc.	0.34%	$4.1m	49.2K	+166.5% Added
ADIAnalog Devices	0.34%	$4.1m	10.2K	−48.4% Reduced
FORMFormfactor Inc	0.32%	$3.9m	24.5K	+205.3% Added
KOThe Coca-Cola Company	0.32%	$3.8m	47.0K	−11.1% Reduced
IBMIBM	0.32%	$3.8m	13.5K	−10.6% Reduced
SKTTanger Inc.	0.31%	$3.7m	94.9K	+29.7% Added
KEYKeyCorp	0.31%	$3.7m	162.0K	−12.5% Reduced
ONTOOnto Innovation Inc.	0.31%	$3.7m	9.8K	−40.3% Reduced
UPSUnited Parcel Service	0.31%	$3.7m	34.5K	−6.7% Reduced
DIODDiodes Inc	0.31%	$3.7m	33.9K	+19.4% Added
IPInternational Paper	0.31%	$3.7m	97.0K	New
ECGEverus Construction Group, Inc.	0.30%	$3.7m	22.1K	+84.5% Added
OKEOneok	0.30%	$3.6m	41.8K	−2.8% Reduced
PVLAPalvella Therapeutics, Inc.	0.30%	$3.6m	23.5K	+46.6% Added
LENLennar	0.30%	$3.6m	39.6K	+4.3% Added
CORTCorcept Therapeutics Inc	0.30%	$3.6m	41.2K	+372.5% Added
LHXL3Harris	0.29%	$3.5m	12.2K	+22.1% Added
OMCOmnicom Group	0.29%	$3.5m	48.7K	−11.8% Reduced
PFEPfizer	0.29%	$3.5m	145.2K	+0.3%
HCSGHealthcare Services Group Inc	0.29%	$3.5m	140.5K	+9.8% Added
MCDMcDonald's	0.28%	$3.4m	12.6K	+11.2% Added
PSXPhillips 66	0.28%	$3.3m	19.7K	−1.6% Reduced
LLYLilly (Eli)	0.27%	$3.3m	2.7K	−35.9% Reduced
KRYSKrystal Biotech, Inc.	0.27%	$3.2m	8.7K	+25.0% Added
VIAVViavi Solutions Inc.	0.27%	$3.2m	67.8K	−39.5% Reduced
CVXChevron Corporation	0.26%	$3.1m	18.7K	−1.7% Reduced
MTDMettler Toledo	0.25%	$3.1m	2.4K	0.0%
OIIOceaneering International Inc	0.24%	$2.9m	72.6K	+4.7% Added
SHOOSteven Madden, LTD.	0.24%	$2.9m	69.6K	+37.3% Added
ROSTRoss Stores	0.24%	$2.9m	13.4K	−35.7% Reduced
ADUSAddus Homecare Corp	0.24%	$2.9m	28.5K	−5.2% Reduced
ATROAstronics Corp	0.23%	$2.8m	34.7K	+106.7% Added
AEISAdvanced Energy Industries Inc	0.22%	$2.7m	7.2K	−57.2% Reduced
AWRAmerican States Water Co	0.22%	$2.7m	32.1K	+31.9% Added
DEDeere & Company	0.22%	$2.6m	4.2K	−31.6% Reduced
ILMNIllumina, Inc.	0.22%	$2.6m	15.1K	−22.0% Reduced
HTLDHeartland Express Inc	0.22%	$2.6m	173.5K	+36.3% Added
EIGEmployers Holdings, Inc.	0.22%	$2.6m	51.7K	+97.2% Added
SIGISelective Insurance Group Inc	0.21%	$2.6m	26.7K	New
MRCYMercury Systems Inc	0.21%	$2.6m	21.0K	+6.4% Added
JBSSSanfilippo John B & SON Inc	0.21%	$2.5m	29.6K	+5.1% Added
DNTHDianthus Therapeutics, Inc.	0.21%	$2.5m	26.0K	+107.8% Added
ONON Semiconductor Corp	0.21%	$2.5m	26.8K	−54.1% Reduced
PORPortland General Electric Co	0.21%	$2.5m	48.5K	+36.2% Added
