Applied Fundamental Research 13F annual report

Applied Fundamental Research is an investment fund managing more than $136 billion ran by James Obrien. There are currently 13 companies in Mr. Obrien’s portfolio. The largest investments include IAC Inc and UFP Technologies, together worth $33.4 billion.

$136 billion Assets Under Management (AUM)

As of 7th August 2024, Applied Fundamental Research’s top holding is 380,977 shares of IAC Inc currently worth over $17.8 billion and making up 13.1% of the portfolio value. Relative to the number of outstanding shares of IAC Inc, Applied Fundamental Research owns more than approximately 0.1% of the company. In addition, the fund holds 58,825 shares of UFP Technologies worth $15.5 billion, whose value grew 67.4% in the past six months. The third-largest holding is Nomad Foods Ltd worth $14.9 billion and the next is Gaming Leisure Pptys Inc worth $14.8 billion, with 326,587 shares owned.

Currently, Applied Fundamental Research's portfolio is worth at least $136 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Applied Fundamental Research

The Applied Fundamental Research office and employees reside in Cambridge, Massachusetts. According to the last 13-F report filed with the SEC, James Obrien serves as the Research Analyst at Applied Fundamental Research.

Recent trades

In the most recent 13F filing, Applied Fundamental Research revealed that it had opened a new position in Janus International Group In and bought 815,612 shares worth $10.3 billion.

The investment fund also strengthened its position in Nomad Foods Ltd by buying 63,300 additional shares. This makes their stake in Nomad Foods Ltd total 906,605 shares worth $14.9 billion.

On the other hand, James Obrien disclosed a decreased stake in IAC Inc by approximately 0.1%. This leaves the value of the investment at $17.8 billion and 380,977 shares.

One of the smallest hedge funds

The two most similar investment funds to Applied Fundamental Research are Olympiad Research L.P. and Seven Mile Advisory. They manage $136 billion and $136 billion respectively.

James Obrien investment strategy

Applied Fundamental Research’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 17.7% of the total portfolio value. The fund focuses on investments in the United States as 53.8% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 8% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $3.19 billion.

The complete list of Applied Fundamental Research trades based on 13F SEC filings

These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
IAC Inc	2.45% 380,977	$17,848,772,000	13.13%
UFP Technologies Inc.	11.50% 58,825	$15,522,153,000	11.42%
Nomad Foods Ltd	7.51% 906,605	$14,940,850,000	10.99%
Gaming Leisure Pptys Inc	4.71% 326,587	$14,764,998,000	10.86%
Heidrick Struggles Intl In	No change 440,670	$13,916,352,000	10.24%
PetIQ Inc	1.49% 624,076	$13,767,117,000	10.13%
FIGS, Inc.	No change 2,495,381	$13,300,381,000	9.78%
Janus International Group In	Opened 815,612	$10,301,180,000	7.58%
Dycom Inds Inc	36.02% 54,555	$9,206,702,000	6.77%
Match Group Inc.	28.65% 203,911	$6,194,816,000	4.56%
U-Haul Holding Company	12.94% 61,300	$3,784,039,000	2.78%
N-able Inc	Opened 151,436	$2,306,370,000	1.70%
TTEC Holdings Inc	86.79% 18,652	$109,674,000	0.08%
No transactions found
Showing first 500 out of 13 holdings