Skip to content
Disclosery

Brandywine Global Investment Management, LLC

Follow

13F filer, CIK 829108, PHILADELPHIA, PA

Brandywine Global Investment Management, LLC reported $14,198,870,548 across 572 holdings for the quarter ended 2025-06-30, in a 13F-HR filed 2025-08-12. Its ten largest share positions make up 19.45% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000829108-25-000004

Period
2025-06-30
Reported value
$14.2B
Holdings
572
Top 10 weight
19.45%
New
83
Sold out
69

Part of the filer group Franklin Resources

How groups are built

Stakes and trades reported after 2025-06-30

13D, 13G and Form 4 filings by this filer's group, dated after the 13F period, on securities the quarter does not hold as shares.

  • CLARION PARTNERS REAL ESTATE INCOME FUN…: 13D/A 93,329 shares, 66.6% of the class, 13D/A filed 2026-10-02, 0000038777-26-000256
    Accepted , ingested
  • FRANKLIN BSP PRIVATE CREDIT ADVISOR: 13D/A 6,597,084 shares, 60.3% of the class, 13D/A filed 2026-09-28, 0000038777-26-000255
    Accepted , ingested

Largest buys vs the previous quarter

SecurityShares changeApprox. value
AMGNadded+312,480$87.2M
CRMnew+274,704$74.9M
QCOMadded+401,090$63.9M
ADBEnew+162,384$62.8M
ANFnew+744,026$61.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
UNHexited-553,211-$290M
ABBVreduced-520,981-$96.7M
DEreduced-161,161-$81.9M
NEEexited-921,444-$65.3M
FDXreduced-246,827-$56.1M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q2 2025

