Hotchkis & Wiley Capital Management LLC

In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Hotchkis & Wiley Capital Management LLC reported 469 stock positions worth $30.8 billion. Its top holding was F5 (FFIV) at 5.0% of the portfolio, followed by Workday Class A (WDAY, 3.1%) and Citigroup (C, 3.0%). Compared with Q1 2025, it opened 12 new positions, sold out of 8, added to 290 and reduced 162. The biggest buy was Omnicom (OMC, shares +437%) and the biggest sale Bank of New York Mellon (BNY, shares −96%).

Most Recent 13F
Q2 2026
Location
Los Angeles, CA
CIK
0001164833
Portfolio Value
$30.8B (Q2 2025)
SEC Filing
0001172661-25-003239 ↗ filed Aug 14, 2025

Holdings Value

0$10.0B$20.0B$30.0B$40.0B Q1 2024: $30.0B Q1 2024 Q2 2024: $28.6B Q2 2024 Q3 2024: $30.1B Q3 2024 Q4 2024: $30.0B Q4 2024 Q1 2025: $29.9B Q1 2025 Q2 2025: $30.8B $30.8B Q2 2025 Q3 2025: $32.2B Q3 2025 Q4 2025: $33.4B Q4 2025 Q1 2026: $32.3B Q1 2026 Q2 2026: $34.3B Q2 2026

