Applied Fundamental Research, LLC Long-Term Concentrated

CIK: 0001849776 · Show all filings

Period: Q2 2025 (← Previous) (Next →)

Filing Date: Jul 28, 2025

Total Value ($000): $112,830 (100.0% shares, 0.0% debt)

Holdings (11)

IAC IAC INC 15.5%

Value ($000) $17,458 Shares 467,541 Est. Cost $83.51 Unrealized -56.7%

DY DYCOM INDS INC 14.7%

Value ($000) $16,556 Shares 67,746 Est. Cost $105.71 Unrealized +86.2%

NOMD NOMAD FOODS LTD 13.3%

Value ($000) $14,970 Shares 881,092 Est. Cost $23.82 Unrealized -22.9%

GLPI GAMING & LEISURE PPTYS INC 9.7%

Value ($000) $10,951 Shares 234,597 Est. Cost $44.48 Unrealized —

UFPT UFP TECHNOLOGIES INC 8.5%

Value ($000) $9,629 Shares 39,439 Est. Cost $53.39 Unrealized +321.5%

UHAL/B U HAUL HOLDING COMPANY 8.2%

Value ($000) $9,288 Shares 170,824 Est. Cost $64.71 Unrealized -13.7%

FIGS FIGS INC 8.0%

Value ($000) $8,983 Shares 1,592,780 Est. Cost $6.75 Unrealized -31.6%

NABL N-ABLE INC 7.5%

Value ($000) $8,492 Shares 1,048,374 Est. Cost $12.81 Unrealized -41.7%

— HEIDRICK & STRUGGLES INTL IN 7.2%

Value ($000) $8,099 Shares 176,988 Est. Cost $33.60 Unrealized —

ALGN ALIGN TECHNOLOGY INC 5.3%

Value ($000) $5,925 Shares 31,292 Est. Cost $176.66 Unrealized 0.0%

JBI JANUS INTERNATIONAL GROUP IN 2.2%

Value ($000) $2,479 Shares 304,542 Est. Cost $13.97 Unrealized -45.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IAC	IAC INC	467,541	$17,458	15.5%	$83.51	-56.7%	COM NEW	44891N208
DY	DYCOM INDS INC	67,746	$16,556	14.7%	$105.71	+86.2%	COM	267475101
NOMD	NOMAD FOODS LTD	881,092	$14,970	13.3%	$23.82	-22.9%	USD ORD SHS	G6564A105
GLPI	GAMING & LEISURE PPTYS INC	234,597	$10,951	9.7%	$44.48	—	COM	36467J108
UFPT	UFP TECHNOLOGIES INC	39,439	$9,629	8.5%	$53.39	+321.5%	COM	902673102
UHAL/B	U HAUL HOLDING COMPANY	170,824	$9,288	8.2%	$64.71	-13.7%	COM SER N	023586506
FIGS	FIGS INC	1,592,780	$8,983	8.0%	$6.75	-31.6%	CL A	30260D103
NABL	N-ABLE INC	1,048,374	$8,492	7.5%	$12.81	-41.7%	COMMON STOCK	62878D100
—	HEIDRICK & STRUGGLES INTL IN	176,988	$8,099	7.2%	$33.60	—	COM	422819102
ALGN	ALIGN TECHNOLOGY INC	31,292	$5,925	5.3%	$176.66	0.0%	COM	016255101
JBI	JANUS INTERNATIONAL GROUP IN	304,542	$2,479	2.2%	$13.97	-45.4%	COMMON STOCK	47103N106