Ranger Investment Management portfolio

What changed this quarter

87 positions with a change (10 new, 18 added to, 52 trimmed, 7 sold); also, 1 entered through an IPO. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).

• TopBuild−1.4 ppof portfolioSold out
  1.6% → —
• i3 Verticals−1.3 ppof portfolioSold out
  1.5% → —
• Aramark+1.2 ppof portfolioNew
  — → 1.2%
• Repligen−1.2 ppof portfolioSold out
  1.4% → —
• MACOM Technology Solutions Holdings−32%fewer sharesReduced
  2.4% → 2.4%
• Openlane+1.1 ppof portfolioNew
  — → 1.1%
• Willdan Group+493%more sharesIncreased
  0.3% → 1.4%
• Guidewire Software−1.1 ppof portfolioSold out
  1.2% → —
• American Superconductor+1.1 ppof portfolioNew
  — → 1.1%
• Generac Holdings+0.9 ppof portfolioNew
  — → 0.9%
• Lazard−53%fewer sharesReduced
  1.8% → 0.7%
• Wingstop−0.8 ppof portfolioSold out
  0.9% → —

The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight?: what it bought or sold, excluding price effects.

Top holdings

• Ligand PharmaceuticalsLGND5.2%
• PDF SolutionsPDFS5.1%
• Solaris Energy InfrastructureSEI3.0%
• UL SolutionsULS2.7%
• Sterling InfrastructureSTRL2.5%
• ArganAGX2.4%
• MACOM Technology Solutions HoldingsMTSI2.4%
• Triumph FinancialTFIN2.3%
• SharkninjaSN2.3%
• Excelerate EnergyEE2.2%
• Casella Waste SystemsCWST2.0%
• Simpson ManufacturingSSD2.0%
• Oceaneering InternationalOII2.0%
• Warby ParkerWRBY2.0%
• AAONAAON1.9%
• HealthequityHQY1.8%
• ANI PharmaceuticalsANIP1.8%
• SaiaSAIA1.7%
• PegasystemsPEGA1.7%
• Ormat TechnologiesORA1.5%
• Chime FinancialCHYM1.5%
• Willscot HoldingsWSC1.5%
• RambusRMBS1.5%
• WaterBridge InfrastructureWBI1.5%
• Federal SignalFSS1.5%
• Jones Lang LaSalleJLL1.4%
• Willdan GroupWLDN1.4%
• Texas RoadhouseTXRH1.4%
• Stevanato Group S.p.A.STVN1.4%
• Lemaitre VascularLMAT1.3%
• TerawulfWULF1.3%
• AramarkARMK1.2%
• BWX TechnologiesBWXT1.2%
• OpenlaneOPLN1.1%
• Modine ManufacturingMOD1.1%
• Paylocity HoldingPCTY1.1%
• ADMA BiologicsADMA1.1%
• Planet Labs PBCPL1.1%
• Mesa LaboratoriesMLAB1.1%
• American SuperconductorAMSC1.1%
• Champion HomesSKY1.0%
• Life Time Group HoldingsLTH1.0%
• nCinoNCNO1.0%
• Permian ResourcesPR1.0%
• Charles River Laboratories InternationalCRL0.9%
• Boot Barn HoldingsBOOT0.9%
• Generac HoldingsGNRC0.9%
• Medpace HoldingsMEDP0.9%
• Karman HoldingsKRMN0.9%
• Celsius HoldingsCELH0.9%
• Bank OZK Little Rock ARKOZK0.8%
• WorkivaWK0.8%
• NVENVEC0.8%
• Cardinal Infrastructure GroupCDNL0.7%
• LazardLAZ0.7%
• Karat PackagingKRT0.7%
• Metropolitan Bank HoldingMCB0.7%
• Coastal FinancialCCB0.7%
• Covenant Logistics GroupCVLG0.7%
• UFP TechnologiesUFPT0.6%
• IradimedIRMD0.6%
• Pennant GroupPNTG0.6%
• Phibro Animal HealthPAHC0.6%
• AppFolioAPPF0.6%
• Merit Medical SystemsMMSI0.6%
• Business First BancsharesBFST0.6%
• Preformed Line ProductsPLPC0.5%
• Green Brick PartnersGRBK0.5%
• Guardian Pharmacy ServicesGRDN0.5%
• BioLife SolutionsBLFS0.4%
• Douglas DynamicsPLOW0.4%
• Vita CocoCOCO0.4%
• Viavi SolutionsVIAV0.3%
• TETRA TechnologiesTTI0.3%
• Perella Weinberg PartnersPWP0.3%
• OusterOUST0.3%
• Select Water SolutionsWTTR0.3%
• McGRATH RENTCORPMGRC0.3%
• Kura Sushi USAKRUS0.3%
• Liquidity ServicesLQDT0.2%
• Tamboran ResourcesTBN0.2%
• NNNNBR0.1%
• Fervo EnergyFRVO0.1%