AI Portfolio Summary
In 2025 Q4, Applied Fundamental Research, LLC maintained a portfolio of 11 distinct positions. The most significant new addition to the portfolio was HEICO CORP, which now represents 7.05% of the total fund value. They heavily accumulated shares in UFP TECHNOLOGIES INC, increasing their position by 8.3%. Conversely, Applied Fundamental Research, LLC completely exited their position in HEIDRICK & STRUGGLES.
Total Positions
11
Quarter
2025 Q4
Top Holding
IAC (17.4%)
Top 10 Concentration
100.0%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
Showing 1-11 of 11
| Stock | History | Sector / Type | Port % | Prev % | Rank / Prev | Conviction | Change | % Change | Influence | Shares | Mkt Value | Avg Cost | Price Held | 1st Owned | Source | Source Date | Date Reported |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
IAC
IAC INC
|
Communication Services | 17.41% | 14.84% |
#1
1
Prev: #2
|
7.0 | no change | no change |
P
S
|
448,254 | $17,526,731 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
DY
DYCOM INDS INC
|
Industrials | 11.74% | 15.31% |
#2
1
Prev: #1
|
5.5 | -19,046 | -35.3% |
P
S
|
34,972 | $11,817,039 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UFPT
UFP TECHNOLOGIE...
|
Healthcare | 11.64% | 9.46% |
#3
2
Prev: #5
|
7.0 | 4,035 | 8.3% |
P
S
|
52,788 | $11,720,520 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
FIGS
FIGS INC
|
Consumer Cyclical | 9.88% | 8.29% |
#4
4
Prev: #8
|
4.5 | -398,999 | -31.3% |
P
S
|
875,819 | $9,949,304 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
UHAL/B
U HAUL HOLDING ...
|
Industrials | 9.84% | 9.64% |
#5
1
Prev: #4
|
6.4 | 17,156 | 8.8% |
P
S
|
212,026 | $9,910,095 | 2022 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NABL
N-ABLE INC
|
Technology | 9.31% | 8.03% |
#6
3
Prev: #9
|
5.7 | 193,680 | 18.3% |
P
S
|
1,252,829 | $9,371,161 | 2024 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
ALGN
ALIGN TECHNOLOG...
|
Healthcare | 9.06% | 6.80% |
#7
3
Prev: #10
|
4.1 | 2,525 | 4.5% |
P
S
|
58,419 | $9,122,127 | 2025 Q2 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
GLPI
GAMING & LEISUR...
|
Real Estate | 7.55% | 9.77% |
#8
5
Prev: #3
|
3.0 | -45,486 | -21.1% |
P
S
|
170,207 | $7,606,551 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HEI/A
HEICO CORP
|
Industrials | 7.05% | — |
#9
Prev: #—
|
6.3 | 28,134 | no change |
NEW
|
28,134 | $7,101,866 | 2025 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
NOMD
NOMAD FOODS LTD
|
Consumer Defensive | 6.51% | 9.43% |
#10
4
Prev: #6
|
2.6 | -213,716 | -29.0% |
P
S
|
524,300 | $6,558,993 | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) | |||
|
HSII
HEIDRICK & STRU...
|
Industrials | 0.00% | 8.44% |
Sold All 😨
(Was: #7) |
0.0 | -174,612 | -100.0% |
CLOSED
|
— | $— | 2020 Q4 | 13F Filing | 2025-12-31 | 2026-02-14 (Est.) |
Showing 1-11 of 11 holdings