FULLER & THALER ASSET MANAGEMENT, INC.

CIK

1082327

Location

SAN MATEO, CA

Portfolio Value

Large $28,138,049,425

Diversification

Diversified

Filing Date

Global Rank

#219 / 7,976 ▼ 5

Top Industry

Banks - Regional 10.5%

3Y Alpha vs SPY

-1.9%

Period ended 9 months ago

Filed Nov 14, 2025 · 7mo

23 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+68.1%

SPY

+76.3%

Annualised alpha

-1.9%

Max drawdown

−24.9%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

474 positions · as of Sep 30, 2025 · Δ vs Jun 30, 2025

Top Position

1.7%

−0.5 pts

Top 5

7.5%

−1.0 pts

Top 10

13.8%

−1.0 pts

HHI

Diversified−2

Portfolio Trend

23 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2025

Sector	% Portfolio	Value	Positions
Industrials	21.8%	$6,141,464,595	74
Financial Services	16.9%	$4,744,864,904	66
Consumer Cyclical	16.0%	$4,502,431,741	75
Technology	15.3%	$4,296,720,984	84
Healthcare	11.7%	$3,283,811,122	60
Real Estate	4.2%	$1,189,277,833	22
Basic Materials	3.3%	$923,108,042	19
Energy	3.1%	$870,212,452	19
Utilities	3.0%	$851,651,919	15
Consumer Defensive	2.8%	$796,662,782	25
Communication Services	1.7%	$467,729,130	14
Unclassified	0.2%	$70,113,921	1

