FULLER & THALER ASSET MANAGEMENT, INC.
"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.
13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.
We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 32 quarters, returned +3.2% per quarter — versus +2.7% per quarter from simply owning every 13F stock. It beat that baseline in only 53.1% of quarters (excess t = -0.19, not statistically significant). Its filings tell you what it bought — not what you should buy.
Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)
Top 20 holdings of 497 · 2026 Q1
| Ticker | Value | Weight | QoQ |
|---|---|---|---|
| AMCR | $544M | | NEW |
| DOC | $480M | | HOLD |
| PRIM | $424M | | TRIM |
| LITE | $413M | | TRIM |
| ALSN | $397M | | ADD |
| EXEL | $366M | | ADD |
| FIX | $334M | | TRIM |
| ONB | $333M | | TRIM |
| SON | $320M | | HOLD |
| JAZZ | $317M | | HOLD |
| BE | $312M | | TRIM |
| FNB | $299M | | TRIM |
| VRT | $298M | | ADD |
| LKQ | $292M | | ADD |
| DVN | $281M | | TRIM |
| PRMB | $266M | | TRIM |
| SAIC | $256M | | ADD |
| CE | $245M | | TRIM |
| ST | $242M | | ADD |
| MTCH | $238M | | ADD |
QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.
New positions in 2026 Q1
Method & Limitations
Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.