ZPR Investment Management

Diversified strategyMomentum followerQuality / disciplined sizing

Total reported value

$46.8M

Reporting period: 2019-09-30 · Number of holdings: 79

ZPR Investment Management disclosed 79 holdings in its latest 13F filing for the period ending 2019-09-30, with total reported value of $46.8M and a quarterly turnover rate of 46.6%.

Personality snowflake

Concentration: 9.5
Portfolio Stability: 46.64
Momentum/Contrarian: 100
Sector conviction: 0
Diversification: 100
Sizing Uniformity: 90.58

Recent moves

Add GRBK
+554.3%　$948.0K
Trim NC
-73.6%　-$570.0K
Add MLR
+30.8%　$450.0K
Add TACT
+26.9%　$379.0K
Trim PLBC
-6.0%　-$458.0K
Trim DBI
-50.9%　-$354.0K

Holdings Map

New buyAddUnchangedTrim

Top 10 holdings by weight

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	SNX	TD Synnex CORP	Stock-Tech	6.10%	+0.69%	-6.28%
2	CRMT	America's Car-mart INC	Stock-Other	4.22%	-0.29%	-16.30%
3	GNRC	Generac Holdings INC	Stock-Industrials	3.73%	-0.46%	-24.83%
4	PWR	Quanta Services INC	Stock-Industrials	3.63%	—	-6.15%
5	ZBRA	Zebra Technologies Corp-cl A	Stock-Tech	3.59%	—	-6.24%
6	ATKR	Atkore INC	Stock-Other	3.54%	—	-6.27%
7	PLBC	Plumas Bancorp	Stock-Other	3.49%	-0.77%	-6.02%
8	MLR	Miller Industries Inc/tenn	Stock-Other	3.27%	+1.07%	+30.85%
9	TACT	Transact Technologies INC	Stock-Other	3.00%	+0.91%	+26.92%
10	WD	Walker & Dunlop INC	Stock-Other	2.94%	—	-5.78%
11	OSK	Oshkosh CORP	Stock-Industrials	2.66%	-0.31%	-6.13%
12	DIOD	Diodes INC	Stock-Other	2.51%	—	-5.58%
13	CASH	Pathward Financial INC	Stock-Other	2.45%	—	-6.07%
14	RCKY	Rocky Brands INC	Stock-Other	2.36%	—	-6.18%
15	GRBK	Green Brick Partners INC	Stock-Other	2.30%	+2.04%	+554.27%
16	MCFT	Mastercraft Boat Holdings In	Stock-Other	2.08%	-0.68%	-6.00%
17	VTY	Verint Systems INC	Stock-Other	2.07%	—	+29.32%
18	TALO	Talos Energy INC	Stock-Other	2.06%	-0.41%	-5.69%
19	SANM	Sanmina CORP	Stock-Tech	1.84%	—	-7.52%
20	PFBC	Preferred Bank/los Angeles	Stock-Other	1.84%	-0.68%	-37.39%
21	UFPIEUR	Universal Forest Products	Stock-Other	1.81%	+1.81%	NEW
22	NMRK	Newmark Group Inc-class A	Stock-Other	1.72%	—	-8.22%
23	FOA	Fonar CORP	Stock-Other	1.66%	—	-6.11%
24	TKR	Timken Co	Stock-Industrials	1.65%	-0.32%	-5.79%
25	MHH	Mastech Digital INC	Stock-Other	1.57%	—	-6.47%
26	PKOH	Park-ohio Holdings CORP	Stock-Other	1.56%	—	-6.03%
27	NTWK	Netsol Technologies INC	Stock-Other	1.41%	+0.63%	+69.91%
28	CPRI	Capri Holdings Limited	Stock-Consumer Disc	1.37%	—	-6.03%
29	MDC1USD	Mdc Holdings INC	Stock-Other	1.14%	+1.14%	NEW
30	BMCH	Bmc Stock Holdings INC	Stock-Other	1.10%	+1.10%	NEW
31	SBFG	Sb Financial Group INC	Stock-Other	1.08%	—	-7.08%
32	PRFTUSD	Perficient INC	Stock-Other	1.07%	+1.07%	NEW
33	HELE	Helen of Troy Limited	Stock-Other	0.99%	+0.99%	NEW
34	MLKN	Millerknoll INC	Stock-Other	0.96%	+0.96%	NEW
35	✓	Guaranty Fed Bancshares INC	Stock-Other	0.94%	—	-4.97%
36	JLL	Jones Lang Lasalle INC	Stock-Real Estate	0.91%	+0.91%	NEW
37	FAF	First American Financial	Stock-Financials	0.91%	+0.91%	NEW
38	EVTC	Evertec INC	Stock-Other	0.87%	+0.87%	NEW
39	FMNB	Farmers Natl Banc CORP	Stock-Other	0.81%	—	-8.22%
40	NODK	Ni Holdings INC	Stock-Other	0.80%	—	+12.11%
41	ODC	Oil-dri CORP Of America	Stock-Other	0.76%	—	-0.96%
42	UNTY	Unity Bancorp INC	Stock-Other	0.75%	—	-8.23%
43	WOO	Foot Locker INC	Stock-Other	0.67%	-0.63%	-52.30%
44	AXE3EUR	Anixter International INC	Stock-Other	0.64%	+0.64%	NEW
45	DBI	Designer Brands Inc-class A	Stock-Other	0.59%	-0.69%	-50.89%
46	SNFCA	Security Natl Finl Corp-cl A	Stock-Other	0.59%	—	-6.75%
47	NC	Nacco Industries-cl A	Stock-Other	0.59%	-1.13%	-73.59%
48	UG	United Guardian INC	Stock-Other	0.55%	—	+0.88%
49	BELFB	Bel Fuse Inc-cl B	Stock-Other	0.54%	—	-6.08%
50	RIVE	Riverview Financial CORP	Stock-Other	0.53%	—	-7.76%

