Applied Fundamental Research, LLC Long-Term Concentrated

CIK: 0001849776 · Show all filings

Period: Q3 2025 (← Previous) (Next →)

Filing Date: Oct 30, 2025

Total Value ($000): $102,920 (100.0% shares, 0.0% debt)

Holdings (10)

DY DYCOM INDS INC 15.3%

Value ($000) $15,760 Shares 54,018 Est. Cost $105.71 Unrealized +148.2%

IAC IAC INC 14.8%

Value ($000) $15,272 Shares 448,254 Est. Cost $83.51 Unrealized -55.3%

GLPI GAMING & LEISURE PPTYS INC 9.8%

Value ($000) $10,053 Shares 215,693 Est. Cost $44.48 Unrealized —

UHAL/B U HAUL HOLDING COMPANY 9.6%

Value ($000) $9,919 Shares 194,870 Est. Cost $63.29 Unrealized -15.9%

UFPT UFP TECHNOLOGIES INC 9.5%

Value ($000) $9,731 Shares 48,753 Est. Cost $85.21 Unrealized +158.1%

NOMD NOMAD FOODS LTD 9.4%

Value ($000) $9,705 Shares 738,016 Est. Cost $23.82 Unrealized -34.2%

— HEIDRICK & STRUGGLES INTL IN 8.4%

Value ($000) $8,690 Shares 174,612 Est. Cost $33.60 Unrealized —

FIGS FIGS INC 8.3%

Value ($000) $8,529 Shares 1,274,818 Est. Cost $6.75 Unrealized -2.2%

NABL N-ABLE INC 8.0%

Value ($000) $8,261 Shares 1,059,149 Est. Cost $12.76 Unrealized -37.2%

ALGN ALIGN TECHNOLOGY INC 6.8%

Value ($000) $6,999 Shares 55,894 Est. Cost $167.84 Unrealized -6.7%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
DY	DYCOM INDS INC	54,018	$15,760	15.3%	$105.71	+148.2%	COM	267475101
IAC	IAC INC	448,254	$15,272	14.8%	$83.51	-55.3%	COM NEW	44891N208
GLPI	GAMING & LEISURE PPTYS INC	215,693	$10,053	9.8%	$44.48	—	COM	36467J108
UHAL/B	U HAUL HOLDING COMPANY	194,870	$9,919	9.6%	$63.29	-15.9%	COM SER N	023586506
UFPT	UFP TECHNOLOGIES INC	48,753	$9,731	9.5%	$85.21	+158.1%	COM	902673102
NOMD	NOMAD FOODS LTD	738,016	$9,705	9.4%	$23.82	-34.2%	USD ORD SHS	G6564A105
—	HEIDRICK & STRUGGLES INTL IN	174,612	$8,690	8.4%	$33.60	—	COM	422819102
FIGS	FIGS INC	1,274,818	$8,529	8.3%	$6.75	-2.2%	CL A	30260D103
NABL	N-ABLE INC	1,059,149	$8,261	8.0%	$12.76	-37.2%	COMMON STOCK	62878D100
ALGN	ALIGN TECHNOLOGY INC	55,894	$6,999	6.8%	$167.84	-6.7%	COM	016255101