Hillcrest Asset Management LLC

CIK

1415345

Location

PLANO, TX

Portfolio Value

Small $615,676,807

Diversification

Diversified

Reports for

American Beacon

Filing Date

Global Rank

#2,581 / 6,919 ▼ 179 · as of Dec 2021

Top Industry

Banks - Regional 8.3%

Period ended 4 years ago

Filed Feb 24, 2022 · 4y

8 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 Dec 31, 2021, never from the firm's own description.

Style

Diversified active

Top 10 weight 24.4%, 52.8 effective positions, active share 92.0% against the S&P SmallCap 600 as of 2021-12-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

Medium turnover

32.5% over the last four quarters (30% to under 100%)

Horizon

Horizon unknown

The value-weighted holding period is at least 5.8 quarters, but 39.3% of the book was already held when coverage starts

Closest benchmark: the S&P SmallCap 600 as of 2021-12-31, active share 92.0%; sector active share 38.8% against the combined 13F book's sector weights.

Over time 8 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

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

Top Position

2.7%

−0.5 pts

Top 5

12.8%

−1.3 pts

Top 10

24.4%

−1.7 pts

HHI

189

Diversified−12

Portfolio Trend

8 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2021

Sector	% Portfolio	Value	Positions
Financial Services	18.6%	$114,772,171	10
Consumer Cyclical	14.1%	$86,628,460	9
Industrials	14.0%	$86,301,637	8
Real Estate	11.7%	$72,248,179	6
Unclassified	11.4%	$70,282,000	8
Healthcare	8.9%	$54,497,100	5
Technology	7.3%	$44,934,415	3
Basic Materials	4.5%	$27,804,953	2
Utilities	4.2%	$25,879,808	3
Consumer Defensive	2.5%	$15,285,362	1
Communication Services	1.7%	$10,582,931	1
Energy	1.0%	$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
LXP	LXP Industrial Trust	−149,870	1,029,818	$16,085,757
—		−131,570	901,117	$13,652,000
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	$12,222,174
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	−74,087	124,173	$13,635,437
—		−66,560	455,999	$13,406,000
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
—		−32,820	225,534	$0
GIII	G III Apparel Group Ltd	−31,450	214,835	$5,938,039
ABCB	Ameris Bancorp	−30,950	211,885	$10,526,446
—		−30,645	208,836	$10,187,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

8 positions

Ticker	Company	Shares	Value
FN	Fabrinet	128,251	$15,193,895
AIR	Aar Corp	329,182	$12,847,973
—		431,507	$12,678,000
STC	Stewart Information Services Corp	152,724	$12,176,684
EPR	Epr Properties	210,111	$9,978,171
—		186,354	$9,126,000
AHCO	AdaptHealth Corp.	365,467	$8,939,322
—		123,770	$8,005,000
No positions match the current search.

Sold Out

Positions the filer fully exited

5 positions

Ticker	Company	Shares	Value
FSS	Federal Signal Corp	380,827	$14,707,538
BLDR	Builders FirstSource, Inc.	265,829	$13,753,992
MCY	Mercury General Corp	216,120	$12,031,400
—		213,654	$10,234,000
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

57 tracked positions · $615,676,807 total · filing declares 60 positions · $656,227,000 · as of Dec 31, 2021

