Towle & Co.
In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), Towle & Co. reported 59 stock positions worth $851.9 million. Its top holding was PBF Energy Class A (PBF) at 4.2% of the portfolio, followed by Jeld-Wen (JELD, 4.1%) and Alpha Metallurgical Resource (AMR, 4.0%). Compared with Q4 2023, it opened 4 new positions, sold out of 6, added to 10 and reduced 29. The biggest buy was a new position in Asbury Automotive (ABG) and the biggest sale an exit from PVH (PVH).
- Most Recent 13F
- Q2 2026
- Location
- DENVER, CO
- CIK
- 0001224014
- Portfolio Value
- $851.9M (Q1 2024)
- SEC Filing
- 0001085146-24-002587 ↗ filed May 15, 2024
Holdings Value
Holdings 59 stocks · $851.9M
| PBF PBF Energy Inc. Class A | 4.17% | 616,370 | $35.5M | Reduce -3.5% |
| JELD Jeld-Wen Holding Inc. | 4.07% | 1,633,066 | $34.7M | Reduce -2.5% |
| AMR Alpha Metallurgical Resource | 4.03% | 103,689 | $34.3M | Reduce -8.6% |
| CLF Cleveland-Cliffs Inc. | 3.73% | 1,395,949 | $31.7M | Reduce -2.8% |
| PARR Par Pacific Holdings Inc. | 3.72% | 855,591 | $31.7M | Reduce -2.9% |
| AAP Advance Auto Parts Inc. | 3.51% | 351,781 | $29.9M | Reduce -2.6% |
| GIII G-III Apparel Group Ltd. | 3.35% | 983,362 | $28.5M | Reduce -2.8% |
| ULCC Frontier Group Holdings Inc. | 3.16% | 3,318,446 | $26.9M | Add +133.7% |
| DINO HF Sinclair Corp. | 3.09% | 436,482 | $26.4M | Reduce -2.5% |
| M Macy's Inc. | 3.02% | 1,286,763 | $25.7M | Add +65.8% |
| FL Foot Locker Inc. | 2.88% | 860,490 | $24.5M | Reduce -5.8% |
| ALLY Ally Financial Inc. | 2.88% | 603,882 | $24.5M | Reduce -2.6% |
| AN Autonation Inc. | 2.73% | 140,703 | $23.3M | Add +2112.3% |
| PUMP Propetro Holding Corp. | 2.73% | 2,880,631 | $23.3M | Add +56.2% |
| UAL United Airlines Holdings Inc. | 2.72% | 483,794 | $23.2M | Reduce -2.8% |
| ABG Asbury Automotive Group | 2.64% | 95,391 | $22.5M | New |
| GM General Motors Co. | 2.59% | 487,280 | $22.1M | Reduce -2.2% |
| TSN Tyson Foods Inc. Class A | 2.59% | 375,658 | $22.1M | Reduce -2.5% |
| LUV Southwest Airlines Co. | 2.57% | 751,488 | $21.9M | Reduce -2.7% |
| GT Goodyear Tire & Rubber Co. | 2.55% | 1,581,470 | $21.7M | Reduce -2.6% |
| SAH Sonic Automotive Inc. Class A | 2.55% | 380,950 | $21.7M | Add +1677.7% |
| AVT Avnet Inc. | 2.54% | 437,199 | $21.7M | Reduce -2.8% |
| DAN Dana Inc. | 2.52% | 1,692,874 | $21.5M | Add +31.9% |
| DXC DXC Technology Co. | 2.46% | 989,654 | $21.0M | New |
| ARW Arrow Electronics Inc. | 2.37% | 156,023 | $20.2M | Reduce -2.9% |
| DCH Dauch Corporation filed as AMERICAN AXLE & MFG HLDGS IN | 2.32% | 2,684,931 | $19.8M | Reduce -2.5% |
| TX Ternium SA-Sponsored ADR | 2.19% | 448,169 | $18.7M | Reduce -2.8% |
| RYZ Ryerson Holding Corp. | 2.17% | 550,582 | $18.4M | Reduce -2.6% |
| LBRT Liberty Energy Inc. | 2.15% | 883,260 | $18.3M | Reduce -32.5% |
