# ADVISORY RESEARCH INC: Form 13F holdings

An institutional investment manager in CHICAGO, IL. SEC CIK 902584.

- Quarter ended: 2026-06-30
- Filed: 2026-08-13
- Reported value: $1.00bn
- Positions: 136 (166 lines in the filing's table; lines for the same security and option type are added together here)
- Compared with: the 13F for the quarter ended 2026-03-31
- Filing: https://www.sec.gov/Archives/edgar/data/902584/000090258426000007/

## Holdings

As filed, largest first. Reported value is what the manager stated at the quarter end (Jun 30, 2026), in US dollars; it is filing data, not a price. Weight is the share of the total reported value.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [MYERS INDS INC (MYE)](/companies/mye.md) | COM | $65.6m | 6.5% | 1,857,873 |  | Added +332,157 |
| [OPENLANE INC (OPLN)](/companies/opln.md) | COM | $63.2m | 6.3% | 1,533,557 |  | Added +251,945 |
| [TRIMAS CORP (TRS)](/companies/trs.md) | COM NEW | $54.6m | 5.4% | 1,211,587 |  | Added +91,901 |
| [TAIWAN SEMICONDUCTOR MANUFAC (TSM)](/companies/tsm.md) | SPONSORED ADS | $40.3m | 4.0% | 84,453 |  | Added +2,668 |
| [BEL FUSE INC (BELFA)](/companies/belfa.md) | CL B | $39.3m | 3.9% | 117,896 |  | Reduced −1,468 |
| [PURSUIT ATTRACTIONS AND HOSP (PRSU)](/companies/prsu.md) | COM | $36.8m | 3.7% | 657,648 |  | Reduced −7,580 |
| [ALPHABET INC (GOOGL)](/companies/googl.md) | CAP STK CL A | $33.9m | 3.4% | 94,824 |  | Added +1,563 |
| [KEURIG DR PEPPER INC (KDP)](/companies/kdp.md) | COM | $28.4m | 2.8% | 867,771 |  | Added +28,474 |
| [JBT MAREL CORPORATION (JBTM)](/companies/jbtm.md) | COM | $27.5m | 2.7% | 189,869 |  | Added +49,122 |
| [DAILY JOURNAL CORP (DJCO)](/companies/djco.md) | COM | $25.0m | 2.5% | 41,510 |  | Reduced −363 |
| [BROADCOM INC (AVGO)](/companies/avgo.md) | COM | $24.7m | 2.5% | 65,495 |  | Added +1,808 |
| [LEGACY HOUSING CORP (LEGH)](/companies/legh.md) | COM | $24.2m | 2.4% | 920,286 |  | Reduced −5,033 |
| [MGIC INVT CORP WIS (MTG)](/companies/mtg.md) | COM | $23.0m | 2.3% | 816,952 |  | Added +22,629 |
| [PHILIP MORRIS INTL INC (PM)](/companies/pm.md) | COM | $22.1m | 2.2% | 122,120 |  | Added +2,570 |
| [NATIONAL PRESTO INDS INC (NPK)](/companies/npk.md) | COM | $20.2m | 2.0% | 161,764 |  | Added +14,130 |
| [AMERICAN ELEC PWR CO INC (AEP)](/companies/aep.md) | COM | $20.1m | 2.0% | 146,846 |  | Added +5,761 |
| [ABBVIE INC (ABBV)](/companies/abbv.md) | COM | $19.1m | 1.9% | 76,085 |  | Added +3,013 |
| [TAPESTRY INC (TPR)](/companies/tpr.md) | COM | $18.7m | 1.9% | 127,464 |  | Added +3,288 |
| ACV AUCTIONS INC | COM CL A | $18.1m | 1.8% | 2,511,972 |  | Reduced −516,670 |
| [MICROSOFT CORP (MSFT)](/companies/msft.md) | COM | $16.3m | 1.6% | 43,670 |  | Added +933 |
| [LATAM AIRLINES GROUP SA (LTM)](/companies/ltm.md) | SPONSORED ADR | $16.0m | 1.6% | 274,022 |  | Added +175,499 |
