DaveManuel.com · Institutional Ownership · 13F Holdings
Pacific Ridge Capital Partners, LLC
Reported holdings as of Q2 2026, from 31 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| NORTHEAST BK PORTLAND ME | NBN | $15.8M | 119,173 | -0.24pp | 29q | -6.6%-$1.1M | |
| RED ROBIN GOURMET BURGERS | RRGB | $14.2M | 1,779,173 | +1.44pp | 16q | -0.8%-$110.4K | |
| VERSABANK NEW | VBNK | $13.6M | 585,516 | +0.66pp | 7q | -0.8%-$104.4K | |
| NATURAL GAS SVCS GROUP INC | NGS | $13.1M | 303,023 | -0.12pp | 31q | -0.8%-$101.4K | |
| HERITAGE INSURANCE HLDGS INC | HRTG | $13.1M | 500,463 | +0.06pp | 31q | +23.3%+$2.5M | |
| TWIN DISC INC | TWIN | $12.2M | 526,488 | +0.49pp | 31q | -0.8%-$94.6K | |
| DHI Group, Inc. | DHX | $12.0M | 3,228,701 | -0.03pp | 12q | -11.0%-$1.5M | |
| MOTORCAR PTS AMER INC | MPAA | $11.7M | 766,467 | +0.28pp | 17q | -0.8%-$91.2K | |
| ALICO INC | ALCO | $11.7M | 283,139 | -0.42pp | 21q | -0.8%-$90.7K | |
| KIMBALL ELECTRONICS INC | KE | $11.2M | 439,224 | +0.39pp | 22q | +36.2%+$3.0M | |
| AMERICAN INTEGRITY INS GROUP | AII | $10.9M | 579,444 | +0.35pp | 5q | +48.8%+$3.6M | |
| CPI CARD GROUP INC | PMTS | $10.5M | 507,681 | +0.45pp | 7q | +8.9%+$865.4K | |
| LAKELAND INDS INC | LAKE | $10.4M | 975,881 | +0.25pp | 20q | +5.0%+$501.4K | |
| JAKKS PAC INC | JAKK | $10.1M | 433,495 | -0.05pp | 12q | -0.8%-$80.2K | |
| CAPITAL BANCORP INC MD | CBNK | $10.1M | 286,371 | +0.34pp | 31q | +23.8%+$1.9M | |
| BANKWELL FINL GROUP INC | BWFG | $9.8M | 166,709 | +0.01pp | 13q | -0.8%-$75.8K | |
| AVIAT NETWORKS INC | AVNW | $9.8M | 441,141 | -0.10pp | 6q | +15.1%+$1.3M | |
| PARKE BANCORP INC | PKBK | $9.7M | 291,183 | -0.05pp | 31q | -0.8%-$74.8K | |
| REPAY HLDGS CORP | RPAY | $9.4M | 2,240,738 | +0.91pp | 4q | +58.5%+$3.5M | |
| KELLY SVCS INC | KELYA | $9.4M | 763,886 | +0.65pp | 22q | +39.6%+$2.7M | |
| UNITY BANCORP INC | UNTY | $9.3M | 157,618 | -0.10pp | 22q | -0.8%-$72.2K | |
| FS BANCORP INC | FSBW | $9.0M | 206,499 | -0.11pp | 31q | -0.8%-$69.2K | |
| FIRST BUSINESS FINL SVCS INC | FBIZ | $8.8M | 139,808 | -0.04pp | 31q | -0.8%-$68.5K | |
| BUILD-A-BEAR WORKSHOP INC | BBW | $8.7M | 284,811 | -0.17pp | 31q | +31.9%+$2.1M | |
| RIMINI STR INC DEL | RMNI | $8.7M | 2,044,428 | +0.22pp | 24q | +6.8%+$557.7K | |
| RCM TECHNOLOGIES INC | RCMT | $8.6M | 305,070 | +0.38pp | 7q | +6.8%+$549.4K | |
| HORIZON BANCORP INC | HBNC | $8.5M | 425,352 | flat | 31q | -0.8%-$65.8K | |
| FIVE STAR BANCORP | FSBC | $8.4M | 172,850 | +0.08pp | 14q | -2.2%-$189.9K | |
| BOWMAN CONSULTING GROUP LTD | BWMN | $8.1M | 276,963 | -0.04pp | 21q | +12.8%+$917.2K | |
