# THB ASSET MANAGEMENT

> Institutional holdings reported to the SEC as of Q4 2020 on Form 13F. CIK 1057439. Source: https://holderbook.com/funds/1057439-thb-asset-management/

- Reported value: $440.3M
- Positions: 154
- Weight of the ten largest: 21.7%
- Filed: 2021-02-05

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| GUESS INC | [GES](https://holderbook.com/stocks/GES/) | $13.0M | 574,598 | 3.0% | 4 |
| TPI COMPOSITES INC | [TPICQ](https://holderbook.com/stocks/TPICQ/) | $11.4M | 215,392 | 2.6% | 6 |
| FIRST BUSEY CORP | [BUSE](https://holderbook.com/stocks/BUSE/) | $11.1M | 514,112 | 2.5% | 9 |
| PAR TECHNOLOGY CORP | [PAR](https://holderbook.com/stocks/PAR/) | $9.5M | 150,690 | 2.1% | 9 |
| PERFICIENT INC | [PRFT](https://holderbook.com/stocks/PRFT/) | $9.1M | 191,618 | 2.1% | 4 |
| BJS RESTAURANTS INC | [BJRI](https://holderbook.com/stocks/BJRI/) | $9.0M | 233,547 | 2.0% | 4 |
| HYSTER-YALE INC | [HY](https://holderbook.com/stocks/HY/) | $8.8M | 148,495 | 2.0% | 5 |
| RENEWABLE ENERGY GROUP INC | [REGI](https://holderbook.com/stocks/REGI/) | $8.4M | 118,975 | 1.9% | 7 |
| EPLUS INC | [PLUS](https://holderbook.com/stocks/PLUS/) | $7.7M | 88,065 | 1.8% | 9 |
| JOINT CORP | [JYNT](https://holderbook.com/stocks/JYNT/) | $7.4M | 280,694 | 1.7% | 6 |
| BIOLIFE SOLUTIONS INC | [BLFS](https://holderbook.com/stocks/BLFS/) | $7.2M | 180,056 | 1.6% | 6 |
| UPLAND SOFTWARE INC | [UPLD](https://holderbook.com/stocks/UPLD/) | $6.8M | 147,913 | 1.5% | 6 |
| ULTRA CLEAN HLDGS INC | [UCTT](https://holderbook.com/stocks/UCTT/) | $6.6M | 212,491 | 1.5% | 9 |
| CLEAN ENERGY FUELS CORP | [CLNE](https://holderbook.com/stocks/CLNE/) | $6.4M | 819,310 | 1.5% | 1 |
| SKYWEST INC | [SKYW](https://holderbook.com/stocks/SKYW/) | $6.4M | 157,706 | 1.4% | 4 |
| SLEEP NUMBER CORP | [SNBRQ](https://holderbook.com/stocks/SNBRQ/) | $6.3M | 76,755 | 1.4% | 3 |
| CHEESECAKE FACTORY INC | [CAKE](https://holderbook.com/stocks/CAKE/) | $6.3M | 169,513 | 1.4% | 4 |
| BOOT BARN HLDGS INC | [BOOT](https://holderbook.com/stocks/BOOT/) | $6.3M | 144,167 | 1.4% | 3 |
| CENTURY COMMUNITIES INC | [CCS](https://holderbook.com/stocks/CCS/) | $5.8M | 133,463 | 1.3% | 9 |
| LEMAITRE VASCULAR INC | [LMAT](https://holderbook.com/stocks/LMAT/) | $5.8M | 143,886 | 1.3% | 9 |
| SONOS INC | [SONO](https://holderbook.com/stocks/SONO/) | $5.7M | 242,027 | 1.3% | 6 |
| KOPPERS HOLDINGS INC | [KOP](https://holderbook.com/stocks/KOP/) | $5.6M | 181,227 | 1.3% | 8 |
| OLD SECOND BANCORP INC DEL | [OSBC](https://holderbook.com/stocks/OSBC/) | $5.2M | 518,812 | 1.2% | 9 |
| U S CONCRETE INC | [USCR](https://holderbook.com/stocks/USCR/) | $5.2M | 130,593 | 1.2% | 2 |
