DaveManuel.com · Institutional Ownership · 13F Holdings
Leeward Investments, LLC - MA
Reported holdings as of Q3 2026, from 19 quarterly filings.
Holdings
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| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| ROGERS CORP | ROG | $50.3M | 328,731 | +0.21pp | 11q | +4.7%+$2.3M | |
| CLEAN HARBORS INC | CLH | $40.5M | 130,704 | +0.21pp | 19q | -3.6%-$1.5M | |
| ENCOMPASS HEALTH CORP | EHC | $38.0M | 312,855 | +0.42pp | 19q | -4.4%-$1.8M | |
| PERMIAN RESOURCES CORP | PR | $37.9M | 1,792,205 | +0.34pp | 13q | -4.4%-$1.7M | |
| REGAL REXNORD CORPORATION | RRX | $32.0M | 206,147 | -0.70pp | 19q | -3.6%-$1.2M | |
| ENPRO INC | NPO | $30.4M | 99,178 | -0.27pp | 19q | -6.1%-$2.0M | |
| VIAVI SOLUTIONS INC | VIAV | $27.4M | 654,541 | -0.82pp | 19q | -35.5%-$15.1M | |
| STANDEX INTL CORP | SXI | $27.1M | 99,093 | -0.34pp | 19q | -5.5%-$1.6M | |
| GATES INDL CORP LTD | GTES | $26.4M | 1,009,225 | - | new | NEW | |
| HEXCEL CORP NEW | HXL | $25.4M | 302,614 | -0.26pp | 19q | -10.8%-$3.1M | |
| VOYA FINANCIAL INC | VOYA | $25.1M | 265,472 | +0.10pp | 9q | -6.4%-$1.7M | |
| LKQ CORP | LKQ | $24.7M | 1,083,743 | +0.94pp | 19q | +321.1%+$18.9M | |
| VALMONT INDS INC | VMI | $24.4M | 52,665 | -0.24pp | 18q | -6.2%-$1.6M | |
| AGREE RLTY CORP | ADC | $24.4M | 364,642 | -0.08pp | 10q | -4.1%-$1.0M | |
| PRESTIGE CONSMR HEALTHCARE I | PBH | $24.2M | 526,609 | +0.28pp | 19q | +20.3%+$4.1M | |
| HURON CONSULTING GROUP INC | HURN | $23.9M | 152,253 | +0.54pp | 19q | -6.3%-$1.6M | |
| PERFORMANCE FOOD GROUP CO | PFGC | $23.4M | 256,237 | -0.17pp | 19q | -4.1%-$992.3K | |
| WESCO INTL INC | WCC | $23.2M | 64,579 | +0.15pp | 14q | -1.1%-$258.9K | |
| COLUMBIA BKG SYS INC | COLB | $23.1M | 808,364 | -0.09pp | 15q | -6.2%-$1.5M | |
| CACI INTL INC | CACI | $22.3M | 36,556 | +0.31pp | 19q | -5.7%-$1.4M | |
| WINTRUST FINL CORP | WTFC | $22.2M | 156,735 | -0.09pp | 19q | -5.7%-$1.3M | |
| SILICON LABORATORIES INC | SLAB | $22.1M | 99,909 | -0.08pp | 13q | -17.2%-$4.6M | |
| AXALTA COATING SYS LTD | AXTA | $22.0M | 683,289 | flat | 19q | -4.0%-$904.3K | |
| VALLEY NATL BANCORP | VLY | $21.7M | 1,717,294 | -0.12pp | 15q | -5.7%-$1.3M | |
| CACTUS INC | WHD | $21.4M | 344,061 | +0.24pp | 19q | -5.2%-$1.2M | |
| FIRST INTST BANCSYSTEM INC | FIBK | $20.9M | 583,577 | -0.03pp | 19q | -5.6%-$1.2M | |
| VALVOLINE INC | VVV | $20.7M | 686,412 | -0.04pp | 19q | +13.7%+$2.5M | |
| OLD NATL BANCORP IND | ONB | $20.6M | 837,075 | flat | 16q | -5.5%-$1.2M | |
| NEWMARK GROUP INC | NMRK | $19.8M | 1,615,214 | -0.18pp | 19q | -5.7%-$1.2M | |
| IDACORP INC | IDA | $19.7M | 150,494 | -0.10pp | 19q | -5.7%-$1.2M | |
| Korn Ferry | KFY | $19.6M | 274,449 | +0.11pp | 19q | -5.7%-$1.2M | |
