Advisory Research Inc.
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Advisory Research Inc. reported 137 stock positions worth $813.5 million. Its top holding was Trimas (TRS) at 4.9% of the portfolio, followed by Openlane (OPLN, 4.6%) and Myers Industries (MYE, 4.0%). Compared with Q4 2025, it opened 13 new positions, sold out of 19, added to 58 and reduced 56. The biggest buy was a new position in National Presto Inds (NPK) and the biggest sale Phinia (PHIN, shares −86%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0000902584
- Portfolio Value
- $813.5M (Q1 2026)
- SEC Filing
- 0000902584-26-000003 ↗ filed May 14, 2026
Holdings Value
Holdings 137 stocks · $813.5M
| TRS Trimas Corp. | 4.95% | 1,119,686 | $40.2M | Add +2.2% |
| OPLN Openlane Inc. | 4.59% | 1,281,612 | $37.4M | Add +13.1% |
| MYE Myers Industries Inc. | 3.97% | 1,525,716 | $32.3M | Add +17.1% |
| TSM Taiwan Semiconductor-SP ADR | 3.40% | 81,785 | $27.6M | Reduce -23.3% |
| GOOGL Alphabet Inc. Class A | 3.30% | 93,261 | $26.8M | Add +2.9% |
| PRSU Pursuit Attractions and Hosp | 3.00% | 665,228 | $24.4M | Reduce -4.3% |
| BELFB Bel Fuse Inc. Class B | 2.90% | 119,364 | $23.6M | Reduce -11.4% |
| KDP Keurig Dr Pepper Inc. | 2.72% | 839,297 | $22.1M | Add +42.5% |
| MTG Mgic Investment Corp. | 2.56% | 794,323 | $20.9M | Add +3.9% |
| NPK National Presto Inds Inc. | 2.49% | 147,634 | $20.2M | New |
| DJCO Daily Journal Corp. | 2.48% | 41,873 | $20.2M | Reduce -36.1% |
| PM Philip Morris International | 2.43% | 119,550 | $19.8M | Reduce -33.0% |
| AVGO Broadcom Inc. | 2.42% | 63,687 | $19.7M | Reduce -22.7% |
| CME Cme Group Inc. | 2.35% | 64,632 | $19.1M | Add +3.6% |
| LEGH Legacy Housing Corp. | 2.32% | 925,319 | $18.9M | Add +26.6% |
| AEP American Electric Power | 2.27% | 141,085 | $18.5M | Add +3.5% |
| JBTM JBT Marel Corp. | 2.21% | 140,747 | $18.0M | Add +7.9% |
| TPR Tapestry Inc. | 2.15% | 124,176 | $17.5M | Reduce -46.3% |
| ABBV Abbvie Inc. | 1.95% | 73,072 | $15.9M | Add +3.4% |
| APA Apa Corp. | 1.95% | 373,347 | $15.8M | New |
| MSFT Microsoft Corp. | 1.94% | 42,737 | $15.8M | Add +2.4% |
| MTDR Matador Resources Co. | 1.91% | 245,480 | $15.5M | Add +993.9% |
| KB KB Financial Group Inc.-ADR filed as KB FINL GROUP INC | 1.60% | 130,613 | $13.0M | Add +7.0% |
| ACVA Acv Auctions Inc. Class A | 1.58% | 3,028,642 | $12.8M | Add +177.2% |
| INTU Intuit Inc. | 1.45% | 27,247 | $11.8M | New |
| HUBB Hubbell Inc. | 1.43% | 23,779 | $11.7M | Add +1.4% |
| GSK GSK PLC-Spon ADR | 1.39% | 204,282 | $11.3M | Reduce -36.9% |
| CMCSA Comcast Corp. Class A | 1.28% | 363,428 | $10.4M | New |
| META Meta Platforms Inc. Class A | 1.24% | 17,561 | $10.0M | Add +11.0% |