| CIRCOR INTL INC | [CIR](https://holderbook.com/stocks/CIR/) | $5.1M | 133,360 | 1.2% | 2 |
| GREENBRIER COS INC | [GBX](https://holderbook.com/stocks/GBX/) | $5.0M | 137,687 | 1.1% | 3 |
| M/I HOMES INC | [MHO](https://holderbook.com/stocks/MHO/) | $4.8M | 108,241 | 1.1% | 9 |
| AMNEAL PHARMACEUTICALS INC | [AMRX](https://holderbook.com/stocks/AMRX/) | $4.6M | 1,014,495 | 1.1% | 3 |
| VERICEL CORP | [VCEL](https://holderbook.com/stocks/VCEL/) | $4.6M | 149,871 | 1.1% | 1 |
| ICHOR HOLDINGS | [ICHR](https://holderbook.com/stocks/ICHR/) | $4.6M | 151,092 | 1.0% | 3 |
| ALLIENT INC | [ALNT](https://holderbook.com/stocks/ALNT/) | $4.5M | 88,399 | 1.0% | 9 |
| ENVIRI CORP | [NVRI](https://holderbook.com/stocks/NVRI/) | $4.5M | 250,843 | 1.0% | 4 |
| LUNA INNOVATIONS INC | [LUNA](https://holderbook.com/stocks/LUNA/) | $4.5M | 453,653 | 1.0% | 4 |
| ONTO INNOVATION INC | [ONTO](https://holderbook.com/stocks/ONTO/) | $4.5M | 93,922 | 1.0% | 5 |
| TRANSCAT INC | [TRNS](https://holderbook.com/stocks/TRNS/) | $4.4M | 126,693 | 1.0% | 9 |
| PROVIDENCE SVC CORP | [PRSC](https://holderbook.com/stocks/PRSC/) | $4.4M | 31,535 | 1.0% | 8 |
| AMERICAS CAR-MART INC | [CRMT](https://holderbook.com/stocks/CRMT/) | $4.4M | 39,737 | 1.0% | 4 |
| RETRACTABLE TECHNOLOGIES INC | [RVP](https://holderbook.com/stocks/RVP/) | $4.1M | 385,403 | 0.9% | 1 |
| ORTHOFIX MED INC | [OFIX](https://holderbook.com/stocks/OFIX/) | $4.1M | 94,775 | 0.9% | 8 |
| ADDUS HOMECARE CORP | [ADUS](https://holderbook.com/stocks/ADUS/) | $4.0M | 34,271 | 0.9% | 9 |
| GRAHAM CORP | [GHM](https://holderbook.com/stocks/GHM/) | $3.9M | 257,312 | 0.9% | 9 |
| NN INC | [NNBR](https://holderbook.com/stocks/NNBR/) | $3.9M | 587,424 | 0.9% | 2 |
| RPC INC | [RES](https://holderbook.com/stocks/RES/) | $3.8M | 1,197,400 | 0.9% | 9 |
| PING IDENTITY HLDG CORP | [PING](https://holderbook.com/stocks/PING/) | $3.7M | 130,694 | 0.9% | 4 |
| ORION GROUP HLDGS INC | [ORN](https://holderbook.com/stocks/ORN/) | $3.7M | 750,020 | 0.8% | 6 |
| RANDOLPH BANCORP INC | [RNDB](https://holderbook.com/stocks/RNDB/) | $3.6M | 163,662 | 0.8% | 9 |
| HERITAGE FINL CORP WASH | [HFWA](https://holderbook.com/stocks/HFWA/) | $3.5M | 151,540 | 0.8% | 9 |
| AMERESCO INC | [AMRC](https://holderbook.com/stocks/AMRC/) | $3.5M | 67,693 | 0.8% | 4 |
| NAPCO SEC TECHNOLOGIES INC | [NSSC](https://holderbook.com/stocks/NSSC/) | $3.5M | 133,282 | 0.8% | 3 |
| AMBARELLA INC | [AMBA](https://holderbook.com/stocks/AMBA/) | $3.4M | 37,178 | 0.8% | 4 |
| JOHNSON OUTDOORS INC | [JOUT](https://holderbook.com/stocks/JOUT/) | $3.4M | 29,845 | 0.8% | 9 |
| ORION ENERGY SYS INC | [OESXXXXX](https://holderbook.com/stocks/OESXXXXX/) | $3.3M | 330,084 | 0.7% | 2 |
