Applied Fundamental Research, LLC
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Schedule 13D/13G stakes
Stakes of 5% or more disclosed on Schedule 13D or 13G, each on the filer's latest filing for the security. These are event-dated stakes, not the quarter-end 13F portfolio below.
No stake currently held at or above 5%.
A 13D or 13G stays in force until its filer amends it and no amendment is due without a material change, so a stake with no filing in 24 months reads unconfirmed, never sold. An amendment reporting under 5% ends the filer's duty to amend, not necessarily the holding. Shares are restated onto today's split basis. Show 1 exited, below-5% or retired stake
Portfolio style
Measured from the filed 13F common-share book for Jun 30, 2026, never from the firm's own description.
Closest benchmark: every 13F filer's combined book, active share 99.4%; sector active share 63.1% against the combined 13F book's sector weights.
Over time 23 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 backtestPortfolio Concentration
10 tracked positions · as of Jun 30, 2026 · Δ vs Mar 31, 2026Portfolio Trend
Sector Breakdown
As of Jun 30, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Industrials | 46.1% | $38,927,052 |
| Healthcare | 27.4% | $23,154,453 |
| Consumer Cyclical | 13.5% | $11,411,861 |
| Communication Services | 10.1% | $8,527,321 |
| Technology | 2.5% | $2,119,292 |
| Unclassified | 0.5% | $389,036 |
Last Quarter's Activity
Export CSVTrimmed
Positions the filer reduced| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| DY |
Dycom Industries Inc
Industrials
|
Added | 37,923 | $19,173,489 | 22.68% | |
| UFPT |
Ufp Technologies Inc
Healthcare
|
Reduced | 50,498 | $13,388,534 | 15.84% | |
| HEI-A |
Heico Corp
Industrials
|
Added | 49,958 | $12,884,667 | 15.24% | |
| ALGN |
Align Technology Inc
Healthcare
|
Reduced | 57,903 | $9,765,919 | 11.55% | |
| PPLI |
People Inc
Communication Services
|
Reduced | 184,734 | $8,527,321 | 10.09% | |
| FIGS |
FIGS, Inc.
Consumer Cyclical
|
Added | 697,247 | $7,132,836 | 8.44% | |
| UHAL-B |
U-Haul Holding Co
Industrials
|
Held | 119,045 | $6,868,896 | 8.13% | |
| BFAM |
Bright Horizons Family Solutions Inc.
Consumer Cyclical
|
NEW | 60,370 | $4,279,025 | 5.06% | |
| NABL |
N-able, Inc.
Technology
|
Reduced | 577,464 | $2,119,292 | 2.51% | |
| IGV |
iShares Expanded Tech-Software Sector ETF
|
NEW | 4,294 | $389,036 | 0.46% |
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.