| LAMR Lamar Advertising Co. Class A | 1.18% | 75,641 | $9.6M | Add +25.2% |
| MPC Marathon Petroleum Corp. | 1.17% | 38,987 | $9.5M | New |
| EEX Emerald Holding Inc. | 1.04% | 1,867,195 | $8.4M | Add +4.4% |
| BTI British American Tob-SP ADR | 0.94% | 130,231 | $7.6M | Add +10.6% |
| FERG Ferguson Enterprises Inc. | 0.91% | 31,866 | $7.4M | Reduce -0.3% |
| SGOV iShares 0-3 Month Treasury B | 0.74% | 60,111 | $6.1M | Reduce -16.7% |
| NIC Nicolet Bankshares Inc. | 0.66% | 36,163 | $5.4M | Reduce -8.7% |
| DAC Danaos Corp. | 0.66% | 47,407 | $5.3M | Add +19.6% |
| LTM Latam Airlines Group SA-ADR | 0.60% | 98,523 | $4.9M | New |
| PFGC Performance Food Group Co. | 0.57% | 53,752 | $4.6M | Reduce -60.4% |
| SSB Southstate Bank Corp. | 0.54% | 47,088 | $4.4M | Reduce -0.4% |
| LRCX Lam Research Corp. | 0.52% | 19,951 | $4.3M | Reduce -29.0% |
| VCIT Vanguard Int-Term Corporate | 0.52% | 50,986 | $4.2M | Add +14.7% |
| SHV iShares 0-1 Year Treasury Bo | 0.50% | 37,117 | $4.1M | Add +10.8% |
| VUSB Vanguard Ultra Short Bond Et | 0.50% | 81,920 | $4.1M | Add +11.6% |
| VGSH Vanguard Short-Term Treasury | 0.50% | 69,657 | $4.1M | No change |
| STLD Steel Dynamics Inc. | 0.46% | 21,012 | $3.8M | Reduce -8.0% |
| VCSH Vanguard S/T Corp. Bond ETF | 0.45% | 46,435 | $3.7M | Add +16.6% |
| CALM Cal-Maine Foods Inc. | 0.44% | 45,383 | $3.6M | Add +3.5% |
| MPTI M-Tron Industries Inc. | 0.42% | 50,543 | $3.4M | Add +42.0% |
| ACA Arcosa Inc. | 0.41% | 31,374 | $3.3M | Reduce -1.3% |
| LMT Lockheed Martin Corp. | 0.40% | 5,392 | $3.3M | Reduce -7.4% |
| TAP Molson Coors Beverage Co. Class B | 0.40% | 75,226 | $3.2M | Reduce -5.5% |
| VVV Valvoline Inc. | 0.39% | 93,557 | $3.2M | Add +31.5% |
| RSP Invesco S&P 500 Equal Weight | 0.39% | 16,405 | $3.1M | Add +5.8% |
| AMGN Amgen Inc. | 0.38% | 8,822 | $3.1M | Reduce -7.1% |
| HQY Healthequity Inc. | 0.38% | 36,809 | $3.1M | Add +74.7% |
| IGIB iShares 5-10Y Inv Grade Corp. | 0.38% | 57,761 | $3.1M | No change |
| HD Home Depot Inc. | 0.37% | 9,074 | $3.0M | Reduce -6.7% |
| AAPL Apple Inc. | 0.34% | 10,895 | $2.8M | Reduce -7.6% |
| EME Emcor Group Inc. | 0.33% | 3,624 | $2.7M | Reduce -8.2% |
| FRME First Merchants Corp. | 0.32% | 67,634 | $2.6M | Reduce -1.2% |
| PHIN Phinia Inc. | 0.31% | 37,203 | $2.5M | Reduce -86.2% |
| ALKT Alkami Technology Inc. | 0.31% | 160,791 | $2.5M | Add +24.0% |
| VIG Vanguard Dividend Apprec ETF | 0.31% | 11,658 | $2.5M | No change |
| JEF Jefferies Financial Group Inc. | 0.30% | 60,038 | $2.5M | Add +78.4% |
| ACN Accenture PLC Class A | 0.30% | 12,458 | $2.5M | Add +25.9% |
| EXP Eagle Materials Inc. | 0.30% | 13,011 | $2.5M | Reduce -1.3% |
| VOO Vanguard S&P 500 ETF | 0.29% | 3,945 | $2.4M | Reduce -0.1% |
