Towle & Co 13F annual report
Towle & Co is an investment fund managing more than $864 billion ran by Jessica Kardos. There are currently 61 companies in Mrs. Kardos’s portfolio. The largest investments include PVH Corp and Alpha Metallurgical Resour I, together worth $77.2 billion.
$864 billion Assets Under Management (AUM)
As of 7th February 2024, Towle & Co’s top holding is 317,055 shares of PVH Corp currently worth over $38.7 billion and making up 4.5% of the portfolio value.
Relative to the number of outstanding shares of PVH Corp, Towle & Co owns more than approximately 0.1% of the company.
In addition, the fund holds 113,394 shares of Alpha Metallurgical Resour I worth $38.4 billion.
The third-largest holding is M/i Homes Inc worth $38.3 billion and the next is United States Stl Corp New worth $35 billion, with 720,028 shares owned.
Currently, Towle & Co's portfolio is worth at least $864 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Towle & Co
The Towle & Co office and employees reside in Denver, Colorado. According to the last 13-F report filed with the SEC, Jessica Kardos serves as the Head of Investment Operations at Towle & Co.
Recent trades
In the most recent 13F filing, Towle & Co revealed that it had opened a new position in
Par Pac Holdings Inc and bought 881,193 shares worth $32 billion.
The investment fund also strengthened its position in G-III Apparel by buying
979,693 additional shares.
This makes their stake in G-III Apparel total 1,012,033 shares worth $34.4 billion.
G-III Apparel soared 95.7% in the past year.
On the other hand, there are companies that Towle & Co is getting rid of from its portfolio.
Towle & Co closed its position in Gap on 14th February 2024.
It sold the previously owned 2,633,850 shares for $26.4 billion.
Jessica Kardos also disclosed a decreased stake in PVH Corp by 0.2%.
This leaves the value of the investment at $38.7 billion and 317,055 shares.
One of the average hedge funds
The two most similar investment funds to Towle & Co are Essex Services and Woodstock Corp. They manage $864 billion and $864 billion respectively.
Jessica Kardos investment strategy
Towle & Co’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Consumer Discretionary — making up 23.5% of
the total portfolio value.
The fund focuses on investments in the United States as
42.6% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
8% of the total holdings value.
On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $8.22 billion.
The complete list of Towle & Co trades based on 13F SEC filings
These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| PVH Corp |
22.66%
317,055
|
$38,718,757,000 | 4.48% |
| Alpha Metallurgical Resour I |
18.34%
113,394
|
$38,431,494,000 | 4.45% |
| M/i Homes Inc |
50.39%
277,847
|
$38,270,646,000 | 4.43% |
| United States Stl Corp New |
18.22%
720,028
|
$35,029,362,000 | 4.05% |
| G-III Apparel Group Ltd. |
3,029.35%
1,012,033
|
$34,388,881,000 | 3.98% |
| Par Pac Holdings Inc |
Opened
881,193
|
$32,048,989,000 | 3.71% |
| Jeld-wen Hldg Inc |
20.31%
1,675,642
|
$31,636,121,000 | 3.66% |
| Stellantis N.V |
22.47%
1,303,034
|
$30,386,753,000 | 3.52% |
| Cleveland-Cliffs Inc |
18.36%
1,435,465
|
$29,312,195,000 | 3.39% |
| Foot Locker Inc |
48.85%
913,805
|
$28,465,026,000 | 3.29% |
| PBF Energy Inc |
19.00%
638,885
|
$28,085,385,000 | 3.25% |
| Gap, Inc. |
Closed
2,633,850
|
$26,443,854,000 | |
| HF Sinclair Corporation |
20.45%
447,553
|
$24,870,520,000 | 2.88% |
| American Axle & Mfg Hldgs In |
Opened
2,752,840
|
$24,252,520,000 | 2.81% |
| Trinseo PLC |
Closed
1,140,634
|
$23,782,219,000 | |
| Liberty Energy Inc |
16.16%
1,308,471
|
$23,735,664,000 | 2.75% |
| Goodyear Tire & Rubr Co |
22.16%
1,624,177
|
$23,258,215,000 | 2.69% |
| Taylor Morrison Home Corp. |
Closed
598,650
|
$22,904,349,000 | |
| Avnet, Inc. |
19.52%
449,817
|
$22,670,777,000 | 2.62% |
| Southwest Airls Co |
Opened
772,403
|
$22,306,999,000 | 2.58% |
