QSV Equity Investors LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), QSV Equity Investors LLC reported 90 stock positions worth $103.9 million. Its top holding was Medpace (MEDP) at 2.4% of the portfolio, followed by Napco Security Technologies (NSSC, 2.1%) and Pubmatic Class A (PUBM, 2.1%). Compared with Q4 2023, it opened 6 new positions, sold out of 5, added to 52 and reduced 10. The biggest buy was a new position in Vestis (VSTS) and the biggest sale an exit from MGP Ingredients (MGPI).

Most Recent 13F
Q4 2025
Location
LOMBARD, IL
CIK
0002011250
Portfolio Value
$103.9M (Q1 2024)
SEC Filing
0002011250-24-000002 ↗ filed May 15, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $103.9M $103.9M Q1 2024 Q2 2024: $95.8M Q2 2024 Q3 2024: $106.6M Q3 2024 Q4 2024: $104.0M Q4 2024 Q1 2025: $96.6M Q1 2025 Q2 2025: $96.0M Q2 2025 Q3 2025: $97.9M Q3 2025 Q4 2025: $67.6M Q4 2025

Holdings 90 stocks · $103.9M

MEDP Medpace Holdings Inc. 2.36% 6,057 $2.4M Reduce -17.2%
NSSC Napco Security Technologies 2.13% 55,240 $2.2M Reduce -18.2%
PUBM Pubmatic Inc. Class A 2.08% 91,052 $2.2M Add +0.1%
WD Walker & Dunlop Inc. 2.01% 20,651 $2.1M Add +22.0%
INVA Innoviva Inc. 2.00% 136,318 $2.1M Add +0.7%
ALG Alamo Group Inc. 1.99% 9,034 $2.1M Add +0.2%
NSP Insperity Inc. 1.94% 18,352 $2.0M Add +0.3%
CNS Cohen & Steers Inc. 1.93% 26,122 $2.0M Add +1.8%
FTRE Fortrea Holdings Inc. 1.93% 49,944 $2.0M Add +1.8%
PRI Primerica Inc. 1.91% 7,839 $2.0M Add +0.9%
DORM Dorman Products Inc. 1.89% 20,393 $2.0M Add +0.2%
NSA National Storage Affiliates 1.85% 49,161 $1.9M Reduce -4.9%
OZK Bank Ozk 1.84% 42,091 $1.9M Add +0.1%
BRC Brady Corporation Class A 1.82% 31,964 $1.9M Add +0.1%
RLI Rli Corp. 1.79% 12,543 $1.9M Add +1.0%
ABM Abm Industries Inc. 1.78% 41,494 $1.9M Add +1.4%
AUDC Audiocodes Ltd. 1.74% 138,819 $1.8M Add +0.3%
PRGS Progress Software Corp. 1.74% 33,953 $1.8M Add +10.0%
HWKN Hawkins Inc. 1.74% 23,526 $1.8M Add +1.4%
CSGS CSG Systems Intl Inc. 1.70% 34,367 $1.8M Add +26.0%
KAI Kadant Inc. 1.70% 5,379 $1.8M Reduce -16.8%
GBCI Glacier Bancorp Inc. 1.70% 43,733 $1.8M Add +0.5%
EVTC Evertec Inc. 1.66% 43,335 $1.7M Add +2.5%
SLP Simulations Plus Inc. 1.66% 41,807 $1.7M Add +1.6%
ITRN Ituran Location and Control 1.64% 61,023 $1.7M Add +0.1%
USPH U.S. Physical Therapy Inc. 1.63% 15,023 $1.7M Add +0.6%
DOCS Doximity Inc. Class A 1.61% 62,202 $1.7M Add +10.3%
GTY Getty Realty Corp. 1.57% 59,541 $1.6M Add +0.7%
IOSP Innospec Inc. 1.54% 12,395 $1.6M Reduce -19.0%
EXLS Exlservice Holdings Inc. 1.52% 49,725 $1.6M Add +0.1%
ICFI Icf International Inc. 1.52% 10,459 $1.6M Add +0.1%
UFPI Ufp Industries Inc. 1.50% 12,711 $1.6M Add +0.8%
EVR Evercore Inc. Class A 1.49% 8,045 $1.5M Reduce -18.1%
ADUS Addus Homecare Corp. 1.49% 14,959 $1.5M Add +0.1%
AEIS Advanced Energy Industries 1.48% 15,063 $1.5M Add +1.0%
THG Hanover Insurance Group Inc./ 1.44% 11,005 $1.5M Add +0.1%
FBK FB Financial Corp. filed as FB FINL CORP 1.42% 39,135 $1.5M Add +0.3%
VSTS Vestis Corp. 1.39% 75,091 $1.4M New
NTST Netstreit Corp. 1.39% 78,349 $1.4M Add +0.4%
HELE Helen of Troy Ltd. 1.37% 12,316 $1.4M Add +0.2%
WDFC WD-40 Co. 1.36% 5,591 $1.4M Reduce -16.4%
CLB Core Laboratories Inc. 1.35% 82,098 $1.4M Add +0.1%
PSTL Postal Realty Trust Inc. Class A 1.25% 90,612 $1.3M Add +0.3%
KLIC Kulicke & Soffa Industries 1.24% 25,614 $1.3M Add +0.1%
