Fuller & Thaler Asset Management, Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Fuller & Thaler Asset Management, Inc. reported 589 stock positions worth $25.7 billion. Its top holding was Keycorp (KEY) at 1.9% of the portfolio, followed by Citizens Financial (CFG, 1.7%) and Old National Bancorp (ONB, 1.5%). Compared with Q4 2024, it opened 50 new positions, sold out of 60, added to 265 and reduced 204. The biggest buy was Mattel (MAT, shares +247%) and the biggest sale Primo Brands (PRMB, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- SAN MATEO, CA
- CIK
- 0001082327
- Portfolio Value
- $25.7B (Q1 2025)
- SEC Filing
- 0001082327-25-000011 ↗ filed May 13, 2025
Holdings Value
Holdings 589 stocks · $25.7B
| KEY Keycorp | 1.89% | 30,511,720 | $487.9M | Add +12.2% |
| CFG Citizens Financial Group | 1.65% | 10,380,605 | $425.3M | Add +7.2% |
| ONB Old National Bancorp | 1.48% | 17,942,513 | $380.2M | Add +1.2% |
| GPK Graphic Packaging Holding Co. | 1.47% | 14,615,607 | $379.4M | Add +0.1% |
| DOC Healthpeak Properties Inc. | 1.44% | 18,397,841 | $372.0M | Add +6.5% |
| BERY Berry Global Group Inc. | 1.31% | 4,828,146 | $337.1M | Add +3.3% |
| FNB FNB Corp. | 1.27% | 24,297,349 | $326.8M | Reduce -0.6% |
| AYI Acuity Inc. | 1.17% | 1,139,857 | $300.2M | Add +1.7% |
| EXEL Exelixis Inc. | 1.12% | 7,795,074 | $287.8M | Add +2.1% |
| DVN Devon Energy Corp. | 1.10% | 7,602,820 | $284.3M | Reduce -26.9% |
| SAIC Science Applications Inte | 1.09% | 2,500,086 | $280.7M | Add +14.3% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.99% | 4,626,167 | $254.0M | Reduce -1.6% |
| AGCO Agco Corp. | 0.99% | 2,741,837 | $253.8M | Reduce -0.1% |
| ALSN Allison Transmission Holding | 0.98% | 2,630,338 | $251.6M | Reduce -0.8% |
| AXTA Axalta Coating Systems Ltd. | 0.93% | 7,250,351 | $240.5M | Add +29.8% |
| AWI Armstrong World Industries | 0.93% | 1,696,797 | $239.0M | Reduce -11.4% |
| KMPR Kemper Corp. | 0.92% | 3,551,155 | $237.4M | Reduce -0.7% |
| UGI Ugi Corp. | 0.87% | 6,805,953 | $225.1M | Reduce -4.1% |
| EME Emcor Group Inc. | 0.87% | 602,699 | $222.8M | Reduce -9.3% |
| POR Portland General Electric Co. | 0.84% | 4,864,352 | $217.0M | Add +22.9% |
| WTM White Mountains Insurance GP | 0.82% | 110,092 | $212.0M | Reduce -3.5% |
| FIX Comfort Systems USA Inc. | 0.81% | 645,434 | $208.0M | Reduce -0.5% |
| MUSA Murphy USA Inc. | 0.81% | 442,130 | $207.7M | Add +5.4% |
| LKQ LKQ Corp. | 0.78% | 4,692,421 | $199.6M | Add +4.2% |
| SR Spire Inc. | 0.75% | 2,457,227 | $192.3M | Reduce -23.8% |
| ICUI Icu Medical Inc. | 0.75% | 1,383,223 | $192.1M | Reduce -0.8% |
| CMC Commercial Metals Co. | 0.74% | 4,161,292 | $191.5M | Add +14.9% |
| MMSI Merit Medical Systems Inc. | 0.73% | 1,766,711 | $186.8M | Add +8.2% |