| KEYSIGHT TECHNOLOGIES INC | KEYS | $19.2M | 52,754 | flat | 13q | -13.4%-$3.0M | |
| ASSOCIATED BANC CORP | ASB | $19.2M | 668,962 | -0.02pp | 7q | -5.7%-$1.2M | |
| INDEPENDENT BK CORP MASS | INDB | $19.1M | 245,922 | -0.03pp | 16q | -5.5%-$1.1M | |
| OPTION CARE HEALTH INC | OPCH | $19.1M | 848,059 | +0.29pp | 10q | +20.1%+$3.2M | |
| NATIONAL BK HLDGS CORP | NBHC | $18.8M | 479,837 | -0.08pp | 15q | -5.7%-$1.1M | |
| HANOVER INS GROUP INC | THG | $18.2M | 84,993 | +0.04pp | 15q | -5.7%-$1.1M | |
| COPT DEFENSE PROPERTIES | CDP | $17.8M | 534,126 | -0.04pp | 19q | -5.7%-$1.1M | |
| EXPRO LTD | XPRO | $17.5M | 1,111,158 | - | new | NEW | |
| FB FINL CORP | FBK | $17.2M | 332,035 | -0.02pp | 5q | -5.6%-$1.0M | |
| MURPHY USA INC | MUSA | $17.1M | 34,007 | +0.36pp | 19q | +65.9%+$6.8M | |
| SIMMONS FIRST NATL CORP | SFNC | $16.9M | 747,193 | +0.04pp | 3q | -5.7%-$1.0M | |
| INGREDION INC | INGR | $16.7M | 174,326 | +0.27pp | 19q | +29.8%+$3.8M | |
| AGILENT TECHNOLOGIES INC | A | $16.6M | 96,523 | +0.25pp | 4q | -1.1%-$181.4K | |
| HARMONIC INC | HLIT | $16.6M | 1,569,991 | -0.40pp | 19q | -5.7%-$1.0M | |
| MICROCHIP TECHNOLOGY INC. | MCHP | $16.4M | 210,282 | -0.06pp | 5q | -1.2%-$193.0K | |
| CABOT CORP | CBT | $16.0M | 207,597 | -0.10pp | 19q | -5.7%-$965.9K | |
| INSTALLED BLDG PRODS INC | IBP | $16.0M | 83,162 | -0.05pp | 9q | +1.9%+$302.8K | |
| REINSURANCE GROUP AMER INC | RGA | $15.7M | 63,927 | +0.17pp | 19q | -1.1%-$174.1K | |
| ISHARES TR | IWN | $15.7M | 75,047 | +0.21pp | 19q | +29.0%+$3.5M | |
| BELDEN INC | BDC | $15.7M | 145,408 | -0.05pp | 19q | -5.7%-$952.3K | |
| STARWOOD PPTY TR INC | STWD | $15.2M | 1,125,541 | -0.15pp | 8q | -9.1%-$1.5M | |
| STAG INDUSTRIAL INC | STAG | $14.5M | 405,702 | -0.01pp | 17q | -5.5%-$840.6K | |
| PTC INC | PTC | $14.2M | 101,324 | +0.33pp | 19q | +36.1%+$3.8M | |
| PORTLAND GEN ELEC CO | POR | $14.1M | 316,157 | +0.17pp | 19q | +38.2%+$3.9M | |
| SLB LIMITED | SLB | $14.1M | 288,514 | +0.09pp | 5q | -1.1%-$158.7K | |
| ARAMARK | ARMK | $13.9M | 260,353 | +0.02pp | 10q | -1.1%-$155.4K | |
| GROUP 1 AUTOMOTIVE INC | GPI | $13.8M | 57,283 | -0.01pp | 7q | +7.8%+$997.8K | |
| DORMAN PRODS INC | DORM | $13.6M | 111,238 | -0.22pp | 19q | -24.1%-$4.3M | |
| MGIC INVT CORP WIS | MTG | $13.5M | 523,109 | -0.03pp | 19q | -5.5%-$782.2K | |
| ITT INC | ITT | $13.4M | 66,551 | -0.26pp | 19q | -36.2%-$7.6M | |
| HELIOS TECHNOLOGIES INC | HLIO | $13.4M | 197,207 | -0.17pp | 3q | -5.7%-$802.7K | |
| SOUTHSTATE BK CORP | SSB | $13.4M | 134,475 | +0.18pp | 5q | +22.5%+$2.5M | |
| FIRST HORIZON CORPORATION | FHN | $13.0M | 566,280 | -0.01pp | 15q | -1.1%-$145.3K | |
