John Rogers's value shop - a patient, contrarian book of unloved small and mid-caps.
| # | Holding | Our call | % of book | Value | Shares | QoQ |
|---|---|---|---|---|---|---|
| 1 | MADISON SQUARE GARDEN ENTMT | — | 4.0% | $360M | 6.11M | Trimmed-11% |
| 2 | OSW | — | 4.0% | $354M | 15.4M | Added+10% |
| 3 | JLL | Buy | 3.5% | $312M | 1.02M | Added+15% |
| 4 | AMG | Buy | 3.3% | $294M | 1.06M | Trimmed-10% |
| 5 | SPHR | Hold | 3.2% | $289M | 2.46M | Trimmed-22% |
| 6 | NVST | — | 3.1% | $276M | 10.9M | Trimmed-9% |
| 7 | NCLH | Hold | 3.1% | $274M | 14.7M | Added+2% |
| 8 | PBH | — | 2.8% | $253M | 4.27M | Added+4% |
| 9 | GNRC | Sell | 2.8% | $253M | 1.29M | Trimmed-9% |
| 10 | CRL | Hold | 2.8% | $249M | 1.44M | Added+1% |
| 11 | LAZ | — | 2.8% | $248M | 5.83M | Added+10% |
| 12 | FAF | Buy | 2.6% | $231M | 3.84M | Trimmed-2% |
| 13 | MSGS | Hold | 2.6% | $231M | 717K | — |
| 14 | CVSA | — | 2.5% | $223M | 1.93M | Added+2% |
| 15 | CLB | — | 2.5% | $221M | 13.2M | Trimmed-4% |
| 16 | BIO | Hold | 2.5% | $219M | 786K | Added+3% |
| 17 | BOKF | Buy | 2.4% | $211M | 1.65M | Trimmed-2% |
| 18 | MIDD | Hold | 2.3% | $209M | 1.57M | Added+1% |
| 19 | REZI | Hold | 2.3% | $205M | 6.08M | — |
| 20 | MAT | — | 2.2% | $197M | 13.6M | Added+8% |
| 21 | CG | Hold | 2.2% | $193M | 3.98M | — |
| 22 | BYD | Hold | 2.1% | $187M | 2.27M | Trimmed-3% |
| 23 | GNTX | Buy | 2.0% | $182M | 8.34M | Added+6% |
| 24 | SMUCKER J M CO | — | 2.0% | $179M | 1.86M | Added+16% |
| 25 | MHK | Buy | 1.9% | $172M | 1.74M | Added+2% |
| 26 | ZBRA | Hold | 1.8% | $163M | 777K | Added+63% |
| 27 | NTRS | Hold | 1.8% | $159M | 1.14M | Trimmed-9% |
| 28 | MANU | — | 1.7% | $152M | 9.05M | — |
| 29 | ADT | Buy | 1.4% | $128M | 19.5M | Trimmed-10% |
| 30 | AQN | — | 1.3% | $121M | 19.6M | Added+23% |
| 31 | KN | — | 1.1% | $98.1M | 3.82M | Trimmed-4% |
| 32 | AXTA | Hold | 1.1% | $96.0M | 3.47M | Trimmed-29% |
| 33 | BCO | — | 1.1% | $95.6M | 923K | Trimmed-10% |
| 34 | LH | Hold | 1.1% | $94.5M | 354K | Trimmed-2% |
| 35 | OMC | Hold | 0.9% | $83.2M | 1.10M | Added+2% |
| 36 | DENTSPLY SIRONA INC | — | 0.8% | $74.1M | 6.39M | Added+21% |
| 37 | LFUS | Buy | 0.8% | $73.1M | 215K | Trimmed-3% |
| 38 | NVT | Hold | 0.8% | $70.5M | 596K | Trimmed-3% |
| 39 | INTC | Sell | 0.7% | $64.2M | 1.46M | Trimmed-5% |
| 40 | SLB | Hold | 0.7% | $63.6M | 1.24M | Trimmed-4% |
| 41 | DIS | Hold | 0.7% | $63.1M | 654K | Added+17% |
| 42 | LIND | — | 0.7% | $59.5M | 3.44M | Trimmed-33% |
| 43 | SMG | — | 0.7% | $58.5M | 963K | NEW |
| 44 | KEYS | Sell | 0.6% | $57.7M | 204K | Trimmed-21% |
| 45 | FSLR | Buy | 0.6% | $53.6M | 271K | Added+8% |
| 46 | WEX | Buy | 0.6% | $51.7M | 338K | — |
| 47 | CVS | Hold | 0.6% | $50.4M | 702K | Trimmed-15% |
| 48 | RLI | Buy | 0.6% | $49.7M | 872K | Added+134% |
| 49 | FDS | Buy | 0.5% | $48.8M | 225K | Added+79% |
| 50 | BMY | Hold | 0.5% | $43.8M | 722K | Trimmed-1% |
| 51 | T | Hold | 0.5% | $43.2M | 1.49M | Added+24% |
| 52 | GCMG | — | 0.5% | $43.1M | 4.40M | Trimmed-2% |
| 53 | KKR | Hold | 0.5% | $40.6M | 439K | Added+66% |
| 54 | HPE | Hold | 0.4% | $39.5M | 1.66M | Added+26% |
| 55 | SCHW | Buy | 0.4% | $37.9M | 403K | Added+18% |
| 56 | MTB | Buy | 0.4% | $36.7M | 178K | Trimmed-2% |
| 57 | CBRE | Buy | 0.4% | $35.6M | 263K | Added+25% |
| 58 | FDX | Hold | 0.4% | $35.2M | 98.9K | Added+39% |
