AJO, LP

CIK

1013536

Location

PHILADELPHIA, PA

Portfolio Value

Small $182,827,064

Diversification

Diversified

Filing Date

Global Rank

#4,185 / 6,038 ▼ 2598 · as of Mar 2021

Top Industry

Rental & Leasing Services 13.2%

Period ended 5 years ago

Filed May 7, 2021 · 5y

5 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Mar 31, 2021, never from the firm's own description.

Style

Diversified active

Top 10 weight 51.6%, 25.2 effective positions, active share 97.7% against the S&P MidCap 400 as of 2021-03-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

59.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 3.7 quarters, but 21.0% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2021-03-31, active share 97.7%; sector active share 42.7% against the combined 13F book's sector weights.

Over time 5 measured quarters

How the bands are measured

Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.

Clone Performance

Build a hypothetical price-return history from this filer's public 13F holdings.

View clone backtest

Portfolio Concentration

40 tracked positions · as of Mar 31, 2021 · Δ vs Dec 31, 2020

Top Position

6.4%

+4.3 pts

Top 5

27.9%

+18.5 pts

Top 10

51.6%

+34.4 pts

HHI

397

Diversified+310

Portfolio Trend

5 quarters · across all stocks

Sector Breakdown

As of Mar 31, 2021

Sector	% Portfolio	Value	Positions
Consumer Cyclical	22.1%	$40,332,532	7
Industrials	19.4%	$35,464,479	8
Technology	15.0%	$27,457,348	5
Energy	11.3%	$20,739,743	5
Communication Services	9.3%	$17,011,480	3
Unclassified	8.6%	$15,660,000	7
Healthcare	5.4%	$9,798,256	1
Utilities	5.0%	$9,089,818	1
Basic Materials	3.8%	$6,887,270	2
Consumer Defensive	0.2%	$386,138	1