Share positions as resolved from 13F-HR 0000829108-25-000004, largest first. % of portfolio is the value over $14,198,870,548, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
GSBCGREAT SOUTHN BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,498 shares; 2024Q4: 28,194 shares; 2025Q1: 27,084 shares; 2025Q2: 26,084 shares 26,084$1.53M0.01%-1,000Timeline
UVEUNIVERSAL INS HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 57,570 shares; 2025Q1: 55,460 shares; 2025Q2: 53,360 shares 53,360$1.48M0.01%-2,100Timeline
MCSMARCUS CORP DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 17,680 shares; 2024Q4: 50,150 shares; 2025Q1: 90,140 shares; 2025Q2: 86,640 shares 86,640$1.46M0.01%-3,500Timeline
HTBHOMETRUST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,950 shares; 2024Q4: 41,848 shares; 2025Q1: 40,338 shares; 2025Q2: 38,838 shares 38,838$1.45M0.01%-1,500Timeline
RRYDER SYS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 147,328 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 9,133 shares 9,133$1.45M0.01%newTimeline
RIGLRIGEL PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 76,870 shares 76,870$1.44M0.01%newTimeline
AAMIACADIAN ASSET MANAGEMENT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 20,519 shares; 2025Q2: 40,431 shares 40,431$1.42M0.01%+19,912Timeline
ASLEAERSALE CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 146,711 shares; 2024Q4: not reported; 2025Q1: 193,630 shares; 2025Q2: 232,270 shares 232,270$1.4M0.01%+38,640Timeline
HRTGHERITAGE INSURANCE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,190 shares; 2024Q4: 12,400 shares; 2025Q1: 30,900 shares; 2025Q2: 55,400 shares 55,400$1.38M0.01%+24,500Timeline
PACIFIC PREMIER BANCORP INCPACIFIC PREMIER BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 73,405 shares; 2024Q4: 70,205 shares; 2025Q1: 67,595 shares; 2025Q2: 65,095 shares 65,095$1.37M0.01%-2,500
SMBCSOUTHERN MO BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,939 shares; 2024Q4: 26,939 shares; 2025Q1: 25,832 shares; 2025Q2: 24,932 shares 24,932$1.37M0.01%-900Timeline
SHENSHENANDOAH TELECOMMUNICATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 96,420 shares 96,420$1.32M0.01%newTimeline
CVLGCOVENANT LOGISTICS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,076 shares; 2024Q4: 28,876 shares; 2025Q1: 55,838 shares; 2025Q2: 54,138 shares 54,138$1.31M0.01%-1,700Timeline
UFCSUNITED FIRE GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 13,870 shares; 2025Q2: 44,690 shares 44,690$1.28M0.01%+30,820Timeline
WSBCWESBANCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,943 shares; 2024Q4: 42,943 shares; 2025Q1: 41,433 shares; 2025Q2: 39,933 shares 39,933$1.26M0.01%-1,500Timeline
FBNCFIRST BANCORP N CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 28,937 shares; 2025Q2: 27,961 shares 27,961$1.23M0.01%-976Timeline
TRSTTRUSTCO BK CORP N YQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,035 shares; 2024Q4: 39,032 shares; 2025Q1: 37,522 shares; 2025Q2: 36,222 shares 36,222$1.21M0.01%-1,300Timeline
DGICADONEGAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,900 shares; 2024Q4: 64,900 shares; 2025Q1: 62,300 shares; 2025Q2: 60,000 shares 60,000$1.2M0.01%-2,300Timeline
VLGEAVILLAGE SUPER MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,817 shares; 2024Q4: 33,317 shares; 2025Q1: 31,907 shares; 2025Q2: 30,707 shares 30,707$1.18M0.01%-1,200Timeline
MTUSMETALLUS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 73,820 shares 73,820$1.14M0.01%newTimeline
FMNBFARMERS NATIONAL BANC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,965 shares; 2024Q4: 88,965 shares; 2025Q1: 85,455 shares; 2025Q2: 81,955 shares 81,955$1.13M0.01%-3,500Timeline
GDOTGREEN DOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 109,300 shares; 2025Q1: 105,090 shares; 2025Q2: 101,290 shares 101,290$1.09M0.01%-3,800Timeline
BFSTBUSINESS FIRST BANCSHARES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,071 shares; 2024Q4: 46,771 shares; 2025Q1: 44,961 shares; 2025Q2: 43,461 shares 43,461$1.07M0.01%-1,500Timeline
OBKORIGIN BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,409 shares; 2024Q4: 30,909 shares; 2025Q1: 29,709 shares; 2025Q2: 28,809 shares 28,809$1.03M0.01%-900Timeline
STELSTELLAR BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 37,386 shares; 2025Q2: 36,186 shares 36,186$1.01M0.01%-1,200Timeline
ACICAMERICAN COASTAL INS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 98,000 shares; 2025Q1: 94,200 shares; 2025Q2: 90,700 shares 90,700$1.01M0.01%-3,500Timeline
VERITEX HLDGS INCVERITEX HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 38,225 shares; 2025Q2: 36,926 shares 36,926$964K0.01%-1,299
BCHBANCO DE CHILEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,278 shares; 2024Q4: 136,418 shares; 2025Q1: 25,791 shares; 2025Q2: 30,131 shares 30,131$917K0.01%+4,340Timeline
BHBBAR HBR BANKSHARESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,768 shares; 2024Q4: 33,068 shares; 2025Q1: 31,658 shares; 2025Q2: 30,458 shares 30,458$913K0.01%-1,200Timeline
FBINFORTUNE BRANDS INNOVATIONS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 76,548 shares; 2024Q4: 71,098 shares; 2025Q1: 74,146 shares; 2025Q2: 17,425 shares 17,425$897K0.01%-56,721Timeline
TRMKTRUSTMARK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,154 shares; 2024Q4: 23,154 shares; 2025Q1: 22,143 shares; 2025Q2: 24,444 shares 24,444$891K0.01%+2,301Timeline