| PROSPERITY BANCSHARES INC | PB | $12.9M | 194,580 | -0.03pp | 2q | -5.8%-$792.4K | |
| GENTEX CORP | GNTX | $12.8M | 590,752 | -0.06pp | 11q | -4.2%-$558.6K | |
| SM ENERGY COMPANY | SM | $12.7M | 376,172 | +0.15pp | 3q | -9.7%-$1.4M | |
| WABTEC | WAB | $12.7M | 44,176 | +0.09pp | 19q | -1.1%-$140.7K | |
| UNIVEST FINANCIAL CORPORATIO | UVSP | $12.5M | 303,841 | -0.01pp | 19q | -5.5%-$721.1K | |
| INDEPENDENCE RLTY TR INC | IRT | $12.3M | 849,818 | - | new | NEW | |
| ADDUS HOMECARE CORP | ADUS | $12.3M | 111,565 | +0.08pp | 6q | -5.7%-$750.8K | |
| MADDEN STEVEN LTD | SHOO | $12.2M | 272,053 | +0.06pp | 19q | -5.7%-$730.5K | |
| PACKAGING CORP AMER | PKG | $12.0M | 52,153 | +0.03pp | 5q | -1.0%-$117.2K | |
| DOVER CORP | DOV | $11.9M | 63,855 | +0.04pp | 19q | +14.5%+$1.5M | |
| GLOBUS MED INC | GMED | $11.6M | 154,919 | flat | 13q | -5.7%-$704.7K | |
| CENTERPOINT ENERGY INC | CNP | $11.3M | 306,005 | +0.14pp | 19q | +43.2%+$3.4M | |
| INNOSPEC INC | IOSP | $11.3M | 118,035 | +0.11pp | 19q | -5.8%-$693.3K | |
| EVERGY INC | EVRG | $11.1M | 141,043 | flat | 19q | -1.1%-$123.2K | |
| ENTERGY CORP NEW | ETR | $11.0M | 111,076 | -0.03pp | 19q | -1.1%-$123.2K | |
| LABCORP HOLDINGS INC | LH | $10.9M | 35,533 | +0.03pp | 10q | -14.3%-$1.8M | |
| INGEVITY CORP | NGVT | $10.8M | 153,075 | flat | 19q | -5.8%-$669.2K | |
| Jones Lang LaSalle, Inc. | JLL | $10.8M | 35,215 | +0.07pp | 2q | +5.3%+$541.4K | |
| PLANET FITNESS MASTER ISSUER | PLNT | $10.6M | 250,074 | - | new | NEW | |
| FIRST AMERN FINL CORP | FAF | $10.5M | 173,578 | -0.04pp | 15q | -5.5%-$610.4K | |
| DEVON ENERGY CORP NEW | DVN | $10.3M | 224,644 | +0.13pp | 2q | +6.9%+$668.0K | |
| ENVISTA HOLDINGS CORPORATION | NVST | $10.3M | 438,444 | -0.03pp | 19q | -3.9%-$418.1K | |
| AKAMAI TECHNOLOGIES INC | AKAM | $10.2M | 95,759 | flat | 19q | -0.9%-$94.1K | |
| WILLIS TOWERS WATSON PLC LTD | WTW | $10.2M | 35,272 | +0.12pp | 12q | +7.5%+$705.6K | |
| COHU INC | COHU | $10.0M | 147,180 | -1.27pp | 8q | -72.2%-$26.0M | |
| SPIRE INC | SR | $9.9M | 130,292 | +0.01pp | 19q | -5.7%-$598.8K | |
| DARLING INGREDIENTS INC | DAR | $9.9M | 162,594 | +0.03pp | 19q | -14.8%-$1.7M | |
| CENCORA INC | COR | $9.8M | 32,628 | +0.07pp | 19q | -1.1%-$107.8K | |
| DIAMONDBACK ENERGY INC | FANG | $9.6M | 52,037 | +0.06pp | 11q | -1.1%-$105.9K | |
| BALL CORP | BALL | $9.4M | 167,869 | -0.01pp | 7q | -1.0%-$92.6K | |
| EXLSERVICE HLDGS INC | EXLS | $9.4M | 273,421 | +0.14pp | 19q | -5.5%-$544.1K | |
| CITY HLDG CO | CHCO | $9.3M | 66,631 | +0.04pp | 15q | -5.5%-$537.3K | |
| URBAN OUTFITTERS INC | URBN | $9.2M | 120,602 | +0.05pp | 19q | -6.0%-$591.1K | |
| AMERIPRISE FINL INC | AMP | $9.1M | 18,444 | +0.17pp | 19q | +31.3%+$2.2M | |