1–50 of 79

Portfolio Performance

Not enough priced holdings yet to compute performance

Reported value over time

Sector allocation

Sector allocation over time

Quarterly history

Period	Holdings	Total value	Stability	Top holdings
2019-09-30	79	$46.8M	47	1SNX 2CRMT 3GNRC Top holdings2019-09-30 1.SNX 2.CRMT 3.GNRC 4.PWR 5.ZBRA 6.ATKR 7.PLBC 8.MLR 9.TACT 10.WD
2019-06-30	76	$49.1M	53	1SNX 2CRMT 3PLBC Top holdings2019-06-30 1.SNX 2.CRMT 3.PLBC 4.GNRC 5.PWR 6.ZBRA 7.ATKR 8.OSK 9.WD 10.MCFT
2019-03-31	86	$50.7M	68	1SNX 2CRMT 3MCFT Top holdings2019-03-31 1.SNX 2.CRMT 3.MCFT 4.PLBC 5.ZBRA 6.GNRC 7.TALO 8.PFBC 9.097793 10.KEMUSD
2018-12-31	76	$50.3M	71	1SNX 2PLBC 3CE Top holdings2018-12-31 1.SNX 2.PLBC 3.CE 4.MCFT 5.CRMT 6.GNRC 7.ZBRA 8.HELE 9.KEMUSD 10.CVLG
2018-09-30	79	$66.0M	71	155276F2CE 3SNX Top holdings2018-09-30 1.55276F 2.CE 3.SNX 4.RS 5.PLBC 6.NSIT 7.FMC 8.097793 9.MHO 10.HELE
2018-06-30	71	$74.7M	56	1SNX255276F3CE Top holdings2018-06-30 1.SNX 2.55276F 3.CE 4.RS 5.MHO 6.PLBC 7.UCTT 8.AEIS 9.NSIT 10.LPX
2018-03-31	64	$69.4M	68	1SNX 2MHO 3UCTT Top holdings2018-03-31 1.SNX 2.MHO 3.UCTT 4.AEIS 5.55276F 6.G0551A 7.EVOL 8.TUP 9.TOWR 10.HELE
2017-12-31	66	$69.3M	58	1SNX 2MHO 3APOG Top holdings2017-12-31 1.SNX 2.MHO 3.APOG 4.UCTT 5.G0551A 6.CUBI 7.HELE 8.EVOL 9.SANM 10.LN5
2017-09-30	64	$65.9M	56	1SNX 2APOG 3LGIH Top holdings2017-09-30 1.SNX 2.APOG 3.LGIH 4.LN5 5.CUBI 6.MHO 7.BC 8.G0551A 9.UCTT 10.CRUS
2017-06-30	62	$65.3M	40	176547T2APOG 3LN5 Top holdings2017-06-30 1.76547T 2.APOG 3.LN5 4.SNX 5.G0551A 6.THO 7.LGIH 8.EVOL 9.TOWR 10.CPS
2017-03-31	60	$61.5M	64	176547T2LN5 3PLUS Top holdings2017-03-31 1.76547T 2.LN5 3.PLUS 4.APOG 5.CNXN 6.G0551A 7.SNX 8.THO 9.LGIH 10.EVOL
2016-12-31	49	$57.7M	43	176547T2LN5 3LGIH Top holdings2016-12-31 1.76547T 2.LN5 3.LGIH 4.PLUS 5.CNXN 6.APOG 7.TBI 8.KNL 9.DLX 10.EVOL
2016-09-30	44	$57.1M	49	176547T2LN5 3CNXN Top holdings2016-09-30 1.76547T 2.LN5 3.CNXN 4.LGIH 5.PLUS 6.TBI 7.APOG 8.KNL 9.WNC 10.MXL
2016-06-30	44	$52.8M	56	176547T2LGIH 3CNXN Top holdings2016-06-30 1.76547T 2.LGIH 3.CNXN 4.LN5 5.050095 6.PLUS 7.TBI 8.EVOL 9.UFI 10.AXP