ASTH Astrana Health Inc. 1.20% 29,610 $1.2M New
NXRT Nexpoint Residential 1.18% 38,175 $1.2M Reduce -0.6%
FAF First American Financial 1.15% 19,603 $1.2M Add +0.1%
POWI Power Integrations Inc. 1.15% 16,653 $1.2M Add +0.1%
SBCF Seacoast Banking Corp. 1.12% 45,736 $1.2M Add +0.2%
ZD Ziff Davis Inc. 1.11% 18,282 $1.2M Add +0.2%
MBUU Malibu Boats Inc. Class A 1.10% 26,304 $1.1M Add +1.3%
AWR American States Water Co. filed as AMER STATES WTR CO 1.06% 15,222 $1.1M Add +0.2%
SMG Scotts Miracle-Gro Co. 1.04% 14,490 $1.1M Add +0.1%
PFC Premier Financial Corp. 0.99% 50,936 $1.0M Add +0.1%
HBNC Horizon Bancorp Inc. 0.99% 80,053 $1.0M Add +0.1%
GNRC Generac Holdings Inc. 0.98% 8,046 $1.0M Add +0.1%
CZNC Citizens & Northern Corp. 0.94% 51,781 $972K Add +0.2%
SSTK Shutterstock Inc. 0.84% 19,123 $876K Add +0.1%
GMED Globus Medical Inc. Class A 0.82% 15,827 $849K Add +1.1%
FWRD Forward Air Corp. 0.75% 25,076 $780K Add +18.3%
BAH Booz Allen Hamilton Holdings 0.59% 4,110 $610K Reduce -10.0%
MOAT Vaneck Morningstar Wide Moat 0.44% 5,103 $459K No change
CPAY Corpay Inc. 0.44% 1,476 $455K No change
WST West Pharmaceutical Services 0.40% 1,061 $420K No change
TYL Tyler Technologies Inc. 0.40% 979 $416K No change
LH Laboratory CRP of Amer Hldgs 0.38% 1,813 $396K No change
CHE Chemed Corp. 0.36% 584 $375K No change
OTIS Otis Worldwide Corp. 0.36% 3,767 $374K New
ROL Rollins Inc. 0.36% 8,065 $373K No change
GNTX Gentex Corp. 0.36% 10,255 $370K No change
EPAM Epam Systems Inc. 0.35% 1,300 $359K No change
EGP Eastgroup Properties Inc. 0.34% 1,957 $352K No change
MSA Msa Safety Inc. 0.33% 1,768 $342K No change
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.33% 1,968 $342K No change
SNV Synovus Financial Corp. 0.32% 8,417 $337K No change
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.31% 3,923 $326K Add +10.9%
BR Broadridge Financial Solutio 0.31% 1,588 $325K Reduce -40.4%
PAYC Paycom Software Inc. 0.30% 1,572 $313K No change
MTCH Match Group Inc. 0.29% 8,447 $306K New
DOX Amdocs Ltd. 0.29% 3,323 $300K Add +6.8%
ZBRA Zebra Technologies Corp. Class A 0.28% 970 $292K No change
JLL Jones Lang Lasalle Inc. 0.28% 1,498 $292K No change
LAMR Lamar Advertising Co. Class A 0.25% 2,143 $256K No change
TNET Trinet Group Inc. 0.23% 1,794 $238K No change
LECO Lincoln Electric Holdings 0.22% 899 $230K New
MKTX Marketaxess Holdings Inc. 0.22% 1,041 $228K No change
ICLR Icon PLC 0.22% 678 $228K New
MPWR Monolithic Power Systems Inc. 0.22% 332 $225K No change
AKAM Akamai Technologies Inc. 0.19% 1,850 $201K No change
JFR Nuveen Floating Rate Income 0.14% 16,576 $145K No change

Portfolio Sells Q4 2023 → Q1 2024

MGPI MGP Ingredients Inc. Sold out 0.00% −1.24
AMN Amn Healthcare Services Inc. Sold out 0.00% −0.90
LSTR Landstar System Inc. Sold out 0.00% −0.34
POOL Pool Corp. Sold out 0.00% −0.32
TTC Toro Co. Sold out 0.00% −0.31
IOSP Innospec Inc. Reduce -19.0% 1.54% −0.30
NSA National Storage Affiliates Reduce -4.9% 1.85% −0.23
BR Broadridge Financial Solutio Reduce -40.4% 0.31% −0.22
WDFC WD-40 Co. Reduce -16.4% 1.36% −0.19
EVR Evercore Inc. Class A Reduce -18.1% 1.49% −0.14
NSSC Napco Security Technologies Reduce -18.2% 2.13% −0.12
NXRT Nexpoint Residential Reduce -0.6% 1.18% −0.10
KAI Kadant Inc. Reduce -16.8% 1.70% −0.06
BAH Booz Allen Hamilton Holdings Reduce -10.0% 0.59% +0.02
MEDP Medpace Holdings Inc. Reduce -17.2% 2.36% +0.17

