Foundry Partners, LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 5, 2025), Foundry Partners, LLC reported 259 stock positions worth $1.9 billion. Its top holding was JPMorgan Chase (JPM) at 2.4% of the portfolio, followed by Verizon Communications (VZ, 2.1%) and Duke Energy (DUK, 2.1%). Compared with Q4 2024, it opened 17 new positions, sold out of 27, added to 114 and reduced 126. The biggest buy was a new position in US Bancorp (USB) and the biggest sale an exit from Walt Disney (DIS).

Most Recent 13F
Q1 2025
Location
MINNEAPOLIS, MN
CIK
0001573913
Portfolio Value
$1.9B (Q1 2025)
SEC Filing
0001592613-25-000003 ↗ filed May 5, 2025

Holdings Value

0$500.0M$1.0B$1.5B$2.0B$2.5B Q1 2024: $1.9B Q1 2024 Q2 2024: $1.9B Q2 2024 Q3 2024: $2.0B Q3 2024 Q4 2024: $2.0B Q4 2024 Q1 2025: $1.9B $1.9B Q1 2025

Holdings 259 stocks · $1.9B
JPM JPMorgan Chase & Co. 2.42% 186,466 $45.7M Reduce -19.7%
VZ Verizon Communications Inc. 2.13% 887,684 $40.3M Reduce -5.5%
DUK Duke Energy Corp. 2.13% 329,922 $40.2M Add +20.3%
C Citigroup Inc. 1.79% 475,688 $33.8M Reduce -28.3%
SHEL Shell PLC-ADR 1.77% 456,454 $33.4M Reduce -8.5%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 1.60% 360,999 $30.3M Reduce -5.4%
HIG Hartford Insurance Group Inc. 1.59% 243,299 $30.1M Add +17.1%
SPG Simon Property Group Inc. 1.53% 173,571 $28.8M Add +4.4%
MO Altria Group Inc. 1.46% 458,533 $27.5M Reduce -5.3%
CMI Cummins Inc. 1.45% 87,375 $27.4M Add +16.4%
IBM Intl Business Machines Corp. filed as INTERNATIONAL BUSINESS MACHS 1.36% 103,066 $25.6M Reduce -14.2%
GS Goldman Sachs Group Inc. 1.34% 46,470 $25.4M Reduce -5.3%
PRU Prudential Financial Inc. 1.32% 223,738 $25.0M Reduce -20.7%
CAT Caterpillar Inc. 1.26% 71,897 $23.7M Reduce -16.3%
BMY Bristol-Myers Squibb Co. 1.24% 385,025 $23.5M Reduce -5.3%
EBAY eBay Inc. 1.24% 345,523 $23.4M Add +1.8%
URI United Rentals Inc. 1.23% 37,019 $23.2M Reduce -5.3%
KR Kroger Co. 1.22% 341,002 $23.1M Reduce -5.4%
MDT Medtronic PLC 1.21% 253,879 $22.8M Reduce -5.4%
CSCO Cisco Systems Inc. 1.18% 361,577 $22.3M Add +6.6%
USB US Bancorp 1.15% 514,985 $21.7M New
JNJ Johnson & Johnson 1.12% 127,724 $21.2M Reduce -5.3%
FOXA Fox Corp. Class A 1.09% 364,937 $20.7M Reduce -4.6%
ABBV Abbvie Inc. 1.08% 97,354 $20.4M Reduce -5.5%
AMP Ameriprise Financial Inc. 1.07% 41,911 $20.3M Reduce -5.6%
SYF Synchrony Financial 1.04% 372,585 $19.7M Add +10.3%
EOG EOG Resources Inc. 1.03% 151,212 $19.4M Add +28.0%
DRI Darden Restaurants Inc. 1.03% 93,293 $19.4M Add +12.2%
EMR Emerson Electric Co. 1.02% 175,239 $19.2M Reduce -5.6%
PFE Pfizer Inc. 1.00% 748,723 $19.0M Reduce -5.4%
DOC Healthpeak Properties Inc. 1.00% 934,894 $18.9M Add +37.8%
DAL Delta Air Lines Inc. 0.95% 411,681 $17.9M Reduce -23.9%
MOS The Mosaic Co. 0.94% 657,808 $17.8M Add +14.2%
CTRA Coterra Energy Inc. 0.94% 613,773 $17.7M Add +40.8%
DGX Quest Diagnostics Inc. 0.92% 102,473 $17.3M Reduce -5.4%
AES AES Corp. 0.89% 1,349,118 $16.8M Add +39.6%
BKR Baker Hughes Co. 0.87% 374,053 $16.4M Add +81.5%
ELV Elevance Health Inc. 0.85% 36,778 $16.0M Add +29.9%
RTX RTX Corp. 0.81% 115,007 $15.2M Add +14.2%
WPC WP Carey Inc. 0.78% 234,344 $14.8M Add +11.4%
CI The Cigna Group 0.78% 44,580 $14.7M Reduce -5.5%
TSN Tyson Foods Inc. Class A 0.71% 210,235 $13.4M Reduce -5.4%
