undamentalytics Newsletter

Institution

Virtus Fund Advisers, LLC

13F for December 31, 2024, filed February 14, 2025 · SEC CIK 1319111 · Holdings history from March 31, 2005

The latest available holdings for this manager are dated December 31, 2024.

Reported value
$32.1m
44% in companies we cover
Positions we cover
98
Largest SMC 12.8%
Copy, a year
+11.9%
S&P 500 +12.8%
Copy Sharpe ratio
0.58
S&P 500 0.69

Copy-performance statistics: August 1, 2014 to May 30, 2025. 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.

111 reported entries for December 31, 2024.

IssuerClass / typeReported valueQuantity
AAR CORP000361105 · AIR COM $35,726 583
ABERCROMBIE & FITCH CO002896207 · ANF CL A $30,940 207
ABM INDS INC000957100 · ABM COM $47,700 932
ACADIA PHARMACEUTICALS INC004225108 · ACAD COM $39,177 2,135
ADMA BIOLOGICS INC000899104 · ADMA COM $51,810 3,021
AECOM00766T100 · ACM COM $146,664 1,373
ALKERMES PLCG01767105 · ALKS SHS $136,380 4,742
AMALGAMATED FINANCIAL CORP022671101 · AMAL COM $40,766 1,218
AMICUS THERAPEUTICS INC03152W109 COM $29,277 3,108
AMPHASTAR PHARMACEUTICALS IN03209R103 · AMPH COM $45,299 1,220
ANI PHARMACEUTICALS INC00182C103 · ANIP COM $56,496 1,022
ANIKA THERAPEUTICS INC035255108 · ANIK COM $44,837 2,724
AURINIA PHARMACEUTICALS INC05156V102 · AUPH COM $63,147 7,032
BACKBLAZE INC05637B105 · BLZE COM CL A $20,606 3,423
BARRETT BUSINESS SVCS INC068463108 · BBSI COM $148,348 3,415
BEACON ROOFING SUPPLY INC073685109 COM $30,271 298
BERRY CORP08579X101 COM $56,346 13,643
BLACKLINE INC09239B109 · BL COM $61,671 1,015
BOISE CASCADE CO DEL09739D100 · BCC COM $66,205 557
CAMDEN PPTY TR133131102 · CPT SH BEN INT $133,678 1,152
CAREDX INC14167L103 · CDNA COM $63,245 2,954
CATALYST PHARMACEUTICALS INC14888U101 COM $27,966 1,340
CELLEBRITE DI LTDM2197Q107 · CLBT ORDINARY SHARES $78,229 3,551
CENTERRA GOLD INC152006102 · CGAU COM $22,402 3,937
CHEGG INC163092109 · CHGG COM $28,322 17,591
CLEAR SECURE INC18467V109 COM CL A $47,313 1,776
COLLEGIUM PHARMACEUTICAL INC19459J104 · COLL COM $69,304 2,419
COMFORT SYS USA INC199908104 · FIX COM $160,295 378
COMMUNITY HEALTH SYS INC NEW203668108 · CYH COM $20,239 6,769
COMMVAULT SYS INC204166102 · CVLT COM $144,723 959
CONSENSUS CLOUD SOLUTIONS IN20848V105 · CCSI COM $25,817 1,082
CPI CARD GROUP INC12634H200 · PMTS COM NEW $17,097 572
DAKTRONICS INC234264109 · DAKT COM $101,902 6,044
DIEBOLD NIXDORF INC253651202 · DBD COM SHS $16,441 382
DOCUSIGN INC256163106 · DOCU COM $64,037 712
DOLE PLCG27907107 · DOLE ORD SHS $41,202 3,043
DUCOMMUN INC DEL264147109 · DCO COM $77,665 1,220
DXC TECHNOLOGY CO23355L106 · DXC COM $1.1m 54,908
DYCOM INDS INC267475101 · DY COM $45,082 259
EAGLE MATLS INC26969P108 · EXP COM $63,911 259
EMCOR GROUP INC29084Q100 · EME COM $38,128 84
ESSENT GROUP LTDG3198U102 · ESNT COM $23,790 437
EVENTBRITE INC29975E109 COM CL A $22,025 6,555
FABRINETG3323L100 · FN SHS $72,341 329