| BLACK HILLS CORP | BKH | $8.9M | 127,563 | -0.01pp | 19q | -5.8%-$548.5K | |
| CHIMERA INVT CORP | CIM | $8.9M | 935,856 | -0.20pp | 10q | -13.0%-$1.3M | |
| SILGAN HLDGS INC | SLGN | $8.7M | 250,955 | -0.12pp | 19q | -5.9%-$551.7K | |
| EVERCORE INC | EVR | $8.7M | 33,786 | -0.09pp | 6q | -1.2%-$101.7K | |
| NMI HLDGS INC | NMIH | $8.6M | 229,947 | -0.02pp | 19q | -5.5%-$497.4K | |
| American Int'l Group, Inc. | AIG | $8.2M | 109,808 | +0.09pp | 19q | +15.7%+$1.1M | |
| XCEL ENERGY INC | XEL | $8.1M | 114,558 | +0.02pp | 7q | +7.5%+$560.3K | |
| ALLY FINL INC | ALLY | $8.0M | 213,011 | -0.04pp | 7q | -1.1%-$88.7K | |
| RALPH LAUREN CORP | RL | $8.0M | 22,533 | +0.03pp | 3q | +10.1%+$732.9K | |
| ESSEX PPTY TR INC | ESS | $8.0M | 29,623 | +0.01pp | 19q | -1.1%-$86.5K | |
| EAGLE MATLS INC | EXP | $8.0M | 46,606 | -0.08pp | 7q | -0.9%-$75.1K | |
| AERCAP HOLDINGS NV | AER | $8.0M | 55,401 | +0.03pp | 19q | -1.1%-$87.7K | |
| LUMENTUM HLDGS INC | LITE | $7.9M | 8,163 | -0.34pp | 19q | -56.9%-$10.5M | |
| ENERPAC TOOL GROUP CORP | EPAC | $7.9M | 225,251 | +0.01pp | 19q | -5.5%-$455.6K | |
| ZIMMER BIOMET HOLDINGS INC | ZBH | $7.8M | 88,000 | +0.05pp | 19q | -1.1%-$86.6K | |
| MID-AMER APT CMNTYS INC | MAA | $7.7M | 65,484 | flat | 9q | +6.9%+$500.2K | |
| ROYAL CARIBBEAN GROUP | RCL | $7.7M | 28,786 | +0.11pp | 3q | +49.3%+$2.5M | |
| WESTAMERICA BANCORPORATION | WABC | $7.5M | 127,896 | +0.02pp | 12q | -5.5%-$430.9K | |
| L3HARRIS TECHNOLOGIES INC | LHX | $7.4M | 31,444 | -0.04pp | 12q | -0.9%-$68.9K | |
| WEC ENERGY GROUP INC | WEC | $7.1M | 70,435 | -0.02pp | 19q | -1.1%-$78.9K | |
| YETI HLDGS INC | YETI | $6.9M | 169,313 | -0.05pp | 19q | -6.0%-$446.5K | |
| PARKER HANNIFIN CORP | PH | $6.9M | 7,205 | +0.02pp | 19q | -1.0%-$70.7K | |
| BORGWARNER INC | BWA | $6.8M | 113,477 | flat | 19q | -1.1%-$75.9K | |
| CTO RLTY GROWTH INC NEW | CTO | $6.8M | 329,999 | flat | 8q | -5.6%-$401.0K | |
| ALLSTATE CORP | ALL | $6.8M | 30,469 | +0.01pp | 17q | -1.0%-$71.2K | |
| SNAP ON INC | SNA | $6.5M | 17,915 | flat | 19q | -1.1%-$69.4K | |
| DTE ENERGY CO | DTE | $6.5M | 53,282 | -0.25pp | 19q | -36.4%-$3.7M | |
| GENPACT LIMITED | G | $6.4M | 197,240 | +0.08pp | 15q | -1.1%-$70.6K | |
| INTERNATIONAL FLAVORS&FRAGRA | IFF | $6.3M | 75,604 | +0.04pp | 17q | -1.1%-$70.8K | |
| LEIDOS HOLDINGS INC | LDOS | $6.2M | 50,534 | +0.07pp | 19q | -1.1%-$67.4K | |
| CONSTELLATION BRANDS INC | STZ | $5.9M | 52,532 | -0.04pp | 19q | -1.1%-$66.3K | |
| BLUE OWL CAPITAL INC | OWL | $5.8M | 634,941 | +0.08pp | 4q | +20.9%+$996.0K | |
| QXO INC | QXO | $5.7M | 487,375 | - | new | NEW | |
| HUMANA INC | HUM | $5.4M | 14,064 | +0.01pp | 11q | -1.0%-$56.5K | |
| INTEGRA LIFESCIENCES HLDGS C | IART | $5.3M | 328,560 | -0.02pp | 19q | -6.2%-$351.5K | |
