QSV Equity Investors LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), QSV Equity Investors LLC reported 87 stock positions worth $96.6 million. Its top holding was Dorman Products (DORM) at 2.5% of the portfolio, followed by Exlservice (EXLS, 2.4%) and Bank Ozk (OZK, 2.3%). Compared with Q4 2024, it opened 10 new positions, sold out of 8, added to 9 and reduced 65. The biggest buy was a new position in Wesbanco (WSBC) and the biggest sale an exit from Doximity Class A (DOCS).

Most Recent 13F
Q4 2025
Location
LOMBARD, IL
CIK
0002011250
Portfolio Value
$96.6M (Q1 2025)
SEC Filing
0002011250-25-000002 ↗ filed May 14, 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 Q4 2024 Q1 2025: $96.6M $96.6M Q1 2025 Q2 2025: $96.0M Q2 2025 Q3 2025: $97.9M Q3 2025 Q4 2025: $67.6M Q4 2025

Holdings 87 stocks · $96.6M

DORM Dorman Products Inc. 2.47% 19,769 $2.4M Reduce -0.2%
EXLS Exlservice Holdings Inc. 2.41% 49,345 $2.3M Reduce -0.2%
OZK Bank Ozk 2.31% 51,312 $2.2M Reduce -0.3%
BRC Brady Corporation Class A 2.27% 31,095 $2.2M Reduce -0.2%
GBCI Glacier Bancorp Inc. 2.26% 49,432 $2.2M Reduce -0.3%
PRI Primerica Inc. 2.23% 7,575 $2.2M Reduce -0.2%
CPRX Catalyst Pharmaceuticals Inc. 2.11% 83,864 $2.0M Reduce -0.2%
CSGS CSG Systems Intl Inc. 2.09% 33,391 $2.0M Reduce -0.2%
THG Hanover Insurance Group Inc./ 1.97% 10,917 $1.9M Reduce -0.2%
NSA National Storage Affiliates 1.96% 48,065 $1.9M Reduce -0.2%
PRGS Progress Software Corp. 1.94% 36,376 $1.9M Reduce -0.2%
INVA Innoviva Inc. 1.92% 102,093 $1.9M Reduce -24.6%
SBCF Seacoast Banking Corp. 1.87% 70,363 $1.8M Reduce -0.2%
GTY Getty Realty Corp. 1.87% 57,902 $1.8M Reduce -0.2%
ITRN Ituran Location and Control 1.85% 49,557 $1.8M Reduce -18.4%
WD Walker & Dunlop Inc. 1.78% 20,191 $1.7M Reduce -0.2%
MEDP Medpace Holdings Inc. 1.78% 5,641 $1.7M Reduce -0.3%
CTRE Caretrust REIT Inc. 1.70% 57,395 $1.6M Reduce -0.2%
WSBC Wesbanco Inc. 1.66% 51,940 $1.6M New
ALG Alamo Group Inc. 1.65% 8,965 $1.6M Reduce -0.2%
NSP Insperity Inc. 1.65% 17,902 $1.6M Reduce -0.2%
EVR Evercore Inc. Class A 1.65% 7,983 $1.6M Reduce -0.2%
FBK FB Financial Corp. filed as FB FINL CORP 1.64% 34,200 $1.6M Reduce -22.8%
NXRT Nexpoint Residential 1.62% 39,698 $1.6M Add +1.9%
RLI Rli Corp. 1.62% 19,489 $1.6M Reduce -0.2%
EVTC Evertec Inc. 1.61% 42,209 $1.6M Reduce -0.2%
LXP LXP Industrial Trust 1.57% 174,912 $1.5M New
ICFI Icf International Inc. 1.56% 17,716 $1.5M Add +70.3%
PSTL Postal Realty Trust Inc. Class A 1.54% 103,910 $1.5M Reduce -0.2%
ABM Abm Industries Inc. 1.53% 31,220 $1.5M Reduce -0.2%
AEIS Advanced Energy Industries 1.47% 14,933 $1.4M Reduce -0.2%
WDFC WD-40 Co. 1.40% 5,545 $1.4M Reduce -0.2%
UFPI Ufp Industries Inc. 1.40% 12,613 $1.4M Reduce -0.2%
CLB Core Laboratories Inc. 1.37% 88,455 $1.3M Add +49.3%
HWKN Hawkins Inc. 1.36% 12,426 $1.3M Reduce -28.6%
HWC Hancock Whitney Corp. 1.35% 24,877 $1.3M Reduce -0.2%