| UNIVERSAL TECHNICAL INST INC | [UTI](https://holderbook.com/stocks/UTI/) | $3.1M | 479,862 | 0.7% | 4 |
| PREFORMED LINE PRODS CO | [PLPC](https://holderbook.com/stocks/PLPC/) | $3.1M | 44,814 | 0.7% | 5 |
| BASSETT FURNITURE INDS INC | [BSET](https://holderbook.com/stocks/BSET/) | $3.0M | 149,151 | 0.7% | 2 |
| CARDIOVASCULAR SYS INC DEL | [CSII](https://holderbook.com/stocks/CSII/) | $2.9M | 66,412 | 0.7% | 9 |
| KADANT INC | [KAI](https://holderbook.com/stocks/KAI/) | $2.8M | 20,016 | 0.6% | 6 |
| KAISER ALUMINIUM CORPORATION | [KALU](https://holderbook.com/stocks/KALU/) | $2.7M | 27,421 | 0.6% | 1 |
| VISHAY PRECISION GROUP INC | [VPG](https://holderbook.com/stocks/VPG/) | $2.7M | 85,604 | 0.6% | 9 |
| DEL TACO RESTAURANTS INC | [TACO](https://holderbook.com/stocks/TACO/) | $2.7M | 294,725 | 0.6% | 9 |
| ATRION CORP | [ATRI](https://holderbook.com/stocks/ATRI/) | $2.6M | 4,121 | 0.6% | 9 |
| NWPX INFRASTRUCTURE INC | [NWPX](https://holderbook.com/stocks/NWPX/) | $2.6M | 91,880 | 0.6% | 5 |
| U S XPRESS ENTERPRISES INC | [USX](https://holderbook.com/stocks/USX/) | $2.5M | 371,339 | 0.6% | 4 |
| MESA LABS INC | [MLAB](https://holderbook.com/stocks/MLAB/) | $2.5M | 8,779 | 0.6% | 9 |
| WILLDAN GROUP INC | [WLDN](https://holderbook.com/stocks/WLDN/) | $2.5M | 60,091 | 0.6% | 9 |
| ARTIVION INC | [AORT](https://holderbook.com/stocks/AORT/) | $2.5M | 104,616 | 0.6% | 9 |
| BAYCOM CORP | [BCML](https://holderbook.com/stocks/BCML/) | $2.5M | 162,226 | 0.6% | 9 |
| RED ROBIN GOURMET BURGERS IN | [RRGB](https://holderbook.com/stocks/RRGB/) | $2.3M | 119,559 | 0.5% | 1 |
| CALLAWAY GOLF CO | [CALY](https://holderbook.com/stocks/CALY/) | $2.3M | 94,640 | 0.5% | 8 |
| STIFEL FINL CORP | [SF](https://holderbook.com/stocks/SF/) | $2.2M | 43,997 | 0.5% | 4 |
| IES HOLDINGS INC | [IESC](https://holderbook.com/stocks/IESC/) | $2.2M | 47,058 | 0.5% | 4 |
| ZIX CORP | [ZIXI](https://holderbook.com/stocks/ZIXI/) | $2.1M | 249,127 | 0.5% | 9 |
| CHUYS HLDGS INC | [CHUY](https://holderbook.com/stocks/CHUY/) | $2.1M | 80,955 | 0.5% | 9 |
| INSTEEL INDS INC | [IIIN](https://holderbook.com/stocks/IIIN/) | $2.1M | 95,261 | 0.5% | 9 |
| ALTRA INDL MOTION CORP | [AIMC](https://holderbook.com/stocks/AIMC/) | $2.1M | 38,209 | 0.5% | 8 |
| ULTRALIFE CORP | [ULBI](https://holderbook.com/stocks/ULBI/) | $2.1M | 320,148 | 0.5% | 9 |
| NOODLES & CO | [NDLS](https://holderbook.com/stocks/NDLS/) | $2.1M | 261,671 | 0.5% | 5 |
| ASPEN GROUP INC | [ASPU](https://holderbook.com/stocks/ASPU/) | $2.0M | 180,295 | 0.5% | 2 |
| LIGAND PHARMACEUTICALS INC | [LGND](https://holderbook.com/stocks/LGND/) | $2.0M | 20,096 | 0.5% | 3 |
