Palisades Investment Partners, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed October 30, 2025), Palisades Investment Partners, LLC reported 48 stock positions worth $254.6 million. Its top holding was Sterling Infrastructure (STRL) at 12.8% of the portfolio, followed by SPX Technologies (SPXC, 8.2%) and Makemytrip (MMYT, 4.3%). Compared with Q2 2025, it opened 11 new positions, sold out of 2, added to 30 and reduced 5. The biggest buy was a new position in iShares Russell 2000 ETF (IWM) and the biggest sale Innodata (INOD, shares −98%).
- Most Recent 13F
- Q2 2026
- Location
- SANTA MONICA, CA
- CIK
- 0001427373
- Portfolio Value
- $254.6M (Q3 2025)
- SEC Filing
- 0001427373-25-000010 ↗ filed Oct 30, 2025
Holdings Value
Holdings 48 stocks · $254.6M
| STRL Sterling Infrastructure Inc. | 12.78% | 95,800 | $32.5M | Reduce -3.0% |
| SPXC SPX Technologies Inc. | 8.25% | 112,439 | $21.0M | Add +1.3% |
| MMYT Makemytrip Ltd. | 4.32% | 117,464 | $11.0M | Add +0.6% |
| IWM iShares Russell 2000 ETF | 3.84% | 40,433 | $9.8M | New |
| ITRI Itron Inc. | 3.60% | 73,647 | $9.2M | Add +0.1% |
| WGS Genedx Holdings Corp. | 3.59% | 84,743 | $9.1M | Add +2.1% |
| AMSC American Superconductor Corp. | 3.29% | 141,109 | $8.4M | Add +0.4% |
| MEDP Medpace Holdings Inc. | 3.21% | 15,892 | $8.2M | Add +0.9% |
| ROOT Root Inc./Oh Class A | 2.87% | 81,716 | $7.3M | New |
| KRYS Krystal Biotech Inc. | 2.87% | 41,389 | $7.3M | Add +3.0% |
| UFPT Ufp Technologies Inc. | 2.72% | 34,660 | $6.9M | Add +0.5% |
| INTA Intapp Inc. | 2.65% | 165,053 | $6.8M | Add +0.6% |
| CRMD Cormedix Inc. | 2.58% | 564,106 | $6.6M | Add +0.3% |
| ENVA Enova International Inc. | 2.47% | 54,619 | $6.3M | Add +0.3% |
| BMI Badger Meter Inc. | 2.40% | 34,186 | $6.1M | Add +1.5% |
| MWA Mueller Water Products Inc. Class A | 2.37% | 236,456 | $6.0M | Add +0.5% |
| PAY Paymentus Holdings Inc. Class A | 2.36% | 195,998 | $6.0M | Add +0.5% |
| PKE Park Aerospace Corp. | 2.32% | 290,253 | $5.9M | New |
| PAYS Paysign Inc. | 2.22% | 897,634 | $5.6M | New |
| MC Moelis & Co. Class A | 2.14% | 76,337 | $5.4M | Add +0.4% |
| VCYT Veracyte Inc. | 2.13% | 158,143 | $5.4M | Reduce -2.6% |
| IESC Ies Holdings Inc. filed as IES HLDGS INC | 2.08% | 13,314 | $5.3M | New |
| SPSC SPS Commerce Inc. | 2.01% | 49,137 | $5.1M | Add +0.5% |
| LUNR Intuitive Machines Inc. | 1.65% | 398,571 | $4.2M | Add +1.9% |
| FFBC First Financial Bancorp | 1.49% | 149,854 | $3.8M | Add +0.4% |
| FISI Financial Institutions Inc. | 1.48% | 137,522 | $3.8M | Add +0.4% |
