FULLER & THALER ASSET MANAGEMENT, INC.
SEC Form 13F institutional filer · CIK 0001082327
13F-HR · 137 reported holdings · 2026-03-31
Asset management firm.
Reported long-US-equity value
$5.00B
Top-10 concentration
61.9%
FULLER & THALER ASSET MANAGEMENT, INC. — $5B AUM allocation strategy
FULLER & THALER ASSET MANAGEMENT, INC. files SEC Form 13F and reports $5B of long US equity value across 137 reported holdings for 2026-03-31.
Its largest sector bet is Industrials 18.0%, followed by Financials 16.3% and Information Technology 11.0%.
The top 10 holdings account for 62% of reported value — a conviction-weighted book concentrated in its best ideas. The sector and industry splits below are of the same reported value. Track quarter-over-quarter adds, trims, new positions and exits below — sourced from SEC 13F filings, public domain.
FULLER & THALER ASSET MANAGEMENT, INC. — latest SEC 13F insights
Reported long-US-equity value (13F AUM)
$5B
total across 137 reported holdings · 2026-03-31 · excludes shorts, cash, non-US
Top-10 concentration
62% of value
higher = narrower conviction; lower = spread / hedging
Biggest adds (shares)
+$FIS +2.58M sh · +$89.2M+$BRO +213K sh · +$8.22M+$SYF +198K sh · −$38.6M
Biggest trims (shares)
−$AMCR −46.2M sh · +$44.8M−$KEY −10M sh · −$486M−$RL −1.55M sh · −$264M
Exited to nil (held last quarter, gone now)
$MTB ($10.6M last qtr)$AXON ($1.4M last qtr)$TAP ($994K last qtr)$NUE ($726K last qtr)
Sector allocation (share of reported value)
each slice is a share of the reported long-US-equity value — smaller sectors and the rest of the book roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Industry allocation (share of reported value)
- Construction & Engineering11.0%—
- Paper & Plastic Packaging Products & Materials10.9%—
- Health Care REITs9.6%—
- Communications Equipment8.3%—
- Electrical Components & Equipment6.0%—
- Oil & Gas Exploration & Production5.6%—
- Life & Health Insurance4.0%—
- Apparel, Accessories & Luxury Goods3.5%—
- Other holdings41.1%—
the finer GICS cut of the same book — same denominator — smaller industries roll into “Other holdings”
Qtr shift = share-point change vs the prior quarter's filing — first period tracked for this filer; the column fills in with the next quarterly refresh.
Top S&P 500 holdings
10 of 10 rows · sorted by Value ↓
| Ticker | Holding | Shares | Value | Δ QoQ | Weight |
|---|---|---|---|---|---|
| $AMCR | Amcor plc | 13.7M | $544M | -46.2M | 10.9% |
| $DOC | Healthpeak Properties Inc | 29.2M | $480M | -447K | 9.6% |
| $LITE | Lumentum Holdings Inc | 588K | $413M | -384K | 8.3% |
| $FIX | Comfort Systems USA Inc | 242K | $334M | -46.8K | 6.7% |
| $VRT | Vertiv Holdings LLC | 1.19M | $298M | +47.3K | 6.0% |
| $DVN | Devon Energy Corporation | 5.58M | $281M | -1.4M | 5.6% |
| $EME | EMCOR Group Inc | 291K | $215M | -73K | 4.3% |
| $AFL | AFLAC Incorporated | 1.75M | $203M | -804K | 4.1% |
| $RL | Ralph Lauren Corporation | 2.09M | $177M | -1.55M | 3.5% |
| $AIZ | Assurant Inc | 698K | $152M | -20 | 3.0% |
…and 127 more holdings in the full 13F filing (top positions only shown).
SEC Form 13F data sets · public domain · 45-day filing lag · >$100M AUM managers · as reported
← All 13F filers·← QuantOrb.pro
How to read Δ QoQ — the five insight categories, and the caveats
The categories. Analysts, quants and retail traders look past total portfolio value to isolate actionable signals. Five categories matter.
Conviction & concentration shifts
New positions vs complete exits — a brand-new stock signals high conviction; a full liquidation suggests a broken thesis or tax-loss harvesting. Aggressive sizing — look at share count, not dollars: a 20% share increase during a drawdown is strong dip-buying. Concentration — a narrowing top-5/10 means conviction; spreading capital across more names means hedging.
Sector & macro allocation rotations
Aggregating Δ QoQ moves across sectors shows where smart money is leaning in or sneaking out — rotating out of growth into defensives or energy, for example. The fund's total long equity exposure quarter-over-quarter is a proxy for overall institutional risk appetite.
Crowding & smart-money consensus
When several managers initiate or expand the same stock in the same quarter, that is institutional consensus. Contrarian reads: top pickers buying hard into a beaten-down name the market is selling.
Derivative & option overlays
Reported call/put changes indicate whether managers are adding downside hedges or leveraging upside exposure. Note: a long increase may be half of a market-neutral pair trade.
Who reads this
| Retail "cloners" | High-conviction ideas to replicate ~45 days after quarter-end. |
| Corporate IR | Which funds bought or dumped the stock, before the next call. |
| Quant / algo traders | Cross-sectional factor inputs: flow, momentum, ownership. |
Four caveats before you trade on it
- 45-day lag — holdings are quarter-end; positions may already be closed.
- Long-only — 13Fs miss shorts, pair trades and cash.
- No non-US / fixed income — the picture is US equities plus options.
- Corporate actions — splits and spinoffs distort raw share deltas.
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