ADVISORY RESEARCH INC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| MYERS INDS INC | MYE | $65.6M | 1,857,873 | +2.57pp | 5q | +21.8%+$11.7M | |
| OPENLANE INC | OPLN | $63.2M | 1,533,557 | +1.72pp | 7q | +19.7%+$10.4M | |
| TRIMAS CORP | TRS | $54.6M | 1,211,587 | +0.50pp | 11q | +8.2%+$4.1M | |
| TAIWAN SEMICONDUCTOR MANUFAC | TSM | $40.3M | 84,453 | +0.63pp | 13q | +3.3%+$1.3M | |
| BEL FUSE INC | BELFB | $39.3M | 117,896 | +1.01pp | 13q | -1.2%-$488.9K | |
| PURSUIT ATTRACTIONS AND HOSP | PRSU | $36.8M | 657,648 | +0.68pp | 13q | -1.1%-$424.3K | |
| ALPHABET INC | GOOGL | $33.9M | 94,824 | +0.08pp | 31q | +1.7%+$558.6K | |
| KEURIG DR PEPPER INC | KDP | $28.4M | 867,771 | +0.12pp | 10q | +3.4%+$932.0K | |
| JBT MAREL CORPORATION | JBTM | $27.5M | 189,869 | +0.53pp | 12q | +34.9%+$7.1M | |
| DAILY JOURNAL CORP | DJCO | $25.0M | 41,510 | +0.01pp | 6q | -0.9%-$218.2K | |
| BROADCOM INC | AVGO | $24.7M | 65,495 | +0.05pp | 31q | +2.8%+$683.0K | |
| LEGACY HOUSING CORP | LEGH | $24.2M | 920,286 | +0.09pp | 10q | -0.5%-$132.2K | |
| MGIC INVT CORP WIS | MTG | $23.0M | 816,952 | -0.26pp | 18q | +2.8%+$638.1K | |
| PHILIP MORRIS INTL INC | PM | $22.1M | 122,120 | -0.23pp | 9q | +2.1%+$464.9K | |
| NATIONAL PRESTO INDS INC | NPK | $20.2M | 161,764 | -0.47pp | 2q | +9.6%+$1.8M | |
| AMERICAN ELEC PWR CO INC | AEP | $20.1M | 146,846 | -0.27pp | 9q | +4.1%+$788.2K | |
| ABBVIE INC | ABBV | $19.1M | 76,085 | -0.04pp | 25q | +4.1%+$758.2K | |
| TAPESTRY INC | TPR | $18.7M | 127,464 | -0.29pp | 10q | +2.6%+$481.3K | |
| ACV AUCTIONS INC | ACVA | $18.1M | 2,511,972 | +0.22pp | 3q | -17.1%-$3.7M | |
| MICROSOFT CORP | MSFT | $16.3M | 43,670 | -0.32pp | 31q | +2.2%+$348.0K | |
| LATAM AIRLINES GROUP SA | LTM | $16.0M | 274,022 | +0.99pp | 2q | +178.1%+$10.2M | |
| CME GROUP INC | CME | $14.8M | 67,088 | -0.87pp | 8q | +3.8%+$542.4K | |
| KB FINL GROUP INC | KB | $14.2M | 135,607 | -0.18pp | 23q | +3.8%+$524.2K | |
| LAMAR ADVERTISING CO | LAMR | $12.9M | 82,766 | +0.11pp | 23q | +9.4%+$1.1M | |
| HUBBELL INC | HUBB | $12.8M | 24,441 | -0.16pp | 27q | +2.8%+$346.4K | |
| GSK PLC | GSK | $11.3M | 215,664 | -0.26pp | 14q | +5.6%+$596.6K | |
| MARATHON PETE CORP | MPC | $10.3M | 40,268 | -0.14pp | 2q | +3.3%+$327.5K | |
| META PLATFORMS INC | META | $10.2M | 18,191 | -0.21pp | 8q | +3.6%+$354.9K | |
| MATADOR RES CO | MTDR | $9.3M | 187,674 | -0.97pp | 23q | -23.5%-$2.9M | |
| COMCAST CORP NEW | CMCSA | $9.2M | 376,554 | -0.36pp | 2q | +3.6%+$322.2K | |
| BRITISH AMERN TOB PLC | BTI | $8.6M | 139,453 | -0.08pp | 4q | +7.1%+$569.6K | |
| LAM RESEARCH CORP | LRCX | $8.6M | 19,824 | +0.33pp | 7q | -0.6%-$55.0K | |
