Hillcrest Asset Management LLC
Reported holdings as of Q4 2021, from 13 quarterly filings.
This filer last reported in Q4 2021; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| UFP INDUSTRIES INC | UFPI | $16.4M | 178,202 | +0.51pp | 7q | -12.8%-$2.4M | |
| EXLSERVICE HLDGS INC | EXLS | $16.1M | 111,246 | +0.21pp | 7q | -12.7%-$2.3M | |
| LXP INDUSTRIAL TRUST | LXPXXXX | $16.1M | 1,029,818 | +0.30pp | 13q | -12.7%-$2.3M | |
| SPECTRUM BRANDS HOLDINGS INC | SPB | $15.3M | 150,269 | -0.03pp | 5q | -12.7%-$2.2M | |
| FABRINET | FN | $15.2M | 128,251 | - | new | NEW | |
| EMCOR GROUP INC | EME | $14.6M | 114,892 | +0.06pp | 7q | -12.7%-$2.1M | |
| AMN HEALTHCARE SVCS INC | AMN | $14.5M | 118,828 | -0.66pp | 13q | -32.1%-$6.9M | |
| UMB FINL CORP | UMBF | $14.4M | 135,670 | +0.04pp | 13q | -12.7%-$2.1M | |
| HILLTOP HLDGS INC | HTH | $14.2M | 402,832 | flat | 9q | -12.8%-$2.1M | |
| INVESTORS BANCORP INC NEW | ISBC | $13.7M | 901,117 | -0.15pp | 7q | -12.7%-$2.0M | |
| DIODES INC | DIOD | $13.6M | 124,173 | -0.49pp | 13q | -37.4%-$8.1M | |
| EVERCORE INC | EVR | $13.5M | 99,534 | -0.12pp | 13q | -12.7%-$2.0M | |
| SELECT MED HLDGS CORP | SEM | $13.4M | 455,999 | -0.66pp | 7q | -12.7%-$2.0M | |
| AAR CORP | AIR | $12.8M | 329,182 | - | new | NEW | |
| AIR TRANSPORT SERVICES GRP I | ATSG | $12.7M | 431,507 | - | new | NEW | |
| CARETRUST REIT INC | CTRE | $12.6M | 552,877 | +0.08pp | 5q | -12.7%-$1.8M | |
| SOMNIGROUP INTERNATIONAL INC | SGI | $12.3M | 260,549 | -0.11pp | 7q | -12.7%-$1.8M | |
| PIEDMONT REALTY TRUST INC | PDM | $12.2M | 665,552 | -0.04pp | 8q | -12.7%-$1.8M | |
| STIFEL FINL CORP | SF | $12.2M | 173,561 | -0.66pp | 13q | -33.2%-$6.1M | |
| GRIFFON CORP | GFF | $12.2M | 427,737 | +0.13pp | 3q | -12.7%-$1.8M | |
| STEWART INFORMATION SVCS COR | STC | $12.2M | 152,724 | - | new | NEW | |
| GREEN BRICK PARTNERS INC | GRBK | $12.1M | 399,175 | +0.50pp | 3q | -12.7%-$1.8M | |
| MALIBU BOATS INC | MBUU | $12.1M | 175,992 | -0.18pp | 13q | -12.9%-$1.8M | |
| COPT DEFENSE PROPERTIES | CDP | $11.5M | 412,744 | -0.07pp | 4q | -12.7%-$1.7M | |
| CHEMOURS CO | CC | $11.4M | 339,946 | +0.12pp | 3q | -12.8%-$1.7M | |
| SHYFT GROUP INC | SHYF | $11.1M | 225,534 | +0.28pp | 6q | -12.7%-$1.6M | |
| CATHAY GEN BANCORP | CATY | $11.0M | 254,788 | -0.06pp | 13q | -12.8%-$1.6M | |
| GRAPHIC PACKAGING HLDG CO | GPK | $10.9M | 557,635 | -0.08pp | 7q | -12.7%-$1.6M | |
| VIRTUS INVT PARTNERS INC | VRTS | $10.7M | 35,893 | -0.20pp | 3q | -12.6%-$1.5M | |
| PORTLAND GEN ELEC CO | POR | $10.7M | 201,283 | +0.07pp | 4q | -12.7%-$1.6M | |
| PROG HOLDINGS INC | PRG | $10.6M | 235,212 | +0.42pp | 5q | +17.8%+$1.6M | |
| GRAY MEDIA INC | GTN | $10.6M | 524,947 | -0.35pp | 13q | -12.7%-$1.5M | |
| AMERIS BANCORP | ABCB | $10.5M | 211,885 | -0.20pp | 5q | -12.7%-$1.5M | |
| ARGO GROUP INTERNATIONAL NON-CUSIP ID | $10.4M | 179,800 | +0.05pp | 2q | -12.8%-$1.5M | ||
| Orion Engineered Carbons SA UNVERIFIED ID | $10.3M | 559,481 | -0.11pp | 2q | -12.7%-$1.5M | ||
| PDC ENERGY INC | PDCE | $10.2M | 208,836 | -0.07pp | 8q | -12.8%-$1.5M | |
| TIMKEN CO | TKR | $10.0M | 144,907 | -0.02pp | 11q | -12.8%-$1.5M | |
