TOWLE & CO

Registered adviser

CIK

1224014

Location

DENVER, CO

Portfolio Value

Small $294,622,235

Diversification

Diversified

Files via

Empowered Funds, LLC

Filing Date

Global Rank

#5,291 / 8,818 ▼ 11

Top Industry

Auto Parts 10.3%

3Y Alpha vs SPY

-10.5%

Period ended 4 months ago

Filed Aug 11, 2026 · 3mo

26 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

Registered adviser

Form ADV roster, Oct 1, 2026

Form ADV adviser

CRD 110862

Roster of Oct 1, 2026

Regulatory AUM

$473,654,492

Main clients

Diversified

Private funds

2 funds · Mixed

Focus by fund count, roster of Oct 1, 2026

$85,704,488 gross assets

Registered funds advised

1 series (0 index, 0 ETFs)

$86,710,751 net assets· N-CEN Sep 30, 2025

Private funds on Schedule D 7.B.(1)

As filed Oct 1, 2024; SEC's bulk Form ADV archive ends with 2024 filings.

$133,575,012 gross assets in 2 funds Other private funds $74,517,748 (1) Hedge funds $59,057,264 (1)

Form ADV history

Monthly rosters from Dec 2019; each row is a run with the same figures, newest first.

Rosters	Regulatory AUM	Main clients
Apr 2026 to Oct 2026	$473,654,492	Diversified
Apr 2025 to Mar 2026	$608,740,974	Diversified
Apr 2024 to Mar 2025	$879,341,384	Diversified
May 2023 to Mar 2024	$773,407,222	Diversified
Apr 2023	$773,407,222	Diversified
Apr 2022 to Mar 2023	$842,995,191	Diversified

3 earlier changes not shown.

Portfolio style

Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.

Style

Diversified active

Top 10 weight 30.1%, 44.3 effective positions, active share 97.6% against the S&P MidCap 400 as of 2026-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

99.4% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 5.0 quarters, but 2.0% of the book was already held when coverage starts

Closest benchmark: the S&P MidCap 400 as of 2026-06-30, active share 97.6%; sector active share 25.6% against the combined 13F book's sector weights.

Over time 26 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

59 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026

Top Position

4.2%

−0.5 pts

Top 5

16.7%

−1.7 pts

Top 10

30.1%

−3.2 pts

HHI

226

Diversified−23

Portfolio Trend

26 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2026

Sector	% Portfolio	Value	Positions
Technology	15.0%	$44,139,010	5
Consumer Cyclical	14.9%	$43,761,344	7
Industrials	13.6%	$40,101,905	6
Energy	10.3%	$30,351,566	5
Financial Services	9.8%	$28,960,520	7
Healthcare	9.2%	$27,218,238	4
Unclassified	9.2%	$27,163,894	17
Consumer Defensive	6.6%	$19,350,327	3
Basic Materials	5.8%	$16,979,725	3
Real Estate	3.2%	$9,367,680	1
Communication Services	2.5%	$7,228,026	1