| MPTI M-Tron Industries Inc. | 1.36% | 62,359 | $3.5M | Add +0.4% |
| SF Stifel Financial Corp. | 1.31% | 29,475 | $3.3M | Add +0.5% |
| TGEN Tecogen Inc./Waltham Ma | 1.30% | 376,594 | $3.3M | New |
| OTTR Otter Tail Corp. | 1.29% | 40,191 | $3.3M | No change |
| IA Innovative Solutions & Supp | 1.15% | 234,323 | $2.9M | New |
| RELY Remitly Global Inc. | 1.13% | 176,900 | $2.9M | Add +0.2% |
| WLFC Willis Lease Finance Corp. | 1.12% | 20,753 | $2.8M | Add +0.5% |
| DCTH Delcath Systems Inc. | 1.11% | 262,942 | $2.8M | Reduce -2.7% |
| ONTO Onto Innovation Inc. | 1.03% | 20,206 | $2.6M | Add +0.4% |
| UFPI Ufp Industries Inc. | 0.83% | 22,637 | $2.1M | Add +0.4% |
| KINS Kingstone Cos Inc. | 0.81% | 139,824 | $2.1M | Add +0.2% |
| FCFS Firstcash Holdings Inc. | 0.80% | 12,930 | $2.0M | No change |
| ARTNA Artesian Resources Corp. Class A | 0.66% | 51,718 | $1.7M | Add +0.5% |
| CCRD Corecard Corp. | 0.53% | 50,329 | $1.4M | New |
| FRPH FRP Holdings Inc. filed as FRP HLDGS INC | 0.44% | 45,591 | $1.1M | Add +0.4% |
| FCPT Four Corners Property Trust | 0.30% | 31,226 | $772K | Add +0.3% |
| AGX Argan Inc. | 0.30% | 2,820 | $762K | New |
| CAMT Camtek Ltd. | 0.26% | 6,299 | $662K | Add +4.7% |
| INOD Innodata Inc. | 0.23% | 7,708 | $594K | Reduce -97.9% |
| TSSI TSS Inc. | 0.20% | 27,926 | $506K | New |
| LMAT Lemaitre Vascular Inc. | 0.12% | 3,465 | $303K | New |
| ARDX Ardelyx Inc. | 0.02% | 10,147 | $56K | Reduce -98.0% |
Other holdings (1): bonds, preferreds, convertibles and warrants · $115K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 65,856 | $115K | New |
Total filed on the 13F, all lines: $254.7M.
Portfolio Sells Q2 2025 → Q3 2025
| INOD Innodata Inc. | Reduce -97.9% | 0.23% | −8.03 |
| ADMA Adma Biologics Inc. | Sold out | 0.00% | −3.17 |
| SWTX Springworks Therapeutics Inc. | Sold out | 0.00% | −2.72 |
| ARDX Ardelyx Inc. | Reduce -98.0% | 0.02% | −0.87 |
| DCTH Delcath Systems Inc. | Reduce -2.7% | 1.11% | −0.50 |
| VCYT Veracyte Inc. | Reduce -2.6% | 2.13% | +0.21 |
| STRL Sterling Infrastructure Inc. | Reduce -3.0% | 12.78% | +2.82 |
Portfolio Buys Q2 2025 → Q3 2025
| IWM iShares Russell 2000 ETF | New | 3.84% | +3.84 |
| ROOT Root Inc./Oh Class A | New | 2.87% | +2.87 |
| PKE Park Aerospace Corp. | New | 2.32% | +2.32 |
| PAYS Paysign Inc. | New | 2.22% | +2.22 |
| IESC Ies Holdings Inc. | New | 2.08% | +2.08 |
| TGEN Tecogen Inc./Waltham Ma | New | 1.30% | +1.30 |
| IA Innovative Solutions & Supp | New | 1.15% | +1.15 |
| MEDP Medpace Holdings Inc. | Add +0.9% | 3.21% | +1.05 |
