Applied Fundamental Research, LLC — 13F Holdings & Portfolio
CIK 1849776 · latest 13F-HR filed 2026-05-13
Applied Fundamental Research, LLC manages $75.8M in 13F-reported U.S. long-equity assets across 10 reported positions as of its 2026-03-31 13F-HR filing. Its largest disclosed positions are IAC (16.12%), DY (15.64%), ALGN (13.87%). Quarter over quarter (versus its 2025-12-31 filing) the fund opened 0 new positions, exited 0, added to 2, and trimmed 7.
AUM is the long-equity portion reported on Form 13F-HR. Excludes short positions, cash, foreign holdings, and non-13F assets. For informational purposes only — not investment advice.
$75.8M
Long-equity book
10
Distinct positions
2026-03-31
Filed 2026-05-13
+0 / −0 / ↑2 / ↓7
vs 2025-12-31
| Name | Title / Status | Ownership | Type |
|---|
Top Trims
- GAMING & LEISURE P-$5.6M -73.1%
- IAC INC-$5.3M -30.3%
- NOMAD FOODS LTD-$4.8M -72.9%
- U HAUL HOLDING COMPANY-$4.6M -46.3%
- N-ABLE INC-$3.6M -38.0%
Rows tagged Call or Put are options positions, not stock. Per SEC Form 13F-HR, Value shows the notional value of the underlying (shares covered × underlying price), not the option premium. Shares is the number of underlying shares covered (divide by 100 for contract count).
| # | Issuer | Symbol | CUSIP | Value | Weight | Shares | Type |
|---|---|---|---|---|---|---|---|
| 1 | IAC INC | IAC | 44891N208 | $12.2M | 16.12% | 305,099 | SH |
| 2 | DYCOM INDS INC | DY | 267475101 | $11.8M | 15.64% | 34,972 | SH |
| 3 | ALIGN TECHNOLOGY INC | ALGN | 016255101 | $10.5M | 13.87% | 61,312 | SH |
| 4 | UFP TECHNOLOGIES INC | UFPT | 902673102 | $10.2M | 13.49% | 52,788 | SH |
| 5 | HEICO CORP | HEI.A | 422806208 | $8.4M | 11.12% | 39,921 | SH |
| 6 | FIGS INC | FIGS | 30260D103 | $7.6M | 10.05% | 515,569 | SH |
| 7 | N-ABLE INC | NABL | 62878D100 | $5.8M | 7.66% | 1,243,671 | SH |
| 8 | U HAUL HOLDING COMPANY | UHAL.B | 023586506 | $5.3M | 7.02% | 119,045 | SH |
| 9 | GAMING & LEISURE P | GLPI | 36467J108 | $2.0M | 2.70% | 46,034 | SH |
| 10 | NOMAD FOODS LTD | NOMD | G6564A105 | $1.8M | 2.35% | 185,121 | SH |
| Period | Filed | AUM | Holdings | Accession |
|---|---|---|---|---|
| 2026-03-31 | 2026-05-13 | $75.8M | 10 | 0001849776-26-000005 |
| 2025-12-31 | 2026-01-28 | $100.7M | 10 | 0001849776-26-000001 |
| 2025-09-30 | 2025-10-30 | $102.9M | 10 | 0001849776-25-000008 |