Harbert Fund Advisors, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Harbert Fund Advisors, LLC reported 78 stock positions worth $145.3 million. Its top holding was Turtle Beach (TBCH) at 6.1% of the portfolio, followed by Amazon.com (AMZN, 5.3%) and Microsoft (MSFT, 5.1%). Compared with Q4 2023, it opened 28 new positions, sold out of 18, added to 12 and reduced 20. The biggest buy was Microsoft (MSFT, shares +28%) and the biggest sale an exit from Playags (AGS).

Most Recent 13F
Q2 2026
Location
Birmingham, AL
CIK
0001616659
Portfolio Value
$145.3M (Q1 2024)
SEC Filing
0000919574-24-003015 ↗ filed May 15, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $145.3M $145.3M Q1 2024 Q2 2024: $124.4M Q2 2024 Q3 2024: $124.1M Q3 2024 Q4 2024: $115.0M Q4 2024 Q1 2025: $86.2M Q1 2025 Q2 2025: $33.3M Q2 2025 Q3 2025: $15.3M Q3 2025 Q4 2025: $3.5M Q4 2025 Q1 2026: $3.0M Q1 2026 Q2 2026: $0 Q2 2026

Holdings 78 stocks · $145.3M
TBCH Turtle Beach Corp. 6.11% 514,964 $8.9M No change
AMZN Amazon.com Inc. 5.34% 43,000 $7.8M Add +0.6%
MSFT Microsoft Corp. 5.14% 17,750 $7.5M Add +27.9%
ENZB Enzo Biochem Inc. 4.52% 5,175,913 $6.6M No change
INVE Inve Technologies Inc. filed as IDENTIV INC 4.28% 785,557 $6.2M No change
CSV Carriage Services Inc. 3.88% 208,497 $5.6M No change
INFU Infusystem Holdings Inc. 3.65% 618,085 $5.3M No change
FENC Fennec Pharmaceuticals Inc. 3.57% 466,869 $5.2M No change
META Meta Platforms Inc. Class A 3.51% 10,500 $5.1M Reduce -4.5%
LQDA Liquidia Corp. 3.44% 339,158 $5.0M No change
SIX Six Flags Entertainment Corp. 3.22% 177,936 $4.7M No change
ARAY Accuray Inc. 3.14% 1,849,184 $4.6M No change
SSYS Stratasys Ltd. 3.00% 375,000 $4.4M No change
TACT Transact Technologies Inc. 2.31% 640,168 $3.4M No change
ECVT Ecovyst Inc. 2.28% 297,061 $3.3M No change
DIBS 1STDIBS.COM Inc. 2.00% 486,705 $2.9M Reduce -42.3%
INSE Inspired Entertainment Inc. 1.76% 259,537 $2.6M No change
STREAMLINE HEALTH SOLUTIONS 1.59% 4,824,212 $2.3M No change
GOOG Alphabet Inc. Class C 1.41% 13,500 $2.1M Add +35.0%
MA Mastercard Inc. Class A 1.41% 4,250 $2.0M New
V Visa Inc. Class A 1.39% 7,250 $2.0M Add +45.0%
IIIV I3 Verticals Inc. Class A 1.29% 81,606 $1.9M No change
AVTR Avantor Inc. 1.20% 68,250 $1.7M Add +102.8%
AMD Advanced Micro Devices 1.06% 8,525 $1.5M Reduce -14.8%
TSM Taiwan Semiconductor-SP ADR 1.04% 11,075 $1.5M New
WDAY Workday Inc. Class A 0.98% 5,244 $1.4M Add +162.2%
XYZ Block Inc. 0.89% 15,250 $1.3M Reduce -9.0%
MCO Moody's Corp. 0.88% 3,250 $1.3M Add +140.7%
SPGI S&P Global Inc. 0.88% 3,000 $1.3M Add +1.9%
MCK McKesson Corp. 0.87% 2,350 $1.3M Reduce -16.8%
UNH Unitedhealth Group Inc. 0.85% 2,500 $1.2M No change
CALY Callaway Golf Company filed as TOPGOLF CALLAWAY BRANDS CORP 0.78% 70,000 $1.1M Reduce -68.2%
SPOT Spotify Technology SA 0.72% 3,950 $1.0M Add +43.6%
ELV Elevance Health Inc. 0.71% 2,000 $1.0M Reduce -27.3%
TMO Thermo Fisher Scientific Inc. 0.71% 1,775 $1.0M Reduce -26.8%
SYK Stryker Corp. 0.71% 2,875 $1.0M New
BSX Boston Scientific Corp. 0.71% 15,000 $1.0M Reduce -53.9%
IQV Iqvia Holdings Inc. 0.70% 4,050 $1.0M Reduce -28.0%
EMR Emerson Electric Co. 0.70% 9,000 $1.0M Reduce -32.3%
XYL Xylem Inc. 0.70% 7,875 $1.0M New
GFL GFL Environmental Inc.-Sub VT 0.70% 29,500 $1.0M Reduce -23.4%
UNP Union Pacific Corp. 0.70% 4,125 $1.0M Add +30.9%
DHR Danaher Corp. 0.70% 4,050 $1.0M New
QGEN Qiagen NV 0.70% 23,500 $1.0M New
ADBE Adobe Inc. 0.69% 2,000 $1.0M Add +14.3%
WCN Waste Connections Inc. 0.69% 5,850 $1.0M New
WMT Walmart Inc. 0.69% 16,550 $996K Reduce -33.1%
PANW Palo Alto Networks Inc. 0.52% 2,675 $760K New
PCT Purecycle Technologies Inc. 0.52% 121,274 $754K No change
CP Canadian Pacific Kansas City 0.52% 8,500 $749K New
SHCR Sharecare Inc. 0.46% 873,488 $670K No change
BRZE Braze Inc. Class A 0.41% 13,500 $598K Add +35.0%
EW Edwards Lifesciences Corp. 0.39% 6,000 $573K New
SWAV Shockwave Medical Inc. 0.39% 1,750 $570K New
SNOW Snowflake Inc. 0.39% 3,500 $566K New
PRM Perimeter Solutions SA 0.38% 75,000 $557K New
DDOG Datadog Inc. Class A 0.38% 4,500 $556K New
GTLB Gitlab Inc. Class A 0.37% 9,325 $544K Reduce -22.3%
PCOR Procore Technologies Inc. 0.36% 6,450 $530K Reduce -57.0%
FCX Freeport-McMoran Inc. 0.36% 11,250 $529K New
CRM Salesforce Inc. 0.36% 1,750 $527K New
MLM Martin Marietta Materials 0.36% 850 $522K New
DXCM Dexcom Inc. 0.36% 3,750 $520K New
ROP Roper Technologies Inc. 0.36% 925 $519K New
HCA HCA Healthcare Inc. 0.36% 1,550 $517K Reduce -19.5%
NKE Nike Inc. Class B 0.36% 5,500 $517K New
NFLX Netflix Inc. 0.36% 850 $516K New
JPM JPMorgan Chase & Co. 0.35% 2,575 $516K Reduce -66.3%
TEAM Atlassian Corp. Class A 0.35% 2,625 $512K New
MDB Mongodb Inc. 0.35% 1,425 $511K Reduce -23.0%
INTU Intuit Inc. 0.35% 785 $510K New
PGR Progressive Corp. 0.35% 2,450 $507K New
BABA Alibaba Group Holding-SP ADR 0.35% 7,000 $507K Reduce -48.1%
LLY Eli Lilly & Co. 0.35% 650 $506K New
ESTC Elastic NV 0.34% 5,000 $501K New
RGEN Repligen Corp. 0.34% 2,725 $501K Reduce -35.9%
SNPS Synopsys Inc. 0.34% 875 $500K New
THC Tenet Healthcare Corp. 0.34% 4,650 $489K New
Other holdings (3): bonds, preferreds, convertibles and warrants · $5K (not counted above)
SecurityClassShares / PrincipalValueChange
JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 10,000$2KNew
LDTDF Prospector Leddartech Alm-28 *W EXP 12/21/202 16,665$2KNo change
RMGWF RMG Acquisition Class A -CW27 *W EXP 99/99/999 10,000$700No change