2016-03-31	37	$68.3M	72	176547T2CNXN 3LGIH Top holdings2016-03-31 1.76547T 2.CNXN 3.LGIH 4.LN5 5.PLUS 6.SCL 7.050095 8.TBI 9.02916P 10.EVOL
2015-12-31	28	$81.0M	31	1LN5276547T3CNXN Top holdings2015-12-31 1.LN5 2.76547T 3.CNXN 4.SNX 5.LGIH 6.IOSP 7.PLUS 8.KAI 9.SCL 10.UFPIEUR
2015-09-30	32	$81.9M	43	1LN5276547T302916P Top holdings2015-09-30 1.LN5 2.76547T 3.02916P 4.SNX 5.CNXN 6.LGIH 7.IOSP 8.KAI 9.UFPIEUR 10.PLUS
2015-06-30	31	$95.3M	33	1LN5202916P3CNXN Top holdings2015-06-30 1.LN5 2.02916P 3.CNXN 4.76547T 5.KAI 6.SNX 7.PLUS 8.LGIH 9.SCL 10.UFPIEUR
2015-03-31	23	$98.4M	33	1LN5202916P3ARLP Top holdings2015-03-31 1.LN5 2.02916P 3.ARLP 4.PLUS 5.KAI 6.CNXN 7.UFPIEUR 8.SF9 9.AIT 10.76547T
2014-12-31	23	$93.3M	56	102916P2ARLP 3LN5 Top holdings2014-12-31 1.02916P 2.ARLP 3.LN5 4.PLUS 5.SF9 6.UFPIEUR 7.45825N 8.CNXN 9.76547T 10.SNX
2014-09-30	32	$97.0M	100	1ARLP202916P3LN5 Top holdings2014-09-30 1.ARLP 2.02916P 3.LN5 4.LGIH 5.SWKS 6.WOO 7.KAI 8.CNXN 9.019344 10.PLUS
2014-06-30	79	$108.3M	63	102916P2ARLP 3SWKS Top holdings2014-06-30 1.02916P 2.ARLP 3.SWKS 4.050095 5.019344 6.GEOS 7.CNXN 8.WOO 9.682128 10.KAI
2014-03-31	37	$94.0M	81	102916P2ARLP3050095 Top holdings2014-03-31 1.02916P 2.ARLP 3.050095 4.SWKS 5.GEOS 6.IRDM 7.CNXN 8.29285W 9.WOO 10.MATV
2013-12-31	41	$91.6M	100	102916P2MATV3050095 Top holdings2013-12-31 1.02916P 2.MATV 3.050095 4.GEOS 5.CDE 6.LXU 7.AEUSD 8.CTB 9.WOO 10.SWKS
2013-09-30	40	$79.6M	82	102916P2GEOS 3CNXN Top holdings2013-09-30 1.02916P 2.GEOS 3.CNXN 4.EVOL 5.SLCAUSD 6.MATV 7.VG1EUR 8.GCO 9.NEU 10.RCKY
2013-06-30	45	$85.9M	0	1CNXN 2CRMT 3KTCC Top holdings2013-06-30 1.CNXN 2.CRMT 3.KTCC 4.AEUSD 5.MATV 6.EVOL 7.ACETEUR 8.CROX 9.SLCAUSD 10.NSIT

Holding changes this quarter

ZPR Investment Management's most significant position changes for 2019-09-30: Sold out: Bonanza Creek Energy I Com; Sold out: Kennametal INC (KMT); New buy: Universal Forest Products (UFPIEUR); Sold out: Kemet CORP (KEMUSD); Sold out: G-iii Apparel Group LTD (GIII).

