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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 (2016Q4)
Portfolio Summary: 711 holdings with a total value of $374,068,000.
#
Name
Shares
Value ($)
%
Options
Notes
151 HUDBAY MINERALS INC 157,427 897,000 0.24%
152 SYNERON MEDICAL LTD 106,536 895,000 0.24%
153 NRG ENERGY INC 72,960 894,000 0.24%
154 CHINA BIOLOGIC PRODS INC 8,267 889,000 0.24%
155 INTEGRA LIFESCIENCES HLDGS CP COM NEW 10,316 885,000 0.24%
156 SOHU COM INC 25,535 865,000 0.23%
157 PACIFIC ETHANOL INC 89,806 853,000 0.23%
158 GREEN DOT CORP CL A 35,494 836,000 0.22%
159 CORVEL CORP 22,778 834,000 0.22%
160 FRESH DEL MONTE PRODUCE INC COM 13,674 829,000 0.22%
161 SPARTON CORP 34,089 813,000 0.22%
162 LHC GROUP INC 17,636 806,000 0.22%
163 MARINEMAX INC COM 41,310 799,000 0.21%
164 CLEAN ENERGY FUELS CORPORATION COM 274,412 785,000 0.21%
165 WILEY JOHN SONS INC 14,316 780,000 0.21%
166 OPPENHEIMER HLDGS INC CL A NON VTG 41,219 767,000 0.21%
167 CORE MOLDING TECHNOLOGIES IN COM 44,370 759,000 0.20%
168 ARCOS DORADOS HOLDINGS INC SHS CLASS -A - 138,558 748,000 0.20%
169 HAVERTY FURNITURE COS INC COM 31,126 738,000 0.20%
170 PENNSYLVANIA REAL ESTATE INV 37,861 718,000 0.19%
171 Infrareit Inc Com 40,088 718,000 0.19%
172 AEP INDUSTRIES ORD 6,160 715,000 0.19%
173 LUMOS NETWORKS CORP 44,261 691,000 0.18%
174 IRONWOOD PHARMACEUTICALS INC 45,032 689,000 0.18%
175 BOISE CASCADE CO DEL COM 30,244 680,000 0.18%
176 CUTERA INC COM 38,555 669,000 0.18%
177 TRIPLE-S MGMT CORP 32,132 665,000 0.18%
178 CIVEO CORP CDA 299,255 658,000 0.18%
179 FERROGLOBE PLC SHS 58,786 637,000 0.17%
180 ESTERLINE TECHNOLOGIES CORP 7,108 634,000 0.17%
181 YRC WORLDWIDE INC COM PAR .01 47,039 625,000 0.17%
182 ATLANTIC PWR CORP 246,594 616,000 0.16%
183 CARROLS RESTAURANT GROUP INC 40,162 612,000 0.16%
184 NATIONAL INFO CONSORTIUM INC 25,543 610,000 0.16%
185 HEARTLAND FINL USA INC 12,612 605,000 0.16%
186 DONNELLEY R R & SONS CO 36,434 595,000 0.16%
187 PLANTRONICS INCORPORATED NEW 10,740 588,000 0.16%
188 NEUBERGER BERMAN MLP INCOME FD 62,550 587,000 0.16%
189 ANWORTH MTG ASSET CORP 113,307 586,000 0.16%
190 GRAHAM HLDGS CO 1,140 584,000 0.16%
191 TEEKAY CORPORATION 71,717 576,000 0.15%
192 NATIONAL GEN HLDGS CORP COM 23,039 576,000 0.15%
193 ALPHA AND OMEGA SEMICONDUCTOR SHS 26,712 568,000 0.15%
194 ULTRATECH INC COM 23,690 568,000 0.15%
195 TRAVELCENTERS AMER LLC 79,246 563,000 0.15%
196 Libbey Inc Com 28,073 546,000 0.15%
197 NANOMETRICS INC 21,682 543,000 0.15%
198 GAMCO GLOBAL GOLD NAT RES & 101,305 537,000 0.14%
199 WATTS WATER TECHNOLOGIES INC 8,227 536,000 0.14%
200 STONERIDGE INC COM 30,035 531,000 0.14%
Page 4 of 15

Portfolio data is normalized using SEC Form 13F filings, including the Original 13F-HR (0001111830-17-000033, filed 2017.01.20).

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.