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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
151 KEARNY FINL CORP MD COM 765,392 9,452,000 1.08%
152 CAMBREX CORP 216,430 9,522,000 1.09%
153 MERIT MED SYS INC COM 516,181 9,544,000 1.09%
154 RENEWABLE ENERGY GROUP INC 1,032,338 9,745,000 1.12%
155 BASSETT FURNITURE INDS INC COM 309,087 9,847,000 1.13%
156 Alliance Fiber Optic Products 672,317 9,943,000 1.14%
157 HEALTHSTREAM INC 454,878 10,048,000 1.15%
158 U S PHYSICAL THERAPY COM 212,070 10,546,000 1.21%
159 ATRION CORP 26,794 10,593,000 1.21%
160 CENTERSTATE BANKS COMMON STK USD0.01 717,080 10,677,000 1.22%
161 LSI INDS INC COM 913,780 10,736,000 1.23%
162 VASCULAR SOLUTIONS 335,612 10,917,000 1.25%
163 CALAMP CORP 609,550 10,929,000 1.25%
164 HERITAGE FINL CORP WASH COM 638,910 11,225,000 1.28%
165 MUTUALFIRST FINL INC 445,989 11,238,000 1.29%
166 PACIFIC ETHANOL INC 2,468,280 11,551,000 1.32%
167 LYDALL INC COM 360,672 11,729,000 1.34%
168 Bridge Bancorp Inc 399,710 12,179,000 1.39%
169 CALLAWAY GOLF CO 1,421,287 12,962,000 1.48%
170 Enterprise Finl Svcs Corp 501,527 13,561,000 1.55%
171 HERITAGE OAKS BANCORP COM 1,773,382 13,814,000 1.58%
172 UNIVERSAL ELECTRS INC 228,409 14,159,000 1.62%
173 EPLUS INC COM 182,136 14,663,000 1.68%
174 SI FINANCIAL GROUP INC 1,067,902 14,875,000 1.70%
175 INSTEEL INDUSTRIES 488,946 14,947,000 1.71%
176 ARGAN INC 434,456 15,275,000 1.75%
177 FABRINET SHS 473,672 15,323,000 1.75%
178 WCI COMMUNITIES ORD 836,753 15,546,000 1.78%
179 CYNOSURE CL A ORD 375,801 16,580,000 1.90%
Page 4 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.