Fuller & Thaler Asset Management, INC.
Reported US equity positions for Q1 2026 — $29.7B across 497 positions.
| Holding | Reported value | Share of portfolio | Shares |
|---|---|---|---|
| G0250X149 Amcor PLC | $544.0M | 1.8% | 13,686,792 |
| DOC Healthpeak Properties, Inc. | $479.8M | 1.6% | 29,201,584 |
| PRIM Primoris Services Corporation | $424.4M | 1.4% | 2,966,901 |
| LITE Lumentum Holdings Inc. | $413.0M | 1.4% | 587,679 |
| ALSN Allison Transmission Holdings, Inc. | $397.4M | 1.3% | 3,394,635 |
| EXEL Exelixis, Inc. | $366.4M | 1.2% | 8,542,236 |
| FIX Comfort Systems USA, Inc. | $334.0M | 1.1% | 242,196 |
| ONB Old National Bancorp | $332.7M | 1.1% | 15,055,918 |
| SON Sonoco Products Company | $319.9M | 1.1% | 5,913,788 |
| G50871105 Jazz Pharmaceuticals PLC | $316.9M | 1.1% | 1,676,142 |
| BE Bloom Energy Corporation Class A | $311.5M | 1.0% | 2,299,320 |
| FNB F.N.B. Corporation | $298.7M | 1.0% | 17,867,600 |
| VRT Vertiv Holdings, LLC Class A | $298.1M | 1.0% | 1,189,618 |
| LKQ LKQ Corporation | $292.0M | 1.0% | 9,942,144 |
| DVN Devon Energy Corporation | $280.7M | 0.9% | 5,578,078 |
| PRMB Primo Brands Corporation | $265.9M | 0.9% | 14,123,269 |
| SAIC Science Applications International Corporation | $256.3M | 0.9% | 2,700,017 |
| CE Celanese Corporation | $244.6M | 0.8% | 3,718,801 |
| G8060N102 Sensata Technologies Hldg Pl | $241.7M | 0.8% | 6,862,391 |
| MTCH Match Group, Inc. | $237.9M | 0.8% | 7,746,577 |
| GH Guardant Health, Inc. | $235.6M | 0.8% | 2,550,314 |
| MOD Modine Manufacturing Company | $234.4M | 0.8% | 1,081,680 |
| CRUS Cirrus Logic, Inc. | $232.3M | 0.8% | 1,606,448 |
| G9618E107 White Mtns Ins Group LTD | $229.7M | 0.8% | 104,561 |
| BWA BorgWarner Inc. | $223.7M | 0.8% | 4,122,005 |
| DOCN DigitalOcean Holdings, Inc. | $219.8M | 0.7% | 2,562,044 |
| EHC Encompass Health Corporation | $215.7M | 0.7% | 2,229,979 |
| EME EMCOR Group, Inc. | $214.7M | 0.7% | 290,790 |
| AMG Affiliated Managers Group, Inc. | $210.4M | 0.7% | 760,213 |
| POR Portland General Electric Co | $207.6M | 0.7% | 3,934,845 |
| G48833118 Weatherford Intl PLC | $205.1M | 0.7% | 2,168,044 |
| AGCO AGCO Corporation | $202.3M | 0.7% | 1,746,334 |
| GPK Graphic Packaging Holding Company | $201.9M | 0.7% | 20,315,566 |
| GTX Garrett Motion Inc. | $198.0M | 0.7% | 10,897,535 |
| COLD Americold Realty Trust, Inc. | $195.4M | 0.7% | 17,051,517 |
| UGI UGI Corporation | $194.6M | 0.7% | 5,342,372 |
| OPCH Option Care Health, Inc. | $191.8M | 0.6% | 7,125,280 |
| RYN Rayonier Inc. REIT | $191.6M | 0.6% | 9,289,731 |
| CMC Commercial Metals Company | $182.8M | 0.6% | 2,975,302 |
| DCI Donaldson Company, Inc. | $179.2M | 0.6% | 2,111,613 |
| AWI Armstrong World Industries Inc | $171.6M | 0.6% | 1,041,354 |
| THG Hanover Insurance Group Inc | $171.6M | 0.6% | 989,837 |
| KRG Kite Realty Group Trust | $171.4M | 0.6% | 6,979,970 |
| UTHR United Therapeutics Corporation | $166.3M | 0.6% | 280,405 |
| MSM MSC Industrial Direct Company, Inc. | $164.8M | 0.6% | 1,785,596 |
| STRL Sterling Infrastructure, Inc. | $164.1M | 0.6% | 403,002 |
| TFX Teleflex Incorporated | $163.1M | 0.5% | 1,363,950 |
