Expect Equity LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Expect Equity LLC reported 47 stock positions worth $88.9 million. Its top holding was Cousins Properties (CUZ) at 4.0% of the portfolio, followed by Columbia Banking System (COLB, 3.6%) and Vse (VSEC, 3.2%). Compared with Q4 2024, it opened 4 new positions, sold out of 2, added to 10 and reduced 17. The biggest buy was a new position in Caci International Class A (CACI) and the biggest sale MKS (MKSI, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- Pikesville, MD
- CIK
- 0002007407
- Portfolio Value
- $88.9M (Q1 2025)
- SEC Filing
- 0000919574-25-003125 ↗ filed May 15, 2025
Holdings Value
Holdings 47 stocks · $88.9M
| CUZ Cousins Properties Inc. | 4.00% | 120,331 | $3.5M | Reduce -4.8% |
| COLB Columbia Banking System Inc. | 3.57% | 127,065 | $3.2M | Reduce -10.9% |
| VSEC Vse Corp. | 3.17% | 23,485 | $2.8M | Reduce -1.3% |
| FHN First Horizon Corp. | 3.14% | 143,586 | $2.8M | Reduce -13.0% |
| HAS Hasbro Inc. | 3.12% | 45,085 | $2.8M | Reduce -22.3% |
| FLS Flowserve Corp. | 3.12% | 56,719 | $2.8M | Reduce -11.3% |
| WNS WNS Holdings Ltd. filed as WNS HLDGS LTD | 2.96% | 42,780 | $2.6M | Reduce -17.5% |
| LNTH Lantheus Holdings Inc. | 2.92% | 26,624 | $2.6M | Add +6.8% |
| CNM Core & Main Inc. Class A | 2.91% | 53,500 | $2.6M | No change |
| OSK Oshkosh Corp. | 2.90% | 27,345 | $2.6M | Reduce -7.1% |
| BELFB Bel Fuse Inc. Class B | 2.80% | 33,211 | $2.5M | Add +6.8% |
| CECO Ceco Environmental Corp. | 2.77% | 108,055 | $2.5M | No change |
| TTMI TTM Technologies | 2.70% | 117,146 | $2.4M | Reduce -10.3% |
| MKSI MKS Inc. filed as MKS INSTRS INC | 2.67% | 29,610 | $2.4M | Reduce -9.7% |
| LYTS Lsi Industries Inc. | 2.62% | 136,854 | $2.3M | Add +11.2% |
| LMB Limbach Holdings Inc. | 2.58% | 30,813 | $2.3M | Add +24.9% |
| LW Lamb Weston Holdings Inc. | 2.58% | 42,940 | $2.3M | No change |
| CMC Commercial Metals Co. | 2.57% | 49,545 | $2.3M | No change |
| OPCH Option Care Health Inc. | 2.56% | 65,161 | $2.3M | Reduce -14.6% |
| NOMD Nomad Foods Ltd. | 2.55% | 115,260 | $2.3M | No change |
| THG Hanover Insurance Group Inc./ | 2.49% | 12,698 | $2.2M | Reduce -10.4% |
| KMPR Kemper Corp. | 2.41% | 32,010 | $2.1M | Add +14.7% |
| IART Integra Lifesciences Holding | 2.28% | 92,105 | $2.0M | No change |
| ROCK Gibraltar Industries Inc. | 2.13% | 32,242 | $1.9M | No change |
| MOD Modine Manufacturing Co. | 2.12% | 24,485 | $1.9M | Add +19.7% |
| LAKE Lakeland Industries Inc. | 2.10% | 91,952 | $1.9M | Add +29.9% |
| MAMA Mama's Creations Inc. | 2.08% | 283,224 | $1.8M | Add +49.8% |
| NOG Northern Oil and Gas Inc. | 2.07% | 60,830 | $1.8M | Reduce -11.2% |
| BRKR Bruker Corp. | 2.01% | 42,880 | $1.8M | No change |
| VYX NCR Voyix Corp. | 1.82% | 165,509 | $1.6M | No change |
| CACI Caci International Inc. Class A | 1.76% | 4,258 | $1.6M | New |
| CRI Carter's Inc. | 1.67% | 36,260 | $1.5M | No change |
| CIVI Civitas Resources Inc. | 1.64% | 41,780 | $1.5M | No change |
| CHEF The Chefs' Warehouse Inc. | 1.55% | 25,218 | $1.4M | Reduce -13.1% |
| EPAC Enerpac Tool Group Corp. | 1.48% | 29,398 | $1.3M | Reduce -3.3% |
| BV Brightview Holdings Inc. | 1.40% | 97,153 | $1.2M | Add +8.9% |
