Towle & Co 13F annual report

Towle & Co is an investment fund managing more than $864 billion ran by Jessica Kardos. There are currently 61 companies in Mrs. Kardos’s portfolio. The largest investments include PVH Corp and Alpha Metallurgical Resour I, together worth $77.2 billion.

Limited to 30 biggest holdings

$864 billion Assets Under Management (AUM)

As of 7th February 2024, Towle & Co’s top holding is 317,055 shares of PVH Corp currently worth over $38.7 billion and making up 4.5% of the portfolio value. Relative to the number of outstanding shares of PVH Corp, Towle & Co owns more than approximately 0.1% of the company. In addition, the fund holds 113,394 shares of Alpha Metallurgical Resour I worth $38.4 billion. The third-largest holding is M/i Homes Inc worth $38.3 billion and the next is United States Stl Corp New worth $35 billion, with 720,028 shares owned.

Currently, Towle & Co's portfolio is worth at least $864 billion. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Towle & Co

The Towle & Co office and employees reside in Denver, Colorado. According to the last 13-F report filed with the SEC, Jessica Kardos serves as the Head of Investment Operations at Towle & Co.

Recent trades

In the most recent 13F filing, Towle & Co revealed that it had opened a new position in Par Pac Holdings Inc and bought 881,193 shares worth $32 billion.

The investment fund also strengthened its position in G-III Apparel by buying 979,693 additional shares. This makes their stake in G-III Apparel total 1,012,033 shares worth $34.4 billion. G-III Apparel soared 95.7% in the past year.

On the other hand, there are companies that Towle & Co is getting rid of from its portfolio. Towle & Co closed its position in Gap on 14th February 2024. It sold the previously owned 2,633,850 shares for $26.4 billion. Jessica Kardos also disclosed a decreased stake in PVH Corp by 0.2%. This leaves the value of the investment at $38.7 billion and 317,055 shares.

One of the average hedge funds

The two most similar investment funds to Towle & Co are Essex Services and Woodstock Corp. They manage $864 billion and $864 billion respectively.


Jessica Kardos investment strategy

Towle & Co’s portfolio is diversified across 8 sectors. Currently, their heaviest sector is Consumer Discretionary — making up 23.5% of the total portfolio value. The fund focuses on investments in the United States as 42.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 8% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $8.22 billion.

