Hillcrest Asset Management 13F annual report
Hillcrest Asset Management is an investment fund managing more than $656 million ran by Deborah Trask. There are currently 60 companies in Mrs. Trask’s portfolio. The largest investments include UFP Industries Inc and Exlservice Hldgs Inc, together worth $32.5 million.
$656 million Assets Under Management (AUM)
As of 17th February 2022, Hillcrest Asset Management’s top holding is 178,202 shares of UFP Industries Inc currently worth over $16.4 million and making up 2.5% of the portfolio value.
Relative to the number of outstanding shares of UFP Industries Inc, Hillcrest Asset Management owns more than approximately 0.1% of the company.
In addition, the fund holds 111,246 shares of Exlservice Hldgs Inc worth $16.1 million, whose value fell 3.0% in the past six months.
The third-largest holding is LXP Industrial Trust worth $16.1 million and the next is Spectrum Brands worth $15.3 million, with 150,269 shares owned.
Currently, Hillcrest Asset Management's portfolio is worth at least $656 million. 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 Hillcrest Asset Management
The Hillcrest Asset Management office and employees reside in Plano, Texas. According to the last 13-F report filed with the SEC, Deborah Trask serves as the Chief Operating Officer at Hillcrest Asset Management.
Recent trades
In the most recent 13F filing, Hillcrest Asset Management revealed that it had opened a new position in
Air Transport Services Inc and bought 431,507 shares worth $12.7 million.
This means they effectively own approximately 0.1% of the company.
Air Transport Services Inc makes up
9.7%
of the fund's Industrials sector allocation and has decreased its share price by 4.0% in the past year.
The investment fund also strengthened its position in AAR by buying
32,190 additional shares.
This makes their stake in AAR total 329,182 shares worth $12.8 million.
AAR dropped 2.4% in the past year.
On the other hand, there are companies that Hillcrest Asset Management is getting rid of from its portfolio.
Hillcrest Asset Management closed its position in Federal Signal on 24th February 2022.
It sold the previously owned 472,237 shares for $15.7 million.
Deborah Trask also disclosed a decreased stake in UFP Industries Inc by 0.3%.
This leaves the value of the investment at $16.4 million and 178,202 shares.
One of the average hedge funds
The two most similar investment funds to Hillcrest Asset Management are Bellevue Asset Management Ag and Deltec Asset Management. They manage $656 million and $656 million respectively.
Deborah Trask investment strategy
Hillcrest Asset Management’s portfolio is diversified across 12 sectors.
Currently, their heaviest sector is Industrials — making up 20.0% of
the total portfolio value.
The fund focuses on investments in the United States as
76.7% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
2% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $3.1 billion.
The complete list of Hillcrest Asset Management trades based on 13F SEC filings
These positions were updated on February 24th 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 |
|---|---|---|---|
| UFP Industries Inc |
29.73%
178,202
|
$16,396,000 | 2.50% |
| Exlservice Hldgs Inc |
29.57%
111,246
|
$16,105,000 | 2.45% |
| LXP Industrial Trust |
29.64%
1,029,818
|
$16,086,000 | 2.45% |
| Federal Signal Corp. |
Closed
472,237
|
$15,664,000 | |
| Spectrum Brands Holdings Inc. |
29.59%
150,269
|
$15,285,000 | 2.33% |
| Fabrinet |
29.68%
128,251
|
$15,194,000 | 2.32% |
| Builders Firstsource Inc |
Closed
371,849
|
$15,175,000 | |
| Clearway Energy Inc-c |
Closed
472,369
|
$15,083,000 | |
| Seacoast Banking Corp/fl |
Closed
509,751
|
$15,012,000 | |
| Emcor Group, Inc. |
29.65%
114,892
|
$14,636,000 | 2.23% |
| AMN Healthcare Services Inc. |
45.33%
118,828
|
$14,536,000 | 2.22% |
| UMB Financial Corp. |
29.68%
135,670
|
$14,396,000 | 2.19% |
| Helen of Troy Ltd |
Closed
63,715
|
$14,157,000 | |
| Hilltop Holdings Inc |
29.86%
402,832
|
$14,156,000 | 2.16% |