| APA CORPORATION | APA | $8.5M | 261,415 | -1.10pp | 2q | -30.0%-$3.6M | |
| FERGUSON ENTERPRISES INC | FERG | $7.9M | 33,184 | -0.13pp | 8q | +4.1%+$312.8K | |
| ISHARES TR | SGOV | $7.7M | 76,730 | +0.03pp | 7q | +27.6%+$1.7M | |
| INTUIT | INTU | $7.4M | 28,443 | -0.71pp | 2q | +4.4%+$312.2K | |
| VANGUARD BD INDEX FDS | VUSB | $6.0M | 120,152 | +0.10pp | 13q | +46.7%+$1.9M | |
| PERFORMANCE FOOD GROUP CO | PFGC | $5.9M | 52,549 | +0.02pp | 20q | -2.2%-$134.5K | |
| NICOLET BANKSHARES INC | NIC | $5.9M | 35,434 | -0.08pp | 20q | -2.0%-$120.6K | |
| M-TRON INDS INC | MPTI | $5.9M | 59,011 | +0.17pp | 3q | +16.8%+$839.6K | |
| DANAOS CORPORATION | DAC | $5.8M | 47,412 | -0.08pp | 20q | HELD | |
| VANGUARD SCOTTSDALE FDS | VCSH | $5.0M | 63,544 | +0.05pp | 31q | +36.8%+$1.4M | |
| STEEL DYNAMICS INC | STLD | $4.8M | 20,934 | +0.01pp | 21q | HELD | |
| SOUTHSTATE BK CORP | SSB | $4.6M | 46,447 | -0.07pp | 4q | -1.4%-$64.0K | |
| VANGUARD SCOTTSDALE FDS | VGSH | $4.6M | 78,263 | -0.05pp | 16q | +12.4%+$500.9K | |
| 59739R104 | MFP | $4.4M | 110,714 | - | new | NEW | |
| VANGUARD SCOTTSDALE FDS | VCIT | $4.2M | 51,166 | -0.10pp | 31q | HELD | |
| ARCOSA INC | ACA | $4.2M | 28,846 | +0.01pp | 6q | -8.1%-$367.3K | |
| ISHARES TR | SHV | $4.1M | 37,117 | -0.10pp | 16q | HELD | |
| ACM RESH INC | ACMR | $3.6M | 28,732 | +0.23pp | 4q | +1.5%+$54.9K | |
| CAL MAINE FOODS INC | CALM | $3.6M | 44,612 | -0.08pp | 3q | -1.7%-$62.1K | |
| VALVOLINE INC | VVV | $3.6M | 90,637 | -0.03pp | 27q | -3.1%-$115.5K | |
| INVESCO EXCHANGE TRADED FD T | RSP | $3.5M | 16,408 | -0.04pp | 31q | HELD | |
| ISHARES TR | IGSB | $3.3M | 63,572 | +0.05pp | 25q | +43.1%+$1.0M | |
| AMGEN INC | AMGN | $3.2M | 8,800 | -0.06pp | 4q | HELD | |
| NETAPP INC | NTAP | $3.2M | 20,588 | +0.06pp | 23q | -0.7%-$23.1K | |
| HEALTHEQUITY INC | HQY | $3.2M | 35,026 | -0.06pp | 15q | -4.8%-$161.0K | |
| HOME DEPOT INC | HD | $3.2M | 8,950 | -0.05pp | 31q | -1.4%-$43.7K | |
| APPLE INC | AAPL | $3.1M | 10,795 | -0.03pp | 29q | -0.9%-$28.9K | |
| ISHARES TR | IGIB | $3.1M | 57,761 | -0.07pp | 25q | HELD | |
| EMCOR GROUP INC | EME | $3.0M | 3,603 | -0.03pp | 9q | -0.6%-$17.4K | |
| MOLSON COORS BEVERAGE CO | TAP | $2.9M | 75,007 | -0.11pp | 4q | HELD | |
| JEFFERIES FINANCIAL GROUP IN | JEF | $2.9M | 58,168 | -0.01pp | 5q | -3.1%-$93.5K | |
| BOWHEAD SPECIALTY HLDGS INC | BOW | $2.9M | 96,768 | +0.20pp | 2q | +187.0%+$1.9M | |
| FIRST MERCHANTS CORP | FRME | $2.9M | 65,315 | -0.04pp | 23q | -3.4%-$101.3K | |
| EAGLE MATLS INC | EXP | $2.8M | 12,588 | -0.02pp | 11q | -3.3%-$95.2K | |
