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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 (2016Q1)
Portfolio Summary: 179 holdings with a total value of $873,705,000.
#
Name
Shares
Value ($)
%
Options
Notes
1 Cynosure Inc 375,801 16,580,000 1.90%
2 WCI CMNTYS INC 836,753 15,546,000 1.78%
3 FABRINET SHS 473,672 15,323,000 1.75%
4 ARGAN INC 434,456 15,275,000 1.75%
5 INSTEEL INDUSTRIES 488,946 14,947,000 1.71%
6 SI FINANCIAL GROUP INC 1,067,902 14,875,000 1.70%
7 EPLUS INC COM 182,136 14,663,000 1.68%
8 UNIVERSAL ELECTRS INC COM 228,409 14,159,000 1.62%
9 HERITAGE OAKS BANCORP COM 1,773,382 13,814,000 1.58%
10 Enterprise Finl Svcs Corp 501,527 13,561,000 1.55%
11 TOPGOLF CALLAWAY BRANDS CORP COM 1,421,287 12,962,000 1.48%
12 Bridge Bancorp Inc 399,710 12,179,000 1.39%
13 LYDALL INC COM 360,672 11,729,000 1.34%
14 PACIFIC ETHANOL INC 2,468,280 11,551,000 1.32%
15 MUTUALFIRST FINL INC COM 445,989 11,238,000 1.29%
16 HERITAGE FINL CORP WASH COM 638,910 11,225,000 1.28%
17 CALAMP CORP 609,550 10,929,000 1.25%
18 VASCULAR SOLUTIONS INC COM 335,612 10,917,000 1.25%
19 LSI INDS INC COM 913,780 10,736,000 1.23%
20 CENTERSTATE BANKS COMMON STK USD0.01 717,080 10,677,000 1.22%
21 ATRION CORP COM 26,794 10,593,000 1.21%
22 U S PHYSICAL THERAPY COM 212,070 10,546,000 1.21%
23 HEALTHSTREAM INC 454,878 10,048,000 1.15%
24 Alliance Fiber Optic Products 672,317 9,943,000 1.14%
25 BASSETT FURNITURE INDS INC COM 309,087 9,847,000 1.13%
26 RENEWABLE ENERGY 1,032,338 9,745,000 1.12%
27 MERIT MED SYS INC COM 516,181 9,544,000 1.09%
28 CAMBREX CORP 216,430 9,522,000 1.09%
29 KEARNY FINL CORP MD COM 765,392 9,452,000 1.08%
30 MYR GROUP INC DEL COM 376,146 9,445,000 1.08%
31 CLEARFIELD INC 575,859 9,254,000 1.06%
32 OVERSTOCK COM INC DEL COM 643,134 9,248,000 1.06%
33 MARINEMAX INC COM 472,980 9,208,000 1.05%
34 Trico Bancshs Chico 362,613 9,181,000 1.05%
35 MERIDIAN BANCORP INC MD COM 658,841 9,171,000 1.05%
36 OLD SECOND BANCORP INC ILL 1,276,186 9,150,000 1.05%
37 ERA GROUP INC COM 964,722 9,049,000 1.04%
38 HACKETT GROUP INC COM 584,152 8,832,000 1.01%
39 AUTOBYTEL INC COM NEW 491,994 8,541,000 0.98%
40 PLANET PAYMENT INC 2,372,270 8,374,000 0.96%
41 INDEPENDENT BK CORP MICH 573,380 8,342,000 0.95%
42 INFORMATION SERVICES GROUP I 2,077,052 8,162,000 0.93%
43 PDF SOLUTIONS INC COM 610,032 8,162,000 0.93%
44 WINNEBAGO INDS INC COM 361,750 8,121,000 0.93%
45 GP Strategies Corp 288,072 7,893,000 0.90%
46 SAGENT PHARMACEUTICALS INC 641,990 7,813,000 0.89%
47 OMEGA PROTEIN CORP COM 455,500 7,716,000 0.88%
48 DEL TACO RESTAURANTS INC 726,850 7,508,000 0.86%
49 KADANT INC 164,700 7,437,000 0.85%
50 GRAHAM CORP 368,088 7,328,000 0.84%
Page 1 of 4

Portfolio data is normalized using SEC Form 13F filings, including the Restatement filing (0001057439-16-000143, filed 2016.04.27).

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.