§ 13F · FUND PROFILE
FULLER & THALER ASSET MANAGEMENT, INC..
Behavioral finance, small-cap value
AUM · $29423.0T (13F)Positions · 494Turnover · 83% · Q4Filed · Feb 18, 2026
CONCENTRATION
7%
Top 10 holdings
NEW BUYS
+106
+$4291.1T deployed
EXITS
0
No exits
SECTOR SHIFT
BANKING → OTHER
-2pp · +3pp
3YR HIT RATE
—
Top-5 overlap
§ 01 · TOP HOLDINGS
The book · Q4 2025
FILED FEB 18, 2026
| # | Ticker | Name | Shares | $ value | % port | Δ Q4 |
|---|---|---|---|---|---|---|
| 1 | AMCR | Amcor Plc | 59.87M | $499.3T | 0.9% | +7% |
| 2 | DOC | Healthpeak Properties Inc | 29.65M | $476.7T | 0.8% | +19% |
| 3 | DOC | Healthpeak Properties Inc | 29.65M | $476.7T | 0.8% | +19% |
| 4 | PRIM | Primoris Services Corp | 3.04M | $377.2T | 0.6% | −1% |
| 5 | PRIM | Primoris Services Corp | 3.04M | $377.2T | 0.6% | −1% |
| 6 | FNB | Fnb Corp | 21.01M | $359.3T | 0.6% | −10% |
| 7 | FNB | Fnb Corp | 21.01M | $359.3T | 0.6% | −10% |
| 8 | LITE | Lumentum Holdings Inc | 972K | $358.1T | 0.6% | −23% |
| 9 | LITE | Lumentum Holdings Inc | 972K | $358.1T | 0.6% | −23% |
| 10 | ONB | Old Natl Bancorp Ind | 15.90M | $354.8T | 0.6% | −8% |
§ 02 · SECTOR ALLOCATION
Where the money is
Other68.5% (+3pp)
Banking8.4% (−2pp)
Health Care7.3% (±0)
Electrical Equipment5.3% (±0)
Machinery5.1% (±0)
Technology4.7%
§ 03 · THE FULLER SIGNAL
AC read
FULLER & THALER ASSET MANAGEMENT, INC. is a Deep Value fund managing $29423000.5 trillion in assets. The fund runs a broad portfolio of 494 positions, broad diversification across holdings. Trading activity is aggressive at 83% quarterly turnover, with 106 new positions and 0 exits last quarter. Top sector allocations: Other (69%), Banking (8%), Health Care (7%).
Read the full dossier →§ 04 · FILING HISTORY
Q-by-Q deltas
1 FILINGS
Q4 2025
Busy quarter
+106 buys · −0 exits · 719 changed
Q4 2025
Busy quarter
+106 buys · −0 exits · 719 changed
Q3 2025
Steady book
+0 buys · −0 exits · 0 changed
Q1 2025
Steady book
+0 buys · −0 exits · 0 changed