QSV Equity Investors LLC

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 12, 2025), QSV Equity Investors LLC reported 85 stock positions worth $104.0 million. Its top holding was Doximity Class A (DOCS) at 3.1% of the portfolio, followed by Dorman Products (DORM, 2.5%) and Glacier Bancorp (GBCI, 2.4%). Compared with Q3 2024, it opened 3 new positions, sold out of 5, added to 54 and reduced 9. The biggest buy was a new position in Caretrust REIT (CTRE) and the biggest sale an exit from Netstreit (NTST).

Most Recent 13F
Q4 2025
Location
LOMBARD, IL
CIK
0002011250
Portfolio Value
$104.0M (Q4 2024)
SEC Filing
0002011250-25-000001 ↗ filed Feb 12, 2025

Holdings Value

0$50.0M$100.0M$150.0M Q1 2024: $103.9M Q1 2024 Q2 2024: $95.8M Q2 2024 Q3 2024: $106.6M Q3 2024 Q4 2024: $104.0M $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 85 stocks · $104.0M
DOCS Doximity Inc. Class A 3.12% 60,763 $3.2M Add +0.3%
DORM Dorman Products Inc. 2.47% 19,810 $2.6M Add +0.4%
GBCI Glacier Bancorp Inc. 2.39% 49,557 $2.5M Add +0.1%
PRGS Progress Software Corp. 2.28% 36,454 $2.4M Add +0.3%
INVA Innoviva Inc. 2.26% 135,439 $2.3M No change
BRC Brady Corporation Class A 2.21% 31,160 $2.3M Add +0.4%
OZK Bank Ozk 2.20% 51,447 $2.3M Add +0.1%
FBK FB Financial Corp. filed as FB FINL CORP 2.19% 44,293 $2.3M Add +0.3%
EVR Evercore Inc. Class A 2.13% 8,001 $2.2M Add +0.0%
EXLS Exlservice Holdings Inc. 2.11% 49,457 $2.2M Add +0.0%
HWKN Hawkins Inc. 2.05% 17,410 $2.1M Add +0.0%
PRI Primerica Inc. 1.98% 7,590 $2.1M Add +0.5%
WD Walker & Dunlop Inc. 1.89% 20,234 $2.0M Add +0.3%
SBCF Seacoast Banking Corp. 1.87% 70,528 $1.9M No change
CNS Cohen & Steers Inc. 1.85% 20,790 $1.9M Add +0.4%
ITRN Ituran Location and Control 1.82% 60,746 $1.9M Add +0.1%
MEDP Medpace Holdings Inc. 1.81% 5,655 $1.9M Add +0.1%
NSA National Storage Affiliates 1.76% 48,164 $1.8M Add +0.4%
VSTS Vestis Corp. 1.69% 115,561 $1.8M No change
CPRX Catalyst Pharmaceuticals Inc. 1.69% 84,060 $1.8M Reduce -0.1%
GTY Getty Realty Corp. 1.68% 58,024 $1.7M Add +0.3%
AEIS Advanced Energy Industries 1.66% 14,966 $1.7M Reduce -0.1%
CSGS CSG Systems Intl Inc. 1.64% 33,460 $1.7M Add +0.5%
THG Hanover Insurance Group Inc./ 1.63% 10,942 $1.7M No change
ALG Alamo Group Inc. 1.61% 8,985 $1.7M Add +0.0%
PFC Premier Financial Corp. 1.60% 65,071 $1.7M Add +0.0%
NXRT Nexpoint Residential 1.56% 38,940 $1.6M Add +0.1%
RLI Rli Corp. 1.55% 9,767 $1.6M Reduce -21.7%
ABM Abm Industries Inc. 1.54% 31,285 $1.6M Add +0.4%
CTRE Caretrust REIT Inc. 1.50% 57,514 $1.6M New
KAI Kadant Inc. 1.49% 4,504 $1.6M Add +0.0%
MBUU Malibu Boats Inc. Class A 1.43% 39,522 $1.5M No change
EVTC Evertec Inc. 1.40% 42,296 $1.5M Add +0.2%
ADUS Addus Homecare Corp. 1.38% 11,412 $1.4M Add +0.1%
UFPI Ufp Industries Inc. 1.37% 12,641 $1.4M Add +0.0%
