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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 (2015Q4)
Portfolio Summary: 731 holdings with a total value of $928,626,000.
#
Name
Shares
Value ($)
%
Options
Notes
701 PHIBRO ANIMAL HEALTH CORP CL A COM 170,283 5,131,000 0.55%
702 SPX CORP 550,048 5,132,000 0.55%
703 NORTHSTAR ASSET 423,354 5,140,000 0.55%
704 DANA INCORPORATED 383,059 5,286,000 0.57%
705 DELEK US HLDGS INC COM 215,000 5,289,000 0.57%
706 DEPOMED INC 296,951 5,384,000 0.58%
707 MAGELLAN HEALTH INC COM NEW 87,336 5,385,000 0.58%
708 ACCELERON PHARMA INC 110,801 5,403,000 0.58%
709 EARTHLINK HOLDINGS ORD 734,900 5,460,000 0.59%
710 PERRY ELLIS INTL INC 296,765 5,466,000 0.59%
711 FREIGHTCAR AMERICA INC 283,709 5,512,000 0.59%
712 PRESTIGE BRANDS HLDGS INC 107,822 5,551,000 0.60%
713 OXFORD INDS INC COM 87,094 5,558,000 0.60%
714 RENT A CENTER INC-NEW 381,410 5,710,000 0.61%
715 SUPERVALU INC 847,129 5,744,000 0.62%
716 PDL BIOPHARMA INC 1,649,083 5,838,000 0.63%
717 DIME CMNTY BANCSHARES 333,914 5,840,000 0.63%
718 BENCHMARK ELECTRS INC 282,767 5,845,000 0.63%
719 DEPHEID 162,409 5,933,000 0.64%
720 ATRION CORP 15,594 5,944,000 0.64%
721 ALLIED MOTION TECHNOLOGIES 227,306 5,951,000 0.64%
722 APPLIED GENETIC TECHNOL CORP 292,636 5,970,000 0.64%
723 INTRALINKS HLDGS INC 670,299 6,080,000 0.65%
724 COMMERCIAL METALS CO COM 447,869 6,131,000 0.66%
725 XENCOR INC COM 420,977 6,155,000 0.66%
726 SCORPIO TANKERS INC 771,449 6,187,000 0.67%
727 REGAL BELOIT CORP 106,585 6,237,000 0.67%
728 YRC WORLDWIDE INC COM PAR .01 452,188 6,412,000 0.69%
729 ORTHOFIX INTL N V 178,252 6,989,000 0.75%
730 TOWER INTL INC 248,557 7,101,000 0.76%
731 EMERGENT BIOSOLUTIONS INC 196,322 7,855,000 0.85%
Page 15 of 15

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001111830-16-001094, filed 2016.01.29).

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.