| [CME GROUP INC (CME)](/companies/cme.md) | COM | $14.8m | 1.5% | 67,088 |  | Added +2,456 |
| [KB FINL GROUP INC (KB)](/companies/kb.md) | SPONSORED ADR | $14.2m | 1.4% | 135,607 |  | Added +4,994 |
| [LAMAR ADVERTISING CO (LAMR)](/companies/lamr.md) | CL A | $12.9m | 1.3% | 82,766 |  | Added +7,125 |
| [HUBBELL INC (HUBB)](/companies/hubb.md) | COM | $12.8m | 1.3% | 24,441 |  | Added +662 |
| [GSK PLC (GSK)](/companies/gsk.md) | SPONSORED ADR | $11.3m | 1.1% | 215,664 |  | Added +11,382 |
| [MARATHON PETE CORP (MPC)](/companies/mpc.md) | COM | $10.3m | 1.0% | 40,268 |  | Added +1,281 |
| [META PLATFORMS INC (META)](/companies/meta.md) | CL A | $10.2m | 1.0% | 18,191 |  | Added +630 |
| [MATADOR RES CO (MTDR)](/companies/mtdr.md) | COM | $9.3m | 0.9% | 187,674 |  | Reduced −57,806 |
| [COMCAST CORP NEW (CMCSA)](/companies/cmcsa.md) | CL A | $9.2m | 0.9% | 376,554 |  | Added +13,126 |
| [BRITISH AMERN TOB PLC (BTI)](/companies/bti.md) | SPONSORED ADR | $8.6m | 0.9% | 139,453 |  | Added +9,222 |
| [LAM RESEARCH CORP (LRCX)](/companies/lrcx.md) | COM NEW | $8.6m | 0.9% | 19,824 |  | Reduced −127 |
| [APA CORPORATION (APA)](/companies/apa.md) | COM | $8.5m | 0.8% | 261,415 |  | Reduced −111,932 |
| [FERGUSON ENTERPRISES INC (FERG)](/companies/ferg.md) | COMMON STOCK NEW | $7.9m | 0.8% | 33,184 |  | Added +1,318 |
| ISHARES TR | 0-3 MTH TREASURY | $7.7m | 0.8% | 76,730 |  | Added +16,619 |
| [INTUIT (INTU)](/companies/intu.md) | COM | $7.4m | 0.7% | 28,443 |  | Added +1,196 |
| VANGUARD BD INDEX FDS | VANGUARD ULTRA | $6.0m | 0.6% | 120,152 |  | Added +38,232 |
| [PERFORMANCE FOOD GROUP CO (PFGC)](/companies/pfgc.md) | COM | $5.9m | 0.6% | 52,549 |  | Reduced −1,203 |
| [NICOLET BANKSHARES INC (NIC)](/companies/nic.md) | COM | $5.9m | 0.6% | 35,434 |  | Reduced −729 |
| [M-TRON INDS INC (MPTI)](/companies/mpti.md) | COM | $5.9m | 0.6% | 59,011 |  | Added +8,468 |
| DANAOS CORPORATION | SHS | $5.8m | 0.6% | 47,412 |  | Added +5 |
| VANGUARD SCOTTSDALE FDS | SHRT TRM CORP BD | $5.0m | 0.5% | 63,544 |  | Added +17,109 |
| [STEEL DYNAMICS INC (STLD)](/companies/stld.md) | COM | $4.8m | 0.5% | 20,934 |  | Reduced −78 |
| [SOUTHSTATE BK CORP (SSB)](/companies/ssb.md) | COM | $4.6m | 0.5% | 46,447 |  | Reduced −641 |
| VANGUARD SCOTTSDALE FDS | SHORT TERM TREAS | $4.6m | 0.5% | 78,263 |  | Added +8,606 |
| [MIDERA FOOD PROCESSING INC (MFP)](/companies/mfp.md) | COM | $4.4m | 0.4% | 110,714 |  | New +110,714 |
| VANGUARD SCOTTSDALE FDS | INT-TERM CORP | $4.2m | 0.4% | 51,166 |  | Added +180 |
| [ARCOSA INC (ACA)](/companies/aca.md) | COM | $4.2m | 0.4% | 28,846 |  | Reduced −2,528 |
| ISHARES TR | TRUST ISHARE 0-1 | $4.1m | 0.4% | 37,117 |  | Unchanged |
| [ACM RESH INC (ACMR)](/companies/acmr.md) | COM CL A | $3.6m | 0.4% | 28,732 |  | Added +433 |
| [CAL MAINE FOODS INC (CALM)](/companies/calm.md) | COM NEW | $3.6m | 0.4% | 44,612 |  | Reduced −771 |
