Q1 2025 · 13F-HR
ADVISORY RESEARCH INCholdings as filed
Filed 2025-05-14 · accession 0001085146-25-003120
$567.3M
Reported value
148
Positions
2025-03-31
Period end
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 077347300 | BELFB | BEL FUSE INC | $28.1M | 4.95% | 375,089 | Common | SOLE |
| 477839104 | JBTM | JBT MAREL CORPORATION | $24.0M | 4.22% | 196,081 | Common | SOLE |
| 896215209 | TRS | TRIMAS CORP | $23.3M | 4.10% | 992,778 | Common | SOLE |
| 718172109 | PM | PHILIP MORRIS INTL INC | $20.7M | 3.65% | 130,533 | Common | SOLE |
| 71880K101 | PHIN | PHINIA INC | $18.9M | 3.32% | 444,290 | Common | SOLE |
| 92552R406 | PRSU | PURSUIT ATTRACTIONS AND HOSP | $17.1M | 3.01% | 481,960 | Common | SOLE |
| 52472M101 | LEGH | LEGACY HOUSING CORP | $16.1M | 2.83% | 637,052 | Common | SOLE |
| 48238T109 | OPLN | OPENLANE INC | $15.6M | 2.76% | 811,506 | Common | SOLE |
| 874039100 | TSM | TAIWAN SEMICONDUCTOR MFG LTD | $13.9M | 2.45% | 83,870 | Common | SOLE |
| 233912104 | DJCO | DAILY JOURNAL CORP | $13.8M | 2.44% | 34,770 | Common | SOLE |
| 552848103 | MTG | MGIC INVT CORP WIS | $13.1M | 2.30% | 527,071 | Common | SOLE |
| 11135F101 | AVGO | BROADCOM INC | $12.2M | 2.15% | 72,902 | Common | SOLE |
| 71377A103 | PFGC | PERFORMANCE FOOD GROUP CO | $11.9M | 2.10% | 151,398 | Common | SOLE |
| 464288257 | ACWI | ISHARES TR | $11.7M | 2.06% | 100,374 | Common | SOLE |
| 91324P102 | UNH | UNITEDHEALTH GROUP INC | $11.0M | 1.94% | 21,037 | Common | SOLE |
| 00287Y109 | ABBV | ABBVIE INC | $10.8M | 1.90% | 51,465 | Common | SOLE |
| 025537101 | AEP | AMERICAN ELEC PWR CO INC | $10.7M | 1.89% | 98,209 | Common | SOLE |
| 876030107 | TPR | TAPESTRY INC | $10.7M | 1.88% | 151,445 | Common | SOLE |
| 594918104 | MSFT | MICROSOFT CORP | $10.4M | 1.83% | 27,597 | Common | SOLE |
| 12572Q105 | CME | CME GROUP INC | $10.3M | 1.82% | 38,831 | Common | SOLE |
| 49271V100 | KDP | KEURIG DR PEPPER INC | $9.7M | 1.70% | 282,179 | Common | SOLE |
| 840441109 | SSBUSD | SOUTHSTATE CORPORATION | $9.6M | 1.69% | 103,215 | Common | SOLE |
| 37733W204 | GSK | GSK PLC | $8.8M | 1.55% | 227,249 | Common | SOLE |
| 92343V104 | VZ | VERIZON COMMUNICATIONS INC | $8.5M | 1.49% | 186,635 | Common | SOLE |
| 46436E718 | SGOV | ISHARES TR | $7.4M | 1.31% | 73,559 | Common | SOLE |
| 29103W104 | EEX | EMERALD HOLDING INC | $7.1M | 1.25% | 1,804,972 | Common | SOLE |
| 02079K305 | GOOGL | ALPHABET INC | $6.4M | 1.12% | 41,254 | Common | SOLE |
| 037833100 | AAPL | APPLE INC | $6.2M | 1.10% | 28,065 | Common | SOLE |