The complete list of Towle & Co trades based on 13F SEC filings

These positions were updated on February 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security Shares Owned Value Allocation
PVH Corp
22.66%
317,055
$38,718,757,000 4.48%
Alpha Metallurgical Resour I
18.34%
113,394
$38,431,494,000 4.45%
M/i Homes Inc
50.39%
277,847
$38,270,646,000 4.43%
United States Stl Corp New
18.22%
720,028
$35,029,362,000 4.05%
G-III Apparel Group Ltd.
3,029.35%
1,012,033
$34,388,881,000 3.98%
Par Pac Holdings Inc
Opened
881,193
$32,048,989,000 3.71%
Jeld-wen Hldg Inc
20.31%
1,675,642
$31,636,121,000 3.66%
Stellantis N.V
22.47%
1,303,034
$30,386,753,000 3.52%
Cleveland-Cliffs Inc
18.36%
1,435,465
$29,312,195,000 3.39%
Foot Locker Inc
48.85%
913,805
$28,465,026,000 3.29%
PBF Energy Inc
19.00%
638,885
$28,085,385,000 3.25%
Gap, Inc.
Closed
2,633,850
$26,443,854,000
HF Sinclair Corporation
20.45%
447,553
$24,870,520,000 2.88%
American Axle & Mfg Hldgs In
Opened
2,752,840
$24,252,520,000 2.81%
Trinseo PLC
Closed
1,140,634
$23,782,219,000
Liberty Energy Inc
16.16%
1,308,471
$23,735,664,000 2.75%
Goodyear Tire & Rubr Co
22.16%
1,624,177
$23,258,215,000 2.69%
Taylor Morrison Home Corp.
Closed
598,650
$22,904,349,000
Avnet, Inc.
19.52%
449,817
$22,670,777,000 2.62%
Southwest Airls Co
Opened
772,403
$22,306,999,000 2.58%
Victorias Secret And Co
Closed
647,590
$22,115,199,000
Advance Auto Parts Inc
Opened
361,160
$22,041,595,000 2.55%
Ally Finl Inc
24.31%
620,206
$21,657,594,000 2.51%
Algoma Stl Group Inc
20.91%
2,077,597
$20,838,298,000 2.41%
Tyson Foods, Inc.
Opened
385,390
$20,714,713,000 2.40%
United Airls Hldgs Inc
Opened
497,450
$20,524,787,000 2.38%
Arrow Electrs Inc
20.39%
160,599
$19,633,228,000 2.27%
Ryerson Hldg Corp
2,265.33%
565,550
$19,613,274,000 2.27%
Delek Us Hldgs Inc New
Closed
854,030
$19,599,989,000
Ternium Sa
17.61%
461,236
$19,588,693,000 2.27%
Dana Inc
22.22%
1,283,650
$18,754,127,000 2.17%
General Mtrs Co
2,274.61%
498,430
$17,903,606,000 2.07%
Eni S P A
1,388.92%
502,660
$17,095,467,000 1.98%
Macys Inc
34.24%
775,979
$15,612,697,000 1.81%
Arcelormittal Sa Luxembourg
2,194.21%
544,874
$15,468,973,000 1.79%
Propetro Hldg Corp
22.17%
1,844,135
$15,453,851,000 1.79%
Designer Brands Inc
24.21%
1,652,505
$14,624,669,000 1.69%
Bluelinx Hldgs Inc
1,048.00%
117,670
$13,333,188,000 1.54%
Zumiez Inc
Opened
577,990
$11,756,317,000 1.36%
Frontier Group Hldgs Inc
Opened
1,419,958
$7,752,971,000 0.90%
United Nat Foods Inc
28.46%
467,562
$7,588,531,000 0.88%
Sportsmans Whse Hldgs Inc
20.34%
1,644,310
$7,004,761,000 0.81%
Ishares Tr
Opened
42,190
$6,553,373,000 0.76%
Patrick Inds Inc
7.20%
17,150
$1,721,003,000 0.20%
American Eagle Outfitters In
Opened
76,720
$1,623,395,000 0.19%
1-800 Flowers.com Inc.
Closed
136,820
$1,573,430,000
Constellium SE
7.05%
74,710
$1,491,212,000 0.17%
TimkenSteel Corp
7.67%
51,390
$1,205,096,000 0.14%
Sonic Automotive, Inc.
Opened
21,430
$1,204,580,000 0.14%
Lithia Mtrs Inc
4.18%
3,440
$1,132,723,000 0.13%
Jones Lang Lasalle Inc.
Opened
5,890
$1,112,444,000 0.13%
Walgreens Boots Alliance Inc
122.33%
41,710
$1,089,048,000 0.13%
POSCO Holdings Inc
17.82%
11,250
$1,069,988,000 0.12%
SMART Global Holdings Inc
7.97%
56,020
$1,060,459,000 0.12%
Pilgrims Pride Corp
7.20%
38,150
$1,055,229,000 0.12%
Marathon Pete Corp
3.69%
7,040
$1,044,454,000 0.12%
Phillips 66
Closed
10,210
$1,035,090,000
Hovnanian Enterprises, Inc.
Closed
15,150
$1,027,776,000
Ferroglobe Plc
Closed
206,290
$1,019,073,000
Valero Energy Corp.
20.39%
7,810
$1,015,300,000 0.12%
Alaska Air Group Inc.
Opened
25,890
$1,011,522,000 0.12%
CVR Energy Inc
Opened
33,120
$1,003,536,000 0.12%
La-Z-Boy Inc.
Closed
34,410
$1,000,643,000
Chicos Fas Inc
Closed
178,680
$982,740,000
Ford Mtr Co Del
66.02%
79,870
$973,615,000 0.11%
Veritiv Corp
Closed
7,140
$964,900,000
Ingles Mkts Inc
Opened
11,130
$961,298,000 0.11%
Autonation Inc.
Opened
6,360
$955,145,000 0.11%
Lear Corp.
Opened
6,400
$903,744,000 0.10%
LL Flooring Holdings Inc
Closed
229,300
$871,340,000
World Kinect Corporation
Opened
35,980
$819,624,000 0.09%
Cross Ctry Healthcare Inc
Closed
36,100
$805,752,000
Genesco Inc.
Opened
22,580
$795,042,000 0.09%
Boise Cascade Co
Closed
11,870
$750,778,000
Caleres Inc
Closed
34,350
$742,991,000
Manpowergroup Inc Wis
Opened
9,330
$741,455,000 0.09%
Hawaiian Holdings, Inc.
6.23%
48,460
$688,132,000 0.08%
Schnitzer Steel Inds Inc
Closed
21,880
$680,468,000
Container Store Group Inc
Closed
190,750
$654,273,000
Eastman Kodak Co.
Closed
135,000
$553,500,000
Owens & Minor, Inc.
Closed
23,060
$335,523,000
No transactions found
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