| XRAY Dentsply Sirona Inc. | 0.70% | 12,077,949 | $180.4M | Add +4.7% |
| CE Celanese Corp. | 0.70% | 3,164,150 | $179.6M | Add +35.0% |
| CNO Cno Financial Group Inc. | 0.69% | 4,252,064 | $177.1M | Reduce -0.8% |
| MTCH Match Group Inc. | 0.68% | 5,573,084 | $173.9M | Add +10.0% |
| AXS Axis Capital Holdings Ltd. | 0.67% | 1,726,545 | $173.1M | Reduce -1.3% |
| EXP Eagle Materials Inc. | 0.67% | 779,680 | $173.0M | Reduce -0.0% |
| ENSG The Ensign Group Inc. | 0.67% | 1,335,098 | $172.8M | Reduce -1.1% |
| STRL Sterling Infrastructure Inc. | 0.66% | 1,498,999 | $169.7M | Add +7.5% |
| JAZZ Jazz Pharmaceuticals PLC | 0.64% | 1,331,011 | $165.2M | Add +41.7% |
| TXNM TXNM Energy Inc. | 0.64% | 3,075,559 | $164.5M | Reduce -20.1% |
| GVA Granite Construction Inc. | 0.64% | 2,177,011 | $164.1M | Reduce -0.8% |
| FLO Flowers Foods Inc. | 0.62% | 8,392,872 | $159.5M | Add +91.5% |
| CRUS Cirrus Logic Inc. | 0.62% | 1,590,744 | $158.5M | Add +0.3% |
| THG Hanover Insurance Group Inc./ | 0.61% | 907,760 | $157.9M | Add +45.1% |
| EHC Encompass Health Corp. | 0.61% | 1,541,477 | $156.1M | Add +11.9% |
| FCNCA First Citizens Bcshs Class A | 0.60% | 83,965 | $155.7M | Reduce -13.1% |
| OLN Olin Corp. | 0.60% | 6,384,744 | $154.8M | Add +40.5% |
| BCO The Brink's Co. | 0.60% | 1,786,744 | $153.9M | Reduce -0.6% |
| UTHR United Therapeutics Corp. | 0.59% | 491,127 | $151.4M | Reduce -7.8% |
| OPCH Option Care Health Inc. | 0.57% | 4,204,481 | $146.9M | Add +30.8% |
| TMHC Taylor Morrison Home Corp. | 0.57% | 2,428,739 | $145.8M | Reduce -9.2% |
| LRN Stride Inc. | 0.56% | 1,148,794 | $145.3M | Reduce -10.7% |
| REZI Resideo Technologies Inc. | 0.56% | 8,196,828 | $145.1M | Add +9.1% |
| CROX Crocs Inc. | 0.56% | 1,362,318 | $144.7M | Add +4.1% |
| NXST Nexstar Media Group Inc. | 0.56% | 804,095 | $144.1M | Add +32.1% |
| AAP Advance Auto Parts Inc. | 0.54% | 3,552,475 | $139.3M | Add +3.0% |
| PTEN Patterson-Uti Energy Inc. | 0.54% | 16,915,483 | $139.0M | Reduce -0.2% |
| MWA Mueller Water Products Inc. Class A | 0.53% | 5,401,086 | $137.3M | Add +66.2% |
| EVR Evercore Inc. Class A | 0.53% | 685,544 | $136.9M | Reduce -1.0% |
| AIT Applied Industrial Tech Inc. | 0.53% | 604,101 | $136.1M | Reduce -3.8% |
| CNXC Concentrix Corp. | 0.53% | 2,443,862 | $136.0M | Reduce -18.0% |
| ST Sensata Technologies Holdplc | 0.52% | 5,479,997 | $133.0M | Add +4.2% |
| KRG Kite Realty Group Trust | 0.51% | 5,838,842 | $130.6M | Add +8.6% |
| MAT Mattel Inc. | 0.50% | 6,651,568 | $129.2M | Add +247.4% |
| FHB First Hawaiian Inc. | 0.50% | 5,287,303 | $129.2M | Reduce -9.0% |
| RRC Range Resources Corp. | 0.49% | 3,190,690 | $127.4M | Reduce -36.9% |
| AXON Axon Enterprise Inc. | 0.48% | 236,250 | $124.3M | Add +25.6% |
