Vault-13

SHYFT GROUP INC SPAR

COM · Common Stock · CUSIP 825698103 · ISIN US8256981031

131 institutional holders -12 vs Q1 2025
29,093,44529.1m shares reported held*
$364.8mreported value*
19 new 41 added 45 reduced 31 sold out net sold ≈ $5.0m (-398.9k shares)

* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($293.3k this quarter). Holder counts are more reliable. Implied quarter-end price ≈ $12.54. Options: 1 managers hold calls ($0 notional), 1 hold puts ($0).

Trends to Q2 2025

Institutional holders

Managers reporting a position, each quarter

0100200Q3 22: 178Q4 22: 182Q1 23: 186Q2 23: 178Q3 23: 181Q4 23: 168Q1 24: 153Q2 24: 154Q3 24: 150Q4 24: 150Q1 25: 143Q2 25: 131131Q3 22Q2 23Q1 24Q4 24Q2 25
Numbers
QuarterHolders
Q3 2022178
Q4 2022182
Q1 2023186
Q2 2023178
Q3 2023181
Q4 2023168
Q1 2024153
Q2 2024154
Q3 2024150
Q4 2024150
Q1 2025143
Q2 2025131

Buyers vs sellers

Managers adding to or starting a position, vs cutting or selling out

Bought or addedCut or sold out
2000200Q3 23: 103 bought or addedQ3 23: 74 cut or sold outQ4 23: 82 bought or addedQ4 23: 87 cut or sold outQ4 23Q1 24: 65 bought or addedQ1 24: 92 cut or sold outQ2 24: 71 bought or addedQ2 24: 78 cut or sold outQ2 24Q3 24: 64 bought or addedQ3 24: 75 cut or sold outQ4 24: 57 bought or addedQ4 24: 71 cut or sold outQ4 24Q1 25: 48 bought or addedQ1 25: 93 cut or sold outQ2 25: 60 bought or addedQ2 25: 76 cut or sold outQ2 25
Numbers
QuarterBought or addedCut or sold out
Q3 202310374
Q4 20238287
Q1 20246592
Q2 20247178
Q3 20246475
Q4 20245771
Q1 20254893
Q2 20256076

Calls vs puts

Options held, notional value, last 4 quarters. P/C = puts ÷ calls

CallsPuts
$0$10k$20k$30kQ3 24 calls: $10.0kQ3 24 puts: $8.8kQ3 24P/C 0.88Q4 24 calls: $22.1kQ4 24 puts: $4.7kQ4 24P/C 0.21Q1 25 calls: $10.5kQ1 25 puts: $26.6kQ1 25P/C 2.53Q2 25 calls: $0Q2 25 puts: $0Q2 25P/C —
Numbers
QuarterCallsPutsP/C
Q3 2024$10.0k$8.8k0.88
Q4 2024$22.1k$4.7k0.21
Q1 2025$10.5k$26.6k2.53
Q2 2025$0$0—

Biggest buyers

Ancora Advisors LLC Added +556,590+556.6k
Zuckerman Investment Group, LLC Added +523,964+524.0k
PZENA INVESTMENT MANAGEMENT LLC Added +494,933+494.9k
4D Advisors, LLC New +300,000+300.0k
T. Rowe Price Investment Management, Inc. Added +259,872+259.9k
GAMCO INVESTORS, INC. ET AL Added +172,179+172.2k
Russell Investments Group, Ltd. Added +170,533+170.5k
UBS Group AG Added +169,958+170.0k
CSM Advisors, LLC New +168,260+168.3k
CHARLES SCHWAB INVESTMENT MANAGEMENT INC Added +115,274+115.3k

Biggest sellers

NewEdge Wealth, LLC Sold out -1,144,704-1.1m
VOYA INVESTMENT MANAGEMENT LLC Reduced -290,387-290.4k
D. E. Shaw & Co., Inc. Reduced -272,458-272.5k
Manatuck Hill Partners, LLC Reduced -233,731-233.7k
Orchard Capital Management, LLC Reduced -200,402-200.4k
JACOBS LEVY EQUITY MANAGEMENT, INC Reduced -185,453-185.5k
FEDERATED HERMES, INC. Reduced -180,830-180.8k
SEGALL BRYANT & HAMILL, LLC Sold out -171,331-171.3k
CENTAURUS FINANCIAL, INC. Sold out -101,472-101.5k
BlackRock, Inc. Reduced -100,226-100.2k

Biggest calls

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Biggest puts

CONCOURSE FINANCIAL GROUP SECURITIES, INC. Unchanged $00 shares

Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.

Major shareholders (over 5%)

Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.

