Applied Fundamental Research, LLC

Investment Portfolio & 13F Holdings Analysis

About

Type: FundHoldings: 12Value: $119.3MLatest: 2025Q1

Applied Fundamental Research, LLC is an institutional investment manager that filed its latest Form 13F for 2025Q1, reporting 12 holdings worth $0.1 billion. Form 13F filings provide transparency into the equity holdings of institutional investment managers with over $100 million in assets under management. This page displays the most recent portfolio holdings, allowing investors to track position changes, new investments, and portfolio composition.

AI_NATIVE detailed information: This accession holds the following tickers:[
  "IAC",
  null,
  "GLPI",
  "JBI",
  "UHAL",
  "UFPT",
  "UHAL-B",
  "NOMD",
  "FIGS",
  "HSII",
  "DY",
  "NABL"
]

Filing Details

13F-HR • 2025-03-31

SEC FilingSEC DataHachi Filing

Report Date: 2025-03-31
Filing Date: 2025-04-30
Total Holdings: 12
Total Value: 119307802
Accession Number: 0001849776-25-000003
Form Type: 13F-HR
CIK: applied-fundamental-research
Manager Name: Applied-Fundamental-Research

Data Enrichment

92% identified

11 identified1 unidentified

Holdings

SEC FilingSEC DataHachi Filing

Manager:

12 positions • $119.3M total value

SEC FilingSEC DataHachi Filing

Manager:

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IAC Inc.

IAC|44891N208

Shares:416.2K

Value:$19.1M

% of Portfolio:16.0% ($19.1M/$119.3M)

Nomad Foods Ltd

NOMD|G6564A105

Shares:927.8K

Value:$18.2M

% of Portfolio:15.3% ($18.2M/$119.3M)

Gaming & Leisure Properties, Inc.

GLPI|36467J108

Shares:326.7K

Value:$16.6M

% of Portfolio:13.9% ($16.6M/$119.3M)

HEIDRICK & STRUGGLES INTERNATIONAL INC

HSII|422819102

Shares:287.0K

Value:$12.3M

% of Portfolio:10.3% ($12.3M/$119.3M)

DYCOM INDUSTRIES INC

DY|267475101

Shares:75.5K

Value:$11.5M

% of Portfolio:9.6% ($11.5M/$119.3M)

U-Haul Holding Co /NV/

UHAL-B|023586506

Shares:194.2K

Value:$11.5M

% of Portfolio:9.6% ($11.5M/$119.3M)

UFP TECHNOLOGIES INC

UFPT|902673102

Shares:44.8K

Value:$9.0M

% of Portfolio:7.6% ($9.0M/$119.3M)

FIGS, Inc.

FIGS|30260D103

Shares:1.8M

Value:$8.3M

% of Portfolio:7.0% ($8.3M/$119.3M)

N-able, Inc.

NABL|62878D100

Shares:1.1M

Value:$7.7M

% of Portfolio:6.4% ($7.7M/$119.3M)

Janus International Group, Inc.

JBI|47103N106

Shares:346.7K

Value:$2.5M

% of Portfolio:2.1% ($2.5M/$119.3M)

U-Haul Holding Co /NV/

UHAL|023586100

Shares:25.1K

Value:$1.6M

% of Portfolio:1.4% ($1.6M/$119.3M)

00183L201

Shares:55.1K

Value:$849.5K

% of Portfolio:0.7% ($849.5K/$119.3M)

Instrument	Shares		Other Manager	Value	% of Portfolio
IAC Inc.(IACcusip44891N208)	416.2K	QoQ 0.00% (+0) YoY +6.56% (-25.6K)	All Managers (Combined)	$19.1M	16.0% ($19.1M/$119.3M)	QoQ +6.49% (+$1.2M) YoY -8.21% (-$1.7M)
Nomad Foods Ltd(NOMDcusipG6564A105)	927.8K	QoQ 0.00% (+0) YoY +10.01% (+84.5K)	All Managers (Combined)	$18.2M	15.3% ($18.2M/$119.3M)	QoQ +17.10% (+$2.7M) YoY +10.52% (+$1.7M)
Gaming & Leisure Properties, Inc.(GLPIcusip36467J108)	326.7K	QoQ 0.00% (+0) YoY +4.75% (+14.8K)	All Managers (Combined)	$16.6M	13.9% ($16.6M/$119.3M)	QoQ +5.68% (+$895.2K) YoY +15.73% (+$2.3M)
HEIDRICK & STRUGGLES INTERNATIONAL INC(HSIIcusip422819102)	287.0K	QoQ -1.63% (-4.8K) YoY -34.87% (-153.7K)	All Managers (Combined)	$12.3M	10.3% ($12.3M/$119.3M)	QoQ -4.92% (-$636.7K) YoY -17.12% (-$2.5M)
DYCOM INDUSTRIES INC(DYcusip267475101)	75.5K	QoQ +48.00% (+24.5K) YoY -11.42% (-9.7K)	All Managers (Combined)	$11.5M	9.6% ($11.5M/$119.3M)	QoQ +29.53% (+$2.6M) YoY -5.98% (-$732.5K)
U-Haul Holding Co /NV/(UHAL-Bcusip023586506)	194.2K	QoQ +49.28% (+64.1K) YoY NEW(+194.2K)	All Managers (Combined)	$11.5M	9.6% ($11.5M/$119.3M)	QoQ +37.93% (+$3.2M) YoY NEW(+$11.5M)
UFP TECHNOLOGIES INC(UFPTcusip902673102)	44.8K	QoQ 0.00% (-0) YoY -32.54% (-21.6K)	All Managers (Combined)	$9.0M	7.6% ($9.0M/$119.3M)	QoQ -17.50% (-$1.9M) YoY -46.04% (-$7.7M)
FIGS, Inc.(FIGScusip30260D103)	1.8M	QoQ -27.04% (-672.7K) YoY -27.29% (-681.1K)	All Managers (Combined)	$8.3M	7.0% ($8.3M/$119.3M)	QoQ -45.90% (-$7.1M) YoY -32.98% (-$4.1M)
N-able, Inc.(NABLcusip62878D100)	1.1M	QoQ 0.00% (-0) YoY NEW(+1.1M)	All Managers (Combined)	$7.7M	6.4% ($7.7M/$119.3M)	QoQ -24.08% (-$2.4M) YoY NEW(+$7.7M)
Janus International Group, Inc.(JBIcusip47103N106)	346.7K	QoQ -56.15% (-443.9K) YoY NEW(+346.7K)	All Managers (Combined)	$2.5M	2.1% ($2.5M/$119.3M)	QoQ -57.04% (-$3.3M) YoY NEW(+$2.5M)
U-Haul Holding Co /NV/(UHALcusip023586100)	25.1K	QoQ 0.00% (-0) YoY -53.78% (-29.2K)	All Managers (Combined)	$1.6M	1.4% ($1.6M/$119.3M)	QoQ -5.39% (-$93.6K) YoY -55.27% (-$2.0M)
(cusip00183L201)✕	55.1K	QoQ NEW(+55.1K) YoY NEW(+55.1K)	All Managers (Combined)	$849.5K	0.7% ($849.5K/$119.3M)	QoQ NEW(+$849.5K) YoY NEW(+$849.5K)