Fuller & Thaler Asset Management, Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Fuller & Thaler Asset Management, Inc. reported 603 stock positions worth $27.4 billion. Its top holding was Keycorp (KEY) at 2.1% of the portfolio, followed by Citizens Financial (CFG, 1.8%) and Healthpeak Properties (DOC, 1.5%). Compared with Q1 2025, it opened 58 new positions, sold out of 43, added to 244 and reduced 231. The biggest buy was a new position in Amcor (AMCR) and the biggest sale an exit from Berry Global (BERY).
- Most Recent 13F
- Q2 2026
- Location
- SAN MATEO, CA
- CIK
- 0001082327
- Portfolio Value
- $27.4B (Q2 2025)
- SEC Filing
- 0001082327-25-000040 ↗ filed Aug 14, 2025
Holdings Value
Holdings 603 stocks · $27.4B
| KEY Keycorp | 2.12% | 33,388,615 | $581.6M | Add +9.4% |
| CFG Citizens Financial Group | 1.76% | 10,792,138 | $482.9M | Add +4.0% |
| DOC Healthpeak Properties Inc. | 1.48% | 23,136,464 | $405.1M | Add +25.8% |
| EXEL Exelixis Inc. | 1.41% | 8,775,572 | $386.8M | Add +12.6% |
| GPK Graphic Packaging Holding Co. | 1.39% | 18,019,462 | $379.7M | Add +23.3% |
| ONB Old National Bancorp | 1.33% | 17,114,536 | $365.2M | Reduce -4.6% |
| FNB FNB Corp. | 1.29% | 24,189,255 | $352.7M | Reduce -0.4% |
| AMCR Amcor PLC | 1.22% | 36,360,083 | $334.1M | New |
| STRL Sterling Infrastructure Inc. | 1.22% | 1,444,385 | $333.3M | Reduce -3.6% |
| AGCO Agco Corp. | 1.09% | 2,884,259 | $297.5M | Add +5.2% |
| FIX Comfort Systems USA Inc. | 1.04% | 533,131 | $285.9M | Reduce -17.4% |
| ALSN Allison Transmission Holding | 1.02% | 2,932,050 | $278.5M | Add +11.5% |
| EME Emcor Group Inc. | 1.02% | 520,602 | $278.5M | Reduce -13.6% |
| UGI Ugi Corp. | 0.91% | 6,835,314 | $248.9M | Add +0.4% |
| SAIC Science Applications Inte | 0.90% | 2,182,116 | $245.7M | Reduce -12.7% |
| DVN Devon Energy Corp. | 0.89% | 7,666,188 | $243.9M | Add +0.8% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.89% | 4,432,672 | $243.3M | Reduce -4.2% |
| KMPR Kemper Corp. | 0.84% | 3,569,116 | $230.4M | Add +0.5% |
| EHC Encompass Health Corp. | 0.82% | 1,823,800 | $223.7M | Add +18.3% |
| CMC Commercial Metals Co. | 0.76% | 4,272,972 | $209.0M | Add +2.7% |
| POR Portland General Electric Co. | 0.76% | 5,108,491 | $207.6M | Add +5.0% |
| FLO Flowers Foods Inc. | 0.75% | 12,891,094 | $206.0M | Add +53.6% |
| ST Sensata Technologies Holdplc | 0.74% | 6,782,206 | $204.2M | Add +23.8% |
| XRAY Dentsply Sirona Inc. | 0.72% | 12,393,522 | $196.8M | Add +2.6% |
| AWI Armstrong World Industries | 0.70% | 1,189,717 | $193.3M | Reduce -29.9% |
| AXON Axon Enterprise Inc. | 0.70% | 232,303 | $192.3M | Reduce -1.7% |
| ENSG The Ensign Group Inc. | 0.68% | 1,200,179 | $185.1M | Reduce -10.1% |
