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Brandywine Global Investment Management, LLC

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13F filer, CIK 829108, PHILADELPHIA, PA

Brandywine Global Investment Management, LLC reported $14,577,476,451 across 598 holdings for the quarter ended 2025-09-30, in a 13F-HR filed 2025-11-13. Its ten largest share positions make up 20.14% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0000829108-25-000008

Period
2025-09-30
Reported value
$14.6B
Holdings
598
Top 10 weight
20.14%
New
93
Sold out
67

Part of the filer group Franklin Resources

How groups are built

Stakes and trades reported after 2025-09-30

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
XOMnew+1,654,861$187M
GOOGLadded+266,902$64.9M
DOCnew+3,384,904$64.8M
Tadded+2,135,858$60.3M
ESnew+792,430$56.4M

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
CATexited-624,360-$242M
NRGreduced-550,563-$89.2M
CVXreduced-554,686-$86.1M
LMTreduced-157,311-$78.5M
MMMreduced-441,617-$68.5M

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, Q3 2025

Share positions as resolved from 13F-HR 0000829108-25-000008, largest first. % of portfolio is the value over $14,577,476,451, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
OSBCOLD SECOND BANCORP INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 110,534 shares; 2024Q4: 105,530 shares; 2025Q1: 101,620 shares; 2025Q2: 97,520 shares; 2025Q3: 94,020 shares 94,020$1.63M0.01%-3,500Timeline
WEXWEX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 24,442 shares; 2025Q1: 30,569 shares; 2025Q2: not reported; 2025Q3: 10,180 shares 10,180$1.6M0.01%newTimeline
WSBCWESBANCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 44,943 shares; 2024Q4: 42,943 shares; 2025Q1: 41,433 shares; 2025Q2: 39,933 shares; 2025Q3: 48,717 shares 48,717$1.56M0.01%+8,784Timeline
MBWMMERCANTILE BK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 40,559 shares; 2024Q4: 38,657 shares; 2025Q1: 37,147 shares; 2025Q2: 35,747 shares; 2025Q3: 34,447 shares 34,447$1.55M0.01%-1,300Timeline
CACCCREDIT ACCEP CORP MICHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 3,315 shares 3,315$1.55M0.01%newTimeline
HRLHORMEL FOODS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 75,600 shares; 2024Q4: 69,700 shares; 2025Q1: 63,850 shares; 2025Q2: 62,650 shares; 2025Q3: 62,560 shares 62,560$1.55M0.01%-90Timeline
GSBCGREAT SOUTHN BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 29,498 shares; 2024Q4: 28,194 shares; 2025Q1: 27,084 shares; 2025Q2: 26,084 shares; 2025Q3: 25,184 shares 25,184$1.54M0.01%-900Timeline
HTBHOMETRUST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 43,950 shares; 2024Q4: 41,848 shares; 2025Q1: 40,338 shares; 2025Q2: 38,838 shares; 2025Q3: 37,438 shares 37,438$1.53M0.01%-1,400Timeline
VIRTVIRTU FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 43,092 shares 43,092$1.53M0.01%newTimeline
GDOTGREEN DOT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 109,300 shares; 2025Q1: 105,090 shares; 2025Q2: 101,290 shares; 2025Q3: 111,610 shares 111,610$1.5M0.01%+10,320Timeline
RIGTRANSOCEAN LTDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 479,004 shares 479,004$1.49M0.01%newTimeline
FRMEFIRST MERCHANTS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 45,379 shares; 2024Q4: 43,270 shares; 2025Q1: 41,760 shares; 2025Q2: 40,261 shares; 2025Q3: 38,873 shares 38,873$1.47M0.01%-1,388Timeline
CLNECLEAN ENERGY FUELS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 556,250 shares 556,250$1.44M0.01%newTimeline
AMALAMALGAMATED FINANCIAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 61,863 shares; 2024Q4: 59,058 shares; 2025Q1: 56,864 shares; 2025Q2: 54,685 shares; 2025Q3: 52,685 shares 52,685$1.43M0.01%-2,000Timeline
FBNCFIRST BANCORP N CQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 28,937 shares; 2025Q2: 27,961 shares; 2025Q3: 26,956 shares 26,956$1.43M0.01%-1,005Timeline
CLWCLEARWATER PAPER CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,080 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 70,020 shares; 2025Q3: 67,520 shares 67,520$1.4M0.01%-2,500Timeline
