Q4 2025 · 13F-HR
Applied Fundamental Research, LLCholdings as filed
Filed 2026-01-28 · accession 0001849776-26-000001
$100.7M
Reported value
10
Positions
2025-12-31
Period end
The Brief · Applied Fundamental Research, LLC · Q4 2025
AI · grounded in 13F
Applied Fundamental Research, LLC closed its position in HSI, reducing exposure by $8.69M. The fund established a new position in HEI/A valued at $7.1M. Other activity included increasing share counts in NABL by 18.29% and UFPT by 8.28%.
Holdings as filed
| CUSIP | Ticker | Issuer | Value | % port. | Shares | Class | Voting |
|---|---|---|---|---|---|---|---|
| 44891N208 | IAC | IAC INC | $17.5M | 17.4% | 448,254 | Common | SOLE |
| 267475101 | DY | DYCOM INDS INC | $11.8M | 11.7% | 34,972 | Common | SOLE |
| 902673102 | UFPT | UFP TECHNOLOGIES INC | $11.7M | 11.6% | 52,788 | Common | SOLE |
| 30260D103 | FIGS | FIGS INC | $9.9M | 9.88% | 875,819 | Common | SOLE |
| 023586506 | UHAL/B | U HAUL HOLDING COMPANY | $9.9M | 9.84% | 212,026 | Common | SOLE |
| 62878D100 | NABL | N-ABLE INC | $9.4M | 9.31% | 1,252,829 | Common | SOLE |
| 016255101 | ALGN | ALIGN TECHNOLOGY INC | $9.1M | 9.06% | 58,419 | Common | SOLE |
| 36467J108 | GLPI | GAMING & LEISURE PPTYS INC | $7.6M | 7.55% | 170,207 | Common | SOLE |
| 422806208 | HEI/A | HEICO CORP | $7.1M | 7.05% | 28,134 | Common | SOLE |
| G6564A105 | NOMD | NOMAD FOODS LTD | $6.6M | 6.51% | 524,300 | 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.