| VRT Vertiv Holdings Co. Class A | 0.67% | 1,434,231 | $184.2M | Add +17.3% |
| ICUI Icu Medical Inc. | 0.67% | 1,389,966 | $183.7M | Add +0.5% |
| MTCH Match Group Inc. | 0.67% | 5,937,707 | $183.4M | Add +6.5% |
| REZI Resideo Technologies Inc. | 0.66% | 8,239,002 | $181.8M | Add +0.5% |
| FTDR Frontdoor Inc. | 0.66% | 3,078,667 | $181.5M | Add +11.8% |
| WTM White Mountains Insurance GP | 0.66% | 100,984 | $181.3M | Reduce -8.3% |
| PRIM Primoris Services Corp. | 0.65% | 2,283,477 | $178.0M | Add +28.0% |
| KRG Kite Realty Group Trust | 0.64% | 7,707,998 | $174.6M | Add +32.0% |
| CE Celanese Corp. | 0.64% | 3,151,229 | $174.4M | Reduce -0.4% |
| JAZZ Jazz Pharmaceuticals PLC | 0.63% | 1,628,959 | $172.9M | Add +22.4% |
| LKQ LKQ Corp. | 0.63% | 4,640,407 | $171.7M | Reduce -1.1% |
| HAS Hasbro Inc. | 0.62% | 2,304,041 | $170.1M | Add +1645643.6% |
| MMSI Merit Medical Systems Inc. | 0.62% | 1,819,378 | $170.1M | Add +3.0% |
| GVA Granite Construction Inc. | 0.61% | 1,796,155 | $168.0M | Reduce -17.5% |
| AAP Advance Auto Parts Inc. | 0.61% | 3,610,883 | $167.9M | Add +1.6% |
| AYI Acuity Inc. | 0.61% | 561,739 | $167.6M | Reduce -50.7% |
| CNO Cno Financial Group Inc. | 0.60% | 4,274,273 | $164.9M | Add +0.5% |
| CBT Cabot Corp. | 0.59% | 2,169,183 | $162.7M | Add +82.2% |
| EXP Eagle Materials Inc. | 0.59% | 800,490 | $161.8M | Add +2.7% |
| BCO The Brink's Co. | 0.58% | 1,790,402 | $159.9M | Add +0.2% |
| CRS Carpenter Technology | 0.57% | 566,670 | $156.6M | Add +12.6% |
| AXTA Axalta Coating Systems Ltd. | 0.57% | 5,221,118 | $155.0M | Reduce -28.0% |
| COLD Americold Realty Trust Inc. | 0.56% | 9,271,850 | $154.2M | New |
| THG Hanover Insurance Group Inc./ | 0.56% | 902,647 | $153.3M | Reduce -0.6% |
| TEX Terex Corp. | 0.55% | 3,252,453 | $151.9M | Add +39.1% |
| CRUS Cirrus Logic Inc. | 0.55% | 1,450,750 | $151.2M | Reduce -8.8% |
| OPCH Option Care Health Inc. | 0.55% | 4,601,020 | $149.4M | Add +9.4% |
| GNTX Gentex Corp. | 0.54% | 6,789,322 | $149.3M | Add +96.9% |
| TKR Timken Co. | 0.54% | 2,026,146 | $147.0M | Add +47.0% |
| TMHC Taylor Morrison Home Corp. | 0.53% | 2,343,091 | $143.9M | Reduce -3.5% |
| CROX Crocs Inc. | 0.52% | 1,404,147 | $142.2M | Add +3.1% |
| MAT Mattel Inc. | 0.52% | 7,174,855 | $141.5M | Add +7.9% |
| SR Spire Inc. | 0.51% | 1,921,575 | $140.3M | Reduce -21.8% |
| ZION Zions Bancorp NA | 0.51% | 2,699,454 | $140.2M | Add +26.5% |
| NXST Nexstar Media Group Inc. | 0.51% | 805,370 | $139.3M | Add +0.2% |
| KTOS Kratos Defense & Security | 0.51% | 2,988,289 | $138.8M | Add +14.5% |
| MUSA Murphy USA Inc. | 0.50% | 334,657 | $136.1M | Reduce -24.3% |
| VNT Vontier Corp. | 0.50% | 3,684,257 | $135.9M | Add +8.7% |
| FHB First Hawaiian Inc. | 0.49% | 5,425,973 | $135.4M | Add +2.6% |