Last Quarter's Activity

Export CSV

Jun 30, 2026 vs Mar 31, 2026

Added To

Positions the filer increased

18 positions

Ticker	Company	Δ Shares	Shares	Value
ASIX	AdvanSix Inc.	+234,976	249,091	$4,951,929
COMP	Compass, Inc.	+133,412	759,747	$9,367,680
TCV	Towle Value ETF	+31,528	89,163	$2,857,584
NSP	Insperity, Inc.	+30,361	210,239	$8,684,973
OSCR	Oscar Health, Inc.	+30,108	308,597	$8,801,186
IVLU	iShares MSCI Intl Value Factor ETF	+23,188	63,849	$2,670,165
EPS	WisdomTree U.S. LargeCap Fund	+23,110	61,916	$4,816,445
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	+16,267	46,958	$3,447,186
JPIE	JPMorgan Income ETF	+15,753	45,649	$2,102,136
IPKW	Invesco Ltd.	+12,286	32,748	$1,844,662
ILS	Brookmont Catastrophic Bond ETF	+11,483	26,512	$0
DLS	WisdomTree International SmallCap Dividend Fund	+10,499	27,955	$2,342,349
CGNG	Capital Group New Geography Equity ETF	+8,919	23,463	$878,923
BNDX	Vanguard Total International Bond ETF	+7,474	21,697	$1,050,785
DBMF	iMGP DBI Managed Futures Strategy ETF	+7,363	17,007	$520,584
RSP	Victory Portfolios II	+6,422	17,443	$3,711,347
AVLV	Avantis U.S. Large Cap Value ETF	+5,983	16,555	$1,509,981
MOH	Molina Healthcare, Inc.	+3,083	30,940	$7,075,978
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
PUMP	ProPetro Holding Corp.	−254,840	421,563	$6,045,213
PBF	PBF Energy Inc.	−121,344	127,651	$5,810,673
MEI	Methode Electronics Inc	−73,242	645,605	$12,247,126
UNFI	United Natural Foods Inc	−39,782	173,459	$7,921,872
ARCB	Arcbest Corp	−33,438	46,676	$6,699,873
CFFN	Capitol Federal Financial, Inc.	−28,349	447,891	$3,811,552
BWA	Borgwarner Inc	−27,482	109,871	$7,295,434
GOLD	Gold.com, Inc.	−24,766	180,781	$7,522,297
FOXF	Fox Factory Holding Corp	−20,451	311,129	$5,272,080
DLX	Deluxe Corp	−17,758	271,397	$6,480,960
NOV	NOV Inc.	−17,379	315,042	$5,844,029
LBRT	Liberty Energy Inc.	−17,370	249,281	$6,528,669
RYZ	Ryerson Holding Corp	−16,617	234,573	$5,772,841
ZUMZ	Zumiez Inc	−14,801	224,757	$4,000,674
EBC	Eastern Bankshares, Inc.	−9,735	150,525	$3,347,676
FLR	Fluor Corp	−8,356	113,372	$5,939,559
BUSE	First Busey Corp	−7,791	120,188	$3,545,546
MGA	Magna International Inc	−7,652	122,395	$8,036,455
PARR	Par Pacific Holdings, Inc.	−7,080	109,183	$6,122,982
LEA	Lear Corp	−3,339	52,784	$7,076,223
BG	Bunge Global SA	−3,040	50,715	$5,412,811
PB	Prosperity Bancshares Inc	−2,734	42,725	$3,120,206
IMKTA	Ingles Markets Inc	−2,538	67,912	$6,015,644
AMR	Alpha Metallurgical Resources, Inc.	−2,125	35,996	$5,937,180
SNX	Td Synnex Corp	−2,069	36,053	$9,638,409
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
SCHL	Scholastic Corp	157,131	$7,228,026
HOG	Harley-Davidson, Inc.	278,861	$6,820,940
INGM	Ingram Micro Holding Corp	239,422	$6,567,345
ATKR	Atkore Inc.	85,793	$6,523,699
FIVN	Five9, Inc.	304,623	$6,494,562
CLF	Cleveland-Cliffs Inc.	648,628	$6,090,616
APAM	Artisan Partners Asset Management Inc.	167,060	$5,768,581
ASTH	Astrana Health, Inc.	122,863	$5,702,071
PGNY	Progyny, Inc.	195,595	$5,639,003
PVH	Pvh Corp.	70,826	$5,259,538
BLOK	Amplify Blockchain Technology ETF	4,941	$309,454
ORR	Militia Long/Short Equity ETF	7,258	$263,610
—		4,874	$243,115
ICOP	iShares Copper and Metals Mining ETF	4,694	$231,085
—		8,547	$209,145
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
HOV	Hovnanian Enterprises Inc	61,581	$6,829,948
OSK	Oshkosh Corp	45,676	$6,723,963
BTU	Peabody Energy Corp	198,567	$6,542,782
—		602,592	$5,953,608
BXC	BlueLinx Holdings Inc.	104,587	$5,666,523
SCL	Stepan Co	105,940	$5,294,881
WNC	WABASH NATIONAL Corp	613,717	$5,290,240
ADNT	Adient plc	258,104	$5,216,281
HCSG	Healthcare Services Group Inc	216,138	$4,009,359
BLMN	Bloomin' Brands, Inc.	317,861	$1,716,449
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