HOPEHOPE BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 488,431 shares; 2024Q4: not reported; 2025Q1: 84,464 shares; 2025Q2: 81,764 shares 81,764$877K0.01%-2,700Timeline
SMBKSMARTFINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,668 shares; 2024Q4: 27,668 shares; 2025Q1: 26,659 shares; 2025Q2: 25,959 shares 25,959$877K0.01%-700Timeline
MSBIMIDLAND STATES BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 52,887 shares; 2024Q4: 50,587 shares; 2025Q1: 48,677 shares; 2025Q2: 46,977 shares 46,977$814K0.01%-1,700Timeline
BGBUNGE GLOBAL SAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 231,315 shares; 2024Q4: 50,750 shares; 2025Q1: 10,171 shares; 2025Q2: 10,134 shares 10,134$814K0.01%-37Timeline
CRMTAMERICAS CAR-MART INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 14,410 shares 14,410$808K0.01%newTimeline
IBCPINDEPENDENT BK CORP MICHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,638 shares; 2024Q4: 26,438 shares; 2025Q1: 25,438 shares; 2025Q2: 24,838 shares 24,838$805K0.01%-600Timeline
GCOGENESCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 34,500 shares; 2025Q1: 40,360 shares; 2025Q2: 38,860 shares 38,860$765K0.01%-1,500Timeline
MTWMANITOWOC CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 616,830 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 62,250 shares 62,250$748K0.01%newTimeline
OCFCOCEANFIRST FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,670 shares; 2024Q4: not reported; 2025Q1: 41,023 shares; 2025Q2: 39,561 shares 39,561$697K<0.01%-1,462Timeline
SAICSCIENCE APPLICATIONS INTL COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 80,468 shares; 2024Q4: 57,164 shares; 2025Q1: not reported; 2025Q2: 6,120 shares 6,120$689K<0.01%newTimeline
UHALU HAUL HOLDING COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,210 shares; 2024Q4: 9,700 shares; 2025Q1: 9,327 shares; 2025Q2: 9,127 shares 9,127$553K<0.01%-200Timeline
CPFCENTRAL PAC FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,084 shares; 2024Q4: 17,586 shares; 2025Q1: 16,876 shares; 2025Q2: 16,276 shares 16,276$456K<0.01%-600Timeline
BANCBANC OF CALIFORNIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,607 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 32,300 shares 32,300$454K<0.01%newTimeline
SRPTSAREPTA THERAPEUTICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 185,976 shares; 2025Q1: 174,581 shares; 2025Q2: 24,203 shares 24,203$414K<0.01%-150,378Timeline
RMREGIONAL MGMT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,280 shares 13,280$388K<0.01%newTimeline
OISOIL STS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 47,410 shares; 2025Q2: 57,410 shares 57,410$308K<0.01%+10,000Timeline
NBHCNATIONAL BK HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,786 shares 7,786$293K<0.01%newTimeline
DBDDIEBOLD NIXDORF INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 4,834 shares; 2024Q4: 119,867 shares; 2025Q1: 136,448 shares; 2025Q2: 4,834 shares 4,834$268K<0.01%-131,614Timeline
RNGRRANGER ENERGY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,780 shares; 2024Q4: 13,180 shares; 2025Q1: 16,840 shares; 2025Q2: 21,390 shares 21,390$255K<0.01%+4,550Timeline
TCBXTHIRD COAST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,390 shares; 2025Q1: 6,390 shares; 2025Q2: 7,590 shares 7,590$248K<0.01%+1,200Timeline
BSRRSIERRA BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,992 shares; 2025Q1: not reported; 2025Q2: 8,192 shares 8,192$243K<0.01%newTimeline
NGSNATURAL GAS SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 9,385 shares; 2025Q1: 9,385 shares; 2025Q2: 9,385 shares 9,385$242K<0.01%0Timeline
NRIMNORTHRIM BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,549 shares 2,549$238K<0.01%newTimeline
QUADQUAD / GRAPHICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,100 shares; 2024Q4: 23,080 shares; 2025Q1: 29,630 shares; 2025Q2: 34,700 shares 34,700$196K<0.01%+5,070Timeline
VNDAVANDA PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,570 shares; 2024Q4: 39,390 shares; 2025Q1: 39,390 shares; 2025Q2: 39,390 shares 39,390$186K<0.01%0Timeline
CFFNCAPITOL FED FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 26,810 shares 26,810$164K<0.01%newTimeline
PDLBPONCE FINANCIAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,360 shares; 2024Q4: 11,360 shares; 2025Q1: 11,360 shares; 2025Q2: 11,360 shares 11,360$157K<0.01%0Timeline
MEIMETHODE ELECTRS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 605,871 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,170 shares 13,170$125K<0.01%newTimeline
HTBKHERITAGE COMM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,370 shares 12,370$123K<0.01%newTimeline
IVEISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 461 shares; 2024Q4: 461 shares; 2025Q1: 559 shares; 2025Q2: 515 shares 515$101K<0.01%-44Timeline
JRVRJAMES RIVER GROUP HOLDINGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 16,850 shares 16,850$98.7K<0.01%newTimeline
KRNYKEARNY FINL CORP MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,050 shares 13,050$84.3K<0.01%newTimeline
IWSISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q3: restricted; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53 shares; 2024Q4: 268 shares; 2025Q1: 615 shares; 2025Q2: 589 shares 589$77.8K<0.01%-26Timeline

