Insight into Keeley-Teton Advisors' Latest 13F Filing

Keeley-Teton Advisors, LLC (Trades, Portfolio), a firm renowned for its expertise in small to mid-cap value investing, has recently disclosed its 13F holdings for the third quarter of 2024. The firm, which emerged from the merger of Keeley Asset Management Corp and Teton Advisors, Inc. in March 2017, continues to leverage a disciplined, bottom-up investment strategy. This approach focuses on uncovering undervalued stocks that promise long-term growth. The firm's latest filings reveal significant movements in their portfolio, including new buys, increased stakes, complete sell-offs, and reductions.

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Summary of New Buys

Keeley-Teton Advisors, LLC (Trades, Portfolio) expanded its portfolio by adding 43 new stocks. Noteworthy new additions include:

• U-Haul Holding Co (NYSE:UHAL.B), purchasing 92,063 shares, making up 0.73% of the portfolio, valued at approximately $6.63 million.
• Herc Holdings Inc (NYSE:HRI), with 31,735 shares, representing 0.56% of the portfolio, valued at around $5.06 million.
• United Rentals Inc (NYSE:URI), acquiring 6,265 shares, also accounting for 0.56% of the portfolio, with a total value of $5.07 million.

Key Position Increases

The firm also raised its stakes in 64 existing holdings. Significant increases include:

• Columbus McKinnon Corp (NASDAQ:CMCO), where they added 106,402 shares, bringing the total to 158,396 shares. This adjustment marks a 204.64% increase in share count, impacting the portfolio by 0.42%, and valued at $5.70 million.
• Wintrust Financial Corp (NASDAQ:WTFC), with an additional 20,751 shares, bringing the total to 71,927 shares, valued at $7.81 million.

Summary of Sold Out Positions

In the third quarter of 2024, Keeley-Teton Advisors, LLC (Trades, Portfolio) exited 13 positions entirely, including:

• Macatawa Bank Corp (NASDAQ:MCBC), selling all 255,135 shares, impacting the portfolio by -0.48%.
• Premier Inc (NASDAQ:PINC), liquidating all 154,770 shares, which had a -0.37% impact on the portfolio.

Key Position Reductions

The firm reduced its holdings in 147 stocks. The most notable reductions were:

• Hillenbrand Inc (NYSE:HI), where 62,141 shares were sold, resulting in a 62.14% decrease in shares and a -0.32% portfolio impact. The stock traded at an average price of $35.15 during the quarter and has seen a -11.40% return over the past three months and -35.80% year-to-date.
• Spirit AeroSystems Holdings Inc (NYSE:SPR), reducing by 66,795 shares, a 62.75% cut, impacting the portfolio by -0.28%. The stock's average trading price was $34.27 during the quarter, with a -11.08% return over the past three months and -4.31% year-to-date.

Portfolio Overview

As of the third quarter of 2024, Keeley-Teton Advisors, LLC (Trades, Portfolio)'s portfolio included 377 stocks. The top holdings comprised 5.02% in iShares Core S&P 500 ETF (IVV), 1.67% in Vanguard Total Stock Market ETF (VTI), 1.27% in Ensign Group Inc (NASDAQ:ENSG), 1.15% in Columbia Banking System Inc (NASDAQ:COLB), and 1.15% in TechnipFMC PLC (NYSE:FTI). The holdings are predominantly concentrated across 11 industries, reflecting a diverse and strategic allocation.

This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.

This article first appeared on GuruFocus.