FRIESS ASSOCIATES LLC

CIK

820289

Location

JACKSON HOLE, WY

Portfolio Value

Micro $56,442,878

Diversification

Diversified

Reports for

Acuitas Investments, LLC

Filing Date

Global Rank

#6,463 / 6,855 ▼ 1346 · as of Jun 2022

Top Industry

Drug Manufacturers - Specialty & Generic 13.8%

Period ended 4 years ago

Filed Aug 15, 2022 · 4y

10 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 Jun 30, 2022, never from the firm's own description.

Style

Diversified active

Top 10 weight 46.3%, 26.1 effective positions, active share 99.4% against the Russell 2000 as of 2022-06-30; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

104.0% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 4.0 quarters, but 8.9% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2022-06-30, active share 99.4%; sector active share 51.2% against the combined 13F book's sector weights.

Over time 10 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

31 tracked positions · as of Jun 30, 2022 · Δ vs Mar 31, 2022

Top Position

6.0%

+1.5 pts

Top 5

25.8%

+7.2 pts

Top 10

46.3%

+15.1 pts

HHI

383

Diversified+189

Portfolio Trend

10 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2022

Sector	% Portfolio	Value	Positions
Technology	33.6%	$18,981,006	10
Healthcare	23.4%	$13,194,523	7
Consumer Cyclical	18.9%	$10,660,354	5
Unclassified	9.5%	$5,337,000	5
Industrials	7.6%	$4,277,273	2
Basic Materials	7.1%	$3,992,722	2

Last Quarter's Activity

Export CSV

Jun 30, 2022 vs Mar 31, 2022

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
AEHR	Aehr Test Systems	+50,000	255,208	$1,914,060
TITN	Titan Machinery Inc.	+10,161	102,661	$2,300,633
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
—		−448,800	775,823	$0
—		−429,802	766,650	$2,262,000
III	Information Services Group Inc.	−316,674	348,781	$2,357,759
—		−266,792	305,148	$2,139,000
—		−211,422	335,923	$2,147,000
AXGN	Axogen, Inc.	−168,105	253,546	$2,076,541
ACMR	ACM Research, Inc.	−149,982	178,368	$3,001,933
SSYS	Stratasys Ltd.	−136,379	156,867	$2,939,687
INFU	InfuSystem Holdings, Inc	−98,400	147,893	$1,424,209
TGLS	Tecnoglass Holdings Inc.	−77,134	132,880	$2,332,044
AMPH	Amphastar Pharmaceuticals, Inc.	−56,655	97,760	$3,401,070
DHX	Dhi Group, Inc.	−53,600	482,884	$2,399,933
BIOX	Bioceres Crop Solutions Corp.	−48,525	121,129	$1,660,678
HZO	Marinemax Inc	−34,344	51,904	$1,874,772
LTRX	Lantronix Inc	−33,300	299,497	$1,611,293
CSV	Carriage Services Inc	−28,000	49,556	$1,964,895
OMQS	OMNIQ Corp.	−23,118	136,538	$750,959
OOMA	Ooma Inc	−16,200	145,372	$1,721,204
ELMD	Electromed, Inc.	−15,600	50,614	$487,918
—		−9,857	11,600	$1,354,000
No positions match the current search.

New Positions

Positions the filer opened this quarter

7 positions

Ticker	Company	Shares	Value
CAL	Caleres Inc	86,900	$2,280,256
NSSC	Napco Security Technologies, Inc	96,000	$1,976,640
—		342,602	$1,836,000
CLFD	Clearfield, Inc.	23,600	$1,462,020
SIGA	Siga Technologies Inc	121,225	$1,403,785
AXTI	Axt Inc	140,300	$822,158
—		424,700	$0
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		92,527	$3,662,000
FN	Fabrinet	28,049	$2,948,791
HUBG	Hub Group, Inc.	38,017	$2,935,292
NPO	Enpro Inc.	29,621	$2,894,860
INVE	INVE Technologies, Inc.	177,257	$2,866,245
ASO	Academy Sports & Outdoors, Inc.	70,258	$2,768,165
ACLS	Axcelis Technologies Inc	34,436	$2,600,951
PAG	Penske Automotive Group, Inc.	27,492	$2,576,550
CVI	Cvr Energy Inc	100,825	$2,575,070
NOTVQ	Inotiv, Inc.	96,510	$2,527,000
WOOF	Petco Health & Wellness Company, Inc.	127,047	$2,486,309
EPM	Evolution Petroleum Corp	364,938	$2,477,929
—		64,573	$2,458,000
HRI	Herc Holdings Inc	14,321	$2,392,895
DRVN	Driven Brands Holdings Inc.	86,013	$2,260,421
HOV	Hovnanian Enterprises Inc	36,736	$2,171,097
—		35,654	$2,129,000
BOOT	Boot Barn Holdings, Inc.	21,076	$1,997,794
—		17,021	$1,942,000
HGV	Hilton Grand Vacations Inc.	37,224	$1,936,020
CALX	Calix, Inc	43,082	$1,848,648
MTZ	Mastec Inc	20,719	$1,804,624
KEX	Kirby Corp	24,675	$1,781,288
BRCC	BRC Inc.	77,667	$1,620,910
—		102,506	$1,516,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

