Advisory Research Inc.
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Advisory Research Inc. reported 143 stock positions worth $795.7 million. Its top holding was Trimas (TRS) at 4.9% of the portfolio, followed by Openlane (OPLN, 4.2%) and Taiwan Semiconductor-SP ADR (TSM, 4.1%). Compared with Q3 2025, it opened 11 new positions, sold out of 18, added to 64 and reduced 55. The biggest buy was Myers Industries (MYE, shares +85%) and the biggest sale Driven Brands (DRVN, shares −78%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0000902584
- Portfolio Value
- $795.7M (Q4 2025)
- SEC Filing
- 0000902584-26-000002 ↗ filed Feb 13, 2026
Holdings Value
Holdings 143 stocks · $795.7M
| TRS Trimas Corp. | 4.88% | 1,096,013 | $38.9M | Add +46.0% |
| OPLN Openlane Inc. | 4.24% | 1,133,355 | $33.8M | Add +11.4% |
| TSM Taiwan Semiconductor-SP ADR | 4.07% | 106,654 | $32.4M | Add +1.6% |
| DJCO Daily Journal Corp. | 4.02% | 65,564 | $32.0M | Add +14.1% |
| TPR Tapestry Inc. | 3.72% | 231,408 | $29.6M | Add +1.4% |
| PM Philip Morris International | 3.60% | 178,542 | $28.6M | Add +1.9% |
| AVGO Broadcom Inc. | 3.58% | 82,424 | $28.5M | Reduce -3.9% |
| GOOGL Alphabet Inc. Class A | 3.57% | 90,667 | $28.4M | Reduce -1.4% |
| MYE Myers Industries Inc. | 3.07% | 1,302,928 | $24.4M | Add +84.5% |
| PRSU Pursuit Attractions and Hosp | 2.94% | 694,821 | $23.4M | Reduce -4.4% |
| BELFB Bel Fuse Inc. Class B | 2.87% | 134,790 | $22.9M | Reduce -30.4% |
| MTG Mgic Investment Corp. | 2.81% | 764,479 | $22.3M | Add +1.9% |
| MSFT Microsoft Corp. | 2.54% | 41,743 | $20.2M | Reduce -0.0% |
| JBTM JBT Marel Corp. | 2.47% | 130,399 | $19.6M | Reduce -1.3% |
| CME Cme Group Inc. | 2.14% | 62,402 | $17.0M | Add +2.1% |
| PHIN Phinia Inc. | 2.12% | 269,625 | $16.9M | Reduce -1.6% |
| KDP Keurig Dr Pepper Inc. | 2.07% | 589,003 | $16.5M | Add +55.9% |
| ABBV Abbvie Inc. | 2.03% | 70,693 | $16.2M | Add +1.0% |
| GSK GSK PLC-Spon ADR | 2.00% | 323,838 | $15.9M | Add +2.2% |
| AEP American Electric Power | 1.98% | 136,315 | $15.7M | Add +2.0% |
| LEGH Legacy Housing Corp. | 1.79% | 730,944 | $14.3M | Add +11.0% |
| PFGC Performance Food Group Co. | 1.53% | 135,766 | $12.2M | Reduce -3.8% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 1.32% | 122,024 | $10.5M | Add +1.3% |
| META Meta Platforms Inc. Class A | 1.31% | 15,823 | $10.4M | Reduce -5.8% |
| HUBB Hubbell Inc. | 1.31% | 23,460 | $10.4M | Add +2.4% |
| ACVA Acv Auctions Inc. Class A | 1.10% | 1,092,747 | $8.8M | New |
| EEX Emerald Holding Inc. | 1.01% | 1,789,157 | $8.0M | Add +0.7% |
| HLLY Holley Inc. | 1.00% | 1,930,756 | $8.0M | Reduce -14.2% |
| LAMR Lamar Advertising Co. Class A | 0.96% | 60,425 | $7.6M | Add +2.2% |
| SGOV iShares 0-3 Month Treasury B | 0.91% | 72,188 | $7.2M | Add +41.2% |
| FERG Ferguson Enterprises Inc. | 0.89% | 31,948 | $7.1M | Reduce -2.6% |
