We are live on ! Find out more
AFR

Applied Fundamental Research Portfolio holdings

AUM $75.8M
1-Year Est. Return 19.46%
This Fund
S&P 500
This Quarter Est. Return
+11.93%
1 Year Est. Return
+19.46%
3 Year Est. Return
+38.05%
5 Year Est. Return
+6.08%
10 Year Est. Return
–
AUM
$113M
AUM Growth
-$6.48M
Cap. Flow
-$13.9M
Cap. Flow %
-12.3%
Top 10 Hldgs %
97.8%
Holding
13
New
1
Increased
–
Reduced
10
Closed
2

Top Buys

Rank Stock Value
1
ALGN icon
Align Technology
ALGN
+$5.53M

Top Sells

Rank Stock Value
1
HSII
Heidrick & Struggles
HSII
+$4.62M
2
GLPI icon
Gaming and Leisure Properties
GLPI
+$4.35M
3
UHAL icon
U-Haul Holding Co
UHAL
+$1.64M
4
DY icon
Dycom Industries
DY
+$1.53M
5
PPLI
People Inc
PPLI
+$1.44M

Sector Composition

Rank Sector Weight
1 Industrials 32.28%
2 Communication Services 15.47%
3 Healthcare 13.79%
4 Consumer Staples 13.27%
5 Real Estate 9.71%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
PPLI
1
People Inc
PPLI
$3.31B
$17.5M 15.47%
467,541
-39,799
-8% -$1.44M
DY icon
2
Dycom Industries
DY
$12.2B
$16.6M 14.67%
67,746
-7,780
-10% -$1.53M
NOMD icon
3
Nomad Foods
NOMD
$1.61B
$15M 13.27%
881,092
-46,699
-5% -$857K
GLPI icon
4
Gaming and Leisure Properties
GLPI
$12.8B
$11M 9.71%
234,597
-92,116
-28% -$4.35M
UFPT icon
5
UFP Technologies
UFPT
$1.87B
$9.63M 8.53%
39,439
-5,402
-12% -$1.22M
UHAL.B icon
6
U-Haul Holding Co Series N
UHAL.B
$12.2B
$9.29M 8.23%
170,824
-23,375
-12% -$1.3M
FIGS icon
7
FIGS
FIGS
$1.72B
$8.98M 7.96%
1,592,780
-221,469
-12% -$1.02M
NABL icon
8
N-able
NABL
$899M
$8.49M 7.53%
1,048,374
-34,659
-3% -$259K
HSII
9
DELISTED
Heidrick & Struggles
HSII
$8.1M 7.18%
176,988
-110,019
-38% -$4.62M
ALGN icon
10
Align Technology
ALGN
$12.7B
$5.92M 5.25%
+31,292
New +$5.53M
JBI icon
11
Janus International
JBI
$737M
$2.48M 2.2%
304,542
-42,132
-12% -$321K
ANGI icon
12
Angi Inc
ANGI
$248M
– –
-55,128
Closed -$850K
UHAL icon
13
U-Haul Holding Co
UHAL
$13.9B
– –
-25,087
Closed -$1.64M

Similar funds

MCM
Multicoin Capital Management Austin, Texas $75.9M AUM 14.71% 1-Year Est. Return
HSPW
Harrison Street Private Wealth Denver, Colorado $75.5M AUM
IVMX
Institutional Venture Management XV Menlo Park, California $75.5M AUM 16.43% 1-Year Est. Return
PBT
Pictet Bank & Trust Nassau, Bahamas $76.1M AUM 14.62% 1-Year Est. Return
CPX
Canaan Partners XI Menlo Park, California $76.1M AUM 638.59% 1-Year Est. Return
LRI
Linden Rose Investment Sugar Land, Texas $76.2M AUM
OC
Owlhouse Capital New York $75.3M AUM
LC
Luminist Capital Grand Rapids, Michigan $75.3M AUM 17.66% 1-Year Est. Return

Applied Fundamental Research's Q2 2025 Portfolio in Review

As of Q2 2025, Applied Fundamental Research held 13 positions worth $113M, down 5.4% from $119M the previous quarter. Its ten largest holdings account for 98% of the portfolio.

Applied Fundamental Research withdrew a net $13.9M in Q2 2025, closing 2 positions and reducing 10 holdings. Its most notable exit was U-Haul Holding Co, an estimated $1.64M position sold in full.

By sector, the portfolio is most concentrated in Industrials at 32% of assets, down from 33% a quarter earlier, followed by Communication Services and Healthcare.

Against the trend, Applied Fundamental Research opened a new position in Align Technology worth $5.92M.

  • Applied Fundamental Research's largest Q2 2025 buy was Align Technology: 31,292 shares worth $5.92M.
  • Applied Fundamental Research's biggest Q2 2025 reduction was Heidrick & Struggles, cutting an estimated $4.62M.
  • Applied Fundamental Research fully exited U-Haul Holding Co in Q2 2025, selling an estimated $1.64M.
  • Applied Fundamental Research's ten largest holdings make up 98% of its $113M portfolio in Q2 2025.
  • Applied Fundamental Research opened 1 new position and closed 2 in Q2 2025.
  • Applied Fundamental Research's portfolio value fell 5.4% quarter-over-quarter to $113M.

Based on Applied Fundamental Research's 13F filing for Q2 2025, filed 28 Jul 2025.