Holdings 469 stocks · $30.8B

FFIV F5 Inc. 4.99% 5,229,200 $1.5B Reduce -2.9%
WDAY Workday Inc. Class A 3.08% 3,960,100 $950.4M Add +13.8%
C Citigroup Inc. 3.00% 10,846,698 $923.3M Reduce -14.3%
ERIC Ericsson (lm) Tel-SP ADR filed as TELEFONAKTIEBOLAGET LM ERICS 2.67% 97,029,167 $822.8M Reduce -10.3%
CMCSA Comcast Corp. Class A 2.43% 20,953,997 $747.8M Add +6.6%
WFC Wells Fargo & Co. 2.35% 9,041,329 $724.4M Reduce -7.9%
AIG American International Group 2.34% 8,409,311 $719.8M Reduce -7.7%
D Dominion Energy Inc. 2.15% 11,725,866 $662.7M Add +10.1%
APA Apa Corp. 2.14% 36,042,592 $659.2M Reduce -1.1%
GM General Motors Co. 2.04% 12,772,666 $628.5M Reduce -0.4%
ELV Elevance Health Inc. 1.79% 1,418,442 $551.7M Reduce -20.2%
GEHC GE Healthcare Technology 1.73% 7,199,546 $533.3M Add +25.2%
STT State Street Corp. 1.71% 4,949,717 $526.4M Reduce -2.4%
MDT Medtronic PLC 1.68% 5,931,921 $517.1M Reduce -4.8%
CMI Cummins Inc. 1.63% 1,532,738 $502.0M Add +15.8%
NOV Nov Inc. 1.61% 39,914,272 $496.1M Reduce -1.4%
MGA Magna International Inc. 1.56% 12,441,846 $480.4M Reduce -1.1%
FDX FedEx Corp. 1.56% 2,112,499 $480.2M Add +4.0%
SHEL Shell PLC-ADR 1.47% 6,412,128 $451.5M Reduce -13.8%
USB US Bancorp 1.46% 9,967,022 $451.0M Reduce -0.6%
GOOGL Alphabet Inc. Class A 1.40% 2,451,872 $432.1M Reduce -0.9%
KHC The Kraft Heinz Co. 1.29% 15,412,106 $397.9M Reduce -1.2%
PPG PPG Industries Inc. 1.26% 3,411,050 $388.0M Add +193.3%
CVS CVS Health Corp. 1.24% 5,543,244 $382.4M Reduce -28.7%
CFG Citizens Financial Group 1.24% 8,523,715 $381.4M Reduce -1.6%
OMC Omnicom Group 1.21% 5,163,161 $371.4M Add +436.8%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 1.18% 10,769,652 $364.0M Add +79.7%
WPP WPP PLC-Sponsored ADR 1.15% 10,138,902 $355.0M Add +50.9%
HUM Humana Inc. 1.10% 1,388,446 $339.4M Add +12.3%
FIS Fidelity National Info Serv 1.09% 4,144,792 $337.4M Reduce -37.8%
OVV Ovintiv Inc. 1.09% 8,843,655 $336.5M Add +4.8%
PPL PPL Corp. 1.09% 9,866,545 $334.4M Reduce -27.1%
BKR Baker Hughes Co. 1.08% 8,644,869 $331.4M Add +68.5%
PCAR Paccar Inc. 1.03% 3,355,168 $318.9M Add +56.9%
APTV Aptiv PLC 1.00% 4,502,432 $307.2M Add +2.3%
HCA HCA Healthcare Inc. 0.98% 784,607 $300.6M Reduce -1.4%
CNH CNH Industrial NV 0.93% 22,228,784 $288.1M Reduce -1.1%
CRBG Corebridge Financial Inc. 0.89% 7,695,857 $273.2M Reduce -0.8%
HIG Hartford Insurance Group Inc. 0.87% 2,123,919 $269.5M Reduce -9.5%
TEL Te Connectivity PLC 0.87% 1,597,083 $269.4M Reduce -0.9%
BAC Bank of America Corp. filed as BANK AMERICA CORP 0.87% 5,636,946 $266.7M Add +26.6%
OLN Olin Corp. 0.78% 12,028,758 $241.7M Reduce -1.3%
WBD Warner Bros Discovery Inc. 0.73% 19,671,601 $225.4M Reduce -3.7%
COF Capital One Financial Corp. 0.73% 1,055,814 $224.6M Reduce -1.3%
UNH Unitedhealth Group Inc. 0.70% 694,370 $216.6M New
STZ Constellation Brands Inc. Class A 0.69% 1,312,910 $213.6M New
TFC Truist Financial Corp. 0.68% 4,891,789 $210.3M Add +12.6%
NSC Norfolk Southern Corp. 0.68% 818,623 $209.5M Reduce -0.6%
CI The Cigna Group 0.65% 610,445 $201.8M Reduce -10.2%
SWK Stanley Black & Decker Inc. 0.63% 2,848,646 $193.0M Add +125.9%
FCNCA First Citizens Bcshs Class A 0.62% 97,330 $190.4M Add +123.3%
FLR Fluor Corp. 0.61% 3,641,697 $186.7M Reduce -0.1%
COP Conocophillips 0.60% 2,060,520 $184.9M Add +1.5%
BA The Boeing Co. 0.58% 853,447 $178.8M Reduce -21.4%
GSK GSK PLC-Spon ADR 0.57% 4,556,621 $175.0M Reduce -1.8%
UL Unilever PLC 0.57% 2,848,099 $174.2M Reduce -43.0%
GD General Dynamics Corp. 0.52% 551,612 $160.9M Add +35.7%
ZBH Zimmer Biomet Holdings Inc. 0.48% 1,629,187 $148.6M Reduce -1.0%
PARAA Paramount Global Class B 0.48% 11,415,374 $147.3M Reduce -0.0%
CNC Centene Corp. 0.47% 2,663,875 $144.6M Reduce -17.1%
LAD Lithia Motors Inc. 0.45% 411,339 $139.0M Add +9.3%
SOLV Solventum Corp. 0.44% 1,804,044 $136.8M Reduce -1.0%
MSFT Microsoft Corp. 0.44% 274,505 $136.5M Add +88.6%
TKR Timken Co. 0.44% 1,865,497 $135.3M Reduce -6.3%
UHAL.B U-Haul Holding Co.-Non Voting 0.43% 2,449,309 $133.2M Add +7.6%
CAG Conagra Brands Inc. 0.40% 5,992,903 $122.7M Reduce -2.3%
MUR Murphy Oil Corp. 0.39% 5,308,962 $119.5M Add +10.3%
BPOP Popular Inc. 0.36% 993,767 $109.5M Reduce -17.4%
GS Goldman Sachs Group Inc. 0.35% 150,745 $106.7M Add +31.9%
JLL Jones Lang Lasalle Inc. 0.35% 416,772 $106.6M Add +35.5%
SNY Sanofi-ADR 0.34% 2,177,705 $105.2M Reduce -1.5%
DE Deere & Co. 0.33% 202,800 $103.1M Reduce -0.9%
AVT Avnet Inc. 0.33% 1,909,803 $101.4M Reduce -26.0%
LH Labcorp Holdings Inc. 0.33% 383,986 $100.8M Reduce -1.3%
EEFT Euronet Worldwide Inc. 0.31% 927,707 $94.1M Reduce -13.3%
ECVT Ecovyst Inc. 0.30% 11,218,795 $92.3M Reduce -11.1%
BWA Borgwarner Inc. 0.30% 2,748,879 $92.0M Reduce -1.4%
