Fuller & Thaler Asset Management, Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Fuller & Thaler Asset Management, Inc. reported 494 stock positions worth $29.4 billion. Its top holding was Healthpeak Properties (DOC) at 1.6% of the portfolio, followed by Keycorp (KEY, 1.6%) and Amcor (AMCR, 1.6%). Compared with Q2 2025, it opened 38 new positions, sold out of 148, added to 173 and reduced 242. The biggest buy was Primoris Services (PRIM, shares +34%) and the biggest sale Carpenter Technology (CRS, shares −100%).
- Most Recent 13F
- Q2 2026
- Location
- SAN MATEO, CA
- CIK
- 0001082327
- Portfolio Value
- $29.4B (Q3 2025)
- SEC Filing
- 0001420506-25-003195 ↗ filed Nov 13, 2025
Holdings Value
Holdings 494 stocks · $29.4B
| DOC Healthpeak Properties Inc. | 1.62% | 24,872,204 | $476.3M | Add +7.5% |
| KEY Keycorp | 1.59% | 25,047,212 | $468.1M | Reduce -25.0% |
| AMCR Amcor PLC | 1.56% | 56,171,587 | $459.5M | Add +54.5% |
| PRIM Primoris Services Corp. | 1.43% | 3,055,639 | $419.6M | Add +33.8% |
| ONB Old National Bancorp | 1.29% | 17,323,267 | $380.2M | Add +1.2% |
| FNB FNB Corp. | 1.28% | 23,317,037 | $375.6M | Reduce -3.6% |
| STRL Sterling Infrastructure Inc. | 1.28% | 1,104,488 | $375.2M | Reduce -23.5% |
| GPK Graphic Packaging Holding Co. | 1.25% | 18,730,407 | $366.6M | Add +4.0% |
| CFG Citizens Financial Group | 1.23% | 6,798,187 | $361.4M | Reduce -37.0% |
| EXEL Exelixis Inc. | 1.17% | 8,320,794 | $343.6M | Reduce -5.2% |
| FIX Comfort Systems USA Inc. | 1.04% | 370,623 | $305.8M | Reduce -30.5% |
| AGCO Agco Corp. | 1.01% | 2,788,251 | $298.5M | Reduce -3.3% |
| BE Bloom Energy Corp. Class A | 0.96% | 3,347,729 | $283.1M | Reduce -15.0% |
| EME Emcor Group Inc. | 0.93% | 420,062 | $272.8M | Reduce -19.3% |
| REZI Resideo Technologies Inc. | 0.92% | 6,291,756 | $271.7M | Reduce -23.6% |
| DVN Devon Energy Corp. | 0.90% | 7,520,624 | $263.7M | Reduce -1.9% |
| EHC Encompass Health Corp. | 0.89% | 2,062,014 | $261.9M | Add +13.1% |
| ALSN Allison Transmission Holding | 0.82% | 2,847,295 | $241.7M | Reduce -2.9% |
| FTDR Frontdoor Inc. | 0.82% | 3,582,757 | $241.1M | Add +16.4% |
| CMC Commercial Metals Co. | 0.81% | 4,168,888 | $238.8M | Reduce -2.4% |
| MTCH Match Group Inc. | 0.80% | 6,638,160 | $234.5M | Add +11.8% |
| POR Portland General Electric Co. | 0.76% | 5,097,180 | $224.3M | Reduce -0.2% |
| COLD Americold Realty Trust Inc. | 0.74% | 17,758,633 | $217.4M | Add +91.5% |
| SAIC Science Applications Inte | 0.74% | 2,185,655 | $217.2M | Add +0.2% |
| KTOS Kratos Defense & Security | 0.73% | 2,357,024 | $215.4M | Reduce -21.1% |
| JAZZ Jazz Pharmaceuticals PLC | 0.73% | 1,626,136 | $214.3M | Reduce -0.2% |
| UGI Ugi Corp. | 0.72% | 6,372,447 | $211.9M | Reduce -6.8% |
| LKQ LKQ Corp. | 0.71% | 6,813,720 | $208.1M | Add +46.8% |
| BCO The Brink's Co. | 0.71% | 1,776,958 | $207.7M | Reduce -0.8% |