FEDERATED HERMES INC314211103 · FHI CL B $49,661 1,208
FRONTDOOR INC35905A109 · FTDR COM $55,818 1,021
FTAI AVIATION LTDG3730V105 · FTAI SHS $25,927 180
GAP INC364760108 · GAP COM $69,000 2,920
GENESCO INC371532102 · GCO COM $16,844 394
GLOBE LIFE INC37959E102 · GL COM $115,646 1,037
HALOZYME THERAPEUTICS INC40637H109 · HALO COM $20,845 436
HANCOCK WHITNEY CORPORATION410120109 · HWC COM $29,604 541
ICICI BANK LIMITED45104G104 ADR $2.8m 92,385
INTAPP INC45827U109 · INTA COM $93,187 1,454
INTERFACE INC458665304 · TILE COM $48,067 1,974
IONQ INC46222L108 · IONQ COM $42,104 1,008
ISHARES TR46429B598 MSCI INDIA ETF $2.1m 40,789
KNIFE RIVER CORP498894104 · KNF COMMON STOCK $131,421 1,293
LEONARDO DRS INC52661A108 · DRS COM $116,348 3,601
MAKEMYTRIP LIMITED MAURITIUSV5633W109 · MMYT SHS $2.4m 21,279
MANHATTAN ASSOCIATES INC562750109 · MANH COM $106,204 393
MASTEC INC576323109 · MTZ COM $118,306 869
MEDIAALPHA INC58450V104 · MAX CL A $34,841 3,086
MERIT MED SYS INC589889104 · MMSI COM $101,943 1,054
METHODE ELECTRS INC591520200 · MEI COM $37,858 3,211
MGIC INVT CORP WIS552848103 · MTG COM $99,345 4,190
MIMEDX GROUP INC602496101 · MDXG COM $35,219 3,661
MOOG INC615394202 CL A $60,430 307
NATERA INC632307104 · NTRA COM $112,551 711
NATURAL GROCERS BY VITAMIN C63888U108 · NGVC COM $33,881 853
NEUROCRINE BIOSCIENCES INC64125C109 · NBIX COM $108,518 795
NEXTRACKER INC65290E101 · NXT CLASS A COM $47,306 1,295
NMI HLDGS INC629209305 · NMIH COM $136,527 3,714
NORWEGIAN CRUISE LINE HLDG LG66721104 · NCLH SHS $162,974 6,334
ONESPAWORLD HOLDINGS LIMITEDP73684113 · OSW COM $54,825 2,755
OSI SYSTEMS INC671044105 · OSIS COM $60,107 359
OUTFRONT MEDIA INC69007J106 · OUT COM $49,193 2,773
PEGASYSTEMS INC705573103 · PEGA COM $71,298 765
PHIBRO ANIMAL HEALTH CORP71742Q106 · PAHC CL A COM $68,523 3,263
PRIMORIS SVCS CORP74164F103 · PRIM COM $138,819 1,817
PROGRESS SOFTWARE CORP743312100 · PRGS COM $147,434 2,263
Q2 HLDGS INC74736L109 · QTWO COM $65,624 652
RADIAN GROUP INC750236101 · RDN COM $58,206 1,835
RINGCENTRAL INC76680R206 · RNG CL A $68,550 1,958
SANDRIDGE ENERGY INC80007P869 · SD COM NEW $1,862 159
SI-BONE INC825704109 · SIBN COM $39,803 2,839
STEELCASE INC858155203 CL A $93,295 7,893
STRATEGIC ED INC86272C103 · STRA COM $75,203 805
SUMMIT MIDSTREAM CORPORATION86614G101 · SMC COM $4.1m 108,293
SUNCOKE ENERGY INC86722A103 · SXC COM $56,860 5,314
SYLVAMO CORP871332102 · SLVM COMMON STOCK $57,290 725
TACTILE SYS TECHNOLOGY INC87357P100 · TCMD COM $71,929 4,199
TAT TECHNOLOGIES LTDM8740S227 · TATT ORD NEW $29,095 1,133
TAYLOR MORRISON HOME CORP87724P106 COM $75,105 1,227
TEEKAY CORPORATION LTDG8726T105 · TK SHS $75,308 10,867
TRANSALTA CORP89346D107 · TAC COM $127,180 8,988
TURNING PT BRANDS INC90041L105 · TPB COM $47,900 797
TURTLE BEACH CORP900450206 · TBCH COM NEW $67,786 3,916
TWIST BIOSCIENCE CORP90184D100 · TWST COM $83,553 1,798
UNISYS CORP909214306 · UIS COM NEW $35,410 5,594

