Expect Equity LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed August 19, 2026), Expect Equity LLC reported 58 stock positions worth $121.4 million. Its top holding was First Horizon (FHN) at 3.4% of the portfolio, followed by Columbia Banking System (COLB, 3.3%) and MKS (MKSI, 3.2%). Compared with Q3 2025, it opened 14 new positions, sold out of 5, added to 17 and reduced 10. The biggest buy was a new position in Yum China (YUMC) and the biggest sale an exit from WNS (WNS).
- Most Recent 13F
- Q2 2026
- Location
- Pikesville, MD
- CIK
- 0002007407
- Portfolio Value
- $121.4M (Q4 2025)
- SEC Filing
- 0000919574-26-005616 ↗ filed Aug 19, 2026
Holdings Value
Holdings 58 stocks · $121.4M
| FHN First Horizon Corp. | 3.36% | 170,926 | $4.1M | Add +8.9% |
| COLB Columbia Banking System Inc. | 3.29% | 143,065 | $4.0M | No change |
| MKSI MKS Inc. | 3.16% | 24,015 | $3.8M | Reduce -23.7% |
| FLS Flowserve Corp. | 2.97% | 51,924 | $3.6M | Reduce -15.2% |
| ATI Ati Inc. | 2.69% | 28,410 | $3.3M | Add +85.1% |
| CUZ Cousins Properties Inc. | 2.62% | 123,351 | $3.2M | No change |
| CACI Caci International Inc. Class A | 2.61% | 5,948 | $3.2M | No change |
| OSK Oshkosh Corp. | 2.59% | 25,055 | $3.1M | No change |
| BELFB Bel Fuse Inc. Class B | 2.59% | 18,537 | $3.1M | Reduce -21.1% |
| VSEC Vse Corp. | 2.36% | 16,608 | $2.9M | Reduce -4.7% |
| CECO Ceco Environmental Corp. | 2.36% | 47,884 | $2.9M | Reduce -35.5% |
| COO The Cooper Cos Inc. | 2.34% | 34,620 | $2.8M | Add +29.0% |
| CMC Commercial Metals Co. | 2.25% | 39,510 | $2.7M | Add +13.3% |
| YUMC Yum China Holdings Inc. | 2.22% | 56,360 | $2.7M | New |
| BRKR Bruker Corp. | 2.18% | 56,130 | $2.6M | Add +7.0% |
| LYTS Lsi Industries Inc. | 2.17% | 143,604 | $2.6M | No change |
| MAMA Mama's Creations Inc. | 2.12% | 191,023 | $2.6M | Reduce -28.1% |
| ROCK Gibraltar Industries Inc. | 2.10% | 51,533 | $2.5M | Add +44.9% |
| HAE Haemonetics Corp. | 2.07% | 31,381 | $2.5M | Add +1.5% |
| CNM Core & Main Inc. Class A | 2.01% | 46,850 | $2.4M | No change |
| TSM Taiwan Semiconductor-SP ADR | 1.96% | 7,828 | $2.4M | New |
| CON Concentra Group Holdings Par | 1.93% | 118,830 | $2.3M | Add +12.2% |
| SARO Standardaero Inc. | 1.92% | 81,491 | $2.3M | Add +436.1% |
| OPCH Option Care Health Inc. | 1.86% | 70,861 | $2.3M | No change |
| LMB Limbach Holdings Inc. | 1.83% | 28,511 | $2.2M | Add +98.8% |
| NCLH Norwegian Cruise Line Holdin | 1.81% | 98,647 | $2.2M | New |
| MOD Modine Manufacturing Co. | 1.71% | 15,575 | $2.1M | Reduce -21.2% |
| VITL Vital Farms Inc. | 1.70% | 64,693 | $2.1M | New |
| LNTH Lantheus Holdings Inc. | 1.63% | 29,699 | $2.0M | Add +9.1% |
| EWBC East West Bancorp Inc. | 1.59% | 17,135 | $1.9M | New |
| KRC Kilroy Realty Corp. | 1.56% | 50,815 | $1.9M | New |
| LW Lamb Weston Holdings Inc. | 1.48% | 42,940 | $1.8M | No change |
| THG Hanover Insurance Group Inc./ | 1.46% | 9,704 | $1.8M | Reduce -12.9% |
| NOMD Nomad Foods Ltd. | 1.46% | 141,590 | $1.8M | No change |
| IOT Samsara Inc. Class A | 1.40% | 47,846 | $1.7M | New |
| VYX NCR Voyix Corp. | 1.39% | 165,509 | $1.7M | No change |
| ACNT Ascent Industries Co. | 1.38% | 103,489 | $1.7M | Add +3.0% |
| BEPC Brookfield Renewable Corp. | 1.37% | 43,276 | $1.7M | New |
| SLB SLB Ltd. filed as SLB LIMITED | 1.33% | 42,152 | $1.6M | New |
| AVY Avery Dennison Corp. | 1.33% | 8,880 | $1.6M | New |
| HAS Hasbro Inc. | 1.32% | 19,490 | $1.6M | Reduce -34.2% |
| SN Sharkninja Inc. | 1.26% | 13,720 | $1.5M | New |
| CIVI Civitas Resources Inc. | 1.23% | 55,080 | $1.5M | No change |
| CHEF The Chefs' Warehouse Inc. | 1.22% | 23,818 | $1.5M | No change |
