Fuller & Thaler Asset Management, Inc.
In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Fuller & Thaler Asset Management, Inc. reported 600 stock positions worth $26.4 billion. Its top holding was Keycorp (KEY) at 1.8% of the portfolio, followed by Citizens Financial (CFG, 1.6%) and Graphic Packaging (GPK, 1.5%). Compared with Q3 2024, it opened 73 new positions, sold out of 39, added to 242 and reduced 227. The biggest buy was a new position in LKQ (LKQ) and the biggest sale Cirrus Logic (CRUS, shares −21%).
- Most Recent 13F
- Q2 2026
- Location
- SAN MATEO, CA
- CIK
- 0001082327
- Portfolio Value
- $26.4B (Q4 2024)
- SEC Filing
- 0001082327-25-000003 ↗ filed Feb 14, 2025
Holdings Value
Holdings 600 stocks · $26.4B
| KEY Keycorp | 1.76% | 27,183,748 | $465.9M | Add +4.1% |
| CFG Citizens Financial Group | 1.60% | 9,683,111 | $423.7M | Add +20.9% |
| GPK Graphic Packaging Holding Co. | 1.50% | 14,600,941 | $396.6M | Add +5.7% |
| ONB Old National Bancorp | 1.46% | 17,726,325 | $384.7M | Reduce -1.2% |
| FNB FNB Corp. | 1.37% | 24,439,656 | $361.2M | Reduce -1.7% |
| DOC Healthpeak Properties Inc. | 1.33% | 17,267,917 | $350.0M | Add +10.6% |
| DVN Devon Energy Corp. | 1.29% | 10,395,225 | $340.2M | Add +42.8% |
| AYI Acuity Inc. | 1.24% | 1,120,979 | $327.5M | Add +0.8% |
| BERY Berry Global Group Inc. | 1.14% | 4,672,549 | $302.2M | Reduce -0.7% |
| EME Emcor Group Inc. | 1.14% | 664,222 | $301.5M | Reduce -10.4% |
| ALSN Allison Transmission Holding | 1.09% | 2,652,996 | $286.7M | Add +3.0% |
| FIX Comfort Systems USA Inc. | 1.04% | 648,465 | $275.0M | Reduce -16.1% |
| AWI Armstrong World Industries | 1.02% | 1,915,064 | $270.7M | Reduce -2.2% |
| AGCO Agco Corp. | 0.97% | 2,744,133 | $256.5M | Add +1.5% |
| EXEL Exelixis Inc. | 0.96% | 7,630,940 | $254.1M | Add +10.2% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.94% | 4,701,896 | $248.4M | Add +12.5% |
| SAIC Science Applications Inte | 0.93% | 2,186,547 | $244.4M | Add +27.0% |
| KMPR Kemper Corp. | 0.90% | 3,577,634 | $237.7M | Reduce -3.4% |
| STRL Sterling Infrastructure Inc. | 0.89% | 1,393,777 | $234.8M | Reduce -2.4% |
| WTM White Mountains Insurance GP | 0.84% | 114,077 | $221.9M | Reduce -6.7% |
| XRAY Dentsply Sirona Inc. | 0.83% | 11,539,418 | $219.0M | Add +2.8% |
| SR Spire Inc. | 0.83% | 3,223,155 | $218.6M | Reduce -3.8% |
| ICUI Icu Medical Inc. | 0.82% | 1,394,678 | $216.4M | Reduce -1.3% |
| MUSA Murphy USA Inc. | 0.80% | 419,397 | $210.4M | Reduce -6.4% |