DYDycom Industries Inc	0.21%	$2.5m	4.9K	+7.0% Added
KLACKLA Corporation	0.21%	$2.5m	8.3K	+225.2% Added
CVLTCommvault Systems Inc	0.21%	$2.5m	17.6K	New
KLICKulicke & Soffa Industries Inc	0.20%	$2.5m	18.4K	+78.0% Added
TILEInterface Inc	0.20%	$2.5m	68.7K	+183.5% Added
VSXYVictoria's Secret & Co.	0.20%	$2.5m	29.4K	+109.2% Added
VEEVVeeva Systems Inc	0.19%	$2.3m	12.9K	0.0%
CROXCrocs, Inc.	0.19%	$2.3m	18.9K	New
RSIRush Street Interactive, Inc.	0.19%	$2.3m	76.0K	+2.4% Added
MTXMinerals Technologies Inc	0.18%	$2.2m	30.2K	+115.5% Added
KFRCKforce Inc	0.18%	$2.1m	45.2K	New
JOUTJohnson Outdoors Inc	0.17%	$2.1m	45.9K	+38.1% Added
SNPSSynopsys Inc	0.17%	$2.1m	4.7K	−43.1% Reduced
ESEEsco Technologies Inc	0.17%	$2.0m	5.7K	+45.4% Added
MITKMitek Systems Inc	0.17%	$2.0m	99.4K	−26.6% Reduced
FEIMFrequency Electronics Inc	0.17%	$2.0m	30.0K	+3.1% Added
RGENRepligen Corp	0.17%	$2.0m	14.6K	−11.7% Reduced
WKCWorld Kinect Corp	0.16%	$2.0m	59.7K	New
APLDApplied Digital Corp.	0.16%	$1.9m	51.3K	New
JJSFJ&J Snack Foods Corp	0.16%	$1.9m	25.8K	+94.6% Added
DGIIDigi International Inc	0.15%	$1.9m	24.9K	+42.4% Added
SIGASiga Technologies Inc	0.15%	$1.9m	512.0K	0.0%
APHAmphenol	0.15%	$1.9m	10.6K	−56.0% Reduced
CPKChesapeake Utilities Corp	0.15%	$1.8m	15.0K	+70.2% Added
GRALGrail, Inc.	0.15%	$1.8m	26.4K	−32.9% Reduced
CXDOCrexendo, Inc.	0.15%	$1.8m	239.4K	+2.9% Added
CATYCathay General Bancorp	0.15%	$1.8m	28.6K	+288.7% Added
HAEHaemonetics Corp	0.15%	$1.8m	23.4K	New
HLITHarmonic Inc.	0.14%	$1.7m	105.5K	+458.1% Added
AMSCAmerican Superconductor Corp	0.14%	$1.7m	41.4K	+3.1% Added
CHEFChefs' Warehouse, Inc.	0.14%	$1.6m	17.1K	+11.7% Added
DAKTDaktronics Inc	0.14%	$1.6m	83.3K	+46.2% Added
AMDAdvanced Micro Devices	0.13%	$1.6m	2.8K	New
ALNTAllient Inc	0.13%	$1.6m	15.7K	−40.5% Reduced
LPTHLightpath Technologies Inc	0.13%	$1.5m	93.5K	+43.3% Added
SIBNSi-bone, Inc.	0.12%	$1.5m	91.4K	+37.2% Added
GFFGriffon Corp	0.12%	$1.5m	15.3K	+3.1% Added
SRCE1st Source Corp	0.12%	$1.5m	18.3K	−3.4% Reduced
POWIPower Integrations Inc	0.12%	$1.5m	17.7K	New
FIVNFive9, Inc.	0.12%	$1.5m	69.1K	New
BOOTBoot Barn Holdings, Inc.	0.12%	$1.5m	8.9K	−13.4% Reduced
MUMicron Technology	0.12%	$1.4m	1.3K	New
KNXKnight-swift Transportation Holdings Inc.	0.12%	$1.4m	18.4K	−53.6% Reduced
