# ADVISORY RESEARCH INC

> Institutional holdings reported to the SEC as of Q2 2026 on Form 13F. CIK 902584. Source: https://holderbook.com/funds/902584-advisory-research-inc/

- Reported value: $1.0B
- Positions: 136
- Weight of the ten largest: 41.4%
- Filed: 2026-08-13

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 |
|---|---|---|---|---|---|
| MYERS INDS INC | [MYE](https://holderbook.com/stocks/MYE/) | $65.6M | 1,857,873 | 6.5% | 5 |
| OPENLANE INC | [OPLN](https://holderbook.com/stocks/OPLN/) | $63.2M | 1,533,557 | 6.3% | 7 |
| TRIMAS CORP | [TRS](https://holderbook.com/stocks/TRS/) | $54.6M | 1,211,587 | 5.4% | 11 |
| TAIWAN SEMICONDUCTOR MANUFAC | [TSM](https://holderbook.com/stocks/TSM/) | $40.3M | 84,453 | 4.0% | 13 |
| BEL FUSE INC | [BELFB](https://holderbook.com/stocks/BELFB/) | $39.3M | 117,896 | 3.9% | 13 |
| PURSUIT ATTRACTIONS AND HOSP | [PRSU](https://holderbook.com/stocks/PRSU/) | $36.8M | 657,648 | 3.7% | 13 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $33.9M | 94,824 | 3.4% | 31 |
| KEURIG DR PEPPER INC | [KDP](https://holderbook.com/stocks/KDP/) | $28.4M | 867,771 | 2.8% | 10 |
| JBT MAREL CORPORATION | [JBTM](https://holderbook.com/stocks/JBTM/) | $27.5M | 189,869 | 2.7% | 12 |
| DAILY JOURNAL CORP | [DJCO](https://holderbook.com/stocks/DJCO/) | $25.0M | 41,510 | 2.5% | 6 |
| BROADCOM INC | [AVGO](https://holderbook.com/stocks/AVGO/) | $24.7M | 65,495 | 2.5% | 31 |
| LEGACY HOUSING CORP | [LEGH](https://holderbook.com/stocks/LEGH/) | $24.2M | 920,286 | 2.4% | 10 |
| MGIC INVT CORP WIS | [MTG](https://holderbook.com/stocks/MTG/) | $23.0M | 816,952 | 2.3% | 18 |
| PHILIP MORRIS INTL INC | [PM](https://holderbook.com/stocks/PM/) | $22.1M | 122,120 | 2.2% | 9 |
| NATIONAL PRESTO INDS INC | [NPK](https://holderbook.com/stocks/NPK/) | $20.2M | 161,764 | 2.0% | 2 |
| AMERICAN ELEC PWR CO INC | [AEP](https://holderbook.com/stocks/AEP/) | $20.1M | 146,846 | 2.0% | 9 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $19.1M | 76,085 | 1.9% | 25 |
| TAPESTRY INC | [TPR](https://holderbook.com/stocks/TPR/) | $18.7M | 127,464 | 1.9% | 10 |
| ACV AUCTIONS INC | [ACVA](https://holderbook.com/stocks/ACVA/) | $18.1M | 2,511,972 | 1.8% | 3 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $16.3M | 43,670 | 1.6% | 31 |
| LATAM AIRLINES GROUP SA | [LTM](https://holderbook.com/stocks/LTM/) | $16.0M | 274,022 | 1.6% | 2 |
| CME GROUP INC | [CME](https://holderbook.com/stocks/CME/) | $14.8M | 67,088 | 1.5% | 8 |
| KB FINL GROUP INC | [KB](https://holderbook.com/stocks/KB/) | $14.2M | 135,607 | 1.4% | 23 |
| LAMAR ADVERTISING CO | [LAMR](https://holderbook.com/stocks/LAMR/) | $12.9M | 82,766 | 1.3% | 23 |