STGW Stagwell Inc. 0.29% 20,114,146 $90.5M Add +11.9%
RTX RTX Corp. 0.28% 596,691 $87.1M Reduce -66.1%
BUD Anheuser-Busch Inbev-SPN ADR 0.27% 1,230,440 $84.6M Reduce -55.9%
CTSH Cognizant Tech Solutions-A 0.27% 1,077,242 $84.1M Reduce -0.8%
VAC Marriott Vacations World 0.25% 1,081,360 $78.2M Reduce -5.1%
FHB First Hawaiian Inc. 0.25% 3,110,906 $77.6M Reduce -2.4%
SLM SLM Corp. 0.25% 2,321,476 $76.1M Reduce -6.0%
FTV Fortive Corp. 0.21% 1,216,900 $63.4M New
ADNT Adient PLC 0.21% 3,251,560 $63.3M Reduce -27.8%
DOX Amdocs Ltd. 0.20% 685,364 $62.5M Reduce -1.9%
HII Huntington Ingalls Industrie 0.19% 246,820 $59.6M Reduce -2.3%
LEA Lear Corp. 0.19% 617,666 $58.7M Add +14.3%
WEX Wex Inc. 0.18% 385,118 $56.6M Add +0.9%
LIVN Livanova PLC 0.17% 1,159,180 $52.2M Add +15.6%
SF Stifel Financial Corp. 0.16% 474,559 $49.2M Add +17.4%
SAH Sonic Automotive Inc. Class A 0.15% 566,120 $45.2M Reduce -14.1%
NTB Bank of N.T. Butterfield&son 0.14% 965,370 $42.7M Reduce -1.9%
BCO The Brink's Co. 0.13% 444,233 $39.7M Reduce -4.9%
OGE Oge Energy Corp. 0.13% 873,244 $38.8M Add +3.3%
MAN Manpowergroup Inc. 0.12% 908,856 $36.7M Add +5.0%
KOS Kosmos Energy Ltd. 0.12% 21,210,674 $36.5M Reduce -16.9%
HMN Horace Mann Educators 0.12% 841,405 $36.2M Reduce -2.2%
RUSHA Rush Enterprises Inc. Class A 0.11% 680,548 $35.1M Add +16.3%
GLW Corning Inc. 0.11% 662,952 $34.9M Reduce -1.2%
ASB Associated Banc-Corp. 0.11% 1,399,923 $34.1M Add +8.1%
EFOR Everforth Inc. filed as ASGN INC 0.11% 676,923 $33.8M Add +6.9%
AVA Avista Corp. 0.11% 885,029 $33.6M Reduce -7.9%
GBLI Global Indemnity Group LLC-A 0.10% 987,563 $31.0M Reduce -1.1%
GIS General Mills Inc. 0.09% 521,875 $27.0M Reduce -1.3%
MDU Mdu Resources Group Inc. 0.08% 1,537,550 $25.6M Add +110.3%
BTE Baytex Energy Corp. 0.08% 13,299,510 $23.8M Add +10.8%
ATMU Atmus Filtration Technologie 0.07% 613,058 $22.3M Reduce -9.2%
BRSL Brightstar Lottery PLC filed as INTERNATIONAL GAME TECHNOLOG 0.07% 1,407,508 $22.3M Reduce -1.1%
NCMI National Cinemedia Inc. 0.07% 4,582,937 $22.2M Reduce -26.4%
BKH Black Hills Corp. 0.07% 388,105 $21.8M Reduce -6.9%
GBX Greenbrier Companies Inc. 0.07% 466,032 $21.5M Reduce -18.1%
CRGY Crescent Energy Inc. Class A 0.07% 2,492,221 $21.4M Add +20.2%
XPRO Expro Group Holdings NV 0.07% 2,438,177 $20.9M Add +18.9%
MLR Miller Industries Inc. 0.07% 464,198 $20.6M Add +4.7%
PARR Par Pacific Holdings Inc. 0.07% 767,140 $20.4M Reduce -5.6%
RAL Ralliant Corp. 0.06% 405,627 $19.7M New
MDLZ Mondelez International Inc. Class A 0.06% 288,280 $19.4M Add +30.2%
ODP The Odp Corp. filed as THE ODP CORP 0.06% 1,066,363 $19.3M Reduce -1.6%
MLKN Millerknoll Inc. 0.06% 958,422 $18.6M Add +14.1%
NEXT Nextdecade Corp. 0.06% 1,923,380 $17.1M Reduce -16.9%
TSM Taiwan Semiconductor-SP ADR 0.06% 74,969 $17.0M New
WAFD Wafd Inc. 0.06% 578,638 $16.9M Add +4.9%
DK Delek US Holdings Inc. 0.05% 795,780 $16.9M Add +9.5%
ARW Arrow Electronics Inc. 0.05% 131,487 $16.8M Reduce -64.5%
HCSG Healthcare Services Group 0.05% 1,070,070 $16.1M Reduce -10.1%
VGLT Vanguard Long-Term Treasury 0.05% 281,000 $15.8M New
PM Philip Morris International 0.05% 85,760 $15.6M Reduce -35.7%
CVI CVR Energy Inc. 0.05% 577,480 $15.5M Reduce -1.7%
NXT Nextpower Inc. filed as NEXTRACKER INC 0.05% 283,430 $15.4M Reduce -45.7%
CWK Cushman & Wakefield UK Holdc 0.05% 1,386,088 $15.3M Add +38.3%
CNOB Connectone Bancorp Inc. 0.05% 646,737 $15.0M Add +26.4%
SCSC Scansource Inc. 0.05% 357,246 $14.9M Add +6.2%
REZI Resideo Technologies Inc. 0.05% 674,990 $14.9M Add +1.4%
PEB Pebblebrook Hotel Trust 0.05% 1,476,130 $14.7M Add +22.2%
BFH Bread Financial Holdings Inc. 0.05% 257,870 $14.7M Add +23.2%
REX Rex American Resources Corp. 0.05% 300,353 $14.6M Reduce -0.7%
NMIH Nmi Holdings Inc. filed as NMI HLDGS INC 0.05% 345,410 $14.6M Add +12.7%
PBF PBF Energy Inc. Class A 0.05% 670,156 $14.5M Add +33.6%
TNL Travel + Leisure Co. 0.05% 276,173 $14.3M Add +16.8%
VBTX Veritex Holdings Inc. 0.05% 545,650 $14.2M Add +11.0%
KFY Korn Ferry 0.05% 193,824 $14.2M Reduce -34.9%
SRG Seritage Growth Prop- A 0.05% 4,599,220 $14.2M Reduce -2.1%
HGV Hilton Grand Vacations Inc. 0.05% 339,130 $14.1M Add +18.8%
WKC World Kinect Corp. 0.05% 493,891 $14.0M Add +8.1%
NAVI Navient Corp. 0.05% 992,666 $14.0M Add +9.4%
TITN Titan Machinery Inc. 0.05% 702,770 $13.9M Add +0.1%
RDN Radian Group Inc. 0.04% 382,840 $13.8M Reduce -0.5%
WCC Wesco International Inc. 0.04% 74,340 $13.8M Add +169.6%
MEI Methode Electronics Inc. 0.04% 1,443,210 $13.7M Reduce -7.1%
TALO Talos Energy Inc. 0.04% 1,610,580 $13.7M Add +15.8%
CXT Crane NXT Co. 0.04% 253,217 $13.6M Add +21.6%
BC Brunswick Corp. 0.04% 246,704 $13.6M Add +22.8%
