Q3 2025 · 13F-HR
Applied Fundamental Research, LLCholdings as filed
Filed 2025-10-30 · accession 0001849776-25-000008
$102.9M
Reported value
10
Positions
2025-09-30
Period end
The Brief · Applied Fundamental Research, LLC · Q3 2025
AI · grounded in 13F
Applied Fundamental Research, LLC established a new position in DY valued at $15.76M. The fund also initiated new stakes in IAC for $15.27M and GLPI for $10.05M. Additional new positions include UHAL/B, UFPT, and NOMD. The fund ended the period with 10 positions and total AUM of $102.92M.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 267475101 | DY | DYCOM INDS INC | $15.8M | 15.3% | 54,018 | Common | SOLE |
| 44891N208 | IAC | IAC INC | $15.3M | 14.8% | 448,254 | Common | SOLE |
| 36467J108 | GLPI | GAMING & LEISURE PPTYS INC | $10.1M | 9.77% | 215,693 | Common | SOLE |
| 023586506 | UHAL/B | U HAUL HOLDING COMPANY | $9.9M | 9.64% | 194,870 | Common | SOLE |
| 902673102 | UFPT | UFP TECHNOLOGIES INC | $9.7M | 9.46% | 48,753 | Common | SOLE |
| G6564A105 | NOMD | NOMAD FOODS LTD | $9.7M | 9.43% | 738,016 | Common | SOLE |
| 422819102 | HSI | HEIDRICK & STRUGGLES INTL IN | $8.7M | 8.44% | 174,612 | Common | SOLE |
| 30260D103 | FIGS | FIGS INC | $8.5M | 8.29% | 1,274,818 | Common | SOLE |
| 62878D100 | NABL | N-ABLE INC | $8.3M | 8.03% | 1,059,149 | Common | SOLE |
| 016255101 | ALGN | ALIGN TECHNOLOGY INC | $7.0M | 6.80% | 55,894 | 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.