Applied Fundamental Research, LLC 13F holdings, Q2 2025
Holdings as of June 30, 2025 · filings on SEC EDGAR · latest filing →
Applied Fundamental Research, LLC disclosed 11 US equity positions worth $112.8m in its Q2 2025 13F filing. The largest position was PPLI at 15.5% of the reported book, followed by DY and NOMD. Against the Q1 2025 filing, it opened 1 new position, added to 1 and reduced 9 among the top 11 holdings.
What did Applied Fundamental Research, LLC own in Q2 2025? Top 11 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q1 2025 |
|---|---|---|---|---|---|---|---|
| 1 | PPLI IAC INC | Communication Services | 15.5% | $17.5m | 467,541 | 12% | added |
| 2 | DY DYCOM INDS INC | Industrials | 14.7% | $16.6m | 67,746 | -10% | reduced |
| 3 | NOMD NOMAD FOODS LTD | Consumer Defensive | 13.3% | $15.0m | 881,092 | -5% | reduced |
| 4 | GLPI GAMING & LEISURE PPTYS INC | Real Estate | 9.7% | $11.0m | 234,597 | -28% | reduced |
| 5 | UFPT UFP TECHNOLOGIES INC | Healthcare | 8.5% | $9.6m | 39,439 | -12% | reduced |
| 6 | UHAL/B U HAUL HOLDING COMPANY | 8.2% | $9.3m | 170,824 | -12% | reduced | |
| 7 | FIGS FIGS INC | Consumer Cyclical | 8.0% | $9.0m | 1,592,780 | -12% | reduced |
| 8 | NABL N-ABLE INC | Technology | 7.5% | $8.5m | 1,048,374 | -3% | reduced |
| 9 | HSI HEIDRICK & STRUGGLES INTL IN | 7.2% | $8.1m | 176,988 | -38% | reduced | |
| 10 | ALGN ALIGN TECHNOLOGY INC | Healthcare | 5.3% | $5.9m | 31,292 | – | new |
| 11 | JBI JANUS INTERNATIONAL GROUP IN | Industrials | 2.2% | $2.5m | 304,542 | -12% | reduced |
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.