59 tracked positions · $294,622,235 total · filing declares 59 positions · $295,143,758 · as of Jun 30, 2026

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

Showing 1–50 of 59 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MEI	Methode Electronics Inc Technology	Reduced	645,605	-73,242	$12,247,126	+208.6%	5	$7.33	4.16%
SNX	Td Synnex Corp Technology	Reduced	36,053	-2,069	$9,638,409	+49.9%	4	$148.36	3.27%
COMP	Compass, Inc. Real Estate	Added	759,747	+133,412	$9,367,680	+104.6%	2	$10.12	3.18%
ARW	Arrow Electronics, Inc. Technology	Reduced	43,070	-1,893	$9,191,568	+42.5%	2	$137.09	3.12%
OSCR	Oscar Health, Inc. Healthcare	Added	308,597	+30,108	$8,801,186	+175.5%	2	$14.81	2.99%
NSP	Insperity, Inc. Industrials	Added	210,239	+30,361	$8,684,973	+78.6%	2	$32.25	2.95%
MGA	Magna International Inc Consumer Cyclical	Reduced	122,395	-7,652	$8,036,455	+10.7%	9	$46.75	2.73%
UNFI	United Natural Foods Inc Consumer Defensive	Reduced	173,459	-39,782	$7,921,872	−17.6%	4	$27.42	2.69%
GOLD	Gold.com, Inc. Financial Services	Reduced	180,781	-24,766	$7,522,297	−8.7%	3	$28.56	2.55%
BWA	Borgwarner Inc Consumer Cyclical	Reduced	109,871	-27,482	$7,295,434	−2.1%	5	$38.90	2.48%
SCHL	Scholastic Corp Communication Services	NEW	157,131	NEW	$7,228,026	NEW	1	$41.06	2.45%
LEA	Lear Corp Consumer Cyclical	Reduced	52,784	-3,339	$7,076,223	+4.1%	11	$98.97	2.40%
MOH	Molina Healthcare, Inc. Healthcare	Added	30,940	+3,083	$7,075,978	+90.6%	2	$161.37	2.40%
HOG	Harley-Davidson, Inc. Consumer Cyclical	NEW	278,861	NEW	$6,820,940	NEW	1	$24.03	2.32%
ARCB	Arcbest Corp Industrials	Reduced	46,676	-33,438	$6,699,873	−15.0%	5	$65.12	2.27%
INGM	Ingram Micro Holding Corp Technology	NEW	239,422	NEW	$6,567,345	NEW	1	$28.09	2.23%
LBRT	Liberty Energy Inc. Energy	Reduced	249,281	-17,370	$6,528,669	−15.0%	22	$12.70	2.22%
ATKR	Atkore Inc. Industrials	NEW	85,793	NEW	$6,523,699	NEW	1	$75.34	2.21%
FIVN	Five9, Inc. Technology	NEW	304,623	NEW	$6,494,562	NEW	1	$19.74	2.20%
DLX	Deluxe Corp Industrials	Reduced	271,397	-17,758	$6,480,960	−18.6%	2	$26.15	2.20%
PARR	Par Pacific Holdings, Inc. Energy	Reduced	109,183	-7,080	$6,122,982	−15.9%	13	$21.88	2.08%
CLF	Cleveland-Cliffs Inc. Basic Materials	NEW	648,628	NEW	$6,090,616	NEW	1	$11.00	2.07%
PUMP	ProPetro Holding Corp. Energy	Reduced	421,563	-254,840	$6,045,213	−38.0%	22	$8.42	2.05%
IMKTA	Ingles Markets Inc Consumer Defensive	Reduced	67,912	-2,538	$6,015,644	−5.0%	2	$81.05	2.04%