| HAMILTON BEACH BRANDS HLDG C | HBB | $7.9M | 341,468 | +0.02pp | 21q | -0.8%-$60.8K | |
| AMERICAN PUB ED INC | APEI | $7.8M | 144,579 | -0.66pp | 7q | -13.8%-$1.2M | |
| COMMERCIAL BANCGROUP INC | CBK | $7.2M | 223,763 | +0.04pp | 3q | -0.8%-$56.3K | |
| USCB FINANCIAL HOLDINGS INC | USCB | $7.0M | 339,688 | -0.11pp | 19q | -0.8%-$53.9K | |
| MILLER INDS INC TENN | MLR | $6.9M | 135,738 | -0.09pp | 17q | -0.8%-$55.3K | |
| METROPOLITAN BK HLDG CORP | MCB | $6.7M | 67,775 | -1.25pp | 31q | -50.4%-$6.8M | |
| TowerBrook Capital Partners LP | JILL | $6.6M | 417,667 | +0.32pp | 3q | +16.9%+$957.0K | |
| HACKETT GROUP INC | HCKT | $6.6M | 608,663 | +1.00pp | 9q | +801.2%+$5.8M | |
| COLONY BANKCORP INC | CBAN | $6.4M | 319,367 | -0.23pp | 18q | -0.8%-$49.8K | |
| ORRSTOWN FINL SVCS INC | ORRF | $6.0M | 146,302 | -0.07pp | 31q | -0.8%-$46.2K | |
| FORRESTER RESH INC | FORR | $5.9M | 705,344 | +0.21pp | 8q | -0.8%-$46.3K | |
| ASURE SOFTWARE INC | ASUR | $5.5M | 696,002 | -0.30pp | 31q | -0.8%-$45.9K | |
| ALPINE INCOME PPTY TR INC | PINE | $5.5M | 264,271 | -0.04pp | 27q | -0.8%-$42.5K | |
| SHOE CARNIVAL INC | SHOE | $5.5M | 368,360 | -0.05pp | 3q | +19.0%+$873.2K | |
| MISTRAS GROUP INC | MG | $4.9M | 282,880 | -0.02pp | 29q | -0.8%-$41.8K | |
| CHIRON REAL ESTATE INC | XRN | $4.9M | 130,529 | -0.05pp | 4q | -0.8%-$40.6K | |
| INTEST CORP COM | INTT | $4.5M | 248,275 | -0.67pp | 28q | -50.6%-$4.6M | |
| DMC GLOBAL INC | BOOM | $4.4M | 758,983 | -0.11pp | 31q | -5.7%-$265.1K | |
| LIFETIME BRANDS INC | LCUT | $4.2M | 491,911 | +0.15pp | 31q | -0.8%-$32.6K | |
| SUNRISE RLTY TR INC | SUNS | $4.2M | 529,714 | +0.09pp | 6q | +31.4%+$1.0M | |
| RIVERVIEW BANCORP INC | RVSB | $4.1M | 749,544 | -0.16pp | 31q | -0.8%-$31.6K | |
| MARCUS CORP DEL | MCS | $3.9M | 166,613 | +0.09pp | 3q | -0.8%-$30.4K | |
| HURCO CO | HURC | $3.9M | 169,747 | +0.16pp | 31q | -0.8%-$30.1K | |
| ACACIA RESH CORP ACACIA TCH | ACTG | $3.8M | 810,962 | -0.17pp | 31q | -0.8%-$29.3K | |
| PARK DENTAL PARTNERS INC COM | PARK | $3.7M | 172,748 | +0.18pp | 3q | +27.5%+$802.7K | |
| COOPER STD HLDGS INC | CPS | $3.5M | 130,423 | -0.15pp | 21q | -0.8%-$27.5K | |
| CORE MOLDING TECHNOLOGIES IN | CMT | $3.4M | 143,189 | -0.09pp | 7q | -0.8%-$26.1K | |
| TILLYS INC | TLYS | $3.4M | 803,638 | flat | 16q | +15.9%+$463.3K | |
| HOME BANCORP INC | HBCP | $3.3M | 47,786 | -0.06pp | 8q | -4.0%-$135.7K | |
| PAMT CORP | PAMT | $2.7M | 193,151 | +0.14pp | 31q | -0.8%-$20.8K | |
| SILVERCREST ASSET MGMT GROUPCL | SAMG | $2.5M | 245,859 | -0.15pp | 31q | +19.0%+$396.0K | |