| HRB H&R Block Inc. filed as BLOCK H & R INC | 0.70% | 4,093,908 | $207.0M | Reduce -7.6% |
| LITE Lumentum Holdings Inc. | 0.70% | 1,263,232 | $205.5M | Add +2.4% |
| ST Sensata Technologies Holdplc | 0.69% | 6,609,800 | $201.9M | Reduce -2.5% |
| AWI Armstrong World Industries | 0.68% | 1,024,655 | $200.8M | Reduce -13.9% |
| CRUS Cirrus Logic Inc. | 0.67% | 1,567,248 | $196.4M | Add +8.0% |
| KMPR Kemper Corp. | 0.66% | 3,793,580 | $195.6M | Add +6.3% |
| ENSG The Ensign Group Inc. | 0.65% | 1,111,471 | $192.0M | Reduce -7.4% |
| GVA Granite Construction Inc. | 0.64% | 1,728,456 | $189.5M | Reduce -3.8% |
| GNTX Gentex Corp. | 0.63% | 6,581,273 | $186.3M | Reduce -3.1% |
| AAP Advance Auto Parts Inc. | 0.63% | 3,003,100 | $184.4M | Reduce -16.8% |
| WTM White Mountains Insurance GP | 0.61% | 108,091 | $180.7M | Add +7.0% |
| THG Hanover Insurance Group Inc./ | 0.59% | 956,455 | $173.7M | Add +6.0% |
| OPCH Option Care Health Inc. | 0.59% | 6,206,742 | $172.3M | Add +34.9% |
| KRG Kite Realty Group Trust | 0.58% | 7,689,476 | $171.5M | Reduce -0.2% |
| NXST Nexstar Media Group Inc. | 0.58% | 865,219 | $171.1M | Add +7.4% |
| AXTA Axalta Coating Systems Ltd. | 0.57% | 5,907,711 | $169.1M | Add +13.2% |
| CBT Cabot Corp. | 0.57% | 2,218,709 | $168.7M | Add +2.3% |
| CNO Cno Financial Group Inc. | 0.57% | 4,263,124 | $168.6M | Reduce -0.3% |
| TEX Terex Corp. | 0.57% | 3,244,855 | $166.5M | Reduce -0.2% |
| ICUI Icu Medical Inc. | 0.56% | 1,385,155 | $166.2M | Reduce -0.3% |
| AYI Acuity Inc. | 0.56% | 476,678 | $164.2M | Reduce -15.1% |
| XRAY Dentsply Sirona Inc. | 0.55% | 12,777,769 | $162.1M | Add +3.1% |
| OLN Olin Corp. | 0.55% | 6,464,161 | $161.5M | Add +0.2% |
| VNT Vontier Corp. | 0.54% | 3,790,698 | $159.1M | Add +2.9% |
| MMS Maximus Inc. | 0.54% | 1,734,928 | $158.5M | Reduce -0.2% |
| SR Spire Inc. | 0.53% | 1,917,706 | $156.3M | Reduce -0.2% |
| REYN Reynolds Consumer Products I | 0.53% | 6,378,360 | $156.1M | Add +9.4% |
| VRT Vertiv Holdings Co. Class A | 0.53% | 1,029,094 | $155.2M | Reduce -28.3% |
| TMHC Taylor Morrison Home Corp. | 0.53% | 2,340,103 | $154.5M | Reduce -0.1% |
| MMSI Merit Medical Systems Inc. | 0.52% | 1,843,114 | $153.4M | Add +1.3% |
| ALAB Astera Labs Inc. | 0.51% | 771,922 | $151.1M | Add +8.7% |
| CE Celanese Corp. | 0.51% | 3,536,390 | $148.8M | Add +12.2% |
| HAS Hasbro Inc. | 0.50% | 1,954,861 | $148.3M | Reduce -15.2% |
| MSM MSC Industrial Direct Co. Class A | 0.50% | 1,608,876 | $148.2M | Add +58.9% |
| GH Guardant Health Inc. | 0.50% | 2,369,568 | $148.1M | Add +7.8% |
| TKR Timken Co. | 0.50% | 1,959,203 | $147.3M | Reduce -3.3% |
| FHI Federated Hermes Inc. | 0.50% | 2,817,754 | $146.3M | Reduce 0.0% |
| AIT Applied Industrial Tech Inc. | 0.49% | 554,141 | $144.7M | Add +0.2% |
| ZION Zions Bancorp NA | 0.49% | 2,528,391 | $143.1M | Reduce -6.3% |