FHI Federated Hermes Inc. 0.04% 307,097 $13.6M Reduce -10.7%
CFFN Capitol Federal Financial Inc. 0.04% 2,229,920 $13.6M Add +6.8%
BKU Bankunited Inc. 0.04% 380,574 $13.5M Add +17.1%
PII Polaris Inc. 0.04% 332,804 $13.5M Add +15.1%
HAFC Hanmi Financial Corporation 0.04% 547,609 $13.5M Add +9.5%
SIGA Siga Technologies Inc. 0.04% 2,067,760 $13.5M Reduce -34.5%
JBI Janus International Group Inc. 0.04% 1,654,470 $13.5M Add +6.6%
HTBK Heritage Commerce Corp. 0.04% 1,355,840 $13.5M Add +6.1%
KMPR Kemper Corp. 0.04% 207,226 $13.4M Add +3.7%
OCFC Oceanfirst Financial Corp. 0.04% 757,620 $13.3M Add +3.3%
HOPE Hope Bancorp Inc. 0.04% 1,240,488 $13.3M Add +8.4%
VRTS Virtus Investment Partners 0.04% 73,170 $13.3M Add +14.6%
BUSE First Busey Corp. 0.04% 579,327 $13.3M Reduce -37.0%
PFS Provident Financial Services 0.04% 753,394 $13.2M Add +8.4%
MSM MSC Industrial Direct Co. Class A 0.04% 155,121 $13.2M Reduce -4.2%
SRCE 1ST Source Corp. 0.04% 211,887 $13.2M Add +39.9%
THR Thermon Group Holdings Inc. 0.04% 467,784 $13.1M Add +1.2%
NOG Northern Oil and Gas Inc. 0.04% 461,586 $13.1M Add +22.8%
ST Sensata Technologies Holdplc 0.04% 434,154 $13.1M Reduce -13.2%
AIN Albany Intl Corp. Class A 0.04% 186,092 $13.1M Add +19.0%
ESNT Essent Group Ltd. 0.04% 214,758 $13.0M Reduce -4.8%
SSTK Shutterstock Inc. 0.04% 686,500 $13.0M Add +27.4%
SIG Signet Jewelers Ltd. 0.04% 163,576 $13.0M Reduce -9.5%
BANC Banc of California Inc. 0.04% 922,844 $13.0M Add +18.8%
WSBC Wesbanco Inc. 0.04% 409,818 $13.0M Add +13.0%
PK Park Hotels & Resorts Inc. 0.04% 1,255,410 $12.8M Add +31.8%
WNC Wabash National Corp. 0.04% 1,199,469 $12.8M Add +27.1%
PPBI Pacific Premier Bancorp Inc. 0.04% 604,452 $12.7M Add +20.3%
PFBC Preferred Bank/Los Angeles 0.04% 147,150 $12.7M Add +1.9%
HTH Hilltop Holdings Inc. 0.04% 418,720 $12.7M Reduce -0.7%
TXNM TXNM Energy Inc. 0.04% 225,358 $12.7M Reduce -12.9%
TPC Tutor Perini Corp. 0.04% 270,979 $12.7M Add +3.3%
PRKS United Parks & Resorts Inc. 0.04% 268,258 $12.6M Add +3.3%
GNTX Gentex Corp. 0.04% 574,196 $12.6M Add +10.5%
ACT Enact Holdings Inc. 0.04% 337,650 $12.5M Reduce -10.3%
THG Hanover Insurance Group Inc./ 0.04% 73,645 $12.5M Add +23.1%
MYE Myers Industries Inc. 0.04% 862,560 $12.5M Add +5.9%
SFNC Simmons First Natl Corp. Class A 0.04% 658,814 $12.5M Add +13.8%
BROOKLINE BANCORP INC 0.04% 1,178,474 $12.4M Add +10.8%
WTM White Mountains Insurance GP 0.04% 6,869 $12.3M Reduce -0.3%
SWX Southwest Gas Holdings Inc. 0.04% 164,970 $12.3M Reduce -6.5%
MMS Maximus Inc. 0.04% 174,685 $12.3M Reduce -7.5%
EGY Vaalco Energy Inc. 0.04% 3,396,890 $12.3M Add +20.2%
HOG Harley-Davidson Inc. 0.04% 518,442 $12.2M Add +6.1%
BLMN Bloomin' Brands Inc. 0.04% 1,420,295 $12.2M Add +33.7%
ACHC Acadia Healthcare Co. Inc. 0.04% 537,810 $12.2M Add +133.8%
INVX Innovex International Inc. 0.04% 779,990 $12.2M Add +7.1%
TRS Trimas Corp. 0.04% 424,550 $12.1M Add +8.3%
WASH Washington Trust Bancorp 0.04% 427,210 $12.1M Add +10.6%
RMR RMR Group Inc./the - A 0.04% 737,090 $12.1M Add +9.0%
VSH Vishay Intertechnology Inc. 0.04% 758,430 $12.0M Add +2.5%
MBIN Merchants Bancorp 0.04% 362,520 $12.0M Add +20.6%
EGBN Eagle Bancorp Inc. 0.04% 612,170 $11.9M Add +11.6%
FFIC Flushing Financial Corp. 0.04% 998,238 $11.9M Add +18.9%
CNO Cno Financial Group Inc. 0.04% 306,373 $11.8M Reduce -52.7%
INMD Inmode Ltd. 0.04% 817,920 $11.8M Add +14.4%
VTLE Vital Energy Inc. 0.04% 732,840 $11.8M Add +45.8%
SON Sonoco Products Co. 0.04% 270,408 $11.8M Reduce -0.8%
HTO H2O America 0.04% 225,490 $11.7M Add +5.0%
GTES Gates Industrial Corp. UK Ltd. 0.04% 508,240 $11.7M Add +17.6%
WOR Worthington Enterprises Inc. 0.04% 183,030 $11.6M Reduce -22.1%
ESRT Empire State Realty Trust-A 0.04% 1,438,430 $11.6M Add +17.1%
FLG Flagstar Bank NA 0.04% 1,095,202 $11.6M Add +6.3%
BNY Bank of New York Mellon Corp. filed as BANK NEW YORK MELLON CORP 0.04% 125,970 $11.5M Reduce -96.3%
GIC Global Industrial Co. 0.04% 422,254 $11.4M Add +5.2%
HI Hillenbrand Inc. 0.04% 568,182 $11.4M Add +34.8%
POR Portland General Electric Co. 0.04% 280,652 $11.4M Reduce -6.2%
PLOW Douglas Dynamics Inc. 0.04% 386,400 $11.4M Add +1.8%
THO Thor Industries Inc. 0.04% 127,940 $11.4M Add +30.1%
IPGP Ipg Photonics Corp. 0.04% 165,365 $11.4M Reduce -13.0%
KFRC Kforce Inc. 0.04% 273,771 $11.3M Add +14.5%
SR Spire Inc. 0.04% 154,139 $11.3M Reduce -16.9%
CRC California Resources Corp. 0.04% 245,850 $11.2M Add +7.8%
VC Visteon Corp. 0.04% 120,329 $11.2M Reduce -21.5%
FG F&G Annuities & Life Inc. 0.04% 348,880 $11.2M Add +32.6%
NWN Northwest Natural Holding Co. 0.04% 275,580 $10.9M Reduce -16.5%
MTG Mgic Investment Corp. 0.04% 392,550 $10.9M Add +4.9%