| BTI British American Tob-SP ADR | 0.84% | 117,802 | $6.7M | Add +128.9% |
| UL Unilever PLC-Sponsored ADR | 0.79% | 96,671 | $6.3M | Add +1.5% |
| LRCX Lam Research Corp. | 0.60% | 28,106 | $4.8M | Add +1.7% |
| NIC Nicolet Bankshares Inc. | 0.60% | 39,596 | $4.8M | Reduce -5.9% |
| SSB Southstate Bank Corp. | 0.56% | 47,285 | $4.4M | Reduce -1.2% |
| HMC Honda Motor Co. Ltd.-Spons ADR | 0.53% | 142,234 | $4.2M | Reduce -1.8% |
| VGSH Vanguard Short-Term Treasury | 0.51% | 69,657 | $4.1M | No change |
| STLD Steel Dynamics Inc. | 0.49% | 22,827 | $3.9M | Add +2.1% |
| DAC Danaos Corp. | 0.47% | 39,648 | $3.7M | Add +2.4% |
| VCIT Vanguard Int-Term Corporate | 0.47% | 44,466 | $3.7M | No change |
| TAP Molson Coors Beverage Co. Class B | 0.47% | 79,559 | $3.7M | Add +46.8% |
| SHV iShares 0-1 Year Treasury Bo | 0.46% | 33,491 | $3.7M | Reduce -6.3% |
| VUSB Vanguard Ultra Short Bond Et | 0.46% | 73,411 | $3.7M | Add +61.8% |
| CALM Cal-Maine Foods Inc. | 0.44% | 43,851 | $3.5M | New |
| ACA Arcosa Inc. | 0.42% | 31,774 | $3.4M | Reduce -5.5% |
| HD Home Depot Inc. | 0.42% | 9,727 | $3.3M | Reduce -0.8% |
| AAPL Apple Inc. | 0.40% | 11,792 | $3.2M | Add +0.1% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.40% | 39,811 | $3.2M | Add +3.3% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.39% | 57,761 | $3.1M | No change |
| AMGN Amgen Inc. | 0.39% | 9,499 | $3.1M | Add +0.6% |
| ALKT Alkami Technology Inc. | 0.38% | 129,656 | $3.0M | Reduce -5.5% |
| RSP Invesco S&P 500 Equal Weight | 0.37% | 15,512 | $3.0M | Add +55.6% |
| REVG Rev Group Inc. | 0.36% | 47,204 | $2.9M | Reduce -5.5% |
| WBS Webster Financial Corp. | 0.35% | 44,850 | $2.8M | Reduce -5.6% |
| LMT Lockheed Martin Corp. | 0.35% | 5,825 | $2.8M | Add +2.1% |
| ABG Asbury Automotive Group | 0.35% | 11,929 | $2.8M | Reduce -5.7% |
| ARES Ares Management Corp. Class A | 0.35% | 17,110 | $2.8M | Add +1.2% |
| EXP Eagle Materials Inc. | 0.34% | 13,176 | $2.7M | Reduce -5.5% |
| ACN Accenture PLC Class A | 0.33% | 9,898 | $2.7M | Reduce -10.2% |
| FRME First Merchants Corp. | 0.32% | 68,439 | $2.6M | Reduce -5.4% |
| VIG Vanguard Dividend Apprec ETF | 0.32% | 11,658 | $2.6M | No change |
| ORCL Oracle Corp. | 0.32% | 12,913 | $2.5M | Add +1.9% |
| AX Axos Financial Inc. | 0.31% | 28,999 | $2.5M | Add +5.6% |
| VOO Vanguard S&P 500 ETF | 0.31% | 3,947 | $2.5M | Reduce -28.6% |
| EME Emcor Group Inc. | 0.30% | 3,946 | $2.4M | Add +2.3% |
| NTAP Netapp Inc. | 0.30% | 22,417 | $2.4M | Add +2.2% |
| ACWI iShares MSCI Acwi ETF | 0.29% | 16,180 | $2.3M | Add +472.1% |
| WAL Western Alliance Bancorp | 0.28% | 26,805 | $2.3M | Reduce -42.5% |
| DRVN Driven Brands Holdings Inc. | 0.27% | 146,201 | $2.2M | Reduce -78.0% |
| JEF Jefferies Financial Group Inc. | 0.26% | 33,653 | $2.1M | Reduce -5.6% |