| IGSB iShares 1-5Y Inv Grade Corp. | 0.29% | 44,418 | $2.3M | Add +20.4% |
| ABG Asbury Automotive Group | 0.28% | 11,495 | $2.2M | Reduce -3.6% |
| WBS Webster Financial Corp. | 0.26% | 30,968 | $2.1M | Reduce -30.9% |
| NTAP Netapp Inc. | 0.26% | 20,737 | $2.1M | Reduce -7.5% |
| TEX Terex Corp. | 0.25% | 35,023 | $2.1M | New |
| WAL Western Alliance Bancorp | 0.23% | 26,163 | $1.9M | Reduce -2.4% |
| AAP Advance Auto Parts Inc. | 0.22% | 33,983 | $1.8M | New |
| ORCL Oracle Corp. | 0.22% | 11,971 | $1.8M | Reduce -7.3% |
| NRG NRG Energy Inc. | 0.21% | 11,899 | $1.7M | Add +7.1% |
| ARES Ares Management Corp. Class A | 0.21% | 15,811 | $1.7M | Reduce -7.6% |
| SR Spire Inc. | 0.21% | 18,952 | $1.7M | Add +201.0% |
| MBB iShares MBS ETF | 0.20% | 17,518 | $1.7M | No change |
| MTN Vail Resorts Inc. | 0.20% | 12,545 | $1.6M | Reduce -1.3% |
| VEA Vanguard Ftse Developed ETF | 0.19% | 24,316 | $1.6M | Add +1.2% |
| ALSN Allison Transmission Holding | 0.19% | 13,237 | $1.5M | Add +4.2% |
| JPM JPMorgan Chase & Co. | 0.19% | 5,234 | $1.5M | Reduce -6.2% |
| SGHC Super Group SGHC Ltd. | 0.19% | 141,263 | $1.5M | Add +274.8% |
| TJX TJX Companies Inc. filed as TJX COS INC NEW | 0.18% | 9,218 | $1.5M | Reduce -6.2% |
| EHC Encompass Health Corp. | 0.18% | 15,128 | $1.5M | Reduce -11.5% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.18% | 3,031 | $1.5M | Reduce -5.1% |
| AX Axos Financial Inc. | 0.18% | 16,917 | $1.4M | Reduce -41.7% |
| NVT Nvent Electric PLC | 0.18% | 12,133 | $1.4M | Add +3.1% |
| VO Vngrd Mrngstr MD-Cap ETF-Usd | 0.18% | 4,966 | $1.4M | No change |
| ESI Element Solutions Inc. | 0.17% | 41,617 | $1.4M | Reduce -15.3% |
| CDW CDW Corp. | 0.17% | 11,726 | $1.4M | Add +7.0% |
| XBI SS SPDR S&P Biotech ETF | 0.17% | 10,981 | $1.4M | Reduce -2.6% |
| UNP Union Pacific Corp. | 0.17% | 5,759 | $1.4M | Reduce -5.7% |
| BAC Bank of America Corp. filed as BANK AMERICA CORP | 0.17% | 28,487 | $1.4M | Reduce -8.6% |
| TNC Tennant Co. | 0.17% | 20,410 | $1.4M | New |
| UNM Unum Group | 0.16% | 18,083 | $1.3M | Add +4.4% |
| SYBT Stock Yards Bancorp Inc. | 0.16% | 19,476 | $1.3M | Reduce -1.6% |
| FLYW Flywire Corp.-Voting | 0.16% | 108,514 | $1.3M | Reduce -1.3% |
Portfolio Sells Q4 2025 → Q1 2026
| PHIN Phinia Inc. | Reduce -86.2% | 0.31% | −1.81 |
| TPR Tapestry Inc. | Reduce -46.3% | 2.15% | −1.56 |
| DJCO Daily Journal Corp. | Reduce -36.1% | 2.48% | −1.53 |
| PM Philip Morris International | Reduce -33.0% | 2.43% | −1.17 |
| AVGO Broadcom Inc. | Reduce -22.7% | 2.42% | −1.16 |
| PFGC Performance Food Group Co. | Reduce -60.4% | 0.57% | −0.97 |
| HLLY Holley Inc. | Reduce -83.1% | 0.12% | −0.88 |
| UL Unilever PLC-Sponsored ADR | Sold out | 0.00% | −0.79 |
