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Institutional Investment Manager
TFS CAPITAL LLC
TFS CAPITAL LLC (CIK: 0001427379) incorporated in Virginia, located at 10 N. High Street, West Chester, PA. Institutional holdings reported to the SEC.

Institutional Holdings (2014Q2)
Portfolio Summary: 1,093 holdings with a total value of $1,270,755,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 COMPASS MINERALS INTL INC 43,350 4,150,000 0.33%
52 COMPUTER PROGRAMS & SYSTEMS INC 64,734 4,117,000 0.32%
53 EVERBANK FINL CORP COM 202,917 4,091,000 0.32%
54 LATTICE SEMICONDUCTOR CORP 490,958 4,050,000 0.32%
55 VONAGE HLDGS CORP COM 1,078,614 4,045,000 0.32%
56 EARTHLINK HOLDINGS 1,078,763 4,013,000 0.32%
57 AMKOR TECHNOLOGY INC 358,501 4,008,000 0.32%
58 DOLBY LABORATORIES INC 92,416 3,992,000 0.31%
59 ECHOSTAR CORP CL A 75,138 3,978,000 0.31%
60 DEVRY EDUCATION 93,557 3,961,000 0.31%
61 HARMONIC INC 523,421 3,905,000 0.31%
62 ZUMIEZ INC 141,369 3,900,000 0.31%
63 Aspen Insurance Holdingf 85,308 3,875,000 0.30%
64 EXCO RESOURCES INC 653,356 3,848,000 0.30%
65 PDL BIOPHARMA INCORPORATED 397,392 3,847,000 0.30%
66 DELUXE CORP COM 65,398 3,831,000 0.30%
67 CHEESECAKE FACTORY INC 82,295 3,820,000 0.30%
68 BRINKER INTL INC 77,810 3,785,000 0.30%
69 STANDEX INTL CORP 50,495 3,761,000 0.30%
70 DEL FRISCOS RESTAURANT GROUP COM 134,609 3,710,000 0.29%
71 Drew Inds Inc 74,174 3,709,000 0.29%
72 NELNET INC 89,487 3,707,000 0.29%
73 ORITANI FINANCIAL CORP COM 235,862 3,630,000 0.29%
74 PERNIX THERAPEUTICS HLDGS IN 398,665 3,580,000 0.28%
75 STERIS PLC 66,883 3,577,000 0.28%
76 SOLARWINDS INC 92,317 3,569,000 0.28%
77 IGATE CORP 96,131 3,498,000 0.28%
78 DOMTAR CORP 80,972 3,470,000 0.27%
79 COMSTOCK RES INC COM NEW 118,733 3,424,000 0.27%
80 GLOBAL CASH ACCESS HLDGS INC 380,902 3,390,000 0.27%
81 MERIT MED SYS INC COM 222,490 3,360,000 0.26%
82 PATRICK INDS INC COM 72,078 3,358,000 0.26%
83 KNOLL INC 193,524 3,354,000 0.26%
84 TARGACEPT INC 740,745 3,341,000 0.26%
85 PROTO LABS INC 40,405 3,310,000 0.26%
86 AEGERION PHARMACEUTICALS INC 102,410 3,286,000 0.26%
87 Popeyes Louisiana Kitchen Inc 75,074 3,281,000 0.26%
88 GASLOG LTD 102,629 3,273,000 0.26%
89 OMNICELL COM COM 114,002 3,273,000 0.26%
90 TG THERAPEUTICS INC COM 347,042 3,259,000 0.26%
91 EINSTEIN NOAH REST GROUP INC 202,368 3,250,000 0.26%
92 BLACKROCK CAP INVT CORP 353,708 3,222,000 0.25%
93 CALGON CARBON CORP 143,886 3,213,000 0.25%
94 HAEMONETICS CORP MASS COM 90,988 3,210,000 0.25%
95 AXIALL CORPORATION 67,503 3,191,000 0.25%
96 ITRON INC 78,517 3,184,000 0.25%
97 BIG LOTS INC COM 69,341 3,169,000 0.25%
98 New York Times Co/The 207,249 3,152,000 0.25%
99 CORVEL CORP 69,397 3,135,000 0.25%
100 MODINE MFG CO COM 199,028 3,133,000 0.25%
Page 2 of 22

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001398344-14-003670, filed 2014.07.21).

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.