AUDC Audiocodes Ltd. 1.34% 137,594 $1.3M Reduce -0.2%
SLP Simulations Plus Inc. 1.33% 52,468 $1.3M Add +51.0%
FAF First American Financial 1.32% 19,447 $1.3M Reduce -0.2%
LBRT Liberty Energy Inc. 1.29% 78,566 $1.2M New
KAI Kadant Inc. 1.28% 3,670 $1.2M Reduce -18.5%
ASTH Astrana Health Inc. 1.28% 39,786 $1.2M Add +34.4%
MBUU Malibu Boats Inc. Class A 1.25% 39,437 $1.2M Reduce -0.2%
CNS Cohen & Steers Inc. 1.25% 15,009 $1.2M Reduce -27.8%
HBNC Horizon Bancorp Inc. 1.24% 79,409 $1.2M Reduce -0.2%
ZD Ziff Davis Inc. 1.23% 31,699 $1.2M Add +24.7%
AWR American States Water Co. filed as AMER STATES WTR CO 1.23% 15,101 $1.2M Reduce -0.2%
IOSP Innospec Inc. 1.21% 12,307 $1.2M Reduce -0.2%
GMED Globus Medical Inc. Class A 1.19% 15,701 $1.1M Reduce -0.2%
POWI Power Integrations Inc. 1.19% 22,752 $1.1M Add +37.4%
VSTS Vestis Corp. 1.18% 115,297 $1.1M Reduce -0.2%
KLIC Kulicke & Soffa Industries 1.18% 34,573 $1.1M Add +35.8%
ADUS Addus Homecare Corp. 1.17% 11,386 $1.1M Reduce -0.2%
USPH U.S. Physical Therapy Inc. 1.12% 14,908 $1.1M Reduce -0.2%
CGNX Cognex Corp. 1.11% 36,073 $1.1M Reduce -0.2%
HELE Helen of Troy Ltd. 1.08% 19,507 $1.0M Reduce -0.2%
CZNC Citizens & Northern Corp. 1.07% 51,366 $1.0M Reduce -0.2%
WHD Cactus Inc. Class A 1.04% 22,015 $1.0M New
MGPI MGP Ingredients Inc. 0.54% 17,738 $521K Reduce -9.3%
MOAT Vaneck Morningstar Wide Moat 0.46% 5,003 $440K No change
PAYC Paycom Software Inc. 0.43% 1,912 $418K Reduce -0.5%
LH Labcorp Holdings Inc. 0.41% 1,693 $394K New
OTIS Otis Worldwide Corp. 0.39% 3,679 $380K Reduce -0.6%
ROL Rollins Inc. 0.39% 6,942 $375K Reduce -0.6%
SNV Synovus Financial Corp. 0.35% 7,279 $340K Reduce -0.5%
BR Broadridge Financial Solutio 0.34% 1,368 $332K Reduce -0.7%
ARE Alexandria Real Estate Equit 0.33% 3,470 $321K New
TYL Tyler Technologies Inc. 0.33% 552 $321K Reduce -0.5%
CPAY Corpay Inc. 0.32% 910 $313K Reduce -0.6%
CHE Chemed Corp. 0.32% 508 $313K Reduce -0.6%
JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC 0.32% 1,669 $305K Reduce -0.4%
EGP Eastgroup Properties Inc. 0.30% 1,661 $293K Reduce -0.4%
JLL Jones Lang Lasalle Inc. 0.30% 1,164 $289K Reduce -0.6%
MTCH Match Group Inc. 0.29% 9,026 $282K Reduce -0.4%
DOX Amdocs Ltd. 0.29% 3,053 $279K Reduce -0.5%
CPB The Campbell's Company 0.29% 6,992 $279K New
CF CF Industries Holdings Inc. filed as CF INDS HLDGS INC 0.28% 3,425 $268K Reduce -0.4%
HAL Halliburton Co. 0.27% 10,246 $260K New
BAH Booz Allen Hamilton Holdings 0.27% 2,479 $259K Reduce -29.9%
ICLR Icon PLC 0.27% 1,466 $257K New
GNTX Gentex Corp. 0.26% 10,847 $253K Add +23.6%
DINO HF Sinclair Corp. 0.26% 7,599 $250K New
WST West Pharmaceutical Services 0.25% 1,091 $244K Reduce -0.5%
ZBRA Zebra Technologies Corp. Class A 0.24% 833 $235K Reduce -0.6%
MSA Msa Safety Inc. 0.23% 1,516 $222K Reduce -0.4%
JFR Nuveen Floating Rate Income 0.15% 16,576 $140K No change
EHI Western Asset Global High Inc. 0.08% 11,744 $78K No change