| ALKAMI TECHNOLOGY INC | ALKT | $2.8M | 155,711 | -0.03pp | 5q | -3.2%-$92.0K | |
| VANGUARD SPECIALIZED FUNDS | VIG | $2.8M | 11,658 | -0.03pp | 26q | HELD | |
| LOCKHEED MARTIN CORP | LMT | $2.7M | 5,343 | -0.13pp | 18q | -0.9%-$25.0K | |
| VANGUARD INDEX FDS | VOO | $2.7M | 3,942 | -0.02pp | 26q | HELD | |
| TEREX CORP NEW | TEX | $2.5M | 33,912 | -0.01pp | 2q | -3.2%-$80.4K | |
| WESTERN ALLIANCE BANCORP | WAL | $2.1M | 26,098 | -0.01pp | 13q | HELD | |
| ADVANCE AUTO PARTS INC | AAP | $2.1M | 34,110 | -0.01pp | 2q | HELD | |
| CDW CORP | CDW | $2.1M | 14,771 | +0.03pp | 31q | +26.0%+$428.2K | |
| NVENT ELEC PLC | NVT | $2.1M | 12,168 | +0.03pp | 14q | HELD | |
| ASBURY AUTOMOTIVE GROUP INC | ABG | $2.0M | 10,149 | -0.07pp | 22q | -11.7%-$270.7K | |
| SUPER GROUP SGHC LIMITED | SGHC | $1.9M | 142,348 | flat | 4q | +0.8%+$14.7K | |
| FLYWIRE CORPORATION | FLYW | $1.8M | 104,995 | +0.03pp | 4q | -3.2%-$61.8K | |
| ACCENTURE PLC IRELAND | ACN | $1.8M | 14,255 | -0.13pp | 21q | +14.4%+$223.6K | |
| ARES MANAGEMENT CORPORATION | ARES | $1.8M | 15,846 | -0.04pp | 24q | HELD | |
| VANGUARD TAX-MANAGED FDS | VEA | $1.8M | 24,652 | -0.02pp | 31q | +1.4%+$23.9K | |
| SPDR SERIES TRUST | XBI | $1.8M | 11,071 | flat | 16q | +0.8%+$14.2K | |
| NRG ENERGY INC | NRG | $1.8M | 11,983 | -0.04pp | 18q | +0.7%+$12.3K | |
| ORACLE CORP | ORCL | $1.7M | 11,821 | -0.04pp | 21q | -1.3%-$22.0K | |
| TENNANT CO | TNC | $1.7M | 19,779 | +0.01pp | 2q | -3.1%-$55.2K | |
| JPMORGAN CHASE & CO | JPM | $1.7M | 5,227 | -0.02pp | 31q | HELD | |
| VAIL RESORTS INC | MTN | $1.7M | 12,174 | -0.03pp | 5q | -3.0%-$50.5K | |
| AXOS FINANCIAL INC | AX | $1.7M | 17,011 | -0.01pp | 8q | +0.6%+$9.2K | |
| ISHARES TR | MBB | $1.7M | 17,518 | -0.04pp | 25q | HELD | |
| BANK OF AMER CORP | BAC | $1.6M | 28,666 | -0.01pp | 16q | +0.6%+$10.2K | |
| UNUM GROUP | UNM | $1.6M | 18,176 | flat | 14q | +0.5%+$8.3K | |
| VANGUARD INDEX FDS | VO | $1.6M | 20,059 | -0.01pp | 26q | +303.9%+$1.2M | |
| ELEMENT SOLUTIONS INC | ESI | $1.6M | 33,577 | -0.01pp | 30q | -19.3%-$383.9K | |
| TD SYNNEX CORPORATION | SNX | $1.6M | 5,978 | +0.03pp | 3q | HELD | |
| UNION PAC CORP | UNP | $1.6M | 5,757 | -0.02pp | 31q | HELD | |
| ENCOMPASS HEALTH CORP | EHC | $1.5M | 15,247 | -0.03pp | 14q | +0.8%+$12.0K | |
| BERKSHIRE HATHAWAY INC DEL | BRKB | $1.5M | 3,058 | -0.03pp | 31q | +0.9%+$13.5K | |
| ALLISON TRANSMISSION HLDGS I | ALSN | $1.5M | 13,326 | -0.04pp | 14q | +0.7%+$10.0K | |
| SPIRE INC | SR | $1.5M | 19,063 | -0.06pp | 17q | +0.6%+$8.7K | |
| REGAL REXNORD CORPORATION | RRX | $1.5M | 6,117 | flat | 19q | HELD | |