| DBI Designer Brands Inc. Class A | 2.07% | 1,612,330 | $17.6M | Reduce -2.4% |
| ASTL Algoma Steel Group Inc. | 2.03% | 2,034,892 | $17.3M | Reduce -2.1% |
| WOOF Petco Health and Wellness Co. | 1.92% | 7,182,818 | $16.4M | New |
| BXC Bluelinx Holdings Inc. | 1.75% | 114,636 | $14.9M | Reduce -2.6% |
| UNFI United Natural Foods Inc. | 1.73% | 1,285,576 | $14.8M | Add +174.9% |
| MT Arcelormittal-NY Registered | 1.73% | 533,767 | $14.7M | Reduce -2.0% |
| ZUMZ Zumiez Inc. | 1.00% | 563,284 | $8.6M | Reduce -2.5% |
| SPWH Sportsman's Warehouse Holdin | 0.70% | 1,915,257 | $6.0M | Add +16.5% |
| AEO American Eagle Outfitters | 0.23% | 76,720 | $2.0M | No change |
| CSTM Constellium SE | 0.19% | 74,710 | $1.7M | No change |
| PENG Penguin Solutions Inc. filed as SMART GLOBAL HLDGS INC | 0.17% | 56,020 | $1.5M | No change |
| MPC Marathon Petroleum Corp. | 0.17% | 7,040 | $1.4M | No change |
| PATK Patrick Industries Inc. | 0.16% | 11,567 | $1.4M | Reduce -32.5% |
| VLO Valero Energy Corp. | 0.16% | 7,810 | $1.3M | No change |
| PPC Pilgrim's Pride Corp. | 0.15% | 38,150 | $1.3M | No change |
| STLA Stellantis NV | 0.15% | 46,160 | $1.3M | Reduce -96.5% |
| BG Bunge Global SA | 0.14% | 11,690 | $1.2M | New |
| CVI CVR Energy Inc. | 0.14% | 33,120 | $1.2M | No change |
| JLL Jones Lang Lasalle Inc. | 0.13% | 5,890 | $1.1M | No change |
| LEA Lear Corp. | 0.13% | 7,830 | $1.1M | Add +22.3% |
| ALK Alaska Air Group Inc. | 0.13% | 25,890 | $1.1M | No change |
| MAN Manpowergroup Inc. | 0.13% | 13,830 | $1.1M | Add +48.2% |
| F Ford Motor Co. filed as FORD MTR CO DEL | 0.12% | 79,870 | $1.1M | No change |
| LAD Lithia Motors Inc. | 0.12% | 3,440 | $1.0M | No change |
| E Eni SPA-Sponsored ADR | 0.12% | 31,860 | $1.0M | Reduce -93.7% |
| WKC World Kinect Corp. | 0.11% | 35,980 | $952K | No change |
| WBA Walgreens Boots Alliance Inc. | 0.11% | 41,710 | $905K | No change |
| PKX Posco Holdings Inc. -Spon ADR | 0.10% | 11,250 | $882K | No change |
| IMKTA Ingles Markets Inc. Class A | 0.10% | 11,130 | $853K | No change |
| GCO Genesco Inc. | 0.07% | 22,580 | $635K | No change |
Portfolio Sells Q4 2023 → Q1 2024
| PVH PVH Corp. | Sold out | 0.00% | −4.48 |
| MHO M/I Homes Inc. | Sold out | 0.00% | −4.43 |
| X United States Steel Corp. | Sold out | 0.00% | −4.05 |
| STLA Stellantis NV | Reduce -96.5% | 0.15% | −3.36 |
| E Eni SPA-Sponsored ADR | Reduce -93.7% | 0.12% | −1.86 |
| IWN iShares Russell 2000 Value E | Sold out | 0.00% | −0.76 |
| GIII G-III Apparel Group Ltd. | Reduce -2.8% | 3.35% | −0.63 |
| LBRT Liberty Energy Inc. | Reduce -32.5% | 2.15% | −0.60 |
| DCH Dauch Corporation | Reduce -2.5% | 2.32% | −0.49 |
| AMR Alpha Metallurgical Resource | Reduce -8.6% | 4.03% | −0.42 |
| FL Foot Locker Inc. | Reduce -5.8% | 2.88% | −0.42 |
| ASTL Algoma Steel Group Inc. | Reduce -2.1% | 2.03% | −0.38 |
