13F HOLDINGS REPORT
ADVISORY RESEARCH INC
Quarter ended Q1 2025 · Filed May 14, 2025 · Accession 0001085146-25-003120
Total Value
$567.3M
Positions
184
Other Managers
1
Confidential Omitted
No
Holdings (184)
| # | Issuer | Ticker / CUSIP | Shares | Value | % of Filing |
|---|---|---|---|---|---|
| 1 | BEL FUSE INC | BELFB | 358,944 | $26.9M | 4.74% |
| 2 | JBT MAREL CORPORATION | JBTM | 186,341 | $22.8M | 4.01% |
| 3 | TRIMAS CORP | TRS | 947,822 | $22.2M | 3.91% |
| 4 | PHILIP MORRIS INTL INC | 718172109 | 130,533 | $20.7M | 3.65% |
| 5 | PHINIA INC | PHIN | 421,265 | $17.9M | 3.15% |
| 6 | PURSUIT ATTRACTIONS AND HOSP | 92552R406 | 457,316 | $16.2M | 2.85% |
| 7 | LEGACY HOUSING CORP | LEGH | 605,791 | $15.3M | 2.69% |
| 8 | OPENLANE INC | OPLN | 772,489 | $14.9M | 2.63% |
| 9 | TAIWAN SEMICONDUCTOR MFG LTD | 874039100 | 83,870 | $13.9M | 2.45% |
| 10 | MGIC INVT CORP WIS | 552848103 | 527,071 | $13.1M | 2.30% |
| 11 | DAILY JOURNAL CORP | DJCO | 32,780 | $13.0M | 2.30% |
| 12 | BROADCOM INC | AVGO | 72,902 | $12.2M | 2.15% |
| 13 | ISHARES TR | 464288257 | 100,374 | $11.7M | 2.06% |
| 14 | UNITEDHEALTH GROUP INC | UNH | 21,037 | $11.0M | 1.94% |
| 15 | PERFORMANCE FOOD GROUP CO | PFGC | 140,076 | $11.0M | 1.94% |
| 16 | ABBVIE INC | ABBV | 51,465 | $10.8M | 1.90% |
| 17 | AMERICAN ELEC PWR CO INC | 025537101 | 98,209 | $10.7M | 1.89% |
| 18 | TAPESTRY INC | TPR | 151,445 | $10.7M | 1.88% |
| 19 | MICROSOFT CORP | MSFT | 27,597 | $10.4M | 1.83% |
| 20 | CME GROUP INC | CME | 38,831 | $10.3M | 1.82% |
| 21 | KEURIG DR PEPPER INC | KDP | 282,179 | $9.7M | 1.70% |
| 22 | SOUTHSTATE CORPORATION | SSB | 95,427 | $8.9M | 1.56% |
| 23 | GSK PLC | GLAXF | 227,249 | $8.8M | 1.55% |
| 24 | VERIZON COMMUNICATIONS INC | VZ | 186,635 | $8.5M | 1.49% |
| 25 | ISHARES TR | 46436E718 | 73,559 | $7.4M | 1.31% |
| 26 | EMERALD HOLDING INC | EEX | 1,648,504 | $6.5M | 1.14% |
| 27 | ALPHABET INC | GOOG | 41,254 | $6.4M | 1.12% |
| 28 | APPLE INC | AAPL | 28,065 | $6.2M | 1.10% |
| 29 | HUBBELL INC | HUBB | 16,717 | $5.5M | 0.98% |
| 30 | CANNAE HLDGS INC | CNNE | 300,000 | $5.5M | 0.97% |
| 31 | KB FINL GROUP INC | 48241A105 | 92,698 | $5.0M | 0.88% |
| 32 | UNILEVER PLC | UNLYF | 82,264 | $4.9M | 0.86% |
| 33 | WESTERN ALLIANCE BANCORP | WAL-PA | 63,509 | $4.9M | 0.86% |
| 34 | LAMAR ADVERTISING CO NEW | LAMR | 42,393 | $4.8M | 0.85% |