| FCNCA First Citizens Bcshs Class A | 0.77% | 96,604 | $204.1M | Reduce -3.0% |
| UGI Ugi Corp. | 0.76% | 7,099,957 | $200.4M | Reduce -0.2% |
| EXP Eagle Materials Inc. | 0.73% | 779,937 | $192.5M | Reduce -0.2% |
| GVA Granite Construction Inc. | 0.73% | 2,193,576 | $192.4M | Reduce -7.1% |
| EVR Evercore Inc. Class A | 0.73% | 692,503 | $192.0M | Reduce -5.5% |
| AXTA Axalta Coating Systems Ltd. | 0.72% | 5,587,090 | $191.2M | Add +54.9% |
| TXNM TXNM Energy Inc. | 0.72% | 3,847,266 | $189.2M | Reduce -20.1% |
| UTHR United Therapeutics Corp. | 0.71% | 532,914 | $188.0M | Reduce -6.2% |
| RRC Range Resources Corp. | 0.69% | 5,057,280 | $182.0M | Add +71.3% |
| CMC Commercial Metals Co. | 0.68% | 3,621,983 | $179.7M | Reduce -12.6% |
| ENSG The Ensign Group Inc. | 0.68% | 1,350,432 | $179.4M | Reduce -0.5% |
| REZI Resideo Technologies Inc. | 0.66% | 7,513,114 | $173.2M | Reduce -1.1% |
| POR Portland General Electric Co. | 0.65% | 3,959,660 | $172.7M | Add +19.1% |
| BCO The Brink's Co. | 0.63% | 1,797,661 | $166.8M | Reduce -0.1% |
| MTCH Match Group Inc. | 0.63% | 5,066,321 | $165.7M | Add +10.7% |
| LKQ LKQ Corp. | 0.63% | 4,504,708 | $165.5M | New |
| TMHC Taylor Morrison Home Corp. | 0.62% | 2,675,972 | $163.8M | Reduce -0.8% |
| AAP Advance Auto Parts Inc. | 0.62% | 3,449,554 | $163.1M | Add +11.2% |
| CE Celanese Corp. | 0.61% | 2,344,661 | $162.3M | Add +4506.7% |
| CNO Cno Financial Group Inc. | 0.60% | 4,285,783 | $159.5M | Add +3.1% |
| CRUS Cirrus Logic Inc. | 0.60% | 1,586,341 | $158.0M | Reduce -21.0% |
| MMSI Merit Medical Systems Inc. | 0.60% | 1,633,246 | $158.0M | Add +2.3% |
| AXS Axis Capital Holdings Ltd. | 0.59% | 1,749,627 | $155.1M | Add +6.8% |
| OLN Olin Corp. | 0.58% | 4,543,844 | $153.6M | Add +11.5% |
| FHB First Hawaiian Inc. | 0.57% | 5,808,862 | $150.7M | Reduce -0.6% |
| AIT Applied Industrial Tech Inc. | 0.57% | 627,958 | $150.4M | Reduce -6.5% |
| SMPL The Simply Good Foods Co. | 0.56% | 3,811,128 | $148.6M | Add +10.6% |
| ST Sensata Technologies Holdplc | 0.55% | 5,260,870 | $144.1M | Add +96.8% |
| CROX Crocs Inc. | 0.54% | 1,308,402 | $143.3M | Add +49.0% |
| WTFC Wintrust Financial Corp. | 0.54% | 1,133,364 | $141.3M | Reduce -0.7% |
| PTEN Patterson-Uti Energy Inc. | 0.53% | 16,954,738 | $140.0M | Add +89.1% |
| SF Stifel Financial Corp. | 0.52% | 1,301,801 | $138.1M | Reduce -26.3% |
| KRG Kite Realty Group Trust | 0.51% | 5,379,090 | $135.8M | Reduce -0.6% |
| MLI Mueller Industries Inc. | 0.51% | 1,708,209 | $135.6M | Reduce -26.9% |
