# INVESTMENT COUNSELORS OF MARYLAND LLC

> Institutional holdings reported to the SEC as of Q2 2021 on Form 13F. CIK 51964. Source: https://holderbook.com/funds/51964-investment-counselors-of-maryland-llc/

- Reported value: $4.4B
- Positions: 161
- Weight of the ten largest: 15.1%
- Filed: 2021-07-16

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 |
|---|---|---|---|---|---|
| MATADOR RES CO | [MTDR](https://holderbook.com/stocks/MTDR/) | $80.5M | 2,235,677 | 1.8% | 3 |
| LANTHEUS HLDGS INC | [LNTH](https://holderbook.com/stocks/LNTH/) | $76.8M | 2,779,298 | 1.8% | 5 |
| KULICKE & SOFFA INDS INC | [KLIC](https://holderbook.com/stocks/KLIC/) | $71.6M | 1,169,241 | 1.6% | 6 |
| OXFORD INDS INC | [OXM](https://holderbook.com/stocks/OXM/) | $67.5M | 683,269 | 1.5% | 5 |
| TRI POINTE HOMES INC | [TPH](https://holderbook.com/stocks/TPH/) | $64.4M | 3,004,440 | 1.5% | 11 |
| DESIGNER BRANDS INC | [DBI](https://holderbook.com/stocks/DBI/) | $63.0M | 3,804,289 | 1.4% | 9 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $59.7M | 447,368 | 1.4% | 11 |
| GROUP 1 AUTOMOTIVE INC | [GPI](https://holderbook.com/stocks/GPI/) | $59.1M | 382,415 | 1.4% | 11 |
| METHODE ELECTRS INC | [MEI](https://holderbook.com/stocks/MEI/) | $59.0M | 1,197,985 | 1.3% | 11 |
| WILEY JOHN & SONS INC | [WLY](https://holderbook.com/stocks/WLY/) | $58.4M | 971,152 | 1.3% | 11 |
| KITE REALTY GROUP TRUST | [KRG](https://holderbook.com/stocks/KRG/) | $57.4M | 2,608,601 | 1.3% | 11 |
| BELDEN INC | [BDC](https://holderbook.com/stocks/BDC/) | $57.2M | 1,131,429 | 1.3% | 11 |
| URBAN OUTFITTERS INC | [URBN](https://holderbook.com/stocks/URBN/) | $54.8M | 1,328,229 | 1.3% | 9 |
| DELUXE CORP MEDIUM TERM NTS | [DLX](https://holderbook.com/stocks/DLX/) | $54.7M | 1,145,260 | 1.3% | 7 |
| CONDUENT INC | [CNDT](https://holderbook.com/stocks/CNDT/) | $53.8M | 7,175,118 | 1.2% | 11 |
| TEXAS CAP BANCSHARES INC | [TCBI](https://holderbook.com/stocks/TCBI/) | $53.7M | 845,248 | 1.2% | 10 |
| TOWER SEMICONDUCTOR LTD | [TSEM](https://holderbook.com/stocks/TSEM/) | $52.4M | 1,779,516 | 1.2% | 3 |
| CONNECTONE BANCORP INC | [CNOB](https://holderbook.com/stocks/CNOB/) | $51.3M | 1,959,245 | 1.2% | 11 |
| ARGO GROUP INTL HLDGS LTD | [ARGO](https://holderbook.com/stocks/ARGO/) | $50.4M | 972,640 | 1.2% | 11 |
| PRA GROUP INC | [PRAA](https://holderbook.com/stocks/PRAA/) | $50.2M | 1,305,713 | 1.1% | 11 |
| PROGRESS SOFTWARE CORP | [PRGS](https://holderbook.com/stocks/PRGS/) | $49.9M | 1,079,085 | 1.1% | 11 |
| MODIVCARE INC | [MODVQ](https://holderbook.com/stocks/MODVQ/) | $49.7M | 292,070 | 1.1% | 2 |
| GREIF INC | [GEF](https://holderbook.com/stocks/GEF/) | $49.3M | 813,417 | 1.1% | 11 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $49.2M | 2,801,601 | 1.1% | 3 |