| SF Stifel Financial Corp. | 0.48% | 1,303,656 | $122.9M | Add +0.1% |
| MMS Maximus Inc. | 0.46% | 1,729,305 | $117.9M | Add +40.0% |
| VAC Marriott Vacations World | 0.45% | 1,822,687 | $117.1M | Add +32.2% |
| BBWI Bath & Body Works Inc. | 0.43% | 3,680,104 | $111.6M | Add +115.7% |
| VNT Vontier Corp. | 0.43% | 3,390,111 | $111.4M | Add +2.0% |
| CADE Cadence Bank | 0.43% | 3,619,544 | $109.9M | Add +5.7% |
| IBP Installed Building Products | 0.43% | 639,272 | $109.6M | Reduce -5.2% |
| HWC Hancock Whitney Corp. | 0.43% | 2,089,454 | $109.6M | Add +12.7% |
| EXLS Exlservice Holdings Inc. | 0.42% | 2,314,171 | $109.3M | Add +0.1% |
| SON Sonoco Products Co. | 0.42% | 2,308,939 | $109.1M | Add +9.8% |
| DCI Donaldson Co. Inc. | 0.42% | 1,598,281 | $107.2M | Add +0.3% |
| ZION Zions Bancorp NA | 0.41% | 2,133,336 | $106.4M | Add +57.5% |
| FTDR Frontdoor Inc. | 0.41% | 2,752,723 | $105.8M | Add +33.1% |
| WAFD Wafd Inc. | 0.41% | 3,672,980 | $105.0M | Reduce -0.6% |
| PRIM Primoris Services Corp. | 0.40% | 1,783,872 | $102.4M | Add +122.2% |
| R Ryder System Inc. | 0.40% | 710,500 | $102.2M | Add +0.1% |
| DOCS Doximity Inc. Class A | 0.39% | 1,730,282 | $100.4M | Add +9.5% |
| SMPL The Simply Good Foods Co. | 0.39% | 2,900,807 | $100.0M | Reduce -23.9% |
| IDCC Interdigital Inc. | 0.39% | 483,346 | $99.9M | Reduce -21.1% |
| HI Hillenbrand Inc. | 0.39% | 4,118,218 | $99.4M | Add +0.0% |
| TKR Timken Co. | 0.38% | 1,378,229 | $99.1M | Add +7.3% |
| CBT Cabot Corp. | 0.38% | 1,190,886 | $99.0M | Add +1.6% |
| BDC Belden Inc. | 0.38% | 987,081 | $99.0M | Add +0.1% |
| HMN Horace Mann Educators | 0.37% | 2,248,637 | $96.1M | Reduce -0.7% |
| WTFC Wintrust Financial Corp. | 0.37% | 844,968 | $95.0M | Reduce -25.4% |
| ITGR Integer Holdings Corp. | 0.36% | 794,274 | $93.7M | Reduce -18.7% |
| AMG Affiliated Managers Group | 0.36% | 555,231 | $93.3M | Add +0.2% |
| AGO Assured Guaranty Ltd. | 0.36% | 1,053,347 | $92.8M | Reduce -0.6% |
| G Genpact Ltd. | 0.36% | 1,839,358 | $92.7M | Reduce -1.2% |
| SWX Southwest Gas Holdings Inc. | 0.36% | 1,290,050 | $92.6M | Reduce -4.1% |
| APLE Apple Hospitality REIT Inc. | 0.35% | 7,068,139 | $91.2M | Reduce -0.9% |
| CRS Carpenter Technology | 0.35% | 503,335 | $91.2M | Add +29.4% |
| EAT Brinker International Inc. | 0.35% | 600,134 | $89.4M | Add +28.2% |
| TEX Terex Corp. | 0.34% | 2,338,868 | $88.4M | Add +8.8% |
| VRT Vertiv Holdings Co. Class A | 0.34% | 1,222,442 | $88.3M | Add +10.4% |
Lines left out (6) · $20 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| HWM Howmet Aerospace Inc. | COM | 0 | $12 |
| 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 |
| NWL Newell Brands 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: $25.7B.