31 tracked positions · $56,442,878 total · filing declares 32 positions · $59,908,000 · as of Jun 30, 2022

All sectors Basic Materials Consumer Cyclical Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
AMPH	Amphastar Pharmaceuticals, Inc. Healthcare	Reduced	97,760	-56,655	$3,401,070	−38.6%	2	$28.36	6.03%
ACMR	ACM Research, Inc. Technology	Reduced	178,368	-149,982	$3,001,933	−55.8%	5	unpriced	5.32%
SSYS	Stratasys Ltd. Technology	Reduced	156,867	-136,379	$2,939,687	−60.5%	4	$24.09	5.21%
KRUS	Kura Sushi USA, Inc. Consumer Cyclical	Held	57,237	0	$2,834,948	−10.2%	5	$41.08	5.02%
DHX	Dhi Group, Inc. Technology	Reduced	482,884	-53,600	$2,399,933	−24.8%	3	$5.39	4.25%
III	Information Services Group Inc. Technology	Reduced	348,781	-316,674	$2,357,759	−48.0%	4	$6.69	4.18%
TGLS	Tecnoglass Holdings Inc. Basic Materials	Reduced	132,880	-77,134	$2,332,044	−56.0%	6	$12.70	4.13%
TITN	Titan Machinery Inc. Industrials	Added	102,661	+10,161	$2,300,633	−12.0%	5	$28.55	4.08%
CAL	Caleres Inc Consumer Cyclical	NEW	86,900	NEW	$2,280,256	NEW	1	$24.75	4.04%
		Reduced	766,650	-429,802	$2,262,000	−34.1%	3	unpriced	4.01%
		Reduced	335,923	-211,422	$2,147,000	−61.0%	6	unpriced	3.80%
		Reduced	305,148	-266,792	$2,139,000	−54.9%	2	unpriced	3.79%
AXGN	Axogen, Inc. Healthcare	Reduced	253,546	-168,105	$2,076,541	−38.0%	5	$15.70	3.68%
NSSC	Napco Security Technologies, Inc Industrials	NEW	96,000	NEW	$1,976,640	NEW	1	$18.81	3.50%
CSV	Carriage Services Inc Consumer Cyclical	Reduced	49,556	-28,000	$1,964,895	−52.5%	3	$52.22	3.48%
AEHR	Aehr Test Systems Technology	Added	255,208	+50,000	$1,914,060	−8.2%	3	$16.59	3.39%
HZO	Marinemax Inc Consumer Cyclical	Reduced	51,904	-34,344	$1,874,772	−46.0%	10+	before history	3.32%
		NEW	342,602	NEW	$1,836,000	NEW	1	unpriced	3.25%
OOMA	Ooma Inc Technology	Reduced	145,372	-16,200	$1,721,204	−28.9%	10+	before history	3.05%
HLLY	Holley Inc. Consumer Cyclical	Held	162,427	0	$1,705,483	−24.5%	3	$12.20	3.02%
BIOX	Bioceres Crop Solutions Corp. Basic Materials	Reduced	121,129	-48,525	$1,660,678	−28.1%	5	$13.85	2.94%
LTRX	Lantronix Inc Technology	Reduced	299,497	-33,300	$1,611,293	−27.5%	2	$7.11	2.85%
CLFD	Clearfield, Inc. Technology	NEW	23,600	NEW	$1,462,020	NEW	1	$58.70	2.59%
INFU	InfuSystem Holdings, Inc Healthcare	Reduced	147,893	-98,400	$1,424,209	−41.0%	10+	before history	2.52%
SIGA	Siga Technologies Inc Healthcare	NEW	121,225	NEW	$1,403,785	NEW	1	$9.01	2.49%
		Reduced	11,600	-9,857	$1,354,000	−52.7%	5	unpriced	2.40%
AXTI	Axt Inc Technology	NEW	140,300	NEW	$822,158	NEW	1	$5.89	1.46%
OMQS	OMNIQ Corp. Technology	Reduced	136,538	-23,118	$750,959	−30.1%	4	$9.23	1.33%
ELMD	Electromed, Inc. Healthcare	Reduced	50,614	-15,600	$487,918	−40.8%	3	$11.76	0.86%
		Reduced	775,823	-448,800	$0	—	2	unpriced	0.00%
		NEW	424,700	NEW	$0	NEW	1	unpriced	0.00%

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.