HolderStakeChangeShares Last filed
T. Rowe Price Investment Management, Inc. 13G · institution +1.2 pts · filed 2025-05-07 10.6% +1.2 pts 3.7m 2025-05-07
PZENA INVESTMENT MANAGEMENT LLC 13G · institution +1.2 pts · filed 2025-07-03 10.2% +1.2 pts 3.6m 2025-07-03
BlackRock, Inc. 13G · institution filed 2025-04-24 7.0% 2.4m 2025-04-24

Holders, Q2 2025

#ManagerLocationShares Value% of their portfolioChangeShares change
1 T. Rowe Price Investment Management, Inc. 0.03% of their portfolio BALTIMORE, MD 3,743,7203.7m $46.9m $46.9m 0.03% Added +259.9k +259,872
2 PZENA INVESTMENT MANAGEMENT LLC 0.15% of their portfolio NEW YORK, NY 3,579,3643.6m $44.9m $44.9m 0.15% Added +494.9k +494,933
3 BlackRock, Inc. 0.00% of their portfolio New York, NY 3,198,4943.2m $40.1m $40.1m 0.00% Reduced -100.2k -100,226
4 Zuckerman Investment Group, LLC 2.35% of their portfolio CHICAGO, IL 1,935,0361.9m $24.3m $24.3m 2.35% Added +524.0k +523,964
5 VANGUARD GROUP INC 0.00% of their portfolio Valley Forge, PA 1,801,3061.8m $22.6m $22.6m 0.00% Added +33.3k +33,343
6 DIMENSIONAL FUND ADVISORS LP 0.00% of their portfolio AUSTIN, TX 1,458,0001.5m $18.3m $18.3m 0.00% Added +64.5k +64,483
7 ROYCE & ASSOCIATES LP 0.15% of their portfolio New York, NY 1,196,9461.2m $15.0m $15.0m 0.15% Added +8.7k +8,660
8 GEODE CAPITAL MANAGEMENT, LLC 0.00% of their portfolio BOSTON, MA 786,752786.8k $9.9m $9.9m 0.00% Reduced -8.8k -8,842
9 Ausdal Financial Partners, Inc. 0.63% of their portfolio Davenport, IA 748,655748.7k $9.4m $9.4m 0.63% Added +22 +22
10 SCHWERIN BOYLE CAPITAL MANAGEMENT INC 1.04% of their portfolio SPRINGFIELD, MA 744,170744.2k $9.3m $9.3m 1.04% Reduced -86.7k -86,718
11 STATE STREET CORP 0.00% of their portfolio BOSTON, MA 708,526708.5k $8.9m $8.9m 0.00% Added +972 +972
12 D. E. Shaw & Co., Inc. 0.01% of their portfolio New York, NY 625,059625.1k $7.8m $7.8m 0.01% Reduced -272.5k -272,458
13 Ancora Advisors LLC 0.16% of their portfolio Cleveland, OH 609,964610.0k $7.6m $7.6m 0.16% Added +556.6k +556,590
14 WELLS FARGO & COMPANY/MN 0.00% of their portfolio SAN FRANCISCO, CA 549,568549.6k $6.9m $6.9m 0.00% Reduced -14.5k -14,460
15 CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.00% of their portfolio SAN FRANCISCO, CA 478,743478.7k $6.0m $6.0m 0.00% Added +115.3k +115,274
16 MORGAN STANLEY 0.00% of their portfolio NEW YORK, NY 448,537448.5k $5.6m $5.6m 0.00% Added +91.6k +91,629
17 GAMCO INVESTORS, INC. ET AL 0.05% of their portfolio GREENWICH, CT 407,679407.7k $5.1m $5.1m 0.05% Added +172.2k +172,179
18 KIRR MARBACH & CO LLC /IN/ 0.83% of their portfolio COLUMBUS, IN 335,885335.9k $4.2m $4.2m 0.83% Added +41 +41
19 PNC Financial Services Group, Inc. 0.00% of their portfolio Pittsburgh, PA 303,462303.5k $3.8m $3.8m 0.00% Reduced -4.2k -4,203
20 4D Advisors, LLC 2.02% of their portfolio REDONDO BEACH, CA 300,000300.0k $3.8m $3.8m 2.02% New
21 FEDERATED HERMES, INC. 0.01% of their portfolio PITTSBURGH, PA 289,323289.3k $3.6m $3.6m 0.01% Reduced -180.8k -180,830
22 VOYA INVESTMENT MANAGEMENT LLC 0.00% of their portfolio ATLANTA, GA 287,815287.8k $3.6m $3.6m 0.00% Reduced -290.4k -290,387