| SHIMMICK CORPORATION | SHIM | $2.5M | 542,440 | +0.10pp | 11q | +23.3%+$469.2K | |
| GENASYS INC | GNSS | $2.4M | 1,440,921 | -0.13pp | 12q | -0.8%-$19.1K | |
| SENSUS HEALTHCARE INC | SRTS | $2.4M | 789,675 | -0.25pp | 6q | -0.8%-$19.3K | |
| BGSF INC | BGSF | $2.2M | 381,083 | -0.14pp | 23q | -0.8%-$16.9K | |
| PHOTRONICS INC | PLAB | $2.1M | 63,210 | -0.08pp | 31q | +22.4%+$376.3K | |
| DXP ENTERPRISES INC | DXPE | $2.0M | 11,619 | flat | 31q | -1.1%-$22.1K | |
| RESOURCES CONNECTION INC | RGP | $1.9M | 454,533 | +0.31pp | 31q | +768.6%+$1.7M | |
| KOPPERS HOLDINGS INC | KOP | $1.9M | 42,995 | -0.01pp | 19q | -1.1%-$22.2K | |
| UNIVERSAL ELECTRS INC | UEIC | $1.9M | 399,404 | +0.03pp | 30q | +13.8%+$231.4K | |
| COASTAL FINL CORP WA | CCB | $1.9M | 24,221 | flat | 8q | +18.7%+$296.3K | |
| WABASH NATL CORP | WNC | $1.9M | 138,996 | +0.13pp | 31q | +23.9%+$361.7K | |
| HEALTHCARE SVCS GROUP INC | HCSG | $1.8M | 74,094 | -0.07pp | 26q | -25.0%-$606.3K | |
| STAGWELL INC | STGW | $1.8M | 240,354 | -0.01pp | 20q | -1.1%-$20.6K | |
| CARTER S INC | CRI | $1.8M | 42,813 | -0.02pp | 6q | -1.1%-$20.0K | |
| PERDOCEO ED CORP | PRDO | $1.7M | 54,217 | -0.13pp | 24q | -1.1%-$20.1K | |
| PATHWARD FINANCIAL INC | CASH | $1.7M | 19,516 | -0.07pp | 31q | -1.1%-$19.5K | |
| DOUGLAS DYNAMICS INC | PLOW | $1.7M | 31,437 | +0.02pp | 9q | -1.1%-$19.2K | |
| HELEN OF TROY LTD | HELE | $1.6M | 56,727 | +0.12pp | 8q | -1.1%-$19.0K | |
| CONNECTONE BANCORP INC | CNOB | $1.6M | 48,922 | +0.01pp | 31q | -1.1%-$18.5K | |
| NN INC | NNBR | $1.5M | 410,352 | +0.14pp | 31q | -0.8%-$11.5K | |
| HURON CONSULTING GROUP INC | HURN | $1.5M | 16,329 | - | new | NEW | |
| BARRETT BUSINESS SVCS INC | BBSI | $1.5M | 41,121 | +0.02pp | 31q | +6.9%+$94.7K | |
| EPLUS INC | PLUS | $1.5M | 17,525 | +0.10pp | 31q | +68.6%+$593.3K | |
| FIRST FINL CORP IND | THFF | $1.4M | 18,604 | flat | 31q | -1.1%-$16.3K | |
| BUSINESS FIRST BANCSHARES IN | BFST | $1.4M | 46,854 | -0.02pp | 13q | -1.1%-$16.3K | |
| MERCHANTS BANCORP IND | MBIN | $1.4M | 28,425 | -0.01pp | 4q | -1.1%-$16.4K | |
| GBANK FINL HLDGS INC | GBFH | $1.4M | 46,602 | +0.02pp | 5q | +15.9%+$193.7K | |
| CRA INTL INC | CRAI | $1.4M | 9,862 | +0.17pp | 2q | +292.6%+$1.0M | |
| ONESPAN INC | OSPN | $1.3M | 90,142 | +0.07pp | 3q | +26.2%+$268.6K | |
| GRID DYNAMICS HLDGS INC | GDYN | $1.3M | 227,680 | - | new | NEW | |
| BRIDGEWATER BANCSHARES INC | BWB | $1.2M | 59,005 | -0.05pp | 31q | -18.1%-$273.8K | |
| QCR HOLDINGS INC | QCRH | $1.2M | 12,290 | -0.01pp | 17q | -1.1%-$13.7K | |