| AXON Axon Enterprise Inc. | 0.48% | 197,312 | $141.6M | Reduce -15.1% |
| DCI Donaldson Co. Inc. | 0.48% | 1,729,176 | $141.5M | Add +8.3% |
| AIZ Assurant Inc. | 0.48% | 647,857 | $140.3M | Add +111.0% |
| FLO Flowers Foods Inc. | 0.48% | 10,720,985 | $139.9M | Reduce -16.8% |
| DORM Dorman Products Inc. | 0.47% | 884,892 | $137.9M | Add +12.9% |
| MOD Modine Manufacturing Co. | 0.47% | 966,963 | $137.5M | Add +5.0% |
| AMG Affiliated Managers Group | 0.46% | 570,275 | $136.0M | Reduce -0.1% |
| HWC Hancock Whitney Corp. | 0.46% | 2,171,472 | $136.0M | Add +0.9% |
| CADE Cadence Bank | 0.46% | 3,613,733 | $135.7M | Reduce -0.1% |
| FHB First Hawaiian Inc. | 0.46% | 5,413,478 | $134.4M | Reduce -0.2% |
| EXP Eagle Materials Inc. | 0.45% | 572,232 | $133.4M | Reduce -28.5% |
| R Ryder System Inc. | 0.45% | 701,555 | $132.3M | Reduce -1.1% |
| UTHR United Therapeutics Corp. | 0.45% | 315,305 | $132.2M | Reduce -18.5% |
| DINO HF Sinclair Corp. | 0.44% | 2,501,241 | $130.9M | Add +11.4% |
| MUSA Murphy USA Inc. | 0.44% | 335,816 | $130.4M | Add +0.3% |
| MWA Mueller Water Products Inc. Class A | 0.44% | 5,103,083 | $130.2M | Reduce -7.5% |
| CRDO Credo Technology Group Holdi | 0.44% | 892,803 | $130.0M | Add +7.8% |
| WFRD Weatherford International PL | 0.43% | 1,861,673 | $127.4M | Add +5.2% |
| BWA Borgwarner Inc. | 0.43% | 2,857,221 | $125.6M | Add +27.9% |
| BBT Beacon Financial Corp. | 0.43% | 5,282,016 | $125.2M | Add +93.2% |
| VAC Marriott Vacations World | 0.42% | 1,838,422 | $122.4M | Reduce -0.2% |
| BDC Belden Inc. | 0.41% | 1,002,330 | $120.6M | Add +1.6% |
| IDCC Interdigital Inc. | 0.39% | 333,892 | $115.3M | Reduce -8.3% |
| RL Ralph Lauren Corp. | 0.39% | 361,815 | $113.5M | Add +8.2% |
| HI Hillenbrand Inc. | 0.39% | 4,194,927 | $113.4M | Add +0.3% |
| WAFD Wafd Inc. | 0.38% | 3,682,560 | $111.5M | Reduce -0.2% |
| PRMB Primo Brands Corp. | 0.38% | 4,992,647 | $110.3M | Add +111070.1% |
| REVG Rev Group Inc. | 0.37% | 1,906,736 | $108.1M | Add +534.5% |
| RRC Range Resources Corp. | 0.36% | 2,800,640 | $105.4M | Reduce -0.4% |
| SMTC Semtech Corp. | 0.36% | 1,466,394 | $104.8M | Add +3.3% |
| FOUR SHIFT4 Payments Inc. Class A | 0.35% | 1,346,957 | $104.3M | Add +100.8% |
| EVR Evercore Inc. Class A | 0.35% | 308,401 | $104.0M | Reduce -19.1% |
Portfolio Sells Q2 2025 → Q3 2025
| CRS Carpenter Technology | Reduce -99.6% | 0.00% | −0.57 |
| CFG Citizens Financial Group | Reduce -37.0% | 1.23% | −0.53 |
| KEY Keycorp | Reduce -25.0% | 1.59% | −0.53 |
| CROX Crocs Inc. | Reduce -63.8% | 0.14% | −0.37 |
| MAT Mattel Inc. | Reduce -55.3% | 0.18% | −0.33 |
| MOS The Mosaic Co. | Reduce -99.7% | 0.00% | −0.30 |
| ATI Ati Inc. | Sold out | 0.00% | −0.29 |
| FLO Flowers Foods Inc. | Reduce -16.8% | 0.48% | −0.28 |
| BBWI Bath & Body Works Inc. | Reduce -46.5% | 0.21% | −0.27 |
| GFF Griffon Corp. | Reduce -57.8% | 0.18% | −0.26 |