| TSM Taiwan Semiconductor-SP ADR | Reduce -23.3% | 3.40% | −0.68 |
| GSK GSK PLC-Spon ADR | Reduce -36.9% | 1.39% | −0.61 |
| HMC Honda Motor Co. Ltd.-Spons ADR | Sold out | 0.00% | −0.53 |
| REVG Rev Group Inc. | Sold out | 0.00% | −0.36 |
| ACWI iShares MSCI Acwi ETF | Sold out | 0.00% | −0.29 |
| DRVN Driven Brands Holdings Inc. | Sold out | 0.00% | −0.27 |
| NCNO Ncino Inc. | Sold out | 0.00% | −0.21 |
| SGOV iShares 0-3 Month Treasury B | Reduce -16.7% | 0.74% | −0.17 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.17 |
| OSW Onespaworld Holdings Ltd. | Sold out | 0.00% | −0.15 |
| GTES Gates Industrial Corp. UK Ltd. | Sold out | 0.00% | −0.14 |
| AX Axos Financial Inc. | Reduce -41.7% | 0.18% | −0.14 |
| ARES Ares Management Corp. Class A | Reduce -7.6% | 0.21% | −0.14 |
| WSR Whitestone REIT | Sold out | 0.00% | −0.12 |
| SHY iShares 1-3 Year Treasury Bo | Sold out | 0.00% | −0.12 |
| UFPI Ufp Industries Inc. | Sold out | 0.00% | −0.12 |
| SPY SS SPDR S&P 500 ETF Trust-US | Reduce -66.3% | 0.05% | −0.11 |
| ORCL Oracle Corp. | Reduce -7.3% | 0.22% | −0.10 |
| HRB H&R Block Inc. | Sold out | 0.00% | −0.10 |
| WBS Webster Financial Corp. | Reduce -30.9% | 0.26% | −0.09 |
| PI Impinj Inc. | Sold out | 0.00% | −0.08 |
| LRCX Lam Research Corp. | Reduce -29.0% | 0.52% | −0.08 |
| BRBR Bellring Brands Inc. | Sold out | 0.00% | −0.08 |
| ADUS Addus Homecare Corp. | Sold out | 0.00% | −0.08 |
| ABG Asbury Automotive Group | Reduce -3.6% | 0.28% | −0.07 |
| RS Reliance Inc. | Sold out | 0.00% | −0.07 |
| TAP Molson Coors Beverage Co. Class B | Reduce -5.5% | 0.40% | −0.07 |
| AAPL Apple Inc. | Reduce -7.6% | 0.34% | −0.06 |
| GLUE Monte Rosa Therapeutics Inc. | Reduce -50.6% | 0.06% | −0.06 |
| WAL Western Alliance Bancorp | Reduce -2.4% | 0.23% | −0.06 |
| HD Home Depot Inc. | Reduce -6.7% | 0.37% | −0.05 |
| EHC Encompass Health Corp. | Reduce -11.5% | 0.18% | −0.05 |
| AXP American Express Co. | Reduce -4.7% | 0.15% | −0.05 |
| BAC Bank of America Corp. | Reduce -8.6% | 0.17% | −0.04 |
| NTAP Netapp Inc. | Reduce -7.5% | 0.26% | −0.04 |
| FLYW Flywire Corp.-Voting | Reduce -1.3% | 0.16% | −0.04 |
| EXP Eagle Materials Inc. | Reduce -1.3% | 0.30% | −0.04 |
| MICC The Magnum Ice Cream Co. NV | Sold out | 0.00% | −0.04 |
| JPM JPMorgan Chase & Co. | Reduce -6.2% | 0.19% | −0.04 |
| CTLP Cantaloupe Inc. | Sold out | 0.00% | −0.03 |
| SSB Southstate Bank Corp. | Reduce -0.4% | 0.54% | −0.02 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -5.1% | 0.18% | −0.02 |
Portfolio Buys Q4 2025 → Q1 2026
| NPK National Presto Inds Inc. | New | 2.49% | +2.49 |
| APA Apa Corp. | New | 1.95% | +1.95 |
| MTDR Matador Resources Co. | Add +993.9% | 1.91% | +1.79 |
| INTU Intuit Inc. | New | 1.45% | +1.45 |