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

$10.0k$20.0k$40.0k 201420162018202020222024 $36.9k$33.8k
CopyS&P 500 $10,000 copying Virtus Fund Advisers, LLC's usable filed holdings in companies we cover from August 1, 2014, 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 −35.2% (S&P 500 −31.8%); beta 1.03; alpha −0.7% a year (t = −0.27); last 12 months −2.1% against +12.7%.

Reported value by quarter

Virtus Fund Advisers, 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.
$0 $5B $10B $15B Reported value, 2014-06-30: $14.3B Reported value, 2014-09-30: $13.1B Reported value, 2014-12-31: $13.6B Reported value, 2015-03-31: $13.4B Reported value, 2015-06-30: $13.4B Reported value, 2015-09-30: $11.5B Reported value, 2015-12-31: $11.4B Reported value, 2016-03-31: $11.3B Reported value, 2016-06-30: $11.2B Reported value, 2016-09-30: $11.3B Reported value, 2016-12-31: $11.8B Reported value, 2017-03-31: $10.6B Reported value, 2017-06-30: $10.1B Reported value, 2017-09-30: $9.8B Reported value, 2017-12-31: $10.2B Reported value, 2022-09-30: $7.6M Reported value, 2022-12-31: $13.9M Reported value, 2023-03-31: $14.3M Reported value, 2023-06-30: $14.2M Reported value, 2023-09-30: $14.1M Reported value, 2023-12-31: $16.1M Reported value, 2024-03-31: $28.3M Reported value, 2024-06-30: $25.3M Reported value, 2024-09-30: $24.5M Reported value, 2024-12-31: $32.1M 2014-06-30 2015-09-30 2016-12-31 2022-09-30 2023-12-31 2024-12-31 $32.1M
View chart data
Period Reported value
2014-06-30 $14.3B
2014-09-30 $13.1B
2014-12-31 $13.6B
2015-03-31 $13.4B
2015-06-30 $13.4B
2015-09-30 $11.5B
2015-12-31 $11.4B
2016-03-31 $11.3B
2016-06-30 $11.2B
2016-09-30 $11.3B
2016-12-31 $11.8B
2017-03-31 $10.6B
2017-06-30 $10.1B
2017-09-30 $9.8B
2017-12-31 $10.2B
2022-09-30 $7.6M
2022-12-31 $13.9M
2023-03-31 $14.3M
2023-06-30 $14.2M
2023-09-30 $14.1M
2023-12-31 $16.1M
2024-03-31 $28.3M
2024-06-30 $25.3M
2024-09-30 $24.5M
2024-12-31 $32.1M

Latest covered holdings and moves

Covered holdings as of December 31, 2024.