| 35 | ISHARES TR | 464288679 | 42,103 | $4.7M | 0.82% |
| 36 | FLUTTER ENTMT PLC | G3643J108 | 19,338 | $4.3M | 0.76% |
| 37 | FERGUSON ENTERPRISES INC | FERG | 26,595 | $4.3M | 0.75% |
| 38 | META PLATFORMS INC | META | 7,156 | $4.1M | 0.73% |
| 39 | VANGUARD SCOTTSDALE FDS | 92206C102 | 69,657 | $4.1M | 0.72% |
| 40 | NICOLET BANKSHARES INC | NIC | 35,227 | $3.8M | 0.68% |
| 41 | VANGUARD SCOTTSDALE FDS | 92206C870 | 43,678 | $3.6M | 0.63% |
| 42 | VANGUARD INDEX FDS | 922908363 | 5,975 | $3.1M | 0.54% |
| 43 | HONDA MOTOR LTD | HNDAF | 113,122 | $3.1M | 0.54% |
| 44 | ISHARES TR | 464288638 | 57,761 | $3.0M | 0.53% |
| 45 | HOME DEPOT INC | HD | 7,572 | $2.8M | 0.49% |
| 46 | ASBURY AUTOMOTIVE GROUP INC | ABG | 11,585 | $2.6M | 0.45% |
| 47 | VANGUARD SPECIALIZED FUNDS | 921908844 | 12,868 | $2.5M | 0.44% |
| 48 | MILLER INDS INC TENN | 600551204 | 54,879 | $2.3M | 0.41% |
| 49 | FIRST MERCHANTS CORP | FRMEP | 57,253 | $2.3M | 0.41% |
| 50 | AUTOZONE INC | AZO | 598 | $2.3M | 0.40% |
| 51 | VALVOLINE INC | VVV | 58,099 | $2.0M | 0.36% |
| 52 | VANGUARD SCOTTSDALE FDS | 92206C409 | 25,342 | $2.0M | 0.35% |
| 53 | ARCOSA INC | ACA | 25,755 | $2.0M | 0.35% |
| 54 | HEALTHEQUITY INC | HQY | 21,623 | $1.9M | 0.34% |
| 55 | DANAOS CORPORATION | DAC | 24,474 | $1.9M | 0.34% |
| 56 | PITNEY BOWES INC | PBI-PB | 209,141 | $1.9M | 0.33% |
| 57 | NCINO INC | NCNO | 68,846 | $1.9M | 0.33% |
| 58 | WEBSTER FINL CORP | 947890109 | 36,506 | $1.9M | 0.33% |
| 59 | STEEL DYNAMICS INC | STLD | 14,696 | $1.8M | 0.32% |
| 60 | INVESCO EXCHANGE TRADED FD T | IVZ | 10,392 | $1.8M | 0.32% |
| 61 | EAGLE MATLS INC | 26969P108 | 8,099 | $1.8M | 0.32% |
| 62 | DISTRIBUTION SOLUTIONS GRP I | 520776105 | 62,711 | $1.8M | 0.31% |
| 63 | BERKSHIRE HATHAWAY INC DEL | BRK-A | 3,254 | $1.7M | 0.31% |
| 64 | ARES MANAGEMENT CORPORATION | ARES-PB | 11,751 | $1.7M | 0.30% |
| 65 | JPMORGAN CHASE & CO. | VYLD | 7,006 | $1.7M | 0.30% |
| 66 | CDW CORP | CDW | 10,520 | $1.7M | 0.30% |
| 67 | ISHARES TR | 464288588 | 17,518 | $1.6M | 0.29% |
| 68 | ACCENTURE PLC IRELAND | ACN | 5,242 | $1.6M | 0.29% |
| 69 | ONESPAWORLD HOLDINGS LIMITED | OSW | 96,265 | $1.6M | 0.28% |
| 70 | CHEVRON CORP NEW | CVX | 9,436 | $1.6M | 0.28% |
| 71 | UNION PAC CORP | UNP | 6,330 | $1.5M | 0.26% |
| 72 | CHESAPEAKE UTILS CORP | 165303108 | 11,583 | $1.5M | 0.26% |