| STOCK YDS BANCORP INC | SYBT | $1.4M | 18,582 | -0.02pp | 8q | -4.6%-$68.4K | |
| TJX COS INC NEW | TJX | $1.4M | 9,301 | -0.04pp | 31q | +0.9%+$12.6K | |
| AMERICAN EXPRESS CO | AXP | $1.3M | 3,987 | -0.01pp | 31q | HELD | |
| INVESCO LTD | IVZ | $1.3M | 50,775 | -0.02pp | 3q | +1.0%+$13.0K | |
| ABBOTT LABORATORIES | ABT | $1.3M | 14,573 | -0.01pp | 24q | +31.7%+$318.5K | |
| AUTOZONE INC | AZO | $1.2M | 368 | -0.03pp | 25q | +1.4%+$16.0K | |
| RALLIANT CORP | RAL | $1.2M | 15,969 | +0.04pp | 3q | +0.9%+$10.5K | |
| CHESAPEAKE UTILS CORP | CPK | $1.1M | 9,350 | -0.03pp | 25q | +1.6%+$17.6K | |
| JACKSON FINANCIAL INC | JXN | $993.2K | 9,700 | -0.03pp | 2q | +1.0%+$9.4K | |
| COMMERCIAL METALS CO | CMC | $987.9K | 15,744 | -0.02pp | 2q | +1.1%+$10.5K | |
| MCDONALDS CORP | MCD | $975.3K | 3,608 | -0.04pp | 24q | HELD | |
| CHEVRON CORPORATION | CVX | $921.0K | 5,556 | -0.05pp | 31q | HELD | |
| SUPERNUS PHARMACEUTICALS | SUPN | $920.1K | 19,782 | -0.03pp | 18q | +1.0%+$8.7K | |
| WEBSTER FINL CORP | WBS | $915.1K | 11,974 | -0.17pp | 18q | -61.3%-$1.5M | |
| UNITEDHEALTH GROUP INC | UNH | $882.8K | 2,124 | +0.02pp | 31q | HELD | |
| BOYD GAMING CORP | BYD | $823.7K | 9,325 | -0.01pp | 20q | HELD | |
| HOLLEY INC | HLLY | $805.3K | 315,821 | -0.04pp | 4q | -3.3%-$27.4K | |
| CONOCOPHILLIPS | COP | $795.1K | 7,648 | -0.04pp | 14q | +1.4%+$10.9K | |
| ACI WORLDWIDE INC | ACIW | $791.7K | 15,742 | flat | 4q | HELD | |
| VANGUARD BD INDEX FDS | BND | $782.2K | 10,655 | -0.02pp | 2q | HELD | |
| MONTE ROSA THERAPEUTICS INC | GLUE | $759.8K | 31,396 | +0.01pp | 3q | +0.5%+$3.9K | |
| PATRICK INDS INC | PATK | $735.7K | 8,195 | -0.04pp | 15q | +0.9%+$6.8K | |
| FULLER H B CO | FUL | $685.5K | 11,760 | -0.02pp | 9q | +0.8%+$5.7K | |
| TOAST INC | TOST | $610.7K | 21,952 | -0.01pp | 3q | +0.7%+$4.3K | |
| GENPACT LIMITED | G | $594.8K | 21,629 | -0.04pp | 4q | +0.7%+$4.1K | |
| PROGRESS SOFTWARE CORP | PRGS | $570.2K | 16,981 | flat | 14q | +2.3%+$12.9K | |
| GENIUS SPORTS LIMITED | GENI | $555.9K | 91,730 | +0.01pp | 15q | +1.5%+$8.0K | |
| BLACKSTONE INC | BX | $549.2K | 4,667 | -0.01pp | 28q | HELD | |
| AMPHASTAR PHARMACEUTICALS IN | AMPH | $511.3K | 25,337 | -0.01pp | 14q | HELD | |
| STATE STR SPDR S&P 500 ETF T | SPY | $441.3K | 591 | flat | 5q | -2.5%-$11.2K | |
| ISHARES TR | ACWI | $351.2K | 2,237 | - | new | NEW | |
| SPDR SERIES TRUST | SDY | $329.3K | 2,164 | -0.01pp | 3q | HELD | |
| CUE BIOPHARMA INC | CUE | $270.6K | 8,573 | - | new | NEW | |
| PROSHARES TR | NOBL | $250.6K | 4,462 | flat | 11q | +100.0%+$125.3K | |
| ATOMERA INC | ATOM | $174.2K | 20,000 | +0.01pp | 22q | HELD | |