| HUBBELL INC | [HUBB](https://holderbook.com/stocks/HUBB/) | $12.8M | 24,441 | 1.3% | 27 |
| GSK PLC | [GSK](https://holderbook.com/stocks/GSK/) | $11.3M | 215,664 | 1.1% | 14 |
| MARATHON PETE CORP | [MPC](https://holderbook.com/stocks/MPC/) | $10.3M | 40,268 | 1.0% | 2 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $10.2M | 18,191 | 1.0% | 8 |
| MATADOR RES CO | [MTDR](https://holderbook.com/stocks/MTDR/) | $9.3M | 187,674 | 0.9% | 23 |
| COMCAST CORP NEW | [CMCSA](https://holderbook.com/stocks/CMCSA/) | $9.2M | 376,554 | 0.9% | 2 |
| BRITISH AMERN TOB PLC | [BTI](https://holderbook.com/stocks/BTI/) | $8.6M | 139,453 | 0.9% | 4 |
| LAM RESEARCH CORP | [LRCX](https://holderbook.com/stocks/LRCX/) | $8.6M | 19,824 | 0.9% | 7 |
| APA CORPORATION | [APA](https://holderbook.com/stocks/APA/) | $8.5M | 261,415 | 0.8% | 2 |
| FERGUSON ENTERPRISES INC | [FERG](https://holderbook.com/stocks/FERG/) | $7.9M | 33,184 | 0.8% | 8 |
| ISHARES TR | [SGOV](https://holderbook.com/stocks/SGOV/) | $7.7M | 76,730 | 0.8% | 7 |
| INTUIT | [INTU](https://holderbook.com/stocks/INTU/) | $7.4M | 28,443 | 0.7% | 2 |
| VANGUARD BD INDEX FDS | [VUSB](https://holderbook.com/stocks/VUSB/) | $6.0M | 120,152 | 0.6% | 13 |
| PERFORMANCE FOOD GROUP CO | [PFGC](https://holderbook.com/stocks/PFGC/) | $5.9M | 52,549 | 0.6% | 20 |
| NICOLET BANKSHARES INC | [NIC](https://holderbook.com/stocks/NIC/) | $5.9M | 35,434 | 0.6% | 20 |
| M-TRON INDS INC | [MPTI](https://holderbook.com/stocks/MPTI/) | $5.9M | 59,011 | 0.6% | 3 |
| DANAOS CORPORATION | [DAC](https://holderbook.com/stocks/DAC/) | $5.8M | 47,412 | 0.6% | 20 |
| VANGUARD SCOTTSDALE FDS | [VCSH](https://holderbook.com/stocks/VCSH/) | $5.0M | 63,544 | 0.5% | 31 |
| STEEL DYNAMICS INC | [STLD](https://holderbook.com/stocks/STLD/) | $4.8M | 20,934 | 0.5% | 21 |
| SOUTHSTATE BK CORP | [SSB](https://holderbook.com/stocks/SSB/) | $4.6M | 46,447 | 0.5% | 4 |
| VANGUARD SCOTTSDALE FDS | [VGSH](https://holderbook.com/stocks/VGSH/) | $4.6M | 78,263 | 0.5% | 16 |
|  | [MFP](https://holderbook.com/stocks/MFP/) | $4.4M | 110,714 | 0.4% | 1 |
| VANGUARD SCOTTSDALE FDS | [VCIT](https://holderbook.com/stocks/VCIT/) | $4.2M | 51,166 | 0.4% | 31 |
| ARCOSA INC | [ACA](https://holderbook.com/stocks/ACA/) | $4.2M | 28,846 | 0.4% | 6 |
| ISHARES TR | [SHV](https://holderbook.com/stocks/SHV/) | $4.1M | 37,117 | 0.4% | 16 |
| ACM RESH INC | [ACMR](https://holderbook.com/stocks/ACMR/) | $3.6M | 28,732 | 0.4% | 4 |
| CAL MAINE FOODS INC | [CALM](https://holderbook.com/stocks/CALM/) | $3.6M | 44,612 | 0.4% | 3 |
| VALVOLINE INC | [VVV](https://holderbook.com/stocks/VVV/) | $3.6M | 90,637 | 0.4% | 27 |
