Southernsun Asset Management, LLC
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Southernsun Asset Management, LLC reported 27 stock positions worth $898.0 million. Its top holding was Dycom Industries (DY) at 7.3% of the portfolio, followed by Darling Ingredients (DAR, 6.9%) and U.S. Physical Therapy (USPH, 5.8%). Compared with Q4 2023, it sold out of 2, added to 6 and reduced 21. The biggest buy was Boot Barn (BOOT, shares +9%) and the biggest sale an exit from iShares Russell 2000 ETF (IWM).
- Most Recent 13F
- Q2 2026
- Location
- Memphis, TN
- CIK
- 0001089755
- Portfolio Value
- $898.0M (Q1 2024)
- SEC Filing
- 0001213900-24-043331 ↗ filed May 15, 2024
Holdings Value
Holdings 27 stocks · $898.0M
| DY Dycom Industries Inc. | 7.29% | 456,136 | $65.5M | Reduce -18.4% |
| DAR Darling Ingredients Inc. | 6.93% | 1,337,145 | $62.2M | Add +14.5% |
| USPH U.S. Physical Therapy Inc. | 5.77% | 459,119 | $51.8M | Reduce -4.2% |
| BOOT Boot Barn Holdings Inc. | 5.74% | 541,329 | $51.5M | Add +9.3% |
| BDC Belden Inc. | 5.47% | 530,705 | $49.1M | Reduce -0.7% |
| MGPI MGP Ingredients Inc. | 5.35% | 557,683 | $48.0M | Add +18.5% |
| LPX Louisiana-Pacific Corp. | 5.16% | 552,083 | $46.3M | Reduce -4.3% |
| SAM Boston Beer Company Inc. Class A | 4.93% | 145,386 | $44.3M | Add +35.6% |
| BCO The Brink's Co. | 4.85% | 471,412 | $43.5M | Add +2.3% |
| TKR Timken Co. | 4.74% | 486,855 | $42.6M | Reduce -4.4% |
| EPAC Enerpac Tool Group Corp. | 4.72% | 1,189,550 | $42.4M | Reduce -8.1% |
| AGCO Agco Corp. | 4.60% | 335,425 | $41.3M | Reduce -2.5% |
| NGVT Ingevity Corp. | 3.92% | 738,016 | $35.2M | Reduce -0.8% |
| LOB Live Oak Bancshares Inc. | 3.76% | 813,315 | $33.8M | Reduce -4.8% |
| AWI Armstrong World Industries | 3.75% | 270,916 | $33.7M | Reduce -31.2% |
| MUSA Murphy USA Inc. | 3.73% | 79,882 | $33.5M | Reduce -10.8% |
| DORM Dorman Products Inc. | 3.69% | 343,396 | $33.1M | Reduce -1.4% |
| PII Polaris Inc. | 3.51% | 314,911 | $31.5M | Reduce -2.5% |
| THO Thor Industries Inc. | 3.17% | 242,736 | $28.5M | Reduce -10.8% |
| SCL Stepan Co. | 2.63% | 262,576 | $23.6M | Reduce -14.3% |
| MBUU Malibu Boats Inc. Class A | 2.29% | 475,049 | $20.6M | Add +5.0% |
| BR Broadridge Financial Solutio | 1.11% | 48,658 | $10.0M | Reduce -8.1% |
| WSO Watsco Inc. | 0.98% | 20,356 | $8.8M | Reduce -2.0% |
| TREX Trex Company Inc. | 0.54% | 48,965 | $4.9M | Reduce -21.0% |
| SEIC Sei Investments Company | 0.53% | 66,531 | $4.8M | Reduce -14.0% |
| IEX Idex Corp. | 0.51% | 18,860 | $4.6M | Reduce -2.1% |
| FND Floor & Decor Holdings Inc. Class A | 0.33% | 22,811 | $3.0M | Reduce -2.1% |
Portfolio Sells Q4 2023 → Q1 2024
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.73 |
| LOB Live Oak Bancshares Inc. | Reduce -4.8% | 3.76% | −0.72 |
| AWI Armstrong World Industries | Reduce -31.2% | 3.75% | −0.71 |
| SCL Stepan Co. | Reduce -14.3% | 2.63% | −0.71 |
| THO Thor Industries Inc. | Reduce -10.8% | 3.17% | −0.54 |
| AGCO Agco Corp. | Reduce -2.5% | 4.60% | −0.22 |
| BR Broadridge Financial Solutio | Reduce -8.1% | 1.11% | −0.15 |
| NGVT Ingevity Corp. | Reduce -0.8% | 3.92% | −0.13 |
| DY Dycom Industries Inc. | Reduce -18.4% | 7.29% | −0.13 |
| TREX Trex Company Inc. | Reduce -21.0% | 0.54% | −0.05 |
| WSO Watsco Inc. | Reduce -2.0% | 0.98% | −0.05 |
| SEIC Sei Investments Company | Reduce -14.0% | 0.53% | −0.03 |
| MDY State Street SPDR S&P Midcap | Sold out | 0.00% | −0.03 |
| PII Polaris Inc. | Reduce -2.5% | 3.51% | −0.02 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -2.1% | 0.33% | +0.03 |
| IEX Idex Corp. | Reduce -2.1% | 0.51% | +0.03 |
| TKR Timken Co. | Reduce -4.4% | 4.74% | +0.04 |
| MUSA Murphy USA Inc. | Reduce -10.8% | 3.73% | +0.05 |
| EPAC Enerpac Tool Group Corp. | Reduce -8.1% | 4.72% | +0.08 |
| DORM Dorman Products Inc. | Reduce -1.4% | 3.69% | +0.34 |
| LPX Louisiana-Pacific Corp. | Reduce -4.3% | 5.16% | +0.45 |
| USPH U.S. Physical Therapy Inc. | Reduce -4.2% | 5.77% | +0.63 |
| BDC Belden Inc. | Reduce -0.7% | 5.47% | +0.71 |
Portfolio Buys Q4 2023 → Q1 2024
| BOOT Boot Barn Holdings Inc. | Add +9.3% | 5.74% | +1.35 |
| SAM Boston Beer Company Inc. Class A | Add +35.6% | 4.93% | +0.66 |
| DAR Darling Ingredients Inc. | Add +14.5% | 6.93% | +0.21 |
| BCO The Brink's Co. | Add +2.3% | 4.85% | +0.18 |
| MGPI MGP Ingredients Inc. | Add +18.5% | 5.35% | +0.00 |
| MBUU Malibu Boats Inc. Class A | Add +5.0% | 2.29% | −0.57 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 29 | $742.8M | EXTR, LPX, BOOT, MUSA, CXT |
| Q1 2026 | 31 | $689.9M | DAR, MUSA, BOOT, LPX, EXTR |
| Q4 2025 | 32 | $716.4M | BCO, DAR, USPH, MUSA, LPX |
| Q3 2025 | 31 | $771.8M | BCO, USPH, MOD, LPX, MUSA |
| Q2 2025 | 31 | $712.1M | DAR, BCO, BOOT, USPH, LPX |
| Q1 2025 | 30 | $690.8M | BCO, DAR, BDC, LPX, USPH |
| Q4 2024 | 30 | $802.7M | BCO, BDC, DAR, USPH, LPX |
| Q3 2024 | 29 | $843.7M | BCO, BDC, DAR, MGPI, LPX |
| Q2 2024 | 27 | $829.1M | DY, MGPI, BOOT, DAR, BDC |
| Q1 2024 | 27 | $898.0M | DY, DAR, USPH, BOOT, BDC |