| NXT Nextpower Inc. | $162.0M | 0.5% | 1,343,730 |
| ICUI ICU Medical, Inc. | $157.6M | 0.5% | 1,220,539 |
| NXST Nexstar Media Group, Inc. | $155.9M | 0.5% | 862,253 |
| GNTX Gentex Corporation | $155.3M | 0.5% | 7,108,679 |
| R Ryder System, Inc. | $154.6M | 0.5% | 755,455 |
| CBT Cabot Corporation | $154.3M | 0.5% | 2,048,260 |
| CNO CNO Financial Group, Inc. | $154.1M | 0.5% | 3,752,992 |
| AYI Acuity Inc. | $154.0M | 0.5% | 549,645 |
| RL Ralph Lauren Corporation | $153.1M | 0.5% | 445,115 |
| AIZ Assurant, Inc. | $151.9M | 0.5% | 697,535 |
| AEIS Advanced Energy Industries, Inc. | $151.7M | 0.5% | 469,935 |
| CCK Crown Holdings, Inc. | $151.4M | 0.5% | 1,510,014 |
| FHI Federated Hermes, Inc. | $150.2M | 0.5% | 2,647,726 |
Long US equity positions only, as filed. 13F does not cover short positions, cash, bonds or non-US listings, so this is not the whole portfolio.
What changed last quarter
| Holding | Change | Now | Was | Shares |
|---|---|---|---|---|
| DOC Healthpeak Properties, Inc. | Trim | $479.8M | $476.7M | -2% |
| PRIM Primoris Services Corporation | Trim | $424.4M | $377.2M | -2% |
| LITE Lumentum Holdings Inc. | Trim | $413.0M | $358.1M | -40% |
| ALSN Allison Transmission Holdings, Inc. | Add | $397.4M | $324.4M | +2% |
| EXEL Exelixis, Inc. | Add | $366.4M | $348.9M | +7% |
| FIX Comfort Systems USA, Inc. | Trim | $334.0M | $269.8M | -16% |
| ONB Old National Bancorp | Trim | $332.7M | $354.8M | -5% |
| BE Bloom Energy Corporation Class A | Trim | $311.5M | $238.3M | -16% |
| FNB F.N.B. Corporation | Trim | $298.7M | $359.3M | -15% |
| VRT Vertiv Holdings, LLC Class A | Add | $298.1M | $185.1M | +4% |
| LKQ LKQ Corporation | Add | $292.0M | $249.4M | +20% |
| DVN Devon Energy Corporation | Trim | $280.7M | $255.6M | -20% |
| PRMB Primo Brands Corporation | Trim | $265.9M | $236.3M | -2% |
| SAIC Science Applications International Corporation | Add | $256.3M | $264.4M | +3% |
| CE Celanese Corporation | Trim | $244.6M | $173.1M | -9% |
| G8060N102 Sensata Technologies Hldg Pl | Add | $241.7M | $200.4M | +14% |
| MTCH Match Group, Inc. | Add | $237.9M | $224.9M | +11% |
| GH Guardant Health, Inc. | Add | $235.6M | $249.4M | +4% |
| MOD Modine Manufacturing Company | Add | $234.4M | $135.9M | +6% |
| CRUS Cirrus Logic, Inc. | Add | $232.3M | $187.1M | +2% |
| G9618E107 White Mtns Ins Group LTD | Trim | $229.7M | $224.8M | -3% |
| BWA BorgWarner Inc. | Add | $223.7M | $147.5M | +26% |
| DOCN DigitalOcean Holdings, Inc. | Add | $219.8M | $116.5M | +6% |
| EHC Encompass Health Corporation | Add | $215.7M | $218.0M | +9% |
| EME EMCOR Group, Inc. | Trim | $214.7M | $222.6M | -20% |
| AMG Affiliated Managers Group, Inc. | Add | $210.4M | $197.6M | +11% |
| POR Portland General Electric Co | Trim | $207.6M | $196.0M | -4% |
| G48833118 Weatherford Intl PLC | Add | $205.1M | $150.9M | +12% |
| AGCO AGCO Corporation | Trim | $202.3M | $266.0M | -32% |
| GPK Graphic Packaging Holding Company | Add | $201.9M | $281.7M | +9% |
| GTX Garrett Motion Inc. | Add | $198.0M | $180.4M | +5% |
| COLD Americold Realty Trust, Inc. | Trim | $195.4M | $222.4M | -1% |