| [VALVOLINE INC (VVV)](/companies/vvv.md) | COM | $3.6m | 0.4% | 90,637 |  | Reduced −2,920 |
| INVESCO EXCHANGE TRADED FD T | S&P500 EQL WGT | $3.5m | 0.3% | 16,408 |  | Added +3 |
| ISHARES TR | ISHS 1-5YR INVS | $3.3m | 0.3% | 63,572 |  | Added +19,154 |
| [AMGEN INC (AMGN)](/companies/amgn.md) | COM | $3.2m | 0.3% | 8,800 |  | Reduced −22 |
| [NETAPP INC (NTAP)](/companies/ntap.md) | COM | $3.2m | 0.3% | 20,588 |  | Reduced −149 |
| [HEALTHEQUITY INC (HQY)](/companies/hqy.md) | COM | $3.2m | 0.3% | 35,026 |  | Reduced −1,783 |
| [HOME DEPOT INC (HD)](/companies/hd.md) | COM | $3.2m | 0.3% | 8,950 |  | Reduced −124 |
| [APPLE INC (AAPL)](/companies/aapl.md) | COM | $3.1m | 0.3% | 10,795 |  | Reduced −100 |
| ISHARES TR | ISHS 5-10YR INVT | $3.1m | 0.3% | 57,761 |  | Unchanged |
| [EMCOR GROUP INC (EME)](/companies/eme.md) | COM | $3.0m | 0.3% | 3,603 |  | Reduced −21 |
| [MOLSON COORS BEVERAGE CO (TAP)](/companies/tap.md) | CL B | $2.9m | 0.3% | 75,007 |  | Reduced −219 |
| [JEFFERIES FINANCIAL GROUP IN (JEF)](/companies/jef.md) | COM | $2.9m | 0.3% | 58,168 |  | Reduced −1,870 |
| [BOWHEAD SPECIALTY HLDGS INC (BOW)](/companies/bow.md) | COM SHS | $2.9m | 0.3% | 96,768 |  | Added +63,048 |
| [FIRST MERCHANTS CORP (FRME)](/companies/frme.md) | COM | $2.9m | 0.3% | 65,315 |  | Reduced −2,319 |
| [EAGLE MATLS INC (EXP)](/companies/exp.md) | COM | $2.8m | 0.3% | 12,588 |  | Reduced −423 |
| [ALKAMI TECHNOLOGY INC (ALKT)](/companies/alkt.md) | COM | $2.8m | 0.3% | 155,711 |  | Reduced −5,080 |
| VANGUARD SPECIALIZED FUNDS | DIV APP ETF | $2.8m | 0.3% | 11,658 |  | Unchanged |
| [LOCKHEED MARTIN CORP (LMT)](/companies/lmt.md) | COM | $2.7m | 0.3% | 5,343 |  | Reduced −49 |
| VANGUARD INDEX FDS | S&P 500 ETF SHS | $2.7m | 0.3% | 3,942 |  | Reduced −3 |
| [TEREX CORP NEW (TEX)](/companies/tex.md) | COM | $2.5m | 0.2% | 33,912 |  | Reduced −1,111 |
| [WESTERN ALLIANCE BANCORP (WAL)](/companies/wal.md) | COM | $2.1m | 0.2% | 26,098 |  | Reduced −65 |
| [ADVANCE AUTO PARTS INC (AAP)](/companies/aap.md) | COM | $2.1m | 0.2% | 34,110 |  | Added +127 |
| [CDW CORP (CDW)](/companies/cdw.md) | COM | $2.1m | 0.2% | 14,771 |  | Added +3,045 |
| NVENT ELEC PLC | SHS | $2.1m | 0.2% | 12,168 |  | Added +35 |
| [ASBURY AUTOMOTIVE GROUP INC (ABG)](/companies/abg.md) | COM | $2.0m | 0.2% | 10,149 |  | Reduced −1,346 |
| SUPER GROUP SGHC LIMITED | ORD SHS | $1.9m | 0.2% | 142,348 |  | Added +1,085 |
| [FLYWIRE CORPORATION (FLYW)](/companies/flyw.md) | COM VTG | $1.8m | 0.2% | 104,995 |  | Reduced −3,519 |
| ACCENTURE PLC IRELAND | SHS CLASS A | $1.8m | 0.2% | 14,255 |  | Added +1,797 |
| [ARES MANAGEMENT CORPORATION (ARES)](/companies/ares.md) | CL A COM STK | $1.8m | 0.2% | 15,846 |  | Added +35 |
| VANGUARD TAX-MANAGED FDS | VAN FTSE DEV MKT | $1.8m | 0.2% | 24,652 |  | Added +336 |
| SPDR SERIES TRUST | ST STR SP BIOT | $1.8m | 0.2% | 11,071 |  | Added +90 |
