Hillcrest Asset Management LLC

CIK

1415345

Location

PLANO, TX

Portfolio Value

Small $506,168,177

Diversification

Diversified

Filing Date

Global Rank

#2,069 / 6,772 ▼ 188

Top Industry

Banks - Regional 8.9%

3Y Alpha vs SPY

-3.4%

Period ended 4 years ago

Filed Feb 24, 2022 · 4y

8 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

+61.7%

SPY

+76.3%

Annualised alpha

-3.4%

Max drawdown

−27.9%

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

48 positions · as of Dec 31, 2021 · Δ vs Sep 30, 2021

Top Position

3.2%

−0.4 pts

Top 5

15.0%

−0.5 pts

Top 10

28.6%

−0.3 pts

HHI

223

Diversified−5

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Financial Services	21.9%	$110,698,113	10
Consumer Cyclical	17.1%	$86,628,460	9
Industrials	17.0%	$86,301,637	8
Real Estate	11.1%	$56,162,422	5
Healthcare	9.5%	$48,314,352	5
Technology	6.3%	$32,050,348	3
Basic Materials	5.5%	$27,804,953	2
Utilities	5.1%	$25,879,808	3
Consumer Defensive	3.0%	$15,285,362	1
Communication Services	2.1%	$10,582,931	1
Energy	1.3%	$6,459,791	1

Last Quarter's Activity

Export CSV

Dec 31, 2021 vs Sep 30, 2021

Added To

Positions the filer increased

1 positions

Ticker	Company	Δ Shares	Shares	Value	Open
PRG	PROG Holdings, Inc.	+35,618	235,212	$10,610,413
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
BDN	Brandywine Realty Trust	−106,750	729,119	$9,784,776
PDM	Piedmont Realty Trust, Inc.	−97,100	665,552	$12,232,845
SF	Stifel Financial Corp	−86,213	173,561	$8,148,116
GPK	Graphic Packaging Holding Co	−81,410	557,635	$10,873,882
CTRE	CareTrust REIT, Inc.	−80,380	552,877	$12,622,181
GTN	Gray Media, Inc	−76,540	524,947	$10,582,931
DIOD	Diodes Inc /Del/	−74,087	124,173	$13,635,437
SEM	Select Medical Holdings Corp	−66,560	455,999	$7,223,252
GFF	Griffon Corp	−62,410	427,737	$12,181,949
CDP	Copt Defense Properties	−60,130	412,744	$11,544,449
HTH	Hilltop Holdings Inc.	−59,190	402,832	$14,155,516
GRBK	Green Brick Partners, Inc.	−58,060	399,175	$12,106,977
AMN	Amn Healthcare Services Inc	−56,229	118,828	$14,536,229
PRIM	Primoris Services Corp	−52,540	361,328	$8,664,645
CC	Chemours Co	−49,720	339,946	$11,408,587
NMIH	NMI Holdings, Inc.	−46,830	320,517	$7,003,296
SGI	Somnigroup International Inc.	−37,937	260,549	$12,253,619
CATY	Cathay General Bancorp	−37,280	254,788	$10,953,336
WKC	World Kinect Corp	−35,500	244,042	$6,459,791
GIII	G III Apparel Group Ltd /De/	−31,450	214,835	$5,938,039
ABCB	Ameris Bancorp	−30,950	211,885	$10,526,446
NBHC	National Bank Holdings Corp	−30,210	208,313	$9,153,273
POR	Portland General Electric Co /Or/	−29,380	201,283	$10,651,896
LZB	La-Z-Boy Inc	−29,280	199,560	$7,246,023
WERN	Werner Enterprises Inc	−29,060	199,554	$9,510,743
No positions match the current search.

New Positions

Positions the filer opened this quarter

5 positions

Ticker	Company	Shares	Value
FN	Fabrinet	128,251	$15,193,895
AIR	Aar Corp	329,182	$12,847,973
STC	Stewart Information Services Corp	152,724	$12,176,684
EPR	Epr Properties	210,111	$9,978,171
AHCO	AdaptHealth Corp.	365,467	$8,939,322
No positions match the current search.

Sold Out

Positions the filer fully exited

4 positions

Ticker	Company	Shares	Value
FSS	Federal Signal Corp /De/	380,827	$14,707,538
BLDR	Builders FirstSource, Inc.	265,829	$13,753,992
MCY	Mercury General Corp	216,120	$12,031,400
SBCF	Seacoast Banking Corp Of Florida	270,930	$9,160,143
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