FLR	Fluor Corp Industrials	Reduced	113,372	-8,356	$5,939,559	+4.6%	3	$44.24	2.02%
AMR	Alpha Metallurgical Resources, Inc. Basic Materials	Reduced	35,996	-2,125	$5,937,180	−24.1%	14	$142.61	2.02%
NOV	NOV Inc. Energy	Reduced	315,042	-17,379	$5,844,029	−6.5%	2	$18.78	1.98%
PBF	PBF Energy Inc. Energy	Reduced	127,651	-121,344	$5,810,673	−51.0%	16	$31.63	1.97%
RYZ	Ryerson Holding Corp Industrials	Reduced	234,573	-16,617	$5,772,841	+2.2%	26+	before history	1.96%
APAM	Artisan Partners Asset Management Inc. Financial Services	NEW	167,060	NEW	$5,768,581	NEW	1	$36.78	1.96%
ASTH	Astrana Health, Inc. Healthcare	NEW	122,863	NEW	$5,702,071	NEW	1	$35.99	1.94%
PGNY	Progyny, Inc. Healthcare	NEW	195,595	NEW	$5,639,003	NEW	1	$22.34	1.91%
BG	Bunge Global SA Consumer Defensive	Reduced	50,715	-3,040	$5,412,811	−20.8%	10	$76.67	1.84%
FOXF	Fox Factory Holding Corp Consumer Cyclical	Reduced	311,129	-20,451	$5,272,080	−3.4%	3	$19.06	1.79%
PVH	Pvh Corp. Consumer Cyclical	NEW	70,826	NEW	$5,259,538	NEW	1	$85.61	1.79%
ASIX	AdvanSix Inc. Basic Materials	Added	249,091	+234,976	$4,951,929	+1337.8%	2	$22.31	1.68%
EPS	WisdomTree U.S. LargeCap Fund	Added	61,916	+23,110	$4,816,445	+82.2%	2	unpriced	1.63%
ZUMZ	Zumiez Inc Consumer Cyclical	Reduced	224,757	-14,801	$4,000,674	−24.6%	12	$17.36	1.36%
CFFN	Capitol Federal Financial, Inc. Financial Services	Reduced	447,891	-28,349	$3,811,552	+12.3%	2	$7.12	1.29%
RSP	Victory Portfolios II	Added	17,443	+6,422	$3,711,347	+75.5%	2	$200.56	1.26%
BUSE	First Busey Corp Financial Services	Reduced	120,188	-7,791	$3,545,546	+9.6%	3	$23.52	1.20%
BND	VANGUARD TOTAL BOND MARKET INDEX FUND	Added	46,958	+16,267	$3,447,186	+52.5%	2	$73.91	1.17%
EBC	Eastern Bankshares, Inc. Financial Services	Reduced	150,525	-9,735	$3,347,676	+6.8%	3	$18.31	1.14%
PB	Prosperity Bancshares Inc Financial Services	Reduced	42,725	-2,734	$3,120,206	+2.2%	3	$67.47	1.06%
TCV	Towle Value ETF	Added	89,163	+31,528	$2,857,584	+78.8%	2	$29.28	0.97%
IVLU	iShares MSCI Intl Value Factor ETF	Added	63,849	+23,188	$2,670,165	+65.5%	2	unpriced	0.91%
DLS	WisdomTree International SmallCap Dividend Fund	Added	27,955	+10,499	$2,342,349	+64.6%	2	unpriced	0.80%
JPIE	JPMorgan Income ETF	Added	45,649	+15,753	$2,102,136	+52.6%	2	$46.20	0.71%
IPKW	Invesco Ltd. Financial Services	Added	32,748	+12,286	$1,844,662	+60.2%	2	$57.61	0.63%
AVLV	Avantis U.S. Large Cap Value ETF	Added	16,555	+5,983	$1,509,981	+77.2%	2	$83.54	0.51%

Showing the top 50 of 59 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.