HZOMARINEMAX INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 78,411 shares; 2024Q4: 75,010 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 54,340 shares 54,340$1.38M0.01%newTimeline
WALWESTERN ALLIANCE BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,814 shares 15,814$1.37M0.01%newTimeline
HRTGHERITAGE INSURANCE HLDGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,190 shares; 2024Q4: 12,400 shares; 2025Q1: 30,900 shares; 2025Q2: 55,400 shares; 2025Q3: 53,500 shares 53,500$1.35M0.01%-1,900Timeline
BPOPPOPULAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,027 shares 10,027$1.27M0.01%newTimeline
TRSTTRUSTCO BK CORP N YQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 121,035 shares; 2024Q4: 39,032 shares; 2025Q1: 37,522 shares; 2025Q2: 36,222 shares; 2025Q3: 34,922 shares 34,922$1.27M0.01%-1,300Timeline
SMBCSOUTHERN MO BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,939 shares; 2024Q4: 26,939 shares; 2025Q1: 25,832 shares; 2025Q2: 24,932 shares; 2025Q3: 24,032 shares 24,032$1.26M0.01%-900Timeline
BANCBANC OF CALIFORNIA INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 634,607 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 32,300 shares; 2025Q3: 75,041 shares 75,041$1.24M0.01%+42,741Timeline
TRMKTRUSTMARK CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 24,154 shares; 2024Q4: 23,154 shares; 2025Q1: 22,143 shares; 2025Q2: 24,444 shares; 2025Q3: 30,587 shares 30,587$1.21M0.01%+6,143Timeline
EBSEMERGENT BIOSOLUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 135,410 shares 135,410$1.19M0.01%newTimeline
MHKMOHAWK INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,799 shares; 2024Q4: 38,675 shares; 2025Q1: 36,254 shares; 2025Q2: not reported; 2025Q3: 9,149 shares 9,149$1.18M0.01%newTimeline
KOPKOPPERS HOLDINGS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 51,832 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 40,860 shares 40,860$1.14M0.01%newTimeline
FMNBFARMERS NATIONAL BANC CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 92,965 shares; 2024Q4: 88,965 shares; 2025Q1: 85,455 shares; 2025Q2: 81,955 shares; 2025Q3: 78,855 shares 78,855$1.14M0.01%-3,100Timeline
CVLGCOVENANT LOGISTICS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 30,076 shares; 2024Q4: 28,876 shares; 2025Q1: 55,838 shares; 2025Q2: 54,138 shares; 2025Q3: 52,438 shares 52,438$1.14M0.01%-1,700Timeline
DGICADONEGAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,900 shares; 2024Q4: 64,900 shares; 2025Q1: 62,300 shares; 2025Q2: 60,000 shares; 2025Q3: 57,900 shares 57,900$1.12M0.01%-2,100Timeline
ACICAMERICAN COASTAL INS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 98,000 shares; 2025Q1: 94,200 shares; 2025Q2: 90,700 shares; 2025Q3: 98,350 shares 98,350$1.12M0.01%+7,650Timeline
VLGEAVILLAGE SUPER MKT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,817 shares; 2024Q4: 33,317 shares; 2025Q1: 31,907 shares; 2025Q2: 30,707 shares; 2025Q3: 29,707 shares 29,707$1.11M0.01%-1,000Timeline
GCOGENESCO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 34,500 shares; 2025Q1: 40,360 shares; 2025Q2: 38,860 shares; 2025Q3: 37,460 shares 37,460$1.09M0.01%-1,400Timeline
KELYAKELLY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 107,930 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 81,030 shares 81,030$1.06M0.01%newTimeline
TTCTORO COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 21,647 shares; 2025Q1: 59,735 shares; 2025Q2: not reported; 2025Q3: 13,905 shares 13,905$1.06M0.01%newTimeline
STELSTELLAR BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 37,386 shares; 2025Q2: 36,186 shares; 2025Q3: 34,893 shares 34,893$1.06M0.01%-1,293Timeline
USNAUSANA HEALTH SCIENCES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 37,910 shares 37,910$1.04M0.01%newTimeline
BFSTBUSINESS FIRST BANCSHARES INQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 49,071 shares; 2024Q4: 46,771 shares; 2025Q1: 44,961 shares; 2025Q2: 43,461 shares; 2025Q3: 41,861 shares 41,861$988K0.01%-1,600Timeline
OBKORIGIN BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 32,409 shares; 2024Q4: 30,909 shares; 2025Q1: 29,709 shares; 2025Q2: 28,809 shares; 2025Q3: 27,801 shares 27,801$960K0.01%-1,008Timeline
