Advisory Research Inc 13F annual report

Advisory Research Inc is an investment fund managing more than $532 billion ran by Bruce Zessar. There are currently 150 companies in Mr. Zessar’s portfolio. The largest investments include Miller Inds Inc Tenn and Microsoft, together worth $38.8 billion.

Limited to 30 biggest holdings

$532 billion Assets Under Management (AUM)

As of 6th August 2024, Advisory Research Inc’s top holding is 377,158 shares of Miller Inds Inc Tenn currently worth over $20.8 billion and making up 3.9% of the portfolio value. In addition, the fund holds 40,359 shares of Microsoft worth $18 billion, whose value grew 0.1% in the past six months. The third-largest holding is Enstar worth $17.7 billion and the next is Taiwan Semiconductor Mfg Ltd worth $16.2 billion, with 93,333 shares owned.

Currently, Advisory Research Inc's portfolio is worth at least $532 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Advisory Research Inc

The Advisory Research Inc office and employees reside in Chicago, Illinois. According to the last 13-F report filed with the SEC, Bruce Zessar serves as the Chief Compliance Officer at Advisory Research Inc.

Recent trades

In the most recent 13F filing, Advisory Research Inc revealed that it had opened a new position in Grocery Outlet Hldg Corp and bought 540,890 shares worth $12 billion.

The investment fund also strengthened its position in Miller Inds Inc Tenn by buying 5,780 additional shares. This makes their stake in Miller Inds Inc Tenn total 377,158 shares worth $20.8 billion.

On the other hand, there are companies that Advisory Research Inc is getting rid of from its portfolio. Advisory Research Inc closed its position in Cannae Inc on 13th August 2024. It sold the previously owned 283,518 shares for $6.31 billion. Bruce Zessar also disclosed a decreased stake in Microsoft by approximately 0.1%. This leaves the value of the investment at $18 billion and 40,359 shares.

One of the average hedge funds

The two most similar investment funds to Advisory Research Inc are Broad Peak Investment and Rollins Advisors. They manage $531 billion and $531 billion respectively.


Bruce Zessar investment strategy

Advisory Research Inc’s portfolio is diversified across 13 sectors. Currently, their heaviest sector is Technology — making up 15.7% of the total portfolio value. The fund focuses on investments in the United States as 51.3% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 23% of the total holdings value. On the other hand, small-cap stocks make up only 0.7% of the portfolio. The average market cap of the portfolio companies is close to $113 billion.