| LRN Stride Inc. | 0.51% | 1,286,218 | $133.7M | Reduce -27.5% |
| ITGR Integer Holdings Corp. | 0.49% | 977,172 | $129.5M | Reduce -0.4% |
| CNXC Concentrix Corp. | 0.49% | 2,981,227 | $129.0M | Add +38.1% |
| PRMB Primo Brands Corp. | 0.49% | 4,191,809 | $129.0M | Reduce -44.3% |
| EHC Encompass Health Corp. | 0.48% | 1,378,077 | $127.3M | Add +24.8% |
| HI Hillenbrand Inc. | 0.48% | 4,116,444 | $126.7M | Add +10.4% |
| VRT Vertiv Holdings Co. Class A | 0.48% | 1,107,653 | $125.8M | Reduce -16.9% |
| VAC Marriott Vacations World | 0.47% | 1,378,561 | $123.8M | Add +5.8% |
| VNT Vontier Corp. | 0.46% | 3,323,491 | $121.2M | Add +5.5% |
| WAFD Wafd Inc. | 0.45% | 3,696,480 | $119.2M | Add +1.1% |
| IDCC Interdigital Inc. | 0.45% | 612,851 | $118.7M | Add +3.6% |
| IBP Installed Building Products | 0.45% | 674,141 | $118.1M | Reduce -2.7% |
| CADE Cadence Bank | 0.45% | 3,425,962 | $118.0M | Reduce -0.8% |
| JAZZ Jazz Pharmaceuticals PLC | 0.44% | 939,351 | $115.7M | Add +117.4% |
| FTDR Frontdoor Inc. | 0.43% | 2,067,575 | $113.0M | Add +6.3% |
| AXON Axon Enterprise Inc. | 0.42% | 188,157 | $111.8M | Add +7.5% |
| R Ryder System Inc. | 0.42% | 709,607 | $111.3M | Reduce -1.0% |
| BDC Belden Inc. | 0.42% | 985,884 | $111.0M | Reduce -0.1% |
| APLE Apple Hospitality REIT Inc. | 0.41% | 7,135,934 | $109.5M | Reduce -1.7% |
| DNB Dun & Bradstreet Holdings Inc. | 0.41% | 8,772,603 | $109.3M | Add +0.1% |
| DCI Donaldson Co. Inc. | 0.41% | 1,594,240 | $107.4M | Add +0.1% |
| CBT Cabot Corp. | 0.41% | 1,171,553 | $107.0M | Reduce -0.3% |
| SON Sonoco Products Co. | 0.39% | 2,102,190 | $102.7M | Reduce -1.2% |
| EXLS Exlservice Holdings Inc. | 0.39% | 2,311,556 | $102.6M | Reduce -0.9% |
| AMG Affiliated Managers Group | 0.39% | 554,109 | $102.5M | Reduce -0.7% |
| HBI Hanesbrands Inc. | 0.39% | 12,536,586 | $102.0M | Reduce -0.6% |
| HWC Hancock Whitney Corp. | 0.38% | 1,854,091 | $101.5M | Reduce -0.6% |
| TEX Terex Corp. | 0.38% | 2,150,673 | $99.4M | Add +94.8% |
| PSN Parsons Corp. | 0.37% | 1,069,175 | $98.6M | Add +5.2% |
| THG Hanover Insurance Group Inc./ | 0.37% | 625,527 | $96.7M | Add +0.7% |
| NXST Nexstar Media Group Inc. | 0.36% | 608,521 | $96.1M | Reduce -0.2% |
| JBTM JBT Marel Corp. filed as JOHN BEAN TECHNOLOGIES CORP | 0.36% | 751,809 | $95.6M | Reduce -0.2% |
| AGO Assured Guaranty Ltd. | 0.36% | 1,059,691 | $95.4M | Reduce -5.7% |
| SWX Southwest Gas Holdings Inc. | 0.36% | 1,344,737 | $95.1M | Reduce -6.2% |
| WFRD Weatherford International PL | 0.35% | 1,303,007 | $93.3M | Add +181.7% |