JOUTJOHNSON OUTDOORS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,100 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 23,175 shares 23,175$936K0.01%newTimeline
BCHBANCO DE CHILEQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 94,278 shares; 2024Q4: 136,418 shares; 2025Q1: 25,791 shares; 2025Q2: 30,131 shares; 2025Q3: 30,131 shares 30,131$913K0.01%0Timeline
SMBKSMARTFINANCIAL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 28,668 shares; 2024Q4: 27,668 shares; 2025Q1: 26,659 shares; 2025Q2: 25,959 shares; 2025Q3: 25,359 shares 25,359$906K0.01%-600Timeline
BHBBAR HBR BANKSHARESQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,768 shares; 2024Q4: 33,068 shares; 2025Q1: 31,658 shares; 2025Q2: 30,458 shares; 2025Q3: 29,658 shares 29,658$903K0.01%-800Timeline
BIOBIO RAD LABS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 15,309 shares; 2024Q4: 14,524 shares; 2025Q1: 14,234 shares; 2025Q2: not reported; 2025Q3: 3,153 shares 3,153$884K0.01%newTimeline
HTOH2O AMERICAQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 18,009 shares 18,009$877K0.01%newTimeline
HOPEHOPE BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 488,431 shares; 2024Q4: not reported; 2025Q1: 84,464 shares; 2025Q2: 81,764 shares; 2025Q3: 79,564 shares 79,564$857K0.01%-2,200Timeline
TALOTALOS ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 88,683 shares 88,683$850K0.01%newTimeline
MTWMANITOWOC CO INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 616,830 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 62,250 shares; 2025Q3: 75,890 shares 75,890$760K0.01%+13,640Timeline
IBCPINDEPENDENT BK CORP MICHQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 27,638 shares; 2024Q4: 26,438 shares; 2025Q1: 25,438 shares; 2025Q2: 24,838 shares; 2025Q3: 24,238 shares 24,238$751K0.01%-600Timeline
ANDEANDERSONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 17,577 shares 17,577$700K<0.01%newTimeline
XPROEXPRO GROUP HOLDINGS NVQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 58,527 shares 58,527$695K<0.01%newTimeline
OCFCOCEANFIRST FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 67,670 shares; 2024Q4: not reported; 2025Q1: 41,023 shares; 2025Q2: 39,561 shares; 2025Q3: 38,861 shares 38,861$683K<0.01%-700Timeline
LEGLEGGETT & PLATT INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 68,646 shares 68,646$610K<0.01%newTimeline
RMREGIONAL MGMT CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,280 shares; 2025Q3: 14,000 shares 14,000$545K<0.01%+720Timeline
UHALU HAUL HOLDING COMPANYQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 10,210 shares; 2024Q4: 9,700 shares; 2025Q1: 9,327 shares; 2025Q2: 9,127 shares; 2025Q3: 9,027 shares 9,027$515K<0.01%-100Timeline
CPFCENTRAL PAC FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 109,084 shares; 2024Q4: 17,586 shares; 2025Q1: 16,876 shares; 2025Q2: 16,276 shares; 2025Q3: 15,976 shares 15,976$485K<0.01%-300Timeline
TCBXTHIRD COAST BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,390 shares; 2025Q1: 6,390 shares; 2025Q2: 7,590 shares; 2025Q3: 11,790 shares 11,790$448K<0.01%+4,200Timeline
UVSPUNIVEST FINANCIAL CORPORATIOQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 14,766 shares 14,766$443K<0.01%newTimeline
CFFNCAPITOL FED FINL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 26,810 shares; 2025Q3: 67,910 shares 67,910$431K<0.01%+41,100Timeline
HBNCHORIZON BANCORP INDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 122,600 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 26,210 shares 26,210$420K<0.01%newTimeline
NRIMNORTHRIM BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 2,549 shares; 2025Q3: 18,996 shares 18,996$411K<0.01%+16,447Timeline
EQBKEQUITY BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 9,870 shares 9,870$402K<0.01%newTimeline
HAFCHANMI FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 15,390 shares 15,390$380K<0.01%newTimeline
OISOIL STS INTL INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: 47,410 shares; 2025Q2: 57,410 shares; 2025Q3: 57,410 shares 57,410$348K<0.01%0Timeline