| VVV Valvoline Inc. | 0.26% | 71,152 | $2.1M | Reduce -5.5% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.25% | 36,890 | $2.0M | No change |
| HQY Healthequity Inc. | 0.24% | 21,069 | $1.9M | Reduce -5.5% |
| MPTI M-Tron Industries Inc. | 0.24% | 35,599 | $1.9M | New |
| EHC Encompass Health Corp. | 0.23% | 17,086 | $1.8M | Add +5.6% |
| JPM JPMorgan Chase & Co. | 0.23% | 5,580 | $1.8M | Reduce -9.2% |
| NRG NRG Energy Inc. | 0.22% | 11,113 | $1.8M | Add +5.6% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.22% | 31,157 | $1.7M | Reduce -7.0% |
| NCNO Ncino Inc. | 0.21% | 65,965 | $1.7M | Reduce -21.2% |
| MTN Vail Resorts Inc. | 0.21% | 12,705 | $1.7M | Add +14.7% |
| MBB iShares MBS ETF | 0.21% | 17,518 | $1.7M | No change |
| BRK.B Berkshire Hathaway Inc. Class B | 0.20% | 3,193 | $1.6M | Add +4.0% |
| FLYW Flywire Corp.-Voting | 0.20% | 109,894 | $1.6M | Reduce -5.5% |
| AXP American Express Co. | 0.19% | 4,167 | $1.5M | Reduce -17.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.19% | 9,828 | $1.5M | Reduce -9.6% |
| VEA Vanguard Ftse Developed ETF | 0.19% | 24,026 | $1.5M | No change |
| CDW CDW Corp. | 0.19% | 10,958 | $1.5M | Add +9.8% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 4,966 | $1.4M | No change |
| UNP Union Pacific Corp. | 0.18% | 6,107 | $1.4M | Add +2.4% |
| XBI SS SPDR S&P Biotech ETF | 0.17% | 11,269 | $1.4M | Add +5.5% |
| UNM Unum Group | 0.17% | 17,325 | $1.3M | Add +5.6% |
| IWM iShares Russell 2000 ETF | 0.17% | 5,364 | $1.3M | New |
| AZO AutoZone Inc. | 0.16% | 382 | $1.3M | Reduce -26.5% |
| SYBT Stock Yards Bancorp Inc. | 0.16% | 19,791 | $1.3M | Reduce -5.6% |
| ALSN Allison Transmission Holding | 0.16% | 12,704 | $1.2M | Add +5.3% |
| ESI Element Solutions Inc. | 0.15% | 49,127 | $1.2M | Reduce -18.5% |
| SPY SS SPDR S&P 500 ETF Trust-US | 0.15% | 1,798 | $1.2M | Add +106.0% |
| CPK Chesapeake Utilities Corp. | 0.15% | 9,728 | $1.2M | Reduce -10.3% |
| OSW Onespaworld Holdings Ltd. | 0.15% | 58,171 | $1.2M | Reduce -53.7% |
Portfolio Sells Q3 2025 → Q4 2025
| DRVN Driven Brands Holdings Inc. | Reduce -78.0% | 0.27% | −1.14 |
| VZ Verizon Communications Inc. | Sold out | 0.00% | −1.07 |
| BELFB Bel Fuse Inc. Class B | Reduce -30.4% | 2.87% | −0.71 |
| PRSU Pursuit Attractions and Hosp | Reduce -4.4% | 2.94% | −0.51 |
| BELFA Bel Fuse Inc. Class A | Sold out | 0.00% | −0.43 |
| PBI Pitney Bowes Inc. | Sold out | 0.00% | −0.41 |
| PFGC Performance Food Group Co. | Reduce -3.8% | 1.53% | −0.39 |
| MCRI Monarch Casino & Resort Inc. | Sold out | 0.00% | −0.33 |
| META Meta Platforms Inc. Class A | Reduce -5.8% | 1.31% | −0.31 |
| MSFT Microsoft Corp. | Reduce -0.0% | 2.54% | −0.30 |
| WAL Western Alliance Bancorp | Reduce -42.5% | 0.28% | −0.25 |
| OSW Onespaworld Holdings Ltd. | Reduce -53.7% | 0.15% | −0.20 |
| GO Grocery Outlet Holding Corp. | Sold out | 0.00% | −0.18 |