CMCOColumbus Mckinnon Corp	0.12%	$1.4m	93.4K	+40.7% Added
STTState Street Corporation	0.12%	$1.4m	8.2K	−56.8% Reduced
UMBFUMB Financial Corp	0.11%	$1.4m	9.6K	New
THFFFirst Financial Corp	0.11%	$1.3m	17.4K	−21.5% Reduced
AVPTAvepoint, Inc.	0.11%	$1.3m	119.8K	+36.9% Added
TXNTexas Instruments	0.11%	$1.3m	4.5K	−53.8% Reduced
LTRXLantronix Inc	0.11%	$1.3m	222.6K	+108.2% Added
ORAOrmat Technologies, Inc.	0.11%	$1.3m	11.9K	+0.6% Added
STBAS&T Bancorp Inc	0.11%	$1.3m	26.5K	+27.2% Added
WMBWilliams Companies	0.11%	$1.3m	17.5K	−43.7% Reduced
AMTBAmerant Bancorp Inc.	0.11%	$1.3m	50.3K	+3.1% Added
MSEXMiddlesex Water Co	0.11%	$1.3m	22.7K	New
CENXCentury Aluminum Co	0.11%	$1.3m	27.7K	−32.4% Reduced
NWPXNwpx Infrastructure, Inc.	0.10%	$1.3m	8.4K	−5.1% Reduced
WHDCactus, Inc.	0.10%	$1.2m	24.2K	−54.5% Reduced
PIPRPiper Sandler Companies	0.10%	$1.2m	17.1K	+2.3% Added
ACLSAxcelis Technologies Inc	0.10%	$1.2m	6.4K	New
CATCaterpillar Inc.	0.10%	$1.2m	1.1K	+31.5% Added
BFHBread Financial Holdings, Inc.	0.10%	$1.2m	11.1K	0.0%
GTYGetty Realty Corp	0.10%	$1.2m	35.9K	+221.4% Added
SBCFSeacoast Banking Corp Of Florida	0.10%	$1.2m	36.0K	+2.4% Added
RMBSRambus Inc	0.10%	$1.2m	9.0K	+2.4% Added
INSMInsmed Inc	0.10%	$1.2m	11.1K	−71.9% Reduced
CACCamden National Corp	0.10%	$1.2m	21.8K	−32.5% Reduced
MZTIMarzetti Co	0.10%	$1.2m	10.3K	+113.8% Added
PATKPatrick Industries Inc	0.10%	$1.1m	12.7K	−46.7% Reduced
CAVACAVA Group, Inc.	0.10%	$1.1m	14.6K	+5.7% Added
OSGOctave Specialty Group Inc	0.09%	$1.1m	181.0K	+38.4% Added
UBSIUnited Bankshares Inc	0.09%	$1.1m	24.6K	+8.0% Added
PENGPenguin Solutions, Inc.	0.09%	$1.1m	14.8K	New
BRCBrady Corp	0.09%	$1.1m	12.3K	−37.8% Reduced
NPCENeuropace Inc	0.09%	$1.1m	70.3K	+3.1% Added

Company	Bought (value)	Shares
IPInternational Paper	$3.7m	97.0K
WERNWerner Enterprises Inc	$3.3m	75.9K
LINDLindblad Expeditions Holdings, Inc.	$3.3m	115.5K
POWLPowell Industries Inc	$3.2m	11.2K
CORTCorcept Therapeutics Inc	$2.8m	32.5K
FORMFormfactor Inc	$2.6m	16.4K
SIGISelective Insurance Group Inc	$2.6m	26.7K
HNGEHinge Health, Inc.	$2.5m	30.7K
CVLTCommvault Systems Inc	$2.5m	17.6K
CROXCrocs, Inc.	$2.3m	18.9K
KFRCKforce Inc	$2.1m	45.2K
WKCWorld Kinect Corp	$2.0m	59.7K
MIRMMirum Pharmaceuticals, Inc.	$2.0m	16.7K
APLDApplied Digital Corp.	$1.9m	51.3K