| Victorias Secret And Co |
Closed
647,590
|
$22,115,199,000 | |
| Advance Auto Parts Inc |
Opened
361,160
|
$22,041,595,000 | 2.55% |
| Ally Finl Inc |
24.31%
620,206
|
$21,657,594,000 | 2.51% |
| Algoma Stl Group Inc |
20.91%
2,077,597
|
$20,838,298,000 | 2.41% |
| Tyson Foods, Inc. |
Opened
385,390
|
$20,714,713,000 | 2.40% |
| United Airls Hldgs Inc |
Opened
497,450
|
$20,524,787,000 | 2.38% |
| Arrow Electrs Inc |
20.39%
160,599
|
$19,633,228,000 | 2.27% |
| Ryerson Hldg Corp |
2,265.33%
565,550
|
$19,613,274,000 | 2.27% |
| Delek Us Hldgs Inc New |
Closed
854,030
|
$19,599,989,000 | |
| Ternium Sa |
17.61%
461,236
|
$19,588,693,000 | 2.27% |
| Dana Inc |
22.22%
1,283,650
|
$18,754,127,000 | 2.17% |
| General Mtrs Co |
2,274.61%
498,430
|
$17,903,606,000 | 2.07% |
| Eni S P A |
1,388.92%
502,660
|
$17,095,467,000 | 1.98% |
| Macys Inc |
34.24%
775,979
|
$15,612,697,000 | 1.81% |
| Arcelormittal Sa Luxembourg |
2,194.21%
544,874
|
$15,468,973,000 | 1.79% |
| Propetro Hldg Corp |
22.17%
1,844,135
|
$15,453,851,000 | 1.79% |
| Designer Brands Inc |
24.21%
1,652,505
|
$14,624,669,000 | 1.69% |
| Bluelinx Hldgs Inc |
1,048.00%
117,670
|
$13,333,188,000 | 1.54% |
| Zumiez Inc |
Opened
577,990
|
$11,756,317,000 | 1.36% |
| Frontier Group Hldgs Inc |
Opened
1,419,958
|
$7,752,971,000 | 0.90% |
| United Nat Foods Inc |
28.46%
467,562
|
$7,588,531,000 | 0.88% |
| Sportsmans Whse Hldgs Inc |
20.34%
1,644,310
|
$7,004,761,000 | 0.81% |
| Ishares Tr |
Opened
42,190
|
$6,553,373,000 | 0.76% |
| Patrick Inds Inc |
7.20%
17,150
|
$1,721,003,000 | 0.20% |
| American Eagle Outfitters In |
Opened
76,720
|
$1,623,395,000 | 0.19% |
| 1-800 Flowers.com Inc. |
Closed
136,820
|
$1,573,430,000 | |
| Constellium SE |
7.05%
74,710
|
$1,491,212,000 | 0.17% |
| TimkenSteel Corp |
7.67%
51,390
|
$1,205,096,000 | 0.14% |
| Sonic Automotive, Inc. |
Opened
21,430
|
$1,204,580,000 | 0.14% |
| Lithia Mtrs Inc |
4.18%
3,440
|
$1,132,723,000 | 0.13% |
| Jones Lang Lasalle Inc. |
Opened
5,890
|
$1,112,444,000 | 0.13% |
| Walgreens Boots Alliance Inc |
122.33%
41,710
|
$1,089,048,000 | 0.13% |
| POSCO Holdings Inc |
17.82%
11,250
|
$1,069,988,000 | 0.12% |
| SMART Global Holdings Inc |
7.97%
56,020
|
$1,060,459,000 | 0.12% |
| Pilgrims Pride Corp |
7.20%
38,150
|
$1,055,229,000 | 0.12% |
| Marathon Pete Corp |
3.69%
7,040
|
$1,044,454,000 | 0.12% |
| Phillips 66 |
Closed
10,210
|
$1,035,090,000 | |
| Hovnanian Enterprises, Inc. |
Closed
15,150
|
$1,027,776,000 | |
| Ferroglobe Plc |
Closed
206,290
|
$1,019,073,000 | |
| Valero Energy Corp. |
20.39%
7,810
|
$1,015,300,000 | 0.12% |
| Alaska Air Group Inc. |
Opened
25,890
|
$1,011,522,000 | 0.12% |
| CVR Energy Inc |
Opened
33,120
|
$1,003,536,000 | 0.12% |
| La-Z-Boy Inc. |
Closed
34,410
|
$1,000,643,000 | |
| Chicos Fas Inc |
Closed
178,680
|
$982,740,000 | |
| Ford Mtr Co Del |
66.02%
79,870
|
$973,615,000 | 0.11% |
| Veritiv Corp |
Closed
7,140
|
$964,900,000 | |
| Ingles Mkts Inc |
Opened
11,130
|
$961,298,000 | 0.11% |
| Autonation Inc. |
Opened
6,360
|
$955,145,000 | 0.11% |
| Lear Corp. |
Opened
6,400
|
$903,744,000 | 0.10% |
| LL Flooring Holdings Inc |
Closed
229,300
|
$871,340,000 | |
| World Kinect Corporation |
Opened
35,980
|
$819,624,000 | 0.09% |
| Cross Ctry Healthcare Inc |
Closed
36,100
|
$805,752,000 | |
| Genesco Inc. |
Opened
22,580
|
$795,042,000 | 0.09% |
| Boise Cascade Co |
Closed
11,870
|
$750,778,000 | |
| Caleres Inc |
Closed
34,350
|
$742,991,000 | |
| Manpowergroup Inc Wis |
Opened
9,330
|
$741,455,000 | 0.09% |
| Hawaiian Holdings, Inc. |
6.23%
48,460
|
$688,132,000 | 0.08% |
| Schnitzer Steel Inds Inc |
Closed
21,880
|
$680,468,000 | |
| Container Store Group Inc |
Closed
190,750
|
$654,273,000 | |
| Eastman Kodak Co. |
Closed
135,000
|
$553,500,000 | |
| Owens & Minor, Inc. |
Closed
23,060
|
$335,523,000 | |
| No transactions found | |||
| Showing first 500 out of 81 holdings | |||
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