23 NORTHERN TRUST CORP 0.00% of their portfolio CHICAGO, IL 269,377269.4k $3.4m $3.4m 0.00% Reduced -26.1k -26,080
24 JACOBS LEVY EQUITY MANAGEMENT, INC 0.01% of their portfolio FLORHAM PARK, NJ 251,083251.1k $3.1m $3.1m 0.01% Reduced -185.5k -185,453
25 First Eagle Investment Management, LLC 0.01% of their portfolio NEW YORK, NY 248,912248.9k $3.1m $3.1m 0.01% Added +96.8k +96,799
26 Bank of New York Mellon Corp 0.00% of their portfolio NEW YORK, NY 241,908241.9k $3.0m $3.0m 0.00% Added +11.9k +11,872
27 Nuveen, LLC 0.00% of their portfolio CHARLOTTE, NC 241,726241.7k $3.0m $3.0m 0.00% Reduced -53.6k -53,569
28 Russell Investments Group, Ltd. 0.00% of their portfolio Seattle, WA 206,107206.1k $2.6m $2.6m 0.00% Added +170.5k +170,533
29 UBS Group AG 0.00% of their portfolio ZURICH, V8 202,180202.2k $2.5m $2.5m 0.00% Added +170.0k +169,958
30 ISTHMUS PARTNERS, LLC 0.30% of their portfolio MADISON, WI 201,544201.5k $2.5m $2.5m 0.30% Reduced -518 -518
31 Olstein Capital Management, L.P. 0.45% of their portfolio Purchase, NY 193,000193.0k $2.4m $2.4m 0.45% Reduced -32.8k -32,799
32 CSM Advisors, LLC 0.06% of their portfolio WARRENDALE, PA 168,260168.3k $2.1m $2.1m 0.06% New
33 Manatuck Hill Partners, LLC 0.73% of their portfolio WESTPORT, CT 154,957155.0k $1.9m $1.9m 0.73% Reduced -233.7k -233,731
34 JPMORGAN CHASE & CO 0.00% of their portfolio NEW YORK, NY 150,824150.8k $1.9m $1.9m 0.00% Reduced -10.3k -10,296
35 Orchard Capital Management, LLC 1.96% of their portfolio CHICAGO, IL 140,989141.0k $1.8m $1.8m 1.96% Reduced -200.4k -200,402
36 PANAGORA ASSET MANAGEMENT INC 0.01% of their portfolio BOSTON, MA 113,593113.6k $1.4m $1.4m 0.01% Added +14.1k +14,068
37 PRUDENTIAL FINANCIAL INC 0.00% of their portfolio NEWARK, NJ 109,859109.9k $1.4m $1.4m 0.00% Reduced -74.7k -74,683
38 Squarepoint Ops LLC 0.00% of their portfolio NEW YORK, NY 104,826104.8k $1.3m $1.3m 0.00% Reduced -16.9k -16,856
39 MILLENNIUM MANAGEMENT LLC 0.00% of their portfolio NEW YORK, NY 103,967104.0k $1.3m $1.3m 0.00% Reduced -53.4k -53,357
40 GOLDMAN SACHS GROUP INC 0.00% of their portfolio NEW YORK, NY 75,91375.9k $952.0k $952.0k 0.00% Reduced -27.7k -27,715
41 AMERICAN CENTURY COMPANIES INC 0.00% of their portfolio KANSAS CITY, MO 73,45673.5k $921.1k $921.1k 0.00% Added +6.2k +6,154
42 Invesco Ltd. 0.00% of their portfolio ATLANTA, GA 73,06873.1k $916.3k $916.3k 0.00% Reduced -14.8k -14,754
43 BARCLAYS PLC 0.00% of their portfolio LONDON, X0 57,17257.2k $716.9k $716.9k 0.00% Added +20.8k +20,761
44 BANK OF AMERICA CORP /DE/ 0.00% of their portfolio CHARLOTTE, NC 56,81656.8k $712.5k $712.5k 0.00% Added +30.8k +30,758
45 PRICE T ROWE ASSOCIATES INC /MD/ 0.00% of their portfolio BALTIMORE, MD 56,25356.3k $706.0k $706.0k 0.00% Added +17.0k +17,032
46 COMMONWEALTH EQUITY SERVICES, LLC 0.00% of their portfolio WALTHAM, MA 53,22353.2k $667.0k $667.0k 0.00% Added +92 +92
47 NJ State Employees Deferred Compensation Plan 0.08% of their portfolio TRENTON, NJ 52,00052.0k $652.1k $652.1k 0.08% Unchanged