| AEBI SCHMIDT HLDG AG | AEBI | $1.2M | 94,936 | +0.05pp | 4q | +17.6%+$178.5K | |
| CALERES INC | CAL | $1.1M | 92,712 | -0.01pp | 31q | -1.1%-$13.2K | |
| HYSTER-YALE INC | HY | $1.1M | 31,218 | flat | 4q | +12.1%+$118.3K | |
| NATIONAL CINEMEDIA INC | NCMI | $1.1M | 284,148 | +0.09pp | 5q | +80.5%+$481.7K | |
| DESIGNER BRANDS INC | DBI | $1.1M | 180,979 | -0.01pp | 14q | +12.1%+$113.6K | |
| ACCO BRANDS CORP | ACCO | $1.0M | 248,314 | +0.02pp | 20q | -1.1%-$11.9K | |
| HERITAGE FINL CORP WASH | HFWA | $1.0M | 34,627 | -0.01pp | 13q | -1.1%-$11.8K | |
| ENNIS INC | EBF | $1.0M | 48,021 | -0.04pp | 31q | -1.1%-$11.8K | |
| HUDSON TECHNOLOGIES INC | HDSN | $1.0M | 174,539 | -0.01pp | 12q | +18.8%+$158.5K | |
| COMTECH TELECOMMUNICATIONS C | CMTL | $966.1K | 460,052 | -0.16pp | 31q | -0.8%-$7.8K | |
| DAKTRONICS INC | DAKT | $905.4K | 46,287 | -0.03pp | 31q | -1.1%-$10.2K | |
| MONRO INC | MNRO | $887.7K | 51,883 | +0.05pp | 2q | +63.5%+$344.9K | |
| CALIFORNIA BANCORP | BCAL | $880.8K | 42,263 | flat | 9q | -1.1%-$10.1K | |
| JEFFERSON CAPITAL INC | JCAP | $864.4K | 44,395 | +0.04pp | 2q | +54.4%+$304.5K | |
| CUSTOMERS BANCORP INC | CUBI | $857.0K | 10,834 | -0.01pp | 31q | -1.1%-$9.9K | |
| GIGACLOUD TECHNOLOGY INC | GCT | $828.5K | 26,219 | -0.06pp | 7q | +23.3%+$156.3K | |
| AMERICAN COASTAL INS CORP | ACIC | $826.8K | 74,483 | +0.01pp | 2q | +31.8%+$199.3K | |
| PRA GROUP INC | PRAA | $826.4K | 43,516 | -0.02pp | 31q | -1.1%-$9.6K | |
| PHOENIX ED PARTNERS INC | PXED | $823.5K | 25,067 | - | new | NEW | |
| NPK INTERNATIONAL INC | NPKI | $801.7K | 50,387 | -0.01pp | 31q | -1.1%-$9.1K | |
| COLUMBUS MCKINNON CORP N Y | CMCO | $789.7K | 52,197 | +0.08pp | 31q | +160.4%+$486.5K | |
| N-ABLE INC | NABL | $784.4K | 213,722 | - | new | NEW | |
| BANC OF CALIFORNIA INC | BANC | $783.1K | 38,330 | -0.01pp | 31q | -1.1%-$9.0K | |
| BRANDYWINE RLTY TR | BDN | $776.7K | 245,003 | flat | 11q | -1.1%-$9.0K | |
| MATRIX SVC CO | MTRX | $736.8K | 53,779 | flat | 31q | -1.1%-$8.5K | |
| CRAWFORD & CO | CRDA | $713.2K | 63,283 | -0.01pp | 4q | -1.1%-$8.2K | |
| PC CONNECTION INC | CNXN | $709.2K | 9,716 | flat | 31q | -1.1%-$8.0K | |
| FIRST CAROLINA FINL SVCS | FCBM | $692.3K | 52,286 | - | new | NEW | |
| RIBBON COMMUNICATIONS INC | RBBN | $669.7K | 286,213 | +0.01pp | 31q | +16.3%+$93.7K | |
| BENCHMARK ELECTRS INC | BHE | $667.5K | 6,765 | -0.08pp | 25q | -59.7%-$988.1K | |
| BURKE HERBERT FINL SVCS CORP | BHRB | $661.3K | 9,203 | +0.04pp | 2q | +62.9%+$255.3K | |