| [NRG ENERGY INC (NRG)](/companies/nrg.md) | COM NEW | $1.8m | 0.2% | 11,983 |  | Added +84 |
| [ORACLE CORP (ORCL)](/companies/orcl.md) | COM | $1.7m | 0.2% | 11,821 |  | Reduced −150 |
| [TENNANT CO (TNC)](/companies/tnc.md) | COM | $1.7m | 0.2% | 19,779 |  | Reduced −631 |
| [JPMORGAN CHASE & CO (JPM)](/companies/jpm.md) | COM | $1.7m | 0.2% | 5,227 |  | Reduced −7 |
| [VAIL RESORTS INC (MTN)](/companies/mtn.md) | COM | $1.7m | 0.2% | 12,174 |  | Reduced −371 |
| [AXOS FINANCIAL INC (AX)](/companies/ax.md) | COM | $1.7m | 0.2% | 17,011 |  | Added +94 |
| ISHARES TR | MBS ETF | $1.7m | 0.2% | 17,518 |  | Unchanged |
| [BANK OF AMER CORP (BAC)](/companies/bac.md) | COM | $1.6m | 0.2% | 28,666 |  | Added +179 |
| [UNUM GROUP (UNM)](/companies/unm.md) | COM | $1.6m | 0.2% | 18,176 |  | Added +93 |
| VANGUARD INDEX FDS | MID CAP ETF | $1.6m | 0.2% | 20,059 |  | Added +15,093 |
| [ELEMENT SOLUTIONS INC (ESI)](/companies/esi.md) | COM | $1.6m | 0.2% | 33,577 |  | Reduced −8,040 |
| [TD SYNNEX CORPORATION (SNX)](/companies/snx.md) | COM | $1.6m | 0.2% | 5,978 |  | Reduced −25 |
| [UNION PAC CORP (UNP)](/companies/unp.md) | COM | $1.6m | 0.2% | 5,757 |  | Reduced −2 |
| [ENCOMPASS HEALTH CORP (EHC)](/companies/ehc.md) | COM | $1.5m | 0.2% | 15,247 |  | Added +119 |
| [BERKSHIRE HATHAWAY INC DEL (BRK-B)](/companies/brk-b.md) | CL B NEW | $1.5m | 0.2% | 3,058 |  | Added +27 |
| [ALLISON TRANSMISSION HLDGS I (ALSN)](/companies/alsn.md) | COM | $1.5m | 0.1% | 13,326 |  | Added +89 |
| [SPIRE INC (SR)](/companies/sr.md) | COM | $1.5m | 0.1% | 19,063 |  | Added +111 |
| [REGAL REXNORD CORPORATION (RRX)](/companies/rrx.md) | COM | $1.5m | 0.1% | 6,117 |  | Reduced −2 |
| [STOCK YDS BANCORP INC (SYBT)](/companies/sybt.md) | COM | $1.4m | 0.1% | 18,582 |  | Reduced −894 |
| [TJX COS INC NEW (TJX)](/companies/tjx.md) | COM | $1.4m | 0.1% | 9,301 |  | Added +83 |
| [AMERICAN EXPRESS CO (AXP)](/companies/axp.md) | COM | $1.3m | 0.1% | 3,987 |  | Added +14 |
| INVESCO LTD | SHS | $1.3m | 0.1% | 50,775 |  | Added +494 |
| [ABBOTT LABORATORIES (ABT)](/companies/abt.md) | COM | $1.3m | 0.1% | 14,573 |  | Added +3,510 |
| [AUTOZONE INC (AZO)](/companies/azo.md) | COM | $1.2m | 0.1% | 368 |  | Added +5 |
| [RALLIANT CORP (RAL)](/companies/ral.md) | COM | $1.2m | 0.1% | 15,969 |  | Added +142 |
| [CHESAPEAKE UTILS CORP (CPK)](/companies/cpk.md) | COM | $1.1m | 0.1% | 9,350 |  | Added +144 |
| [JACKSON FINANCIAL INC (JXN)](/companies/jxn.md) | COM CL A | $993.2k | <0.1% | 9,700 |  | Added +92 |
| [COMMERCIAL METALS CO (CMC)](/companies/cmc.md) | COM | $987.9k | <0.1% | 15,744 |  | Added +167 |
| [MCDONALDS CORP (MCD)](/companies/mcd.md) | COM | $975.3k | <0.1% | 3,608 |  | Reduced −3 |
| [CHEVRON CORPORATION (CVX)](/companies/cvx.md) | COM | $921.0k | <0.1% | 5,556 |  | Reduced −10 |
| [SUPERNUS PHARMACEUTICALS (SUPN)](/companies/supn.md) | COM | $920.1k | <0.1% | 19,782 |  | Added +187 |