| VAC Marriott Vacations World | 0.49% | 1,841,593 | $133.2M | Add +1.0% |
| MWA Mueller Water Products Inc. Class A | 0.48% | 5,519,486 | $132.7M | Add +2.2% |
| BBWI Bath & Body Works Inc. | 0.48% | 4,382,154 | $131.3M | Add +19.1% |
| CNXC Concentrix Corp. | 0.47% | 2,457,468 | $129.9M | Add +0.6% |
| OLN Olin Corp. | 0.47% | 6,449,889 | $129.6M | Add +1.0% |
| AIT Applied Industrial Tech Inc. | 0.47% | 552,991 | $128.5M | Reduce -8.5% |
| FHI Federated Hermes Inc. | 0.46% | 2,817,805 | $124.9M | Add +48.0% |
| REYN Reynolds Consumer Products I | 0.46% | 5,829,632 | $124.9M | New |
| HWC Hancock Whitney Corp. | 0.45% | 2,153,030 | $123.6M | Add +3.0% |
| MMS Maximus Inc. | 0.45% | 1,738,818 | $122.1M | Add +0.6% |
| GFF Griffon Corp. | 0.44% | 1,678,715 | $121.5M | Add +76.5% |
| LITE Lumentum Holdings Inc. | 0.43% | 1,233,644 | $117.3M | Add +16.0% |
| CADE Cadence Bank | 0.42% | 3,616,976 | $115.7M | Reduce -0.1% |
| URBN Urban Outfitters Inc. | 0.42% | 1,583,234 | $114.8M | Add +13.3% |
| GH Guardant Health Inc. | 0.42% | 2,197,829 | $114.4M | Add +11.8% |
| RRC Range Resources Corp. | 0.42% | 2,812,002 | $114.4M | Reduce -11.9% |
| BDC Belden Inc. | 0.42% | 986,379 | $114.2M | Reduce -0.1% |
| R Ryder System Inc. | 0.41% | 709,631 | $112.8M | Reduce -0.1% |
| AMG Affiliated Managers Group | 0.41% | 570,857 | $112.3M | Add +2.8% |
| UTHR United Therapeutics Corp. | 0.41% | 387,046 | $111.2M | Reduce -21.2% |
| DCI Donaldson Co. Inc. | 0.40% | 1,596,364 | $110.7M | Reduce -0.1% |
| WAFD Wafd Inc. | 0.39% | 3,691,296 | $108.1M | Add +0.5% |
| PTEN Patterson-Uti Energy Inc. | 0.39% | 18,045,701 | $107.0M | Add +6.7% |
| EVR Evercore Inc. Class A | 0.38% | 381,029 | $102.9M | Reduce -44.4% |
| EXLS Exlservice Holdings Inc. | 0.36% | 2,252,210 | $98.6M | Reduce -2.7% |
| LRN Stride Inc. | 0.36% | 673,057 | $97.7M | Reduce -41.4% |
| HMN Horace Mann Educators | 0.35% | 2,259,743 | $97.1M | Add +0.5% |
| CVLT Commvault Systems Inc. | 0.35% | 553,374 | $96.5M | Add +6.8% |
| SWX Southwest Gas Holdings Inc. | 0.35% | 1,296,411 | $96.4M | Add +0.5% |
| DORM Dorman Products Inc. | 0.35% | 784,041 | $96.2M | Add +83.6% |
| BE Bloom Energy Corp. Class A | 0.34% | 3,936,773 | $94.2M | Add +9.0% |
| RDN Radian Group Inc. | 0.34% | 2,578,931 | $92.9M | Add +0.6% |
| CSGS CSG Systems Intl Inc. | 0.34% | 1,422,260 | $92.9M | Add +4.8% |
| DINO HF Sinclair Corp. | 0.34% | 2,244,271 | $92.2M | Reduce -11.8% |
Lines left out (6) · $26 — a value with no share or principal amount
| Security | Class | Shares | Value |
|---|---|---|---|
| HWM Howmet Aerospace Inc. | COM | 0 | $17 |
| DNB Dun & Bradstreet Holdings Inc. | COM | 0 | $2 |
| 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: $27.4B.