The complete list of Advisory Research Inc trades based on 13F SEC filings

These positions were updated on August 13th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
Miller Inds Inc Tenn
1.56%
377,158
$20,751,234,000 3.90%
Microsoft Corporation
9.84%
40,359
$18,038,271,000 3.39%
Enstar Group Limited
1.86%
57,869
$17,690,553,000 3.33%
Taiwan Semiconductor Mfg Ltd
39.81%
93,333
$16,222,174,000 3.05%
Broadcom Inc
6.29%
10,025
$16,095,912,000 3.03%
Bel Fuse Inc.
0.12%
258,632
$17,174,674,000 3.23%
Trimas Corporation
5.10%
532,573
$13,612,566,000 2.56%
Viad Corp.
0.05%
369,670
$12,568,780,000 2.36%
Verizon Communications Inc
3.97%
304,131
$12,542,346,000 2.36%
Merck Co Inc
32.74%
100,350
$12,423,310,000 2.34%
Phinia Inc
106.53%
310,990
$12,240,566,000 2.30%
Grocery Outlet Hldg Corp
Opened
540,890
$11,964,487,000 2.25%
Unitedhealth Group Inc
3.82%
23,185
$11,807,021,000 2.22%
Performance Food Group Company
4.36%
166,139
$10,983,449,000 2.07%
Tapestry Inc
2.77%
246,423
$10,544,431,000 1.98%
GSK Plc
115.07%
267,919
$10,314,889,000 1.94%
Alphabet Inc
316.63%
54,391
$9,907,321,000 1.86%
Abbvie Inc
6.08%
56,645
$9,715,773,000 1.83%
Philip Morris International Inc
Opened
95,529
$9,679,954,000 1.82%
Keurig Dr Pepper Inc
3.42%
285,074
$9,521,470,000 1.79%
Devon Energy Corp.
2.16%
180,187
$8,540,864,000 1.61%
John Bean Technologies Corp
6.24%
88,295
$8,385,376,000 1.58%
Legacy Housing Corporation
4.84%
354,740
$8,137,736,000 1.53%
Hubbell Inc.
36.96%
22,097
$8,075,982,000 1.52%
American Elec Pwr Co Inc
Opened
88,234
$7,741,651,000 1.46%
Monarch Casino Resort Inc
20.69%
106,675
$7,267,767,000 1.37%
Asbury Automotive Group Inc
31.99%
30,118
$6,862,989,000 1.29%
Mgic Invt Corp Wis
185.24%
305,107
$6,575,056,000 1.24%
Ishares Tr
11.03%
204,644
$13,412,045,000 2.52%
Cannae Holdings Inc
Closed
283,518
$6,305,440,000
Kb Finl Group Inc
44.06%
106,818
$6,046,956,000 1.14%
Open Text Corp
Closed
155,443
$6,035,843,000
Ferguson Plc New
30.80%
29,536
$5,719,622,000 1.08%
Emerald Holding Inc
0.55%
925,411
$5,265,588,000 0.99%
Emcor Group, Inc.
Opened
14,374
$5,247,660,000 0.99%
Lamar Advertising Co
6.77%
41,995
$5,019,630,000 0.94%
Vanguard Bd Index Fds
18.63%
96,655
$4,786,356,000 0.90%
Flutter Entmt Plc
Opened
23,448
$4,275,977,000 0.80%
Honda Motor
Opened
131,940
$4,253,746,000 0.80%
Element Solutions Inc
1.00%
154,476
$4,189,389,000 0.79%
Vanguard Scottsdale Fds
36.34%
123,332
$8,260,723,000 1.55%
Equinor ASA
Closed
136,359
$3,685,786,000
Nicolet Bankshares Inc.
0.01%
43,935
$3,648,363,000 0.69%
First Advantage Corp New
0.21%
223,568
$3,592,738,000 0.68%
Gates Indl Corp Plc
13.45%
213,920
$3,382,076,000 0.64%
Vanguard Index Fds
5.11%
11,538
$4,455,838,000 0.84%
Unilever plc
Opened
55,479
$3,050,790,000 0.57%
Home Depot, Inc.
6.32%
7,837
$2,697,809,000 0.51%
Healthequity Inc
0.03%
30,730
$2,648,926,000 0.50%