Last Quarter's Activity

Export CSV

Mar 31, 2021 vs Dec 31, 2020

Added To

Positions the filer increased

7 positions

Ticker	Company	Δ Shares	Shares	Value
VST	Vistra Corp.	+431,400	514,130	$9,089,818
—		+108,346	146,685	$8,865,000
QRTEA	QVC Group, Inc.	+35,299	719,798	$8,464,000
SNX	Td Synnex Corp	+35,220	57,155	$6,563,680
LUMN	Lumen Technologies, Inc.	+23,053	746,637	$9,967,603
EQT	EQT Corp	+2,242	106,802	$1,984,381
CYD	China Yuchai International Ltd	+1,892	28,598	$442,697
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HPQ	Hp Inc	−502,397	99,998	$3,174,936
PUMP	ProPetro Holding Corp.	−136,674	697,271	$7,432,908
TDS	Telephone & Data Systems Inc	−98,176	267,429	$6,140,169
AA	Alcoa Corp	−82,769	62,597	$2,033,776
HCC	Warrior Met Coal, Inc.	−68,932	283,333	$4,853,494
R	Ryder System Inc	−36,589	129,525	$9,798,566
—		−32,738	36,870	$1,533,000
PTEN	Patterson Uti Energy Inc	−31,694	422,735	$3,014,100
F	Ford Motor Co	−29,683	794,161	$9,728,472
HRI	Herc Holdings Inc	−23,295	35,986	$3,646,461
MUR	Murphy Oil Corp	−17,915	360,481	$5,915,493
XRX	Xerox Holdings Corp	−15,723	219,663	$5,331,221
DNOW	DNOW Inc.	−15,715	316,219	$3,190,649
DXC	DXC Technology Co	−13,206	265,745	$8,307,188
SIG	Signet Jewelers Ltd	−9,757	117,069	$6,787,660
THC	Tenet Healthcare Corp	−9,364	188,428	$9,798,256
KSS	KOHLS Corp	−8,492	32,651	$1,946,326
ATRO	Astronics Corp	−8,114	163,276	$2,820,899
CMTL	Comtech Telecommunications Corp	−7,454	45,852	$1,138,963
CAR	Avis Budget Group, Inc.	−7,415	118,691	$8,609,845
DCH	Dauch Corp	−6,453	129,842	$1,254,273
GT	Goodyear Tire & Rubber Co	−5,758	666,426	$11,709,104
KSA	iShares MSCI Saudi Arabia ETF	−5,429	138,226	$0
—		−3,688	74,210	$2,742,000
—		−1,977	39,783	$1,455,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
DHT	DHT Holdings, Inc.	403,518	$2,392,861
DAC	Danaos Corp	38,576	$1,913,755
AGRO	Adecoagro S.A.	49,127	$386,138
SBLK	Star Bulk Carriers Corp.	10,428	$153,083
INDA	iShares MSCI India ETF	4,746	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
VZ	Verizon Communications Inc	339,156	$19,925,415
GOOGL	Alphabet Inc.	11,324	$19,846,895
C	Citigroup Inc	277,200	$17,092,152
XOM	ExxonMobil Holdings Corp	409,123	$16,864,050
JNJ	Johnson & Johnson	98,046	$15,430,479
MS	Morgan Stanley	225,153	$15,429,735
HD	Home Depot, Inc.	57,713	$15,329,727
MU	Micron Technology Inc	190,058	$14,288,560
GS	Goldman Sachs Group Inc	52,276	$13,785,703
BRK-B	Berkshire Hathaway Inc	56,235	$13,039,209
—		138,218	$12,833,000
PM	Philip Morris International Inc.	152,083	$12,590,951
—		85,095	$12,219,642
SYF	Synchrony Financial	343,244	$11,913,999
BNY	Bank of New York Mellon Corp	273,061	$11,588,708
ALXN	Vanda Pharmaceuticals Inc.	72,421	$11,315,000
ORCL	Oracle Corp	171,427	$11,089,612
ALLY	Ally Financial Inc.	294,881	$10,515,456
MDT	Medtronic plc	88,609	$10,379,658
CMI	Cummins Inc	44,813	$10,177,032
AMAT	Applied Materials Inc	115,957	$10,007,089
MSFT	Microsoft Corp	44,525	$9,903,250
MCK	Mckesson Corp	56,402	$9,809,435
STLD	Steel Dynamics Inc	264,609	$9,756,133
EBAY	Ebay Inc	192,897	$9,693,074
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

40 tracked positions · $182,827,064 total · filing declares 48 positions · $199,496,000 · as of Mar 31, 2021