| MMS Maximus Inc. | 0.35% | 1,234,933 | $92.2M | Add +7.4% |
| TKR Timken Co. | 0.35% | 1,285,013 | $91.7M | Add +5.2% |
| VRNT Verint Systems Inc. | 0.35% | 3,321,366 | $91.2M | Reduce -1.6% |
| FLO Flowers Foods Inc. | 0.34% | 4,381,444 | $90.5M | Add +28.3% |
| IART Integra Lifesciences Holding | 0.34% | 3,932,279 | $89.2M | Reduce -0.9% |
| HMN Horace Mann Educators | 0.34% | 2,263,693 | $88.8M | Reduce -7.7% |
| PEB Pebblebrook Hotel Trust | 0.34% | 6,546,420 | $88.7M | Reduce -1.0% |
Lines left out (5) · $17 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| HWM Howmet Aerospace Inc. | COM | 0 | $10 |
| LYV Live Nation Entertainment Inc. | COM | 0 | $2 |
| SPG Simon Property Group Inc. | COM | 0 | $2 |
| SNA Snap-on Inc. | COM | 0 | $2 |
| VISN Vistance Networks Inc. | COM | 0 | $1 |
Filed with a value but no share or principal amount (a cash line, a holding rounded to 0 shares), so they are kept out of the holdings, totals and percentages.
Total filed on the 13F, all lines: $26.4B.
Portfolio Sells Q3 2024 → Q4 2024
| CRUS Cirrus Logic Inc. | Reduce -21.0% | 0.60% | −0.38 |
| ZETA Zeta Global Holdings Corp. Class A | Reduce -99.6% | 0.00% | −0.30 |
| TMDX Transmedics Group Inc. | Sold out | 0.00% | −0.28 |
| CHRD Chord Energy Corp. | Reduce -45.3% | 0.25% | −0.28 |
| PRMB Primo Brands Corp. | Reduce -44.3% | 0.49% | −0.26 |
| WING Wingstop Inc. | Reduce -99.6% | 0.00% | −0.25 |
| AMN Amn Healthcare Services Inc. | Reduce -100.0% | 0.00% | −0.24 |
| MTH Meritage Homes Corp. | Reduce -99.8% | 0.00% | −0.23 |
| IBP Installed Building Products | Reduce -2.7% | 0.45% | −0.22 |
| CMC Commercial Metals Co. | Reduce -12.6% | 0.68% | −0.21 |
| ESGR Enstar Group Ltd. | Reduce -56.9% | 0.15% | −0.21 |
| VRNS Varonis Systems Inc. | Reduce -99.8% | 0.00% | −0.21 |
| OPCH Option Care Health Inc. | Reduce -18.5% | 0.28% | −0.20 |
| SMAR Smartsheet Inc. Class A | Reduce -99.5% | 0.00% | −0.19 |
| ICUI Icu Medical Inc. | Reduce -1.3% | 0.82% | −0.19 |
| AVAV Aerovironment Inc. | Reduce -99.9% | 0.00% | −0.19 |
| SIG Signet Jewelers Ltd. | Reduce -56.6% | 0.09% | −0.19 |
| BCO The Brink's Co. | Reduce -0.1% | 0.63% | −0.18 |
| SMG Scotts Miracle-Gro Co. | Sold out | 0.00% | −0.18 |
| KVYO Klaviyo Inc. Class A | Reduce -100.0% | 0.00% | −0.17 |
| MEDP Medpace Holdings Inc. | Reduce -55.9% | 0.13% | −0.17 |
| LNTH Lantheus Holdings Inc. | Reduce -99.7% | 0.00% | −0.17 |
| EVH Evolent Health Inc. Class A | Sold out | 0.00% | −0.17 |