| INVESCO EXCHANGE TRADED FD T | [RSP](https://holderbook.com/stocks/RSP/) | $3.5M | 16,408 | 0.3% | 31 |
| ISHARES TR | [IGSB](https://holderbook.com/stocks/IGSB/) | $3.3M | 63,572 | 0.3% | 25 |
| AMGEN INC | [AMGN](https://holderbook.com/stocks/AMGN/) | $3.2M | 8,800 | 0.3% | 4 |
| NETAPP INC | [NTAP](https://holderbook.com/stocks/NTAP/) | $3.2M | 20,588 | 0.3% | 23 |
| HEALTHEQUITY INC | [HQY](https://holderbook.com/stocks/HQY/) | $3.2M | 35,026 | 0.3% | 15 |
| HOME DEPOT INC | [HD](https://holderbook.com/stocks/HD/) | $3.2M | 8,950 | 0.3% | 31 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $3.1M | 10,795 | 0.3% | 29 |
| ISHARES TR | [IGIB](https://holderbook.com/stocks/IGIB/) | $3.1M | 57,761 | 0.3% | 25 |
| EMCOR GROUP INC | [EME](https://holderbook.com/stocks/EME/) | $3.0M | 3,603 | 0.3% | 9 |
| MOLSON COORS BEVERAGE CO | [TAP](https://holderbook.com/stocks/TAP/) | $2.9M | 75,007 | 0.3% | 4 |
| JEFFERIES FINANCIAL GROUP IN | [JEF](https://holderbook.com/stocks/JEF/) | $2.9M | 58,168 | 0.3% | 5 |
| BOWHEAD SPECIALTY HLDGS INC | [BOW](https://holderbook.com/stocks/BOW/) | $2.9M | 96,768 | 0.3% | 2 |
| FIRST MERCHANTS CORP | [FRME](https://holderbook.com/stocks/FRME/) | $2.9M | 65,315 | 0.3% | 23 |
| EAGLE MATLS INC | [EXP](https://holderbook.com/stocks/EXP/) | $2.8M | 12,588 | 0.3% | 11 |
| ALKAMI TECHNOLOGY INC | [ALKT](https://holderbook.com/stocks/ALKT/) | $2.8M | 155,711 | 0.3% | 5 |
| VANGUARD SPECIALIZED FUNDS | [VIG](https://holderbook.com/stocks/VIG/) | $2.8M | 11,658 | 0.3% | 26 |
| LOCKHEED MARTIN CORP | [LMT](https://holderbook.com/stocks/LMT/) | $2.7M | 5,343 | 0.3% | 18 |
| VANGUARD INDEX FDS | [VOO](https://holderbook.com/stocks/VOO/) | $2.7M | 3,942 | 0.3% | 26 |
| TEREX CORP NEW | [TEX](https://holderbook.com/stocks/TEX/) | $2.5M | 33,912 | 0.2% | 2 |
| WESTERN ALLIANCE BANCORP | [WAL](https://holderbook.com/stocks/WAL/) | $2.1M | 26,098 | 0.2% | 13 |
| ADVANCE AUTO PARTS INC | [AAP](https://holderbook.com/stocks/AAP/) | $2.1M | 34,110 | 0.2% | 2 |
| CDW CORP | [CDW](https://holderbook.com/stocks/CDW/) | $2.1M | 14,771 | 0.2% | 31 |
| NVENT ELEC PLC | [NVT](https://holderbook.com/stocks/NVT/) | $2.1M | 12,168 | 0.2% | 14 |
| ASBURY AUTOMOTIVE GROUP INC | [ABG](https://holderbook.com/stocks/ABG/) | $2.0M | 10,149 | 0.2% | 22 |
| SUPER GROUP SGHC LIMITED | [SGHC](https://holderbook.com/stocks/SGHC/) | $1.9M | 142,348 | 0.2% | 4 |
| FLYWIRE CORPORATION | [FLYW](https://holderbook.com/stocks/FLYW/) | $1.8M | 104,995 | 0.2% | 4 |
| ACCENTURE PLC IRELAND | [ACN](https://holderbook.com/stocks/ACN/) | $1.8M | 14,255 | 0.2% | 21 |
| ARES MANAGEMENT CORPORATION | [ARES](https://holderbook.com/stocks/ARES/) | $1.8M | 15,846 | 0.2% | 24 |