| ZUMZ Zumiez Inc. | Reduce -2.5% | 1.00% | −0.36 |
| GT Goodyear Tire & Rubber Co. | Reduce -2.6% | 2.55% | −0.14 |
| MTUS Metallus Inc. | Sold out | 0.00% | −0.14 |
| RYZ Ryerson Holding Corp. | Reduce -2.6% | 2.17% | −0.10 |
| HA Hawaiian Holdings Inc. | Sold out | 0.00% | −0.08 |
| AVT Avnet Inc. | Reduce -2.8% | 2.54% | −0.08 |
| TX Ternium SA-Sponsored ADR | Reduce -2.8% | 2.19% | −0.08 |
| MT Arcelormittal-NY Registered | Reduce -2.0% | 1.73% | −0.06 |
| PATK Patrick Industries Inc. | Reduce -32.5% | 0.16% | −0.04 |
| LUV Southwest Airlines Co. | Reduce -2.7% | 2.57% | −0.01 |
| PARR Par Pacific Holdings Inc. | Reduce -2.9% | 3.72% | +0.01 |
| ARW Arrow Electronics Inc. | Reduce -2.9% | 2.37% | +0.10 |
| TSN Tyson Foods Inc. Class A | Reduce -2.5% | 2.59% | +0.19 |
| BXC Bluelinx Holdings Inc. | Reduce -2.6% | 1.75% | +0.21 |
| DINO HF Sinclair Corp. | Reduce -2.5% | 3.09% | +0.21 |
| CLF Cleveland-Cliffs Inc. | Reduce -2.8% | 3.73% | +0.33 |
| UAL United Airlines Holdings Inc. | Reduce -2.8% | 2.72% | +0.34 |
| ALLY Ally Financial Inc. | Reduce -2.6% | 2.88% | +0.37 |
| DBI Designer Brands Inc. Class A | Reduce -2.4% | 2.07% | +0.38 |
| JELD Jeld-Wen Holding Inc. | Reduce -2.5% | 4.07% | +0.41 |
| GM General Motors Co. | Reduce -2.2% | 2.59% | +0.52 |
| PBF PBF Energy Inc. Class A | Reduce -3.5% | 4.17% | +0.91 |
| AAP Advance Auto Parts Inc. | Reduce -2.6% | 3.51% | +0.96 |
Portfolio Buys Q4 2023 → Q1 2024
| ABG Asbury Automotive Group | New | 2.64% | +2.64 |
| AN Autonation Inc. | Add +2112.3% | 2.73% | +2.62 |
| DXC DXC Technology Co. | New | 2.46% | +2.46 |
| SAH Sonic Automotive Inc. Class A | Add +1677.7% | 2.55% | +2.41 |
| ULCC Frontier Group Holdings Inc. | Add +133.7% | 3.16% | +2.26 |
| WOOF Petco Health and Wellness Co. | New | 1.92% | +1.92 |
| M Macy's Inc. | Add +65.8% | 3.02% | +1.21 |
| PUMP Propetro Holding Corp. | Add +56.2% | 2.73% | +0.94 |
| UNFI United Natural Foods Inc. | Add +174.9% | 1.73% | +0.86 |
| DAN Dana Inc. | Add +31.9% | 2.52% | +0.35 |
| BG Bunge Global SA | New | 0.14% | +0.14 |
| MAN Manpowergroup Inc. | Add +48.2% | 0.13% | +0.04 |
| LEA Lear Corp. | Add +22.3% | 0.13% | +0.03 |
| SPWH Sportsman's Warehouse Holdin | Add +16.5% | 0.70% | −0.11 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 59 | $295.1M | MEI, SNX, COMP, ARW, OSCR |
| Q1 2026 | 54 | $257.5M | PBF, PUMP, UNFI, GOLD, DLX |
| Q4 2025 | 44 | $378.3M | HOUS, AMR, UNFI, GOLD, MGA |
| Q3 2025 | 47 | $396.4M | PARR, DK, DINO, UNFI, HOUS |
| Q2 2025 | 56 | $425.2M | PARR, SAH, DK, DINO, TSN |
| Q1 2025 | 50 | $457.6M | TSN, LUV, WOOF, DAN, UAA |
| Q4 2024 | 52 | $581.8M | UAL, WOOF, PUMP, LUV, SAH |
| Q3 2024 | 52 | $700.9M | WOOF, UAL, UAA, AVT, ABG |
| Q2 2024 | 60 | $762.9M | PBF, WOOF, PUMP, M, ALLY |
| Q1 2024 | 59 | $851.9M | PBF, JELD, AMR, CLF, PARR |