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Institutional Investment Manager
THB ASSET MANAGEMENT
THB ASSET MANAGEMENT (CIK: 0001057439) incorporated in Delaware, located at 101 Merritt 7, Norwalk, CT. Institutional holdings reported to the SEC.

Institutional Holdings (2015Q4)
Portfolio Summary: 191 holdings with a total value of $931,223,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 WCI CMNTYS INC 871,721 19,421,000 2.09%
2 Cynosure Inc 394,998 17,644,000 1.89%
3 EPLUS INC COM 167,753 15,644,000 1.68%
4 FABRINET SHS 630,373 15,015,000 1.61%
5 Enterprise Finl Svcs Corp 519,605 14,730,000 1.58%
6 TOPGOLF CALLAWAY BRANDS CORP COM 1,465,597 13,805,000 1.48%
7 ARGAN INC 412,156 13,353,000 1.43%
8 CAMBREX CORP 279,564 13,164,000 1.41%
9 CALAMP CORP 639,908 12,753,000 1.37%
10 CASCADE MICROTECH INC 782,233 12,711,000 1.36%
11 UNIVERSAL ELECTRS INC COM 242,814 12,468,000 1.34%
12 HERITAGE FINL CORP WASH COM 650,410 12,253,000 1.32%
13 MUTUALFIRST FINL INC COM 460,639 11,423,000 1.23%
14 CENTERSTATE BANKS COMMON STK USD0.01 727,330 11,382,000 1.22%
15 AUTOBYTEL INC COM NEW 501,595 11,315,000 1.22%
16 VASCULAR SOLUTIONS INC COM 326,594 11,231,000 1.21%
17 U S PHYSICAL THERAPY COM 208,132 11,172,000 1.20%
18 SI FINANCIAL GROUP INC 818,152 11,167,000 1.20%
19 PREFERRED BK LOS ANGELES CA 335,185 11,067,000 1.19%
20 PACIFIC ETHANOL INC 2,311,880 11,050,000 1.19%
21 INSTEEL INDUSTRIES 523,646 10,954,000 1.18%
22 Park Sterling Corp 1,460,319 10,689,000 1.15%
23 ATRION CORP COM 27,380 10,437,000 1.12%
24 HEALTHSTREAM INC 473,602 10,419,000 1.12%
25 IMMERSION CORP 875,454 10,207,000 1.10%
26 Trico Bancshs Chico 369,313 10,133,000 1.09%
27 KEARNY FINL CORP MD COM 798,912 10,122,000 1.09%
28 STAMPS COM INC COM NEW 89,830 9,846,000 1.06%
29 Alliance Fiber Optic Products 647,246 9,812,000 1.05%
30 SAGENT PHARMACEUTICALS INC 615,546 9,793,000 1.05%
31 MERIT MED SYS INC COM 526,288 9,783,000 1.05%
32 LYDALL INC COM 274,392 9,735,000 1.05%
33 RENEWABLE ENERGY 1,042,395 9,683,000 1.04%
34 HERITAGE OAKS BANCORP COM 1,205,499 9,656,000 1.04%
35 MERIDIAN BANCORP INC MD COM 673,051 9,490,000 1.02%
36 NAUTILUS INC COM 566,385 9,469,000 1.02%
37 OLD SECOND BANCORP INC ILL 1,159,051 9,086,000 0.98%
38 ACETO CORP 334,162 9,015,000 0.97%
39 INDEPENDENT BK CORP MICH 583,660 8,889,000 0.95%
40 ERA GROUP INC COM 737,662 8,224,000 0.88%
41 INDEPENDENT BK GROUP INC 254,393 8,140,000 0.87%
42 Bridge Bancorp Inc 265,820 8,088,000 0.87%
43 MYR GROUP INC DEL COM 386,406 7,963,000 0.86%
44 SUPERIOR INDS INTL INC COM 427,261 7,870,000 0.85%
45 INFORMATION SERVICES GROUP I 2,101,567 7,607,000 0.82%
46 CLEARFIELD INC 554,007 7,429,000 0.80%
47 GP Strategies Corp 294,128 7,385,000 0.79%
48 PLANET PAYMENT INC 2,421,245 7,384,000 0.79%
49 OVERSTOCK COM INC DEL COM 593,797 7,291,000 0.78%
50 SOUTHERN NATL BANCORP OF VA COM 558,177 7,289,000 0.78%
Page 1 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001057439-16-000102, filed 2016.01.12).

From 2023-01-03 onward, the SEC requires values to be reported in nearest dollars. Earlier filings reported values in thousands; therefore, positions shown as $0 in older filings may represent actual values between $0–$999.