QSV Equity Investors LLC

In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), QSV Equity Investors LLC reported 80 stock positions worth $95.8 million. Its top holding was Napco Security Technologies (NSSC) at 2.9% of the portfolio, followed by Medpace (MEDP, 2.5%) and Innoviva (INVA, 2.3%). Compared with Q1 2024, it opened 1 new position, sold out of 11, added to 13 and reduced 64. The biggest buy was a new position in Catalyst Pharmaceuticals (CPRX) and the biggest sale an exit from Pubmatic Class A (PUBM).

Most Recent 13F
Q4 2025
Location
LOMBARD, IL
CIK
0002011250
Portfolio Value
$95.8M (Q2 2024)
SEC Filing
0002011250-24-000003 ↗ filed Aug 14, 2024

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $103.9M Q1 2024 Q2 2024: $95.8M $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 80 stocks · $95.8M

NSSC Napco Security Technologies 2.90% 53,466 $2.8M Reduce -3.2%
MEDP Medpace Holdings Inc. 2.54% 5,898 $2.4M Reduce -2.6%
INVA Innoviva Inc. 2.32% 135,539 $2.2M Reduce -0.6%
HWKN Hawkins Inc. 2.22% 23,398 $2.1M Reduce -0.5%
BRC Brady Corporation Class A 2.14% 31,032 $2.0M Reduce -2.9%
ABM Abm Industries Inc. 2.13% 40,291 $2.0M Reduce -2.9%
WD Walker & Dunlop Inc. 2.07% 20,182 $2.0M Reduce -2.3%
NSA National Storage Affiliates 2.06% 47,993 $2.0M Reduce -2.4%
PRGS Progress Software Corp. 2.06% 36,356 $2.0M Add +7.1%
OZK Bank Ozk 1.98% 46,204 $1.9M Add +9.8%
GBCI Glacier Bancorp Inc. 1.93% 49,585 $1.9M Add +13.4%
CNS Cohen & Steers Inc. 1.92% 25,335 $1.8M Reduce -3.0%
DORM Dorman Products Inc. 1.88% 19,731 $1.8M Reduce -3.3%
PRI Primerica Inc. 1.87% 7,556 $1.8M Reduce -3.6%
RLI Rli Corp. 1.83% 12,471 $1.8M Reduce -0.6%
ADUS Addus Homecare Corp. 1.80% 14,881 $1.7M Reduce -0.5%
FBK FB Financial Corp. filed as FB FINL CORP 1.80% 44,149 $1.7M Add +12.8%
DOCS Doximity Inc. Class A 1.77% 60,577 $1.7M Reduce -2.6%
SLP Simulations Plus Inc. 1.76% 34,756 $1.7M Reduce -16.9%
EVR Evercore Inc. Class A 1.74% 7,999 $1.7M Reduce -0.6%
NSP Insperity Inc. 1.70% 17,860 $1.6M Reduce -2.7%
AEIS Advanced Energy Industries 1.70% 14,977 $1.6M Reduce -0.6%
CLB Core Laboratories Inc. 1.68% 79,390 $1.6M Reduce -3.3%
KAI Kadant Inc. 1.64% 5,342 $1.6M Reduce -0.7%
FTRE Fortrea Holdings Inc. 1.62% 66,667 $1.6M Add +33.5%
ALG Alamo Group Inc. 1.62% 8,982 $1.6M Reduce -0.6%
EXLS Exlservice Holdings Inc. 1.62% 49,439 $1.6M Reduce -0.6%
ICFI Icf International Inc. 1.61% 10,399 $1.5M Reduce -0.6%
GTY Getty Realty Corp. 1.61% 57,820 $1.5M Reduce -2.9%
IOSP Innospec Inc. 1.59% 12,324 $1.5M Reduce -0.6%
NXRT Nexpoint Residential 1.59% 38,473 $1.5M Add +0.8%
ITRN Ituran Location and Control 1.56% 60,689 $1.5M Reduce -0.6%
AUDC Audiocodes Ltd. 1.50% 138,035 $1.4M Reduce -0.6%
UFPI Ufp Industries Inc. 1.48% 12,638 $1.4M Reduce -0.6%