NWE Northwestern Energy Group Inc. 0.04% 211,979 $10.9M Reduce -12.0%
ATKR Atkore Inc. 0.03% 152,300 $10.7M Add +10.3%
LAUR Laureate Education Inc. 0.03% 459,460 $10.7M Add +34.8%
HSII Heidrick & Struggles Intl 0.03% 234,661 $10.7M Add +3.6%
AWI Armstrong World Industries 0.03% 65,870 $10.7M Add +51.1%
PLUS Eplus Inc. 0.03% 148,064 $10.7M Add +4.7%
TRST Trustco Bank Corp. NY 0.03% 318,372 $10.6M Add +1.9%
NFBK Northfield Bancorp Inc. 0.03% 926,791 $10.6M Add +3.3%
HVT Haverty Furniture 0.03% 521,190 $10.6M Add +17.1%
FOXF Fox Factory Holding Corp. 0.03% 405,360 $10.5M Add +9.8%
LNN Lindsay Corp. 0.03% 72,670 $10.5M Reduce -6.7%
ADEA Adeia Inc. 0.03% 736,640 $10.4M Reduce -1.3%
KLG WK Kellogg Co. 0.03% 652,810 $10.4M Reduce -8.2%
PUMP Propetro Holding Corp. 0.03% 1,740,090 $10.4M Add +58.6%
INDB Independent Bank Corp. 0.03% 162,520 $10.2M Add +5.9%
UVSP Univest Financial Corp. 0.03% 338,330 $10.2M Add +9.7%
WU Western Union Co. 0.03% 1,206,242 $10.2M Add +2.3%
MCRI Monarch Casino & Resort Inc. 0.03% 116,420 $10.1M Add +58.2%
CPF Central Pacific Financial Co. 0.03% 356,510 $10.0M Add +6.8%
SLGN Silgan Holdings Inc. 0.03% 184,252 $10.0M Reduce -0.9%
EFSC Enterprise Financial Service 0.03% 181,170 $10.0M Add +12.2%
TNC Tennant Co. 0.03% 128,740 $10.0M Add +11.6%
FIBK First Interstate Bancsys-A 0.03% 344,070 $9.9M Add +7.9%
OBK Origin Bancorp Inc. 0.03% 276,360 $9.9M Add +10.9%
FISI Financial Institutions Inc. 0.03% 384,248 $9.9M Add +10.3%
OXM Oxford Industries Inc. 0.03% 244,675 $9.8M Add +46.6%
NSP Insperity Inc. 0.03% 163,208 $9.8M Add +0.2%
HBNC Horizon Bancorp Inc. 0.03% 636,080 $9.8M Add +10.3%
NBBK NB Bancorp Inc. 0.03% 546,510 $9.8M Add +3.7%
SCS Steelcase Inc. Class A 0.03% 932,240 $9.7M Add +1.6%
TCBK Trico Bancshares 0.03% 239,820 $9.7M Add +8.8%
HIFS Hingham Institution for SVGS 0.03% 38,970 $9.7M Add +3.5%
DRH Diamondrock Hospitality Co. 0.03% 1,263,260 $9.7M Add +11.1%
LOB Live Oak Bancshares Inc. 0.03% 324,348 $9.7M Add +105.8%
PLXS Plexus Corp. 0.03% 71,427 $9.7M Reduce -25.1%
TGNA Tegna Inc. 0.03% 571,680 $9.6M Reduce -0.3%
DENN Denny's Corp. 0.03% 2,316,990 $9.5M Add +38.7%
GPI Group 1 Automotive Inc. 0.03% 21,688 $9.5M Add +5.9%
KRNY Kearny Financial Corp. 0.03% 1,465,680 $9.5M Add +14.7%
TPH Tri Pointe Homes Inc. 0.03% 296,020 $9.5M Add +8.5%
VLY Valley National Bancorp 0.03% 1,054,938 $9.4M Add +9.8%
BBT Beacon Financial Corp. filed as BERKSHIRE HILLS BANCORP INC 0.03% 375,000 $9.4M Add +8.3%
ABM Abm Industries Inc. 0.03% 198,678 $9.4M Add +5.6%
COLB Columbia Banking System Inc. 0.03% 398,672 $9.3M Add +13.8%
ACEL Accel Entertainment Inc. 0.03% 791,630 $9.3M Add +41.4%
PGC Peapack Gladstone Finl Corp. 0.03% 328,810 $9.3M Add +22.0%
PLAB Photronics Inc. 0.03% 492,430 $9.3M Reduce -14.4%
FFWM First Foundation Inc. 0.03% 1,794,732 $9.2M Add +11.9%
HUN Huntsman Corp. 0.03% 873,046 $9.1M Reduce -7.5%
ACDC Profrac Holding Corp. Class A 0.03% 1,161,900 $9.0M Add +26.9%
CON Concentra Group Holdings Par 0.03% 437,639 $9.0M Add +74.4%
EIG Employers Holdings Inc. 0.03% 189,775 $9.0M Reduce -4.5%
WTTR Select Water Solutions Inc. 0.03% 1,029,180 $8.9M Add +33.0%
AMWD American Woodmark Corp. 0.03% 166,040 $8.9M Add +35.0%
SEM Select Medical Holdings Corp. 0.03% 578,810 $8.8M Add +80.6%
RGP Resources Connection Inc. 0.03% 1,633,331 $8.8M Add +37.5%
OIS Oil States International Inc. filed as OIL STS INTL INC 0.03% 1,625,190 $8.7M Add +47.4%
AMTB Amerant Bancorp Inc. 0.03% 475,560 $8.7M Add +11.5%
STC Stewart Information Services 0.03% 133,100 $8.7M Reduce -9.5%
JBSS John B. Sanfilippo & Son Inc. filed as SANFILIPPO JOHN B & SON INC 0.03% 136,950 $8.7M Add +8.0%
ESGR Enstar Group Ltd. 0.03% 25,629 $8.6M Reduce -3.9%
DIOD Diodes Inc. 0.03% 162,921 $8.6M Reduce -22.0%
ANDE The Andersons Inc. 0.03% 232,720 $8.6M Add +0.9%
OTTR Otter Tail Corp. 0.03% 110,665 $8.5M Reduce -6.4%
SIGI Selective Insurance Group 0.03% 98,290 $8.5M Add +27.4%
TBI Trueblue Inc. 0.03% 1,307,990 $8.5M Add +30.8%
ONEW Onewater Marine Inc. Class A 0.03% 632,150 $8.5M Add +38.8%
LBRT Liberty Energy Inc. 0.03% 735,646 $8.4M Add +30.1%
BLBD Blue Bird Corp. 0.03% 195,550 $8.4M Add +7.5%
SNV Synovus Financial Corp. 0.03% 163,080 $8.4M Reduce -4.5%
RES RPC Inc. 0.03% 1,780,760 $8.4M Add +14.8%
AMPH Amphastar Pharmaceuticals Inc. 0.03% 365,920 $8.4M Add +35.5%
GT Goodyear Tire & Rubber Co. 0.03% 801,090 $8.3M Reduce -15.4%
KE Kimball Electronics Inc. 0.03% 430,090 $8.3M Add +13.5%
APOG Apogee Enterprises Inc. 0.03% 203,540 $8.3M Add +5.4%
AAP Advance Auto Parts Inc. 0.03% 175,280 $8.1M Add +26.3%
EVR Evercore Inc. Class A 0.03% 29,970 $8.1M New
KNF Knife River Corp. 0.03% 98,840 $8.1M Add +52.1%
SANM Sanmina Corp. 0.03% 80,566 $7.9M Add +7.3%
