Q4 2025 Holdings
Filed 2026-02-11 | 49 holdings | $1.2B | 13F-HR | View on SEC ↗ · Holdings Table ↗
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| Issuer | Class | CUSIP | Value ↓ | Shares | % Portfolio |
|---|---|---|---|---|---|
| Stonex Group Inc(SNEX) | COM | 861896108 | $124.8M | 1,311,632 | 10.3% |
| VSE Corp(VSEC) | COM | 918284100 | $110.7M | 640,827 | 9.1% |
| Triumph Financial Inc(TFIN) | COM | 89679E300 | $94.9M | 1,515,877 | 7.8% |
| Eplus Inc(PLUS) | COM | 294268107 | $87.8M | 1,001,563 | 7.2% |
| BGC Group Inc(BGC) | CL A | 088929104 | $87.4M | 9,787,140 | 7.2% |
| Winmark Corp(WINA) | COM | 974250102 | $70.5M | 174,073 | 5.8% |
| UL Solutions Inc(ULS) | CLASS A COM SHS | 903731107 | $65.5M | 830,766 | 5.4% |
| IES Hldgs Inc(IESC) | COM | 44951W106 | $55.5M | 142,637 | 4.6% |
| Baker Hughes Company(BKR) | CL A | 05722G100 | $46.0M | 1,009,510 | 3.8% |
| Argan Inc(AGX) | COM | 04010E109 | $44.8M | 142,942 | 3.7% |
| Marriott Intl Inc New(MAR) | CL A | 571903202 | $42.0M | 135,420 | 3.5% |
| Agilysys Inc(AGYS) | COM | 00847J105 | $41.4M | 348,777 | 3.4% |
| NVR Inc(NVR) | COM | 62944T105 | $39.1M | 5,360 | 3.2% |
| UFP Technologies Inc(UFPT) | COM | 902673102 | $34.0M | 153,236 | 2.8% |
| Daily Journal Corp(DJCO) | COM | 233912104 | $32.6M | 66,819 | 2.7% |
| I3 Verticals Inc(IIIV) | COM CL A | 46571Y107 | $29.3M | 1,163,866 | 2.4% |
| LSI Inds Inc Ohio(LYTS) | COM | 50216C108 | $26.5M | 1,445,833 | 2.2% |
| Unitedhealth Group Inc(UNH) | COM | 91324P102 | $25.9M | 78,460 | 2.1% |
| Consolidated Water Co Inc(CWCO) | ORD | G23773107 | $25.0M | 707,260 | 2.1% |
| Tripadvisor Inc(TRIP) | COM | 896945201 | $24.9M | 1,707,800 | 2.0% |
| Firstservice Corp New(FSV) | COM | 33767E202 | $19.5M | 125,575 | 1.6% |
| Climb Global Solutions Inc(CLMB) | COM | 946760105 | $19.5M | 189,851 | 1.6% |
| Nomad Foods LTD(NOMD) | USD ORD SHS | G6564A105 | $16.0M | 1,277,803 | 1.3% |
| Siga Technologies Inc(SIGA) | COM | 826917106 | $14.7M | 2,408,824 | 1.2% |
| NB Bancorp Inc(NBBK) | COM | 63945M107 | $13.7M | 693,000 | 1.1% |
| Nayax LTD(NYAX) | SHS | M7S750159 | $11.6M | 229,713 | 1.0% |
| Janus International Group in(JBI) | COMMON STOCK | 47103N106 | $9.9M | 1,520,530 | 0.8% |