| CMCSA Comcast Corp. Class A | New | 1.28% | +1.28 |
| MPC Marathon Petroleum Corp. | New | 1.17% | +1.17 |
| MYE Myers Industries Inc. | Add +17.1% | 3.97% | +0.91 |
| KDP Keurig Dr Pepper Inc. | Add +42.5% | 2.72% | +0.64 |
| LTM Latam Airlines Group SA-ADR | New | 0.60% | +0.60 |
| LEGH Legacy Housing Corp. | Add +26.6% | 2.32% | +0.53 |
| ACVA Acv Auctions Inc. Class A | Add +177.2% | 1.58% | +0.48 |
| OPLN Openlane Inc. | Add +13.1% | 4.59% | +0.35 |
| AEP American Electric Power | Add +3.5% | 2.27% | +0.30 |
| KB KB Financial Group Inc.-ADR | Add +7.0% | 1.60% | +0.28 |
| TEX Terex Corp. | New | 0.25% | +0.25 |
| AAP Advance Auto Parts Inc. | New | 0.22% | +0.22 |
| LAMR Lamar Advertising Co. Class A | Add +25.2% | 1.18% | +0.22 |
| CME Cme Group Inc. | Add +3.6% | 2.35% | +0.21 |
| DAC Danaos Corp. | Add +19.6% | 0.66% | +0.19 |
| MPTI M-Tron Industries Inc. | Add +42.0% | 0.42% | +0.18 |
| TNC Tennant Co. | New | 0.17% | +0.17 |
| SR Spire Inc. | Add +201.0% | 0.21% | +0.15 |
| HQY Healthequity Inc. | Add +74.7% | 0.38% | +0.14 |
| SGHC Super Group SGHC Ltd. | Add +274.8% | 0.19% | +0.13 |
| VVV Valvoline Inc. | Add +31.5% | 0.39% | +0.13 |
| HUBB Hubbell Inc. | Add +1.4% | 1.43% | +0.13 |
| JXN Jackson Financial Inc. Class A | New | 0.12% | +0.12 |
| CMC Commercial Metals Co. | New | 0.12% | +0.12 |
| BTI British American Tob-SP ADR | Add +10.6% | 0.94% | +0.10 |
| BND Vanguard Total Bond Market | New | 0.10% | +0.10 |
| BOW Bowhead Specialty Holdings I | New | 0.09% | +0.09 |
| TRS Trimas Corp. | Add +2.2% | 4.95% | +0.06 |
| VCSH Vanguard S/T Corp. Bond ETF | Add +16.6% | 0.45% | +0.05 |
| VCIT Vanguard Int-Term Corporate | Add +14.7% | 0.52% | +0.05 |
| JEF Jefferies Financial Group Inc. | Add +78.4% | 0.30% | +0.04 |
| IGSB iShares 1-5Y Inv Grade Corp. | Add +20.4% | 0.29% | +0.04 |
| VUSB Vanguard Ultra Short Bond Et | Add +11.6% | 0.50% | +0.04 |
| SHV iShares 0-1 Year Treasury Bo | Add +10.8% | 0.50% | +0.04 |
| ALSN Allison Transmission Holding | Add +4.2% | 0.19% | +0.03 |
| EEX Emerald Holding Inc. | Add +4.4% | 1.04% | +0.03 |
| NVT Nvent Electric PLC | Add +3.1% | 0.18% | +0.03 |
| CPRT Copart Inc. | Add +54.1% | 0.11% | +0.02 |
| ACIW Aci Worldwide Inc. | Add +59.2% | 0.08% | +0.02 |
| SNX TD Synnex Corp. | Add +7.8% | 0.12% | +0.02 |
| ABT Abbott Laboratories | Add +42.9% | 0.14% | +0.02 |
| RSP Invesco S&P 500 Equal Weight | Add +5.8% | 0.39% | +0.01 |
| FUL H.B. Fuller Co. | Add +11.8% | 0.09% | +0.01 |
| AMPH Amphastar Pharmaceuticals Inc. | Add +67.1% | 0.06% | +0.01 |
| SDY SS SPDR S&P Dividend ETF | Add +24.1% | 0.04% | +0.01 |
| IVZ Invesco Ltd. | Add +14.6% | 0.15% | +0.01 |
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 |