Total filed on the 13F, all lines: $145.3M.

Portfolio Sells Q4 2023 → Q1 2024
AGS Playags Inc. Sold out 0.00% −4.14
NVDA Nvidia Corp. Sold out 0.00% −1.96
CALY Callaway Golf Company Reduce -68.2% 0.78% −1.38
DE Deere & Co. Sold out 0.00% −0.89
ISRG Intuitive Surgical Inc. Sold out 0.00% −0.89
FWONK Liberty Media Corp. Class C Sold out 0.00% −0.89
DPZ Domino's Pizza Inc. Sold out 0.00% −0.88
ALGN Align Technology Inc. Sold out 0.00% −0.88
TTWO Take-Two Interactive Softwre Sold out 0.00% −0.88
DIBS 1STDIBS.COM Inc. Reduce -42.3% 2.00% −0.71
BSX Boston Scientific Corp. Reduce -53.9% 0.71% −0.58
CL Colgate-Palmolive Co. Sold out 0.00% −0.55
JPM JPMorgan Chase & Co. Reduce -66.3% 0.35% −0.54
TECH Bio-Techne Corp. Sold out 0.00% −0.53
AXONICS INC Sold out 0.00% −0.52
ENPH Enphase Energy Inc. Sold out 0.00% −0.52
BABA Alibaba Group Holding-SP ADR Reduce -48.1% 0.35% −0.37
NTRA Natera Inc. Sold out 0.00% −0.36
SLB SLB Ltd. Sold out 0.00% −0.36
SHAK Shake Shack Inc. Class A Sold out 0.00% −0.35
EXAS Exact Sciences Corp. Sold out 0.00% −0.35
PCOR Procore Technologies Inc. Reduce -57.0% 0.36% −0.35
JWSUF Jaws Mustang Acquisition Cor Sold out 0.00% −0.30
LAZYDAYS HLDGS INC Sold out 0.00% −0.28
GFL GFL Environmental Inc.-Sub VT Reduce -23.4% 0.70% −0.21
WMT Walmart Inc. Reduce -33.1% 0.69% −0.21
IQV Iqvia Holdings Inc. Reduce -28.0% 0.70% −0.19
EMR Emerson Electric Co. Reduce -32.3% 0.70% −0.18
RGEN Repligen Corp. Reduce -35.9% 0.34% −0.18
ELV Elevance Health Inc. Reduce -27.3% 0.71% −0.18
TMO Thermo Fisher Scientific Inc. Reduce -26.8% 0.71% −0.17
MDB Mongodb Inc. Reduce -23.0% 0.35% −0.17
GTLB Gitlab Inc. Class A Reduce -22.3% 0.37% −0.14
MCK McKesson Corp. Reduce -16.8% 0.87% −0.03
HCA HCA Healthcare Inc. Reduce -19.5% 0.36% −0.00
XYZ Block Inc. Reduce -9.0% 0.89% −0.00
AMD Advanced Micro Devices Reduce -14.8% 1.06% +0.05
META Meta Platforms Inc. Class A Reduce -4.5% 3.51% +0.84