| HEARTBEAM INC | BEAT | $37.5K | 50,000 | flat | 13q | HELD |
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 |
|---|---|---|
| Industrials | $126.4M | 12.6% |
| Semiconductors & Electronics | $123.1M | 12.3% |
| Retail & Consumer | $94.9M | 9.5% |
| Telecom & Media | $75.2M | 7.5% |
| Software & IT Services | $74.4M | 7.4% |
| Chemicals | $67.9M | 6.8% |
| Food, Drink & Tobacco | $62.0M | 6.2% |
| Banks & Lending | $38.4M | 3.8% |
| Biotech & Pharma | $37.4M | 3.7% |
| Energy | $36.1M | 3.6% |
| Insurance | $31.0M | 3.1% |
| Construction & Building | $30.0M | 3.0% |
| Other sectors | $125.6M | 12.5% |
| Not classified | $80.0M | 8.0% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $1.0B | 136 | 3 | 67 | 35 | 4 | 41.4% | 44 |
| Q1 2026 | $813.5M | 137 | 13 | 58 | 53 | 19 | 33.9% | 44 |
| Q4 2025 | $795.7M | 143 | 13 | 62 | 52 | 19 | 37.7% | 44 |
| Q3 2025 | $761.4M | 149 | 13 | 70 | 41 | 6 | 35.8% | 44 |
| Q2 2025 | $650.9M | 142 | 7 | 79 | 42 | 13 | 35.2% | 44 |
| Q1 2025 | $567.3M | 148 | 4 | 34 | 63 | 8 | 33.7% | 44 |
| Q4 2024 | $601.7M | 152 | 10 | 52 | 45 | 14 | 32.3% | 44 |
| Q3 2024 | $562.9M | 156 | 8 | 37 | 93 | 12 | 28.6% | 45 |
| Q2 2024 | $531.6M | 160 | 11 | 87 | 40 | 8 | 29.3% | 44 |
| Q1 2024 | $502.9M | 157 | 13 | 46 | 62 | 187 | 29.6% | 44 |
| Q4 2023 | $648.3M | 331 | 67 | 60 | 184 | 160 | 21.3% | 44 |
| Q3 2023 | $720.2M | 424 | 74 | 117 | 196 | 86 | 17.2% | 44 |
| Q2 2023 | $779.8M | 436 | 169 | 168 | 78 | 81 | 16.8% | 45 |
| Q1 2023 | $608.5M | 348 | 66 | 94 | 142 | 82 | 19.3% | 42 |
| Q4 2022 | $1.1B | 364 | 78 | 68 | 156 | 67 | 38.8% | 44 |
| Q3 2022 | $1.0B | 353 | 78 | 102 | 134 | 95 | 36.6% | 46 |
| Q2 2022 | $1.0B | 370 | 61 | 81 | 117 | 91 | 37.3% | 48 |
| Q1 2022 | $1.2B | 400 | 112 | 95 | 110 | 63 | 36.2% | 46 |
| Q4 2021 | $1.3B | 351 | 76 | 98 | 149 | 80 | 34.3% | 42 |
| Q3 2021 | $1.6B | 355 | 82 | 72 | 133 | 80 | 27.7% | 43 |
| Q2 2021 | $1.5B | 353 | 93 | 76 | 120 | 78 | 25.6% | 47 |
| Q1 2021 | $1.4B | 338 | 86 | 75 | 167 | 62 | 21.0% | 42 |
| Q4 2020 | $1.4B | 314 | 72 | 88 | 142 | 60 | 21.2% | 43 |
| Q3 2020 | $1.0B | 302 | 51 | 67 | 157 | 55 | 19.3% | 43 |
| Q2 2020 | $1.1B | 306 | 84 | 62 | 132 | 56 | 21.3% | 44 |
| Q1 2020 | $1.4B | 278 | 64 | 73 | 127 | 89 | 26.1% | 42 |
| Q4 2019 | $2.2B | 303 | 57 | 83 | 130 | 66 | 23.5% | 42 |
| Q3 2019 | $2.1B | 312 | 36 | 52 | 170 | 86 | 22.7% | 43 |
| Q2 2019 | $5.1B | 362 | 58 | 73 | 167 | 36 | 32.6% | 45 |
| Q1 2019 | $5.2B | 340 | 52 | 123 | 112 | 74 | 35.0% | 45 |
| Q4 2018 | $4.7B | 362 | 0 | 0 | 0 | 0 | 31.9% | 44 |
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.