| ORION S.A. | [OEC](https://holderbook.com/stocks/OEC/) | $49.1M | 2,587,842 | 1.1% | 10 |
| STANDARD MTR PRODS INC | [SMP](https://holderbook.com/stocks/SMP/) | $48.9M | 1,128,572 | 1.1% | 5 |
| MILLERKNOLL INC | [MLKN](https://holderbook.com/stocks/MLKN/) | $48.9M | 1,036,829 | 1.1% | 1 |
| CBIZ INC | [CBZ](https://holderbook.com/stocks/CBZ/) | $48.5M | 1,480,936 | 1.1% | 11 |
| SIMMONS FIRST NATL CORP | [SFNC](https://holderbook.com/stocks/SFNC/) | $48.2M | 1,642,182 | 1.1% | 11 |
| PACIFIC PREMIER BANCORP | [PPBI](https://holderbook.com/stocks/PPBI/) | $47.8M | 1,131,235 | 1.1% | 9 |
| GREAT LAKES DREDGE & DOCK CO | [GLDD](https://holderbook.com/stocks/GLDD/) | $47.6M | 3,260,322 | 1.1% | 2 |
| MINERALS TECHNOLOGIES INC | [MTX](https://holderbook.com/stocks/MTX/) | $47.6M | 604,912 | 1.1% | 11 |
| VERITEX HLDGS INC | [VBTX](https://holderbook.com/stocks/VBTX/) | $47.4M | 1,337,409 | 1.1% | 7 |
| EDGEWELL PERSONAL CARE CO | [EPC](https://holderbook.com/stocks/EPC/) | $46.3M | 1,054,541 | 1.1% | 10 |
| NETGEAR INC | [NTGR](https://holderbook.com/stocks/NTGR/) | $45.9M | 1,197,427 | 1.0% | 8 |
| TAYLOR MORRISON HOME CORP | [TMHC](https://holderbook.com/stocks/TMHC/) | $45.3M | 1,714,910 | 1.0% | 1 |
| MATERION CORP | [MTRN](https://holderbook.com/stocks/MTRN/) | $45.3M | 600,727 | 1.0% | 4 |
| WINNEBAGO INDS INC | [WGO](https://holderbook.com/stocks/WGO/) | $45.0M | 662,286 | 1.0% | 11 |
| AMERIS BANCORP | [ABCB](https://holderbook.com/stocks/ABCB/) | $44.7M | 883,651 | 1.0% | 11 |
| TREEHOUSE FOODS INC | [THS](https://holderbook.com/stocks/THS/) | $44.4M | 998,299 | 1.0% | 11 |
| PINNACLE FINL PARTNERS INC | [PNFP](https://holderbook.com/stocks/PNFP/) | $44.2M | 501,091 | 1.0% | 11 |
| VERINT SYS INC | [VRNT](https://holderbook.com/stocks/VRNT/) | $43.7M | 970,299 | 1.0% | 11 |
| CRACKER BARREL OLD CTRY STOR | [CBRL](https://holderbook.com/stocks/CBRL/) | $43.4M | 292,611 | 1.0% | 2 |
| SEACOAST BKG CORP FLA | [SBCF](https://holderbook.com/stocks/SBCF/) | $43.1M | 1,262,611 | 1.0% | 11 |
| HUB GROUP INC | [HUBG](https://holderbook.com/stocks/HUBG/) | $43.1M | 653,424 | 1.0% | 6 |
| NETSCOUT SYS INC | [NTCT](https://holderbook.com/stocks/NTCT/) | $42.8M | 1,500,473 | 1.0% | 11 |
| BANC OF CALIFORNIA INC | [BANC](https://holderbook.com/stocks/BANC/) | $42.6M | 2,426,414 | 1.0% | 11 |
| GRANITE CONSTR INC | [GVA](https://holderbook.com/stocks/GVA/) | $42.5M | 1,022,744 | 1.0% | 11 |
| UMH PPTYS INC | [UMH](https://holderbook.com/stocks/UMH/) | $42.3M | 1,940,289 | 1.0% | 11 |
| ICF INTL INC | [ICFI](https://holderbook.com/stocks/ICFI/) | $42.3M | 480,937 | 1.0% | 11 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $42.1M | 3,095,483 | 1.0% | 11 |
| GRAFTECH INTL LTD | [EAF](https://holderbook.com/stocks/EAF/) | $41.6M | 3,576,016 | 1.0% | 6 |