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

Showing 1–50 of 57 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
UFPI	Ufp Industries Inc Basic Materials	Reduced	178,202	-26,060	$16,396,366	+18.1%	7	$42.57	2.66%
EXLS	ExlService Holdings, Inc. Technology	Reduced	111,246	-16,200	$16,105,083	+2.6%	7	$58.93	2.62%
LXP	LXP Industrial Trust Real Estate	Reduced	1,029,818	-149,870	$16,085,757	+6.9%	8+	before history	2.61%
SPB	Spectrum Brands Holdings, Inc. Consumer Defensive	Reduced	150,269	-21,910	$15,285,362	−7.2%	5	$65.60	2.48%
FN	Fabrinet Technology	NEW	128,251	NEW	$15,193,895	NEW	1	$110.79	2.47%
EME	EMCOR Group, Inc. Industrials	Reduced	114,892	-16,720	$14,636,091	−3.6%	7	$62.65	2.38%
AMN	Amn Healthcare Services Inc Healthcare	Reduced	118,828	-56,229	$14,536,229	−27.6%	8+	before history	2.36%
UMBF	Umb Financial Corp Financial Services	Reduced	135,670	-19,730	$14,395,943	−4.2%	8+	before history	2.34%
HTH	Hilltop Holdings Inc. Financial Services	Reduced	402,832	-59,190	$14,155,516	−6.2%	8+	before history	2.30%
		Reduced	901,117	-131,570	$13,652,000	−12.5%	7	unpriced	2.22%
DIOD	Diodes Inc Technology	Reduced	124,173	-74,087	$13,635,437	−24.1%	8+	before history	2.21%
EVR	Evercore Inc. Financial Services	Reduced	99,534	-14,440	$13,521,693	−11.2%	8+	before history	2.20%
		Reduced	455,999	-66,560	$13,406,000	−29.1%	7	unpriced	2.18%
AIR	Aar Corp Industrials	NEW	329,182	NEW	$12,847,973	NEW	1	$35.70	2.09%
		NEW	431,507	NEW	$12,678,000	NEW	1	unpriced	2.06%
CTRE	CareTrust REIT, Inc. Real Estate	Reduced	552,877	-80,380	$12,622,181	−1.9%	5	$20.79	2.05%
SGI	Somnigroup International Inc. Consumer Cyclical	Reduced	260,549	-37,937	$12,253,619	−11.5%	7	$14.35	1.99%
PDM	Piedmont Realty Trust, Inc. Real Estate	Reduced	665,552	-97,100	$12,232,845	−8.0%	8+	before history	1.99%
SF	Stifel Financial Corp Financial Services	Reduced	173,561	-86,213	$12,222,174	−30.8%	8+	before history	1.99%
GFF	Griffon Corp Industrials	Reduced	427,737	-62,410	$12,181,949	+1.0%	3	$26.35	1.98%
STC	Stewart Information Services Corp Financial Services	NEW	152,724	NEW	$12,176,684	NEW	1	$73.47	1.98%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	Reduced	399,175	-58,060	$12,106,977	+29.0%	3	$23.95	1.97%
MBUU	Malibu Boats, Inc. Consumer Cyclical	Reduced	175,992	-26,035	$12,095,930	−14.4%	8+	before history	1.96%
CDP	Copt Defense Properties Real Estate	Reduced	412,744	-60,130	$11,544,449	−9.5%	4	$26.47	1.88%
CC	Chemours Co Basic Materials	Reduced	339,946	-49,720	$11,408,587	+0.7%	3	$33.01	1.85%
CATY	Cathay General Bancorp Financial Services	Reduced	254,788	-37,280	$10,953,336	−9.4%	8+	before history	1.78%
GPK	Graphic Packaging Holding Co Consumer Cyclical	Reduced	557,635	-81,410	$10,873,882	−10.6%	7	$13.45	1.77%
VRTS	Virtus Investment Partners, Inc. Financial Services	Reduced	35,893	-5,190	$10,663,810	−16.4%	3	$270.55	1.73%
POR	Portland General Electric Co Utilities	Reduced	201,283	-29,380	$10,651,896	−1.7%	4	$43.66	1.73%
PRG	PROG Holdings, Inc. Industrials	Added	235,212	+35,618	$10,610,413	+26.5%	5	unpriced	1.72%
GTN	Gray Media, Inc Communication Services	Reduced	524,947	-76,540	$10,582,931	−22.9%	8+	before history	1.72%
ABCB	Ameris Bancorp Financial Services	Reduced	211,885	-30,950	$10,526,446	−16.4%	5	$32.37	1.71%
		Reduced	208,836	-30,645	$10,187,000	−10.2%	8+	before history	1.65%
TKR	Timken Co Industrials	Reduced	144,907	-21,180	$10,040,606	−7.6%	8+	before history	1.63%
EPR	Epr Properties Real Estate	NEW	210,111	NEW	$9,978,171	NEW	1	$49.64	1.62%
BDN	Brandywine Realty Trust Real Estate	Reduced	729,119	-106,750	$9,784,776	−12.8%	8+	before history	1.59%
		Reduced	185,989	-27,190	$9,670,000	+6.4%	5	unpriced	1.57%
ITGR	Integer Holdings Corp Healthcare	Reduced	112,357	-16,310	$9,616,635	−16.3%	7	$70.99	1.56%
WGO	Winnebago Industries Inc Consumer Cyclical	Reduced	128,328	-18,700	$9,614,333	−9.7%	8+	before history	1.56%
WERN	Werner Enterprises Inc Industrials	Reduced	199,554	-29,060	$9,510,743	−6.0%	4	$43.49	1.54%
JACK	Jack In The Box Inc Consumer Cyclical	Reduced	108,438	-15,890	$9,486,156	−21.6%	4	$101.71	1.54%
SWX	Southwest Gas Holdings, Inc. Utilities	Reduced	131,537	-19,310	$9,214,166	−8.7%	7	$71.03	1.50%
NBHC	National Bank Holdings Corp Financial Services	Reduced	208,313	-30,210	$9,153,273	−5.2%	8+	before history	1.49%
		NEW	186,354	NEW	$9,126,000	NEW	1	unpriced	1.48%
AHCO	AdaptHealth Corp. Healthcare	NEW	365,467	NEW	$8,939,322	NEW	1	$23.48	1.45%
PRIM	Primoris Services Corp Industrials	Reduced	361,328	-52,540	$8,664,645	−14.5%	8+	before history	1.41%
		NEW	123,770	NEW	$8,005,000	NEW	1	unpriced	1.30%
EBS	Emergent BioSolutions Inc. Healthcare	Reduced	184,010	-26,370	$7,998,914	−24.1%	8+	before history	1.30%
MGRC	Mcgrath Rentcorp Industrials	Reduced	97,299	-14,130	$7,809,217	−2.6%	7	$53.67	1.27%
LZB	La-Z-Boy Inc Consumer Cyclical	Reduced	199,560	-29,280	$7,246,023	−1.8%	5	$37.04	1.18%

Showing the top 50 of 57 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.