| 73 | BANK AMERICA CORP | 060505104 | 35,361 | $1.5M | 0.26% |
| 74 | ENCOMPASS HEALTH CORP | EHC | 14,489 | $1.5M | 0.26% |
| 75 | AMERICAN EXPRESS CO | AXP | 5,389 | $1.4M | 0.26% |
| 76 | MONARCH CASINO & RESORT INC | MCRI | 18,322 | $1.4M | 0.25% |
| 77 | TJX COS INC NEW | 872540109 | 11,627 | $1.4M | 0.25% |
| 78 | MCDONALDS CORP | MCD | 4,457 | $1.4M | 0.25% |
| 79 | CONOCOPHILLIPS | COP | 13,236 | $1.4M | 0.25% |
| 80 | BEL FUSE INC | BELFB | 19,242 | $1.4M | 0.24% |
| 81 | CASS INFORMATION SYS INC | CASS | 31,834 | $1.4M | 0.24% |
| 82 | LAM RESEARCH CORP | LRCX | 18,332 | $1.3M | 0.23% |
| 83 | TECHTARGET INC | TTGT | 89,136 | $1.3M | 0.23% |
| 84 | AXOS FINANCIAL INC | AX | 20,370 | $1.3M | 0.23% |
| 85 | AMERICAN EAGLE OUTFITTERS IN | AEO | 111,694 | $1.3M | 0.23% |
| 86 | ELEMENT SOLUTIONS INC | ESI | 55,772 | $1.3M | 0.22% |
| 87 | ABBOTT LABS | ABLZF | 9,374 | $1.2M | 0.22% |
| 88 | NETAPP INC | NTAP | 14,146 | $1.2M | 0.22% |
| 89 | VANGUARD INDEX FDS | 922908629 | 4,688 | $1.2M | 0.21% |
| 90 | BEL FUSE INC | BELFB | 16,145 | $1.2M | 0.21% |
| 91 | UNUM GROUP | UNMA | 14,661 | $1.2M | 0.21% |
| 92 | JBT MAREL CORPORATION | JBTM | 9,740 | $1.2M | 0.21% |
| 93 | VANGUARD TAX-MANAGED FDS | 921943858 | 23,344 | $1.2M | 0.21% |
| 94 | LOCKHEED MARTIN CORP | LMT | 2,651 | $1.2M | 0.21% |
| 95 | GATES INDL CORP PLC | G39108108 | 61,937 | $1.1M | 0.20% |
| 96 | ORACLE CORP | ORCL-PD | 8,077 | $1.1M | 0.20% |
| 97 | BELLRING BRANDS INC | BRBR | 15,155 | $1.1M | 0.20% |
| 98 | ALAMO GROUP INC | ALG | 6,011 | $1.1M | 0.19% |
| 99 | STOCK YDS BANCORP INC | 861025104 | 15,353 | $1.1M | 0.19% |
| 100 | VANGUARD BD INDEX FDS | 92203C303 | 21,243 | $1.1M | 0.19% |
| 101 | TRIMAS CORP | TRS | 44,956 | $1.1M | 0.19% |
| 102 | ALLISON TRANSMISSION HLDGS I | ALSN | 10,807 | $1.0M | 0.18% |
| 103 | CHAMPION HOMES INC | SKY | 10,869 | $1.0M | 0.18% |
| 104 | EXXON MOBIL CORP | XOM | 8,363 | $994,612 | 0.18% |
| 105 | FLOOR & DECOR HLDGS INC | FND | 12,352 | $993,965 | 0.18% |
| 106 | HOWARD HUGHES HOLDINGS INC | HHH | 13,389 | $991,857 | 0.17% |
| 107 | BRUNSWICK CORP | BC-PC | 18,221 | $981,201 | 0.17% |
| 108 | APTARGROUP INC | ATR | 6,599 | $979,160 | 0.17% |
| 109 | PHINIA INC | PHIN | 23,025 | $976,951 | 0.17% |
| 110 | NICOLET BANKSHARES INC | NIC | 8,887 | $968,328 | 0.17% |
| 111 | UFP INDUSTRIES INC | UFPI | 8,725 | $933,924 | 0.16% |