Position changes disclosed by ZPR Investment Management for the quarter ending 2019-09-30, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	GRBK	Green Brick Partners INC	+2%	+554.27%	Add
2	MLR	Miller Industries Inc/tenn	+1.1%	+30.85%	Add
3	TACT	Transact Technologies INC	+0.9%	+26.92%	Add
4	SNX	TD Synnex CORP	+0.7%	-6.28%	Trim
5	NTWK	Netsol Technologies INC	+0.6%	+69.91%	Add
6	CRMT	America's Car-mart INC	-0.3%	-16.30%	Trim
7	OSK	Oshkosh CORP	-0.3%	-6.13%	Trim
8	TKR	Timken Co	-0.3%	-5.79%	Trim
9	TALO	Talos Energy INC	-0.4%	-5.69%	Trim
10	GNRC	Generac Holdings INC	-0.5%	-24.83%	Trim
11	NAII	Natural Alternatives Intl	-0.5%	-49.05%	Trim
12	WOO	Foot Locker INC	-0.6%	-52.30%	Trim
13	MCFT	Mastercraft Boat Holdings In	-0.7%	-6.00%	Trim
14	PFBC	Preferred Bank/los Angeles	-0.7%	-37.39%	Trim
15	DBI	Designer Brands Inc-class A	-0.7%	-50.89%	Trim
16	PLBC	Plumas Bancorp	-0.8%	-6.02%	Trim
17	NC	Nacco Industries-cl A	-1.1%	-73.59%	Trim
18	✓	Bonanza Creek Energy I Com	—	EXIT	Sold out
19	KMT	Kennametal INC	—	EXIT	Sold out
20	UFPIEUR	Universal Forest Products	—	NEW	New buy
21	KEMUSD	Kemet CORP	—	EXIT	Sold out
22	GIII	G-iii Apparel Group LTD	—	EXIT	Sold out
23	CLAR	Clarus CORP	—	EXIT	Sold out
24	MDC1USD	Mdc Holdings INC	—	NEW	New buy
25	RRX	Regal Rexnord CORP	—	EXIT	Sold out
26	BMCH	Bmc Stock Holdings INC	—	NEW	New buy
27	PRFTUSD	Perficient INC	—	NEW	New buy
28	HELE	Helen of Troy Limited	—	NEW	New buy
29	MLKN	Millerknoll INC	—	NEW	New buy
30	JLL	Jones Lang Lasalle INC	—	NEW	New buy
31	FAF	First American Financial	—	NEW	New buy
32	EVTC	Evertec INC	—	NEW	New buy
33	CUROEUR	Curo Group Holdings CORP	—	EXIT	Sold out
34	BFC	Bank First CORP	—	EXIT	Sold out
35	MAMS	Mam Software Group INC	—	EXIT	Sold out
36	AXE3EUR	Anixter International INC	—	NEW	New buy
37	FCAP	First Capital INC	—	EXIT	Sold out
38	✓	Hmn Financial INC	—	NEW	New buy
39	RUSHA	Rush Enterprises Inc-cl A	—	EXIT	Sold out
40	ACNB	Acnb CORP	—	EXIT	Sold out
41	PRPL	Purple Innovation INC	—	NEW	New buy
42	WLFC	Willis Lease Finance CORP	—	EXIT	Sold out
43	ALCO	Alico INC	—	NEW	New buy
44	MRBK	Meridian CORP	—	EXIT	Sold out
45	MYFW	First Western Financial INC	—	NEW	New buy
46	✓		—	NEW	New buy
47	✓	Pb Bancorp INC	—	NEW	New buy
48	PBIBEUR	Limestone Bancorp INC	—	NEW	New buy
49	VMD	Viemed Healthcare INC	—	NEW	New buy
50	HNNA	Hennessy Advisors INC	—	EXIT	Sold out

FAQ

What is ZPR Investment Management and what type of investor is it?

ZPR Investment Management is a investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2019-09-30), the firm manages a tracked equity portfolio valued at approximately $46.8M, spread across 79 disclosed positions.

What are ZPR Investment Management's largest equity positions?

Based on the latest 13F filing, ZPR Investment Management's top holdings by market value are: 1. TD Synnex CORP (SNX) — $2.9M (6.1%) 2. America's Car-mart INC (CRMT) — $2.0M (4.2%) 3. Generac Holdings INC (GNRC) — $1.7M (3.7%) 4. Quanta Services INC (PWR) — $1.7M (3.6%) 5. Zebra Technologies Corp-cl A (ZBRA) — $1.7M (3.6%)

What changes did ZPR Investment Management make in its most recent portfolio filing?

In the latest reported quarter, ZPR Investment Management made 50 notable position adjustments: 18 new positions were initiated, 4 existing holdings were added to, 13 positions were partially reduced, and 15 were completely exited. The largest of these moves: Sold out: Bonanza Creek Energy I Com; Sold out: Kennametal INC (KMT); New buy: Universal Forest Products (UFPIEUR); Sold out: Kemet CORP (KEMUSD); Sold out: G-iii Apparel Group LTD (GIII)

What sectors does ZPR Investment Management focus on?

ZPR Investment Management is concentrated in the following sectors based on its current disclosed equity portfolio: • Industrials: 44.3% • Information Technology: 43.6% • Consumer Discretionary: 5.2% • Real Estate: 3.5% • Financials: 3.4%