CALYCallaway Golf Co	$1.9m	99.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
STRLSterling Infrastructure, Inc.	−$11.7m	−14.0K
AAPLApple Inc.	−$6.7m	−23.2K
QCOMQualcomm	−$6.3m	−34.0K
AMZNAmazon	−$3.9m	−16.4K
SNEXStonex Group Inc.	−$3.9m	−32.8K
TRIPTripadvisor, Inc.	−$3.9m	−363.2K
ADIAnalog Devices	−$3.8m	−9.6K
PKGPackaging Corporation of America	−$3.6m	−17.0K
AEISAdvanced Energy Industries Inc	−$3.6m	−9.7K
SWKStanley Black & Decker	−$3.5m	−48.8K
INSMInsmed Inc	−$3.0m	−28.4K
ONON Semiconductor Corp	−$3.0m	−31.5K
BEBloom Energy	−$2.6m	−19.0K
ONTOOnto Innovation Inc.	−$2.5m	−6.6K
APHAmphenol	−$2.4m	−13.5K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
TRIPTripadvisor, Inc.	$3.9m	363.2K
PKGPackaging Corporation of America	$3.6m	17.0K
SWKStanley Black & Decker	$3.5m	48.8K
BEBloom Energy	$2.6m	19.0K
GSATGlobalstar, Inc.	$2.3m	34.7K
BELFABEL Fuse Inc	$2.3m	11.5K
KRMNKarman Holdings Inc.	$1.8m	22.2K
RKLBRocket Lab Corp	$1.7m	26.5K
WAYWaystar Holding Corp.	$1.5m	62.6K
IONSIonis Pharmaceuticals Inc	$1.5m	19.8K
ALGAlamo Group Inc	$1.4m	8.7K
LKQLKQ Corp	$1.2m	42.5K
AIRAAR Corp	$1.2m	10.7K
JBTMJBT Marel Corp	$1.1m	8.5K
GAPGAP Inc	$987,820	40.8K
SKYWSkywest Inc	$983,407	10.7K
SHAKShake Shack Inc.	$960,784	10.9K
TNDMTandem Diabetes Care Inc	$960,129	50.1K
CMCCommercial Metals Co	$899,642	14.6K
FRPTFreshpet, Inc.	$887,643	15.1K
SSRMSSR Mining Inc.	$879,413	29.9K
CCKCrown Holdings, Inc.	$847,513	8.5K
CTSHCognizant	$844,053	13.8K
LAURLaureate Education, Inc.	$838,668	24.1K
CICigna	$838,662	3.1K
GNTXGentex Corp	$773,293	35.4K
UNFIUnited Natural Foods Inc	$771,968	17.1K
INTUIntuit	$765,313	1.8K
ONTOnterris, Inc.	$758,883	34.7K
HEHawaiian Electric Industries Inc	$754,881	50.9K

Technology23.2%
Industrials18.6%
Financials14.6%
Health Care13.8%
Consumer Discretionary13.5%
Materials3.9%
Consumer Staples3.7%
Energy3.6%
Communication Services2.3%
Utilities1.7%
Real Estate1.1%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestAugust 14, 2015 to November 2, 2026	+13.8%	+14.0%	0.60	0.73	−34.9%	1.01
2018 onwardsJanuary 5, 2018 to November 2, 2026	+9.0%	+13.9%	0.39	0.66	−34.9%	0.98
Last three yearsNovember 3, 2023 to November 2, 2026	+16.7%	+21.8%	0.73	1.16	−21.7%	0.99
Last yearNovember 7, 2025 to November 2, 2026	+16.2%	+14.2%	0.79	0.84	−10.3%	0.90

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.