| VMD Viemed Healthcare Inc. | 1.40% | 170,666 | $1.2M | No change |
| HI Hillenbrand Inc. | 1.33% | 48,815 | $1.2M | No change |
| HAE Haemonetics Corp. | 1.30% | 18,200 | $1.2M | Add +29.1% |
| CON Concentra Group Holdings Par | 1.30% | 53,090 | $1.2M | New |
| GVA Granite Construction Inc. | 0.90% | 10,644 | $803K | No change |
| SYNA Synaptics Inc. | 0.83% | 11,538 | $735K | No change |
| MEC Mayville Engineering Co. Inc. | 0.82% | 54,574 | $733K | Reduce -27.0% |
| HAIN Hain Celestial Group Inc. | 0.81% | 172,434 | $716K | No change |
| CTLP Cantaloupe Inc. | 0.80% | 90,386 | $711K | New |
| RDNT Radnet Inc. | 0.66% | 11,832 | $588K | New |
| ARIS WATER SOLUTIONS INC-A | 0.66% | 18,283 | $586K | Reduce -50.7% |
Portfolio Sells Q4 2024 → Q1 2025
| MKSI MKS Inc. | Reduce -9.7% | 2.67% | −0.91 |
| FLS Flowserve Corp. | Reduce -11.3% | 3.12% | −0.73 |
| MMS Maximus Inc. | Sold out | 0.00% | −0.71 |
| TTMI TTM Technologies | Reduce -10.3% | 2.70% | −0.68 |
| NOG Northern Oil and Gas Inc. | Reduce -11.2% | 2.07% | −0.59 |
| COLB Columbia Banking System Inc. | Reduce -10.9% | 3.57% | −0.46 |
| ICFI Icf International Inc. | Sold out | 0.00% | −0.45 |
| MEC Mayville Engineering Co. Inc. | Reduce -27.0% | 0.82% | −0.41 |
| FHN First Horizon Corp. | Reduce -13.0% | 3.14% | −0.34 |
| HAS Hasbro Inc. | Reduce -22.3% | 3.12% | −0.28 |
| ARIS WATER SOLUTIONS INC-A | Reduce -50.7% | 0.66% | −0.27 |
| CUZ Cousins Properties Inc. | Reduce -4.8% | 4.00% | −0.06 |
| OSK Oshkosh Corp. | Reduce -7.1% | 2.90% | −0.03 |
| CHEF The Chefs' Warehouse Inc. | Reduce -13.1% | 1.55% | +0.05 |
| EPAC Enerpac Tool Group Corp. | Reduce -3.3% | 1.48% | +0.18 |
| THG Hanover Insurance Group Inc./ | Reduce -10.4% | 2.49% | +0.19 |
| WNS WNS Holdings Ltd. | Reduce -17.5% | 2.96% | +0.39 |
| OPCH Option Care Health Inc. | Reduce -14.6% | 2.56% | +0.71 |
| VSEC Vse Corp. | Reduce -1.3% | 3.17% | +0.80 |
Portfolio Buys Q4 2024 → Q1 2025
| CACI Caci International Inc. Class A | New | 1.76% | +1.76 |
| CON Concentra Group Holdings Par | New | 1.30% | +1.30 |
| CTLP Cantaloupe Inc. | New | 0.80% | +0.80 |
| RDNT Radnet Inc. | New | 0.66% | +0.66 |
| LNTH Lantheus Holdings Inc. | Add +6.8% | 2.92% | +0.59 |
| MAMA Mama's Creations Inc. | Add +49.8% | 2.08% | +0.50 |
| KMPR Kemper Corp. | Add +14.7% | 2.41% | +0.47 |
| LMB Limbach Holdings Inc. | Add +24.9% | 2.58% | +0.37 |
| LAKE Lakeland Industries Inc. | Add +29.9% | 2.10% | +0.21 |
| HAE Haemonetics Corp. | Add +29.1% | 1.30% | +0.15 |
| LYTS Lsi Industries Inc. | Add +11.2% | 2.62% | +0.12 |
| BELFB Bel Fuse Inc. Class B | Add +6.8% | 2.80% | +0.11 |
| BV Brightview Holdings Inc. | Add +8.9% | 1.40% | −0.09 |
| MOD Modine Manufacturing Co. | Add +19.7% | 2.12% | −0.37 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 65 | $155.4M | MKSI, COLB, ATI, CUZ, BRKR |
| Q1 2026Amended | 62 | $128.6M | MKSI, COLB, FHN, ATI, CACI |
| Q4 2025Amended | 58 | $121.4M | FHN, COLB, MKSI, FLS, ATI |
| Q3 2025 | 49 | $102.4M | MKSI, CECO, COLB, CUZ, FHN |
| Q2 2025 | 47 | $93.7M | CUZ, HAS, BELFB, MKSI, OSK |
| Q1 2025 | 47 | $88.9M | CUZ, COLB, VSEC, FHN, HAS |
| Q4 2024 | 45 | $95.5M | CUZ, COLB, FLS, MKSI, FHN |