| RRX Regal Rexnord Corp. | Sold out | 0.00% | −0.24 |
| EXEL Exelixis Inc. | Reduce -5.2% | 1.17% | −0.24 |
| VRNT Verint Systems Inc. | Sold out | 0.00% | −0.24 |
| AXON Axon Enterprise Inc. | Reduce -15.1% | 0.48% | −0.22 |
| VCTR Victory Capital Holding - A | Reduce -70.6% | 0.08% | −0.21 |
| OVV Ovintiv Inc. | Sold out | 0.00% | −0.20 |
| ALSN Allison Transmission Holding | Reduce -2.9% | 0.82% | −0.19 |
| UGI Ugi Corp. | Reduce -6.8% | 0.72% | −0.19 |
| GTLB Gitlab Inc. Class A | Sold out | 0.00% | −0.19 |
| CWH Camping World Holdings Inc. Class A | Sold out | 0.00% | −0.19 |
| CWAN Clearwater Analytics HDS-A | Sold out | 0.00% | −0.19 |
| HRB H&R Block Inc. | Reduce -7.6% | 0.70% | −0.18 |
| BROOKLINE BANCORP INC | Sold out | 0.00% | −0.18 |
| IBP Installed Building Products | Reduce -69.2% | 0.12% | −0.18 |
| SMPL The Simply Good Foods Co. | Reduce -33.7% | 0.16% | −0.17 |
| EPC Edgewell Personal Care Co. | Sold out | 0.00% | −0.17 |
| AAON Aaon Inc. | Sold out | 0.00% | −0.16 |
| SON Sonoco Products Co. | Reduce -45.9% | 0.15% | −0.15 |
| CRK Comstock Resources Inc. | Sold out | 0.00% | −0.15 |
| VRT Vertiv Holdings Co. Class A | Reduce -28.3% | 0.53% | −0.14 |
| SFM Sprouts Farmers Market Inc. | Reduce -7.0% | 0.19% | −0.14 |
| EXP Eagle Materials Inc. | Reduce -28.5% | 0.45% | −0.14 |
| BROS Dutch Bros Inc. Class A | Reduce -19.1% | 0.18% | −0.14 |
| CNXC Concentrix Corp. | Reduce -9.2% | 0.35% | −0.12 |
| TNK Teekay Tankers Ltd. Class A | Reduce -72.4% | 0.06% | −0.12 |
| LRN Stride Inc. | Reduce -30.9% | 0.24% | −0.12 |
| HBI Hanesbrands Inc. | Reduce -55.4% | 0.18% | −0.12 |
| HAS Hasbro Inc. | Reduce -15.2% | 0.50% | −0.12 |
| CVLT Commvault Systems Inc. | Reduce -31.1% | 0.24% | −0.11 |
| ICUI Icu Medical Inc. | Reduce -0.3% | 0.56% | −0.11 |
| BLDR Builders Firstsource Inc. | Reduce -95.7% | 0.00% | −0.10 |
| URBN Urban Outfitters Inc. | Reduce -14.1% | 0.33% | −0.09 |
| EME Emcor Group Inc. | Reduce -19.3% | 0.93% | −0.09 |
| CHE Chemed Corp. | Reduce -19.5% | 0.19% | −0.09 |
| DUOL Duolingo | Reduce -7.0% | 0.18% | −0.09 |
| ASO Academy Sports & Outdoors Inc. | Sold out | 0.00% | −0.09 |
| CACI Caci International Inc. Class A | Reduce -25.7% | 0.21% | −0.08 |
| ALEX Alexander & Baldwin Inc. | Sold out | 0.00% | −0.08 |
| PTEN Patterson-Uti Energy Inc. | Reduce -0.5% | 0.32% | −0.07 |
| AGCO Agco Corp. | Reduce -3.3% | 1.01% | −0.07 |
Portfolio Buys Q2 2025 → Q3 2025
| PRIM Primoris Services Corp. | Add +33.8% | 1.43% | +0.78 |
| PRMB Primo Brands Corp. | Add +111070.1% | 0.38% | +0.37 |
| AMCR Amcor PLC | Add +54.5% | 1.56% | +0.34 |
| REVG Rev Group Inc. | Add +534.5% | 0.37% | +0.32 |
| G Genpact Ltd. | Add +111331.9% | 0.31% | +0.31 |
| ALAB Astera Labs Inc. | Add +8.7% | 0.51% | +0.28 |
| ELF Elf Beauty Inc. | Add +162321.1% | 0.27% | +0.27 |
| LITE Lumentum Holdings Inc. | Add +2.4% | 0.70% | +0.27 |
| FIVE Five Below | New | 0.27% | +0.27 |