48 positions · $506,168,177 total · as of Dec 31, 2021

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

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
UFPI	Ufp Industries Inc Basic Materials	Reduced	178,202	-26,060	$16,396,366	+18.1%	3.24%
SPB	Spectrum Brands Holdings, Inc. Consumer Defensive	Reduced	150,269	-21,910	$15,285,362	−7.2%	3.02%
FN	Fabrinet Technology	NEW	128,251	NEW	$15,193,895	NEW	3.00%
EME	EMCOR Group, Inc. Industrials	Reduced	114,892	-16,720	$14,636,091	−3.6%	2.89%
AMN	Amn Healthcare Services Inc Healthcare	Reduced	118,828	-56,229	$14,536,229	−27.6%	2.87%
UMBF	Umb Financial Corp Financial Services	Reduced	135,670	-19,730	$14,395,943	−4.2%	2.84%
HTH	Hilltop Holdings Inc. Financial Services	Reduced	402,832	-59,190	$14,155,516	−6.2%	2.80%
DIOD	Diodes Inc /Del/ Technology	Reduced	124,173	-74,087	$13,635,437	−24.1%	2.69%
EVR	Evercore Inc. Financial Services	Reduced	99,534	-14,440	$13,521,693	−11.2%	2.67%
AIR	Aar Corp Industrials	NEW	329,182	NEW	$12,847,973	NEW	2.54%
CTRE	CareTrust REIT, Inc. Real Estate	Reduced	552,877	-80,380	$12,622,181	−1.9%	2.49%
SGI	Somnigroup International Inc. Consumer Cyclical	Reduced	260,549	-37,937	$12,253,619	−11.5%	2.42%
PDM	Piedmont Realty Trust, Inc. Real Estate	Reduced	665,552	-97,100	$12,232,845	−8.0%	2.42%
GFF	Griffon Corp Industrials	Reduced	427,737	-62,410	$12,181,949	+1.0%	2.41%
STC	Stewart Information Services Corp Financial Services	NEW	152,724	NEW	$12,176,684	NEW	2.41%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	Reduced	399,175	-58,060	$12,106,977	+29.0%	2.39%
MBUU	Malibu Boats, Inc. Consumer Cyclical	Reduced	175,992	-26,035	$12,095,930	−14.4%	2.39%
CDP	Copt Defense Properties Real Estate	Reduced	412,744	-60,130	$11,544,449	−9.5%	2.28%
CC	Chemours Co Basic Materials	Reduced	339,946	-49,720	$11,408,587	+0.7%	2.25%
CATY	Cathay General Bancorp Financial Services	Reduced	254,788	-37,280	$10,953,336	−9.4%	2.16%
GPK	Graphic Packaging Holding Co Consumer Cyclical	Reduced	557,635	-81,410	$10,873,882	−10.6%	2.15%
VRTS	Virtus Investment Partners, Inc. Financial Services	Reduced	35,893	-5,190	$10,663,810	−16.4%	2.11%
POR	Portland General Electric Co /Or/ Utilities	Reduced	201,283	-29,380	$10,651,896	−1.7%	2.10%
PRG	PROG Holdings, Inc. Industrials	Added	235,212	+35,618	$10,610,413	+26.5%	2.10%
GTN	Gray Media, Inc Communication Services	Reduced	524,947	-76,540	$10,582,931	−22.9%	2.09%
ABCB	Ameris Bancorp Financial Services	Reduced	211,885	-30,950	$10,526,446	−16.4%	2.08%
TKR	Timken Co Industrials	Reduced	144,907	-21,180	$10,040,606	−7.6%	1.98%
EPR	Epr Properties Real Estate	NEW	210,111	NEW	$9,978,171	NEW	1.97%
BDN	Brandywine Realty Trust Real Estate	Reduced	729,119	-106,750	$9,784,776	−12.8%	1.93%
ITGR	Integer Holdings Corp Healthcare	Reduced	112,357	-16,310	$9,616,635	−16.3%	1.90%
WGO	Winnebago Industries Inc Consumer Cyclical	Reduced	128,328	-18,700	$9,614,333	−9.7%	1.90%
WERN	Werner Enterprises Inc Industrials	Reduced	199,554	-29,060	$9,510,743	−6.0%	1.88%
JACK	Jack In The Box Inc Consumer Cyclical	Reduced	108,438	-15,890	$9,486,156	−21.6%	1.87%
SWX	Southwest Gas Holdings, Inc. Utilities	Reduced	131,537	-19,310	$9,214,166	−8.7%	1.82%
NBHC	National Bank Holdings Corp Financial Services	Reduced	208,313	-30,210	$9,153,273	−5.2%	1.81%
AHCO	AdaptHealth Corp. Healthcare	NEW	365,467	NEW	$8,939,322	NEW	1.77%
PRIM	Primoris Services Corp Industrials	Reduced	361,328	-52,540	$8,664,645	−14.5%	1.71%
SF	Stifel Financial Corp Financial Services	Reduced	173,561	-86,213	$8,148,116	−30.8%	1.61%
EBS	Emergent BioSolutions Inc. Healthcare	Reduced	184,010	-26,370	$7,998,914	−24.1%	1.58%
MGRC	Mcgrath Rentcorp Industrials	Reduced	97,299	-14,130	$7,809,217	−2.6%	1.54%
LZB	La-Z-Boy Inc Consumer Cyclical	Reduced	199,560	-29,280	$7,246,023	−1.8%	1.43%
SEM	Select Medical Holdings Corp Healthcare	Reduced	455,999	-66,560	$7,223,252	−29.1%	1.43%
SMP	Standard Motor Products, Inc. Consumer Cyclical	Reduced	133,871	-19,710	$7,013,501	+4.5%	1.39%
NMIH	NMI Holdings, Inc. Financial Services	Reduced	320,517	-46,830	$7,003,296	−15.7%	1.38%
WKC	World Kinect Corp Energy	Reduced	244,042	-35,500	$6,459,791	−31.3%	1.28%
NWE	NorthWestern Energy Group, Inc. Utilities	Reduced	105,209	-15,260	$6,013,746	−12.9%	1.19%
GIII	G III Apparel Group Ltd /De/ Consumer Cyclical	Reduced	214,835	-31,450	$5,938,039	−14.8%	1.17%
EXLS	ExlService Holdings, Inc. Technology	Reduced	111,246	-16,200	$3,221,016	+2.6%	0.64%