| 112 | ISHARES TR | 464288646 | 17,830 | $933,757 | 0.16% |
| 113 | OUTFRONT MEDIA INC | OUT | 57,800 | $932,892 | 0.16% |
| 114 | ISHARES TR | 464287457 | 11,171 | $924,177 | 0.16% |
| 115 | REGAL REXNORD CORPORATION | RRX | 7,918 | $901,464 | 0.16% |
| 116 | EMCOR GROUP INC | EME | 2,438 | $901,211 | 0.16% |
| 117 | NRG ENERGY INC | NRG | 9,422 | $899,424 | 0.16% |
| 118 | FIRST MERCHANTS CORP | FRMEP | 22,055 | $891,904 | 0.16% |
| 119 | PERFORMANCE FOOD GROUP CO | PFGC | 11,322 | $890,249 | 0.16% |
| 120 | PURSUIT ATTRACTIONS AND HOSP | 92552R406 | 24,644 | $872,151 | 0.15% |
| 121 | WHITESTONE REIT | WSR | 57,052 | $831,248 | 0.15% |
| 122 | BLOCK H & R INC | BSQKZ | 15,116 | $830,020 | 0.15% |
| 123 | WEBSTER FINL CORP | 947890109 | 15,596 | $803,974 | 0.14% |
| 124 | DAILY JOURNAL CORP | DJCO | 1,990 | $791,423 | 0.14% |
| 125 | LEGACY HOUSING CORP | LEGH | 31,261 | $788,402 | 0.14% |
| 126 | SPDR SER TR | 78464A870 | 9,586 | $777,425 | 0.14% |
| 127 | OPENLANE INC | OPLN | 39,017 | $752,248 | 0.13% |
| 128 | GENIUS SPORTS LIMITED | GENI | 74,366 | $744,404 | 0.13% |
| 129 | VALVOLINE INC | VVV | 21,185 | $737,450 | 0.13% |
| 130 | ARCOSA INC | ACA | 9,440 | $728,013 | 0.13% |
| 131 | SOUTHSTATE CORPORATION | SSB | 7,788 | $722,882 | 0.13% |
| 132 | PITNEY BOWES INC | PBI-PB | 79,535 | $719,792 | 0.13% |
| 133 | PROGRESS SOFTWARE CORP | 743312100 | 13,661 | $703,678 | 0.12% |
| 134 | ARES CAPITAL CORP | ARCC | 31,526 | $698,616 | 0.12% |
| 135 | NCINO INC | NCNO | 25,227 | $692,986 | 0.12% |
| 136 | DISTRIBUTION SOLUTIONS GRP I | 520776105 | 24,305 | $680,540 | 0.12% |
| 137 | HEALTHEQUITY INC | HQY | 7,445 | $657,915 | 0.12% |
| 138 | EAGLE MATLS INC | 26969P108 | 2,940 | $652,474 | 0.12% |
| 139 | BLACKSTONE INC | BX | 4,667 | $652,353 | 0.11% |
| 140 | ONESPAWORLD HOLDINGS LIMITED | OSW | 36,957 | $620,508 | 0.11% |
| 141 | EMERALD HOLDING INC | EEX | 156,468 | $614,919 | 0.11% |
| 142 | IMPINJ INC | PI | 6,626 | $600,978 | 0.11% |
| 143 | ALTA EQUIPMENT GROUP INC | ALTG-PA | 124,389 | $583,384 | 0.10% |
| 144 | SUPERNUS PHARMACEUTICALS INC | SUPN | 17,222 | $564,021 | 0.10% |
| 145 | PATRICK INDS INC | 703343103 | 6,633 | $560,886 | 0.10% |
| 146 | RYERSON HLDG CORP | RYZ | 24,295 | $557,813 | 0.10% |
| 147 | FULLER H B CO | FUL | 9,544 | $535,609 | 0.09% |
| 148 | MONARCH CASINO & RESORT INC | MCRI | 6,840 | $531,810 | 0.09% |