| NIC Nicolet Bankshares Inc. | Reduce -5.9% | 0.60% | −0.14 |
| HI Hillenbrand Inc. | Sold out | 0.00% | −0.13 |
| VOO Vanguard S&P 500 ETF | Reduce -28.6% | 0.31% | −0.13 |
| AZO AutoZone Inc. | Reduce -26.5% | 0.16% | −0.13 |
| AVGO Broadcom Inc. | Reduce -3.9% | 3.58% | −0.13 |
| HD Home Depot Inc. | Reduce -0.8% | 0.42% | −0.10 |
| VVV Valvoline Inc. | Reduce -5.5% | 0.26% | −0.10 |
| ARCC Ares Capital Corp. | Sold out | 0.00% | −0.09 |
| NCNO Ncino Inc. | Reduce -21.2% | 0.21% | −0.09 |
| EXP Eagle Materials Inc. | Reduce -5.5% | 0.34% | −0.08 |
| FERG Ferguson Enterprises Inc. | Reduce -2.6% | 0.89% | −0.07 |
| ALKT Alkami Technology Inc. | Reduce -5.5% | 0.38% | −0.07 |
| SAIC Science Applications Inte | Sold out | 0.00% | −0.07 |
| SSB Southstate Bank Corp. | Reduce -1.2% | 0.56% | −0.06 |
| OC Owens Corning | Sold out | 0.00% | −0.06 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Reduce -1.8% | 0.53% | −0.06 |
| ABG Asbury Automotive Group | Reduce -5.7% | 0.35% | −0.06 |
| SHV iShares 0-1 Year Treasury Bo | Reduce -6.3% | 0.46% | −0.06 |
| ESI Element Solutions Inc. | Reduce -18.5% | 0.15% | −0.04 |
| JEF Jefferies Financial Group Inc. | Reduce -5.6% | 0.26% | −0.04 |
| GTES Gates Industrial Corp. UK Ltd. | Reduce -7.5% | 0.14% | −0.04 |
| BXSL Blackstone Secured Lending F | Sold out | 0.00% | −0.04 |
| BRBR Bellring Brands Inc. | Reduce -5.3% | 0.08% | −0.04 |
| CPK Chesapeake Utilities Corp. | Reduce -10.3% | 0.15% | −0.04 |
| RYZ Ryerson Holding Corp. | Sold out | 0.00% | −0.04 |
| FRME First Merchants Corp. | Reduce -5.4% | 0.32% | −0.04 |
| HQY Healthequity Inc. | Reduce -5.5% | 0.24% | −0.03 |
| ABT Abbott Laboratories | Reduce -13.0% | 0.12% | −0.03 |
| SYBT Stock Yards Bancorp Inc. | Reduce -5.6% | 0.16% | −0.03 |
| CVX Chevron Corp. | Reduce -11.9% | 0.15% | −0.03 |
| TSLX Sixth Street Specialty Lendi | Sold out | 0.00% | −0.03 |
| HTGC Hercules Capital Inc. | Sold out | 0.00% | −0.03 |
| MAIN Main Street Capital Corp. | Sold out | 0.00% | −0.03 |
| JPM JPMorgan Chase & Co. | Reduce -9.2% | 0.23% | −0.03 |
| COP Conocophillips | Reduce -14.2% | 0.12% | −0.03 |
| FDUS Fidus Investment Corp. | Sold out | 0.00% | −0.03 |
| AXP American Express Co. | Reduce -17.8% | 0.19% | −0.03 |
Portfolio Buys Q3 2025 → Q4 2025
| MYE Myers Industries Inc. | Add +84.5% | 3.07% | +1.49 |
| ACVA Acv Auctions Inc. Class A | New | 1.10% | +1.10 |
| TRS Trimas Corp. | Add +46.0% | 4.88% | +1.07 |
| KDP Keurig Dr Pepper Inc. | Add +55.9% | 2.07% | +0.81 |
| DJCO Daily Journal Corp. | Add +14.1% | 4.02% | +0.50 |
| BTI British American Tob-SP ADR | Add +128.9% | 0.84% | +0.48 |
| CALM Cal-Maine Foods Inc. | New | 0.44% | +0.44 |
| OPLN Openlane Inc. | Add +11.4% | 4.24% | +0.40 |
| TPR Tapestry Inc. | Add +1.4% | 3.72% | +0.32 |
| MPTI M-Tron Industries Inc. | New | 0.24% | +0.24 |