THFFFIRST FINANCIAL CORPORATIONQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 6,050 shares 6,050$341K<0.01%newTimeline
MPBMID PENN BANCORP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 11,780 shares 11,780$337K<0.01%newTimeline
GOLDGOLD COM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 12,530 shares 12,530$324K<0.01%newTimeline
HTBKHERITAGE COMM CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 12,370 shares; 2025Q3: 31,310 shares 31,310$311K<0.01%+18,940Timeline
RNGRRANGER ENERGY SVCS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 12,780 shares; 2024Q4: 13,180 shares; 2025Q1: 16,840 shares; 2025Q2: 21,390 shares; 2025Q3: 21,390 shares 21,390$300K<0.01%0Timeline
MOFGMIDWESTONE FINANCIAL GROUP IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,610 shares 10,610$300K<0.01%newTimeline
NBHCNATIONAL BK HLDGS CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 7,786 shares; 2025Q3: 7,686 shares 7,686$297K<0.01%-100Timeline
GPREGREEN PLAINS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 33,530 shares 33,530$295K<0.01%newTimeline
FISIFINANCIAL INSTITUTIONS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,290 shares 10,290$280K<0.01%newTimeline
SHBISHORE BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 16,980 shares 16,980$279K<0.01%newTimeline
NGSNATURAL GAS SVCS GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 9,385 shares; 2025Q1: 9,385 shares; 2025Q2: 9,385 shares; 2025Q3: 9,385 shares 9,385$263K<0.01%0Timeline
NFBKNORTHFIELD BANCORP INC DELQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 21,330 shares 21,330$252K<0.01%newTimeline
BWBBRIDGEWATER BANCSHARES INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 14,010 shares 14,010$247K<0.01%newTimeline
AROWARROW FINL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 8,380 shares 8,380$237K<0.01%newTimeline
BSRRSIERRA BANCORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: 6,992 shares; 2025Q1: not reported; 2025Q2: 8,192 shares; 2025Q3: 8,192 shares 8,192$237K<0.01%0Timeline
VPGVISHAY PRECISION GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 7,020 shares 7,020$225K<0.01%newTimeline
QUADQUAD / GRAPHICS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 18,100 shares; 2024Q4: 23,080 shares; 2025Q1: 29,630 shares; 2025Q2: 34,700 shares; 2025Q3: 34,700 shares 34,700$217K<0.01%0Timeline
EGYVAALCO ENERGY INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 310,830 shares; 2024Q4: 351,550 shares; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 53,270 shares 53,270$214K<0.01%newTimeline
VNDAVANDA PHARMACEUTICALS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 34,570 shares; 2024Q4: 39,390 shares; 2025Q1: 39,390 shares; 2025Q2: 39,390 shares; 2025Q3: 39,390 shares 39,390$197K<0.01%0Timeline
PDLBPONCE FINANCIAL GROUP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 11,360 shares; 2024Q4: 11,360 shares; 2025Q1: 11,360 shares; 2025Q2: 11,360 shares; 2025Q3: 11,360 shares 11,360$167K<0.01%0Timeline
WSBFWATERSTONE FINL INC MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 108,971 shares; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 10,670 shares 10,670$166K<0.01%newTimeline
JRVRJAMES RIVER GROUP HOLDINGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 16,850 shares; 2025Q3: 26,170 shares 26,170$145K<0.01%+9,320Timeline
IVEISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 461 shares; 2024Q4: 461 shares; 2025Q1: 559 shares; 2025Q2: 515 shares; 2025Q3: 488 shares 488$101K<0.01%-27Timeline
KRNYKEARNY FINL CORP MDQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: 13,050 shares; 2025Q3: 12,950 shares 12,950$85.1K<0.01%-100Timeline
IWSISHARES TRQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: 53 shares; 2024Q4: 268 shares; 2025Q1: 615 shares; 2025Q2: 589 shares; 2025Q3: 489 shares 489$68.3K<0.01%-100Timeline
SNAPSNAP INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2023Q4: restricted; 2024Q1: restricted; 2024Q2: restricted; 2024Q3: not reported; 2024Q4: not reported; 2025Q1: not reported; 2025Q2: not reported; 2025Q3: 628 shares 628$4.84K<0.01%newTimeline