CompanyShare of portfolioValueSharesChange in shares
SMCSummit Midstream Corp12.75%$4.1m108.3K0.0%
MMYTMakemytrip Ltd7.45%$2.4m21.3K−23.9% Reduced
DXCDXC Technology Co3.42%$1.1m54.9KNew
VIPSVipshop Holdings Ltd0.66%$211,26315.7K0.0%
VCYTVeracyte, Inc.0.51%$163,1924.1K−14.1% Reduced
NCLHNorwegian Cruise Line Holdings0.51%$162,9746.3K+3.6% Added
FIXComfort Systems USA0.50%$160,295378−4.5% Reduced
BBSIBarrett Business Services Inc0.46%$148,3483.4K−7.2% Reduced
PRGSProgress Software Corp0.46%$147,4342.3K+3.6% Added
ACMAecom0.46%$146,6641.4KNew
CVLTCommvault Systems Inc0.45%$144,723959−29.4% Reduced
PRIMPrimoris Services Corp0.43%$138,8191.8K+3.6% Added
NMIHNMI Holdings, Inc.0.43%$136,5273.7K+43.7% Added
ALKSAlkermes plc.0.42%$136,3804.7K+3.6% Added
CPTCamden Property Trust0.42%$133,6781.2K+3.6% Added
KNFKnife River Corp0.41%$131,4211.3K+3.6% Added
TACTransalta Corp0.40%$127,1809.0K+3.6% Added
MTZMastec Inc0.37%$118,306869+171.6% Added
DRSLeonardo DRS, Inc.0.36%$116,3483.6KNew
GLGlobe Life0.36%$115,6461.0KNew
NTRANatera, Inc.0.35%$112,551711+3.5% Added
NBIXNeurocrine Biosciences Inc0.34%$108,518795+3.5% Added
MANHManhattan Associates Inc0.33%$106,204393−22.2% Reduced
MMSIMerit Medical Systems Inc0.32%$101,9431.1K+3.5% Added
DAKTDaktronics Inc0.32%$101,9026.0K+3.6% Added
MTGMgic Investment Corp0.31%$99,3454.2K+3.6% Added
INTAIntapp, Inc.0.29%$93,1871.5K+3.6% Added
TWSTTwist Bioscience Corp0.26%$83,5531.8K+3.6% Added
CLBTCellebrite DI Ltd.0.24%$78,2293.6K+3.6% Added
DCODucommun Inc0.24%$77,6651.2KNew
TKTeekay Corp LTD0.23%$75,30810.9KNew
STRAStrategic Education, Inc.0.23%$75,203805+3.6% Added
FNFabrinet0.23%$72,341329+3.5% Added
TCMDTactile Systems Technology Inc0.22%$71,9294.2K+142.0% Added
PEGAPegasystems Inc0.22%$71,298765+3.5% Added
COLLCollegium Pharmaceutical, Inc0.22%$69,3042.4K+30.5% Added
GAPGAP Inc0.21%$69,0002.9KNew
RNGRingcentral, Inc.0.21%$68,5502.0K+3.6% Added
PAHCPhibro Animal Health Corp0.21%$68,5233.3KNew
TBCHTurtle Beach Corp0.21%$67,7863.9KNew
BCCBoise Cascade Co0.21%$66,205557−12.7% Reduced
QTWOQ2 Holdings, Inc.0.20%$65,624652−16.1% Reduced
DOCUDocusign, Inc.0.20%$64,037712+3.5% Added
EXPEagle Materials Inc0.20%$63,911259−32.7% Reduced
CDNACaredx, Inc.0.20%$63,2453.0K−14.5% Reduced
AUPHAurinia Pharmaceuticals Inc.0.20%$63,1477.0K+3.6% Added
BLBlackline, Inc.0.19%$61,6711.0K+3.6% Added
OSISOSI Systems Inc0.19%$60,107359+3.5% Added
RDNRadian Group Inc0.18%$58,2061.8K+3.6% Added
SLVMSylvamo Corp0.18%$57,290725+3.6% Added
SXCSuncoke Energy, Inc.0.18%$56,8605.3KNew
ANIPANI Pharmaceuticals Inc0.18%$56,4961.0K+3.5% Added
FTDRFrontdoor, Inc.0.17%$55,8181.0K+3.5% Added