Last Quarter's Activity

Export CSV

Sep 30, 2025 vs Jun 30, 2025

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
COLD	Americold Realty Trust	+8,486,783	17,758,633	$217,365,667
PRMB	Primo Brands Corp	+4,988,156	4,992,647	$110,337,498
ZETA	Zeta Global Holdings Corp.	+3,706,803	3,708,646	$73,690,796
BBT	Beacon Financial Corp	+2,547,876	5,282,016	$125,236,599
LKQ	Lkq Corp	+2,173,313	6,813,720	$208,091,008
G	Genpact LTD	+2,145,366	2,147,293	$89,950,103
DOC	Healthpeak Properties, Inc.	+1,735,740	24,872,204	$476,302,706
OPCH	Option Care Health, Inc.	+1,605,722	6,206,742	$172,299,157
BNL	Broadstone Net Lease, Inc.	+1,150,744	3,464,497	$61,910,561
PRIM	Primoris Services Corp	+772,162	3,055,639	$419,630,903
GPK	Graphic Packaging Holding Co	+710,945	18,730,407	$366,554,064
MTCH	Match Group, Inc.	+700,453	6,638,160	$234,459,811
AXTA	Axalta Coating Systems Ltd.	+686,593	5,907,711	$169,078,688
FOUR	Shift4 Payments, Inc.	+676,281	1,346,957	$104,254,471
RYN	Rayonier Inc	+651,879	1,699,930	$45,116,142
BWA	Borgwarner Inc	+623,814	2,857,221	$125,603,435
ELF	e.l.f. Beauty, Inc.	+608,704	609,079	$80,690,785
MSM	Msc Industrial Direct Co Inc	+596,571	1,608,876	$148,241,834
REYN	Reynolds Consumer Products Inc.	+548,728	6,378,360	$156,078,469
FTDR	Frontdoor, Inc.	+504,090	3,582,757	$241,083,718
SKYW	Skywest Inc	+481,542	929,548	$93,531,119
CE	Celanese Corp	+385,161	3,536,390	$148,811,291
XRAY	DENTSPLY SIRONA Inc.	+384,247	12,777,769	$162,149,888
AIZ	Assurant, Inc.	+340,754	647,857	$140,325,826
DINO	HF Sinclair Corp	+256,970	2,501,241	$130,914,953
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
KEY	Keycorp /New/	−8,341,403	25,047,212	$468,132,392
CFG	Citizens Financial Group Inc/Ri	−3,993,951	6,798,187	$361,391,620
MAT	Mattel Inc /De/	−3,970,820	3,204,035	$53,923,909
MOS	Mosaic Co	−2,217,861	6,348	$220,148
FLO	Flowers Foods Inc	−2,170,109	10,720,985	$139,908,854
BBWI	Bath & Body Works, Inc.	−2,037,452	2,344,702	$60,399,523
REZI	Resideo Technologies, Inc.	−1,947,246	6,291,756	$271,678,024
TGNA	TEGNA INC	−1,606,254	3,448,791	$70,113,921
SMPL	Simply Good Foods Co	−976,754	1,921,790	$47,698,827
GFF	Griffon Corp	−969,480	709,235	$54,008,245
CLDT	Chatham Lodging Trust	−925,407	1,749,432	$11,738,688
CROX	Crocs, Inc.	−896,123	508,024	$42,445,405
VCTR	Victory Capital Holdings, Inc.	−879,690	366,692	$23,746,973
FNB	Fnb Corp/Pa/	−872,218	23,317,037	$375,637,466
SON	Sonoco Products Co	−865,637	1,021,512	$44,016,952
TNK	Teekay Tankers Ltd.	−843,899	321,872	$16,270,629
KTOS	Kratos Defense & Security Solutions, Inc.	−631,265	2,357,024	$215,361,282
AAP	Advance Auto Parts Inc	−607,783	3,003,100	$184,390,340
BE	Bloom Energy Corp	−589,044	3,347,729	$283,117,441
