Southernsun Asset Management, LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Southernsun Asset Management, LLC reported 32 stock positions worth $716.4 million. Its top holding was Brink's (BCO) at 6.8% of the portfolio, followed by Darling Ingredients (DAR, 5.7%) and U.S. Physical Therapy (USPH, 5.2%). Compared with Q3 2025, it opened 4 new positions, sold out of 3, added to 10 and reduced 18. The biggest buy was a new position in CSW Industrials (CSW) and the biggest sale an exit from Timken (TKR).
- Most Recent 13F
- Q2 2026
- Location
- Memphis, TN
- CIK
- 0001089755
- Portfolio Value
- $716.4M (Q4 2025)
- SEC Filing
- 0001213900-26-015916 ↗ filed Feb 13, 2026
Holdings Value
Holdings 32 stocks · $716.4M
| BCO The Brink's Co. | 6.78% | 415,992 | $48.6M | Reduce -13.2% |
| DAR Darling Ingredients Inc. | 5.70% | 1,134,847 | $40.9M | Reduce -4.6% |
| USPH U.S. Physical Therapy Inc. | 5.23% | 479,536 | $37.4M | Reduce -5.1% |
| MUSA Murphy USA Inc. | 5.20% | 92,328 | $37.3M | Reduce -3.8% |
| LPX Louisiana-Pacific Corp. | 5.15% | 457,254 | $36.9M | Add +6.8% |
| LOB Live Oak Bancshares Inc. | 4.93% | 1,029,108 | $35.3M | Add +15.1% |
| BOOT Boot Barn Holdings Inc. | 4.76% | 193,221 | $34.1M | Reduce -10.7% |
| MOD Modine Manufacturing Co. | 4.63% | 248,408 | $33.2M | Reduce -9.9% |
| EXTR Extreme Networks Inc. | 4.58% | 1,970,886 | $32.8M | Add +46.9% |
| BDC Belden Inc. | 4.57% | 280,976 | $32.7M | Reduce -3.9% |
| AWI Armstrong World Industries | 4.45% | 166,745 | $31.9M | Reduce -4.6% |
| CXT Crane NXT Co. | 4.39% | 668,210 | $31.5M | Add +21.0% |
| MSA Msa Safety Inc. | 4.15% | 185,667 | $29.7M | Add +9.2% |
| AGCO Agco Corp. | 3.93% | 270,075 | $28.2M | Add +5.5% |
| AEIS Advanced Energy Industries | 3.61% | 123,450 | $25.8M | Reduce -28.1% |
| DORM Dorman Products Inc. | 3.28% | 190,573 | $23.5M | Reduce -4.9% |
| EPAC Enerpac Tool Group Corp. | 3.21% | 600,682 | $23.0M | Reduce -5.0% |
| CSW CSW Industrials Inc. | 2.73% | 66,748 | $19.6M | New |
| SCL Stepan Co. | 2.70% | 407,767 | $19.3M | Reduce -8.7% |
| NGVT Ingevity Corp. | 2.26% | 273,005 | $16.2M | Reduce -37.0% |
| SAM Boston Beer Company Inc. Class A | 2.06% | 75,524 | $14.7M | Reduce -16.2% |
| THO Thor Industries Inc. | 2.04% | 142,474 | $14.6M | Reduce -5.7% |
| KAI Kadant Inc. | 1.79% | 45,033 | $12.8M | New |
| BR Broadridge Financial Solutio | 1.40% | 44,800 | $10.0M | Add +0.0% |
| APG Api Group Corp. | 1.35% | 252,771 | $9.7M | Reduce -11.2% |
| VMI Valmont Industries | 1.14% | 20,228 | $8.1M | Reduce -11.2% |
| GNRC Generac Holdings Inc. | 1.06% | 55,717 | $7.6M | Add +13.3% |
| WSO Watsco Inc. | 0.87% | 18,458 | $6.2M | Add +13.6% |
| SEIC Sei Investments Company | 0.76% | 66,490 | $5.5M | Reduce -0.0% |
| FND Floor & Decor Holdings Inc. Class A | 0.64% | 75,517 | $4.6M | Add +13.8% |
| OSK Oshkosh Corp. | 0.35% | 20,156 | $2.5M | New |
| IWM iShares Russell 2000 ETF | 0.30% | 8,800 | $2.2M | New |
Portfolio Sells Q3 2025 → Q4 2025
| TKR Timken Co. | Sold out | 0.00% | −3.60 |
| DY Dycom Industries Inc. | Sold out | 0.00% | −1.55 |
| NGVT Ingevity Corp. | Reduce -37.0% | 2.26% | −0.85 |
| DORM Dorman Products Inc. | Reduce -4.9% | 3.28% | −0.77 |
| BCO The Brink's Co. | Reduce -13.2% | 6.78% | −0.48 |
| MOD Modine Manufacturing Co. | Reduce -9.9% | 4.63% | −0.45 |
| SAM Boston Beer Company Inc. Class A | Reduce -16.2% | 2.06% | −0.41 |
| TREX Trex Company Inc. | Sold out | 0.00% | −0.36 |
| USPH U.S. Physical Therapy Inc. | Reduce -5.1% | 5.23% | −0.33 |
| AEIS Advanced Energy Industries | Reduce -28.1% | 3.61% | −0.18 |
| EPAC Enerpac Tool Group Corp. | Reduce -5.0% | 3.21% | −0.15 |
| SCL Stepan Co. | Reduce -8.7% | 2.70% | −0.06 |
| VMI Valmont Industries | Reduce -11.2% | 1.14% | −0.01 |
| AWI Armstrong World Industries | Reduce -4.6% | 4.45% | +0.01 |
| THO Thor Industries Inc. | Reduce -5.7% | 2.04% | +0.01 |
| BDC Belden Inc. | Reduce -3.9% | 4.57% | +0.01 |
| SEIC Sei Investments Company | Reduce -0.0% | 0.76% | +0.03 |
| APG Api Group Corp. | Reduce -11.2% | 1.35% | +0.08 |
| BOOT Boot Barn Holdings Inc. | Reduce -10.7% | 4.76% | +0.11 |
| MUSA Murphy USA Inc. | Reduce -3.8% | 5.20% | +0.37 |
| DAR Darling Ingredients Inc. | Reduce -4.6% | 5.70% | +0.94 |
Portfolio Buys Q3 2025 → Q4 2025
| CSW CSW Industrials Inc. | New | 2.73% | +2.73 |
| KAI Kadant Inc. | New | 1.79% | +1.79 |
| EXTR Extreme Networks Inc. | Add +46.9% | 4.58% | +0.99 |
| LOB Live Oak Bancshares Inc. | Add +15.1% | 4.93% | +0.85 |
| AGCO Agco Corp. | Add +5.5% | 3.93% | +0.38 |
| MSA Msa Safety Inc. | Add +9.2% | 4.15% | +0.36 |
| OSK Oshkosh Corp. | New | 0.35% | +0.35 |
| IWM iShares Russell 2000 ETF | New | 0.30% | +0.30 |
| LPX Louisiana-Pacific Corp. | Add +6.8% | 5.15% | +0.23 |
| WSO Watsco Inc. | Add +13.6% | 0.87% | +0.02 |
| BR Broadridge Financial Solutio | Add +0.0% | 1.40% | +0.01 |
| FND Floor & Decor Holdings Inc. Class A | Add +13.8% | 0.64% | +0.01 |
| GNRC Generac Holdings Inc. | Add +13.3% | 1.06% | −0.01 |
| CXT Crane NXT Co. | Add +21.0% | 4.39% | −0.41 |
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 |