Portfolio Buys Q4 2023 → Q1 2024

VSTS Vestis Corp. New 1.39% +1.39
ASTH Astrana Health Inc. New 1.20% +1.20
PUBM Pubmatic Inc. Class A Add +0.1% 2.08% +0.63
OTIS Otis Worldwide Corp. New 0.36% +0.36
PRI Primerica Inc. Add +0.9% 1.91% +0.35
MTCH Match Group Inc. New 0.29% +0.29
CSGS CSG Systems Intl Inc. Add +26.0% 1.70% +0.29
USPH U.S. Physical Therapy Inc. Add +0.6% 1.63% +0.28
FTRE Fortrea Holdings Inc. Add +1.8% 1.93% +0.26
DORM Dorman Products Inc. Add +0.2% 1.89% +0.24
LECO Lincoln Electric Holdings New 0.22% +0.22
ICLR Icon PLC New 0.22% +0.22
RLI Rli Corp. Add +1.0% 1.79% +0.18
WD Walker & Dunlop Inc. Add +22.0% 2.01% +0.18
ICFI Icf International Inc. Add +0.1% 1.52% +0.15
HWKN Hawkins Inc. Add +1.4% 1.74% +0.15
THG Hanover Insurance Group Inc./ Add +0.1% 1.44% +0.14
SMG Scotts Miracle-Gro Co. Add +0.1% 1.04% +0.14
ALG Alamo Group Inc. Add +0.2% 1.99% +0.14
ADUS Addus Homecare Corp. Add +0.1% 1.49% +0.14
AUDC Audiocodes Ltd. Add +0.3% 1.74% +0.12
PRGS Progress Software Corp. Add +10.0% 1.74% +0.11
DOCS Doximity Inc. Class A Add +10.3% 1.61% +0.07
CNS Cohen & Steers Inc. Add +1.8% 1.93% +0.04
CF CF Industries Holdings Inc. Add +10.9% 0.31% +0.04
EXLS Exlservice Holdings Inc. Add +0.1% 1.52% +0.03
NTST Netstreit Corp. Add +0.4% 1.39% +0.03
ITRN Ituran Location and Control Add +0.1% 1.64% +0.03
DOX Amdocs Ltd. Add +6.8% 0.29% +0.02
GMED Globus Medical Inc. Class A Add +1.1% 0.82% +0.01
BRC Brady Corporation Class A Add +0.1% 1.82% +0.00
ABM Abm Industries Inc. Add +1.4% 1.78% −0.00
EVTC Evertec Inc. Add +2.5% 1.66% −0.02
PSTL Postal Realty Trust Inc. Class A Add +0.3% 1.25% −0.03
GNRC Generac Holdings Inc. Add +0.1% 0.98% −0.03
UFPI Ufp Industries Inc. Add +0.8% 1.50% −0.04
GBCI Glacier Bancorp Inc. Add +0.5% 1.70% −0.05
SSTK Shutterstock Inc. Add +0.1% 0.84% −0.05
CLB Core Laboratories Inc. Add +0.1% 1.35% −0.06
FAF First American Financial Add +0.1% 1.15% −0.08
HELE Helen of Troy Ltd. Add +0.2% 1.37% −0.08
ZD Ziff Davis Inc. Add +0.2% 1.11% −0.08
FBK FB Financial Corp. Add +0.3% 1.42% −0.09
AEIS Advanced Energy Industries Add +1.0% 1.48% −0.10
GTY Getty Realty Corp. Add +0.7% 1.57% −0.11
INVA Innoviva Inc. Add +0.7% 2.00% −0.11
KLIC Kulicke & Soffa Industries Add +0.1% 1.24% −0.12
HBNC Horizon Bancorp Inc. Add +0.1% 0.99% −0.12
AWR American States Water Co. Add +0.2% 1.06% −0.13
SLP Simulations Plus Inc. Add +1.6% 1.66% −0.14

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q4 2025 89$67.6MOZK, BRC, GMED, ITRN, CTRE
Q3 2025 92$97.9MOZK, GBCI, DORM, CSGS, BRC
Q2 2025 90$96.0MDORM, OZK, PRGS, CSGS, EXLS
Q1 2025 87$96.6MDORM, EXLS, OZK, BRC, GBCI
Q4 2024 85$104.0MDOCS, DORM, GBCI, PRGS, INVA
Q3 2024 87$106.6MDOCS, INVA, PRGS, BRC, NSA
Q2 2024 80$95.8MNSSC, MEDP, INVA, HWKN, BRC
Q1 2024 90$103.9MMEDP, NSSC, PUBM, WD, INVA