| 443510607 | HUBB | HUBBELL INC | $5.5M | 0.98% | 16,717 | Common | SOLE |
| 13765N107 | CNNE | CANNAE HLDGS INC | $5.5M | 0.97% | 300,000 | Common | SOLE |
| 48241A105 | KB | KB FINL GROUP INC | $5.0M | 0.88% | 92,698 | Common | SOLE |
| 904767704 | — | UNILEVER PLC | $4.9M | 0.86% | 82,264 | Common | SOLE |
| 957638109 | WAL | WESTERN ALLIANCE BANCORP | $4.9M | 0.86% | 63,509 | Common | SOLE |
| 512816109 | LAMR | LAMAR ADVERTISING CO NEW | $4.8M | 0.85% | 42,393 | Common | SOLE |
| 65406E102 | NIC | NICOLET BANKSHARES INC | $4.8M | 0.85% | 44,114 | Common | SOLE |
| 464288679 | SHV | ISHARES TR | $4.7M | 0.82% | 42,103 | Common | SOLE |
| G3643J108 | FLUT | FLUTTER ENTMT PLC | $4.3M | 0.76% | 19,338 | Common | SOLE |
| 31488V107 | FERG | FERGUSON ENTERPRISES INC | $4.3M | 0.75% | 26,595 | Common | SOLE |
| 30303M102 | META | META PLATFORMS INC | $4.1M | 0.73% | 7,156 | Common | SOLE |
| 92206C102 | VGSH | VANGUARD SCOTTSDALE FDS | $4.1M | 0.72% | 69,657 | Common | SOLE |
| 92206C870 | VCIT | VANGUARD SCOTTSDALE FDS | $3.6M | 0.63% | 43,678 | Common | SOLE |
| 320817109 | FRME | FIRST MERCHANTS CORP | $3.2M | 0.57% | 79,308 | Common | SOLE |
| 922908363 | VOO | VANGUARD INDEX FDS | $3.1M | 0.54% | 5,975 | Common | SOLE |
| 438128308 | HMC | HONDA MOTOR LTD | $3.1M | 0.54% | 113,122 | Common | SOLE |
| 464288638 | IGIB | ISHARES TR | $3.0M | 0.53% | 57,761 | Common | SOLE |
| 043436104 | ABG | ASBURY AUTOMOTIVE GROUP INC | $3.0M | 0.53% | 13,525 | Common | SOLE |
| 437076102 | HD | HOME DEPOT INC | $2.8M | 0.49% | 7,572 | Common | SOLE |
| 92047W101 | VVV | VALVOLINE INC | $2.8M | 0.49% | 79,284 | Common | SOLE |
| 039653100 | ACA | ARCOSA INC | $2.7M | 0.48% | 35,195 | Common | SOLE |
| 600551204 | MLR | MILLER INDS INC TENN | $2.7M | 0.48% | 63,794 | Common | SOLE |
| 947890109 | WBS | WEBSTER FINL CORP | $2.7M | 0.47% | 52,102 | Common | SOLE |
| 724479100 | PBI | PITNEY BOWES INC | $2.6M | 0.46% | 288,676 | Common | SOLE |
| 63947X101 | NCNO | NCINO INC | $2.6M | 0.46% | 94,073 | Common | SOLE |
| 42226A107 | HQY | HEALTHEQUITY INC | $2.6M | 0.45% | 29,068 | Common | SOLE |
| 921908844 | VIG | VANGUARD SPECIALIZED FUNDS | $2.5M | 0.44% | 12,868 | Common | SOLE |
| 26969P108 | EXP | EAGLE MATLS INC | $2.4M | 0.43% | 11,039 | Common | SOLE |
| 520776105 | DSGR | DISTRIBUTION SOLUTIONS GRP I | $2.4M | 0.43% | 87,016 | Common | SOLE |
| 053332102 | AZO | AUTOZONE INC | $2.3M | 0.40% | 598 | Common | SOLE |
| P73684113 | OSW | ONESPAWORLD HOLDINGS LIMITED | $2.2M | 0.39% | 133,222 | Common | SOLE |
