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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 (2016Q3)
Portfolio Summary: 725 holdings with a total value of $417,687,000.
#
Name
Shares
Value ($)
%
Options
Notes
51 BRINKS CO 46,399 1,720,000 0.41%
52 EMERGENT BIOSOLUTIONS INC 54,512 1,719,000 0.41%
53 COCA COLA CONS INC COM 11,585 1,716,000 0.41%
54 COMMERCIAL VEH GROUP INC 295,058 1,705,000 0.41%
55 PDC ENERGY INC 25,379 1,702,000 0.41%
56 COHU INC 144,910 1,701,000 0.41%
57 FCB Financial Holdings Inc 220,639 1,697,000 0.41%
58 DIPLOMAT PHARMACY INC COM 59,994 1,680,000 0.40%
59 HELEN OF TROY CORP LTD 19,493 1,680,000 0.40%
60 VITAE PHARMACEUTICALS INC 80,012 1,674,000 0.40%
61 FRESH DEL MONTE PRODUCE INC COM 27,853 1,668,000 0.40%
62 K12 INC 116,218 1,668,000 0.40%
63 DEPHEID 31,621 1,666,000 0.40%
64 BLACK BOX CORP 119,573 1,662,000 0.40%
65 IMPAX LABORATORIES INC 69,890 1,656,000 0.40%
66 CROCS INC 198,295 1,646,000 0.39%
67 HUNTSMAN CORP 100,818 1,640,000 0.39%
68 TELEPHONE DATA SYS INC 59,435 1,615,000 0.39%
69 NATUS MEDICAL INC. 40,829 1,604,000 0.38%
70 HILL ROM HLDGS INC 25,869 1,603,000 0.38%
71 BABCOCK & WILCOX ENTERPRIS INC COM 96,957 1,600,000 0.38%
72 TEEKAY CORPORATION 206,740 1,594,000 0.38%
73 TIER REIT INC 103,130 1,592,000 0.38%
74 CANTEL MEDICAL CORP 20,363 1,588,000 0.38%
75 TIME INC NEW 108,760 1,575,000 0.38%
76 YRC WORLDWIDE INC COM PAR .01 127,742 1,574,000 0.38%
77 ENPRO INDS INC COM 27,687 1,573,000 0.38%
78 INTERNATIONAL SPEEDWAY CORP 46,925 1,568,000 0.38%
79 KILROY RLTY CORP COM 22,600 1,567,000 0.38%
80 TITAN INTL INC ILL COM 153,362 1,552,000 0.37%
81 EASTMAN KODAK CO 103,328 1,550,000 0.37%
82 SPARTANNASH CO COM 53,474 1,546,000 0.37%
83 WASHINGTON PRIME GROUP NEW 124,861 1,546,000 0.37%
84 KELLY SVCS INC CL A 80,396 1,545,000 0.37%
85 WORLD FUEL SVCS CORP 33,309 1,541,000 0.37%
86 CORPORATE OFFICE 54,284 1,539,000 0.37%
87 XENCOR INC COM 62,808 1,538,000 0.37%
88 CATALENT INC 59,105 1,527,000 0.37%
89 MURPHY USA INC COM 21,343 1,523,000 0.36%
90 ACCELERON PHARMA INC 41,944 1,518,000 0.36%
91 BLOOMIN BRANDS INC 87,852 1,515,000 0.36%
92 ALEX REAL ESTATE EQ 13,918 1,514,000 0.36%
93 ROADRUNNER TRANSHOLDINGS INC 189,035 1,508,000 0.36%
94 WOLVERINE WORLD WIDE INC COM 65,486 1,508,000 0.36%
95 CORENERGY INFRASTRUCTURE TR 51,321 1,505,000 0.36%
96 CONTANGO OIL & GAS CO COM NEW 146,987 1,502,000 0.36%
97 COMMERCIAL METALS CO COM 92,652 1,500,000 0.36%
98 ZYNGA INC 515,163 1,499,000 0.36%
99 DST SYS INC DEL 12,568 1,482,000 0.35%
100 CARROLS RESTAURANT GROUP INC 110,331 1,457,000 0.35%
Page 2 of 15

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001111830-16-001769, filed 2016.11.10).

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.