| MLI Mueller Industries Inc. | Reduce -26.9% | 0.51% | −0.17 |
| SPB Spectrum Brands Holdings Inc. | Sold out | 0.00% | −0.16 |
| FYBR Frontier Communications Pare | Reduce -99.6% | 0.00% | −0.16 |
| NWE Northwestern Energy Group Inc. | Reduce -54.2% | 0.11% | −0.16 |
| AN Autonation Inc. | Reduce -57.4% | 0.10% | −0.16 |
| OLLI Ollie's Bargain Outlet Holdi | Reduce -99.6% | 0.00% | −0.15 |
| EXP Eagle Materials Inc. | Reduce -0.2% | 0.73% | −0.15 |
| JELD Jeld-Wen Holding Inc. | Reduce -1.8% | 0.15% | −0.15 |
| FIX Comfort Systems USA Inc. | Reduce -16.1% | 1.04% | −0.14 |
| SF Stifel Financial Corp. | Reduce -26.3% | 0.52% | −0.13 |
| TMHC Taylor Morrison Home Corp. | Reduce -0.8% | 0.62% | −0.12 |
| MATX Matson Inc. | Reduce -21.2% | 0.31% | −0.12 |
| EME Emcor Group Inc. | Reduce -10.4% | 1.14% | −0.11 |
| TXNM TXNM Energy Inc. | Reduce -20.1% | 0.72% | −0.11 |
| BERY Berry Global Group Inc. | Reduce -0.7% | 1.14% | −0.11 |
| DINO HF Sinclair Corp. | Reduce -1.2% | 0.33% | −0.11 |
| PDM Piedmont Realty Trust Inc. | Reduce -99.9% | 0.00% | −0.11 |
| CBT Cabot Corp. | Reduce -0.3% | 0.41% | −0.11 |
| EWBC East West Bancorp Inc. | Reduce -76.4% | 0.04% | −0.10 |
| BKH Black Hills Corp. | Reduce -19.5% | 0.29% | −0.10 |
| ACMR Acm Research Inc. Class A | Sold out | 0.00% | −0.10 |
| TNK Teekay Tankers Ltd. Class A | Reduce -1.5% | 0.18% | −0.10 |
| LRN Stride Inc. | Reduce -27.5% | 0.51% | −0.09 |
| UTHR United Therapeutics Corp. | Reduce -6.2% | 0.71% | −0.09 |
| ENSG The Ensign Group Inc. | Reduce -0.5% | 0.68% | −0.09 |
| JHG Janus Henderson Group PLC | Sold out | 0.00% | −0.08 |
| AMPH Amphastar Pharmaceuticals Inc. | Reduce -10.1% | 0.16% | −0.08 |
Portfolio Buys Q3 2024 → Q4 2024
| LKQ LKQ Corp. | New | 0.63% | +0.63 |
| CE Celanese Corp. | Add +4506.7% | 0.61% | +0.59 |
| RRC Range Resources Corp. | Add +71.3% | 0.69% | +0.33 |
| CFG Citizens Financial Group | Add +20.9% | 1.60% | +0.31 |
| PTEN Patterson-Uti Energy Inc. | Add +89.1% | 0.53% | +0.26 |
| EXEL Exelixis Inc. | Add +10.2% | 0.96% | +0.26 |
| ALAB Astera Labs Inc. | New | 0.26% | +0.26 |
| JAZZ Jazz Pharmaceuticals PLC | Add +117.4% | 0.44% | +0.25 |
| CFLT Confluent Inc. Class A | New | 0.24% | +0.24 |
| BE Bloom Energy Corp. Class A | New | 0.23% | +0.23 |
| EAT Brinker International Inc. | New | 0.23% | +0.23 |
| URBN Urban Outfitters Inc. | Add +183272.0% | 0.23% | +0.23 |
| CNMD Conmed Corp. | New | 0.22% | +0.22 |
| WAY Waystar Holding Corp. | New | 0.22% | +0.22 |
| AXTA Axalta Coating Systems Ltd. | Add +54.9% | 0.72% | +0.21 |