| KAMAN CORP | [KAMN](https://holderbook.com/stocks/KAMN/) | $41.5M | 823,127 | 0.9% | 11 |
| CSG SYS INTL INC | [CSGS](https://holderbook.com/stocks/CSGS/) | $41.4M | 876,678 | 0.9% | 6 |
| TELEPHONE & DATA SYS INC | [TDS](https://holderbook.com/stocks/TDS/) | $41.0M | 1,811,187 | 0.9% | 1 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $41.0M | 1,133,402 | 0.9% | 2 |
| WERNER ENTERPRISES INC | [WERN](https://holderbook.com/stocks/WERN/) | $40.7M | 914,945 | 0.9% | 3 |
| ENVIRI CORP | [NVRI](https://holderbook.com/stocks/NVRI/) | $40.5M | 1,983,918 | 0.9% | 6 |
| ALBANY INTL CORP | [AIN](https://holderbook.com/stocks/AIN/) | $40.5M | 453,548 | 0.9% | 11 |
| ENSIGN GROUP INC | [ENSG](https://holderbook.com/stocks/ENSG/) | $40.2M | 463,720 | 0.9% | 11 |
| CENTRAL GARDEN & PET CO | [CENTA](https://holderbook.com/stocks/CENTA/) | $40.2M | 831,808 | 0.9% | 7 |
| KNOWLES CORP | [KN](https://holderbook.com/stocks/KN/) | $40.1M | 2,030,179 | 0.9% | 11 |
| NORTHWESTERN ENERGY GROUP IN | [NWE](https://holderbook.com/stocks/NWE/) | $39.7M | 659,542 | 0.9% | 3 |
| COMPASS DIVERSIFIED | [CODI](https://holderbook.com/stocks/CODI/) | $38.7M | 1,518,986 | 0.9% | 11 |
| FIRST BANCSHARES INC MS | [FBMS](https://holderbook.com/stocks/FBMS/) | $38.1M | 1,017,092 | 0.9% | 7 |
| NUVASIVE INC | [NUVA](https://holderbook.com/stocks/NUVA/) | $36.8M | 543,254 | 0.8% | 5 |
| SANDY SPRING BANCORP INC | [SASR](https://holderbook.com/stocks/SASR/) | $36.6M | 829,820 | 0.8% | 11 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $36.5M | 505,404 | 0.8% | 11 |
| DRIL-QUIP INC | [DRQ](https://holderbook.com/stocks/DRQ/) | $36.0M | 1,063,968 | 0.8% | 11 |
| STANDEX INTL CORP | [SXI](https://holderbook.com/stocks/SXI/) | $36.0M | 379,022 | 0.8% | 4 |
| STERLING BANCORP DEL | [STL](https://holderbook.com/stocks/STL/) | $35.5M | 1,430,272 | 0.8% | 11 |
| FIRST MERCHANTS CORP | [FRME](https://holderbook.com/stocks/FRME/) | $35.4M | 850,170 | 0.8% | 11 |
| FIRST BANCORP N C | [FBNC](https://holderbook.com/stocks/FBNC/) | $35.2M | 859,309 | 0.8% | 11 |
| ENTERPRISE FINL SVCS CORP | [EFSC](https://holderbook.com/stocks/EFSC/) | $35.0M | 754,227 | 0.8% | 11 |
| ABM INDS INC | [ABM](https://holderbook.com/stocks/ABM/) | $34.6M | 780,907 | 0.8% | 11 |
| UNIVERSAL ELECTRS INC | [UEIC](https://holderbook.com/stocks/UEIC/) | $34.4M | 709,602 | 0.8% | 11 |
| FOUR CORNERS PPTY TR INC | [FCPT](https://holderbook.com/stocks/FCPT/) | $34.1M | 1,234,631 | 0.8% | 8 |
| PHYSICIANS RLTY TR | [DOCXXXX](https://holderbook.com/stocks/DOCXXXX/) | $33.7M | 1,824,144 | 0.8% | 9 |
| MARTEN TRANS LTD | [MRTN](https://holderbook.com/stocks/MRTN/) | $33.2M | 2,012,349 | 0.8% | 1 |
| BEACON FINANCIAL CORP. | [BBT](https://holderbook.com/stocks/BBT/) | $33.0M | 1,205,226 | 0.8% | 1 |