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
GT	Goodyear Tire & Rubber Co Consumer Cyclical	Reduced	666,426	-5,758	$11,709,104	+59.7%	4	$7.65	6.40%
LUMN	Lumen Technologies, Inc. Communication Services	Added	746,637	+23,053	$9,967,603	+41.3%	2	$9.95	5.45%
R	Ryder System Inc Industrials	Reduced	129,525	-36,589	$9,798,566	−4.5%	4	$37.72	5.36%
THC	Tenet Healthcare Corp Healthcare	Reduced	188,428	-9,364	$9,798,256	+24.1%	5+	before history	5.36%
F	Ford Motor Co Consumer Cyclical	Reduced	794,161	-29,683	$9,728,472	+34.3%	4	$5.54	5.32%
VST	Vistra Corp. Utilities	Added	514,130	+431,400	$9,089,818	+458.9%	2	$19.67	4.97%
		Added	146,685	+108,346	$8,865,000	+324.0%	2	unpriced	4.85%
CAR	Avis Budget Group, Inc. Industrials	Reduced	118,691	-7,415	$8,609,845	+83.0%	4	$19.03	4.71%
QRTEA	QVC Group, Inc. Consumer Cyclical	Added	719,798	+35,299	$8,464,000	+12.7%	4	unpriced	4.63%
DXC	DXC Technology Co Technology	Reduced	265,745	-13,206	$8,307,188	+15.7%	4	$16.19	4.54%
HPE	Hewlett Packard Enterprise Co Technology	Reduced	525,577	-277	$8,272,581	+32.8%	4	$9.81	4.52%
PUMP	ProPetro Holding Corp. Energy	Reduced	697,271	-136,674	$7,432,908	+20.6%	4	$5.00	4.07%
SIG	Signet Jewelers Ltd Consumer Cyclical	Reduced	117,069	-9,757	$6,787,660	+96.3%	5+	before history	3.71%
SNX	Td Synnex Corp Technology	Added	57,155	+35,220	$6,563,680	+267.4%	2	unpriced	3.59%
TDS	Telephone & Data Systems Inc Communication Services	Reduced	267,429	-98,176	$6,140,169	−9.6%	5+	before history	3.36%
MUR	Murphy Oil Corp Energy	Reduced	360,481	-17,915	$5,915,493	+29.2%	4	$11.49	3.24%
XRX	Xerox Holdings Corp Industrials	Reduced	219,663	-15,723	$5,331,221	−2.3%	5+	before history	2.92%
HCC	Warrior Met Coal, Inc. Basic Materials	Reduced	283,333	-68,932	$4,853,494	−35.4%	5+	before history	2.65%
HRI	Herc Holdings Inc Industrials	Reduced	35,986	-23,295	$3,646,461	−7.4%	4	$25.62	1.99%
DNOW	DNOW Inc. Industrials	Reduced	316,219	-15,715	$3,190,649	+33.9%	2	$5.63	1.75%
HPQ	Hp Inc Technology	Reduced	99,998	-502,397	$3,174,936	−78.6%	5+	before history	1.74%
PTEN	Patterson Uti Energy Inc Energy	Reduced	422,735	-31,694	$3,014,100	+26.1%	4	$3.45	1.65%
ATRO	Astronics Corp Industrials	Reduced	163,276	-8,114	$2,820,899	+29.9%	4	$8.97	1.54%
		Reduced	74,210	-3,688	$2,742,000	+11.2%	4	unpriced	1.50%
DHT	DHT Holdings, Inc. Energy	NEW	403,518	NEW	$2,392,861	NEW	1	$5.81	1.31%
AA	Alcoa Corp Basic Materials	Reduced	62,597	-82,769	$2,033,776	−39.3%	4	$8.94	1.11%
EQT	EQT Corp Energy	Added	106,802	+2,242	$1,984,381	+49.3%	2	$14.47	1.09%
KSS	KOHLS Corp Consumer Cyclical	Reduced	32,651	-8,492	$1,946,326	+16.3%	5+	before history	1.06%
DAC	Danaos Corp Industrials	NEW	38,576	NEW	$1,913,755	NEW	1	$37.42	1.05%
		Reduced	36,870	-32,738	$1,533,000	−49.7%	4	unpriced	0.84%
		Reduced	39,783	-1,977	$1,455,000	+25.4%	4	unpriced	0.80%
DCH	Dauch Corp Consumer Cyclical	Reduced	129,842	-6,453	$1,254,273	+10.3%	4	$5.77	0.69%
CMTL	Comtech Telecommunications Corp Technology	Reduced	45,852	-7,454	$1,138,963	+3.3%	4	$16.90	0.62%
		Reduced	31,566	-1,569	$1,065,000	+7.0%	4	unpriced	0.58%
YELP	Yelp Inc Communication Services	Reduced	23,172	-1,152	$903,708	+13.7%	4	$21.79	0.49%
CYD	China Yuchai International Ltd Consumer Cyclical	Added	28,598	+1,892	$442,697	+1.4%	5+	before history	0.24%
AGRO	Adecoagro S.A. Consumer Defensive	NEW	49,127	NEW	$386,138	NEW	1	$8.06	0.21%
SBLK	Star Bulk Carriers Corp. Industrials	NEW	10,428	NEW	$153,083	NEW	1	$12.91	0.08%
INDA	iShares MSCI India ETF	NEW	4,746	NEW	$0	NEW	1	unpriced	0.00%
KSA	iShares MSCI Saudi Arabia ETF	Reduced	138,226	-5,429	$0	—	5+	before history	0.00%

Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.