Ancora Advisors LLC's Q2 2025 13F: 311 new positions, 133 exits
Form 13F-HR for the quarter ended Jun 30, 2025 · filed Aug 14, 2025 · 1942 reported positions · accession 0001446114-25-000037
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Exited | UNITED STATES STL CORP NEW (X) | 2.5% | — | −2.5 pts | −2.64M sh | −100% |
| Increased | CSX CORP (CSX) | 0.0% | 1.4% | +1.3 pts | +1.98M sh | +4746% |
| Exited | BERRY PLASTICS GROUP (BERY) | 1.3% | — | −1.3 pts | −835K sh | −100% |
| New | SEALED AIR CORP NEW COM (SEE) | — | 1.2% | +1.2 pts | +1.9M sh | new |
| Increased | NORFOLK SOUTHN CORP (NSC) | 5.1% | 6.1% | +1.0 pts | +181K sh | +19% |
| Increased | AMCOR PLC (AMCR) | 0.0% | 0.8% | +0.8 pts | +4.41M sh | +441064% |
| Increased | META PLATFORMS INC CLASS A COM (META) | 0.2% | 1.0% | +0.7 pts | +43,152 sh | +232% |
| Increased | AMAZON COM INC (AMZN) | 0.7% | 1.4% | +0.7 pts | +131K sh | +78% |
| Reduced | UNITEDHEALTH GROUP INC (UNH) | 1.3% | 0.2% | −1.1 pts | −84,062 sh | −73% |
| Reduced | RB GLOBAL INC (RBA) | 2.3% | 1.9% | −0.4 pts | −190K sh | −18% |
| Exited | ARCBEST CORP COM (ARCB) | 0.3% | — | −0.3 pts | −205K sh | −100% |
| Exited | ISHARES TR (NYC) | 0.3% | — | −0.3 pts | −7,200 sh | −100% |
| Reduced | BROADCOM LTD SHS (AVGO) | 2.0% | 2.8% | +0.8 pts | −44,671 sh | −8% |
| New | ANGI CLASS (ANGI) | — | 0.2% | +0.2 pts | +732K sh | new |
| New | CALAVO GROWERS INC (CVGW) | — | 0.2% | +0.2 pts | +364K sh | new |
| Reduced | NOMAD FOODS LTD (NOMD) | 0.3% | 0.1% | −0.2 pts | −480K sh | −65% |
| Reduced | VEEVA SYS INC (VEEV) | 1.0% | 1.0% | 0.0 pts | −27,420 sh | −14% |
| Increased | SHYFT GROUP INC (SHYF) | 0.0% | 0.2% | +0.1 pts | +557K sh | +1043% |
| Increased | STIFEL FINL CORP (SF) | 0.3% | 0.4% | +0.1 pts | +61,257 sh | +45% |
| Increased | KENVUE INC COM (KVUE) | 0.4% | 0.5% | 0.0 pts | +280K sh | +35% |
| Reduced | NEXTNAV INC COMMON STOCK (NN) | 0.6% | 0.6% | 0.0 pts | −362K sh | −16% |
| Increased | MIDDLEBY CORP (MIDD) | 0.1% | 0.2% | +0.1 pts | +38,070 sh | +214% |
| Exited | BERY 251219C00067500 (BERY) | 0.1% | — | −0.1 pts | −7,039 sh | −100% |
| Increased | NORDSON CORP (NDSN) | 0.0% | 0.1% | +0.1 pts | +21,833 sh | +319% |
| Exited | HELEN OF TROY LT (HELE) | 0.1% | — | −0.1 pts | −81,650 sh | −100% |
| Reduced | NATIONAL CINEMEDIA INC (NCMI) | 0.2% | 0.1% | −0.2 pts | −939K sh | −50% |
| Exited | RBA 250620C00100000 (RBA) | 0.1% | — | −0.1 pts | −5,226 sh | −100% |
| Increased | FORTUNE BRANDS INNOVATIONS I (FBIN) | 0.4% | 0.4% | 0.0 pts | +83,202 sh | +28% |
| Increased | PHINIA INC COMMON STOCK (PHIN) | 0.1% | 0.2% | +0.1 pts | +94,510 sh | +94% |
| Reduced | GIBRALTAR INDS INC (ROCK) | 0.3% | 0.2% | −0.1 pts | −68,440 sh | −36% |
| Increased | ARES MANAGEMENT CORP (ARES) | 0.3% | 0.4% | +0.1 pts | +23,240 sh | +30% |
| Reduced | ENOVIS CORPORATION (ENOV) | 0.2% | 0.1% | −0.1 pts | −127K sh | −53% |
| Increased | DISNEY WALT CO (DIS) | 0.3% | 0.5% | +0.1 pts | +29,867 sh | +20% |
| New | NCR VOYIX CORPORATION COM (VYX) | — | 0.1% | +0.1 pts | +312K sh | new |
| Increased | ALIGHT INC COM CL A (ALIT) | 0.1% | 0.2% | +0.1 pts | +623K sh | +63% |
| Reduced | SEAPORT ENTMT GROUP INC (SEG) | 0.1% | 0.0% | −0.1 pts | −186K sh | −68% |
| Increased | EZCORP INC (EZPW) | 0.0% | 0.1% | +0.1 pts | +240K sh | +954% |
| Reduced | BLUE OWL CAPITAL CORPORATION C (OBDC) | 0.1% | 0.0% | 0.0 pts | −232K sh | −91% |