Skyline Champion Corp
0.37%
37,952
$2,571,248,000 0.48%
Vanguard Specialized Funds
3.84%
13,985
$2,552,962,000 0.48%
Cass Information Sys Inc
0.67%
61,785
$2,475,725,000 0.47%
Distribution Solutions Grp I
Opened
80,190
$2,405,700,000 0.45%
Reliance Inc.
73.22%
8,383
$2,394,106,000 0.45%
Watsco Inc.
77.50%
5,146
$2,383,655,000 0.45%
Webster Finl Corp
0.18%
54,605
$2,380,232,000 0.45%
Lockheed Martin Corp.
12.75%
5,023
$2,346,243,000 0.44%
Danaos Corporation
10.69%
23,838
$2,201,678,000 0.41%
OneSpaWorld Holdings Limited
0.23%
141,649
$2,177,145,000 0.41%
CDW Corp
5.80%
9,657
$2,161,623,000 0.41%
SouthState Corporation
3.12%
27,881
$2,130,666,000 0.40%
Jpmorgan Chase Co.
1.93%
10,404
$2,104,313,000 0.40%
Brunswick Corp.
0.89%
27,935
$2,032,830,000 0.38%
Autozone Inc.
1.49%
660
$1,956,306,000 0.37%
Lam Research Corp.
13.22%
1,824
$1,942,286,000 0.37%
Steel Dynamics Inc.
13.11%
14,882
$1,927,219,000 0.36%
Bank America Corp
1.63%
48,176
$1,915,960,000 0.36%
Berkshire Hathaway Inc.
1.30%
4,568
$1,858,262,000 0.35%
Valvoline Inc
0.70%
43,000
$1,857,600,000 0.35%
Championx Corporation
Closed
51,746
$1,857,164,000
Alkami Technology Inc
68.09%
64,901
$1,848,381,000 0.35%
Netapp Inc
13.44%
14,141
$1,821,361,000 0.34%
Alta Equipment Group Inc
155.80%
226,435
$1,820,537,000 0.34%
Interpublic Group Cos Inc
13.40%
62,550
$1,819,580,000 0.34%
Invesco Exchange Traded Fd T
5.48%
10,997
$1,806,585,000 0.34%
Floor Decor Hldgs Inc
0.41%
18,141
$1,803,397,000 0.34%
First Merchants Corp.
0.01%
51,600
$1,717,764,000 0.32%
Accenture Plc Ireland
12.65%
5,327
$1,616,265,000 0.30%
American Express Co.
13.10%
6,906
$1,599,084,000 0.30%
Ares Management Corp
46.91%
11,905
$1,586,698,000 0.30%
Alamo Group Inc.
0.83%
9,065
$1,568,245,000 0.29%
Trinity Inds Inc
Closed
55,697
$1,551,161,000
Eagle Matls Inc
0.96%
6,870
$1,493,950,000 0.28%
Papa Johns Intl Inc
Opened
30,325
$1,424,669,000 0.27%
Tjx Cos Inc New
1.88%
12,913
$1,421,721,000 0.27%
Chevron Corp.
1.26%
9,001
$1,407,936,000 0.26%
Aptargroup Inc.
0.51%
9,865
$1,389,091,000 0.26%
Union Pac Corp
1.51%
6,052
$1,369,326,000 0.26%
Chesapeake Utils Corp
1.52%
12,720
$1,350,864,000 0.25%
Apple Inc
13.26%
6,191
$1,303,948,000 0.25%
Block H R Inc
7.04%
23,714
$1,286,010,000 0.24%
Encompass Health Corp
6.78%
14,830
$1,272,266,000 0.24%
Abbott Labs
17.38%
11,733
$1,219,176,000 0.23%
Pitney Bowes, Inc.
0.11%
232,610
$1,181,658,000 0.22%
Oracle Corp.
13.77%
8,213
$1,159,676,000 0.22%
Vanguard Tax-managed Fds
25.94%
22,817
$1,127,616,000 0.21%
American Eagle Outfitters In
13.18%
55,437
$1,106,523,000 0.21%
Conocophillips
20.61%
9,457
$1,081,692,000 0.20%
Foot Locker Inc
Closed
37,670
$1,073,594,000
Blackbaud Inc
1.96%
14,055
$1,070,569,000 0.20%
Impinj Inc
6.99%
6,814
$1,068,231,000 0.20%
Mcdonalds Corp
20.35%
4,152
$1,058,096,000 0.20%
UFP Industries Inc
6.71%
8,911
$998,032,000 0.19%