| JANUS INTERNATIONAL GROUP IN | JBI | $658.5K | 118,642 | +0.06pp | 2q | +109.0%+$343.5K | |
| CORE LABORATORIES INC | CLB | $645.6K | 55,418 | -0.04pp | 4q | +24.7%+$128.0K | |
| HEARTLAND EXPRESS INC | HTLD | $616.0K | 40,475 | +0.02pp | 4q | -1.1%-$7.1K | |
| BLOOMIN BRANDS INC | BLMN | $603.7K | 66,045 | +0.03pp | 15q | -1.1%-$6.9K | |
| GIBRALTAR INDS INC | ROCK | $581.6K | 12,896 | - | new | NEW | |
| STANDARD MTR PRODS INC | SMP | $570.2K | 14,631 | -0.01pp | 31q | -1.1%-$6.5K | |
| UNIVERSAL LOGISTICS HLDGS INCOM | ULH | $499.8K | 33,770 | -0.07pp | 11q | -1.1%-$5.7K | |
| ENERPAC TOOL GROUP CORP | EPAC | $458.3K | 12,779 | +0.02pp | 27q | +53.5%+$159.8K | |
| ZUMIEZ INC | ZUMZ | $391.5K | 21,994 | -0.04pp | 16q | -1.1%-$4.4K | |
| ALIGHT INC | ALIT | $314.5K | 561,644 | - | new | NEW | |
| SMITH MICRO SOFTWARE INC | SMSI | $279.1K | 104,145 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Banks & Lending | $147.6M | 26.8% |
| Business Services | $97.2M | 17.6% |
| Retail & Consumer | $44.2M | 8.0% |
| Semiconductors & Electronics | $38.6M | 7.0% |
| Industrials | $34.8M | 6.3% |
| Real Estate | $27.1M | 4.9% |
| Insurance | $25.5M | 4.6% |
| Autos & Aerospace | $24.7M | 4.5% |
| Telecom & Media | $16.5M | 3.0% |
| Energy | $13.7M | 2.5% |
| Medical Devices | $12.8M | 2.3% |
| Software & IT Services | $9.8M | 1.8% |
| Other sectors | $42.7M | 7.7% |
| Not classified | $15.8M | 2.9% |
What the disclosed book did
This is not the fund's return. A 13F shows long US equity positions only, so shorts, bonds, foreign listings, private holdings and cash are all invisible here. What this measures is the quarter's change in value of the positions this manager disclosed, had they been left untouched - the return a reader following the filing would have earned.
| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q2 2026 | +21.2% | +14.8% | +6.4% | 100% |
| Q1 2026 | +1.7% | -4.6% | +6.4% | 100% |
| Q4 2025 | +3.9% | +2.4% | +1.5% | 99% |
| Q3 2025 | +16.0% | +7.8% | +8.2% | 100% |
| Q2 2025 | +12.2% | +10.5% | +1.7% | 100% |
| Q1 2025 | -9.9% | -4.6% | -5.4% | 98% |
| Q4 2024 | +3.6% | +2.1% | +1.5% | 99% |
| Q3 2024 | +13.4% | +5.4% | +7.9% | 100% |
Market is SPY over the same two quarter ends, priced the same way as everything else here - the median across every filer reporting it. It is a large-cap US proxy, so a manager holding small caps or biotech will beat or trail it for reasons that are not skill. Prices are quarter-end to quarter-end and say nothing about the path in between, or about trades opened and closed inside a quarter.