CRS	Carpenter Technology Corp	−564,369	2,301	$564,987
UPBD	Upbound Group, Inc.	−521,666	384,052	$9,075,148
UGI	Ugi Corp /Pa/	−462,867	6,372,447	$211,947,587
EXEL	Exelixis, Inc.	−454,778	8,320,794	$343,648,792
LZB	La-Z-Boy Inc	−429,017	611,639	$20,991,450
MWA	Mueller Water Products, Inc.	−416,403	5,103,083	$130,230,678
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
FIVE	Five Below, Inc	508,187	$78,616,528
VRNS	Varonis Systems Inc	1,286,079	$73,910,960
VSAT	Viasat Inc	2,492,626	$73,033,941
ZWS	Zurn Elkay Water Solutions Corp	1,528,450	$71,883,003
TFX	Teleflex Inc	574,469	$70,292,026
VISN	Vistance Networks, Inc.	4,467,605	$69,158,525
WK	Workiva Inc	802,051	$69,040,550
RRR	Red Rock Resorts, Inc.	1,124,555	$68,665,328
BIO	Bio-Rad Laboratories, Inc.	237,903	$66,705,622
RDNT	RadNet, Inc.	705,659	$53,778,272
ACIW	Aci Worldwide, Inc.	954,809	$50,385,270
AIR	Aar Corp	550,205	$49,336,882
PTON	Peloton Interactive, Inc.	5,433,817	$48,904,353
AMSC	American Superconductor Corp /De/	809,945	$48,102,633
RSI	Rush Street Interactive, Inc.	2,324,292	$47,601,500
AEO	American Eagle Outfitters Inc	2,702,782	$46,244,600
PRGO	PERRIGO Co plc	1,996,683	$44,466,130
TILE	Interface Inc	858,527	$24,845,771
BBW	Build-A-Bear Workshop Inc	220,538	$14,381,282
GOOGL	Alphabet Inc.	11,414	$2,774,743
COST	Costco Wholesale Corp /New	1,039	$961,729
PLUG	Plug Power Inc	312,200	$727,426
EZPW	Ezcorp Inc	28,180	$536,547
SONO	Sonos Inc	33,425	$528,115
LASR	Nlight, Inc.	16,820	$498,376
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
ATI	Ati Inc	911,108	$78,665,064
RRX	Regal Rexnord Corp	459,824	$66,656,087
OVV	Ovintiv Inc.	1,421,298	$54,080,388
GTLB	Gitlab Inc.	1,140,540	$51,449,759
CWH	Camping World Holdings, Inc.	2,989,607	$51,391,344
CWAN	Clearwater Analytics Holdings, Inc.	2,336,475	$51,238,896
EPC	EDGEWELL PERSONAL CARE Co	1,941,593	$45,452,692
AAON	Aaon, Inc.	595,091	$43,887,961
CRK	Comstock Resources Inc	1,437,407	$39,773,051
ASO	Academy Sports & Outdoors, Inc.	521,113	$23,351,073
JELD	JELD-WEN Holding, Inc.	4,769,205	$18,695,283
CXT	Crane NXT, Co.	337,988	$18,217,553
FTNT	Fortinet, Inc.	170,470	$18,022,088
MAGN	Magnera Corp	1,317,215	$15,911,957
AMR	Alpha Metallurgical Resources, Inc.	136,745	$15,381,077
INSW	International Seaways, Inc.	407,452	$14,863,848
DCH	Dauch Corp	3,251,273	$13,265,193
HY	Hyster-Yale, Inc.	216,774	$8,623,269
CRI	Carters Inc	265,272	$7,992,645
CCK	Crown Holdings, Inc.	69,673	$7,174,925
HUN	Huntsman CORP	433,489	$4,516,955
VSTS	Vestis Corp	156,734	$898,085
TSSI	TSS, Inc.	26,885	$775,094
CSL	Carlisle Companies Inc	2,057	$768,083
PBI	Pitney Bowes Inc /De/	49,390	$538,844
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