Hershey Company
1.43%
5,223
$960,144,000 0.18%
Leslies Inc
Opened
228,880
$959,007,000 0.18%
Regal Rexnord Corporation
1.73%
7,039
$951,814,000 0.18%
Spdr Ser Tr
7.06%
9,830
$911,339,000 0.17%
Vermilion Energy Inc
14.02%
81,478
$897,073,000 0.17%
Bellring Brands Inc
7.04%
15,557
$888,927,000 0.17%
Exxon Mobil Corp.
0.53%
7,506
$864,091,000 0.16%
Western Alliance Bancorp
7.02%
13,746
$863,524,000 0.16%
Allison Transmission Hldgs I
6.70%
11,040
$837,936,000 0.16%
Johnson Johnson
13.31%
5,559
$812,503,000 0.15%
nVent Electric plc
6.94%
10,220
$782,954,000 0.15%
Unum Group
6.64%
14,975
$765,372,000 0.14%
Blackstone Inc
No change
6,167
$763,475,000 0.14%
Progress Software Corp.
7.02%
14,015
$760,454,000 0.14%
Fuller H B Co
Opened
9,783
$752,900,000 0.14%
NRG Energy Inc.
45.08%
9,661
$752,205,000 0.14%
Whitestone REIT
6.67%
54,815
$729,588,000 0.14%
Arrow Electrs Inc
6.99%
5,692
$687,366,000 0.13%
Inspired Entmt Inc
6.78%
74,260
$679,479,000 0.13%
Ares Capital Corp
1.32%
31,943
$665,692,000 0.13%
HF Sinclair Corporation
6.93%
12,342
$658,322,000 0.12%
International Game Technolog
11.10%
31,668
$647,927,000 0.12%
Perficient Inc.
50.74%
8,531
$638,033,000 0.12%
Matador Res Co
7.17%
9,718
$579,193,000 0.11%
Addus HomeCare Corporation
7.14%
4,924
$571,726,000 0.11%
Amphastar Pharmaceuticals In
7.06%
14,270
$570,800,000 0.11%
Science Applications Intl Co
7.00%
4,646
$546,137,000 0.10%
Owens Corning
6.98%
2,988
$519,075,000 0.10%
Patrick Inds Inc
6.82%
4,524
$491,080,000 0.09%
Ryerson Hldg Corp
6.67%
24,780
$483,210,000 0.09%
Novo-nordisk A S
44.43%
3,342
$477,037,000 0.09%
NextEra Energy Inc
No change
6,485
$459,203,000 0.09%
Supernus Pharmaceuticals Inc
6.81%
16,766
$448,490,000 0.08%
Boyd Gaming Corp.
6.90%
7,853
$432,700,000 0.08%
Genius Sports Limited
6.92%
76,102
$414,756,000 0.08%
Everi Holdings Inc
7.03%
41,019
$344,560,000 0.06%
Spire Inc.
6.97%
5,434
$330,007,000 0.06%
Hillenbrand Inc
7.02%
7,990
$319,760,000 0.06%
Cue Biopharma Inc
No change
257,225
$318,959,000 0.06%
Spdr Sp 500 Etf Tr
33.49%
574
$312,382,000 0.06%
Blackstone Secd Lending Fd
1.45%
9,609
$294,228,000 0.06%
Hercules Capital Inc
1.53%
13,997
$286,239,000 0.05%
Microstrategy Inc.
6.77%
205
$282,383,000 0.05%
Main Str Cap Corp
2.65%
5,333
$269,263,000 0.05%
Sixth Street Specialty Lendi
3.37%
12,099
$258,314,000 0.05%
Oaktree Specialty Lending Co
4.62%
12,723
$239,320,000 0.05%
Fs Kkr Cap Corp
1.36%
11,586
$228,592,000 0.04%
Stellantis N.V
48.29%
10,920
$216,762,000 0.04%
Proshares Tr
No change
2,231
$214,466,000 0.04%
Fidus Invt Corp
1.58%
10,321
$201,053,000 0.04%
Runway Growth Finance Corp
3.06%
13,424
$157,866,000 0.03%
Gladstone Capital Corp.
Closed
13,257
$142,248,000
HeartBeam Inc
No change
50,000
$128,500,000 0.02%
Atomera Inc
No change
20,000
$76,200,000 0.01%
No transactions found
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