Southernsun Asset Management, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Southernsun Asset Management, LLC reported 31 stock positions worth $712.1 million. Its top holding was Darling Ingredients (DAR) at 7.0% of the portfolio, followed by Brink's (BCO, 6.1%) and Boot Barn (BOOT, 5.6%). Compared with Q1 2025, it opened 2 new positions, sold out of 1, added to 14 and reduced 15. The biggest buy was a new position in Msa Safety (MSA) and the biggest sale an exit from Oxford Industries (OXM).
- Most Recent 13F
- Q2 2026
- Location
- Memphis, TN
- CIK
- 0001089755
- Portfolio Value
- $712.1M (Q2 2025)
- SEC Filing
- 0001213900-25-076093 ↗ filed Aug 14, 2025
Holdings Value
Holdings 31 stocks · $712.1M
| DAR Darling Ingredients Inc. | 7.02% | 1,316,772 | $50.0M | Reduce -8.4% |
| BCO The Brink's Co. | 6.08% | 485,220 | $43.3M | Reduce -14.8% |
| BOOT Boot Barn Holdings Inc. | 5.62% | 263,356 | $40.0M | Reduce -24.5% |
| USPH U.S. Physical Therapy Inc. | 5.58% | 507,841 | $39.7M | Reduce -6.6% |
| LPX Louisiana-Pacific Corp. | 5.23% | 433,260 | $37.3M | Reduce -5.4% |
| BDC Belden Inc. | 5.21% | 320,416 | $37.1M | Reduce -27.9% |
| AGCO Agco Corp. | 5.10% | 351,879 | $36.3M | Reduce -12.0% |
| MUSA Murphy USA Inc. | 4.28% | 74,908 | $30.5M | Add +13.7% |
| AWI Armstrong World Industries | 4.04% | 176,921 | $28.7M | Reduce -24.4% |
| DORM Dorman Products Inc. | 3.93% | 227,925 | $28.0M | Add +2.4% |
| TKR Timken Co. | 3.83% | 376,106 | $27.3M | Reduce -15.9% |
| MOD Modine Manufacturing Co. | 3.83% | 276,969 | $27.3M | Add +17.7% |
| LOB Live Oak Bancshares Inc. | 3.76% | 899,729 | $26.8M | Add +3.2% |
| AEIS Advanced Energy Industries | 3.66% | 196,636 | $26.1M | Add +30.8% |
| MSA Msa Safety Inc. | 3.29% | 139,805 | $23.4M | New |
| NGVT Ingevity Corp. | 3.21% | 529,967 | $22.8M | Reduce -13.4% |
| SCL Stepan Co. | 3.11% | 406,011 | $22.2M | Add +8.0% |
| EXTR Extreme Networks Inc. | 2.82% | 1,117,003 | $20.1M | Add +91.1% |
| EPAC Enerpac Tool Group Corp. | 2.80% | 492,132 | $20.0M | Reduce -29.4% |
| DY Dycom Industries Inc. | 2.56% | 74,662 | $18.2M | Reduce -58.5% |
| SAM Boston Beer Company Inc. Class A | 2.46% | 91,627 | $17.5M | Reduce -17.0% |
| CXT Crane NXT Co. | 2.42% | 320,289 | $17.3M | New |
| THO Thor Industries Inc. | 1.92% | 154,286 | $13.7M | Reduce -4.9% |
| BR Broadridge Financial Solutio | 1.60% | 46,768 | $11.4M | Reduce -1.4% |
| APG Api Group Corp. | 1.41% | 196,864 | $10.0M | Add +6.2% |
| GNRC Generac Holdings Inc. | 1.23% | 61,094 | $8.7M | Add +20.8% |
| VMI Valmont Industries | 1.09% | 23,866 | $7.8M | Add +12.4% |
| WSO Watsco Inc. | 0.89% | 14,334 | $6.3M | Add +0.5% |
| SEIC Sei Investments Company | 0.84% | 66,950 | $6.0M | Add +0.2% |
| FND Floor & Decor Holdings Inc. Class A | 0.74% | 69,252 | $5.3M | Add +37.5% |
| TREX Trex Company Inc. | 0.44% | 58,175 | $3.2M | Add +0.1% |
Portfolio Sells Q1 2025 → Q2 2025
| OXM Oxford Industries Inc. | Sold out | 0.00% | −2.50 |
| EPAC Enerpac Tool Group Corp. | Reduce -29.4% | 2.80% | −1.72 |
| DY Dycom Industries Inc. | Reduce -58.5% | 2.56% | −1.40 |
| SAM Boston Beer Company Inc. Class A | Reduce -17.0% | 2.46% | −1.36 |
| BDC Belden Inc. | Reduce -27.9% | 5.21% | −1.24 |
| BCO The Brink's Co. | Reduce -14.8% | 6.08% | −1.02 |
| LPX Louisiana-Pacific Corp. | Reduce -5.4% | 5.23% | −0.87 |
| TKR Timken Co. | Reduce -15.9% | 3.83% | −0.82 |
| AWI Armstrong World Industries | Reduce -24.4% | 4.04% | −0.74 |
| NGVT Ingevity Corp. | Reduce -13.4% | 3.21% | −0.30 |
| AGCO Agco Corp. | Reduce -12.0% | 5.10% | −0.26 |
| USPH U.S. Physical Therapy Inc. | Reduce -6.6% | 5.58% | −0.12 |
| BR Broadridge Financial Solutio | Reduce -1.4% | 1.60% | −0.07 |
| THO Thor Industries Inc. | Reduce -4.9% | 1.92% | +0.14 |
| BOOT Boot Barn Holdings Inc. | Reduce -24.5% | 5.62% | +0.19 |
| DAR Darling Ingredients Inc. | Reduce -8.4% | 7.02% | +0.51 |
Portfolio Buys Q1 2025 → Q2 2025
| MSA Msa Safety Inc. | New | 3.29% | +3.29 |
| CXT Crane NXT Co. | New | 2.42% | +2.42 |
| EXTR Extreme Networks Inc. | Add +91.1% | 2.82% | +1.70 |
| AEIS Advanced Energy Industries | Add +30.8% | 3.66% | +1.58 |
| MOD Modine Manufacturing Co. | Add +17.7% | 3.83% | +1.22 |
| APG Api Group Corp. | Add +6.2% | 1.41% | +0.45 |
| LOB Live Oak Bancshares Inc. | Add +3.2% | 3.76% | +0.40 |
| GNRC Generac Holdings Inc. | Add +20.8% | 1.23% | +0.30 |
| VMI Valmont Industries | Add +12.4% | 1.09% | +0.22 |
| FND Floor & Decor Holdings Inc. Class A | Add +37.5% | 0.74% | +0.15 |
| SCL Stepan Co. | Add +8.0% | 3.11% | +0.12 |
| SEIC Sei Investments Company | Add +0.2% | 0.84% | +0.09 |
| DORM Dorman Products Inc. | Add +2.4% | 3.93% | +0.04 |
| TREX Trex Company Inc. | Add +0.1% | 0.44% | −0.04 |
| WSO Watsco Inc. | Add +0.5% | 0.89% | −0.16 |
| MUSA Murphy USA Inc. | Add +13.7% | 4.28% | −0.20 |
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 |