| 92206C409 | VCSH | VANGUARD SCOTTSDALE FDS | $2.0M | 0.35% | 25,342 | Common | SOLE |
| 609027107 | MCRI | MONARCH CASINO & RESORT INC | $2.0M | 0.34% | 25,162 | Common | SOLE |
| Y1968P121 | DAC | DANAOS CORPORATION | $1.9M | 0.34% | 24,474 | Common | SOLE |
| 858119100 | STLD | STEEL DYNAMICS INC | $1.8M | 0.32% | 14,696 | Common | SOLE |
| 46137V357 | RSP | INVESCO EXCHANGE TRADED FD T | $1.8M | 0.32% | 10,392 | Common | SOLE |
| 14808P109 | CASS | CASS INFORMATION SYS INC | $1.8M | 0.32% | 41,389 | Common | SOLE |
| 87874R308 | TTGT | TECHTARGET INC | $1.8M | 0.31% | 118,620 | Common | SOLE |
| 084670702 | BRK/B | BERKSHIRE HATHAWAY INC DEL | $1.7M | 0.31% | 3,254 | Common | SOLE |
| 03990B101 | ARES | ARES MANAGEMENT CORPORATION | $1.7M | 0.30% | 11,751 | Common | SOLE |
| 46625H100 | JPM | JPMORGAN CHASE & CO. | $1.7M | 0.30% | 7,006 | Common | SOLE |
| 12514G108 | CDW | CDW CORP | $1.7M | 0.30% | 10,520 | Common | SOLE |
| 464288588 | MBB | ISHARES TR | $1.6M | 0.29% | 17,518 | Common | SOLE |
| G1151C101 | ACN | ACCENTURE PLC IRELAND | $1.6M | 0.29% | 5,242 | Common | SOLE |
| 166764100 | CVX | CHEVRON CORP NEW | $1.6M | 0.28% | 9,436 | Common | SOLE |
| 861025104 | SYBT | STOCK YDS BANCORP INC | $1.6M | 0.28% | 22,683 | Common | SOLE |
| 907818108 | UNP | UNION PAC CORP | $1.5M | 0.26% | 6,330 | Common | SOLE |
| 165303108 | CPK | CHESAPEAKE UTILS CORP | $1.5M | 0.26% | 11,583 | Common | SOLE |
| 060505104 | BAC | BANK AMERICA CORP | $1.5M | 0.26% | 35,361 | Common | SOLE |
| 29261A100 | EHC | ENCOMPASS HEALTH CORP | $1.5M | 0.26% | 14,489 | Common | SOLE |
| 011311107 | ALG | ALAMO GROUP INC | $1.5M | 0.26% | 8,211 | Common | SOLE |
| 025816109 | AXP | AMERICAN EXPRESS CO | $1.4M | 0.26% | 5,389 | Common | SOLE |
| 872540109 | TJX | TJX COS INC NEW | $1.4M | 0.25% | 11,627 | Common | SOLE |
| 830830105 | SKY | CHAMPION HOMES INC | $1.4M | 0.25% | 14,701 | Common | SOLE |
| 580135101 | MCD | MCDONALDS CORP | $1.4M | 0.25% | 4,457 | Common | SOLE |
| 20825C104 | COP | CONOCOPHILLIPS | $1.4M | 0.25% | 13,236 | Common | SOLE |
| 077347201 | BELFA | BEL FUSE INC | $1.4M | 0.24% | 19,242 | Common | SOLE |
| 038336103 | ATR | APTARGROUP INC | $1.4M | 0.24% | 9,314 | Common | SOLE |
| 339750101 | FND | FLOOR & DECOR HLDGS INC | $1.4M | 0.24% | 17,044 | Common | SOLE |
| 44267T102 | HHH | HOWARD HUGHES HOLDINGS INC | $1.4M | 0.24% | 18,294 | Common | SOLE |
| 512807306 | LRCX | LAM RESEARCH CORP | $1.3M | 0.23% | 18,332 | Common | SOLE |
| 117043109 | BC | BRUNSWICK CORP | $1.3M | 0.23% | 24,676 | Common | SOLE |