| Mercury General Corp. |
Closed
268,240
|
$14,005,000 | |
| Investors Bancorp Inc |
29.70%
901,117
|
$13,652,000 | 2.08% |
| Diodes, Inc. |
49.54%
124,173
|
$13,635,000 | 2.08% |
| Evercore Inc - A |
29.66%
99,534
|
$13,522,000 | 2.06% |
| Select Medical Holdings Corporation |
29.77%
455,999
|
$13,406,000 | 2.04% |
| AAR Corp. |
10.84%
329,182
|
$12,848,000 | 1.96% |
| Air Transport Services Group Inc |
Opened
431,507
|
$12,678,000 | 1.93% |
| CareTrust REIT Inc |
13.41%
552,877
|
$12,622,000 | 1.92% |
| Tempur Sealy International I |
45.95%
260,549
|
$12,254,000 | 1.87% |
| Piedmont Office Realty Tru-a |
16.03%
665,552
|
$12,233,000 | 1.86% |
| Stifel Financial Corp. |
46.20%
173,561
|
$12,222,000 | 1.86% |
| Griffon Corp. |
Opened
427,737
|
$12,182,000 | 1.86% |
| Stewart Information Services Corp. |
Opened
152,724
|
$12,177,000 | 1.86% |
| Green Brick Partners, Inc. |
Opened
399,175
|
$12,107,000 | 1.84% |
| Malibu Boats Inc - A |
16.93%
175,992
|
$12,096,000 | 1.84% |
| Parsons Corp |
Closed
324,629
|
$11,820,000 | |
| American Equity Invt Life Hl |
Closed
421,357
|
$11,655,000 | |
| Corporate Office Properties |
Opened
412,744
|
$11,544,000 | 1.76% |
| Chemours Co/the |
Opened
339,946
|
$11,409,000 | 1.74% |
| Ryman Hospitality Properties Inc |
Closed
167,176
|
$11,328,000 | |
| Argo Group Intl Hldg F |
Closed
256,230
|
$11,197,000 | |
| Shyft Group Inc/the |
29.68%
225,534
|
$11,080,000 | 1.69% |
| Cathay General Bancorp |
29.78%
254,788
|
$10,953,000 | 1.67% |
| Graphic Packaging Holding Co |
29.69%
557,635
|
$10,874,000 | 1.66% |
| Virtus Investment Partners Inc |
Opened
35,893
|
$10,664,000 | 1.63% |
| Portland General Electric Co |
Opened
201,283
|
$10,652,000 | 1.62% |
| PROG Holdings, Inc. |
5.08%
235,212
|
$10,610,000 | 1.62% |
| Gray Television, Inc. |
29.71%
524,947
|
$10,583,000 | 1.61% |
| Ameris Bancorp |
29.76%
211,885
|
$10,526,000 | 1.60% |
| Argo Group International |
Opened
179,800
|
$10,448,000 | 1.59% |
| Orion Engineered Carbons Sa |
Opened
559,481
|
$10,272,000 | 1.57% |
| PDC Energy Inc |
13.80%
208,836
|
$10,187,000 | 1.55% |
| Timken Co. |
29.72%
144,907
|
$10,041,000 | 1.53% |
| EPR Properties |
Opened
210,111
|
$9,978,000 | 1.52% |
| Brandywine Realty Trust |
29.71%
729,119
|
$9,785,000 | 1.49% |
| Fulton Financial Corp. |
Closed
762,610
|
$9,700,000 | |
| Hillenbrand Inc |
29.71%
185,989
|
$9,670,000 | 1.47% |
| Integer Holdings Corp |
29.72%
112,357
|
$9,617,000 | 1.47% |
| Winnebago Industries, Inc. |
29.60%
128,328
|
$9,614,000 | 1.47% |
| Werner Enterprises, Inc. |
Opened
199,554
|
$9,511,000 | 1.45% |
| Jack In The Box, Inc. |
Opened
108,438
|
$9,486,000 | 1.45% |
| Outfront Media Inc |
Closed
478,105
|
$9,352,000 | |
| Southwest Gas Holdings Inc |
29.76%
131,537
|
$9,214,000 | 1.40% |
| Imax Corp |
Closed
509,675
|
$9,184,000 | |
| National Bank Hold-cl A |
29.65%
208,313
|
$9,153,000 | 1.39% |
| Civitas Resources Inc |
Opened
186,354
|
$9,126,000 | 1.39% |
| AdaptHealth Corp. |
Opened
365,467
|
$8,939,000 | 1.36% |
| Ii-Vi Inc. |
29.59%
128,048
|
$8,750,000 | 1.33% |
| Primoris Services Corp |
29.68%
361,328
|
$8,665,000 | 1.32% |
| Schnitzer Steel Inds Inc-a |
Closed
257,421
|
$8,214,000 | |
| Carpenter Technology Corp. |
Closed
276,131
|
$8,041,000 | |
| Whiting Petroleum Corp |
Opened
123,770
|
$8,005,000 | 1.22% |
| Emergent Biosolutions Inc |
13.99%
184,010
|
$7,999,000 | 1.22% |
| McGrath Rentcorp |
29.74%
97,299
|
$7,809,000 | 1.19% |
| La-Z-Boy Inc. |
29.63%
199,560
|
$7,246,000 | 1.10% |
| Standard Motor Prods |
29.80%
133,871
|
$7,014,000 | 1.07% |
| NMI Holdings Inc |
29.63%
320,517
|
$7,003,000 | 1.07% |
| Veritex Holdings Inc |
65.26%
175,071
|
$6,964,000 | 1.06% |
| World Fuel Services Corp. |
11.96%
244,042
|
$6,460,000 | 0.98% |
| Northwestern Corp. |
29.70%
105,209
|
$6,014,000 | 0.92% |
| G-III Apparel Group Ltd. |
0.28%
214,835
|
$5,938,000 | 0.90% |
| Bonanza Creek Energy Inc |
Closed
206,062
|
$3,983,000 | |
| No transactions found | |||
| Showing first 500 out of 76 holdings | |||
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