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AFR
Applied Fundamental Research Portfolio holdings
AUM
$84.5M
Turnover
33.33%
1-Year Est. Return
28.46%
This Fund
S&P 500
This Quarter Est. Return
+20.36%
1 Year Est. Return
+28.46%
3 Year Est. Return
+44.55%
5 Year Est. Return
+20.96%
10 Year Est. Return
–
AUM
$84.5M
AUM Growth
+$8.75M
(+12%)
Cap. Flow
-$2.1M
Cap. Flow % of AUM
Cap. Flow %
-2.48%
Top 10 Holdings %
Top 10 Hldgs %
100%
Holding
12
New
2
Increased
3
Reduced
4
Closed
2
Avg Time Held
2.5
years
Top 10 Avg Time Held
2.5
years
Top 20 Avg Time Held
2.5
years
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Bright Horizons
BFAM
|
+$4.37M |
| 2 |
FIGS
FIGS
|
+$2.39M |
| 3 |
HEICO Corp Class A
HEI.A
|
+$2.29M |
| 4 |
Dycom Industries
DY
|
+$1.29M |
| 5 |
iShares Expanded Tech-Software Sector ETF
IGV
|
+$382K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
People Inc
PPLI
|
+$5.14M |
| 2 |
N-able
NABL
|
+$2.77M |
| 3 |
Gaming and Leisure Properties
GLPI
|
+$2.04M |
| 4 |
Nomad Foods
NOMD
|
+$1.78M |
| 5 |
Align Technology
ALGN
|
+$592K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 46.05% |
| 2 | Healthcare | 27.39% |
| 3 | Consumer Discretionary | 13.5% |
| 4 | Communication Services | 10.09% |
| 5 | Technology | 2.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
Dycom Industries
DY
$7.67B
| $19.2M | 22.68% |
37,923
+2,951
| +8% | +$1.29M |
2020 Q4
22 quarters
|
|
2
UFP Technologies
UFPT
$2.27B
| $13.4M | 15.84% |
50,498
-2,290
| -4% | -$497K |
2020 Q4
22 quarters
|
|
|
3
HEICO Corp Class A
HEI.A
$32.6B
| $12.9M | 15.24% |
49,958
+10,037
| +25% | +$2.29M |
2025 Q4
2 quarters
|
|
|
4
Align Technology
ALGN
$10.6B
| $9.8M | 11.55% |
57,903
-3,409
| -6% | -$592K |
2025 Q2
4 quarters
|
|
|
5
People Inc
PPLI
$2.86B
| $8.53M | 10.09% |
184,734
-120,365
| -39% | -$5.14M |
2020 Q4
22 quarters
|
|
|
6
FIGS
FIGS
$3.23B
| $7.13M | 8.44% |
697,247
+181,678
| +35% | +$2.39M |
2022 Q4
14 quarters
|
|
7
U-Haul Holding Co Series N
UHAL.B
$9.6B
| $6.87M | 8.13% |
119,045
| – | – |
2024 Q4
6 quarters
|
|
|
8
Bright Horizons
BFAM
$3.38B
| $4.28M | 5.06% |
+60,370
| New | +$4.37M |
2026 Q2
0 quarters
|
|
|
9
N-able
NABL
$860M
| $2.12M | 2.51% |
577,464
-666,207
| -54% | -$2.77M |
2024 Q2
8 quarters
|
|
|
10
iShares Expanded Tech-Software Sector ETF
IGV
$14.7B
| $389K | 0.46% |
+4,294
| New | +$382K |
2026 Q2
0 quarters
|
|
|
11
Gaming and Leisure Properties
GLPI
$11.3B
| – | – |
-46,034
| Closed | -$2.04M | – |
|
|
12
Nomad Foods
NOMD
$1.64B
| – | – |
-185,121
| Closed | -$1.78M | – |
|
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Applied Fundamental Research's Q2 2026 Portfolio in Review
As of Q2 2026, Applied Fundamental Research held 12 positions worth $84.5M, up 12% from $75.8M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Applied Fundamental Research's Q2 2026 filing shows 2 new, 3 increased, 4 reduced and 2 closed positions. Its largest new stake was Bright Horizons: 60,370 shares worth $4.28M. The largest sale was People Inc, an estimated $5.14M.
By sector, the portfolio is most concentrated in Industrials at 46% of assets, up from 34% a quarter earlier, followed by Healthcare and Consumer Discretionary.
- Applied Fundamental Research's largest Q2 2026 buy was Bright Horizons: 60,370 shares worth $4.28M.
- Applied Fundamental Research added most to FIGS in Q2 2026, an estimated $2.39M increase.
- Applied Fundamental Research's biggest Q2 2026 reduction was People Inc, cutting an estimated $5.14M.
- Applied Fundamental Research fully exited Gaming and Leisure Properties in Q2 2026, selling an estimated $2.04M.
- Applied Fundamental Research's ten largest holdings make up 100% of its $84.5M portfolio in Q2 2026.
- Applied Fundamental Research opened 2 new positions and closed 2 in Q2 2026.
- Applied Fundamental Research's portfolio value rose 12% quarter-over-quarter to $84.5M.
Based on Applied Fundamental Research's 13F filing for Q2 2026, filed 13 Aug 2026.