| Increased | COMPOSECURE INC COM CL A (CMPO) | 0.1% | 0.1% | +0.1 pts | +233K sh | +105% |
| Reduced | ASHLAND INC (ASH) | 0.1% | 0.0% | −0.1 pts | −65,320 sh | −100% |
| Exited | POWERFLEET INC (AIOT) | 0.1% | — | −0.1 pts | −542K sh | −100% |
| Reduced | LAKELAND INDS INC (LAKE) | 0.1% | 0.0% | −0.1 pts | −225K sh | −81% |
| Increased | MAGNERA (MAGN) | 0.7% | 0.5% | −0.2 pts | +252K sh | +15% |
| Increased | JANUS HENDERSON AAA CLO ETF (JAAA) | 0.6% | 0.6% | 0.0 pts | +58,352 sh | +12% |
| Exited | SPY SEP 19 2025 $550 PUT (SPY) | 0.1% | — | −0.1 pts | −1,587 sh | −100% |
| Exited | SPECTRUM BRANDS HLDGS INC COM (SPB) | 0.1% | — | −0.1 pts | −36,310 sh | −100% |
| New | CONDUENT INC (CNDT) | — | 0.1% | +0.1 pts | +1.04M sh | new |
| Reduced | FIRST INTERNET BANCORP (INBK) | 0.1% | 0.0% | −0.1 pts | −101K sh | −72% |
| Reduced | INGEVITY CORP COM (NGVT) | 0.2% | 0.1% | −0.1 pts | −62,420 sh | −35% |
| New | TITAN AMERICA SA COM NPV (TTAM) | — | 0.1% | +0.1 pts | +214K sh | new |
The 50 largest of 1,371 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
† Security identifier (CUSIP) changed — read as one continuing position, not an exit and a new position:
- LANDBRIDGE COMPANY LLC (LB): 501797104 → 514952100, 250 → 250 shares
- FORWARD AIR CORP COM (FWRD): 349853101 → 34986A104, 1.23M → 1.36M shares (share count changed with the identifier; not shown as a trade)
- PITNEY BOWES INC (PBI): 724479900 → 724479100, 600 → 1.67M shares (share count changed with the identifier; not shown as a trade)
Top 10 positions — 28.0% of the equity book
Changes in the top 10 this quarter: JPM entered · X left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | NORFOLK SOUTHN CORP (NSC) | 5.1% | 6.1% | |
| 2 | LKQ CORP (LKQ) | 5.2% | 4.3% | |
| 3 | BROADCOM LTD SHS (AVGO) | 2.0% | 2.8% | |
| 4 | VANGUARD INDEX FDS (VOO) | 2.5% | 2.6% | |
| 5 | MICROSOFT CORP (MSFT) | 2.1% | 2.5% | |
| 6 | APPLE INC (AAPL) | 2.8% | 2.4% | |
| 7 | RB GLOBAL INC (RBA) | 2.3% | 1.9% | |
| 8 | ISHARES TR (ITOT) | 1.8% | 1.9% | |
| 9 | JP MORGAN CHASE & CO (JPM) | 1.7% | 1.8% | Entered the top 10 |
| 10 | JP MORGAN ULTRA SHORT INCOME E (JPST) | 1.8% | 1.7% | |
| — | UNITED STATES STL CORP NEW (X) | 2.5% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| New | ISHARES TR (NYC) | Put | 0 | 9,600 | $6.95M |
| New | NORFOLK SOUTHN CORP (NSC) | Call | 0 | 5,768 | $5.43M |
| New | CSX CORP (CSX) | Call | 0 | 20,025 | $2.28M |
| New | AMCOR PLC (AMCR) | Call | 0 | 6,322 | $2.18M |
| New | VEEVA SYS INC (VEEV) | Call | 0 | 237 | $1.79M |
| New | ISHARES TR (NYC) | Call | 0 | 198 | $1.09M |
| New | RB GLOBAL INC (RBA) | Call | 0 | 775 | $1.02M |
| New | SPY SEP 19 2025 $550 PUT (SPY) | Put | 0 | 1,087 | $659K |
| New | ISHARES TR (NYC) | Put | 0 | 7,349 | $628K |
| New | SPY DEC 19 2025 $405 CALL (SPY) | Call | 0 | 18 | $395K |
| New | NN 260116C00012000 (NN) | Call | 0 | 611 | $312K |
| New | XLC 260116P00080000 (XLBI) | Put | 0 | 3,200 | $247K |
| New | RUT 251219P02100000 (SDD) | Put | 0 | 20 | $167K |
| New | WALGREENS BOOTS ALLIANCE INC (WBA) | Call | 0 | 800 | $148K |
| New | APPLE INC (AAPL) | Put | 0 | 21 | $54.2K |
| New | UNITEDHEALTH GROUP INC (UNH) | Put | 0 | 41 | $38.4K |
| New | UNITEDHEALTH GROUP INC (UNH) | Call | 0 | 41 | $34.3K |
| New | AVGO 260116P00210000 (AVGO) | Put | 0 | 20 | $17.9K |
| New | ICAHN ENTERPRISES LP (IEPRR) | Call | 0 | 101 | $1.77K |
| New | COMTECH TELECOMMUNICATIONS C (CMTL) | Call | 0 | 200 | $500 |