Advisory Research Inc.

Name: ADVISORY RESEARCH INC 13F holdings, Q4 2025
Creator: ADVISORY RESEARCH INC
Published: 2026-02-13

Q2 2026Q1 2026Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

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%
NVT Nvent Electric PLC	0.15%	11,763	$1.2M	Add +5.5%
CVX Chevron Corp.	0.15%	7,781	$1.2M	Reduce -11.9%
MCD McDonald's Corp.	0.15%	3,820	$1.2M	Reduce -9.0%
IVZ Invesco Ltd.	0.14%	43,861	$1.2M	New
GTES Gates Industrial Corp. UK Ltd.	0.14%	51,984	$1.1M	Reduce -7.5%
ACMR Acm Research Inc. Class A	0.14%	27,324	$1.1M	Add +5.4%
SUPN Supernus Pharmaceuticals Inc.	0.12%	19,975	$993K	Add +4.8%
GLUE Monte Rosa Therapeutics Inc.	0.12%	63,220	$991K	New
ABT Abbott Laboratories	0.12%	7,740	$970K	Reduce -13.0%
COP Conocophillips	0.12%	10,345	$968K	Reduce -14.2%
G Genpact Ltd.	0.12%	20,672	$967K	Add +5.2%
GENI Genius Sports Ltd.	0.12%	86,973	$958K	Add +5.2%
MTDR Matador Resources Co.	0.12%	22,441	$952K	Add +3.8%
WSR Whitestone REIT	0.12%	66,829	$928K	Add +5.3%
RRX Regal Rexnord Corp.	0.12%	6,598	$926K	Reduce -11.8%
SHY iShares 1-3 Year Treasury Bo	0.12%	11,154	$924K	Reduce -0.1%
UFPI Ufp Industries Inc.	0.12%	10,063	$916K	Add +3.6%
PATK Patrick Industries Inc.	0.11%	7,804	$846K	Add +5.3%
SNX TD Synnex Corp.	0.11%	5,567	$836K	New
RAL Ralliant Corp.	0.10%	15,381	$783K	New
BYD Boyd Gaming Corp.	0.10%	8,964	$764K	Add +5.2%
HRB H&R Block Inc. filed as BLOCK H & R INC	0.10%	17,526	$764K	Add +4.1%
UNH Unitedhealth Group Inc.	0.09%	2,242	$740K	Reduce -13.6%
TOST Toast Inc. Class A	0.09%	20,695	$735K	New
BX Blackstone Inc.	0.09%	4,667	$719K	No change
CPRT Copart Inc.	0.09%	18,036	$706K	New
PI Impinj Inc.	0.08%	3,873	$674K	Add +5.3%
BRBR Bellring Brands Inc.	0.08%	23,379	$625K	Reduce -5.3%
FUL H.B. Fuller Co. filed as FULLER H B CO	0.08%	10,436	$621K	Reduce -2.1%
PRGS Progress Software Corp.	0.08%	14,359	$617K	Reduce -5.6%
ADUS Addus Homecare Corp.	0.08%	5,623	$604K	Add +5.4%
RS Reliance Inc.	0.07%	1,892	$547K	Add +6.2%
SR Spire Inc.	0.07%	6,297	$521K	Add +5.6%
ACIW Aci Worldwide Inc.	0.06%	9,842	$471K	Add +5.2%
SGHC Super Group SGHC Ltd.	0.06%	37,688	$450K	Add +5.4%
AMPH Amphastar Pharmaceuticals Inc.	0.05%	15,161	$406K	Reduce -2.0%
MICC The Magnum Ice Cream Co. NV	0.04%	18,967	$301K	Reduce -11.6%
CTLP Cantaloupe Inc.	0.03%	24,860	$264K	Reduce -27.6%
SDY SS SPDR S&P Dividend ETF	0.03%	1,743	$243K	New
NOBL Proshares S&P 500 Dividend A	0.03%	2,231	$232K	No change
BEAT Heartbeam Inc.	0.02%	50,000	$120K	No change
CUE Cue Biopharma Inc.	0.01%	257,225	$79K	No change
ATOM Atomera Inc.	0.01%	20,000	$44K	No change

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