ADVISORY RESEARCH INC

CIK 0000902584 · Q2 2026

13F Equity AUM

$1.0B

+23.2% QoQ

Positions

136

-1 QoQ

AUM Rank

#2,429

Top 28%

Skill Alpha (FF)

-2.3%/yr^ns

No Clear Edge

Rank #6,187 · Top 74%

vs S&P -4.1%/yr (unadj.)

Quarters Tracked

~13 years

Portfolio Concentration

Top 5: 26.2%Top 10: 41.4%Top 20: 62.0%

MYE6.5%

OPLN6.3%

TRS5.4%

TSM4.0%

BELFB3.9%

PRSU3.7%

GOOGL3.4%

KDP2.8%

JBT2.8%

DJCO2.5%

Others (126)58.6%

HHI (Herfindahl-Hirschman Index) measures portfolio concentration. Low (<1500) = diversified, Moderate (1500-2500), High (>2500) = concentrated bets.

Sector Allocation

Consumer Cyclical26.1%

Technology18.9%

Industrials14.7%

Financial Services14.5%

Communication Services5.4%

Consumer Defensive4.9%

Healthcare4.3%

Energy3.3%

Other7.9%

Portfolio weight by GICS sector based on latest 13F filing. Sectors below 2% are grouped as “Other.”

Position Sizing

Positions: 136Median: 0.27%Avg: 0.74%

0–0.5%

94(17.7%)

0.5–1%

14(10.2%)

1–3%

21(38.9%)

3–5%

4(15.0%)

5%+

3(18.3%)

Count of positions per weight bucket — (%) = combined portfolio weight

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Portfolio Overlap

Shared: 0Unique: 136vs 20 funds

0%Low

136

Fund positions

Consensus CUSIPs

Jaccard similarity of this fund’s portfolio vs the consensus of top 20 funds by AUM. Low (<15%) = contrarian, Moderate (15-40%), High (>40%) = follows the crowd.

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Position Changes This Quarter

New3Increased77Decreased47Exited4

New Positions

MIDERA FOOD PROCESSI…0.4%

+111K

ACWI0.0%

+2K

CUE BIOPHARMA INC0.0%

+9K

Increased

MYE6.5%

+332K(+22%)

OPLN6.3%

+252K(+20%)

LTM1.6%

+175K(+178%)

TRS5.4%

+92K(+8%)

BOW0.3%

+63K(+187%)

JBT2.8%

+49K(+35%)

VUSB0.6%

+38K(+47%)

KDP2.8%

+28K(+3%)

MTG2.3%

+23K(+3%)

IGSB0.3%

+19K(+43%)

Decreased

ACVA1.8%

-516,670(-17%)

APA0.8%

-111,932(-30%)

MTDR0.9%

-57,806(-24%)

WBS0.1%

-18,994(-61%)

HLLY0.1%

-10,740(-3%)

PAHUSD0.2%

-8,040(-19%)

PRSU3.7%

-7,580(-1%)

ALKT0.3%

-5,080(-3%)

LEGH2.4%

-5,033(-1%)

FLYW0.2%

-3,519(-3%)

Exited

-1,867,195

-37,203

-27,788

-257,225

Quarter-over-quarter changes compared to prior 13F filing. New = first appearance; Exited = no longer held.

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Holdings

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