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Portfolio (Quarterly) Guide ↗

Applied Fundamental Research, LLC

· CIK 0001849776
13F Portfolio $76M AUM 10 positions Filed May 13, 2026 EDGAR ↗ ← All Funds
Q1 2026 Q4 2025 · All 2 Added 6 Reduced
# Ticker Company Sector Shares Value ↓ % Port Chg Shares Chg % Period Price ① Since Period ①
1 IAC IAC INC Technology 305,099.0 $12.2M 16.12% -143K -31.9% $40.03 +12.3%
2 DY DYCOM INDS INC Industrials 34,972.0 $11.8M 15.64% $338.82 +58.0%
3 ALGN ALIGN TECHNOLOGY INC Healthcare 61,312.0 $10.5M 13.87% +3K +5.0% $171.43 +1.1%
4 UFPT UFP TECHNOLOGIES INC Healthcare 52,788.0 $10.2M 13.49% $193.60 +16.9%
5 HEICO CORP 39,921.0 $8.4M 11.12% +12K +41.9% $211.09
6 FIGS FIGS INC Consumer Cyclical 515,569.0 $7.6M 10.05% -360K -41.1% $14.77 -17.0%
7 NABL N-ABLE INC Technology 1,243,671.0 $5.8M 7.66% -9K -0.7% $4.67 -26.1%
8 U HAUL HOLDING COMPANY 119,045.0 $5.3M 7.02% -93K -43.9% $44.67
9 GLPI GAMING & LEISURE P Real Estate 46,034.0 $2.0M 2.69% -124K -73.0% $44.37 +6.9%
10 NOMD NOMAD FOODS LTD Consumer Defensive 185,121.0 $1.8M 2.35% -339K -64.7% $9.61 +5.4%

Period Price is the implied market price on the last day of the reporting period, calculated as reported value ÷ shares held. It is not the fund's purchase price or cost basis — the fund may have initiated or added to the position at any point during the quarter at a different price. Since Period shows the price change from that quarter-end snapshot to today's last price — it reflects stock movement after the report date, not the fund's actual return.

Sector Allocation
Healthcare 33.4%
Technology 29.0%
Industrials 19.1%
Consumer Cyclical 12.3%
Real Estate 3.3%
Consumer Defensive 2.9%