| MOVADO GROUP INC | [MOV](https://holderbook.com/stocks/MOV/) | $1.9M | 116,692 | 0.4% | 1 |
| SHYFT GROUP INC | [SHYF](https://holderbook.com/stocks/SHYF/) | $1.9M | 67,830 | 0.4% | 1 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $1.9M | 18,650 | 0.4% | 3 |
| EXPRO GROUP HOLDINGS NV COM | [FI](https://holderbook.com/stocks/FI/) | $1.8M | 669,136 | 0.4% | 4 |
| COHERUS ONCOLOGY INC | [CHRS](https://holderbook.com/stocks/CHRS/) | $1.8M | 101,790 | 0.4% | 3 |
| MERIDIAN BIOSCIENCE INC | [VIVO](https://holderbook.com/stocks/VIVO/) | $1.8M | 94,040 | 0.4% | 3 |
| MYR GROUP INC | [MYRG](https://holderbook.com/stocks/MYRG/) | $1.7M | 29,084 | 0.4% | 9 |
| HOME BANCSHARES INC | [HOMB](https://holderbook.com/stocks/HOMB/) | $1.7M | 89,456 | 0.4% | 9 |
| BROADWIND INC | [BWEN](https://holderbook.com/stocks/BWEN/) | $1.7M | 213,770 | 0.4% | 1 |
| ADVANCED ENERGY INDS | [AEIS](https://holderbook.com/stocks/AEIS/) | $1.7M | 17,419 | 0.4% | 7 |
| LANTHEUS HLDGS INC | [LNTH](https://holderbook.com/stocks/LNTH/) | $1.7M | 124,966 | 0.4% | 6 |
| GEOSPACE TECHNOLOGIES CORP | [GEOS](https://holderbook.com/stocks/GEOS/) | $1.7M | 195,194 | 0.4% | 1 |
| PRO-DEX INC COLO | [PDEX](https://holderbook.com/stocks/PDEX/) | $1.6M | 51,887 | 0.4% | 6 |
| LOUISIANA PAC CORP | [LPX](https://holderbook.com/stocks/LPX/) | $1.5M | 41,276 | 0.3% | 3 |
| FORMFACTOR INC | [FORM](https://holderbook.com/stocks/FORM/) | $1.5M | 35,176 | 0.3% | 4 |
| REX AMERICAN RES CORP | [REX](https://holderbook.com/stocks/REX/) | $1.5M | 20,558 | 0.3% | 9 |
| ASTRANA HEALTH INC | [ASTH](https://holderbook.com/stocks/ASTH/) | $1.5M | 79,692 | 0.3% | 6 |
| FIRST BANCSHARES INC MS | [FBMS](https://holderbook.com/stocks/FBMS/) | $1.4M | 46,826 | 0.3% | 9 |
| ITERIS INC NEW | [ITI](https://holderbook.com/stocks/ITI/) | $1.4M | 254,389 | 0.3% | 1 |
| ECHO GLOBAL LOGISTICS INC | [ECHO](https://holderbook.com/stocks/ECHO/) | $1.4M | 50,866 | 0.3% | 1 |
| INSTALLED BLDG PRODS INC | [IBP](https://holderbook.com/stocks/IBP/) | $1.4M | 13,279 | 0.3% | 8 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q4 2020 | +33.3% | +11.6% | +21.7% | 100% |
| Q3 2020 | +13.1% | +8.6% | +4.5% | 100% |
| Q2 2020 | +31.7% | +19.6% | +12.1% | 100% |
| Q1 2020 | -33.9% | -19.9% | -14.0% | 100% |
| Q4 2019 | +7.8% | +8.5% | -0.7% | 98% |
| Q3 2019 | -3.6% | +1.3% | -4.9% | 100% |
| Q2 2019 | +1.1% | +3.7% | -2.6% | 100% |
| Q1 2019 | +7.5% | +13.0% | -5.5% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q4 2020 | $440.3M | 154 |
| Q3 2020 | $360.5M | 151 |
| Q2 2020 | $345.5M | 149 |
| Q1 2020 | $319.1M | 148 |
| Q4 2019 | $540.2M | 164 |
| Q3 2019 | $540.3M | 163 |
| Q2 2019 | $627.5M | 162 |
| Q1 2019 | $687.8M | 166 |
| Q4 2018 | $672.4M | 163 |