Portfolio Sells Q1 2025 → Q2 2025
| BERY Berry Global Group Inc. | Sold out | 0.00% | −1.31 |
| AYI Acuity Inc. | Reduce -50.7% | 0.61% | −0.55 |
| FCNCA First Citizens Bcshs Class A | Reduce -80.0% | 0.12% | −0.48 |
| TXNM TXNM Energy Inc. | Reduce -73.7% | 0.17% | −0.47 |
| AXS Axis Capital Holdings Ltd. | Reduce -68.8% | 0.20% | −0.47 |
| DOCS Doximity Inc. Class A | Reduce -99.8% | 0.00% | −0.39 |
| AXTA Axalta Coating Systems Ltd. | Reduce -28.0% | 0.57% | −0.37 |
| G Genpact Ltd. | Reduce -99.9% | 0.00% | −0.36 |
| EAT Brinker International Inc. | Reduce -100.0% | 0.00% | −0.35 |
| NOMD Nomad Foods Ltd. | Reduce -100.0% | 0.00% | −0.32 |
| SIRI Sirius XM Holdings Inc. | Reduce -100.0% | 0.00% | −0.31 |
| MUSA Murphy USA Inc. | Reduce -24.3% | 0.50% | −0.31 |
| LSTR Landstar System Inc. | Reduce -99.9% | 0.00% | −0.27 |
| GMED Globus Medical Inc. Class A | Reduce -100.0% | 0.00% | −0.26 |
| ITGR Integer Holdings Corp. | Reduce -68.8% | 0.11% | −0.25 |
| BRBR Bellring Brands Inc. | Reduce -99.9% | 0.00% | −0.25 |
| AZEK The Azek Co. Inc. | Reduce -99.8% | 0.00% | −0.24 |
| BECN Beacon Roofing Supply Inc. | Sold out | 0.00% | −0.24 |
| KMX Carmax Inc. | Reduce -85.4% | 0.03% | −0.24 |
| SR Spire Inc. | Reduce -21.8% | 0.51% | −0.24 |
| CCK Crown Holdings Inc. | Reduce -90.7% | 0.03% | −0.23 |
| AWI Armstrong World Industries | Reduce -29.9% | 0.70% | −0.22 |
| SF Stifel Financial Corp. | Reduce -47.8% | 0.26% | −0.22 |
| DAY Dayforce Inc. | Reduce -99.9% | 0.00% | −0.22 |
| OSK Oshkosh Corp. | Reduce -100.0% | 0.00% | −0.21 |
| LRN Stride Inc. | Reduce -41.4% | 0.36% | −0.21 |
| CFLT Confluent Inc. Class A | Sold out | 0.00% | −0.21 |
| GAP The Gap Inc. | Reduce -99.9% | 0.00% | −0.20 |
| GTM Zoominfo Technologies Inc. | Reduce -99.9% | 0.00% | −0.20 |
| BRZE Braze Inc. Class A | Reduce -100.0% | 0.00% | −0.20 |
| RVLV Revolve Group Inc. Class A | Reduce -100.0% | 0.00% | −0.20 |
| MRCY Mercury Systems Inc. | Reduce -99.5% | 0.00% | −0.20 |
| SAIC Science Applications Inte | Reduce -12.7% | 0.90% | −0.19 |
| UTHR United Therapeutics Corp. | Reduce -21.2% | 0.41% | −0.18 |
| WTM White Mountains Insurance GP | Reduce -8.3% | 0.66% | −0.16 |
| IART Integra Lifesciences Holding | Reduce -0.8% | 0.17% | −0.16 |
| UAA Under Armour Inc. Class A | Reduce -99.9% | 0.00% | −0.16 |
| EVR Evercore Inc. Class A | Reduce -44.4% | 0.38% | −0.16 |
| LKQ LKQ Corp. | Reduce -1.1% | 0.63% | −0.15 |
| ONB Old National Bancorp | Reduce -4.6% | 1.33% | −0.14 |
| MBC Masterbrand Inc. | Sold out | 0.00% | −0.14 |
| RH RH | Reduce -100.0% | 0.00% | −0.14 |
| IBP Installed Building Products | Reduce -30.0% | 0.29% | −0.13 |
| SON Sonoco Products Co. | Reduce -18.3% | 0.30% | −0.12 |
| CHRD Chord Energy Corp. | Reduce -27.1% | 0.16% | −0.11 |
| AZTA Azenta Inc. | Reduce -99.9% | 0.00% | −0.10 |
| STC Stewart Information Services | Reduce -99.9% | 0.00% | −0.10 |
| HRB H&R Block Inc. | Reduce -4.2% | 0.89% | −0.10 |
| ZD Ziff Davis Inc. | Reduce -46.4% | 0.07% | −0.10 |
