SEC 13F Intelligence

Managers / Q3 2022

Walthausen & Co., LLC

CIK 0001483339 · 2691 ROUTE 9, SUITE 102, MALTA, NY, 12020 · (518) 371-3450

Reported Value
$120M
Q3 2022
Positions
95
Filings on Record
18
2019–present window
Filed
Nov 14, 2022
amendment (RESTATEMENT)

Summary

Walthausen & Co., LLC reported $120M in U.S.-listed holdings across 95 positions for Q3 2022.

Its largest position, LUCK, represents 1.7% of the portfolio.

Compared with Q2 2022, the fund opened 2 new positions and exited 47.

Portfolio Metrics

Turnover
+3.0%
vs prior filed quarter
Top-10 Concentration
+15.4%
share of reported value
Largest Position
+1.7%
Bowlero
New / Exited
2 / 47
positions this quarter

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

13F Reported Value
Q4 ’18: $722MQ4 ’18Q1 ’19: $769MQ2 ’19: $757MQ2 ’19Q3 ’19: $722MQ4 ’19: $763MQ4 ’19Q1 ’20: $467MQ2 ’20: $493MQ2 ’20Q3 ’20: $482MQ4 ’20: $367MQ4 ’20Q1 ’21: $474MQ2 ’21: $927MQ2 ’21Q3 ’21: $395MQ4 ’21: $381MQ4 ’21Q1 ’22: $354MQ2 ’22: $223MQ2 ’22Q3 ’22: $120Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 95.0%Other: 2.6%REIT: 2.3%
  • Common Stock · 95.0% · $114M
  • Other · 2.6% · $3M
  • REIT · 2.3% · $3M

Quarter-over-Quarter Changes full breakdown →

vs Q2 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
Pinnacle Financial Partners InNEW+19.3K19.3K+$2M$2M
SPARUSDShyft Group IncNEW+45.9K45.9K+$937,000$937,000
HLLYHolley IncSOLD OUT−200.0K0−$2M$0
PLABPhotonics IncSOLD OUT−92.9K0−$2M$0
UTIUniversal Technical InstituteSOLD OUT−242.0K0−$2M$0
QCRHQCR Holdings IncSOLD OUT−31.5K0−$2M$0
RELLRichardson Electronics LtdSOLD OUT−115.1K0−$2M$0
SMBKSmartfinancial IncSOLD OUT−63.9K0−$2M$0