Portfolio Sells Q4 2024 → Q1 2025
| PRMB Primo Brands Corp. | Reduce -99.9% | 0.00% | −0.49 |
| VSXY Victoria's Secret & Co. | Reduce -100.0% | 0.00% | −0.32 |
| MLI Mueller Industries Inc. | Reduce -60.1% | 0.20% | −0.31 |
| PEGA Pegasystems Inc. | Reduce -99.9% | 0.00% | −0.28 |
| EME Emcor Group Inc. | Reduce -9.3% | 0.87% | −0.28 |
| VERX Vertex Inc. Class A | Reduce -100.0% | 0.00% | −0.27 |
| ELF Elf Beauty Inc. | Reduce -99.9% | 0.00% | −0.27 |
| FRPT Freshpet Inc. | Reduce -99.8% | 0.00% | −0.24 |
| FIX Comfort Systems USA Inc. | Reduce -0.5% | 0.81% | −0.23 |
| FTAI Ftai Aviation Ltd. | Sold out | 0.00% | −0.22 |
| BILL Bill Holdings Inc. | Sold out | 0.00% | −0.21 |
| EVR Evercore Inc. Class A | Reduce -1.0% | 0.53% | −0.20 |
| RRC Range Resources Corp. | Reduce -36.9% | 0.49% | −0.19 |
| ANF Abercrombie & Fitch Co. Class A | Reduce -100.0% | 0.00% | −0.19 |
| DVN Devon Energy Corp. | Reduce -26.9% | 1.10% | −0.18 |
| HQY Healthequity Inc. | Reduce -99.8% | 0.00% | −0.18 |
| SMPL The Simply Good Foods Co. | Reduce -23.9% | 0.39% | −0.17 |
| APPF Appfolio Inc. Class A | Reduce -100.0% | 0.00% | −0.17 |
| FIVE Five Below | Reduce -100.0% | 0.00% | −0.17 |
| FCNCA First Citizens Bcshs Class A | Reduce -13.1% | 0.60% | −0.17 |
| NARI Inari Medical Inc. | Sold out | 0.00% | −0.17 |
| WTFC Wintrust Financial Corp. | Reduce -25.4% | 0.37% | −0.17 |
| INSP Inspire Medical Systems Inc. | Sold out | 0.00% | −0.16 |
| INGR Ingredion Inc. | Reduce -83.7% | 0.03% | −0.16 |
| FCN Fti Consulting Inc. | Reduce -99.8% | 0.00% | −0.15 |
| ESGR Enstar Group Ltd. | Reduce -99.9% | 0.00% | −0.15 |
| KEX Kirby Corp. | Sold out | 0.00% | −0.15 |
| PRGS Progress Software Corp. | Reduce -36.3% | 0.15% | −0.14 |
| TNET Trinet Group Inc. | Reduce -100.0% | 0.00% | −0.14 |
| DNB Dun & Bradstreet Holdings Inc. | Reduce -9.4% | 0.28% | −0.14 |
| PSN Parsons Corp. | Reduce -0.1% | 0.25% | −0.13 |
| ITGR Integer Holdings Corp. | Reduce -18.7% | 0.36% | −0.13 |
| UTHR United Therapeutics Corp. | Reduce -7.8% | 0.59% | −0.12 |
| BLKB Blackbaud Inc. | Reduce -42.1% | 0.12% | −0.12 |
| VRNT Verint Systems Inc. | Reduce -0.5% | 0.23% | −0.12 |
| CRI Carter's Inc. | Reduce -37.8% | 0.10% | −0.11 |
| LIVN Livanova PLC | Sold out | 0.00% | −0.11 |
| ALSN Allison Transmission Holding | Reduce -0.8% | 0.98% | −0.11 |
| HBI Hanesbrands Inc. | Reduce -0.7% | 0.28% | −0.11 |
| FNB FNB Corp. | Reduce -0.6% | 1.27% | −0.10 |
| AWI Armstrong World Industries | Reduce -11.4% | 0.93% | −0.10 |
| GVA Granite Construction Inc. | Reduce -0.8% | 0.64% | −0.09 |
| SIG Signet Jewelers Ltd. | Sold out | 0.00% | −0.09 |
| MDRX Veradigm Inc. | Sold out | 0.00% | −0.09 |
| PEB Pebblebrook Hotel Trust | Reduce -1.1% | 0.25% | −0.08 |
| SR Spire Inc. | Reduce -23.8% | 0.75% | −0.08 |
| TXNM TXNM Energy Inc. | Reduce -20.1% | 0.64% | −0.08 |
| BRKR Bruker Corp. | Reduce -99.6% | 0.00% | −0.07 |
| ICUI Icu Medical Inc. | Reduce -0.8% | 0.75% | −0.07 |
| INTA Intapp Inc. | Reduce -19.1% | 0.22% | −0.07 |
Portfolio Buys Q4 2024 → Q1 2025
