N-PORT filing recap · May 2024

What did FPA Queens Road Small Cap Value Fund buy in May 2024?

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

$644.75M

Positions

Estimated turnover

14.1%

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

BAMBrookfield Asset Management Ltd.$7.30Mreported value+185.9K shares

Increased positions

AXAxos Financial, Inc.$20.11Mreported value+35.0K shares+10.3%ESGREnstar Group Limited$19.48Mreported value+23.3K shares+60.0%PPLIIac Inc.$19.22Mreported value+107.7K shares+38.7%MTGMgic Investment Corp$17.85Mreported value+50.0K shares

Reduced positions

FNFabrinet$31.72Mreported value-25.0K shares-15.9%DECKDeckers Outdoor Corp$7.22Mreported value-13.8K shares-67.6%MATVMativ Holdings, Inc.$3.26Mreported value-50.0K shares-21.6%

Exited positions

AELAmerican Equity Investment Life Holding Company$22.71Mprior reported value-408.9K shares-100.0%UNFIUnited Natural Foods, Inc.$5.99Mprior reported value-383.8K shares-100.0%