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q2 2026 | $551.0M | 134 | 8 | 46 | 80 | 11 | 23.3% | 43 |
| Q1 2026 | $461.8M | 137 | 6 | 61 | 17 | 7 | 22.8% | 41 |
| Q4 2025 | $455.6M | 138 | 10 | 76 | 52 | 7 | 22.6% | 35 |
| Q3 2025 | $455.0M | 135 | 8 | 27 | 57 | 6 | 23.7% | 43 |
| Q2 2025 | $418.3M | 133 | 3 | 43 | 52 | 6 | 23.9% | 42 |
| Q1 2025 | $379.3M | 136 | 6 | 32 | 96 | 9 | 25.6% | 39 |
| Q4 2024 | $435.7M | 139 | 9 | 44 | 42 | 7 | 23.6% | 43 |
| Q3 2024 | $422.0M | 137 | 5 | 22 | 109 | 7 | 24.4% | 44 |
| Q2 2024 | $416.1M | 139 | 4 | 25 | 67 | 1 | 23.2% | 46 |
| Q1 2024 | $455.8M | 136 | 3 | 19 | 114 | 4 | 23.5% | 39 |
| Q4 2023 | $492.4M | 137 | 6 | 29 | 57 | 5 | 22.5% | 43 |
| Q3 2023 | $431.2M | 136 | 6 | 38 | 44 | 3 | 22.0% | 44 |
| Q2 2023 | $439.6M | 133 | 6 | 76 | 14 | 2 | 22.0% | 41 |
| Q1 2023 | $406.1M | 129 | 6 | 19 | 69 | 4 | 23.0% | 42 |
| Q4 2022 | $424.4M | 127 | 4 | 25 | 57 | 3 | 22.5% | 44 |
| Q3 2022 | $386.1M | 126 | 3 | 20 | 63 | 4 | 20.6% | 41 |
| Q2 2022 | $424.2M | 127 | 5 | 16 | 77 | 2 | 21.4% | 41 |
| Q1 2022 | $525.2M | 124 | 2 | 45 | 9 | 6 | 21.2% | 41 |
| Q4 2021 | $562.3M | 128 | 6 | 34 | 51 | 6 | 20.5% | 41 |
| Q3 2021 | $541.7M | 128 | 9 | 66 | 52 | 5 | 21.6% | 43 |
| Q2 2021 | $552.2M | 124 | 10 | 67 | 40 | 8 | 20.4% | 44 |
| Q1 2021 | $528.3M | 122 | 5 | 68 | 16 | 6 | 20.4% | 41 |
| Q4 2020 | $409.6M | 123 | 2 | 27 | 91 | 6 | 21.0% | 41 |
| Q3 2020 | $352.8M | 127 | 5 | 14 | 75 | 1 | 25.1% | 41 |
| Q2 2020 | $365.6M | 123 | 7 | 76 | 4 | 7 | 23.4% | 42 |
| Q1 2020 | $267.0M | 123 | 5 | 72 | 11 | 8 | 22.2% | 44 |
| Q4 2019 | $442.6M | 126 | 5 | 68 | 53 | 5 | 22.9% | 41 |
| Q3 2019 | $385.6M | 126 | 5 | 69 | 6 | 9 | 20.7% | 43 |
| Q2 2019 | $390.2M | 130 | 5 | 41 | 68 | 3 | 20.6% | 40 |
| Q1 2019 | $372.9M | 128 | 5 | 73 | 49 | 9 | 20.1% | 40 |
| Q4 2018 | $299.6M | 132 | 0 | 0 | 0 | 0 | 19.7% | 44 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.