ITRI Itron Inc. 0.03% 59,595 $7.8M Reduce -1.2%
OSIS Osi Systems Inc. 0.03% 34,700 $7.8M Add +7.5%
HELE Helen of Troy Ltd. 0.03% 273,020 $7.7M Add +21.8%
CATY Cathay General Bancorp 0.02% 166,699 $7.6M Add +18.5%
GTM Zoominfo Technologies Inc. 0.02% 744,550 $7.5M Add +14.5%
THFF First Financial Corp. 0.02% 136,747 $7.4M Add +6.8%
LEG Leggett & Platt Inc. 0.02% 830,140 $7.4M Reduce -15.9%
ASTH Astrana Health Inc. 0.02% 292,440 $7.3M Add +63.0%
KMT Kennametal Inc. 0.02% 316,150 $7.3M Add +7.7%
HZO Marinemax Inc. 0.02% 287,520 $7.2M Add +34.5%
ALLY Ally Financial Inc. 0.02% 185,236 $7.2M Add +0.0%
JOUT Johnson Outdoors Inc. Class A 0.02% 237,280 $7.2M Add +12.2%
NGVT Ingevity Corp. 0.02% 166,560 $7.2M Add +14.2%
NVST Envista Holdings Corp. 0.02% 366,800 $7.2M Add +19.4%
NRIM Northrim Bancorp Inc. 0.02% 76,708 $7.2M Add +6.8%
IMXI International Money Express 0.02% 708,470 $7.1M Add +31.8%
LNC Lincoln National Corp. 0.02% 203,430 $7.0M Add +2.5%
IIIN Insteel Industries Inc. 0.02% 188,320 $7.0M Reduce -21.6%
TMP Tompkins Financial Corp. 0.02% 111,065 $7.0M Add +8.7%
JELD Jeld-Wen Holding Inc. 0.02% 1,770,830 $6.9M Add +48.8%
CASS Cass Information Systems Inc. 0.02% 159,390 $6.9M Add +12.4%
GSBC Great Southern Bancorp Inc. 0.02% 117,660 $6.9M Add +10.8%
SHOO Steven Madden Ltd. filed as MADDEN STEVEN LTD 0.02% 288,076 $6.9M Add +16.0%
VNT Vontier Corp. 0.02% 186,310 $6.9M Add +8.1%
GRBK Green Brick Partners Inc. 0.02% 108,791 $6.8M Reduce -1.4%
EE Excelerate Energy Inc. Class A 0.02% 233,270 $6.8M Reduce -1.9%
MBWM Mercantile Bank Corp. 0.02% 147,340 $6.8M Add +12.2%
LOCO El Pollo Loco Holdings Inc. 0.02% 618,990 $6.8M Add +7.5%
HFWA Heritage Financial Corp. 0.02% 283,970 $6.8M Reduce -2.7%
BRSP Brightspire Capital Inc. 0.02% 1,335,237 $6.7M Add +9.4%
INSW International Seaways Inc. 0.02% 184,760 $6.7M Add +17.2%
WHD Cactus Inc. Class A 0.02% 153,940 $6.7M Reduce -8.5%
UHS Universal Health Services-B 0.02% 37,004 $6.7M Reduce -18.1%
ASIX Advansix Inc. 0.02% 281,880 $6.7M Add +23.9%
BHRB Burke & Herbert Financial SE 0.02% 112,000 $6.7M Add +9.1%
CTBI Community Trust Bancorp Inc. 0.02% 125,694 $6.7M Reduce -4.2%
ALX Alexander's Inc. 0.02% 29,450 $6.6M Reduce -13.2%
PRLB Proto Labs Inc. 0.02% 165,520 $6.6M Add +8.8%
CAC Camden National Corp. 0.02% 162,836 $6.6M Add +10.4%
ARI Apollo Commercial Real Estat 0.02% 677,940 $6.6M Reduce -13.1%
DHIL Diamond Hill Investment Grp 0.02% 45,145 $6.6M Add +2.5%
SMBC Southern Missouri Bancorp 0.02% 119,190 $6.5M Add +10.7%
CCNE CNB Financial Corp. 0.02% 281,880 $6.4M Add +9.9%
PHIN Phinia Inc. 0.02% 144,790 $6.4M Add +14.2%
MOFG Midwestone Financial Group I 0.02% 223,310 $6.4M Reduce -1.8%
AGO Assured Guaranty Ltd. 0.02% 73,363 $6.4M Add +3.5%
UTMD Utah Medical Products Inc. 0.02% 111,950 $6.4M Add +10.1%
MHO M/I Homes Inc. 0.02% 56,715 $6.4M Add +2.7%
PVH PVH Corp. 0.02% 92,650 $6.4M Add +9.6%
SNDR Schneider National Inc. Class B 0.02% 262,220 $6.3M Add +142.3%
CMCO Columbus McKinnon Corp. 0.02% 414,600 $6.3M Add +43.9%
UNF Unifirst Corp. 0.02% 33,185 $6.2M Add +10.6%
CENT Central Garden & Pet Co. 0.02% 176,540 $6.2M Reduce -9.3%
ABG Asbury Automotive Group 0.02% 25,992 $6.2M Add +16.7%
QUAD Quad Graphics Inc. 0.02% 1,094,360 $6.2M Reduce -2.0%
VOD Vodafone Group PLC-SP ADR 0.02% 578,704 $6.2M Reduce -8.6%
LEGH Legacy Housing Corp. 0.02% 270,490 $6.1M Add +9.2%
MSBI Midland States Bancorp Inc. 0.02% 353,820 $6.1M Add +16.5%
ACRE Ares Commercial Real Estate 0.02% 1,278,840 $6.1M Add +16.8%
MMI Marcus & Millichap Inc. 0.02% 192,750 $5.9M Add +9.8%
DCOM Dime Commercial Bancshares I filed as DIME CMNTY BANCSHARES INC 0.02% 219,530 $5.9M Add +10.8%
CBT Cabot Corp. 0.02% 78,811 $5.9M Add +9.1%
IOSP Innospec Inc. 0.02% 70,235 $5.9M Add +16.0%
KBH KB Home 0.02% 111,276 $5.9M Add +8.4%
HTLD Heartland Express Inc. 0.02% 667,580 $5.8M Add +14.1%
HURN Huron Consulting Group Inc. 0.02% 41,880 $5.8M Add +66.3%
UTL Unitil Corp. 0.02% 108,600 $5.7M Reduce -3.8%
ANIP Ani Pharmaceuticals Inc. 0.02% 86,610 $5.7M Reduce -20.3%
SAIC Science Applications Inte 0.02% 50,050 $5.6M Add +66.5%
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 0.02% 793,500 $5.6M Add +42.3%
AAT American Assets Trust Inc. 0.02% 281,140 $5.6M Add +0.9%
ASLE Aersale Corp. 0.02% 902,720 $5.4M Add +1.0%
BRY Berry Corp. 0.02% 1,939,140 $5.4M New
NESR National Energy Services Reu 0.02% 890,820 $5.4M Reduce -9.1%
WHR Whirlpool Corp. 0.02% 52,800 $5.4M No change
GIII G-III Apparel Group Ltd. 0.02% 236,960 $5.3M Add +9.0%
CLB Core Laboratories Inc. 0.02% 457,870 $5.3M Add +14.2%
CCS Century Communities Inc. 0.02% 92,800 $5.2M Add +15.7%