| ACWI iShares MSCI Acwi ETF | Add +472.1% | 0.29% | +0.24 |
| SGOV iShares 0-3 Month Treasury B | Add +41.2% | 0.91% | +0.23 |
| TSM Taiwan Semiconductor-SP ADR | Add +1.6% | 4.07% | +0.22 |
| GSK GSK PLC-Spon ADR | Add +2.2% | 2.00% | +0.20 |
| IWM iShares Russell 2000 ETF | New | 0.17% | +0.17 |
| VUSB Vanguard Ultra Short Bond Et | Add +61.8% | 0.46% | +0.16 |
| IVZ Invesco Ltd. | New | 0.14% | +0.14 |
| TAP Molson Coors Beverage Co. Class B | Add +46.8% | 0.47% | +0.14 |
| RSP Invesco S&P 500 Equal Weight | Add +55.6% | 0.37% | +0.13 |
| GLUE Monte Rosa Therapeutics Inc. | New | 0.12% | +0.12 |
| LRCX Lam Research Corp. | Add +1.7% | 0.60% | +0.12 |
| SNX TD Synnex Corp. | New | 0.11% | +0.11 |
| RAL Ralliant Corp. | New | 0.10% | +0.10 |
| TOST Toast Inc. Class A | New | 0.09% | +0.09 |
| CPRT Copart Inc. | New | 0.09% | +0.09 |
| SPY SS SPDR S&P 500 ETF Trust-US | Add +106.0% | 0.15% | +0.08 |
| STLD Steel Dynamics Inc. | Add +2.1% | 0.49% | +0.08 |
| AMGN Amgen Inc. | Add +0.6% | 0.39% | +0.04 |
| XBI SS SPDR S&P Biotech ETF | Add +5.5% | 0.17% | +0.03 |
| SDY SS SPDR S&P Dividend ETF | New | 0.03% | +0.03 |
| ALSN Allison Transmission Holding | Add +5.3% | 0.16% | +0.02 |
| HUBB Hubbell Inc. | Add +2.4% | 1.31% | +0.01 |
| WSR Whitestone REIT | Add +5.3% | 0.12% | +0.01 |
| G Genpact Ltd. | Add +5.2% | 0.12% | +0.01 |
| MTG Mgic Investment Corp. | Add +1.9% | 2.81% | +0.01 |
| DAC Danaos Corp. | Add +2.4% | 0.47% | +0.01 |
| LAMR Lamar Advertising Co. Class A | Add +2.2% | 0.96% | +0.01 |
| AAPL Apple Inc. | Add +0.1% | 0.40% | +0.01 |
| AX Axos Financial Inc. | Add +5.6% | 0.31% | +0.01 |
| KB KB Financial Group Inc.-ADR | Add +1.3% | 1.32% | +0.01 |
| NVT Nvent Electric PLC | Add +5.5% | 0.15% | +0.01 |
| PATK Patrick Industries Inc. | Add +5.3% | 0.11% | +0.01 |
| SUPN Supernus Pharmaceuticals Inc. | Add +4.8% | 0.12% | +0.01 |
| RS Reliance Inc. | Add +6.2% | 0.07% | +0.00 |
| ACMR Acm Research Inc. Class A | Add +5.4% | 0.14% | +0.00 |
| SR Spire Inc. | Add +5.6% | 0.07% | +0.00 |
| UNM Unum Group | Add +5.6% | 0.17% | +0.00 |
| AEP American Electric Power | Add +2.0% | 1.98% | +0.00 |
| BYD Boyd Gaming Corp. | Add +5.2% | 0.10% | −0.00 |
| BRK.B Berkshire Hathaway Inc. Class B | Add +4.0% | 0.20% | −0.00 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 136 | $1.0B | MYE, OPLN, TRS, TSM, BELFB |
| Q1 2026 | 137 | $813.5M | TRS, OPLN, MYE, TSM, GOOGL |
| Q4 2025 | 143 | $795.7M | TRS, OPLN, TSM, DJCO, TPR |
| Q3 2025 | 149 | $761.4M | TSM, OPLN, TRS, PM, AVGO |
| Q2 2025 | 142 | $650.9M | BELFB, TRS, PM, AVGO, TSM |
| Q1 2025 | 148 | $567.3M | BELFB, JBTM, TRS, PM, PHIN |
| Q4 2024 | 152 | $601.7M | BELFB, JBTM, AVGO, PHIN, TRS |
| Q3 2024 | 156 | $562.9M | MLR, BELFB, PHIN, AVGO, TSM |
| Q2 2024 | 160 | $531.6M | MLR, MSFT, ESGR, TSM, AVGO |
| Q1 2024 | 156 | $502.9M | MSFT, MLR, ESGR, PRSU, HUBB |