CCEP Coca-Cola Europacific Partne 0.69% 150,340 $13.1M Reduce -19.4%
CASH Pathward Financial Inc. 0.68% 176,606 $12.9M Add +1.4%
HWC Hancock Whitney Corp. 0.67% 239,625 $12.6M Add +1.4%
PENG Penguin Solutions Inc. 0.63% 690,214 $12.0M Reduce -7.6%
NEM Newmont Corp. 0.63% 246,867 $11.9M Reduce -5.5%
GSL Global Ship Lease Inc. Class A 0.62% 511,215 $11.7M Add +1.5%
QCOM Qualcomm Inc. 0.60% 73,235 $11.2M Reduce -4.0%
CUZ Cousins Properties Inc. 0.59% 379,264 $11.2M Add +1.4%
IBOC International Bancshares CRP 0.58% 172,715 $10.9M Add +1.4%
SRE Sempra 0.57% 150,712 $10.8M Reduce -29.9%
JAZZ Jazz Pharmaceuticals PLC 0.57% 86,429 $10.7M Add +1597.3%
ENVA Enova International Inc. 0.55% 106,998 $10.3M Reduce -1.6%
NUE Nucor Corp. 0.54% 84,935 $10.2M New
CVLG Covenant Logistics Group Inc. 0.51% 434,073 $9.6M Add +0.4%
OFG Ofg Bancorp 0.51% 240,512 $9.6M Add +1.4%
AVA Avista Corp. 0.50% 225,503 $9.4M Reduce -30.2%
EFSC Enterprise Financial Service 0.50% 174,120 $9.4M Add +1.7%
PHIN Phinia Inc. 0.49% 216,488 $9.2M Add +1.4%
SNEX Stonex Group Inc. 0.48% 118,834 $9.1M Add +1.4%
UGI Ugi Corp. 0.47% 268,210 $8.9M Reduce -21.7%
AHCO Adapthealth Corp. 0.47% 815,036 $8.8M Add +1.4%
VRN Veren Inc. 0.46% 1,308,934 $8.7M Add +1.4%
CATY Cathay General Bancorp 0.44% 194,276 $8.4M Add +1.4%
POR Portland General Electric Co. 0.43% 182,249 $8.1M Reduce -1.4%
WSR Whitestone REIT 0.43% 557,312 $8.1M Reduce -0.2%
ORCL Oracle Corp. 0.42% 56,847 $7.9M Reduce -5.3%
NTAP Netapp Inc. 0.40% 85,140 $7.5M Reduce -21.4%
APLE Apple Hospitality REIT Inc. 0.39% 567,462 $7.3M Add +1.4%
NXRT Nexpoint Residential 0.38% 181,488 $7.2M Add +1.4%
AGM Federal Agric MTG Corp. Class C 0.37% 37,380 $7.0M Reduce -0.6%
HOV Hovnanian Enterprises-A 0.37% 66,520 $7.0M Add +1.4%
KMPR Kemper Corp. 0.37% 104,169 $7.0M Add +1.7%
HE Hawaiian Electric Inds 0.37% 630,589 $6.9M New
MTX Minerals Technologies Inc. 0.36% 108,102 $6.9M Add +6.5%
PK Park Hotels & Resorts Inc. 0.36% 641,808 $6.9M Add +1.6%
NBN Northeast Bank 0.36% 73,497 $6.7M Reduce -0.7%
HCSG Healthcare Services Group 0.35% 665,307 $6.7M Reduce -32.4%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.35% 240,186 $6.7M Reduce -0.7%
UTL Unitil Corp. 0.35% 115,875 $6.7M Add +23.7%
DNOW Dnow Inc. 0.35% 390,739 $6.7M Add +0.7%
BDC Belden Inc. 0.35% 65,967 $6.6M Add +1.4%
AVT Avnet Inc. 0.35% 136,522 $6.6M Add +1.4%
IMAX Imax Corp. 0.35% 249,120 $6.6M Reduce -0.6%
MUR Murphy Oil Corp. 0.35% 230,797 $6.6M Add +1.4%
SM SM Energy Co. 0.35% 218,150 $6.5M Add +11.4%
IBCP Independent Bank Corp. - Mich 0.35% 211,845 $6.5M Reduce -0.7%
PAAS Pan American Silver Corp. 0.34% 251,330 $6.5M Add +1.7%
KN Knowles Corp. 0.34% 424,017 $6.4M Add +1.4%
NWN Northwest Natural Holding Co. 0.34% 150,438 $6.4M Reduce -2.0%
PLGO Pelagos Insurance Capital LT filed as FIDELIS INSURANCE HOLDINGS L 0.34% 395,946 $6.4M Add +1.4%
RNG Ringcentral Inc. Class A 0.34% 258,054 $6.4M Add +1.4%
ABCB Ameris Bancorp 0.34% 110,911 $6.4M Add +53.5%
NWPX NWPX Infrastructure Inc. filed as NORTHWEST PIPE CO 0.33% 152,745 $6.3M Reduce -0.6%
DAKT Daktronics Inc. 0.33% 516,046 $6.3M Add +5.5%
BBSI Barrett Business SVCS Inc. 0.33% 151,600 $6.2M Reduce -0.6%
ENS Enersys 0.33% 67,374 $6.2M Add +41.0%
TPC Tutor Perini Corp. 0.32% 263,844 $6.1M Add +21.5%
CENX Century Aluminum Company 0.32% 327,421 $6.1M New