| VANGUARD TAX-MANAGED FDS | [VEA](https://holderbook.com/stocks/VEA/) | $1.8M | 24,652 | 0.2% | 31 |
| SPDR SERIES TRUST | [XBI](https://holderbook.com/stocks/XBI/) | $1.8M | 11,071 | 0.2% | 16 |
| NRG ENERGY INC | [NRG](https://holderbook.com/stocks/NRG/) | $1.8M | 11,983 | 0.2% | 18 |
| ORACLE CORP | [ORCL](https://holderbook.com/stocks/ORCL/) | $1.7M | 11,821 | 0.2% | 21 |
| TENNANT CO | [TNC](https://holderbook.com/stocks/TNC/) | $1.7M | 19,779 | 0.2% | 2 |
| JPMORGAN CHASE & CO | [JPM](https://holderbook.com/stocks/JPM/) | $1.7M | 5,227 | 0.2% | 31 |
| VAIL RESORTS INC | [MTN](https://holderbook.com/stocks/MTN/) | $1.7M | 12,174 | 0.2% | 5 |
| AXOS FINANCIAL INC | [AX](https://holderbook.com/stocks/AX/) | $1.7M | 17,011 | 0.2% | 8 |
| ISHARES TR | [MBB](https://holderbook.com/stocks/MBB/) | $1.7M | 17,518 | 0.2% | 25 |
| BANK OF AMER CORP | [BAC](https://holderbook.com/stocks/BAC/) | $1.6M | 28,666 | 0.2% | 16 |
| UNUM GROUP | [UNM](https://holderbook.com/stocks/UNM/) | $1.6M | 18,176 | 0.2% | 14 |
| VANGUARD INDEX FDS | [VO](https://holderbook.com/stocks/VO/) | $1.6M | 20,059 | 0.2% | 26 |
| ELEMENT SOLUTIONS INC | [ESI](https://holderbook.com/stocks/ESI/) | $1.6M | 33,577 | 0.2% | 30 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $1.6M | 5,978 | 0.2% | 3 |
| UNION PAC CORP | [UNP](https://holderbook.com/stocks/UNP/) | $1.6M | 5,757 | 0.2% | 31 |
| ENCOMPASS HEALTH CORP | [EHC](https://holderbook.com/stocks/EHC/) | $1.5M | 15,247 | 0.2% | 14 |
| BERKSHIRE HATHAWAY INC DEL | [BRKB](https://holderbook.com/stocks/BRKB/) | $1.5M | 3,058 | 0.2% | 31 |
| ALLISON TRANSMISSION HLDGS I | [ALSN](https://holderbook.com/stocks/ALSN/) | $1.5M | 13,326 | 0.1% | 14 |
| SPIRE INC | [SR](https://holderbook.com/stocks/SR/) | $1.5M | 19,063 | 0.1% | 17 |
| REGAL REXNORD CORPORATION | [RRX](https://holderbook.com/stocks/RRX/) | $1.5M | 6,117 | 0.1% | 19 |

## 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 2026 | +17.8% | +14.8% | +3.0% | 100% |
| Q1 2026 | -0.3% | -4.6% | +4.4% | 100% |
| Q4 2025 | +1.8% | +2.4% | -0.6% | 100% |
| Q3 2025 | +12.9% | +7.8% | +5.1% | 100% |
| Q2 2025 | +9.4% | +10.5% | -1.0% | 100% |
| Q1 2025 | -5.1% | -4.6% | -0.5% | 100% |
| Q4 2024 | +1.1% | +2.1% | -1.1% | 100% |
| Q3 2024 | +7.5% | +5.4% | +2.1% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q2 2026 | $1.0B | 136 |
| Q1 2026 | $813.5M | 137 |
| Q4 2025 | $795.7M | 143 |
| Q3 2025 | $761.4M | 149 |
| Q2 2025 | $650.9M | 142 |
| Q1 2025 | $567.3M | 148 |
| Q4 2024 | $601.7M | 152 |
| Q3 2024 | $562.9M | 156 |
| Q2 2024 | $531.6M | 160 |
| Q1 2024 | $502.9M | 157 |
| Q4 2023 | $648.3M | 331 |
| Q3 2023 | $720.2M | 424 |