Hillcrest Asset Management LLC

CIK

1415345

Location

PLANO, TX

Portfolio Value

Micro $32,050,348

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

+60.4%

SPY

+74.2%

Annualised alpha

-3.3%

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

3 positions · $32,050,348 total · Technology only · 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
FN	Fabrinet Technology	NEW	128,251	NEW	$15,193,895	NEW	47.41%
DIOD	Diodes Inc /Del/ Technology	Reduced	124,173	-74,087	$13,635,437	−24.1%	42.54%
EXLS	ExlService Holdings, Inc. Technology	Reduced	111,246	-16,200	$3,221,016	+2.6%	10.05%