Sapience Investments, LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Sapience Investments, LLC reported 85 stock positions worth $301.7 million. Its top holding was Treehouse Foods (THS) at 2.9% of the portfolio, followed by Stericycle (SRCL, 2.5%) and Webster Financial (WBS, 2.5%). Compared with Q4 2023, it opened 5 new positions, sold out of 1, added to 3 and reduced 64. The biggest buy was a new position in Lumentum (LITE) and the biggest sale Banner (BANR, shares −47%).

Most Recent 13F
Q1 2026
Location
Irvine, CA
CIK
0001682598
Portfolio Value
$301.7M (Q1 2024)
SEC Filing
0001172661-24-002384 ↗ filed May 15, 2024

Holdings Value

0$100.0M$200.0M$300.0M$400.0M Q1 2024: $301.7M $301.7M Q1 2024 Q2 2024: $195.7M Q2 2024 Q3 2024: $202.2M Q3 2024 Q4 2024: $171.3M Q4 2024 Q1 2025: $139.9M Q1 2025 Q2 2025: $149.7M Q2 2025 Q3 2025: $25.5M Q3 2025 Q4 2025: $26.5M Q4 2025 Q1 2026: $772K Q1 2026

Holdings 85 stocks · $301.7M

THS Treehouse Foods Inc. 2.89% 224,212 $8.7M Reduce -25.3%
SRCL Stericycle Inc. 2.50% 142,896 $7.5M Reduce -33.9%
WBS Webster Financial Corp. 2.50% 148,248 $7.5M Reduce -32.2%
SIX Six Flags Entertainment Corp. 2.42% 277,739 $7.3M Reduce -32.4%
KEX Kirby Corp. 2.23% 70,458 $6.7M Reduce -32.8%
USFD US Foods Holding Corp. 2.15% 120,004 $6.5M Reduce -49.1%
VNOM Viper Energy Inc. 2.14% 168,029 $6.5M Reduce -34.7%
EYE National Vision Holdings Inc. 2.06% 280,335 $6.2M Reduce -32.2%
OPLN Openlane Inc. 2.05% 357,736 $6.2M Reduce -31.8%
WTFC Wintrust Financial Corp. 2.05% 59,114 $6.2M Reduce -32.3%
IDA Idacorp Inc. 1.94% 62,994 $5.9M Reduce -32.3%
ESAB Esab Corp. 1.93% 52,751 $5.8M Reduce -35.0%
BPOP Popular Inc. 1.90% 65,086 $5.7M Reduce -32.1%
VRNS Varonis Systems Inc. 1.84% 117,451 $5.5M Reduce -38.4%
IART Integra Lifesciences Holding 1.83% 155,797 $5.5M Reduce -32.6%
ELAN Elanco Animal Health Inc. 1.81% 336,092 $5.5M Reduce -32.3%
POST Post Holdings Inc. filed as POST HLDGS INC 1.81% 51,479 $5.5M Reduce -32.0%
CHX Championx Corp. 1.78% 149,704 $5.4M Reduce -34.9%
GBCI Glacier Bancorp Inc. 1.76% 132,063 $5.3M Reduce -32.5%
ARCO Arcos Dorados Holdings Inc. Class A 1.76% 478,333 $5.3M Reduce -23.6%
DESP Despegar.com Corp. 1.76% 444,077 $5.3M Reduce -34.7%
ESNT Essent Group Ltd. 1.72% 87,048 $5.2M Reduce -31.1%
LBRT Liberty Energy Inc. 1.71% 248,667 $5.2M Reduce -32.6%
HR Healthcare Realty Trust Inc. 1.69% 359,710 $5.1M Reduce -32.2%
NVST Envista Holdings Corp. 1.66% 234,370 $5.0M Reduce -32.6%
CDP Copt Defense Properties 1.63% 202,816 $4.9M Reduce -32.2%
BDC Belden Inc. 1.62% 52,825 $4.9M Reduce -34.7%
ATI Ati Inc. 1.61% 95,112 $4.9M Reduce -40.0%
NGVT Ingevity Corp. 1.60% 101,130 $4.8M Reduce -34.7%
NPO Enpro Inc. 1.53% 27,363 $4.6M Reduce -34.6%
NOG Northern Oil and Gas Inc. 1.53% 116,341 $4.6M Reduce -34.5%
UCTT Ultra Clean Holdings Inc. 1.52% 99,987 $4.6M Reduce -34.9%
WHD Cactus Inc. Class A 1.51% 90,664 $4.5M Reduce -34.7%