| 149 | RELIANCE INC | RS | 1,823 | $526,312 | 0.09% |
| 150 | NVENT ELECTRIC PLC | NVT | 9,955 | $521,841 | 0.09% |
| 151 | SCIENCE APPLICATIONS INTL CO | 808625107 | 4,531 | $508,695 | 0.09% |
| 152 | STOCK YDS BANCORP INC | 861025104 | 7,330 | $506,210 | 0.09% |
| 153 | BOYD GAMING CORP | BYD | 7,651 | $503,665 | 0.09% |
| 154 | CANTALOUPE INC | CTLPP | 62,850 | $494,630 | 0.09% |
| 155 | MATADOR RES CO | MTDR | 9,499 | $485,304 | 0.09% |
| 156 | HILLENBRAND INC | 431571108 | 19,794 | $477,827 | 0.08% |
| 157 | ADDUS HOMECARE CORP | ADUS | 4,791 | $473,782 | 0.08% |
| 158 | NEXTERA ENERGY INC | NEE-PW | 6,485 | $459,722 | 0.08% |
| 159 | ORRSTOWN FINL SVCS INC | 687380105 | 14,692 | $440,907 | 0.08% |
| 160 | TECHTARGET INC | TTGT | 29,484 | $436,658 | 0.08% |
| 161 | ASBURY AUTOMOTIVE GROUP INC | ABG | 1,940 | $428,430 | 0.08% |
| 162 | OWENS CORNING NEW | OC | 2,918 | $416,749 | 0.07% |
| 163 | SPIRE INC | SRJN | 5,309 | $415,429 | 0.07% |
| 164 | CASS INFORMATION SYS INC | CASS | 9,555 | $413,254 | 0.07% |
| 165 | APTARGROUP INC | ATR | 2,715 | $402,852 | 0.07% |
| 166 | AMPHASTAR PHARMACEUTICALS IN | AMPH | 13,889 | $402,642 | 0.07% |
| 167 | ALAMO GROUP INC | ALG | 2,200 | $392,062 | 0.07% |
| 168 | MILLER INDS INC TENN | 600551204 | 8,915 | $377,729 | 0.07% |
| 169 | FLOOR & DECOR HLDGS INC | FND | 4,692 | $377,565 | 0.07% |
| 170 | HOWARD HUGHES HOLDINGS INC | HHH | 4,905 | $363,362 | 0.06% |
| 171 | CHAMPION HOMES INC | SKY | 3,832 | $363,120 | 0.06% |
| 172 | BRUNSWICK CORP | BC-PC | 6,455 | $347,602 | 0.06% |
| 173 | OUTFRONT MEDIA INC | OUT | 21,280 | $343,459 | 0.06% |
| 174 | BLACKSTONE SECD LENDING FD | BX | 9,922 | $321,076 | 0.06% |
| 175 | ALTA EQUIPMENT GROUP INC | ALTG-PA | 59,455 | $278,844 | 0.05% |
| 176 | MAIN STR CAP CORP | 56035L104 | 4,374 | $247,393 | 0.04% |
| 177 | SIXTH STREET SPECIALTY LENDI | TSLX | 10,730 | $240,137 | 0.04% |
| 178 | CUE BIOPHARMA INC | CUE | 257,225 | $234,332 | 0.04% |
| 179 | HERCULES CAPITAL INC | HCXY | 12,035 | $231,192 | 0.04% |
| 180 | PROSHARES TR | 74348A467 | 2,231 | $227,964 | 0.04% |
| 181 | FS KKR CAP CORP | FSK | 10,634 | $222,782 | 0.04% |
| 182 | FIDUS INVT CORP | 316500107 | 9,962 | $203,125 | 0.04% |
| 183 | HEARTBEAM INC | BEATW | 50,000 | $100,500 | 0.02% |
| 184 | ATOMERA INC | ATOM | 20,000 | $80,000 | 0.01% |