Show all 259 holdings

Portfolio Sells Q4 2024 → Q1 2025
DIS The Walt Disney Co. Sold out 0.00% −0.94
UHS Universal Health Services-B Reduce -94.0% 0.05% −0.70
PKG Packaging Corp. of America Sold out 0.00% −0.70
DAL Delta Air Lines Inc. Reduce -23.9% 0.95% −0.70
C Citigroup Inc. Reduce -28.3% 1.79% −0.56
AMAT Applied Materials Inc. Sold out 0.00% −0.51
LEN Lennar Corp. Class A Sold out 0.00% −0.50
ALV Autoliv Inc. Sold out 0.00% −0.46
SRE Sempra Reduce -29.9% 0.57% −0.38
JPM JPMorgan Chase & Co. Reduce -19.7% 2.42% −0.38
PRU Prudential Financial Inc. Reduce -20.7% 1.32% −0.36
CMCO Columbus McKinnon Corp. Sold out 0.00% −0.35
WTTR Select Water Solutions Inc. Sold out 0.00% −0.34
CAT Caterpillar Inc. Reduce -16.3% 1.26% −0.31
LGTY Logility Supply Chain Soluti Sold out 0.00% −0.28
HEES H&E Equipment Services Inc. Sold out 0.00% −0.25
PFC Premier Financial Corp. Sold out 0.00% −0.25
NTAP Netapp Inc. Reduce -21.4% 0.40% −0.24
HRI Herc Holdings Inc. Sold out 0.00% −0.22
HCSG Healthcare Services Group Reduce -32.4% 0.35% −0.22
HY Hyster-Yale Inc. Sold out 0.00% −0.20
ARTNA Artesian Resources Corp. Class A Reduce -79.6% 0.05% −0.19
CMRE Costamare Inc. Sold out 0.00% −0.18
URI United Rentals Inc. Reduce -5.3% 1.23% −0.16
SHOE Shoe Station Group Inc. Reduce -36.9% 0.12% −0.15
NHC National Healthcare Corp. Reduce -52.2% 0.11% −0.14
EMR Emerson Electric Co. Reduce -5.6% 1.02% −0.14
CMBT CMB Tech NV Sold out 0.00% −0.13
EVH Evolent Health Inc. Class A Sold out 0.00% −0.12
AMP Ameriprise Financial Inc. Reduce -5.6% 1.07% −0.11
COHU Cohu Inc. Reduce -0.6% 0.14% −0.10
AVNS Avanos Medical Inc. Sold out 0.00% −0.10
AVA Avista Corp. Reduce -30.2% 0.50% −0.10
PENG Penguin Solutions Inc. Reduce -7.6% 0.63% −0.09
ORCL Oracle Corp. Reduce -5.3% 0.42% −0.08
PSTL Postal Realty Trust Inc. Class A Reduce -38.2% 0.19% −0.08
BZH Beazer Homes USA Inc. Reduce -20.4% 0.12% −0.08
OGN Organon & Co. Reduce -26.4% 0.24% −0.07
GS Goldman Sachs Group Inc. Reduce -5.3% 1.34% −0.07
ALTG Alta Equipment Group Inc. Sold out 0.00% −0.07
LSEA Landsea Homes Corp. Reduce -19.3% 0.12% −0.07
ICHR Ichor Holdings Ltd. Reduce -0.1% 0.18% −0.06
MITK Mitek Systems Inc. Reduce -0.6% 0.22% −0.06
JOUT Johnson Outdoors Inc. Class A Reduce -25.1% 0.09% −0.06
AGI Alamos Gold Inc. Class A Reduce -46.5% 0.23% −0.05
PFE Pfizer Inc. Reduce -5.4% 1.00% −0.05
KE Kimball Electronics Inc. Reduce -14.0% 0.19% −0.05
SMP Standard Motor Prods Reduce -0.1% 0.27% −0.05
ARAY Accuray Inc. Reduce -17.8% 0.17% −0.05
RNGR Ranger Energy Services Class A Reduce -10.9% 0.28% −0.05