| INDV Indivior Ltd. | New | 0.26% | +0.26 |
| AIZ Assurant Inc. | Add +111.0% | 0.48% | +0.26 |
| VRNS Varonis Systems Inc. | New | 0.25% | +0.25 |
| ZETA Zeta Global Holdings Corp. Class A | Add +201128.8% | 0.25% | +0.25 |
| VSAT Viasat Inc. | New | 0.25% | +0.25 |
| ZWS Zurn Elkay Water Solutions C | New | 0.24% | +0.24 |
| TFX Teleflex Inc. | New | 0.24% | +0.24 |
| VISN Vistance Networks Inc. | Add +0.0% | 0.23% | +0.23 |
| WK Workiva Inc. | New | 0.23% | +0.23 |
| RRR Red Rock Resorts Inc. Class A | New | 0.23% | +0.23 |
| BIO Bio-Rad Laboratories-A | New | 0.23% | +0.23 |
| MSM MSC Industrial Direct Co. Class A | Add +58.9% | 0.50% | +0.19 |
| RDNT Radnet Inc. | New | 0.18% | +0.18 |
| COLD Americold Realty Trust Inc. | Add +91.5% | 0.74% | +0.18 |
| BBT Beacon Financial Corp. | Add +93.2% | 0.43% | +0.18 |
| ACIW Aci Worldwide Inc. | New | 0.17% | +0.17 |
| AIR Aar Corp. | New | 0.17% | +0.17 |
| PTON Peloton Interactive Inc. Class A | New | 0.17% | +0.17 |
| AMSC American Superconductor Corp. | New | 0.16% | +0.16 |
| CRDO Credo Technology Group Holdi | Add +7.8% | 0.44% | +0.16 |
| RSI Rush Street Interactive Inc. | New | 0.16% | +0.16 |
| FTDR Frontdoor Inc. | Add +16.4% | 0.82% | +0.16 |
| AEO American Eagle Outfitters | New | 0.16% | +0.16 |
| BWA Borgwarner Inc. | Add +27.9% | 0.43% | +0.15 |
| PRGO Perrigo Co. PLC | New | 0.15% | +0.15 |
| SKYW Skywest Inc. | Add +107.5% | 0.32% | +0.15 |
| DOC Healthpeak Properties Inc. | Add +7.5% | 1.62% | +0.14 |
| MOD Modine Manufacturing Co. | Add +5.0% | 0.47% | +0.14 |
| MTCH Match Group Inc. | Add +11.8% | 0.80% | +0.13 |
| SMTC Semtech Corp. | Add +3.3% | 0.36% | +0.12 |
| DORM Dorman Products Inc. | Add +12.9% | 0.47% | +0.12 |
| U Unity Software Inc. | Add +0.3% | 0.33% | +0.12 |
| CRUS Cirrus Logic Inc. | Add +8.0% | 0.67% | +0.12 |
| FOUR SHIFT4 Payments Inc. Class A | Add +100.8% | 0.35% | +0.11 |
| DINO HF Sinclair Corp. | Add +11.4% | 0.44% | +0.11 |
| WFRD Weatherford International PL | Add +5.2% | 0.43% | +0.11 |
| HALO Halozyme Therapeutics Inc. | Add +10.3% | 0.34% | +0.11 |
| GH Guardant Health Inc. | Add +7.8% | 0.50% | +0.09 |
| TILE Interface Inc. | New | 0.08% | +0.08 |
| LKQ LKQ Corp. | Add +46.8% | 0.71% | +0.08 |
| HI Hillenbrand Inc. | Add +0.3% | 0.39% | +0.08 |
Notes & Other Activity Q2 2025 → Q3 2025
| HWM Howmet Aerospace Inc. | COM | Sold out | 0 | $17before exit |
| DNB Dun & Bradstreet Holdings Inc. | COM | Sold out | 0 | $2before exit |
| LYV Live Nation Entertainment Inc. | COM | Sold out | 0 | $2before exit |
| SPG Simon Property Group Inc. | COM | Sold out | 0 | $2before exit |
| SNA Snap-on Inc. | COM | Sold out | 0 | $2before exit |
| FRCB First Republic Bank | COM | Sold out | 0 | $0before exit |
| NWL Newell Brands Inc. | COM | Sold out | 0 | $0before exit |
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 |