Applied Fundamental Research, LLC Long-Term Concentrated

Name: Applied Fundamental Research, LLC Q2 2026 13F Filing | 13F Explorer
Creator: Applied Fundamental Research, LLC
Published: 2026-08-13

Location: Cambridge, MA

CIK: 0001849776 · Show all filings

Period: Q2 2026 (← Previous)

Filing Date: Aug 13, 2026

Total Value: $84.53M (100.0% shares, 0.0% debt)

Holdings (10)

New Positions (2)

BFAM BRIGHT HORIZONS FAM SOL IN D 5.1%

Value $4.279M Shares 60,370 Est. Cost — Unrealized —

IGV ISHARES TR 0.5%

Value $389K Shares 4,294 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
BFAM	BRIGHT HORIZONS FAM SOL IN D	60,370	$4.279M	5.1%	—	—	COM	109194100
IGV	ISHARES TR	4,294	$389K	0.5%	—	—	S&P 100 ETF	464287515

Increased Positions (3)

DY DYCOM INDS INC 22.7%

Value $19.17M (+61.8%) Shares 37,923 (+8.4%) Est. Cost — Unrealized —

HEI/A HEICO CORP 15.2%

Value $12.88M (+52.9%) Shares 49,958 (+25.1%) Est. Cost — Unrealized —

FIGS FIGS INC 8.4%

Value $7.133M (-6.3%) Shares 697,247 (+35.2%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
DY	DYCOM INDS INC	37,923 (+8.4%)	$19.17M (+61.8%)	22.7%	—	—	COM	267475101
HEI/A	HEICO CORP	49,958 (+25.1%)	$12.88M (+52.9%)	15.2%	—	—	NEW CL A	422806208
FIGS	FIGS INC	697,247 (+35.2%)	$7.133M (-6.3%)	8.4%	—	—	CL A	30260D103

Exited Positions (2)

GLPI GAMING & LEISURE P 2.4%

Value $2.043M Shares 46,034 Est. Cost — Unrealized —

NOMD NOMAD FOODS LTD 2.1%

Value $1.779M Shares 185,121 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
GLPI	GAMING & LEISURE P	46,034	$2.043M	2.4%	—	—	—	36467J108
NOMD	NOMAD FOODS LTD	185,121	$1.779M	2.1%	—	—	—	G6564A105

Decreased Positions (4)

NABL N-ABLE INC 2.5%

Value $2.119M (-63.5%) Shares 577,464 (-53.6%) Est. Cost — Unrealized —

IAC PEOPLE INC 10.1%

Value $8.527M (-30.2%) Shares 184,734 (-39.5%) Est. Cost — Unrealized —

UFPT UFP TECHNOLOGIES INC 15.8%

Value $13.39M (+31.0%) Shares 50,498 (-4.3%) Est. Cost — Unrealized —

ALGN ALIGN TECHNOLOGY INC 11.6%

Value $9.766M (-7.1%) Shares 57,903 (-5.6%) Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
NABL	N-ABLE INC	577,464 (-53.6%)	$2.119M (-63.5%)	2.5%	—	—	COMMON STOCK	62878D100
IAC	PEOPLE INC	184,734 (-39.5%)	$8.527M (-30.2%)	10.1%	—	—	COM NEW	44891N208
UFPT	UFP TECHNOLOGIES INC	50,498 (-4.3%)	$13.39M (+31.0%)	15.8%	—	—	COM	902673102
ALGN	ALIGN TECHNOLOGY INC	57,903 (-5.6%)	$9.766M (-7.1%)	11.6%	—	—	COM	016255101

Unchanged Positions (1)

UHAL/B U HAUL HOLDING COMPANY 8.1%

Value $6.869M Shares 119,045 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
UHAL/B	U HAUL HOLDING COMPANY	119,045	$6.869M	8.1%	—	—	COM SER N	023586506