| MAT Mattel Inc. | Add +247.4% | 0.50% | +0.37 |
| OPCH Option Care Health Inc. | Add +30.8% | 0.57% | +0.29 |
| FLO Flowers Foods Inc. | Add +91.5% | 0.62% | +0.28 |
| SIRI Sirius XM Holdings Inc. | Add +661.3% | 0.31% | +0.27 |
| MWA Mueller Water Products Inc. Class A | Add +66.2% | 0.53% | +0.26 |
| GNTX Gentex Corp. | Add +487.6% | 0.31% | +0.25 |
| THG Hanover Insurance Group Inc./ | Add +45.1% | 0.61% | +0.25 |
| CHE Chemed Corp. | Add +249.3% | 0.31% | +0.24 |
| KMX Carmax Inc. | Add +626.1% | 0.27% | +0.23 |
| BMRN Biomarin Pharmaceutical Inc. | New | 0.23% | +0.23 |
| OVV Ovintiv Inc. | New | 0.22% | +0.22 |
| CWAN Clearwater Analytics HDS-A | New | 0.22% | +0.22 |
| MOS The Mosaic Co. | New | 0.21% | +0.21 |
| OSK Oshkosh Corp. | New | 0.21% | +0.21 |
| IRTC Irhythm Holdings Inc. | New | 0.21% | +0.21 |
| AXTA Axalta Coating Systems Ltd. | Add +29.8% | 0.93% | +0.21 |
| JAZZ Jazz Pharmaceuticals PLC | Add +41.7% | 0.64% | +0.20 |
| GAP The Gap Inc. | Add +582964.6% | 0.20% | +0.20 |
| GTM Zoominfo Technologies Inc. | New | 0.20% | +0.20 |
| BRZE Braze Inc. Class A | New | 0.20% | +0.20 |
| NXST Nexstar Media Group Inc. | Add +32.1% | 0.56% | +0.20 |
| POR Portland General Electric Co. | Add +22.9% | 0.84% | +0.19 |
| MGM MGM Resorts International | New | 0.18% | +0.18 |
| BBWI Bath & Body Works Inc. | Add +115.7% | 0.43% | +0.18 |
| U Unity Software Inc. | New | 0.17% | +0.17 |
| PRIM Primoris Services Corp. | Add +122.2% | 0.40% | +0.17 |
| BERY Berry Global Group Inc. | Add +3.3% | 1.31% | +0.16 |
| SAIC Science Applications Inte | Add +14.3% | 1.09% | +0.16 |
| EXEL Exelixis Inc. | Add +2.1% | 1.12% | +0.16 |
| LKQ LKQ Corp. | Add +4.2% | 0.78% | +0.15 |
| RH RH | New | 0.14% | +0.14 |
| ZION Zions Bancorp NA | Add +57.5% | 0.41% | +0.13 |
| KEY Keycorp | Add +12.2% | 1.89% | +0.13 |
| MMSI Merit Medical Systems Inc. | Add +8.2% | 0.73% | +0.13 |
| LTH Life Time Group Holdings Inc. | Add +29.1% | 0.28% | +0.13 |
| EHC Encompass Health Corp. | Add +11.9% | 0.61% | +0.12 |
| ESE Esco Technologies Inc. | New | 0.12% | +0.12 |
| DOC Healthpeak Properties Inc. | Add +6.5% | 1.44% | +0.12 |
| HALO Halozyme Therapeutics Inc. | Add +27.3% | 0.28% | +0.12 |
| EAT Brinker International Inc. | Add +28.2% | 0.35% | +0.11 |
| BBT Beacon Financial Corp. | Add +166.4% | 0.19% | +0.11 |
| BROS Dutch Bros Inc. Class A | Add +25.9% | 0.32% | +0.11 |
| MMS Maximus Inc. | Add +40.0% | 0.46% | +0.11 |
| SFM Sprouts Farmers Market Inc. | Add +19.7% | 0.33% | +0.11 |
| CRS Carpenter Technology | Add +29.4% | 0.35% | +0.10 |
| CSGS CSG Systems Intl Inc. | Add +18.9% | 0.32% | +0.10 |
| AIZ Assurant Inc. | Add +73.3% | 0.23% | +0.10 |
| GFF Griffon Corp. | Add +52.3% | 0.26% | +0.10 |
| KTOS Kratos Defense & Security | Add +25.5% | 0.30% | +0.09 |
| CE Celanese Corp. | Add +35.0% | 0.70% | +0.08 |
Notes & Other Activity Q4 2024 → Q1 2025
| NWL Newell Brands Inc. | COM | Reduce -100.0% | 0 | $1 |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
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 |