CSTM Constellium SE 0.02% 384,370 $5.1M Reduce -2.1%
LGIH Lgi Homes Inc. 0.02% 98,930 $5.1M Add +37.3%
REVG Rev Group Inc. 0.02% 106,670 $5.1M Add +16.2%
SLVM Sylvamo Corp. 0.02% 100,290 $5.0M Add +10.4%
HLF Herbalife Ltd. 0.02% 581,910 $5.0M Reduce -36.9%
WFRD Weatherford International PL 0.02% 98,550 $5.0M New
ENR Energizer Holdings Inc. 0.02% 244,270 $4.9M Add +12.0%
NTRS Northern Trust Corp. 0.02% 38,220 $4.8M Add +0.0%
CRI Carter's Inc. 0.02% 160,150 $4.8M Add +20.0%
EPC Edgewell Personal Care Co. 0.02% 201,540 $4.7M Reduce -23.0%
NRC NRC Health filed as NATIONAL RESH CORP 0.01% 270,950 $4.6M Add +69.4%
PZZA Papa John's Intl Inc. 0.01% 92,580 $4.5M Add +13.7%
PWP Perella Weinberg Partners 0.01% 231,590 $4.5M Reduce -13.3%
BWB Bridgewater Bancshares Inc. 0.01% 280,679 $4.5M Add +6.3%
CMA Comerica Inc. 0.01% 71,236 $4.2M Reduce -3.3%
DOUG Douglas Elliman Inc. 0.01% 1,811,840 $4.2M Add +11.9%
PLAY Dave & Buster's Entertainmen 0.01% 137,500 $4.1M Add +14.4%
AVNW Aviat Networks Inc. 0.01% 170,570 $4.1M Reduce -0.5%
MGRC McGrath Rentcorp 0.01% 34,650 $4.0M Add +2.1%
FHN First Horizon Corp. 0.01% 188,724 $4.0M Add +0.1%
NPK National Presto Inds Inc. 0.01% 40,743 $4.0M Reduce -22.9%
INBK First Internet Bancorp 0.01% 146,765 $3.9M Add +3.0%
CIVB Civista Bancshares Inc. 0.01% 169,190 $3.9M Add +13.9%
MCY Mercury General Corp. 0.01% 57,780 $3.9M Reduce -14.3%
CBNK Capital Bancorp Inc. 0.01% 114,160 $3.8M Add +14.8%
SNCY Sun Country Airlines Holding filed as SUN CTRY AIRLS HLDGS INC 0.01% 325,480 $3.8M Add +37.1%
IPAR Interparfums Inc. 0.01% 28,620 $3.8M Add +10.1%
HBCP Home Bancorp Inc. 0.01% 72,507 $3.8M Add +16.4%
FSTR Foster (lb) Co. Class A 0.01% 171,600 $3.8M Add +17.2%
CNXN PC Connection Inc. 0.01% 57,000 $3.7M Add +6.3%
SHBI Shore Bancshares Inc. 0.01% 237,894 $3.7M Add +6.8%
FMBH First Mid Bancshares Inc. 0.01% 98,620 $3.7M Add +11.2%
CARE Carter Bankshares Inc. 0.01% 213,020 $3.7M Add +17.3%
ORCL Oracle Corp. 0.01% 16,800 $3.7M No change
UFCS United Fire Group Inc. 0.01% 127,020 $3.6M Reduce -13.0%
TOWN Towne Bank 0.01% 106,290 $3.6M Add +5.4%
BSRR Sierra Bancorp 0.01% 121,612 $3.6M No change
GPMT Granite Point Mortgage Trust 0.01% 1,443,837 $3.6M Add +14.6%
BDC Belden Inc. 0.01% 30,785 $3.6M Reduce -71.0%
CVSA Covista Inc. filed as ADTALEM GLOBAL ED INC 0.01% 27,880 $3.5M Add +4.0%
BCAL California Bancorp 0.01% 222,890 $3.5M Add +12.6%
FRME First Merchants Corp. 0.01% 91,358 $3.5M Add +11.4%
BCML Baycom Corp. 0.01% 125,840 $3.5M Reduce -1.1%
RBB RBB Bancorp 0.01% 202,345 $3.5M Add +18.1%
MU Micron Technology Inc. 0.01% 28,200 $3.5M Reduce -98.2%
SPFI South Plains Financial Inc. 0.01% 95,380 $3.4M Add +7.3%
MPB Mid Penn Bancorp Inc. 0.01% 121,850 $3.4M Add +7.5%
BMRC Bank of Marin Bancorp filed as BANK MARIN BANCORP 0.01% 147,450 $3.4M Add +11.9%
CMTG Claros Mortgage Trust Inc. 0.01% 1,173,290 $3.3M Add +55.8%
AZZ Azz Inc. 0.01% 35,370 $3.3M Add +15.9%
NBN Northeast Bank 0.01% 37,259 $3.3M Add +12.1%
PFIS Peoples Financial Services 0.01% 66,990 $3.3M Add +12.8%
MCHB Mechanics Bancorp Class A filed as HOMESTREET INC 0.01% 252,770 $3.3M Add +12.1%
TILE Interface Inc. 0.01% 155,490 $3.3M Reduce -23.5%
AROW Arrow Financial Corp. 0.01% 122,030 $3.2M Add +13.1%
EEX Emerald Holding Inc. 0.01% 660,886 $3.2M Reduce -2.1%
JAZZ Jazz Pharmaceuticals PLC 0.01% 29,760 $3.2M Add +0.1%
EBF Ennis Inc. 0.01% 173,680 $3.2M Add +12.2%
BZH Beazer Homes USA Inc. 0.01% 140,750 $3.1M Add +17.4%
MRTN Marten Transport Ltd. 0.01% 242,070 $3.1M Add +16.2%
BRC Brady Corporation Class A 0.01% 45,790 $3.1M Add +7.6%
FC Franklin Covey Co. 0.01% 130,290 $3.0M Add +39.5%
MGPI MGP Ingredients Inc. 0.01% 98,650 $3.0M Add +13.9%
NRG NRG Energy Inc. 0.01% 17,600 $2.8M Reduce -35.1%
FORR Forrester Research Inc. 0.01% 277,730 $2.7M Add +48.2%
PETS Petmed Express Inc. 0.01% 826,903 $2.7M Reduce -11.1%
AVD American Vanguard Corp. 0.01% 645,420 $2.5M Add +21.1%
STRR Star Equity Holdings Inc. filed as HUDSON GLOBAL INC 0.01% 293,525 $2.5M Reduce -7.9%
AGCO Agco Corp. 0.01% 22,920 $2.4M Reduce -70.2%
KEY Keycorp 0.01% 129,040 $2.2M Reduce -18.3%
NBTB N B T Bancorp Inc. 0.01% 53,669 $2.2M New
FMNB Farmers Natl Banc Corp. 0.01% 154,507 $2.1M Add +5.7%
CPRI Capri Holdings Ltd. 0.01% 108,700 $1.9M No change
HAL Halliburton Co. 0.01% 85,572 $1.7M Add +0.1%
HAIN Hain Celestial Group Inc. 0.01% 1,140,624 $1.7M Reduce -12.2%
FSBC Five Star Bancorp 0.00% 49,540 $1.4M Add +9.3%
CCL Carnival Corp. 0.00% 21,200 $596K No change
SAN Banco Santander SA-Spon ADR 0.00% 59,680 $495K Reduce -0.9%
MS Morgan Stanley 0.00% 3,100 $437K Reduce -5.8%
TLT iShares 20+ Year Treasury BD 0.00% 4,800 $424K New
SRI Stoneridge Inc. 0.00% 14,500 $102K New