Portfolio Buys Q4 2023 → Q1 2024
MSFT Microsoft Corp. Add +27.9% 5.14% +1.56
MA Mastercard Inc. Class A New 1.41% +1.41
TSM Taiwan Semiconductor-SP ADR New 1.04% +1.04
AMZN Amazon.com Inc. Add +0.6% 5.34% +0.89
SYK Stryker Corp. New 0.71% +0.71
XYL Xylem Inc. New 0.70% +0.70
DHR Danaher Corp. New 0.70% +0.70
QGEN Qiagen NV New 0.70% +0.70
WCN Waste Connections Inc. New 0.69% +0.69
AVTR Avantor Inc. Add +102.8% 1.20% +0.67
WDAY Workday Inc. Class A Add +162.2% 0.98% +0.61
PANW Palo Alto Networks Inc. New 0.52% +0.52
MCO Moody's Corp. Add +140.7% 0.88% +0.52
CP Canadian Pacific Kansas City New 0.52% +0.52
V Visa Inc. Class A Add +45.0% 1.39% +0.50
GOOG Alphabet Inc. Class C Add +35.0% 1.41% +0.45
EW Edwards Lifesciences Corp. New 0.39% +0.39
SWAV Shockwave Medical Inc. New 0.39% +0.39
SNOW Snowflake Inc. New 0.39% +0.39
PRM Perimeter Solutions SA New 0.38% +0.38
DDOG Datadog Inc. Class A New 0.38% +0.38
FCX Freeport-McMoran Inc. New 0.36% +0.36
SPOT Spotify Technology SA Add +43.6% 0.72% +0.36
CRM Salesforce Inc. New 0.36% +0.36
MLM Martin Marietta Materials New 0.36% +0.36
DXCM Dexcom Inc. New 0.36% +0.36
ROP Roper Technologies Inc. New 0.36% +0.36
NKE Nike Inc. Class B New 0.36% +0.36
NFLX Netflix Inc. New 0.36% +0.36
TEAM Atlassian Corp. Class A New 0.35% +0.35
INTU Intuit Inc. New 0.35% +0.35
PGR Progressive Corp. New 0.35% +0.35
LLY Eli Lilly & Co. New 0.35% +0.35
ESTC Elastic NV New 0.34% +0.34
SNPS Synopsys Inc. New 0.34% +0.34
THC Tenet Healthcare Corp. New 0.34% +0.34
UNP Union Pacific Corp. Add +30.9% 0.70% +0.17
BRZE Braze Inc. Class A Add +35.0% 0.41% +0.05
SPGI S&P Global Inc. Add +1.9% 0.88% −0.01
ADBE Adobe Inc. Add +14.3% 0.69% −0.02

Notes & Other Activity Q4 2023 → Q1 2024
JWSWF Jaws Mustang Acq C -CW26 *W EXP 01/30/202 New 10,000 $2K

Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 0$0
Q1 2026 2$3.0MINVE, TACT
Q4 2025 2$3.5MINVE, TACT
Q3 2025 12$15.3MLQDA, FRNM, INVE, TACT, FENC
Q2 2025 20$33.3MCHYM, LQDA, FRNM, INVE, INFU
Q1 2025 53$86.2MAMZN, LQDA, MSFT, ARAY, META
Q4 2024 57$115.0MPENN, AMZN, MSFT, INFU, NVDA
Q3 2024 73$124.1MPENN, TBCH, AMZN, ENZB, GOOG
Q2 2024 87$124.4MPENN, AMZN, MSFT, TBCH, ENZB
Q1 2024 78$145.3MTBCH, AMZN, MSFT, ENZB, INVE