| 05465C100 | AX | AXOS FINANCIAL INC | $1.3M | 0.23% | 20,370 | Common | SOLE |
| 02553E106 | AEO | AMERICAN EAGLE OUTFITTERS IN | $1.3M | 0.23% | 111,694 | Common | SOLE |
| 69007J304 | OUT | OUTFRONT MEDIA INC | $1.3M | 0.22% | 79,080 | Common | SOLE |
| 28618M106 | ESI | ELEMENT SOLUTIONS INC | $1.3M | 0.22% | 55,772 | Common | SOLE |
| 002824100 | ABT | ABBOTT LABS | $1.2M | 0.22% | 9,374 | Common | SOLE |
| 64110D104 | NTAP | NETAPP INC | $1.2M | 0.22% | 14,146 | Common | SOLE |
| 922908629 | VO | VANGUARD INDEX FDS | $1.2M | 0.21% | 4,688 | Common | SOLE |
| 91529Y106 | UNM | UNUM GROUP | $1.2M | 0.21% | 14,661 | Common | SOLE |
| 921943858 | VEA | VANGUARD TAX-MANAGED FDS | $1.2M | 0.21% | 23,344 | Common | SOLE |
| 539830109 | LMT | LOCKHEED MARTIN CORP | $1.2M | 0.21% | 2,651 | Common | SOLE |
| G39108108 | GTES | GATES INDL CORP PLC | $1.1M | 0.20% | 61,937 | Common | SOLE |
| 68389X105 | ORCL | ORACLE CORP | $1.1M | 0.20% | 8,077 | Common | SOLE |
| 07831C103 | BRBR | BELLRING BRANDS INC | $1.1M | 0.20% | 15,155 | Common | SOLE |
| 92203C303 | VUSB | VANGUARD BD INDEX FDS | $1.1M | 0.19% | 21,243 | Common | SOLE |
| 01973R101 | ALSN | ALLISON TRANSMISSION HLDGS I | $1.0M | 0.18% | 10,807 | Common | SOLE |
| 30231G102 | XOM | EXXON MOBIL CORP | $994,612 | 0.18% | 8,363 | Common | SOLE |
| 90278Q108 | UFPI | UFP INDUSTRIES INC | $933,924 | 0.16% | 8,725 | Common | SOLE |
| 464288646 | IGSB | ISHARES TR | $933,757 | 0.16% | 17,830 | Common | SOLE |
| 464287457 | SHY | ISHARES TR | $924,177 | 0.16% | 11,171 | Common | SOLE |
| 758750103 | RRX | REGAL REXNORD CORPORATION | $901,464 | 0.16% | 7,918 | Common | SOLE |
| 29084Q100 | EME | EMCOR GROUP INC | $901,211 | 0.16% | 2,438 | Common | SOLE |
| 629377508 | NRG | NRG ENERGY INC | $899,424 | 0.16% | 9,422 | Common | SOLE |
| 02128L106 | ALTG | ALTA EQUIPMENT GROUP INC | $862,228 | 0.15% | 183,844 | Common | SOLE |
| 966084204 | WSR | WHITESTONE REIT | $831,248 | 0.15% | 57,052 | Common | SOLE |
| 093671105 | HRB | BLOCK H & R INC | $830,020 | 0.15% | 15,116 | Common | SOLE |
| 78464A870 | XBI | SPDR SER TR | $777,425 | 0.14% | 9,586 | Common | SOLE |
| G3934V109 | GENI | GENIUS SPORTS LIMITED | $744,404 | 0.13% | 74,366 | Common | SOLE |
| 743312100 | PRGS | PROGRESS SOFTWARE CORP | $703,678 | 0.12% | 13,661 | Common | SOLE |
| 04010L103 | ARCC | ARES CAPITAL CORP | $698,616 | 0.12% | 31,526 | Common | SOLE |
| 09260D107 | BX | BLACKSTONE INC | $652,353 | 0.11% | 4,667 | Common | SOLE |