| UGI UGI Corporation | Trim | $194.6M | $207.6M | -4% |
| OPCH Option Care Health, Inc. | Add | $191.8M | $221.7M | +2% |
| RYN Rayonier Inc. REIT | Add | $191.6M | $122.3M | +65% |
| CMC Commercial Metals Company | Trim | $182.8M | $264.3M | -22% |
| AWI Armstrong World Industries Inc | Add | $171.6M | $192.1M | +4% |
| THG Hanover Insurance Group Inc | Add | $171.6M | $174.4M | +4% |
| KRG Kite Realty Group Trust | Trim | $171.4M | $173.3M | -3% |
| UTHR United Therapeutics Corporation | Trim | $166.3M | $141.6M | -4% |
New and exited positions are only shown for managers whose entire filed portfolio fits inside the positions stored here. For a manager filing more than that, a holding leaving the stored set is indistinguishable from a holding being sold, so those are reported as adds and trims only.
What a 13F is
Any institutional manager exercising discretion over more than $100 million in US-listed equities must file a Form 13F with the SEC within 45 days of each quarter end, listing what they held on the last day of that quarter. The threshold was set in 1975 and has never been raised, so the filer population now runs to several thousand.
The four things it does not tell you
- It is stale. A filing describes positions as of quarter end and can arrive 45 days later. A manager who sold everything in week one of the new quarter files the same document as one who held.
- Long US equities only. No short positions, no cash, no bonds, no commodities, no foreign listings. A fund that looks heavily long in a 13F may be hedged in instruments that never appear.
- Not the whole firm. Assets are reported by the entity with discretion, so one manager can file under several CIKs, and the figure here is what that entity reported.
- Confidential treatment exists. A manager can apply to delay disclosing a position while building it. Those holdings appear later, if at all.
Why the biggest filers are not the interesting ones
The largest managers by reported value are index providers — they hold nearly everything, in proportion to the indices they track, because clients asked them to. Reading their filings for conviction is a category error. The filings worth attention are concentrated ones, where a small number of positions make up most of the portfolio, since that reflects a decision rather than a mandate.
The share-of-portfolio column is the one to read for this. A position that is 15% of a fund says something; the same dollar amount at 0.2% of an index tracker does not.
Where this comes from
The SEC's own quarterly Form 13F structured data sets, parsed here rather than bought from a vendor. Holdings are identified in the filings by CUSIP, and the mapping from CUSIP to ticker is the awkward part — that identifier is licensed rather than public, so the mapping is resolved through OpenFIGI and built up over time. Around 95% of reported value currently sits on a resolved ticker; the rest shows its CUSIP.
The rest of the section is on the Markets overview — including insider transactions, which are the same idea at the individual level, and the correlation finder, where each ticker's page carries its institutional ownership.