VSTS Vestis Corp. 1.48% 115,561 $1.4M Add +53.9%
EVTC Evertec Inc. 1.46% 42,195 $1.4M Reduce -2.6%
SBCF Seacoast Banking Corp. 1.46% 59,220 $1.4M Add +29.5%
ZD Ziff Davis Inc. 1.46% 25,424 $1.4M Add +39.1%
PSTL Postal Realty Trust Inc. Class A 1.45% 104,218 $1.4M Add +15.0%
MBUU Malibu Boats Inc. Class A 1.45% 39,522 $1.4M Add +50.3%
USPH U.S. Physical Therapy Inc. 1.44% 14,941 $1.4M Reduce -0.6%
THG Hanover Insurance Group Inc./ 1.43% 10,942 $1.4M Reduce -0.6%
CSGS CSG Systems Intl Inc. 1.43% 33,309 $1.4M Reduce -3.1%
PFC Premier Financial Corp. 1.39% 65,066 $1.3M Add +27.7%
CPRX Catalyst Pharmaceuticals Inc. 1.36% 84,137 $1.3M New
KLIC Kulicke & Soffa Industries 1.31% 25,467 $1.3M Reduce -0.6%
NTST Netstreit Corp. 1.28% 76,319 $1.2M Reduce -2.6%
WDFC WD-40 Co. 1.27% 5,557 $1.2M Reduce -0.6%
ASTH Astrana Health Inc. 1.25% 29,596 $1.2M Reduce -0.1%
POWI Power Integrations Inc. 1.21% 16,557 $1.2M Reduce -0.6%
HELE Helen of Troy Ltd. 1.18% 12,240 $1.1M Reduce -0.6%
AWR American States Water Co. filed as AMER STATES WTR CO 1.15% 15,134 $1.1M Reduce -0.6%
GMED Globus Medical Inc. Class A 1.12% 15,736 $1.1M Reduce -0.6%
GNRC Generac Holdings Inc. 1.10% 8,000 $1.1M Reduce -0.6%
FAF First American Financial 1.10% 19,491 $1.1M Reduce -0.6%
HBNC Horizon Bancorp Inc. 1.03% 79,595 $985K Reduce -0.6%
CZNC Citizens & Northern Corp. 0.96% 51,484 $921K Reduce -0.6%
BAH Booz Allen Hamilton Holdings 0.56% 3,507 $540K Reduce -14.7%
MOAT Vaneck Morningstar Wide Moat 0.46% 5,103 $442K No change
OTIS Otis Worldwide Corp. 0.37% 3,695 $356K Reduce -1.9%
ROL Rollins Inc. 0.35% 6,955 $339K Reduce -13.8%
CPAY Corpay Inc. 0.35% 1,275 $339K Reduce -13.6%
TYL Tyler Technologies Inc. 0.34% 656 $330K Reduce -33.0%
WST West Pharmaceutical Services 0.32% 917 $302K Reduce -13.6%
GNTX Gentex Corp. 0.31% 8,766 $296K Reduce -14.5%
SNV Synovus Financial Corp. 0.31% 7,293 $293K Reduce -13.3%
MSA Msa Safety Inc. 0.30% 1,509 $283K Reduce -14.7%
EGP Eastgroup Properties Inc. 0.29% 1,658 $282K Reduce -15.3%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.29% 1,669 $277K Reduce -15.2%
CHE Chemed Corp. 0.29% 509 $276K Reduce -12.8%
MTCH Match Group Inc. 0.29% 9,019 $274K Add +6.8%
BR Broadridge Financial Solutio 0.28% 1,372 $270K Reduce -13.6%
JLL Jones Lang Lasalle Inc. 0.28% 1,309 $269K Reduce -12.6%
ZBRA Zebra Technologies Corp. Class A 0.27% 834 $258K Reduce -14.0%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.26% 3,416 $253K Reduce -12.9%
DOX Amdocs Ltd. 0.25% 3,049 $241K Reduce -8.3%
LAMR Lamar Advertising Co. Class A 0.23% 1,833 $219K Reduce -14.5%
EPAM Epam Systems Inc. 0.22% 1,097 $206K Reduce -15.6%
ICLR Icon PLC 0.21% 650 $204K Reduce -4.1%
JFR Nuveen Floating Rate Income 0.15% 16,576 $143K No change