OSWOnespaworld Holdings Ltd0.17%$54,8252.8K+3.6% Added
WWWWolverine World Wide Inc0.17%$53,7242.4K+3.6% Added
VCELVericel Corp0.16%$52,219951+3.6% Added
ADMAAdma Biologics, Inc.0.16%$51,8103.0K−71.2% Reduced
FHIFederated Hermes, Inc.0.15%$49,6611.2K+3.6% Added
OUTOutfront Media Inc.0.15%$49,1932.8K+3.6% Added
TILEInterface Inc0.15%$48,0672.0KNew
TPBTurning Point Brands, Inc.0.15%$47,900797New
ABMABM Industries Inc0.15%$47,700932+3.6% Added
NXTNextpower Inc.0.15%$47,3061.3KNew
VSXYVictoria's Secret & Co.0.14%$45,6861.1K+3.6% Added
AMPHAmphastar Pharmaceuticals, Inc.0.14%$45,2991.2K+3.6% Added
DYDycom Industries Inc0.14%$45,082259+3.6% Added
ANIKAnika Therapeutics, Inc.0.14%$44,8372.7K+3.6% Added
XPERXperi Inc.0.13%$43,0424.2KNew
IONQIonQ, Inc.0.13%$42,1041.0KNew
DOLEDole plc0.13%$41,2023.0K+3.6% Added
AMALAmalgamated Financial Corp.0.13%$40,7661.2K+3.6% Added
SIBNSi-bone, Inc.0.12%$39,8032.8KNew
ACADAcadia Pharmaceuticals Inc0.12%$39,1772.1KNew
EMEEmcor0.12%$38,12884+2.4% Added
MEIMethode Electronics Inc0.12%$37,8583.2KNew
AIRAAR Corp0.11%$35,726583New
UISUnisys Corp0.11%$35,4105.6KNew
ZETAZeta Global Holdings Corp.0.11%$35,2422.0K−67.4% Reduced
MDXGMimedx Group, Inc.0.11%$35,2193.7KNew
MAXMediaalpha, Inc.0.11%$34,8413.1KNew
NGVCNatural Grocers By Vitamin Cottage, Inc.0.11%$33,881853+3.5% Added
UPSTUpstart Holdings, Inc.0.10%$31,893518New
ANFAbercrombie & Fitch Co0.10%$30,940207+3.5% Added
HWCHancock Whitney Corp0.09%$29,604541+3.4% Added
TATTTAT Technologies LTD0.09%$29,0951.1KNew
CHGGChegg, Inc0.09%$28,32217.6KNew
FTAIFTAI Aviation Ltd.0.08%$25,927180New
CCSIConsensus Cloud Solutions, Inc.0.08%$25,8171.1K−92.2% Reduced
ESNTEssent Group Ltd.0.07%$23,790437−62.4% Reduced
VYGRVoyager Therapeutics, Inc.0.07%$22,8504.0K+65.2% Added
CGAUCenterra Gold Inc.0.07%$22,4023.9K+3.6% Added
HALOHalozyme Therapeutics, Inc.0.07%$20,845436−42.4% Reduced
BLZEBackblaze, Inc.0.06%$20,6063.4KNew
CYHCommunity Health Systems Inc0.06%$20,2396.8K+3.6% Added
PMTSCPI Card Group Inc.0.05%$17,097572New
GCOGenesco Inc0.05%$16,844394New
DBDDiebold Nixdorf, Inc0.05%$16,441382New
SDSandridge Energy Inc0.01%$1,862159New
CompanyBought (value)Shares
DXCDXC Technology Co$1.1m54.9K
ACMAecom$146,6641.4K
DRSLeonardo DRS, Inc.$116,3483.6K
GLGlobe Life$115,6461.0K
DCODucommun Inc$77,6651.2K
TKTeekay Corp LTD$75,30810.9K
MTZMastec Inc$74,741549
GAPGAP Inc$69,0002.9K
PAHCPhibro Animal Health Corp$68,5233.3K
TBCHTurtle Beach Corp$67,7863.9K
SXCSuncoke Energy, Inc.$56,8605.3K
TILEInterface Inc$48,0672.0K
TPBTurning Point Brands, Inc.$47,900797
NXTNextpower Inc.$47,3061.3K
XPERXperi Inc.$43,0424.2K