48 GABELLI FUNDS LLC 0.00% of their portfolio Rye, NY 50,00050.0k $627.0k $627.0k 0.00% Reduced -6.0k -6,000
49 RHUMBLINE ADVISERS 0.00% of their portfolio BOSTON, MA 49,49949.5k $620.7k $620.7k 0.00% Reduced -2.0k -2,001
50 Pacific Ridge Capital Partners, LLC 0.14% of their portfolio LAKE OSWEGO, OR 46,36546.4k $581.4k $581.4k 0.14% Unchanged
51 Corient Private Wealth LP 0.00% of their portfolio MIAMI, FL 44,18744.2k $554.1k $554.1k 0.00% Added +3.2k +3,217
52 SUSQUEHANNA INTERNATIONAL GROUP, LLP 0.00% of their portfolio BALA CYNWYD, PA 40,81840.8k $511.9k $511.9k 0.00% Reduced -7.5k -7,540
53 Perritt Capital Management Inc 0.21% of their portfolio Chicago, IL 33,15033.1k $415.7k $415.7k 0.21% Added +388 +388
54 TWO SIGMA INVESTMENTS, LP 0.00% of their portfolio NEW YORK, NY 32,47032.5k $407.2k $407.2k 0.00% Reduced -88.9k -88,924
55 PRINCIPAL FINANCIAL GROUP INC 0.00% of their portfolio DES MOINES, IA 30,41630.4k $381.4k $381.4k 0.00% New
56 Hillsdale Investment Management Inc. 0.01% of their portfolio Toronto, A6 29,80029.8k $373.7k $373.7k 0.01% New
57 ALLIANCEBERNSTEIN L.P. 0.00% of their portfolio NASHVILLE, TN 27,95027.9k $350.5k $350.5k 0.00% Added +6.2k +6,200
58 XTX Topco Ltd 0.01% of their portfolio LONDON, X0 25,85625.9k $324.2k $324.2k 0.01% New
59 Polymer Capital Management (US) LLC 0.05% of their portfolio NEW YORK, NY 25,80525.8k $323.6k $323.6k 0.05% New
60 Quantinno Capital Management LP 0.00% of their portfolio NEW YORK, NY 24,69924.7k $309.7k $309.7k 0.00% Added +784 +784
61 TRUIST FINANCIAL CORP 0.00% of their portfolio CHARLOTTE, NC 24,40024.4k $306.0k $306.0k 0.00% Unchanged
62 DEUTSCHE BANK AG\ 0.00% of their portfolio FRANKFURT AM MAIN, 2M 24,25024.2k $304.1k $304.1k 0.00% Reduced -5.9k -5,936
63 LOS ANGELES CAPITAL MANAGEMENT LLC 0.00% of their portfolio LOS ANGELES, CA 22,62522.6k $283.7k $283.7k 0.00% Added +4.2k +4,150
64 BNP PARIBAS FINANCIAL MARKETS 0.00% of their portfolio PARIS, I0 22,39622.4k $280.8k $280.8k 0.00% Reduced -21.0k -21,049
65 Man Group plc 0.00% of their portfolio LONDON, X0 21,77821.8k $273.1k $273.1k 0.00% New
66 FRANKLIN RESOURCES INC 0.00% of their portfolio San Mateo, CA 21,19821.2k $265.8k $265.8k 0.00% Unchanged
67 Aquatic Capital Management LLC 0.01% of their portfolio CHICAGO, IL 21,19821.2k $265.8k $265.8k 0.01% Added +5.5k +5,548
68 OPPENHEIMER ASSET MANAGEMENT INC. 0.00% of their portfolio NEW YORK, NY 19,11219.1k $239.7k $239.7k 0.00% New
69 AQR CAPITAL MANAGEMENT LLC 0.00% of their portfolio Greenwich, CT 19,01019.0k $238.4k $238.4k 0.00% Added +4.8k +4,826
70 State of Wyoming 0.03% of their portfolio CHEYENNE, WY 18,89418.9k $236.9k $236.9k 0.03% New
71 MetLife Investment Management, LLC 0.00% of their portfolio Whippany, NJ 18,34118.3k $230.0k $230.0k 0.00% Unchanged
72 MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. 0.00% of their portfolio CAUSEWAY BAY, K3 17,79917.8k $223.2k $223.2k 0.00% Reduced -2.5k -2,450
73 Creative Planning 0.00% of their portfolio OVERLAND PARK, KS 17,13917.1k $214.9k $214.9k 0.00% New
74 Engineers Gate Manager LP 0.00% of their portfolio NEW YORK, NY 16,68716.7k $209.3k $209.3k 0.00% Reduced -39.0k -39,010
