Southernsun Asset Management, LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Southernsun Asset Management, LLC reported 31 stock positions worth $771.8 million. Its top holding was Brink's (BCO) at 7.3% of the portfolio, followed by U.S. Physical Therapy (USPH, 5.6%) and Modine Manufacturing (MOD, 5.1%). Compared with Q2 2025, it added to 7 and reduced 24. The biggest buy was Crane NXT (CXT, shares +72%) and the biggest sale Darling Ingredients (DAR, shares −10%).
- Most Recent 13F
- Q2 2026
- Location
- Memphis, TN
- CIK
- 0001089755
- Portfolio Value
- $771.8M (Q3 2025)
- SEC Filing
- 0001213900-25-110468 ↗ filed Nov 14, 2025
Holdings Value
Holdings 31 stocks · $771.8M
| BCO The Brink's Co. | 7.26% | 479,199 | $56.0M | Reduce -1.2% |
| USPH U.S. Physical Therapy Inc. | 5.56% | 505,222 | $42.9M | Reduce -0.5% |
| MOD Modine Manufacturing Co. | 5.08% | 275,633 | $39.2M | Reduce -0.5% |
| LPX Louisiana-Pacific Corp. | 4.93% | 428,042 | $38.0M | Reduce -1.2% |
| MUSA Murphy USA Inc. | 4.83% | 95,949 | $37.3M | Add +28.1% |
| CXT Crane NXT Co. | 4.80% | 552,183 | $37.0M | Add +72.4% |
| DAR Darling Ingredients Inc. | 4.76% | 1,189,850 | $36.7M | Reduce -9.6% |
| BOOT Boot Barn Holdings Inc. | 4.65% | 216,337 | $35.9M | Reduce -17.9% |
| BDC Belden Inc. | 4.56% | 292,409 | $35.2M | Reduce -8.7% |
| AWI Armstrong World Industries | 4.44% | 174,717 | $34.2M | Reduce -1.3% |
| LOB Live Oak Bancshares Inc. | 4.08% | 894,310 | $31.5M | Reduce -0.6% |
| DORM Dorman Products Inc. | 4.05% | 200,359 | $31.2M | Reduce -12.1% |
| MSA Msa Safety Inc. | 3.79% | 170,013 | $29.3M | Add +21.6% |
| AEIS Advanced Energy Industries | 3.78% | 171,630 | $29.2M | Reduce -12.7% |
| TKR Timken Co. | 3.60% | 370,037 | $27.8M | Reduce -1.6% |
| EXTR Extreme Networks Inc. | 3.59% | 1,341,400 | $27.7M | Add +20.1% |
| AGCO Agco Corp. | 3.55% | 255,893 | $27.4M | Reduce -27.3% |
| EPAC Enerpac Tool Group Corp. | 3.36% | 632,023 | $25.9M | Add +28.4% |
| NGVT Ingevity Corp. | 3.10% | 433,706 | $23.9M | Reduce -18.2% |
| SCL Stepan Co. | 2.76% | 446,656 | $21.3M | Add +10.0% |
| SAM Boston Beer Company Inc. Class A | 2.47% | 90,168 | $19.1M | Reduce -1.6% |
| THO Thor Industries Inc. | 2.03% | 151,020 | $15.7M | Reduce -2.1% |
| DY Dycom Industries Inc. | 1.55% | 41,027 | $12.0M | Reduce -45.0% |
| BR Broadridge Financial Solutio | 1.38% | 44,798 | $10.7M | Reduce -4.2% |
| APG Api Group Corp. | 1.27% | 284,682 | $9.8M | Reduce -3.6% |
| VMI Valmont Industries | 1.14% | 22,770 | $8.8M | Reduce -4.6% |
| GNRC Generac Holdings Inc. | 1.07% | 49,187 | $8.2M | Reduce -19.5% |
| WSO Watsco Inc. | 0.85% | 16,256 | $6.6M | Add +13.4% |
| SEIC Sei Investments Company | 0.73% | 66,497 | $5.6M | Reduce -0.7% |
| FND Floor & Decor Holdings Inc. Class A | 0.63% | 66,383 | $4.9M | Reduce -4.1% |
| TREX Trex Company Inc. | 0.36% | 53,987 | $2.8M | Reduce -7.2% |
Portfolio Sells Q2 2025 → Q3 2025
| DAR Darling Ingredients Inc. | Reduce -9.6% | 4.76% | −2.26 |
| AGCO Agco Corp. | Reduce -27.3% | 3.55% | −1.55 |
| DY Dycom Industries Inc. | Reduce -45.0% | 1.55% | −1.01 |
| BOOT Boot Barn Holdings Inc. | Reduce -17.9% | 4.65% | −0.98 |
| BDC Belden Inc. | Reduce -8.7% | 4.56% | −0.65 |
| LPX Louisiana-Pacific Corp. | Reduce -1.2% | 4.93% | −0.30 |
| TKR Timken Co. | Reduce -1.6% | 3.60% | −0.23 |
| BR Broadridge Financial Solutio | Reduce -4.2% | 1.38% | −0.21 |
| GNRC Generac Holdings Inc. | Reduce -19.5% | 1.07% | −0.16 |
| APG Api Group Corp. | Reduce -3.6% | 1.27% | −0.14 |
| SEIC Sei Investments Company | Reduce -0.7% | 0.73% | −0.11 |
| NGVT Ingevity Corp. | Reduce -18.2% | 3.10% | −0.11 |
| FND Floor & Decor Holdings Inc. Class A | Reduce -4.1% | 0.63% | −0.10 |
| TREX Trex Company Inc. | Reduce -7.2% | 0.36% | −0.08 |
| USPH U.S. Physical Therapy Inc. | Reduce -0.5% | 5.56% | −0.02 |
| SAM Boston Beer Company Inc. Class A | Reduce -1.6% | 2.47% | +0.01 |
| VMI Valmont Industries | Reduce -4.6% | 1.14% | +0.05 |
| THO Thor Industries Inc. | Reduce -2.1% | 2.03% | +0.10 |
| DORM Dorman Products Inc. | Reduce -12.1% | 4.05% | +0.12 |
| AEIS Advanced Energy Industries | Reduce -12.7% | 3.78% | +0.13 |
| LOB Live Oak Bancshares Inc. | Reduce -0.6% | 4.08% | +0.32 |
| AWI Armstrong World Industries | Reduce -1.3% | 4.44% | +0.40 |
| BCO The Brink's Co. | Reduce -1.2% | 7.26% | +1.17 |
| MOD Modine Manufacturing Co. | Reduce -0.5% | 5.08% | +1.25 |
Portfolio Buys Q2 2025 → Q3 2025
| CXT Crane NXT Co. | Add +72.4% | 4.80% | +2.37 |
| EXTR Extreme Networks Inc. | Add +20.1% | 3.59% | +0.77 |
| EPAC Enerpac Tool Group Corp. | Add +28.4% | 3.36% | +0.55 |
| MUSA Murphy USA Inc. | Add +28.1% | 4.83% | +0.55 |
| MSA Msa Safety Inc. | Add +21.6% | 3.79% | +0.50 |
| WSO Watsco Inc. | Add +13.4% | 0.85% | −0.04 |
| SCL Stepan Co. | Add +10.0% | 2.76% | −0.35 |
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 |