Applied Fundamental Research, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 2, 2024), Applied Fundamental Research, LLC reported 11 stock positions worth $135.0 million. Its top holding was People (PPLI) at 15.4% of the portfolio, followed by Ufp Technologies (UFPT, 12.4%) and Nomad Foods (NOMD, 12.2%). Compared with Q4 2023, it added to 4 and reduced 7. The biggest buy was Nomad Foods (NOMD, shares +6%) and the biggest sale Ttec (TTEC, shares −70%).
- Most Recent 13F
- Q2 2026
- Location
- CAMBRIDGE, MA
- CIK
- 0001849776
- Portfolio Value
- $135.0M (Q1 2024)
- SEC Filing
- 0001849776-24-000004 ↗ filed May 2, 2024
Holdings Value
Holdings 11 stocks · $135.0M
| PPLI People Inc. filed as IAC INC | 15.43% | 390,554 | $20.8M | Reduce -1.1% |
| UFPT Ufp Technologies Inc. | 12.41% | 66,472 | $16.8M | Reduce -0.4% |
| NOMD Nomad Foods Ltd. | 12.22% | 843,305 | $16.5M | Add +6.0% |
| HSII Heidrick & Struggles Intl | 10.98% | 440,670 | $14.8M | Reduce -3.9% |
| GLPI Gaming and Leisure Propertie | 10.64% | 311,885 | $14.4M | Add +7.0% |
| FIGS Figs Inc. Class A | 9.20% | 2,495,381 | $12.4M | Add +25.8% |
| DY Dycom Industries Inc. | 9.06% | 85,265 | $12.2M | Reduce -28.2% |
| PETQ Petiq Inc. | 8.58% | 633,530 | $11.6M | Reduce -3.2% |
| MTCH Match Group Inc. | 7.68% | 285,804 | $10.4M | Add +1.0% |
| UHAL U-Haul Holding Co. | 2.71% | 54,279 | $3.7M | Reduce -2.3% |
| TTEC Ttec Holdings Inc. filed as TTEC HLDGS INC | 1.08% | 141,168 | $1.5M | Reduce -70.3% |
Portfolio Sells Q4 2023 → Q1 2024
| TTEC Ttec Holdings Inc. | Reduce -70.3% | 1.08% | −6.36 |
| DY Dycom Industries Inc. | Reduce -28.2% | 9.06% | −0.80 |
| PETQ Petiq Inc. | Reduce -3.2% | 8.58% | −0.75 |
| UHAL U-Haul Holding Co. | Reduce -2.3% | 2.71% | −0.16 |
| PPLI People Inc. | Reduce -1.1% | 15.43% | +0.50 |
| HSII Heidrick & Struggles Intl | Reduce -3.9% | 10.98% | +1.22 |
| UFPT Ufp Technologies Inc. | Reduce -0.4% | 12.41% | +4.13 |
Portfolio Buys Q4 2023 → Q1 2024
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 10 | $84.5M | DY, UFPT, HEI.A, ALGN, PPLI |
| Q1 2026 | 10 | $75.8M | PPLI, DY, ALGN, UFPT, HEI.A |
| Q4 2025 | 10 | $100.7M | PPLI, DY, UFPT, FIGS, UHAL.B |
| Q3 2025 | 10 | $102.9M | DY, PPLI, GLPI, UHAL.B, UFPT |
| Q2 2025 | 11 | $112.8M | PPLI, DY, NOMD, GLPI, UFPT |
| Q1 2025 | 12 | $119.3M | PPLI, NOMD, GLPI, HSII, DY |
| Q4 2024 | 12 | $127.8M | PPLI, GLPI, NOMD, FIGS, HSII |
| Q3 2024 | 12 | $151.4M | PPLI, FIGS, NOMD, HSII, GLPI |
| Q2 2024 | 13 | $136.0M | PPLI, UFPT, NOMD, GLPI, HSII |
| Q1 2024Amended | 11 | $135.0M | PPLI, UFPT, NOMD, HSII, GLPI |