| ATLANTIC UN BANKSHARES CORP | [AUB](https://holderbook.com/stocks/AUB/) | $32.5M | 897,874 | 0.7% | 4 |
| EMPIRE ST RLTY TR INC | [ESRT](https://holderbook.com/stocks/ESRT/) | $32.5M | 2,704,833 | 0.7% | 11 |
| ASTEC INDS INC | [ASTE](https://holderbook.com/stocks/ASTE/) | $32.2M | 511,134 | 0.7% | 11 |
| SP PLUS CORP | [SP](https://holderbook.com/stocks/SP/) | $31.6M | 1,031,728 | 0.7% | 11 |
| CATCHMARK TIMBER TR INC | [CTT](https://holderbook.com/stocks/CTT/) | $31.5M | 2,690,536 | 0.7% | 11 |
| EL POLLO LOCO HLDGS INC | [LOCO](https://holderbook.com/stocks/LOCO/) | $31.3M | 1,709,329 | 0.7% | 10 |
| BENCHMARK ELECTRS INC | [BHE](https://holderbook.com/stocks/BHE/) | $31.0M | 1,088,415 | 0.7% | 11 |
| ENERPAC TOOL GROUP CORP | [EPAC](https://holderbook.com/stocks/EPAC/) | $30.7M | 1,153,284 | 0.7% | 6 |
| BRANDYWINE RLTY TR | [BDN](https://holderbook.com/stocks/BDN/) | $29.6M | 2,158,844 | 0.7% | 11 |
| PJT PARTNERS INC | [PJT](https://holderbook.com/stocks/PJT/) | $29.0M | 406,766 | 0.7% | 1 |
| MATSON INC | [MATX](https://holderbook.com/stocks/MATX/) | $27.1M | 423,207 | 0.6% | 1 |
| MUELLER WTR PRODS INC | [MWA](https://holderbook.com/stocks/MWA/) | $26.1M | 1,810,951 | 0.6% | 9 |
| PEBBLEBROOK HOTEL TR | [PEB](https://holderbook.com/stocks/PEB/) | $24.4M | 1,037,208 | 0.6% | 11 |
| AUDIOCODES LTD | [AUDC](https://holderbook.com/stocks/AUDC/) | $23.9M | 722,639 | 0.5% | 1 |
| DYCOM INDS INC | [DY](https://holderbook.com/stocks/DY/) | $23.8M | 319,469 | 0.5% | 11 |
| COGNYTE SOFTWARE LTD | [CGNT](https://holderbook.com/stocks/CGNT/) | $23.8M | 971,240 | 0.5% | 2 |
| SUNSTONE HOTEL INVS INC NEW | [SHO](https://holderbook.com/stocks/SHO/) | $21.6M | 1,741,082 | 0.5% | 4 |
| EXPRO GROUP HOLDINGS NV COM | [FI](https://holderbook.com/stocks/FI/) | $21.5M | 7,099,955 | 0.5% | 9 |
| INTEGER HLDGS CORP | [ITGR](https://holderbook.com/stocks/ITGR/) | $21.2M | 224,786 | 0.5% | 5 |
| EARTHSTONE ENERGY INC | [ESTE](https://holderbook.com/stocks/ESTE/) | $19.9M | 1,793,476 | 0.5% | 11 |

## 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 |
|---|---|---|---|---|
| Q2 2021 | +3.1% | +8.0% | -4.9% | 99% |
| Q1 2021 | +20.5% | +6.0% | +14.5% | 99% |
| Q4 2020 | +31.4% | +11.6% | +19.7% | 99% |
| Q3 2020 | +2.0% | +8.6% | -6.6% | 100% |
| Q2 2020 | +19.8% | +19.6% | +0.1% | 100% |
| Q1 2020 | -35.6% | -19.9% | -15.6% | 98% |
| Q4 2019 | +6.8% | +8.5% | -1.7% | 99% |
| Q3 2019 | +0.9% | +1.3% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2021 | $4.4B | 161 |
| Q1 2021 | $3.9B | 159 |
| Q4 2020 | $3.1B | 159 |
| Q3 2020 | $2.2B | 159 |
| Q2 2020 | $1.9B | 153 |
| Q1 2020 | $1.5B | 189 |
| Q4 2019 | $2.3B | 191 |
| Q3 2019 | $2.2B | 189 |
| Q2 2019 | $2.1B | 190 |
| Q1 2019 | $2.1B | 187 |
| Q4 2018 | $1.7B | 193 |