Options reported separately and not counted above: MTUM puts ($1.6M).

Other holdings (2): bonds, preferreds, convertibles and warrants · $18.4M (not counted above)
SecurityClassShares / PrincipalValueChange
BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A 176,322$12.0MAdd +40.3%
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F 363,585$6.4MAdd +9.7%

Total filed on the 13F, all lines: $30.8B.

Portfolio Sells Q1 2025 → Q2 2025

BNY Bank of New York Mellon Corp. Reduce -96.3% 0.04% −0.90
ELV Elevance Health Inc. Reduce -20.2% 1.79% −0.79
FIS Fidelity National Info Serv Reduce -37.8% 1.09% −0.57
PPL PPL Corp. Reduce -27.1% 1.09% −0.55
CVS CVS Health Corp. Reduce -28.7% 1.24% −0.52
RTX RTX Corp. Reduce -66.1% 0.28% −0.50
NOV Nov Inc. Reduce -1.4% 1.61% −0.45
MU Micron Technology Inc. Reduce -98.2% 0.01% −0.43
UL Unilever PLC Reduce -43.0% 0.57% −0.43
APA Apa Corp. Reduce -1.1% 2.14% −0.42
SHEL Shell PLC-ADR Reduce -13.8% 1.47% −0.35
AIG American International Group Reduce -7.7% 2.34% −0.31
BUD Anheuser-Busch Inbev-SPN ADR Reduce -55.9% 0.27% −0.30
KHC The Kraft Heinz Co. Reduce -1.2% 1.29% −0.29
BKNG Booking Holdings Inc. Sold out 0.00% −0.26
CVE Cenovus Energy Inc. Sold out 0.00% −0.24
OLN Olin Corp. Reduce -1.3% 0.78% −0.20
MDT Medtronic PLC Reduce -4.8% 1.68% −0.19
CNC Centene Corp. Reduce -17.1% 0.47% −0.18
CAG Conagra Brands Inc. Reduce -2.3% 0.40% −0.15
ZBH Zimmer Biomet Holdings Inc. Reduce -1.0% 0.48% −0.14
ERIC Ericsson (lm) Tel-SP ADR Reduce -10.3% 2.67% −0.13
HIG Hartford Insurance Group Inc. Reduce -9.5% 0.87% −0.10
CI The Cigna Group Reduce -10.2% 0.65% −0.09
AVT Avnet Inc. Reduce -26.0% 0.33% −0.09
EEFT Euronet Worldwide Inc. Reduce -13.3% 0.31% −0.08
KOS Kosmos Energy Ltd. Reduce -16.9% 0.12% −0.08
ARW Arrow Electronics Inc. Reduce -64.5% 0.05% −0.07
SNY Sanofi-ADR Reduce -1.5% 0.34% −0.07
CNO Cno Financial Group Inc. Reduce -52.7% 0.04% −0.05
NCMI National Cinemedia Inc. Reduce -26.4% 0.07% −0.05
TKR Timken Co. Reduce -6.3% 0.44% −0.04
BA The Boeing Co. Reduce -21.4% 0.58% −0.04
PRA Proassurance Corp. Sold out 0.00% −0.04
GSK GSK PLC-Spon ADR Reduce -1.8% 0.57% −0.03
GBX Greenbrier Companies Inc. Reduce -18.1% 0.07% −0.03
AVA Avista Corp. Reduce -7.9% 0.11% −0.03
BDC Belden Inc. Reduce -71.0% 0.01% −0.02
NXT Nextpower Inc. Reduce -45.7% 0.05% −0.02
BUSE First Busey Corp. Reduce -37.0% 0.04% −0.02
KFY Korn Ferry Reduce -34.9% 0.05% −0.02
HUN Huntsman Corp. Reduce -7.5% 0.03% −0.02
PM Philip Morris International Reduce -35.7% 0.05% −0.02
SOLV Solventum Corp. Reduce -1.0% 0.44% −0.02
GIS General Mills Inc. Reduce -1.3% 0.09% −0.02
AGCO Agco Corp. Reduce -70.2% 0.01% −0.02
BPOP Popular Inc. Reduce -17.4% 0.36% −0.02
GBLI Global Indemnity Group LLC-A Reduce -1.1% 0.10% −0.01
SIGA Siga Technologies Inc. Reduce -34.5% 0.04% −0.01
BKH Black Hills Corp. Reduce -6.9% 0.07% −0.01

Portfolio Buys Q1 2025 → Q2 2025

OMC Omnicom Group Add +436.8% 1.21% +0.94
PPG PPG Industries Inc. Add +193.3% 1.26% +0.83
UNH Unitedhealth Group Inc. New 0.70% +0.70
STZ Constellation Brands Inc. Class A New 0.69% +0.69
WDAY Workday Inc. Class A Add +13.8% 3.08% +0.37
FCNCA First Citizens Bcshs Class A Add +123.3% 0.62% +0.35
SLB SLB Ltd. Add +79.7% 1.18% +0.34
PCAR Paccar Inc. Add +56.9% 1.03% +0.34
BKR Baker Hughes Co. Add +68.5% 1.08% +0.32
SWK Stanley Black & Decker Inc. Add +125.9% 0.63% +0.30
WPP WPP PLC-Sponsored ADR Add +50.9% 1.15% +0.30
MSFT Microsoft Corp. Add +88.6% 0.44% +0.26
BAC Bank of America Corp. Add +26.6% 0.87% +0.24
CMI Cummins Inc. Add +15.8% 1.63% +0.24
FTV Fortive Corp. New 0.21% +0.21
GEHC GE Healthcare Technology Add +25.2% 1.73% +0.18
D Dominion Energy Inc. Add +10.1% 2.15% +0.16
GD General Dynamics Corp. Add +35.7% 0.52% +0.15
GS Goldman Sachs Group Inc. Add +31.9% 0.35% +0.14
APTV Aptiv PLC Add +2.3% 1.00% +0.12
JLL Jones Lang Lasalle Inc. Add +35.5% 0.35% +0.09
TFC Truist Financial Corp. Add +12.6% 0.68% +0.09
LAD Lithia Motors Inc. Add +9.3% 0.45% +0.08
RAL Ralliant Corp. New 0.06% +0.06
TSM Taiwan Semiconductor-SP ADR New 0.06% +0.06
VGLT Vanguard Long-Term Treasury New 0.05% +0.05
MDU Mdu Resources Group Inc. Add +110.3% 0.08% +0.04
LIVN Livanova PLC Add +15.6% 0.17% +0.04
SF Stifel Financial Corp. Add +17.4% 0.16% +0.03
LEA Lear Corp. Add +14.3% 0.19% +0.03
WCC Wesco International Inc. Add +169.6% 0.04% +0.03
EVR Evercore Inc. Class A New 0.03% +0.03
TPC Tutor Perini Corp. Add +3.3% 0.04% +0.02
DK Delek US Holdings Inc. Add +9.5% 0.05% +0.02
BRY Berry Corp. New 0.02% +0.02
LOB Live Oak Bancshares Inc. Add +105.8% 0.03% +0.02
ACHC Acadia Healthcare Co. Inc. Add +133.8% 0.04% +0.02
WFRD Weatherford International PL New 0.02% +0.02
CWK Cushman & Wakefield UK Holdc Add +38.3% 0.05% +0.02
PBF PBF Energy Inc. Class A Add +33.6% 0.05% +0.02
AWI Armstrong World Industries Add +51.1% 0.03% +0.01
BLMN Bloomin' Brands Inc. Add +33.7% 0.04% +0.01
MCRI Monarch Casino & Resort Inc. Add +58.2% 0.03% +0.01
ASB Associated Banc-Corp. Add +8.1% 0.11% +0.01
MDLZ Mondelez International Inc. Class A Add +30.2% 0.06% +0.01
BFH Bread Financial Holdings Inc. Add +23.2% 0.05% +0.01
SRCE 1ST Source Corp. Add +39.9% 0.04% +0.01
SNDR Schneider National Inc. Class B Add +142.3% 0.02% +0.01
THO Thor Industries Inc. Add +30.1% 0.04% +0.01
ACEL Accel Entertainment Inc. Add +41.4% 0.03% +0.01

Notes & Other Activity Q1 2025 → Q2 2025

BOEING CO/THE (BA 6 10/15/27) DEP CONV PFD A Add +40.3% 176,322 $12.0M
PEBBLEBROOK HOTEL TRUST (PEB 6.3 PERP F) 6.3 CUM PFD SR F Add +9.7% 363,585 $6.4M

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

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 457$34.3BWDAY, APA, AIG, FFIV, GEHC
Q1 2026 460$32.3BWDAY, APA, FFIV, ERIC, C
Q4 2025 459$33.4BWDAY, FFIV, C, ERIC, AIG
Q3 2025 464$32.2BFFIV, WDAY, APA, C, AIG
Q2 2025 469$30.8BFFIV, WDAY, C, ERIC, CMCSA
Q1 2025 465$29.9BFFIV, C, ERIC, WDAY, AIG
Q4 2024 473$30.0BFFIV, C, ERIC, APA, WFC
Q3 2024 478$30.1BFFIV, C, ERIC, GM, CVS
Q2 2024 478$28.6BERIC, FFIV, C, WFC, APA
Q1 2024 478$30.0BC, WFC, FFIV, APA, ERIC