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

CompanySold (value)Shares
MMYTMakemytrip Ltd−$749,581−6.7K
CCSIConsensus Cloud Solutions, Inc.−$305,748−12.8K
GFFGriffon Corp−$150,010−2.1K
ADMAAdma Biologics, Inc.−$127,887−7.5K
KBHKB Home−$103,685−1.2K
KEXKirby Corp−$101,984−833
GNKGenco Shipping & Trading LTD−$88,569−4.5K
BLBDBlue Bird Corp−$85,561−1.8K
TTEKTetra Tech Inc−$75,456−1.6K
ZETAZeta Global Holdings Corp.−$72,769−4.0K
RRyder System Inc−$68,526−470
CVLTCommvault Systems Inc−$60,364−400
ACLSAxcelis Technologies Inc−$57,668−550
GNWGenworth Financial Inc−$55,800−8.1K
UFPIUFP Industries Inc−$53,927−411

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

CompanyValue last quarterShares
GFFGriffon Corp$150,0102.1K
KBHKB Home$103,6851.2K
KEXKirby Corp$101,984833
GNKGenco Shipping & Trading LTD$88,5694.5K
BLBDBlue Bird Corp$85,5611.8K
TTEKTetra Tech Inc$75,4561.6K
RRyder System Inc$68,526470
ACLSAxcelis Technologies Inc$57,668550
GNWGenworth Financial Inc$55,8008.1K
UFPIUFP Industries Inc$53,927411
UCTTUltra Clean Holdings, Inc.$51,8691.3K
TRINTrinity Capital Inc.$50,9283.8K
BCSFBain Capital Specialty Finance, Inc.$48,1402.9K
MBCMasterbrand, Inc.$44,9412.4K
BVSBioventus Inc.$42,1243.5K
PRGOPerrigo Co plc$38,2171.5K
SFIXStitch Fix, Inc.$33,13811.8K
PRSUPursuit Attractions & Hospitality, Inc.$32,534908
KNSAKiniksa Pharmaceuticals International, plc$32,2871.3K
JBIJanus International Group, Inc.$24,9412.5K
WNCWabash National Corp$24,1411.3K
ZYMEZymeworks Inc.$23,9451.9K
KROKronos Worldwide Inc$17,6791.4K
VIRCVirco MFG Corporation$17,5391.3K
XRXXerox Holdings Corp$13,6191.3K
CRGYCrescent Energy Co$12,7901.2K
  • Energy29.1%
  • Consumer Discretionary22.7%
  • Technology18.5%
  • Health Care10.4%
  • Industrials8.9%
  • Financials4.3%
  • Materials2.8%
  • Real Estate1.3%
  • Consumer Staples0.9%
  • Utilities0.9%
  • Communication Services0.2%

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

PeriodCopy, a yearS&P 500SharpeS&P 500Biggest dropBeta
Whole backtestAugust 1, 2014 to May 30, 2025+11.9%+12.8%0.580.69−35.2%1.03
2018 onwardsJanuary 5, 2018 to May 30, 2025+10.9%+12.7%0.470.59−35.2%1.02
Last three yearsJune 3, 2022 to May 30, 2025+12.9%+14.5%0.440.59−24.5%1.00
Last yearMay 31, 2024 to May 30, 2025−1.8%+13.2%−0.120.51−24.5%1.13

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.