Applied Fundamental Research, LLC 13F holdings, Q3 2025
Holdings as of September 30, 2025 · filings on SEC EDGAR · latest filing →
Applied Fundamental Research, LLC disclosed 10 US equity positions worth $102.9m in its Q3 2025 13F filing. The largest position was DY at 15.3% of the reported book, followed by PPLI and GLPI. Against the Q2 2025 filing, it opened 0 new positions, added to 4 and reduced 6 among the top 10 holdings.
What did Applied Fundamental Research, LLC own in Q3 2025? Top 10 positions
| # | Stock | Sector | Weight | Value | Shares | Δ shares | vs Q2 2025 |
|---|---|---|---|---|---|---|---|
| 1 | DY DYCOM INDS INC | Industrials | 15.3% | $15.8m | 54,018 | -20% | reduced |
| 2 | PPLI IAC INC | Communication Services | 14.8% | $15.3m | 448,254 | -4% | reduced |
| 3 | GLPI GAMING & LEISURE PPTYS INC | Real Estate | 9.8% | $10.1m | 215,693 | -8% | reduced |
| 4 | UHAL/B U HAUL HOLDING COMPANY | 9.6% | $9.9m | 194,870 | 14% | added | |
| 5 | UFPT UFP TECHNOLOGIES INC | Healthcare | 9.5% | $9.7m | 48,753 | 24% | added |
| 6 | NOMD NOMAD FOODS LTD | Consumer Defensive | 9.4% | $9.7m | 738,016 | -16% | reduced |
| 7 | HSI HEIDRICK & STRUGGLES INTL IN | 8.4% | $8.7m | 174,612 | -1% | reduced | |
| 8 | FIGS FIGS INC | Consumer Cyclical | 8.3% | $8.5m | 1,274,818 | -20% | reduced |
| 9 | NABL N-ABLE INC | Technology | 8.0% | $8.3m | 1,059,149 | 1% | added |
| 10 | ALGN ALIGN TECHNOLOGY INC | Healthcare | 6.8% | $7.0m | 55,894 | 79% | added |
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.