| 59 | MAS | Hold | 0.4% | $31.6M | 523K | Added+29% |
| 60 | KMT | — | 0.4% | $31.4M | 869K | Trimmed-63% |
| 61 | KFY | — | 0.3% | $29.2M | 463K | — |
| 62 | SWK | Hold | 0.3% | $28.2M | 397K | Trimmed-6% |
| 63 | GILD | Hold | 0.3% | $28.2M | 202K | Trimmed-1% |
| 64 | FITB | Hold | 0.3% | $26.4M | 567K | NEW |
| 65 | AFL | Hold | 0.3% | $26.2M | 239K | Added+13% |
| 66 | BAC | Hold | 0.3% | $25.0M | 512K | Trimmed-1% |
| 67 | FISV | Buy | 0.3% | $24.1M | 433K | Added+35% |
| 68 | TAP | Hold | 0.3% | $23.6M | 549K | Added+6% |
| 69 | KMX | Hold | 0.3% | $23.4M | 562K | — |
| 70 | MSFT | Buy | 0.3% | $23.0M | 62.2K | Trimmed-64% |
| 71 | PSKY | Buy | 0.3% | $23.0M | 2.55M | Trimmed-2% |
| 72 | CNP | Hold | 0.2% | $20.6M | 477K | Trimmed-52% |
| 73 | SSD | Buy | 0.2% | $15.7M | 91.8K | — |
| 74 | MTN | Hold | 0.2% | $14.4M | 112K | — |
| 75 | IWN | — | 0.1% | $12.4M | 65.5K | Added+96% |
| 76 | SNA | Buy | 0.1% | $11.8M | 32.6K | — |
| 77 | MGPI | — | 0.1% | $11.6M | 629K | — |
| 78 | JNJ | Hold | 0.1% | $9.91M | 40.6K | Trimmed-6% |
| 79 | APA | Hold | 0.1% | $9.43M | 222K | Trimmed-25% |
| 80 | PHIN | — | 0.1% | $9.07M | 133K | Trimmed-5% |
| 81 | CVX | Hold | 0.1% | $8.59M | 41.5K | — |
| 82 | B | — | 0.1% | $8.45M | 207K | Trimmed-4% |
| 83 | LMT | Hold | 0.1% | $7.93M | 13.1K | Trimmed-2% |
| 84 | HCKT | — | 0.1% | $5.54M | 426K | — |
| 85 | TSM | — | 0.1% | $5.44M | 16.1K | Added+58% |
| 86 | KB | — | 0.1% | $4.98M | 50.0K | Trimmed-3% |
| 87 | AJG | Hold | 0.0% | $4.28M | 19.8K | Added+29% |
| 88 | MOS | Hold | 0.0% | $3.78M | 148K | — |
| 89 | BWA | Hold | 0.0% | $3.53M | 65.0K | — |
| 90 | LESL | — | 0.0% | $3.23M | 2.88M | Added+2% |
| 91 | BAP | — | 0.0% | $2.57M | 7.58K | Added+32% |
| 92 | ORCL | Hold | 0.0% | $2.41M | 16.4K | — |
| 93 | IFS | — | 0.0% | $2.33M | 46.5K | Added+34% |
| 94 | KSPI | — | 0.0% | $1.68M | 22.7K | Added+73% |
| 95 | VT | — | 0.0% | $1.38M | 9.96K | NEW |
| 96 | VWO | — | 0.0% | $1.09M | 20.2K | NEW |
| 97 | RCL | Buy | 0.0% | $479K | 1.74K | NEW |
| 98 | VXUS | — | 0.0% | $361K | 4.68K | NEW |
| 99 | HDB | — | 0.0% | $350K | 14.1K | Added+7% |
| 100 | XCEM | — | 0.0% | $345K | 8.47K | NEW |
| 101 | MSI | Hold | 0.0% | $302K | 696.00 | Trimmed-8% |
| 102 | ZBH | Hold | 0.0% | $273K | 3.01K | Trimmed-7% |
| 103 | BRC | — | 0.0% | $225K | 2.76K | Trimmed-8% |
| 104 | FICO | Hold | 0.0% | $218K | 204.00 | Trimmed-8% |
| 105 | PROGRESSIVE CORP | — | 0.0% | $200K | 1.01K | Trimmed-8% |
| 106 | IWS | — | 0.0% | $167K | 1.15K | NEW |
Source: SEC Form 13F-HR. Positions are as-of quarter end (filed up to 45 days later) and cover US-listed equities only — shorts, non-US listings and most derivatives don’t appear. Values as reported by the filer. “Our call” is TENK/calls’s independent SEC-grounded verdict, not the fund’s view.
Research and education only — not financial advice. TENKis not a registered investment adviser or broker-dealer and gives no personalized advice. Every call is impersonal — identical for all users, generated on a schedule from SEC filings plus a delayed/third-party price feed — may be wrong or out of date, and is not a recommendation to buy or sell any security. The operator and an affiliated trading operation may hold or trade the securities TENK rates; see Disclosures. Past performance does not guarantee future results. Do your own research.