N-PORT filing recap · November 2023

What did FPA Queens Road Small Cap Value Fund buy in November 2023?

Reported stock-position changes between this filing and the previous one. These are FPA Queens Road Small Cap Value Fund's own holdings, not the firm's.

Stock value

$571.76M

Positions

Estimated turnover

5.8%

Turnover is a proxy: verified trade-origin share changes valued at period-end and divided by average reported stock value. SEC holdings reports do not disclose execution dates or prices. Corporate actions and unreconciled activity are excluded.

New positions

AANThe Aaron'S Company Inc$1.42Mreported value+160.9K shares

Increased positions

MSMMsc Industrial Direct Co., Inc.$18.85Mreported value+1.6K shares+0.8%CNXCConcentrix Corporation$17.86Mreported value+26.7K shares+16.3%CNOCno Financial Group, Inc.$13.63Mreported value+4.2K shares+0.8%UGIUgi Corporation$13.61Mreported value+70.8K shares

Reduced positions

FNFabrinet$31.96Mreported value-45.1K shares-18.6%ACHAccendra Health Inc/va/$2.53Mreported value-85.7K shares-40.2%MTZMastec, Inc.$703.3Kreported value-105.0K shares-90.1%

Exited positions

CCFChase Corporation$2.14Mprior reported value-16.9K shares-100.0%HNIHni Corporation$732.9Kprior reported value-22.4K shares-100.0%