Advisory Research’s United Fire Group UFCS Stock Holding History

Advisory Research’s Portfolio UFCS Stock Details UFCS Fund Activity

Bought

Maintained

Sold

Quarter	Market Value	Status	Shares	Change in Stake	Trade Value	Portfolio Weight	Portfolio Position
2019 Q4	–	Sell	-156,390	Closed	-$7.35M	–	345
2019 Q3	$7.35M	Sell	156,390 -226	-0.1%	-$10.7K	0.35%	75
2019 Q2	$7.59M	Sell	156,616 -52,119	-25%	-$2.38M	0.15%	113
2019 Q1	$9.12M	Sell	208,735 -187,695	-47%	-$9.38M	0.18%	107
2018 Q4	$22M	Buy	396,430 +71,635	+22%	+$3.69M	0.47%	58
2018 Q3	$16.5M	Buy	324,795 +48,345	+17%	+$2.58M	0.27%	93
2018 Q2	$15.1M	Sell	276,450 -1,834	-0.7%	-$95.3K	0.24%	108
2018 Q1	$13.3M	Buy	278,284 +150,938	+119%	+$6.79M	0.24%	106
2017 Q4	$5.8M	Buy	+127,346	New	+$5.96M	0.1%	142

Other funds holding UFCS

BlackRock New York $5.72T AUM 30.48% 1-Year Est. Return

Vanguard Group Malvern, Pennsylvania $6.9T AUM 27.45% 1-Year Est. Return

Dimensional Fund Advisors Austin, Texas $481B AUM 30.42% 1-Year Est. Return

EARNEST Partners Atlanta, Georgia $24.3B AUM 34.41% 1-Year Est. Return

State Street Boston, Massachusetts $2.9T AUM 29.55% 1-Year Est. Return

Norges Bank Oslo, Norway $935B AUM

Northern Trust Chicago, Illinois $757B AUM 28.64% 1-Year Est. Return

SFM

Systematic Financial Management Teaneck, New Jersey $4.36B AUM 40.56% 1-Year Est. Return

New York State Common Retirement Fund Albany, New York $71.6B AUM 29.66% 1-Year Est. Return

Bank of New York Mellon New York $544B AUM 28.31% 1-Year Est. Return

Advisory Research's UFCS Position: Q4 2019 in Review

Advisory Research sold out of United Fire Group (UFCS) in Q4 2019, closing a stake of 156,390 shares — an estimated $7.35M sold.

Advisory Research first reported a position in UFCS in Q4 2017 and held it in 8 quarters. The position peaked at $22M in Q4 2018. 146 funds tracked by Wall St. Rank hold UFCS as of Q4 2019.

Advisory Research reported no remaining United Fire Group position as of Q4 2019 after selling out during the quarter.
Advisory Research sold 156,390 United Fire Group shares in Q4 2019, an estimated $7.35M.
Advisory Research first reported a position in United Fire Group in Q4 2017 and held it in 8 quarters.
Advisory Research's United Fire Group position peaked at $22M in Q4 2018.
146 funds tracked by Wall St. Rank held United Fire Group as of Q4 2019.

Based on Advisory Research's 13F filing for Q4 2019, filed 11 Feb 2020.