| WEBSTER FINL CORP | COM | $915.1k | <0.1% | 11,974 |  | Reduced −18,994 |
| [UNITEDHEALTH GROUP INC (UNH)](/companies/unh.md) | COM | $882.8k | <0.1% | 2,124 |  | Reduced −1 |
| [BOYD GAMING CORP (BYD)](/companies/byd.md) | COM | $823.7k | <0.1% | 9,325 |  | Added +39 |
| [HOLLEY INC (HLLY)](/companies/hlly.md) | COM | $805.3k | <0.1% | 315,821 |  | Reduced −10,740 |
| [CONOCOPHILLIPS (COP)](/companies/cop.md) | COM | $795.1k | <0.1% | 7,648 |  | Added +105 |
| [ACI WORLDWIDE INC (ACIW)](/companies/aciw.md) | COM | $791.7k | <0.1% | 15,742 |  | Added +75 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | $782.2k | <0.1% | 10,655 |  | Unchanged |
| [MONTE ROSA THERAPEUTICS INC (GLUE)](/companies/glue.md) | COM | $759.8k | <0.1% | 31,396 |  | Added +160 |
| [PATRICK INDS INC (PATK)](/companies/patk.md) | COM | $735.7k | <0.1% | 8,195 |  | Added +76 |
| [FULLER H B CO (FUL)](/companies/ful.md) | COM | $685.5k | <0.1% | 11,760 |  | Added +98 |
| [TOAST INC (TOST)](/companies/tost.md) | CL A | $610.7k | <0.1% | 21,952 |  | Added +155 |
| GENPACT LIMITED | SHS | $594.8k | <0.1% | 21,629 |  | Added +150 |
| [PROGRESS SOFTWARE CORP (PRGS)](/companies/prgs.md) | COM | $570.2k | <0.1% | 16,981 |  | Added +384 |
| GENIUS SPORTS LIMITED | SHARES CL A | $555.9k | <0.1% | 91,730 |  | Added +1,318 |
| [BLACKSTONE INC (BX)](/companies/bx.md) | COM | $549.2k | <0.1% | 4,667 |  | Unchanged |
| [AMPHASTAR PHARMACEUTICALS IN (AMPH)](/companies/amph.md) | COM | $511.3k | <0.1% | 25,337 |  | Added +2 |
| [STATE STR SPDR S&P 500 ETF T (SPY)](/companies/spy.md) | TR UNIT | $441.3k | <0.1% | 591 |  | Reduced −15 |
| ISHARES TR | MSCI ACWI ETF | $351.2k | <0.1% | 2,237 |  | New +2,237 |
| SPDR SERIES TRUST | ST STR SP DIV | $329.3k | <0.1% | 2,164 |  | Unchanged |
| [CUE BIOPHARMA INC (CUE)](/companies/cue.md) | COM | $270.6k | <0.1% | 8,573 |  | New +8,573 |
| PROSHARES TR | S&P 500 DV ARIST | $250.6k | <0.1% | 4,462 |  | Added +2,231 |
| [ATOMERA INC (ATOM)](/companies/atom.md) | COM | $174.2k | <0.1% | 20,000 |  | Unchanged |
| [HEARTBEAM INC (BEATW)](/companies/beatw.md) | COM | $37.5k | <0.1% | 50,000 |  | Unchanged |

## Sold out

Held at the end of the quarter before and not reported this quarter.

| Issuer | Class | Reported value | Weight | Shares | Put or call | Change on the quarter before |
| --- | --- | ---: | ---: | ---: | --- | --- |
| [COPART INC (CPRT)](/companies/cprt.md) | COM | $0 | 0.0% | 0 |  | Sold out −27,788 |
| CUE BIOPHARMA INC | COM | $0 | 0.0% | 0 |  | Sold out −257,225 |
| EMERALD HOLDING INC | COM | $0 | 0.0% | 0 |  | Sold out −1,867,195 |
| [PHINIA INC (PHIN)](/companies/phin.md) | COMMON STOCK | $0 | 0.0% | 0 |  | Sold out −37,203 |

Source: SEC EDGAR, Form 13F-HR, accession 0000902584-26-000007. Last ingested by Listed: Oct 22, 2026, 05:26 ET. No prices; not investment advice.