| AMSC American Superconductor Corp. | Add +0.4% | 3.29% | +1.04 |
| CCRD Corecard Corp. | New | 0.53% | +0.53 |
| KRYS Krystal Biotech Inc. | Add +3.0% | 2.87% | +0.45 |
| AGX Argan Inc. | New | 0.30% | +0.30 |
| WGS Genedx Holdings Corp. | Add +2.1% | 3.59% | +0.24 |
| MPTI M-Tron Industries Inc. | Add +0.4% | 1.36% | +0.22 |
| TSSI TSS Inc. | New | 0.20% | +0.20 |
| ONTO Onto Innovation Inc. | Add +0.4% | 1.03% | +0.14 |
| LMAT Lemaitre Vascular Inc. | New | 0.12% | +0.12 |
| SPXC SPX Technologies Inc. | Add +1.3% | 8.25% | +0.11 |
| MC Moelis & Co. Class A | Add +0.4% | 2.14% | +0.07 |
| CAMT Camtek Ltd. | Add +4.7% | 0.26% | +0.04 |
| SF Stifel Financial Corp. | Add +0.5% | 1.31% | −0.02 |
| FISI Financial Institutions Inc. | Add +0.4% | 1.48% | −0.05 |
| FCPT Four Corners Property Trust | Add +0.3% | 0.30% | −0.06 |
| ARTNA Artesian Resources Corp. Class A | Add +0.5% | 0.66% | −0.09 |
| FFBC First Financial Bancorp | Add +0.4% | 1.49% | −0.10 |
| FRPH FRP Holdings Inc. | Add +0.4% | 0.44% | −0.10 |
| MWA Mueller Water Products Inc. Class A | Add +0.5% | 2.37% | −0.10 |
| KINS Kingstone Cos Inc. | Add +0.2% | 0.81% | −0.13 |
| UFPI Ufp Industries Inc. | Add +0.4% | 0.83% | −0.15 |
| WLFC Willis Lease Finance Corp. | Add +0.5% | 1.12% | −0.17 |
| ENVA Enova International Inc. | Add +0.3% | 2.47% | −0.19 |
| LUNR Intuitive Machines Inc. | Add +1.9% | 1.65% | −0.21 |
| RELY Remitly Global Inc. | Add +0.2% | 1.13% | −0.32 |
| PAY Paymentus Holdings Inc. Class A | Add +0.5% | 2.36% | −0.44 |
| CRMD Cormedix Inc. | Add +0.3% | 2.58% | −0.45 |
| ITRI Itron Inc. | Add +0.1% | 3.60% | −0.63 |
| MMYT Makemytrip Ltd. | Add +0.6% | 4.32% | −0.68 |
| SPSC SPS Commerce Inc. | Add +0.5% | 2.01% | −0.90 |
| UFPT Ufp Technologies Inc. | Add +0.5% | 2.72% | −0.97 |
| INTA Intapp Inc. | Add +0.6% | 2.65% | −1.05 |
| BMI Badger Meter Inc. | Add +1.5% | 2.40% | −1.21 |
Notes & Other Activity Q2 2025 → Q3 2025
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | New | 65,856 | $115K |
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 | 53 | $351.6M | SPXC, KRYS, PKE, TVTX, WLFC |
| Q1 2026 | 51 | $255.1M | SPXC, KRYS, PKE, PAY, IWM |
| Q4 2025 | 51 | $264.7M | STRL, SPXC, WGS, KRYS, MMYT |
| Q3 2025 | 48 | $254.6M | STRL, SPXC, MMYT, IWM, ITRI |
| Q2 2025 | 39 | $228.7M | STRL, INOD, SPXC, MMYT, ITRI |
| Q1 2025 | 40 | $199.3M | SPXC, INOD, STRL, MMYT, INTA |
| Q4 2024 | 41 | $237.0M | STRL, SPXC, INOD, MMYT, MOD |
| Q3 2024 | 40 | $229.7M | TMDX, SPXC, STRL, MOD, MMYT |
| Q2 2024 | 40 | $201.9M | TMDX, SPXC, STRL, NSSC, MOD |