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

SecurityTypeAmountValueChange
CABLE ONE INCCABLE ONE INC NOTEprincipal77,355,000$59.2M+10,550,000
ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3principal26,371,714$31.1M+380,313
GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0principal26,615,000$23.9M0
SNAP INCSNAP INC Convertibleprincipal19,750,000$16.8Mnew
WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1principal14,216,000$12.3M+4,216,000
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 4.000% 3/1principal13,000,000$12.3M+5,250,000
AIRBNB INCAIRBNB INC CLASS Aprincipal6,250,000$6.04M-250,000
BLOCK INCBLOCK INC NOTE 0.250%11/0principal2,000,000$1.79M0

Sold out in Q2 2025

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
UNHUNITEDHEALTH GROUP INC553,211$290Mshares
NEENEXTERA ENERGY INC921,444$65.3Mshares
DDOMINION ENERGY INC867,062$48.6Mshares
BLDRBUILDERS FIRSTSOURCE INC366,394$45.8Mshares
MPCMARATHON PETE CORP299,071$43.6Mshares
SIRISIRIUSXM HOLDINGS INC1,740,601$39.2Mshares
LYBLYONDELLBASELL INDUSTRIES NV487,971$34.4Mshares
COFCAPITAL ONE FINL CORP175,090$31.4Mshares
DISCOVER FINANCIAL SERVICESDISCOVER FINANCIAL SERVICES133,692$22.8Mshares
NOCNORTHROP GRUMMAN CORP44,171$22.6Mshares
HPQHP INC776,236$21.5Mshares
ALAIR LEASE CORP329,867$15.9Mshares
KBHKB HOME257,364$15Mshares
SRSPIRE INC188,689$14.8Mshares
LPLALPL FINL HLDGS INC36,515$11.9Mshares
OMCOMNICOM GROUP INC138,791$11.5Mshares
MHOM/I HOMES INC98,839$11.3Mshares
BCCBOISE CASCADE CO DEL107,716$10.6Mshares
CTRACOTERRA ENERGY INC360,437$10.4Mshares
SLVMSYLVAMO CORP147,902$9.92Mshares
EVREVERCORE INC45,136$9.01Mshares
SNEXSTONEX GROUP INC109,159$8.34Mshares
WMKWEIS MKTS INC94,155$7.25Mshares
GMS INCGMS INC95,555$6.99Mshares
CCSCENTURY COMMUNITIES INC102,866$6.9Mshares
CPBTHE CAMPBELLS COMPANY171,921$6.86Mshares
CXWCORECIVIC INC330,754$6.71Mshares
TTMITTM TECHNOLOGIES INC299,350$6.14Mshares
MBCMASTERBRAND INC457,431$5.97Mshares
WEXWEX INC30,569$4.8Mshares
EXPEAGLE MATLS INC19,997$4.44Mshares
SKXSKECHERS U S A INC77,302$4.39Mshares
TPCTUTOR PERINI CORP188,852$4.38Mshares
GIIIG III APPAREL GROUP LTD160,000$4.38Mshares
TTCTORO CO59,735$4.35Mshares
MHKMOHAWK INDS INC36,254$4.14Mshares
BERRY GLOBAL GROUP INCBERRY GLOBAL GROUP INC59,019$4.12Mshares
DNOWDNOW INC204,507$3.49Mshares
BIOBIO RAD LABS INC14,234$3.47Mshares
SBHSALLY BEAUTY HLDGS INC358,950$3.24Mshares
HCIHCI GROUP INC20,313$3.03Mshares
DFHDREAM FINDERS HOMES INC130,112$2.94Mshares
EXCEXELON CORP62,380$2.87Mshares
EMBCEMBECTA CORP211,797$2.7Mshares
HSIIHEIDRICK & STRUGGLES INTL IN59,337$2.54Mshares
SPARTANNASH COSPARTANNASH CO122,880$2.49Mshares
AOSLALPHA & OMEGA SEMICONDUCTOR94,783$2.36Mshares
FIRST BANCSHARES INC MISSFIRST BANCSHARES INC MISS69,165$2.34Mshares
NTGRNETGEAR INC93,740$2.29Mshares
PUMPPROPETRO HLDG CORP302,750$2.23Mshares
BZHBEAZER HOMES USA INC102,172$2.08Mshares
EIDOISHARES TR125,280$2.04Mshares
DCODUCOMMUN INC DEL33,960$1.97Mshares
BXCBLUELINX HLDGS INC25,673$1.92Mshares
MCYMERCURY GENL CORP NEW30,198$1.69Mshares
PRAAPRA GROUP INC77,236$1.59Mshares
ACCOACCO BRANDS CORP337,979$1.42Mshares
RYAMRAYONIER ADVANCED MATLS INC240,080$1.38Mshares
PKOHPARK-OHIO HLDGS CORP46,500$1Mshares
BRK-BBERKSHIRE HATHAWAY INC DEL524$279Kshares
APEIAMERICAN PUB ED INC10,450$233Kshares
ATNIATN INTL INC11,480$233Kshares
JAKKJAKKS PAC INC8,480$209Kshares
DCGODOCGO INC77,269$204Kshares
ZUMZZUMIEZ INC11,360$169Kshares
RMAXRE/MAX HLDGS INC14,370$120Kshares
ACTGACACIA RESH CORP27,197$87Kshares
ARQARQ INC16,050$66.9Kshares
ECHOECHOSTAR CORP789$20.2Kshares

How Q2 2025 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0000829108-25-000004 base2025-08-12acceptance time not in the bulk data set