| IDCC Interdigital Inc. | Reduce -24.6% | 0.30% | −0.09 |
Portfolio Buys Q1 2025 → Q2 2025
| AMCR Amcor PLC | New | 1.22% | +1.22 |
| HAS Hasbro Inc. | Add +1645643.6% | 0.62% | +0.62 |
| COLD Americold Realty Trust Inc. | New | 0.56% | +0.56 |
| REYN Reynolds Consumer Products I | New | 0.46% | +0.46 |
| VRT Vertiv Holdings Co. Class A | Add +17.3% | 0.67% | +0.33 |
| EXEL Exelixis Inc. | Add +12.6% | 1.41% | +0.29 |
| ATI Ati Inc. | New | 0.29% | +0.29 |
| CRDO Credo Technology Group Holdi | Add +250129.3% | 0.28% | +0.28 |
| ELAN Elanco Animal Health Inc. | New | 0.27% | +0.27 |
| QRVO Qorvo Inc. | New | 0.26% | +0.26 |
| PRIM Primoris Services Corp. | Add +28.0% | 0.65% | +0.25 |
| FTDR Frontdoor Inc. | Add +11.8% | 0.66% | +0.25 |
| CRL Charles River Laboratories | New | 0.25% | +0.25 |
| RRX Regal Rexnord Corp. | Add +2873800.0% | 0.24% | +0.24 |
| FOUR SHIFT4 Payments Inc. Class A | Add +447017.3% | 0.24% | +0.24 |
| CRC California Resources Corp. | New | 0.24% | +0.24 |
| BTSG Brightspring Health Services | New | 0.23% | +0.23 |
| GNTX Gentex Corp. | Add +96.9% | 0.54% | +0.23 |
| ST Sensata Technologies Holdplc | Add +23.8% | 0.74% | +0.23 |
| KEY Keycorp | Add +9.4% | 2.12% | +0.23 |
| SEE Sealed Air Corp. | New | 0.23% | +0.23 |
| VSEC Vse Corp. | New | 0.22% | +0.22 |
| CRS Carpenter Technology | Add +12.6% | 0.57% | +0.22 |
| BOX Box Inc. Class A | New | 0.22% | +0.22 |
| FCFS Firstcash Holdings Inc. | New | 0.21% | +0.21 |
| CVSA Covista Inc. | Add +363804.0% | 0.21% | +0.21 |
| TEX Terex Corp. | Add +39.1% | 0.55% | +0.21 |
| LYFT LYFT Inc. Class A | New | 0.21% | +0.21 |
| EHC Encompass Health Corp. | Add +18.3% | 0.82% | +0.21 |
| CBT Cabot Corp. | Add +82.2% | 0.59% | +0.21 |
| KTOS Kratos Defense & Security | Add +14.5% | 0.51% | +0.21 |
| CWH Camping World Holdings Inc. Class A | New | 0.19% | +0.19 |
| GFF Griffon Corp. | Add +76.5% | 0.44% | +0.18 |
| LW Lamb Weston Holdings Inc. | New | 0.18% | +0.18 |
| QDEL Quidelortho Corp. | New | 0.17% | +0.17 |
| LITE Lumentum Holdings Inc. | Add +16.0% | 0.43% | +0.17 |
| SKYW Skywest Inc. | New | 0.17% | +0.17 |
| AAON Aaon Inc. | New | 0.16% | +0.16 |
| FHI Federated Hermes Inc. | Add +48.0% | 0.46% | +0.15 |
| TKR Timken Co. | Add +47.0% | 0.54% | +0.15 |
| DORM Dorman Products Inc. | Add +83.6% | 0.35% | +0.15 |
| MSM MSC Industrial Direct Co. Class A | Add +81.7% | 0.31% | +0.15 |
| CRK Comstock Resources Inc. | New | 0.15% | +0.15 |
| TGNA Tegna Inc. | Add +106.9% | 0.31% | +0.14 |
| URBN Urban Outfitters Inc. | Add +13.3% | 0.42% | +0.13 |
| RL Ralph Lauren Corp. | Add +41.8% | 0.33% | +0.13 |
| FLO Flowers Foods Inc. | Add +53.6% | 0.75% | +0.13 |
| KRG Kite Realty Group Trust | Add +32.0% | 0.64% | +0.13 |
| SANM Sanmina Corp. | Add +54.0% | 0.26% | +0.12 |
| IRTC Irhythm Holdings Inc. | Add +13.2% | 0.33% | +0.12 |
Notes & Other Activity Q1 2025 → Q2 2025
| DNB Dun & Bradstreet Holdings Inc. | COM | Reduce -100.0% | 0 | $2 |
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 |