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q3 2022

49 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1INDBIndependent Bank CorpCom2.54%$3M44.8K
2LUCKBowlero Corphistory →Com1.74%$2M169.3K
3BECNUSDBeacon Roofing Supply Inchistory →Com1.60%$2M35.0K
4KEXKirby Corporationhistory →Com1.57%$2M31.0K
5CHCOCity Holding Companyhistory →Com1.53%$2M20.7K
6HCCIUSDHeritage Crystal Clean Inchistory →Com1.53%$2M62.2K
7EXEChesapeake Energy Corphistory →Com1.52%$2M19.4K
8RRyder System Inchistory →Com1.50%$2M23.8K
9CMCCommercial Metals Cohistory →Com1.49%$2M50.3K
10AJRDEURAerojet Rocketdyne Holdings Inhistory →Com1.47%$2M44.0K
11MGRCMcGrath Rentcorphistory →Com1.45%$2M20.7K
12WSBCWesbanco Inchistory →Com1.41%$2M50.8K
133TYTitan Machinery Inchistory →Com1.40%$2M59.4K
14GPORGulfport Energy Corphistory →Com1.39%$2M18.9K
15HUBGHub Group Inchistory →Com1.39%$2M24.1K
16NBTBNBT Bancorp Inchistory →Com1.37%$2M43.3K
17WSFSWSFS Financial Corphistory →Com1.35%$2M34.9K
18HWCHancock Whitney Corporationhistory →Com1.35%$2M35.3K
19FIXComfort Systems USA Inchistory →Com1.34%$2M16.5K
20AAONAAON Inchistory →Com1.33%$2M29.5K
21EMEEMCOR Group Inchistory →Com1.32%$2M13.7K
22EBCEastern Bankshares Inchistory →Com1.31%$2M80.1K
23Pinnacle Financial Partners InCom1.31%$2M19.3K
24SEBSeaboard Corphistory →Com1.30%$2M456
25TCBKTrico Bancshareshistory →Com1.28%$2M34.4K
26THFFFirst Financial Corphistory →Com1.27%$2M33.8K
27WBSWebster Financial Corphistory →Com1.26%$2M33.4K
28HPHelmerich & Payne Inchistory →Com1.25%$1M40.4K
29MTRNMaterion Corphistory →Com1.21%$1M18.1K
30MLIMueller Industries Inchistory →Com1.19%$1M24.0K
31HAEHaemonetics Corphistory →Com1.19%$1M19.2K
32CACCamden National Corphistory →Com1.19%$1M33.4K
33CVCOCavco Industries Inchistory →Com1.18%$1M6.9K
34ACLSAxcelis Technologies Inchistory →Com1.18%$1M23.3K
35SBG1Seacoast Bank Corp of Floridahistory →Com1.17%$1M46.4K
36FBNCFirst Bancorp N.C.history →Com1.17%$1M38.2K
37CPKChesapeake Utilities Corphistory →Com1.16%$1M12.1K
38MNROMonro Muffler Brake Inchistory →Com1.15%$1M31.7K
39WASHWashington Trust Bancorp Inchistory →Com1.14%$1M29.4K
40HBNCHorizon Bancorp Inchistory →Com1.14%$1M75.8K
41VPGVishay Precision Group Inchistory →Com1.13%$1M45.7K
42VVVValvoline Inchistory →Com1.12%$1M53.0K
438TGThermon Group Holdings Inchistory →Com1.11%$1M86.2K
44MMSIMerit Medical Systems Inchistory →Com1.10%$1M23.4K
45OCFCOceanfirst Financial Corphistory →Com1.09%$1M70.4K
46MEIMethode Electronics Inchistory →Com1.08%$1M35.0K
47SKYSkyline Champion Corphistory →Com1.08%$1M24.4K
48ALITEURAlight Inchistory →Com1.08%$1M175.9K
49CNXCConcentrix Corp.history →Com1.07%$1M11.5K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2022$120M95Nov 14, 2022RESTATEMENTchanges · EDGAR ↗
Q2 2022$223M140Aug 12, 202213F-HRchanges · EDGAR ↗
Q1 2022$354M140May 11, 202213F-HRchanges · EDGAR ↗
Q4 2021$381M141Feb 11, 202213F-HRchanges · EDGAR ↗
Q3 2021$395M141Nov 12, 202113F-HRchanges · EDGAR ↗
Q2 2021REVEALED$927M286Aug 13, 202113F-HRchanges · EDGAR ↗
Q1 2021$474M141May 13, 202113F-HRchanges · EDGAR ↗
Q4 2020$367M137Feb 12, 202113F-HRchanges · EDGAR ↗
Q3 2020$482M132Nov 12, 202013F-HRchanges · EDGAR ↗
Q2 2020$493M128Aug 13, 202013F-HRchanges · EDGAR ↗
Q1 2020$467M128May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$763M139Feb 18, 202013F-HRchanges · EDGAR ↗
Q3 2019$722M137Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$757M137Aug 13, 201913F-HRchanges · EDGAR ↗
Q1 2019$769M137May 10, 201913F-HRchanges · EDGAR ↗
Q4 2018$722M138Feb 22, 201913F-HRchanges · EDGAR ↗

Other Included Managers

This filing reports holdings on behalf of 1 additional manager.

  • The Bank of NY Mellon028-12592

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 ↗.