| BILL Bill Holdings Inc. | New | 0.21% | +0.21 |
| AMBA Ambarella Inc. | New | 0.20% | +0.20 |
| WFRD Weatherford International PL | Add +181.7% | 0.35% | +0.20 |
| FIVN FIVE9 Inc. | New | 0.19% | +0.19 |
| FRSH Freshworks Inc. Class A | New | 0.19% | +0.19 |
| ESTC Elastic NV | New | 0.17% | +0.17 |
| DVN Devon Energy Corp. | Add +42.8% | 1.29% | +0.17 |
| ST Sensata Technologies Holdplc | Add +96.8% | 0.55% | +0.17 |
| FIVE Five Below | New | 0.17% | +0.17 |
| GFF Griffon Corp. | Add +95382.7% | 0.17% | +0.17 |
| UPST Upstart Holdings Inc. | New | 0.17% | +0.17 |
| DORM Dorman Products Inc. | New | 0.16% | +0.16 |
| INGR Ingredion Inc. | Add +536.6% | 0.19% | +0.16 |
| BWA Borgwarner Inc. | Add +8137.5% | 0.16% | +0.15 |
| AXON Axon Enterprise Inc. | Add +7.5% | 0.42% | +0.15 |
| TEX Terex Corp. | Add +94.8% | 0.38% | +0.15 |
| AAP Advance Auto Parts Inc. | Add +11.2% | 0.62% | +0.14 |
| AIZ Assurant Inc. | New | 0.13% | +0.13 |
| VSXY Victoria's Secret & Co. | Add +8.4% | 0.32% | +0.13 |
| MAT Mattel Inc. | New | 0.13% | +0.13 |
| IDCC Interdigital Inc. | Add +3.6% | 0.45% | +0.12 |
| ALSN Allison Transmission Holding | Add +3.0% | 1.09% | +0.11 |
| PLXS Plexus Corp. | New | 0.09% | +0.09 |
| VAC Marriott Vacations World | Add +5.8% | 0.47% | +0.09 |
| SMPL The Simply Good Foods Co. | Add +10.6% | 0.56% | +0.09 |
| MAGN Magnera Corp. | New | 0.09% | +0.09 |
| BROS Dutch Bros Inc. Class A | Add +9.0% | 0.21% | +0.09 |
| VERX Vertex Inc. Class A | Add +8.8% | 0.27% | +0.08 |
| BBWI Bath & Body Works Inc. | Add +28.4% | 0.25% | +0.08 |
| INTA Intapp Inc. | Add +8.7% | 0.29% | +0.08 |
| AXS Axis Capital Holdings Ltd. | Add +6.8% | 0.59% | +0.08 |
| LITE Lumentum Holdings Inc. | Add +8.1% | 0.27% | +0.07 |
| MCRI Monarch Casino & Resort Inc. | New | 0.07% | +0.07 |
| HI Hillenbrand Inc. | Add +10.4% | 0.48% | +0.07 |
| SMTC Semtech Corp. | Add +8.3% | 0.24% | +0.07 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 504 | $36.7B | AMCR, DOC, EXEL, LITE, BE |
| Q1 2026 | 497 | $29.7B | AMCR, DOC, PRIM, LITE, ALSN |
| Q4 2025Amended | 498 | $29.6B | AMCR, DOC, PRIM, FNB, LITE |
| Q3 2025 | 494 | $29.4B | DOC, KEY, AMCR, PRIM, ONB |
| Q2 2025 | 603 | $27.4B | KEY, CFG, DOC, EXEL, GPK |
| Q1 2025 | 589 | $25.7B | KEY, CFG, ONB, GPK, DOC |
| Q4 2024 | 600 | $26.4B | KEY, CFG, GPK, ONB, FNB |
| Q3 2024 | 565 | $25.5B | KEY, GPK, DOC, FNB, ONB |
| Q2 2024 | 558 | $23.4B | CFG, KEY, FNB, GPK, EME |
| Q1 2024 | 542 | $22.9B | CFG, KEY, GPK, FNB, EME |