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 NOTEprincipal70,351,000$60.2M-7,004,000
ECHOSTAR CORPECHOSTAR CORP NOTE 3.875%11/3principal20,141,005$49.6M-6,230,709
GLOBAL PMTS INCGLOBAL PMTS INC NOTE 1.500% 3/0principal26,615,000$24.4M0
SNAP INCSNAP INC Convertibleprincipal19,500,000$16.8M-250,000
ENCORE CAP GROUP INCENCORE CAP GROUP INC NOTE 4.000% 3/1principal12,375,000$12.3M-625,000
WINNEBAGO INDS INCWINNEBAGO INDS INC NOTE 3.250% 1/1principal12,966,000$11.6M-1,250,000
AIRBNB INCAIRBNB INC CLASS Aprincipal6,250,000$6.12M0
BLOCK INCBLOCK INC NOTE 0.250%11/0principal2,000,000$1.83M0

Sold out in Q3 2025

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

SecurityShares beforeValue beforeType
CATCATERPILLAR INC624,360$242Mshares
GISGENERAL MILLS INC734,133$38Mshares
TGTTARGET CORP353,393$34.9Mshares
CHTRCHARTER COMMUNICATIONS INC83,789$34.3Mshares
UPSUNITED PARCEL SVCS INC314,991$31.8Mshares
LHXL3HARRIS TECHNOLOGIES INC110,761$27.8Mshares
NEUNEWMARKET CORP31,553$21.8Mshares
INTERPUBLIC GROUP COSINTERPUBLIC GROUP COS874,428$21.4Mshares
AMCOR PLCAMCOR PLC1,931,359$17.7Mshares
BBYBEST BUY INC234,568$15.7Mshares
LAURLAUREATE ED INC651,886$15.2Mshares
EMEEMCOR GROUP INC26,875$14.4Mshares
REZIRESIDEO TECHNOLOGIES INC639,532$14.1Mshares
RLRALPH LAUREN CORP47,672$13.1Mshares
MATXMATSON INC115,234$12.8Mshares
TPRTAPESTRY INC144,100$12.7Mshares
MOHMOLINA HEALTHCARE INC32,747$9.76Mshares
DXCDXC TECHNOLOGY CO635,203$9.71Mshares
PREMIER INCPREMIER INC398,967$8.75Mshares
OCOWENS CORNING NEW62,421$8.58Mshares
NWLNEWELL BRANDS INC1,459,797$7.88Mshares
DKSDICKS SPORTING GOODS INC34,257$6.78Mshares
KMXCARMAX INC100,065$6.73Mshares
TRMBTRIMBLE INC86,956$6.61Mshares
CNRCORE NATURAL RESOURCES INC91,875$6.41Mshares
VSXYVICTORIAS SECRET AND CO345,357$6.4Mshares
WYNNWYNN RESORTS LTD68,038$6.37Mshares