Portfolio Sells Q4 2024 → Q1 2025

DOCS Doximity Inc. Class A Sold out 0.00% −3.12
PFC Premier Financial Corp. Sold out 0.00% −1.60
NSSC Napco Security Technologies Sold out 0.00% −1.27
FTRE Fortrea Holdings Inc. Sold out 0.00% −1.20
HWKN Hawkins Inc. Reduce -28.6% 1.36% −0.69
CNS Cohen & Steers Inc. Reduce -27.8% 1.25% −0.60
FBK FB Financial Corp. Reduce -22.8% 1.64% −0.55
VSTS Vestis Corp. Reduce -0.2% 1.18% −0.51
EVR Evercore Inc. Class A Reduce -0.2% 1.65% −0.48
PRGS Progress Software Corp. Reduce -0.2% 1.94% −0.34
INVA Innoviva Inc. Reduce -24.6% 1.92% −0.34
EPAM Epam Systems Inc. Sold out 0.00% −0.25
GRMN Garmin Ltd. Sold out 0.00% −0.22
LAMR Lamar Advertising Co. Class A Sold out 0.00% −0.22
KAI Kadant Inc. Reduce -18.5% 1.28% −0.21
ADUS Addus Homecare Corp. Reduce -0.2% 1.17% −0.21
MGPI MGP Ingredients Inc. Reduce -9.3% 0.54% −0.20
MKTX Marketaxess Holdings Inc. Sold out 0.00% −0.20
AEIS Advanced Energy Industries Reduce -0.2% 1.47% −0.19
MBUU Malibu Boats Inc. Class A Reduce -0.2% 1.25% −0.18
BAH Booz Allen Hamilton Holdings Reduce -29.9% 0.27% −0.17
USPH U.S. Physical Therapy Inc. Reduce -0.2% 1.12% −0.16
CGNX Cognex Corp. Reduce -0.2% 1.11% −0.13
GBCI Glacier Bancorp Inc. Reduce -0.3% 2.26% −0.13
WD Walker & Dunlop Inc. Reduce -0.2% 1.78% −0.11
IOSP Innospec Inc. Reduce -0.2% 1.21% −0.10
WST West Pharmaceutical Services Reduce -0.5% 0.25% −0.09
ZBRA Zebra Technologies Corp. Class A Reduce -0.6% 0.24% −0.07
GMED Globus Medical Inc. Class A Reduce -0.2% 1.19% −0.06
HELE Helen of Troy Ltd. Reduce -0.2% 1.08% −0.04
MEDP Medpace Holdings Inc. Reduce -0.3% 1.78% −0.03
MSA Msa Safety Inc. Reduce -0.4% 0.23% −0.01
ABM Abm Industries Inc. Reduce -0.2% 1.53% −0.01
SNV Synovus Financial Corp. Reduce -0.5% 0.35% −0.01
CF CF Industries Holdings Inc. Reduce -0.4% 0.28% −0.01
DORM Dorman Products Inc. Reduce -0.2% 2.47% −0.00
MTCH Match Group Inc. Reduce -0.4% 0.29% +0.01
HBNC Horizon Bancorp Inc. Reduce -0.2% 1.24% +0.01
SBCF Seacoast Banking Corp. Reduce -0.2% 1.87% +0.01
JLL Jones Lang Lasalle Inc. Reduce -0.6% 0.30% +0.01
TYL Tyler Technologies Inc. Reduce -0.5% 0.33% +0.02
CPAY Corpay Inc. Reduce -0.6% 0.32% +0.03
UFPI Ufp Industries Inc. Reduce -0.2% 1.40% +0.03
JKHY Jack Henry & Associates Inc. Reduce -0.4% 0.32% +0.03
ITRN Ituran Location and Control Reduce -18.4% 1.85% +0.04
DOX Amdocs Ltd. Reduce -0.5% 0.29% +0.04
HWC Hancock Whitney Corp. Reduce -0.2% 1.35% +0.04
BR Broadridge Financial Solutio Reduce -0.7% 0.34% +0.04
EGP Eastgroup Properties Inc. Reduce -0.4% 0.30% +0.05
ALG Alamo Group Inc. Reduce -0.2% 1.65% +0.05

Portfolio Buys Q4 2024 → Q1 2025

WSBC Wesbanco Inc. New 1.66% +1.66
LXP LXP Industrial Trust New 1.57% +1.57
LBRT Liberty Energy Inc. New 1.29% +1.29
WHD Cactus Inc. Class A New 1.04% +1.04
LH Labcorp Holdings Inc. New 0.41% +0.41
SLP Simulations Plus Inc. Add +51.0% 1.33% +0.40
CLB Core Laboratories Inc. Add +49.3% 1.37% +0.39
ASTH Astrana Health Inc. Add +34.4% 1.28% +0.38
ICFI Icf International Inc. Add +70.3% 1.56% +0.37
ARE Alexandria Real Estate Equit New 0.33% +0.33
CPB The Campbell's Company New 0.29% +0.29
HAL Halliburton Co. New 0.27% +0.27
ICLR Icon PLC New 0.27% +0.27
DINO HF Sinclair Corp. New 0.26% +0.26
POWI Power Integrations Inc. Add +37.4% 1.19% +0.21
NXRT Nexpoint Residential Add +1.9% 1.62% +0.06
KLIC Kulicke & Soffa Industries Add +35.8% 1.18% +0.04
GNTX Gentex Corp. Add +23.6% 0.26% +0.02
ZD Ziff Davis Inc. Add +24.7% 1.23% −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