ACHC Acadia Healthcare Co. Inc. 1.49% 56,683 $4.5M Reduce -34.9%
BANR Banner Corporation 1.45% 91,354 $4.4M Reduce -47.1%
LECO Lincoln Electric Holdings 1.44% 17,006 $4.3M Reduce -31.4%
ABCB Ameris Bancorp 1.43% 89,431 $4.3M Reduce -43.1%
ZWS Zurn Elkay Water Solutions C 1.41% 127,042 $4.3M Reduce -34.9%
AGO Assured Guaranty Ltd. 1.40% 48,377 $4.2M Reduce -44.0%
LILA Liberty Latin Americ Class A 1.33% 573,722 $4.0M Reduce -11.1%
AHCO Adapthealth Corp. 1.31% 342,479 $3.9M Reduce -8.8%
CRK Comstock Resources Inc. 1.28% 416,861 $3.9M Reduce -12.7%
HWC Hancock Whitney Corp. 1.27% 83,365 $3.8M Reduce -34.7%
POR Portland General Electric Co. 1.27% 91,018 $3.8M Reduce -35.0%
FOUR SHIFT4 Payments Inc. Class A 1.25% 57,200 $3.8M Reduce -34.8%
PLYM Plymouth Industrial REIT Inc. 1.24% 166,778 $3.8M Reduce -34.8%
CAKE The Cheesecake Factory Inc. 1.23% 103,018 $3.7M Reduce -35.0%
EVTC Evertec Inc. 1.21% 91,835 $3.7M Reduce -7.5%
FHB First Hawaiian Inc. 1.20% 164,636 $3.6M Reduce -34.9%
HAYW Hayward Holdings Inc. 1.13% 223,175 $3.4M Reduce -17.8%
HLIO Helios Technologies Inc. 1.12% 75,602 $3.4M Reduce -15.5%
CMRC Commerce.com Inc. filed as BIGCOMMERCE HLDGS INC 1.09% 477,795 $3.3M Reduce -34.9%
VITL Vital Farms Inc. 1.06% 137,494 $3.2M Reduce -46.6%
ROIC Retail Opportunity Investmen 1.03% 241,896 $3.1M Reduce -35.0%
NTB Bank of N.T. Butterfield&son 0.99% 93,787 $3.0M Reduce -34.7%
BUSE First Busey Corp. 0.98% 122,863 $3.0M Reduce -34.1%
TEX Terex Corp. 0.96% 44,786 $2.9M Reduce -49.1%
BRBR Bellring Brands Inc. 0.92% 47,019 $2.8M Reduce -34.7%
OZK Bank Ozk 0.92% 61,054 $2.8M Reduce -34.8%
LITE Lumentum Holdings Inc. 0.92% 58,420 $2.8M New
HAS Hasbro Inc. 0.31% 16,515 $933K Add +12.4%
AME Ametek Inc. 0.29% 4,820 $882K Reduce -0.3%
RRX Regal Rexnord Corp. 0.29% 4,836 $871K Reduce -0.2%
FANG Diamondback Energy Inc. 0.26% 4,002 $793K No change
EHC Encompass Health Corp. 0.25% 9,195 $759K Reduce -5.9%
EWBC East West Bancorp Inc. 0.24% 9,129 $722K No change
RNR Renaissancere Holdings Ltd. 0.23% 3,007 $707K No change
LKQ LKQ Corp. 0.22% 12,374 $661K No change
AL Sumisho Air Lease Corp. filed as AIR LEASE CORP 0.22% 12,756 $656K New
QRVO Qorvo Inc. 0.22% 5,688 $653K Add +1.9%
WAB Wabtec Corp. 0.21% 4,433 $646K Reduce -11.1%
EQT Eqt Corp. 0.21% 17,232 $639K Add +19.5%
CRL Charles River Laboratories 0.21% 2,353 $638K No change
NDSN Nordson Corp. 0.21% 2,282 $627K No change
COHR Coherent Corp. 0.21% 10,272 $623K New
WRK Westrock Co. 0.20% 12,025 $595K No change
BRX Brixmor Property Group Inc. 0.19% 24,344 $571K No change
SEE Sealed Air Corp. 0.18% 14,842 $552K No change
TWLO Twilio Inc. Class A 0.18% 8,896 $544K Reduce -1.7%
SLGN Silgan Holdings Inc. 0.18% 11,160 $542K No change
CPAY Corpay Inc. 0.16% 1,570 $484K No change
AIT Applied Industrial Tech Inc. 0.16% 2,408 $476K New
OVV Ovintiv Inc. 0.14% 8,306 $431K No change
ESTC Elastic NV 0.13% 3,950 $396K New
NDAQ Nasdaq Inc. 0.11% 5,270 $333K No change