474 positions · $28,138,049,425 total · as of Sep 30, 2025

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

Showing 1–50 of 474 positions by value · page 1 of 10

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
DOC	Healthpeak Properties, Inc. Real Estate	Added	24,872,204	+1,735,740	$476,302,706	+17.6%	1.69%
KEY	Keycorp /New/ Financial Services	Reduced	25,047,212	-8,341,403	$468,132,392	−19.5%	1.66%
PRIM	Primoris Services Corp Industrials	Added	3,055,639	+772,162	$419,630,903	+135.8%	1.49%
ONB	Old National Bancorp /In/ Financial Services	Added	17,323,267	+208,731	$380,245,710	+4.1%	1.35%
FNB	Fnb Corp/Pa/ Financial Services	Reduced	23,317,037	-872,218	$375,637,466	+6.5%	1.33%
STRL	Sterling Infrastructure, Inc. Industrials	Reduced	1,104,488	-339,897	$375,172,483	+12.6%	1.33%
GPK	Graphic Packaging Holding Co Consumer Cyclical	Added	18,730,407	+710,945	$366,554,064	−3.5%	1.30%
CFG	Citizens Financial Group Inc/Ri Financial Services	Reduced	6,798,187	-3,993,951	$361,391,620	−25.2%	1.28%
EXEL	Exelixis, Inc. Healthcare	Reduced	8,320,794	-454,778	$343,648,792	−11.2%	1.22%
FIX	Comfort Systems USA Inc Industrials	Reduced	370,623	-162,508	$305,830,687	+7.0%	1.09%
AGCO	Agco Corp /De Industrials	Reduced	2,788,251	-96,008	$298,538,034	+0.3%	1.06%
BE	Bloom Energy Corp Industrials	Reduced	3,347,729	-589,044	$283,117,441	+200.7%	1.01%
EME	EMCOR Group, Inc. Industrials	Reduced	420,062	-100,540	$272,847,071	−2.0%	0.97%
REZI	Resideo Technologies, Inc. Industrials	Reduced	6,291,756	-1,947,246	$271,678,024	+49.5%	0.97%
DVN	Devon Energy Corp/De Energy	Reduced	7,520,624	-145,564	$263,673,077	+8.1%	0.94%
EHC	Encompass Health Corp Healthcare	Added	2,062,014	+238,214	$261,917,018	+17.1%	0.93%
ALSN	Allison Transmission Holdings Inc Consumer Cyclical	Reduced	2,847,295	-84,755	$241,678,399	−13.2%	0.86%
FTDR	Frontdoor, Inc. Consumer Cyclical	Added	3,582,757	+504,090	$241,083,718	+32.9%	0.86%
CMC	COMMERCIAL METALS Co Industrials	Reduced	4,168,888	-104,084	$238,793,904	+14.3%	0.85%
MTCH	Match Group, Inc. Communication Services	Added	6,638,160	+700,453	$234,459,811	+27.8%	0.83%
POR	Portland General Electric Co /Or/ Utilities	Reduced	5,097,180	-11,311	$224,275,920	+8.1%	0.80%
COLD	Americold Realty Trust Real Estate	Added	17,758,633	+8,486,783	$217,365,667	+41.0%	0.77%
SAIC	Science Applications International Corp Technology	Added	2,185,655	+3,539	$217,188,537	−11.6%	0.77%
KTOS	Kratos Defense & Security Solutions, Inc. Industrials	Reduced	2,357,024	-631,265	$215,361,282	+55.2%	0.77%
JAZZ	Jazz Pharmaceuticals plc Healthcare	Reduced	1,626,136	-2,823	$214,324,724	+24.0%	0.76%
UGI	Ugi Corp /Pa/ Utilities	Reduced	6,372,447	-462,867	$211,947,587	−14.9%	0.75%
LKQ	Lkq Corp Consumer Cyclical	Added	6,813,720	+2,173,313	$208,091,008	+21.2%	0.74%
BCO	Brinks Co Industrials	Reduced	1,776,958	-13,444	$207,655,311	+29.9%	0.74%
HRB	H&R Block Inc Consumer Cyclical	Reduced	4,093,908	-338,764	$207,028,927	−14.9%	0.74%
LITE	Lumentum Holdings Inc. Technology	Added	1,263,232	+29,588	$205,540,478	+75.3%	0.73%
ST	Sensata Technologies Holding plc Technology	Reduced	6,609,800	-172,406	$201,929,390	−1.1%	0.72%
AWI	Armstrong World Industries Inc Industrials	Reduced	1,024,655	-165,062	$200,842,626	+3.9%	0.71%
CRUS	Cirrus Logic, Inc. Technology	Added	1,567,248	+116,498	$196,360,501	+29.8%	0.70%
KMPR	KEMPER Corp Financial Services	Added	3,793,580	+224,464	$195,559,049	−15.1%	0.69%
ENSG	Ensign Group, Inc Healthcare	Reduced	1,111,471	-88,708	$192,028,844	+3.7%	0.68%
GVA	Granite Construction Inc Industrials	Reduced	1,728,456	-67,699	$189,525,200	+12.8%	0.67%
GNTX	Gentex Corp Consumer Cyclical	Reduced	6,581,273	-208,049	$186,250,025	+24.8%	0.66%
AAP	Advance Auto Parts Inc Consumer Cyclical	Reduced	3,003,100	-607,783	$184,390,340	+9.8%	0.66%
THG	Hanover Insurance Group, Inc. Financial Services	Added	956,455	+53,808	$173,720,921	+13.3%	0.62%
OPCH	Option Care Health, Inc. Healthcare	Added	6,206,742	+1,605,722	$172,299,157	+15.3%	0.61%
KRG	Kite Realty Group Trust Real Estate	Reduced	7,689,476	-18,522	$171,475,314	−1.8%	0.61%
NXST	Nexstar Media Group, Inc. Communication Services	Added	865,219	+59,849	$171,088,405	+22.8%	0.61%
AXTA	Axalta Coating Systems Ltd. Basic Materials	Added	5,907,711	+686,593	$169,078,688	+9.1%	0.60%
CBT	Cabot Corp Basic Materials	Added	2,218,709	+49,526	$168,732,819	+3.7%	0.60%
CNO	CNO Financial Group, Inc. Financial Services	Reduced	4,263,124	-11,149	$168,606,554	+2.2%	0.60%
TEX	Terex Corp Industrials	Reduced	3,244,855	-7,598	$166,461,061	+9.6%	0.59%
ICUI	Icu Medical Inc/De Healthcare	Reduced	1,385,155	-4,811	$166,163,193	−9.5%	0.59%
AYI	Acuity Inc. (De) Industrials	Reduced	476,678	-85,061	$164,163,136	−2.0%	0.58%
XRAY	DENTSPLY SIRONA Inc. Healthcare	Added	12,777,769	+384,247	$162,149,888	−17.6%	0.58%
OLN	OLIN Corp Basic Materials	Added	6,464,161	+14,272	$161,539,383	+24.7%	0.57%