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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
151 PERRY ELLIS INTL INC 51,254 988,000 0.24%
152 CORVEL CORP 25,373 974,000 0.23%
153 ECHOSTAR CORP CL A 22,174 972,000 0.23%
154 MARCUS CORP DEL COM 38,316 959,000 0.23%
155 SEACOAST BKG CORP FLA 59,483 957,000 0.23%
156 EXTREME NETWORKS INC 212,545 954,000 0.23%
157 BAZAARVOICE INC 160,483 948,000 0.23%
158 SKULLCANDY INC 149,030 945,000 0.23%
159 BEYOND INC 60,909 933,000 0.22%
160 VWR CORP 32,409 919,000 0.22%
161 FUTUREFUEL CORPORATION 77,473 874,000 0.21%
162 LUMOS NETWORKS CORP 62,084 869,000 0.21%
163 AMKOR TECHNOLOGY INC 88,298 858,000 0.21%
164 ENTEGRIS INC 48,580 846,000 0.20%
165 CORE MOLDING TECHNOLOGIES IN COM 49,773 841,000 0.20%
166 HESKA CORP 15,460 841,000 0.20%
167 STEPAN CO 11,488 835,000 0.20%
168 WSFS FINL CORPORATION 22,562 823,000 0.20%
169 VERITIV CORP 16,000 803,000 0.19%
170 MASIMO CORP 13,442 800,000 0.19%
171 SENECA FOODS CORP NEW CL A 28,101 794,000 0.19%
172 NEVSUN RES LTD 258,013 782,000 0.19%
173 CARDIOVASCULAR SYS INC DEL COM 32,914 781,000 0.19%
174 ARDELYX INC COM 59,997 776,000 0.19%
175 SUPERIOR ENERGY SVCS INC 42,888 768,000 0.18%
176 POWER INTEGRATIONS INC COM 12,088 762,000 0.18%
177 A10 NETWORKS INC 71,202 761,000 0.18%
178 PERFICIENT INC COM 37,246 751,000 0.18%
179 POWELL INDS INC COM 18,657 747,000 0.18%
180 QUAD/GRAPHICS INC 27,497 735,000 0.18%
181 TOPBUILD CORP 22,017 731,000 0.18%
182 HORACE MANN EDUCATORS CORP NEW COM 19,779 725,000 0.17%
183 TIMKENSTEEL CORPORATION COM 68,904 720,000 0.17%
184 TREVENA INC 103,874 701,000 0.17%
185 ESSENT GROUP LTD 25,868 688,000 0.16%
186 BARRACUDA NETWORKS INC 26,470 674,000 0.16%
187 Casella Waste SYS 64,669 666,000 0.16%
188 GLAUKOS CORP 17,622 665,000 0.16%
189 ULTRATECH INC COM 28,621 661,000 0.16%
190 BLACKROCK TAX MUNICPAL BD TR SHS 27,480 659,000 0.16%
191 INVESCO ADVANTAGE MUN INCOME 53,572 658,000 0.16%
192 NUVEEN QUALITY MUNCP INCOME 43,622 657,000 0.16%
193 CARDINAL FINL CORP COM 25,107 655,000 0.16%
194 COLLEGIUM PHARMACEUTICAL INC COM 33,911 653,000 0.16%
195 ALPINE GLOBAL PREMIER PPTYS FD COM SBI 117,052 650,000 0.16%
196 INVESCO VALUE MUN INCOME TR 39,517 647,000 0.15%
197 NUVEEN COM 43,563 646,000 0.15%
198 TOWER INTL INC 26,386 636,000 0.15%
199 NATIONAL GEN HLDGS CORP COM 28,272 629,000 0.15%
200 EMPLOYERS HOLDINGS INC 21,041 628,000 0.15%
Page 4 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.