| LAKE Lakeland Industries Inc. | 1.21% | 166,061 | $1.5M | Add +6.9% |
| TTMI TTM Technologies | 1.11% | 19,550 | $1.3M | Reduce -52.9% |
| RDNT Radnet Inc. | 1.08% | 18,332 | $1.3M | Add +4.0% |
| NOG Northern Oil and Gas Inc. | 1.08% | 60,830 | $1.3M | No change |
| VMD Viemed Healthcare Inc. | 1.06% | 173,970 | $1.3M | Add +59.6% |
| SYNA Synaptics Inc. | 1.06% | 17,352 | $1.3M | Add +15.3% |
| BV Brightview Holdings Inc. | 1.05% | 100,482 | $1.3M | No change |
| CTLP Cantaloupe Inc. | 1.03% | 117,739 | $1.3M | No change |
| GVA Granite Construction Inc. | 1.01% | 10,644 | $1.2M | No change |
| EPAC Enerpac Tool Group Corp. | 0.93% | 29,398 | $1.1M | No change |
| TIC Tic Solutions Inc. | 0.76% | 91,004 | $920K | Add +37.4% |
| ADNT Adient PLC | 0.57% | 36,041 | $691K | New |
| PCOR Procore Technologies Inc. | 0.49% | 8,236 | $599K | New |
| IGIC International General Insura filed as INTL GNRL INSURANCE HLDNGS L | 0.38% | 18,524 | $465K | New |
Portfolio Sells Q3 2025 → Q4 2025
| WNS WNS Holdings Ltd. | Sold out | 0.00% | −3.00 |
| KMPR Kemper Corp. | Sold out | 0.00% | −2.22 |
| CECO Ceco Environmental Corp. | Reduce -35.5% | 2.36% | −1.35 |
| HI Hillenbrand Inc. | Sold out | 0.00% | −1.29 |
| IART Integra Lifesciences Holding | Sold out | 0.00% | −1.29 |
| TTMI TTM Technologies | Reduce -52.9% | 1.11% | −1.23 |
| MOD Modine Manufacturing Co. | Reduce -21.2% | 1.71% | −1.03 |
| HAS Hasbro Inc. | Reduce -34.2% | 1.32% | −0.88 |
| MKSI MKS Inc. | Reduce -23.7% | 3.16% | −0.65 |
| BELFB Bel Fuse Inc. Class B | Reduce -21.1% | 2.59% | −0.65 |
| MAMA Mama's Creations Inc. | Reduce -28.1% | 2.12% | −0.60 |
| THG Hanover Insurance Group Inc./ | Reduce -12.9% | 1.46% | −0.52 |
| VSEC Vse Corp. | Reduce -4.7% | 2.36% | −0.47 |
| ARIS WATER SOLUTIONS INC-A | Sold out | 0.00% | −0.44 |
| FLS Flowserve Corp. | Reduce -15.2% | 2.97% | −0.21 |
Portfolio Buys Q3 2025 → Q4 2025
| YUMC Yum China Holdings Inc. | New | 2.22% | +2.22 |
| TSM Taiwan Semiconductor-SP ADR | New | 1.96% | +1.96 |
| NCLH Norwegian Cruise Line Holdin | New | 1.81% | +1.81 |
| VITL Vital Farms Inc. | New | 1.70% | +1.70 |
| EWBC East West Bancorp Inc. | New | 1.59% | +1.59 |
| KRC Kilroy Realty Corp. | New | 1.56% | +1.56 |
| SARO Standardaero Inc. | Add +436.1% | 1.92% | +1.52 |
| ATI Ati Inc. | Add +85.1% | 2.69% | +1.47 |
| IOT Samsara Inc. Class A | New | 1.40% | +1.40 |
| BEPC Brookfield Renewable Corp. | New | 1.37% | +1.37 |
| SLB SLB Ltd. | New | 1.33% | +1.33 |
| AVY Avery Dennison Corp. | New | 1.33% | +1.33 |
| SN Sharkninja Inc. | New | 1.26% | +1.26 |
| HAE Haemonetics Corp. | Add +1.5% | 2.07% | +0.60 |
| ADNT Adient PLC | New | 0.57% | +0.57 |
| COO The Cooper Cos Inc. | Add +29.0% | 2.34% | +0.54 |
| BRKR Bruker Corp. | Add +7.0% | 2.18% | +0.51 |
| PCOR Procore Technologies Inc. | New | 0.49% | +0.49 |
| LMB Limbach Holdings Inc. | Add +98.8% | 1.83% | +0.47 |
| IGIC International General Insura | New | 0.38% | +0.38 |
| VMD Viemed Healthcare Inc. | Add +59.6% | 1.06% | +0.34 |
| CMC Commercial Metals Co. | Add +13.3% | 2.25% | +0.30 |
| LNTH Lantheus Holdings Inc. | Add +9.1% | 1.63% | +0.26 |
| ACNT Ascent Industries Co. | Add +3.0% | 1.38% | +0.12 |
| SYNA Synaptics Inc. | Add +15.3% | 1.06% | +0.05 |
| ROCK Gibraltar Industries Inc. | Add +44.9% | 2.10% | −0.08 |
| FHN First Horizon Corp. | Add +8.9% | 3.36% | −0.10 |
| TIC Tic Solutions Inc. | Add +37.4% | 0.76% | −0.10 |
| RDNT Radnet Inc. | Add +4.0% | 1.08% | −0.24 |
| CON Concentra Group Holdings Par | Add +12.2% | 1.93% | −0.24 |
| LAKE Lakeland Industries Inc. | Add +6.9% | 1.21% | −1.04 |
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 |