| 453204109 | PI | IMPINJ INC | $600,978 | 0.11% | 6,626 | Common | SOLE |
| 868459108 | SUPN | SUPERNUS PHARMACEUTICALS INC | $564,021 | 0.10% | 17,222 | Common | SOLE |
| 703343103 | PATK | PATRICK INDS INC | $560,886 | 0.10% | 6,633 | Common | SOLE |
| 783754104 | RYZ | RYERSON HLDG CORP | $557,813 | 0.10% | 24,295 | Common | SOLE |
| 359694106 | FUL | FULLER H B CO | $535,609 | 0.09% | 9,544 | Common | SOLE |
| 759509102 | RS | RELIANCE INC | $526,312 | 0.09% | 1,823 | Common | SOLE |
| G6700G107 | NVT | NVENT ELECTRIC PLC | $521,841 | 0.09% | 9,955 | Common | SOLE |
| 808625107 | SAIC | SCIENCE APPLICATIONS INTL CO | $508,695 | 0.09% | 4,531 | Common | SOLE |
| 103304101 | BYD | BOYD GAMING CORP | $503,665 | 0.09% | 7,651 | Common | SOLE |
| 138103106 | UTE0 | CANTALOUPE INC | $494,630 | 0.09% | 62,850 | Common | NONE |
| 576485205 | MTDR | MATADOR RES CO | $485,304 | 0.09% | 9,499 | Common | SOLE |
| 431571108 | 9HI | HILLENBRAND INC | $477,827 | 0.08% | 19,794 | Common | SOLE |
| 006739106 | ADUS | ADDUS HOMECARE CORP | $473,782 | 0.08% | 4,791 | Common | SOLE |
| 65339F101 | NEE | NEXTERA ENERGY INC | $459,722 | 0.08% | 6,485 | Common | SOLE |
| 687380105 | ORRF | ORRSTOWN FINL SVCS INC | $440,907 | 0.08% | 14,692 | Common | SOLE |
| 690742101 | OC | OWENS CORNING NEW | $416,749 | 0.07% | 2,918 | Common | SOLE |
| 84857L101 | SR | SPIRE INC | $415,429 | 0.07% | 5,309 | Common | SOLE |
| 03209R103 | AMPH | AMPHASTAR PHARMACEUTICALS IN | $402,642 | 0.07% | 13,889 | Common | SOLE |
| 09261X102 | BXSL | BLACKSTONE SECD LENDING FD | $321,076 | 0.06% | 9,922 | Common | SOLE |
| 56035L104 | MAIN | MAIN STR CAP CORP | $247,393 | 0.04% | 4,374 | Common | SOLE |
| 83012A109 | TSLX | SIXTH STREET SPECIALTY LENDI | $240,137 | 0.04% | 10,730 | Common | SOLE |
| 22978P106 | CUE1EUR | CUE BIOPHARMA INC | $234,332 | 0.04% | 257,225 | Common | SOLE |
| 427096508 | HTGC | HERCULES CAPITAL INC | $231,192 | 0.04% | 12,035 | Common | SOLE |
| 74348A467 | NOBL | PROSHARES TR | $227,964 | 0.04% | 2,231 | Common | SOLE |
| 302635206 | FSK | FS KKR CAP CORP | $222,782 | 0.04% | 10,634 | Common | SOLE |
| 316500107 | FDUS | FIDUS INVT CORP | $203,125 | 0.04% | 9,962 | Common | SOLE |
| 42238H108 | BEAT | HEARTBEAM INC | $100,500 | 0.02% | 50,000 | Common | SOLE |
| 04965B100 | ATOM | ATOMERA INC | $80,000 | 0.01% | 20,000 | Common | SOLE |
Source: SEC EDGAR · raw 13F holdings as filed. The Class column shows the option type when reported (Put/Call) or Common when the issuer's equity is held directly. 13F discloses long positions only.