75 PRELUDE CAPITAL MANAGEMENT, LLC 0.02% of their portfolio NEW YORK, NY 16,00016.0k $200.6k $200.6k 0.02% New
76 INTECH INVESTMENT MANAGEMENT LLC 0.00% of their portfolio WEST PALM BEACH, FL 15,55915.6k $195.1k $195.1k 0.00% Reduced -6.1k -6,087
77 Campbell & CO Investment Adviser LLC 0.01% of their portfolio BALTIMORE, MD 13,81313.8k $173.2k $173.2k 0.01% New
78 CITIGROUP INC 0.00% of their portfolio NEW YORK, NY 13,56913.6k $170.2k $170.2k 0.00% Reduced -12.3k -12,332
79 TWO SIGMA SECURITIES, LLC 0.02% of their portfolio NEW YORK, NY 12,30712.3k $154.3k $154.3k 0.02% Reduced -1.1k -1,104
80 MANUFACTURERS LIFE INSURANCE COMPANY, THE 0.00% of their portfolio Toronto, A6 12,15912.2k $152.5k $152.5k 0.00% Reduced -308 -308
81 Zhang Financial LLC 0.01% of their portfolio PORTAGE, MI 11,21611.2k $140.7k $140.7k 0.01% Unchanged
82 LPL Financial LLC 0.00% of their portfolio FORT MILL, SC 10,85610.9k $136.1k $136.1k 0.00% New
83 Cambridge Investment Research Advisors, Inc. 0.00% of their portfolio FAIRFIELD, IA 10,20910.2k $128.0k $128.0k 0.00% Added +10 +10
84 NEW YORK STATE COMMON RETIREMENT FUND 0.00% of their portfolio ALBANY, NY 10,08510.1k $126.5k $126.5k 0.00% Unchanged
85 MAIRS & POWER INC 0.00% of their portfolio St Paul, MN 10,00010.0k $125.4k $125.4k 0.00% Unchanged
86 TWO SIGMA ADVISERS, LP 0.00% of their portfolio NEW YORK, NY 10,00010.0k $125.4k $125.4k 0.00% Reduced -73.3k -73,275
87 ROYAL BANK OF CANADA 0.00% of their portfolio TORONTO, A6 9,5589.6k $122.0k $122.0k 0.00% Added +6.9k +6,910
88 STRS OHIO 0.00% of their portfolio COLUMBUS, OH 8,9008.9k $111.6k $111.6k 0.00% Reduced -11.8k -11,800
89 RAYMOND JAMES FINANCIAL INC 0.00% of their portfolio ST. PETERSBURG, FL 8,1008.1k $101.6k $101.6k 0.00% Reduced -5.0k -5,000
90 US BANCORP \DE\ 0.00% of their portfolio MINNEAPOLIS, MN 7,9077.9k $99.2k $99.2k 0.00% Reduced -255 -255
91 Police & Firemen's Retirement System of New Jersey 0.00% of their portfolio TRENTON, NJ 6,8016.8k $85.3k $85.3k 0.00% Unchanged
92 North Star Investment Management Corp. 0.01% of their portfolio CHICAGO, IL 6,3576.4k $79.7k $79.7k 0.01% Added +4.8k +4,797
93 First Command Advisory Services, Inc. 0.00% of their portfolio FORT WORTH, TX 5,4355.4k $68.2k $68.2k 0.00% Unchanged
94 Tower Research Capital LLC (TRC) 0.00% of their portfolio NEW YORK, NY 4,1484.1k $52.0k $52.0k 0.00% Added +972 +972
95 Ameritas Investment Partners, Inc. 0.00% of their portfolio LINCOLN, NE 3,3973.4k $42.6k $42.6k 0.00% Unchanged
96 NISA INVESTMENT ADVISORS, LLC 0.00% of their portfolio ST. LOUIS, MO 3,3963.4k $42.6k $42.6k 0.00% Added +2.5k +2,481
97 FMR LLC 0.00% of their portfolio BOSTON, MA 3,3933.4k $42.5k $42.5k 0.00% Added +2.0k +1,958
98 PUBLIC EMPLOYEES RETIREMENT SYSTEM OF OHIO 0.00% of their portfolio COLUMBUS, OH 3,1403.1k $39.4k $39.4k 0.00% Reduced -11.1k -11,112
99 Legal & General Group Plc 0.00% of their portfolio London, X0 3,0603.1k $38.4k $38.4k 0.00% Unchanged
100 Leonteq Securities AG 0.00% of their portfolio ZURICH, V8 2,5002.5k $31.4k $31.4k 0.00% Unchanged