Southernsun Asset Management, LLC
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 14, 2025), Southernsun Asset Management, LLC reported 30 stock positions worth $690.8 million. Its top holding was Brink's (BCO) at 7.1% of the portfolio, followed by Darling Ingredients (DAR, 6.5%) and Belden (BDC, 6.5%). Compared with Q4 2024, it opened 2 new positions, sold out of 2, added to 10 and reduced 18. The biggest buy was a new position in Modine Manufacturing (MOD) and the biggest sale an exit from Polaris (PII).
- Most Recent 13F
- Q2 2026
- Location
- Memphis, TN
- CIK
- 0001089755
- Portfolio Value
- $690.8M (Q1 2025)
- SEC Filing
- 0001213900-25-043117 ↗ filed May 14, 2025
Holdings Value
Holdings 30 stocks · $690.8M
| BCO The Brink's Co. | 7.11% | 569,730 | $49.1M | Reduce -4.7% |
| DAR Darling Ingredients Inc. | 6.50% | 1,437,331 | $44.9M | Reduce -8.3% |
| BDC Belden Inc. | 6.45% | 444,475 | $44.6M | Reduce -6.4% |
| LPX Louisiana-Pacific Corp. | 6.10% | 458,091 | $42.1M | Reduce -5.4% |
| USPH U.S. Physical Therapy Inc. | 5.70% | 543,812 | $39.4M | Reduce -4.9% |
| BOOT Boot Barn Holdings Inc. | 5.43% | 348,988 | $37.5M | Add +15.9% |
| AGCO Agco Corp. | 5.36% | 399,774 | $37.0M | Reduce -2.5% |
| AWI Armstrong World Industries | 4.77% | 234,035 | $33.0M | Reduce -5.9% |
| TKR Timken Co. | 4.66% | 447,447 | $32.2M | Reduce -14.0% |
| EPAC Enerpac Tool Group Corp. | 4.53% | 697,215 | $31.3M | Reduce -17.3% |
| MUSA Murphy USA Inc. | 4.48% | 65,857 | $30.9M | Reduce -5.7% |
| DY Dycom Industries Inc. | 3.96% | 179,692 | $27.4M | Reduce -19.4% |
| DORM Dorman Products Inc. | 3.88% | 222,590 | $26.8M | Reduce -12.1% |
| SAM Boston Beer Company Inc. Class A | 3.82% | 110,427 | $26.4M | Reduce -9.5% |
| NGVT Ingevity Corp. | 3.51% | 612,146 | $24.2M | Reduce -10.8% |
| LOB Live Oak Bancshares Inc. | 3.37% | 871,934 | $23.2M | Add +9.4% |
| SCL Stepan Co. | 3.00% | 376,009 | $20.7M | Reduce -2.0% |
| MOD Modine Manufacturing Co. | 2.61% | 235,344 | $18.1M | New |
| OXM Oxford Industries Inc. | 2.50% | 294,090 | $17.3M | Add +14.1% |
| AEIS Advanced Energy Industries | 2.07% | 150,364 | $14.3M | Add +30.0% |
| THO Thor Industries Inc. | 1.78% | 162,215 | $12.3M | Reduce -5.9% |
| BR Broadridge Financial Solutio | 1.67% | 47,444 | $11.5M | Reduce -2.6% |
| EXTR Extreme Networks Inc. | 1.12% | 584,421 | $7.7M | New |
| WSO Watsco Inc. | 1.05% | 14,263 | $7.2M | Reduce -14.5% |
| APG Api Group Corp. | 0.96% | 185,388 | $6.6M | Add +0.2% |
| GNRC Generac Holdings Inc. | 0.93% | 50,597 | $6.4M | Add +13.5% |
| VMI Valmont Industries | 0.88% | 21,224 | $6.1M | Add +0.2% |
| SEIC Sei Investments Company | 0.75% | 66,836 | $5.2M | Add +0.3% |
| FND Floor & Decor Holdings Inc. Class A | 0.59% | 50,361 | $4.1M | Add +18.4% |
| TREX Trex Company Inc. | 0.49% | 58,106 | $3.4M | Add +0.2% |
Portfolio Sells Q4 2024 → Q1 2025
| PII Polaris Inc. | Sold out | 0.00% | −2.05 |
| DY Dycom Industries Inc. | Reduce -19.4% | 3.96% | −0.87 |
| SAM Boston Beer Company Inc. Class A | Reduce -9.5% | 3.82% | −0.74 |
| USPH U.S. Physical Therapy Inc. | Reduce -4.9% | 5.70% | −0.62 |
| IWM iShares Russell 2000 ETF | Sold out | 0.00% | −0.28 |
| THO Thor Industries Inc. | Reduce -5.9% | 1.78% | −0.27 |
| BDC Belden Inc. | Reduce -6.4% | 6.45% | −0.21 |
| DORM Dorman Products Inc. | Reduce -12.1% | 3.88% | −0.20 |
| LPX Louisiana-Pacific Corp. | Reduce -5.4% | 6.10% | −0.15 |
| SCL Stepan Co. | Reduce -2.0% | 3.00% | −0.10 |
| DAR Darling Ingredients Inc. | Reduce -8.3% | 6.50% | −0.08 |
| NGVT Ingevity Corp. | Reduce -10.8% | 3.51% | +0.02 |
| TKR Timken Co. | Reduce -14.0% | 4.66% | +0.03 |
| WSO Watsco Inc. | Reduce -14.5% | 1.05% | +0.06 |
| MUSA Murphy USA Inc. | Reduce -5.7% | 4.48% | +0.12 |
| BCO The Brink's Co. | Reduce -4.7% | 7.11% | +0.20 |
| EPAC Enerpac Tool Group Corp. | Reduce -17.3% | 4.53% | +0.21 |
| BR Broadridge Financial Solutio | Reduce -2.6% | 1.67% | +0.29 |
| AWI Armstrong World Industries | Reduce -5.9% | 4.77% | +0.39 |
| AGCO Agco Corp. | Reduce -2.5% | 5.36% | +0.58 |
Portfolio Buys Q4 2024 → Q1 2025
| MOD Modine Manufacturing Co. | New | 2.61% | +2.61 |
| EXTR Extreme Networks Inc. | New | 1.12% | +1.12 |
| AEIS Advanced Energy Industries | Add +30.0% | 2.07% | +0.41 |
| APG Api Group Corp. | Add +0.2% | 0.96% | +0.13 |
| VMI Valmont Industries | Add +0.2% | 0.88% | +0.07 |
| GNRC Generac Holdings Inc. | Add +13.5% | 0.93% | +0.07 |
| SEIC Sei Investments Company | Add +0.3% | 0.75% | +0.07 |
| FND Floor & Decor Holdings Inc. Class A | Add +18.4% | 0.59% | +0.06 |
| TREX Trex Company Inc. | Add +0.2% | 0.49% | −0.01 |
| OXM Oxford Industries Inc. | Add +14.1% | 2.50% | −0.03 |
| BOOT Boot Barn Holdings Inc. | Add +15.9% | 5.43% | −0.27 |
| LOB Live Oak Bancshares Inc. | Add +9.4% | 3.37% | −0.56 |
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 |