Applied Fundamental Research, LLC
In its 13F for Q3 2024 (holdings as of September 30, 2024, filed November 13, 2024), Applied Fundamental Research, LLC reported 12 stock positions worth $151.4 million. Its top holding was People (PPLI) at 13.2% of the portfolio, followed by Figs Class A (FIGS, 12.0%) and Nomad Foods (NOMD, 11.4%). Compared with Q2 2024, it sold out of 1, added to 3 and reduced 8. The biggest buy was N-Able (NABL, shares +439%) and the biggest sale Petiq (PETQ, shares −65%).
- Most Recent 13F
- Q2 2026
- Location
- CAMBRIDGE, MA
- CIK
- 0001849776
- Portfolio Value
- $151.4M (Q3 2024)
- SEC Filing
- 0001849776-24-000010 ↗ filed Nov 13, 2024
Holdings Value
Holdings 12 stocks · $151.4M
| PPLI People Inc. filed as IAC INC | 13.20% | 371,359 | $20.0M | Reduce -2.5% |
| FIGS Figs Inc. Class A | 11.96% | 2,648,281 | $18.1M | Add +6.1% |
| NOMD Nomad Foods Ltd. | 11.39% | 904,919 | $17.2M | Reduce -0.2% |
| HSII Heidrick & Struggles Intl | 11.20% | 436,398 | $17.0M | Reduce -1.0% |
| GLPI Gaming and Leisure Propertie | 11.17% | 328,710 | $16.9M | Add +0.7% |
| UFPT Ufp Technologies Inc. | 10.24% | 48,974 | $15.5M | Reduce -16.8% |
| NABL N-Able Inc. | 7.03% | 815,634 | $10.7M | Add +438.6% |
| DY Dycom Industries Inc. | 6.68% | 51,327 | $10.1M | Reduce -5.9% |
| JBI Janus International Group Inc. | 5.26% | 787,717 | $8.0M | Reduce -3.4% |
| PETQ Petiq Inc. | 4.45% | 219,076 | $6.7M | Reduce -64.9% |
| MTCH Match Group Inc. | 4.27% | 170,988 | $6.5M | Reduce -16.1% |
| UHAL U-Haul Holding Co. | 3.14% | 61,300 | $4.7M | No change |
Portfolio Sells Q2 2024 → Q3 2024
| PETQ Petiq Inc. | Reduce -64.9% | 4.45% | −5.67 |
| JBI Janus International Group Inc. | Reduce -3.4% | 5.26% | −2.32 |
| UFPT Ufp Technologies Inc. | Reduce -16.8% | 10.24% | −1.17 |
| MTCH Match Group Inc. | Reduce -16.1% | 4.27% | −0.28 |
| DY Dycom Industries Inc. | Reduce -5.9% | 6.68% | −0.09 |
| TTEC Ttec Holdings Inc. | Sold out | 0.00% | −0.08 |
| PPLI People Inc. | Reduce -2.5% | 13.20% | +0.07 |
| NOMD Nomad Foods Ltd. | Reduce -0.2% | 11.39% | +0.40 |
| HSII Heidrick & Struggles Intl | Reduce -1.0% | 11.20% | +0.96 |
Portfolio Buys Q2 2024 → Q3 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 |