Managers / Q1 2026
IES Holdings, Inc.
CIK 0001048268 · 13131 DAIRY ASHFORD ROAD, SUITE 500, HOUSTON, TX, 77478 · 7138601500
Summary
Ies Holdings, Inc. reported $214M in U.S.-listed holdings across 13 positions for Q1 2026.
Its largest position, CECO, represents 15.8% of the portfolio.
Compared with Q4 2025, the fund opened 1 new position and exited 1.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 92.1% · $197M
- REIT · 7.9% · $17M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2025 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| AMTAmerican Tower Corp | NEW | +97.5K | 97.5K | +$17M | $17M |
| NXQuanex Building Products Corp | ADDED | +611.1K | 861.2K | +$12M | $15M |
| UISUnisys Corp | ADDED | +2.07M | 3.24M | +$3M | $7M |
| CECOCECO Environmental Corp | ADDED | +285.1K | 568.5K | +$17M | $34M |
| GIFIGULF ISLAND FABRICATION INC | SOLD OUT | −565.9K | 0 | −$7M | $0 |
| FETForum Energy Technologies Inc | TRIMMED | −319.2K | 225.0K | −$7M | $13M |
| RNGRGBPRanger Energy Services Inc | ADDED | +609.1K | 1.70M | +$14M | $29M |
| ARAntero Resources Corp | TRIMMED | −380.8K | 325.0K | −$11M | $14M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2026
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | CECOCECO Environmental Corphistory → | COM | 15.83% | $34M | 568.5K |
| 2 | RNGRGBPRanger Energy Services Inchistory → | COM | 13.59% | $29M | 1.70M |
| 3 | CTRACoterra Energy Inchistory → | COM | 9.44% | $20M | 575.0K |
| 4 | RESRPC Inchistory → | COM | 8.31% | $18M | 2.51M |
| 5 | AMTAmerican Tower Corphistory → | CL A | 7.86% | $17M | 97.5K |
| 6 | MGMistras Group Inchistory → | COM | 7.74% | $17M | 1.12M |
| 7 | MTWManitowoc Co Inc/Thehistory → | COM | 7.42% | $16M | 1.36M |
| 8 | NXQuanex Building Products Corphistory → | COM | 7.23% | $15M | 861.2K |
| 9 | ARAntero Resources Corphistory → | COM | 6.45% | $14M | 325.0K |
| 10 | RRCRange Resources Corphistory → | COM | 6.27% | $13M | 296.9K |
| 11 | FETForum Energy Technologies Inchistory → | COM | 6.17% | $13M | 225.0K |
| 12 | UISUnisys Corphistory → | COM | 3.13% | $7M | 3.24M |
| 13 | TISITeam Inc | COM | 0.56% | $1M | 75.0K |
Filing History
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.