Portfolio Sells Q1 2024 → Q2 2024

PUBM Pubmatic Inc. Class A Sold out 0.00% −2.08
SMG Scotts Miracle-Gro Co. Sold out 0.00% −1.04
SSTK Shutterstock Inc. Sold out 0.00% −0.84
FWRD Forward Air Corp. Sold out 0.00% −0.75
LH Laboratory CRP of Amer Hldgs Sold out 0.00% −0.38
ALG Alamo Group Inc. Reduce -0.6% 1.62% −0.36
PAYC Paycom Software Inc. Sold out 0.00% −0.30
CSGS CSG Systems Intl Inc. Reduce -3.1% 1.43% −0.27
AUDC Audiocodes Ltd. Reduce -0.6% 1.50% −0.25
NSP Insperity Inc. Reduce -2.7% 1.70% −0.24
TNET Trinet Group Inc. Sold out 0.00% −0.23
LECO Lincoln Electric Holdings Sold out 0.00% −0.22
MKTX Marketaxess Holdings Inc. Sold out 0.00% −0.22
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.22
EVTC Evertec Inc. Reduce -2.6% 1.46% −0.20
AKAM Akamai Technologies Inc. Sold out 0.00% −0.19
USPH U.S. Physical Therapy Inc. Reduce -0.6% 1.44% −0.19
HELE Helen of Troy Ltd. Reduce -0.6% 1.18% −0.18
EPAM Epam Systems Inc. Reduce -15.6% 0.22% −0.13
NTST Netstreit Corp. Reduce -2.6% 1.28% −0.10
WDFC WD-40 Co. Reduce -0.6% 1.27% −0.09
WST West Pharmaceutical Services Reduce -13.6% 0.32% −0.09
CPAY Corpay Inc. Reduce -13.6% 0.35% −0.08
ITRN Ituran Location and Control Reduce -0.6% 1.56% −0.08
CHE Chemed Corp. Reduce -12.8% 0.29% −0.07
KAI Kadant Inc. Reduce -0.7% 1.64% −0.06
TYL Tyler Technologies Inc. Reduce -33.0% 0.34% −0.06
FAF First American Financial Reduce -0.6% 1.10% −0.05
CF CF Industries Holdings Inc. Reduce -12.9% 0.26% −0.05
GNTX Gentex Corp. Reduce -14.5% 0.31% −0.05
EGP Eastgroup Properties Inc. Reduce -15.3% 0.29% −0.04
PRI Primerica Inc. Reduce -3.6% 1.87% −0.04
JKHY Jack Henry & Associates Inc. Reduce -15.2% 0.29% −0.04
DOX Amdocs Ltd. Reduce -8.3% 0.25% −0.04
MSA Msa Safety Inc. Reduce -14.7% 0.30% −0.03
BR Broadridge Financial Solutio Reduce -13.6% 0.28% −0.03
UFPI Ufp Industries Inc. Reduce -0.6% 1.48% −0.03
BAH Booz Allen Hamilton Holdings Reduce -14.7% 0.56% −0.02
SNV Synovus Financial Corp. Reduce -13.3% 0.31% −0.02
LAMR Lamar Advertising Co. Class A Reduce -14.5% 0.23% −0.02
CNS Cohen & Steers Inc. Reduce -3.0% 1.92% −0.01
ZBRA Zebra Technologies Corp. Class A Reduce -14.0% 0.27% −0.01
THG Hanover Insurance Group Inc./ Reduce -0.6% 1.43% −0.01
DORM Dorman Products Inc. Reduce -3.3% 1.88% −0.01
ICLR Icon PLC Reduce -4.1% 0.21% −0.01
ROL Rollins Inc. Reduce -13.8% 0.35% −0.00
JLL Jones Lang Lasalle Inc. Reduce -12.6% 0.28% −0.00
OTIS Otis Worldwide Corp. Reduce -1.9% 0.37% +0.01
CZNC Citizens & Northern Corp. Reduce -0.6% 0.96% +0.03
RLI Rli Corp. Reduce -0.6% 1.83% +0.04

Portfolio Buys Q1 2024 → Q2 2024

CPRX Catalyst Pharmaceuticals Inc. New 1.36% +1.36
NXRT Nexpoint Residential Add +0.8% 1.59% +0.40
PFC Premier Financial Corp. Add +27.7% 1.39% +0.39
FBK FB Financial Corp. Add +12.8% 1.80% +0.38
ZD Ziff Davis Inc. Add +39.1% 1.46% +0.35
MBUU Malibu Boats Inc. Class A Add +50.3% 1.45% +0.35
SBCF Seacoast Banking Corp. Add +29.5% 1.46% +0.34
PRGS Progress Software Corp. Add +7.1% 2.06% +0.32
GBCI Glacier Bancorp Inc. Add +13.4% 1.93% +0.24
PSTL Postal Realty Trust Inc. Class A Add +15.0% 1.45% +0.20
OZK Bank Ozk Add +9.8% 1.98% +0.14
VSTS Vestis Corp. Add +53.9% 1.48% +0.08
MTCH Match Group Inc. Add +6.8% 0.29% −0.01
FTRE Fortrea Holdings Inc. Add +33.5% 1.62% −0.31

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