N-PORT filing recap · May 2025
What did FPA Queens Road Small Cap Value Fund buy in May 2025?
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
$827.74M
Positions
51
Estimated turnover
21.4%
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.
Period in review
FPA Queens Road Small Cap Value Fund opened new positions in Ingles Markets, Nelnet, and Angi, while exiting Mativ Holdings and Arcadium Lithium. The fund substantially added to Arrow Electronics, Vishay Intertechnology, MDU Resources Group, New Jersey Resources, Upbound Group, Synaptics, Concentrix, and Scholastic, and dramatically increased its stakes in Rev Group, Littelfuse, Darling Ingredients, and Five Star Bancorp. It trimmed Interdigital, Sprouts Farmers Market, Axos Financial, Advance Auto Parts, CSW Industrials, and Brookfield Asset Management, with the latter two cut substantially.