Expect Equity LLC

Pikesville, MD · CIK 2007407 · 13F filing filed 2025-08-14

SEC-registered investment adviser since 2026 · limited liability company

Assets managed$167.2m
Staff7 · 4 in investment roles
Main clients (by assets)Private funds 100%
Private funds2 (2 hedge) · $167.2m gross assets
Form ADV · 2026-06-29SEC adviser record

Legal entityExpect Equity LLC (US)

$93.7m reported value +5.4% vs Q1 2025

47positions

33.2%in top 10

2 new 13 added 10 reduced 2 sold out vs Q1 2025

Holdings, Q2 2025

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	COUSINS PPTYS INC COM NEW CUZ	CUZ	111,331	$3.3m3.57%	3.57%	Reduced -9.0k	-9,000 -7.5%
2	HASBRO INC COM HAS	HAS	45,085	$3.3m3.55%	3.55%	Unchanged
3	BEL FUSE INC CL B BELFB	BELFB	32,211	$3.1m3.36%	3.36%	Reduced -1.0k	-1,000 -3.0%
4	MKS INC. COM MKSI	MKSI	31,490	$3.1m3.34%	3.34%	Added +1.9k	+1,880 6.3%
5	OSHKOSH CORP COM OSK	OSK	27,345	$3.1m3.31%	3.31%	Unchanged
6	CECO ENVIRONMENTAL CORP COM CECO	CECO	108,055	$3.1m3.27%	3.27%	Unchanged
7	FIRST HORIZON CORPORATION COM FHN	FHN	143,586	$3.0m3.25%	3.25%	Unchanged
8	TTM TECHNOLOGIES INC COM TTMI	TTMI	72,800	$3.0m3.17%	3.17%	Reduced -44.3k	-44,346 -37.9%
9	COLUMBIA BKG SYS INC COM COLB	COLB	127,065	$3.0m3.17%	3.17%	Unchanged
10	FLOWSERVE CORP COM FLS	FLS	56,719	$3.0m3.17%	3.17%	Unchanged
11	CORE & MAIN INC CL A CNM	CNM	45,400	$2.7m2.93%	2.93%	Reduced -8.1k	-8,100 -15.1%
12	VSE CORP COM VSEC	VSEC	20,916	$2.7m2.92%	2.92%	Reduced -2.6k	-2,569 -10.9%
13	WNS HLDGS LTD COM SHS WNS	WNS	40,323	$2.6m2.72%	2.72%	Reduced -2.5k	-2,457 -5.7%
14	LSI INDS INC OHIO COM LYTS	LYTS	149,850	$2.5m2.72%	2.72%	Added +13.0k	+12,996 9.5%
15	COMMERCIAL METALS CO COM CMC	CMC	49,545	$2.4m2.59%	2.59%	Unchanged
16	MODINE MFG CO COM MOD	MOD	24,485	$2.4m2.57%	2.57%	Unchanged
17	NOMAD FOODS LTD USD ORD SHS NOMD	NOMD	141,590	$2.4m2.57%	2.57%	Added +26.3k	+26,330 22.8%
18	MAMAS CREATIONS INC COM MAMA	MAMA	288,776	$2.4m2.56%	2.56%	Added +5.6k	+5,552 2.0%
19	KEMPER CORP COM KMPR	KMPR	35,630	$2.3m2.46%	2.46%	Added +3.6k	+3,620 11.3%
20	LANTHEUS HLDGS INC COM LNTH	LNTH	27,224	$2.2m2.38%	2.38%	Added +600	+600 2.2%
21	LAMB WESTON HLDGS INC COM LW	LW	42,940	$2.2m2.38%	2.38%	Unchanged
22	CACI INTL INC CL A CACI	CACI	4,568	$2.2m2.32%	2.32%	Added +310	+310 7.3%
23	BRUKER CORP COM BRKR	BRKR	52,440	$2.2m2.31%	2.31%	Added +9.6k	+9,560 22.3%
24	OPTION CARE HEALTH INC COM NEW OPCH	OPCH	65,161	$2.1m2.26%	2.26%	Unchanged
25	LIMBACH HLDGS INC COM LMB	LMB	14,342	$2.0m2.15%	2.15%	Reduced -16.5k	-16,471 -53.5%
26	NCR VOYIX CORPORATION COM VYX	VYX	165,509	$1.9m2.07%	2.07%	Unchanged
27	GIBRALTAR INDS INC COM ROCK	ROCK	32,242	$1.9m2.03%	2.03%	Unchanged
28	HANOVER INS GROUP INC COM THG	THG	11,148	$1.9m2.02%	2.02%	Reduced -1.6k	-1,550 -12.2%
29	LAKELAND INDS INC COM LAKE	LAKE	131,249	$1.8m1.91%	1.91%	Added +39.3k	+39,297 42.7%
30	NORTHERN OIL & GAS INC COM NOG	NOG	60,830	$1.7m1.84%	1.84%	Unchanged
31	BRIGHTVIEW HLDGS INC COM BV	BV	97,153	$1.6m1.73%	1.73%	Unchanged
32	CHEFS WHSE INC COM CHEF	CHEF	25,218	$1.6m1.72%	1.72%	Unchanged
33	HAEMONETICS CORP MASS COM HAE	HAE	21,224	$1.6m1.69%	1.69%	Added +3.0k	+3,024 16.6%
34	CONCENTRA GROUP HOLDINGS PAR COMMON STOCK CON	CON	75,140	$1.5m1.65%	1.65%	Added +22.1k	+22,050 41.5%
35	CANTALOUPE INC COM USAT	USAT	117,739	$1.3m1.38%	1.38%	Added +27.4k	+27,353 30.3%
36	ENERPAC TOOL GROUP CORP CL A COM EPAC	EPAC	29,398	$1.2m1.27%	1.27%	Unchanged
37	CIVITAS RESOURCES INC COM NEW CIVI	CIVI	41,780	$1.1m1.23%	1.23%	Unchanged
38	INTEGRA LIFESCIENCES HLDGS C COM NEW IART	IART	92,105	$1.1m1.21%	1.21%	Unchanged
39	COOPER COS INC COM COO	COO	15,660	$1.1m1.19%	1.19%	New
40	GRANITE CONSTR INC COM GVA	GVA	10,644	$995.3k1.06%	1.06%	Unchanged
41	HILLENBRAND INC COM HI	HI	48,815	$979.7k1.05%	1.05%	Unchanged
42	VIEMED HEALTHCARE INC COM VMD	VMD	137,673	$951.3k1.02%	1.02%	Reduced -33.0k	-32,993 -19.3%
43	RADNET INC COM RDNT	RDNT	15,232	$866.9k0.93%	0.93%	Added +3.4k	+3,400 28.7%
44	SYNAPTICS INC COM SYNA	SYNA	11,538	$747.9k0.80%	0.80%	Unchanged
45	MAYVILLE ENGR CO INC COM MEC	MEC	28,233	$450.6k0.48%	0.48%	Reduced -26.3k	-26,341 -48.3%
46	ARIS WATER SOLUTIONS INC CLASS A COM ARIS	ARIS	18,283	$432.4k0.46%	0.46%	Unchanged
47	ASCENT INDUSTRIES CO COM ACNT	ACNT	20,201	$254.7k0.27%	0.27%	New

Sold out since Q1 2025

Security	Ticker	Shares held before	Value then
CARTERS INC CRI	CRI	36,260	$1.5m36.3k shares
HAIN CELESTIAL GROUP INC HAIN	HAIN	172,434	$715.6k172.4k shares