| EPR PPTYS | EPR | $10.0M | 210,111 | - | new | NEW | |
| BRANDYWINE RLTY TR | BDN | $9.8M | 729,119 | -0.11pp | 10q | -12.8%-$1.4M | |
| HILLENBRAND INC | HI | $9.7M | 185,989 | +0.17pp | 5q | -12.8%-$1.4M | |
| INTEGER HLDGS CORP | ITGR | $9.6M | 112,357 | -0.18pp | 7q | -12.7%-$1.4M | |
| WINNEBAGO INDS INC | WGO | $9.6M | 128,328 | -0.06pp | 13q | -12.7%-$1.4M | |
| WERNER ENTERPRISES INC | WERN | $9.5M | 199,554 | flat | 4q | -12.7%-$1.4M | |
| JACK IN THE BOX INC | JACK | $9.5M | 108,438 | -0.29pp | 4q | -12.8%-$1.4M | |
| SOUTHWEST GAS HLDGS INC | SWX | $9.2M | 131,537 | -0.04pp | 7q | -12.8%-$1.4M | |
| NATIONAL BK HLDGS CORP | NBHC | $9.2M | 208,313 | +0.01pp | 13q | -12.7%-$1.3M | |
| CIVITAS RESOURCES INC | CIVI | $9.1M | 186,354 | - | new | NEW | |
| ADAPTHEALTH CORP | AHCO | $8.9M | 365,467 | - | new | NEW | |
| II-VI INC | IIVI | $8.8M | 128,048 | +0.09pp | 13q | -12.7%-$1.3M | |
| PRIMORIS SVCS CORP | PRIM | $8.7M | 361,328 | -0.13pp | 13q | -12.7%-$1.3M | |
| WHITING PETE CORP NEW | WLL | $8.0M | 123,770 | - | new | NEW | |
| EMERGENT BIOSOLUTIONS INC | EBS | $8.0M | 184,010 | -0.29pp | 13q | -12.5%-$1.1M | |
| MCGRATH RENTCORP | MGRC | $7.8M | 97,299 | +0.04pp | 7q | -12.7%-$1.1M | |
| LA Z BOY INC | LZB | $7.2M | 199,560 | +0.05pp | 5q | -12.8%-$1.1M | |
| STANDARD MTR PRODS INC | SMP | $7.0M | 133,871 | +0.11pp | 6q | -12.8%-$1.0M | |
| NMI HLDGS INC | NMIH | $7.0M | 320,517 | -0.12pp | 8q | -12.7%-$1.0M | |
| VERITEX HLDGS INC | VBTX | $7.0M | 175,071 | -0.07pp | 12q | -12.7%-$1.0M | |
| WORLD KINECT CORPORATION | WKC | $6.5M | 244,042 | -0.36pp | 8q | -12.7%-$939.7K | |
| NORTHWESTERN ENERGY GROUP IN | NWE | $6.0M | 105,209 | -0.07pp | 13q | -12.7%-$872.3K | |
| G III APPAREL GROUP LTD | GIII | $5.9M | 214,835 | -0.09pp | 13q | -12.8%-$869.3K |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Construction & Building | $71.3M | 10.9% |
| Banks & Lending | $59.2M | 9.0% |
| Real Estate | $56.2M | 8.6% |
| Business Services | $49.1M | 7.5% |
| Semiconductors & Electronics | $44.1M | 6.7% |
| Autos & Aerospace | $41.6M | 6.3% |
| Capital Markets | $36.4M | 5.5% |
| Industrials | $33.1M | 5.0% |
| Insurance | $19.2M | 2.9% |
| Utilities | $16.7M | 2.5% |
| Retail & Consumer | $15.4M | 2.4% |
| Chemicals | $11.4M | 1.7% |
| Other sectors | $62.3M | 9.5% |
| Not classified | $140.3M | 21.4% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q4 2021 | $656.2M | 60 | 8 | 1 | 51 | 6 | 22.9% | 55 |
| Q3 2021 | $698.9M | 58 | 3 | 10 | 45 | 4 | 24.0% | 47 |
| Q2 2021 | $739.6M | 59 | 4 | 0 | 55 | 4 | 23.4% | 49 |
| Q1 2021 | $856.9M | 59 | 5 | 1 | 4 | 6 | 22.5% | 50 |
| Q4 2020 | $735.6M | 60 | 6 | 2 | 2 | 3 | 22.0% | 61 |
| Q3 2020 | $565.7M | 57 | 4 | 5 | 48 | 3 | 26.6% | 48 |
| Q2 2020 | $547.3M | 56 | 11 | 37 | 8 | 10 | 26.9% | 45 |
| Q1 2020 | $416.0M | 55 | 7 | 43 | 0 | 10 | 30.9% | 31 |
| Q4 2019 | $656.9M | 58 | 1 | 4 | 53 | 1 | 24.6% | 45 |
| Q3 2019 | $626.3M | 58 | 4 | 0 | 54 | 4 | 25.4% | 29 |
| Q2 2019 | $642.2M | 58 | 1 | 56 | 0 | 1 | 24.9% | 46 |
| Q1 2019 | $624.8M | 58 | 5 | 52 | 0 | 5 | 24.7% | 40 |
| Q4 2018 | $416.4M | 58 | 0 | 0 | 0 | 0 | 24.0% | 46 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.