Applied Fundamental Research, LLC 13F holdings, Q1 2025
Holdings as of March 31, 2025 · filings on SEC EDGAR · latest filing →
Applied Fundamental Research, LLC disclosed 12 US equity positions worth $119.3m in its Q1 2025 13F filing. The largest position was PPLI at 16.0% of the reported book, followed by NOMD and GLPI. Against the Q4 2024 filing, it opened 1 new position, added to 2 and reduced 3 among the top 12 holdings.
What did Applied Fundamental Research, LLC own in Q1 2025? Top 12 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q4 2024 |
|---|---|---|---|---|---|---|---|
| 1 | PPLI IAC INC | Communication Services | 16.0% | $19.1m | 416,194 | 0% | held |
| 2 | NOMD NOMAD FOODS LTD | Consumer Defensive | 15.3% | $18.2m | 927,791 | 0% | held |
| 3 | GLPI GAMING & LEISURE PPTYS INC | Real Estate | 13.9% | $16.6m | 326,713 | 0% | held |
| 4 | HSI HEIDRICK & STRUGGLES INTL IN | 10.3% | $12.3m | 287,007 | -2% | reduced | |
| 5 | DY DYCOM INDS INC | Industrials | 9.6% | $11.5m | 75,526 | 48% | added |
| 6 | UHAL/B U HAUL HOLDING COMPANY | 9.6% | $11.5m | 194,199 | 49% | added | |
| 7 | UFPT UFP TECHNOLOGIES INC | Healthcare | 7.6% | $9.0m | 44,841 | 0% | held |
| 8 | FIGS FIGS INC | Consumer Cyclical | 7.0% | $8.3m | 1,814,249 | -27% | reduced |
| 9 | NABL N-ABLE INC | Technology | 6.4% | $7.7m | 1,083,033 | 0% | held |
| 10 | JBI JANUS INTERNATIONAL GROUP IN | Industrials | 2.1% | $2.5m | 346,674 | -56% | reduced |
| 11 | UHAL U HAUL HOLDING COMPANY | Industrials | 1.4% | $1.6m | 25,087 | 0% | held |
| 12 | ANGI ANGI INC | 0.7% | $849.5k | 55,128 | – | new |
Weights are shares of the reported long US equity book (options excluded). Values are as filed, normalised to whole dollars. Share changes compare against the immediately preceding filing only.