GBXGREENBRIER COS INC137,113$6.31Mshares
ACMAECOM48,735$5.5Mshares
CLCOLGATE PALMOLIVE CO57,660$5.24Mshares
ALSNALLISON TRANSMISSION HLDGS I52,105$4.95Mshares
NOGNORTHERN OIL & GAS INC173,873$4.93Mshares
SITIO ROYALTIES CORPSITIO ROYALTIES CORP249,052$4.58Mshares
LWLAMB WESTON HLDGS INC85,151$4.42Mshares
NFENEW FORTRESS ENERGY INC1,259,196$4.18Mshares
RHIROBERT HALF INC.98,281$4.03Mshares
GPKGRAPHIC PACKAGING HLDG CO184,575$3.89Mshares
AXTAAXALTA COATING SYS LTD128,960$3.83Mshares
FLRFLUOR CORP71,951$3.69Mshares
UFPIUFP INDUSTRIES INC35,993$3.58Mshares
XPXP INC155,170$3.13Mshares
SXCSUNCOKE ENERGY INC364,161$3.13Mshares
SCSSTEELCASE INC-CLASS A295,190$3.08Mshares
WUWESTERN UN CO365,490$3.08Mshares
BBWBUILD-A-BEAR WORKSHOP INC58,694$3.03Mshares
TLNTALEN ENERGY CORP10,123$2.94Mshares
ASIXADVANSIX INC116,740$2.77Mshares
WK KELLOGG COWK KELLOGG CO151,842$2.42Mshares
HTLDHEARTLAND EXPRESS INC271,390$2.34Mshares
PRAPROASSURANCE CORP96,330$2.2Mshares
NICNICOLET BANKSHARES INC17,269$2.13Mshares
KODKEASTMAN KODAK CO352,480$1.99Mshares
REYNREYNOLDS CONSUMER PRODS INC84,625$1.81Mshares
MLRMILLER INDS INC TENN39,640$1.76Mshares
COLBCOLUMBIA BKG SYS INC70,822$1.66Mshares
XPERXPERI INC198,700$1.57Mshares
MCSMARCUS CORP DEL86,640$1.46Mshares
AAMIACADIAN ASSET MANAGEMENT INC40,431$1.42Mshares
PACIFIC PREMIER BANCORP INCPACIFIC PREMIER BANCORP INC65,095$1.37Mshares
VERITEX HLDGS INCVERITEX HLDGS INC36,926$964Kshares
FBINFORTUNE BRANDS INNOVATIONS I17,425$897Kshares
MSBIMIDLAND STATES BANCORP INC46,977$814Kshares
BGBUNGE GLOBAL SA10,134$814Kshares
CRMTAMERICAS CAR-MART INC14,410$808Kshares
SRPTSAREPTA THERAPEUTICS INC24,203$414Kshares
DBDDIEBOLD NIXDORF INC4,834$268Kshares
MEIMETHODE ELECTRS INC13,170$125Kshares

How Q3 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 0000829108-25-000008 base2025-11-13acceptance time not in the bulk data set