NSP Insperity Inc. 1.34% 17,938 $1.4M Add +0.4%
ZD Ziff Davis Inc. 1.33% 25,424 $1.4M No change
HWC Hancock Whitney Corp. 1.31% 24,934 $1.4M Reduce -0.1%
PSTL Postal Realty Trust Inc. Class A 1.31% 104,143 $1.4M Reduce -0.1%
IOSP Innospec Inc. 1.31% 12,335 $1.4M Add +0.1%
WDFC WD-40 Co. 1.30% 5,557 $1.3M No change
AUDC Audiocodes Ltd. 1.29% 137,918 $1.3M Reduce -0.1%
USPH U.S. Physical Therapy Inc. 1.27% 14,941 $1.3M No change
NSSC Napco Security Technologies 1.27% 37,251 $1.3M Add +0.3%
GMED Globus Medical Inc. Class A 1.25% 15,736 $1.3M No change
CGNX Cognex Corp. 1.25% 36,152 $1.3M New
HBNC Horizon Bancorp Inc. 1.23% 79,595 $1.3M No change
FTRE Fortrea Holdings Inc. 1.20% 66,703 $1.2M Add +0.1%
ICFI Icf International Inc. 1.19% 10,406 $1.2M Add +0.1%
FAF First American Financial 1.17% 19,491 $1.2M No change
KLIC Kulicke & Soffa Industries 1.14% 25,467 $1.2M No change
AWR American States Water Co. filed as AMER STATES WTR CO 1.13% 15,134 $1.2M No change
HELE Helen of Troy Ltd. 1.12% 19,553 $1.2M No change
CLB Core Laboratories Inc. 0.99% 59,258 $1.0M Add +0.1%
POWI Power Integrations Inc. 0.98% 16,557 $1.0M No change
SLP Simulations Plus Inc. 0.93% 34,756 $969K No change
CZNC Citizens & Northern Corp. 0.92% 51,484 $958K No change
ASTH Astrana Health Inc. 0.90% 29,596 $933K No change
MGPI MGP Ingredients Inc. 0.74% 19,553 $770K Add +0.4%
MOAT Vaneck Morningstar Wide Moat 0.45% 5,003 $464K Reduce -2.0%
BAH Booz Allen Hamilton Holdings 0.44% 3,534 $455K Add +0.8%
PAYC Paycom Software Inc. 0.38% 1,922 $394K Add +0.9%
SNV Synovus Financial Corp. 0.36% 7,317 $375K Add +0.3%
WST West Pharmaceutical Services 0.35% 1,096 $359K Add +0.9%
OTIS Otis Worldwide Corp. 0.33% 3,702 $343K Add +0.2%
ROL Rollins Inc. 0.31% 6,983 $324K Add +0.4%
ZBRA Zebra Technologies Corp. Class A 0.31% 838 $324K Add +0.5%
TYL Tyler Technologies Inc. 0.31% 555 $320K Add +0.7%
BR Broadridge Financial Solutio 0.30% 1,377 $311K Add +0.4%
CPAY Corpay Inc. 0.30% 915 $310K Reduce -28.2%
JLL Jones Lang Lasalle Inc. 0.28% 1,171 $296K Reduce -0.3%
MTCH Match Group Inc. 0.28% 9,060 $296K Add +0.5%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.28% 1,676 $294K Add +0.4%
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.28% 3,439 $293K Add +0.7%
CHE Chemed Corp. 0.26% 511 $271K Add +0.4%
EGP Eastgroup Properties Inc. 0.26% 1,668 $268K Add +0.6%
EPAM Epam Systems Inc. 0.25% 1,118 $261K Add +1.9%
DOX Amdocs Ltd. 0.25% 3,067 $261K Add +0.6%
MSA Msa Safety Inc. 0.24% 1,522 $252K Add +0.9%
GNTX Gentex Corp. 0.24% 8,775 $252K Add +0.1%
GRMN Garmin Ltd. 0.22% 1,089 $225K New
LAMR Lamar Advertising Co. Class A 0.22% 1,843 $224K Add +0.6%
MKTX Marketaxess Holdings Inc. 0.20% 897 $203K Add +0.7%
JFR Nuveen Floating Rate Income 0.14% 16,576 $148K No change
EHI Western Asset Global High Inc. 0.08% 11,744 $78K Add +0.0%