Portfolio Sells Q4 2023 → Q1 2024

BANR Banner Corporation Reduce -47.1% 1.45% −0.75
CMRC Commerce.com Inc. Reduce -34.9% 1.09% −0.61
IART Integra Lifesciences Holding Reduce -32.6% 1.83% −0.57
ABCB Ameris Bancorp Reduce -43.1% 1.43% −0.55
HR Healthcare Realty Trust Inc. Reduce -32.2% 1.69% −0.49
USFD US Foods Holding Corp. Reduce -49.1% 2.15% −0.40
NVST Envista Holdings Corp. Reduce -32.6% 1.66% −0.33
FOUR SHIFT4 Payments Inc. Class A Reduce -34.8% 1.25% −0.30
TEX Terex Corp. Reduce -49.1% 0.96% −0.25
IDA Idacorp Inc. Reduce -32.3% 1.94% −0.24
PLYM Plymouth Industrial REIT Inc. Reduce -34.8% 1.24% −0.22
VRNS Varonis Systems Inc. Reduce -38.4% 1.84% −0.22
ROIC Retail Opportunity Investmen Reduce -35.0% 1.03% −0.21
HWC Hancock Whitney Corp. Reduce -34.7% 1.27% −0.20
CDP Copt Defense Properties Reduce -32.2% 1.63% −0.20
OZK Bank Ozk Reduce -34.8% 0.92% −0.19
FHB First Hawaiian Inc. Reduce -34.9% 1.20% −0.18
POR Portland General Electric Co. Reduce -35.0% 1.27% −0.18
GBCI Glacier Bancorp Inc. Reduce -32.5% 1.76% −0.16
CTLT Catalent Inc. Sold out 0.00% −0.15
WBS Webster Financial Corp. Reduce -32.2% 2.50% −0.15
NGVT Ingevity Corp. Reduce -34.7% 1.60% −0.14
AGO Assured Guaranty Ltd. Reduce -44.0% 1.40% −0.14
ARCO Arcos Dorados Holdings Inc. Class A Reduce -23.6% 1.76% −0.13
ACHC Acadia Healthcare Co. Inc. Reduce -34.9% 1.49% −0.12
BUSE First Busey Corp. Reduce -34.1% 0.98% −0.12
ATI Ati Inc. Reduce -40.0% 1.61% −0.10
NTB Bank of N.T. Butterfield&son Reduce -34.7% 0.99% −0.10
CAKE The Cheesecake Factory Inc. Reduce -35.0% 1.23% −0.09
THS Treehouse Foods Inc. Reduce -25.3% 2.89% −0.07
SRCL Stericycle Inc. Reduce -33.9% 2.50% −0.05
NOG Northern Oil and Gas Inc. Reduce -34.5% 1.53% −0.04
NPO Enpro Inc. Reduce -34.6% 1.53% −0.03
BRBR Bellring Brands Inc. Reduce -34.7% 0.92% −0.03
SIX Six Flags Entertainment Corp. Reduce -32.4% 2.42% −0.03
EYE National Vision Holdings Inc. Reduce -32.2% 2.06% −0.00
WHD Cactus Inc. Class A Reduce -34.7% 1.51% +0.01
TWLO Twilio Inc. Class A Reduce -1.7% 0.18% +0.02
BPOP Popular Inc. Reduce -32.1% 1.90% +0.03
ZWS Zurn Elkay Water Solutions C Reduce -34.9% 1.41% +0.04
ELAN Elanco Animal Health Inc. Reduce -32.3% 1.81% +0.05
WAB Wabtec Corp. Reduce -11.1% 0.21% +0.06
EHC Encompass Health Corp. Reduce -5.9% 0.25% +0.10
VITL Vital Farms Inc. Reduce -46.6% 1.06% +0.10
AME Ametek Inc. Reduce -0.3% 0.29% +0.10
LBRT Liberty Energy Inc. Reduce -32.6% 1.71% +0.11
WTFC Wintrust Financial Corp. Reduce -32.3% 2.05% +0.12
RRX Regal Rexnord Corp. Reduce -0.2% 0.29% +0.12
ESNT Essent Group Ltd. Reduce -31.1% 1.72% +0.13
BDC Belden Inc. Reduce -34.7% 1.62% +0.13

Portfolio Buys Q4 2023 → Q1 2024

LITE Lumentum Holdings Inc. New 0.92% +0.92
AL Sumisho Air Lease Corp. New 0.22% +0.22
COHR Coherent Corp. New 0.21% +0.21
AIT Applied Industrial Tech Inc. New 0.16% +0.16
ESTC Elastic NV New 0.13% +0.13
HAS Hasbro Inc. Add +12.4% 0.31% +0.13
EQT Eqt Corp. Add +19.5% 0.21% +0.08
QRVO Qorvo Inc. Add +1.9% 0.22% +0.07

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q1 2026 114$772KCOHR, RRX, OPLN, WTFC, ACHC
Q4 2025 48$26.5MNCLH, ELF, WBS, ATI, TWLO
Q3 2025 48$25.5MCOHR, ATI, WBS, RRX, BRBR
Q2 2025 89$149.7MWBS, WTFC, FUN, PZZA, BPOP
Q1 2025 88$139.9MWBS, IDA, IART, WTFC, HR
Q4 2024 86$171.3MWBS, FUN, WTFC, HR, IDA
Q3 2024 86$202.2MTHS, WBS, HR, GBCI, IDA
Q2 2024 85$195.7MSIX, THS, WBS, HR, ACHC
Q1 2024 85$301.7MTHS, SRCL, WBS, SIX, KEX