Portfolio Buys Q4 2024 → Q1 2025
USB US Bancorp New 1.15% +1.15
DUK Duke Energy Corp. Add +20.3% 2.13% +0.64
NUE Nucor Corp. New 0.54% +0.54
JAZZ Jazz Pharmaceuticals PLC Add +1597.3% 0.57% +0.54
HIG Hartford Insurance Group Inc. Add +17.1% 1.59% +0.45
BKR Baker Hughes Co. Add +81.5% 0.87% +0.45
CTRA Coterra Energy Inc. Add +40.8% 0.94% +0.38
HE Hawaiian Electric Inds New 0.37% +0.37
CENX Century Aluminum Company New 0.32% +0.32
ELV Elevance Health Inc. Add +29.9% 0.85% +0.32
DOC Healthpeak Properties Inc. Add +37.8% 1.00% +0.31
EOG EOG Resources Inc. Add +28.0% 1.03% +0.30
VRNT Verint Systems Inc. New 0.29% +0.29
AES AES Corp. Add +39.6% 0.89% +0.26
SNCY Sun Country Airlines Holding New 0.26% +0.26
DRI Darden Restaurants Inc. Add +12.2% 1.03% +0.25
MOS The Mosaic Co. Add +14.2% 0.94% +0.23
RTX RTX Corp. Add +14.2% 0.81% +0.22
ZEUS Olympic Steel Inc. New 0.22% +0.22
NGD New Gold Inc. New 0.21% +0.21
WPC WP Carey Inc. Add +11.4% 0.78% +0.21
LIVN Livanova PLC New 0.20% +0.20
WT Wisdomtree Inc. Add +993.4% 0.21% +0.19
EBAY eBay Inc. Add +1.8% 1.24% +0.18
CSCO Cisco Systems Inc. Add +6.6% 1.18% +0.17
CMI Cummins Inc. Add +16.4% 1.45% +0.13
WS Worthington Steel Inc. Add +110.2% 0.29% +0.13
VRN Veren Inc. Add +1.4% 0.46% +0.13
CLSK Cleanspark Inc. New 0.12% +0.12
CFFN Capitol Federal Financial Inc. Add +114.3% 0.22% +0.12
BBW Build-A-Bear Workshop Inc. Add +138.1% 0.23% +0.12
ABCB Ameris Bancorp Add +53.5% 0.34% +0.11
SBH Sally Beauty Holdings Inc. Add +1021.6% 0.12% +0.11
ENS Enersys Add +41.0% 0.33% +0.10
DNOW Dnow Inc. Add +0.7% 0.35% +0.10
UTL Unitil Corp. Add +23.7% 0.35% +0.10
SNEX Stonex Group Inc. Add +1.4% 0.48% +0.10
PAAS Pan American Silver Corp. Add +1.7% 0.34% +0.09
SPG Simon Property Group Inc. Add +4.4% 1.53% +0.09
AHCO Adapthealth Corp. Add +1.4% 0.47% +0.08
KELYA Kelly Services Inc. Class A Add +35.3% 0.26% +0.07
GSL Global Ship Lease Inc. Class A Add +1.5% 0.62% +0.07
TPC Tutor Perini Corp. Add +21.5% 0.32% +0.06
CASH Pathward Financial Inc. Add +1.4% 0.68% +0.04
IBOC International Bancshares CRP Add +1.4% 0.58% +0.04
CCK Crown Holdings Inc. New 0.03% +0.03
ABX Abacus Global Management Inc. Add +10.5% 0.30% +0.03
OSPN Onespan Inc. New 0.03% +0.03
EEFT Euronet Worldwide Inc. Add +1.4% 0.30% +0.03
FLR Fluor Corp. New 0.03% +0.03

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2025 259$1.9BJPM, VZ, DUK, C, SHEL
Q4 2024 269$2.0BJPM, C, VZ, PRU, DAL
Q3 2024 284$2.0BJPM, C, VZ, DAL, PRU
Q2 2024 283$1.9BJPM, C, SHEL, VZ, PRU
Q1 2024 293$1.9BJPM, PRU, C, AMP, VZ