Portfolio Sells Q3 2024 → Q4 2024
NTST Netstreit Corp. Sold out 0.00% −1.20
GNRC Generac Holdings Inc. Sold out 0.00% −1.19
LH Labcorp Holdings Inc. Sold out 0.00% −0.36
RLI Rli Corp. Reduce -21.7% 1.55% −0.26
MPWR Monolithic Power Systems Inc. Sold out 0.00% −0.20
CHKP Check Point Software Tech Sold out 0.00% −0.19
PSTL Postal Realty Trust Inc. Class A Reduce -0.1% 1.31% −0.12
CPAY Corpay Inc. Reduce -28.2% 0.30% −0.08
MOAT Vaneck Morningstar Wide Moat Reduce -2.0% 0.45% −0.02
JLL Jones Lang Lasalle Inc. Reduce -0.3% 0.28% −0.01
AUDC Audiocodes Ltd. Reduce -0.1% 1.29% +0.03
HWC Hancock Whitney Corp. Reduce -0.1% 1.31% +0.11
CPRX Catalyst Pharmaceuticals Inc. Reduce -0.1% 1.69% +0.12
AEIS Advanced Energy Industries Reduce -0.1% 1.66% +0.19

Portfolio Buys Q3 2024 → Q4 2024
CTRE Caretrust REIT Inc. New 1.50% +1.50
CGNX Cognex Corp. New 1.25% +1.25
DOCS Doximity Inc. Class A Add +0.3% 3.12% +0.64
DORM Dorman Products Inc. Add +0.4% 2.47% +0.37
EXLS Exlservice Holdings Inc. Add +0.0% 2.11% +0.34
ITRN Ituran Location and Control Add +0.1% 1.82% +0.31
GBCI Glacier Bancorp Inc. Add +0.1% 2.39% +0.27
FBK FB Financial Corp. Add +0.3% 2.19% +0.25
EVR Evercore Inc. Class A Add +0.0% 2.13% +0.23
GRMN Garmin Ltd. New 0.22% +0.22
PFC Premier Financial Corp. Add +0.0% 1.60% +0.17
OZK Bank Ozk Add +0.1% 2.20% +0.13
CSGS CSG Systems Intl Inc. Add +0.5% 1.64% +0.12
PRI Primerica Inc. Add +0.5% 1.98% +0.10
ALG Alamo Group Inc. Add +0.0% 1.61% +0.09
PAYC Paycom Software Inc. Add +0.9% 0.38% +0.08
KAI Kadant Inc. Add +0.0% 1.49% +0.07
EVTC Evertec Inc. Add +0.2% 1.40% +0.06
SNV Synovus Financial Corp. Add +0.3% 0.36% +0.06
EPAM Epam Systems Inc. Add +1.9% 0.25% +0.05
WST West Pharmaceutical Services Add +0.9% 0.35% +0.04
MEDP Medpace Holdings Inc. Add +0.1% 1.81% +0.04
BR Broadridge Financial Solutio Add +0.4% 0.30% +0.02
ZBRA Zebra Technologies Corp. Class A Add +0.5% 0.31% +0.02
CF CF Industries Holdings Inc. Add +0.7% 0.28% +0.01
JKHY Jack Henry & Associates Inc. Add +0.4% 0.28% +0.01
TYL Tyler Technologies Inc. Add +0.7% 0.31% +0.01
DOX Amdocs Ltd. Add +0.6% 0.25% +0.00
EHI Western Asset Global High Inc. Add +0.0% 0.08% −0.00
GNTX Gentex Corp. Add +0.1% 0.24% −0.00
IOSP Innospec Inc. Add +0.1% 1.31% −0.00
ABM Abm Industries Inc. Add +0.4% 1.54% −0.00
MSA Msa Safety Inc. Add +0.9% 0.24% −0.01
PRGS Progress Software Corp. Add +0.3% 2.28% −0.01
LAMR Lamar Advertising Co. Class A Add +0.6% 0.22% −0.01
BRC Brady Corporation Class A Add +0.4% 2.21% −0.02
CNS Cohen & Steers Inc. Add +0.4% 1.85% −0.02
ROL Rollins Inc. Add +0.4% 0.31% −0.02
MKTX Marketaxess Holdings Inc. Add +0.7% 0.20% −0.02
CHE Chemed Corp. Add +0.4% 0.26% −0.03
HWKN Hawkins Inc. Add +0.0% 2.05% −0.03
OTIS Otis Worldwide Corp. Add +0.2% 0.33% −0.03
EGP Eastgroup Properties Inc. Add +0.6% 0.26% −0.03
MTCH Match Group Inc. Add +0.5% 0.28% −0.04
CLB Core Laboratories Inc. Add +0.1% 0.99% −0.04
NXRT Nexpoint Residential Add +0.1% 1.56% −0.04
GTY Getty Realty Corp. Add +0.3% 1.68% −0.04
ADUS Addus Homecare Corp. Add +0.1% 1.38% −0.05
FTRE Fortrea Holdings Inc. Add +0.1% 1.20% −0.05
BAH Booz Allen Hamilton Holdings Add +0.8% 0.44% −0.10

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