| LAMB WESTON HLDGS INC | LW | $5.1M | 122,175 | +0.02pp | 19q | -1.1%-$55.9K | |
| MARZETTI COMPANY | MZTI | $5.0M | 50,908 | -0.03pp | 18q | -6.2%-$333.2K | |
| CASEYS GEN STORES INC | CASY | $4.6M | 7,542 | -0.04pp | 19q | -1.0%-$46.9K | |
| ISHARES TR | IJJ | $3.3M | 23,803 | flat | 5q | -1.1%-$35.7K | |
| O-I GLASS INC | OI | $2.5M | 442,668 | -0.10pp | 19q | -15.6%-$462.5K | |
| MGP INGREDIENTS INC NEW | MGPI | $846.1K | 63,858 | -0.01pp | 19q | -5.3%-$47.6K |
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 | $276.1M | 14.0% |
| Industrials | $228.3M | 11.5% |
| Chemicals | $172.4M | 8.7% |
| Real Estate | $146.2M | 7.4% |
| Utilities | $138.3M | 7.0% |
| Energy | $132.6M | 6.7% |
| Insurance | $122.1M | 6.2% |
| Semiconductors & Electronics | $90.4M | 4.6% |
| Wholesale & Distribution | $87.8M | 4.4% |
| Healthcare Services | $80.4M | 4.1% |
| Retail & Consumer | $78.8M | 4.0% |
| Business Services | $77.5M | 3.9% |
| Other sectors | $327.7M | 16.6% |
| Not classified | $19.0M | 1.0% |
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 |
|---|---|---|---|---|
| Q3 2026 | -6.1% | +2.1% | -8.2% | 96% |
| Q2 2026 | +12.1% | +14.8% | -2.8% | 100% |
| Q1 2026 | +6.4% | -4.6% | +11.1% | 99% |
| Q4 2025 | +4.6% | +2.4% | +2.2% | 100% |
| Q3 2025 | +6.7% | +7.8% | -1.1% | 99% |
| Q2 2025 | +2.9% | +10.5% | -7.6% | 100% |
| Q1 2025 | -3.7% | -4.6% | +0.8% | 100% |
| Q4 2024 | -0.8% | +2.1% | -2.9% | 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 |
|---|---|---|---|---|---|---|---|---|
| Q3 2026 | $2.0B | 139 | 5 | 25 | 109 | 6 | 17.0% | 23 |
| Q2 2026 | $2.2B | 140 | 3 | 22 | 115 | 5 | 18.6% | 30 |
| Q1 2026 | $2.0B | 142 | 6 | 17 | 119 | 5 | 16.8% | 17 |
| Q4 2025 | $2.0B | 141 | 2 | 27 | 91 | 3 | 16.7% | 36 |
| Q3 2025 | $2.0B | 142 | 6 | 24 | 112 | 5 | 17.3% | 38 |
| Q2 2025 | $1.9B | 141 | 2 | 25 | 114 | 4 | 18.0% | 31 |
| Q1 2025 | $1.9B | 143 | 6 | 24 | 112 | 8 | 17.0% | 29 |
| Q4 2024 | $2.0B | 145 | 5 | 8 | 132 | 5 | 16.9% | 35 |
| Q3 2024 | $2.2B | 145 | 3 | 16 | 75 | 3 | 16.6% | 31 |
| Q2 2024 | $2.2B | 145 | 5 | 81 | 56 | 6 | 16.2% | 19 |
| Q1 2024 | $2.3B | 146 | 6 | 54 | 81 | 4 | 15.9% | 19 |
| Q4 2023 | $2.1B | 144 | 6 | 17 | 121 | 6 | 15.3% | 33 |
| Q3 2023 | $2.0B | 144 | 5 | 13 | 126 | 3 | 16.3% | 11 |
| Q2 2023 | $2.1B | 142 | 3 | 12 | 127 | 2 | 16.6% | 27 |
| Q1 2023 | $2.2B | 141 | 10 | 21 | 105 | 10 | 16.3% | 20 |
| Q4 2022 | $2.3B | 141 | 5 | 21 | 115 | 4 | 15.9% | 33 |
| Q3 2022 | $2.1B | 140 | 7 | 20 | 111 | 10 | 18.4% | 24 |
| Q2 2022 | $2.2B | 143 | 6 | 18 | 117 | 3 | 17.7% | 19 |
| Q1 2022 | $2.5B | 140 | 0 | 0 | 0 | 0 | 18.2% | 39 |
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.