Meros Investment Management, LP

Fundamental diversified ★Signal CIK 1911372
League rank
#33
in Fundamental diversified · #188 overall
Long book
$230.7M
Q1 2026
Positions
52
Top-10 weight
46%
concentration
Last quarter
+30.7%
SPY +14.8%
Turnover
25%
of book per quarter

Strategy in plain words

auto-generated from filings

Meros Investment Management, LP is a diversified fundamental manager, running a $230.7M US long book across 52 positions.

The portfolio is moderately concentrated (top 10 ≈ 46% of the book). Turnover is modest: positions are typically held for years. Current anchor positions: DUCOMMUN INC, SELECT WATER SOLUTIONS INC, ENVIRI CORP, THERMON GROUP HOLDINGS INC, MAGNITE INC.

Over the last 9 quarters its long book ran on average 1.4pp per quarter behind the S&P 500, beating the index in 3 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-6.6%
Q2 2024
+5.5%
Q3 2024
+8.8%
Q4 2024
-24.1%
Q1 2025
+10.2%
Q2 2025
+9.6%
Q3 2025
+0.6%
Q4 2025
-7.2%
Q1 2026
+30.7%

Sector allocation

Technology
24%
Industrials
24%
Consumer discretionary
16%
Healthcare
10%
Other
10%
Energy
6%
Utilities
5%
Services media
3%

Long book by quarter

$223.7M
Q1 2024
$211.5M
Q2 2024
$221.0M
Q3 2024
$223.3M
Q4 2024
$170.3M
Q1 2025
$210.7M
Q2 2025
$234.2M
Q3 2025
$252.2M
Q4 2025
$230.7M
Q1 2026

What does Meros Investment own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
DCO DUCOMMUN INCIndustrials128.2K$15.6M6.8%-26.5%
WTTR SELECT WATER SOLUTIONS INCEnergy913.9K$14.0M6.1%-2.8%
NVRI ENVIRI CORPUtilities625.9K$12.3M5.3%-2.8%
8TG THERMON GROUP HOLDINGS INC241.5K$12.2M5.3%-28.9%
MGNI MAGNITE INCTechnology992.4K$11.8M5.1%+20.2%
COHU COHU INCTechnology276.0K$8.4M3.7%-22.4%
SEI SOLARIS ENERGY INFRASTRUCTURIndustrials143.8K$8.1M3.5%-12.5%
ARHS ARHAUS INCConsumer discretionary1.2M$8.1M3.5%+45.5%
AMPL AMPLITUDE INC-CLASS ATechnology1.2M$7.9M3.4%+35.0%
INDI INDIE SEMICONDUCTOR INC-ATechnology2.1M$6.6M2.9%-2.8%
SHOE SHOE STATION GROUP INCConsumer discretionary423.1K$6.6M2.9%+1.9%
KRUS KURA SUSHI USA INC-CLASS AConsumer discretionary90.7K$6.3M2.7%-28.2%
MLAB MESA LABORATORIES INCTechnology68.0K$6.0M2.6%-20.0%
SLP SIMULATIONS PLUS INCTechnology500.0K$5.9M2.6%+47.4%
BBW BUILD-A-BEAR WORKSHOP INCConsumer discretionary152.1K$5.7M2.5%+3.5%
MBUU MALIBU BOATS INC - AIndustrials215.2K$5.6M2.4%+36.3%
AZTA AZENTA INCIndustrials245.7K$5.2M2.2%+47.2%
PHR PHREESIA INCServices media615.7K$5.2M2.2%+28.7%
CYRX CRYOPORT INCHealthcare609.1K$5.0M2.2%-2.8%
WNC WABASH NATIONAL CORPIndustrials548.0K$4.7M2.0%-2.8%
INFU INFUSYSTEM HOLDINGS INCHealthcare469.4K$4.3M1.9%-5.7%
MDXG MIMEDX GROUP INCHealthcare1.1M$4.3M1.9%-17.6%
TILE INTERFACE INCOther169.0K$4.2M1.8%-2.8%
WERN WERNER ENTERPRISES INCIndustrials130.2K$3.8M1.7%+76.9%
BXC BLUELINX HOLDINGS INCConsumer discretionary70.3K$3.8M1.6%-14.6%
PACK RANPAK HOLDINGS CORPOther987.5K$3.5M1.5%-11.5%
WEAV WEAVE COMMUNICATIONS INCTechnology755.4K$3.5M1.5%+32.1%
OPRT OPORTUN FINANCIAL CORPFinancials726.4K$3.3M1.5%New
KRMD KORU MEDICAL SYSTEMS INCHealthcare760.5K$3.3M1.4%-2.8%
HURC HURCO COMPANIES INCTechnology211.5K$3.1M1.3%-2.8%
INMD INMODE LTDHealthcare226.1K$3.1M1.3%-44.1%
PSIX POWER SOLUTIONS INTERNATIONAIndustrials39.3K$2.4M1.0%New
MASS 908 DEVICES INCOther361.7K$2.2M1.0%+4.2%
BVS BIOVENTUS INC - AHealthcare207.7K$1.9M0.8%-34.1%
PPIH PERMA-PIPE INTERNATIONAL HOLIndustrials62.3K$1.9M0.8%New
CBRL CRACKER BARREL OLD COUNTRYConsumer discretionary65.0K$1.8M0.8%New
BJRI BJ'S RESTAURANTS INCConsumer discretionary49.0K$1.7M0.7%New
NTIC NORTHERN TECHNOLOGIES INTLIndustrials206.3K$1.7M0.7%-2.9%
PLAB PHOTRONICS INCTechnology37.6K$1.5M0.7%-65.2%
AP AMPCO-PITTSBURGH CORPIndustrials214.8K$1.4M0.6%New
AEBI AEBI SCHMIDT HOLDING AGIndustrials137.4K$1.3M0.6%-2.8%
RCMT RCM TECHNOLOGIES INCServices media64.1K$1.2M0.5%-2.8%
SVV SAVERS VALUE VILLAGE INCConsumer discretionary154.8K$1.2M0.5%New
TWIN TWIN DISC INCIndustrials58.0K$873K0.4%+6.1%
TGEN TECOGEN INC/WALTHAM MAIndustrials291.7K$747K0.3%New
OWLT OWLET INCOther137.4K$706K0.3%+70.9%
DAVE DAVE INCFinancials3.6K$620K0.3%-2.9%
SRTS SENSUS HEALTHCARE INCHealthcare152.4K$607K0.3%-2.8%
HBIO HARVARD BIOSCIENCE INCHealthcare118.5K$577K0.3%-90.3%
VSXY VICTORIA'S SECRET & COConsumer discretionary9.3K$432K0.2%-2.8%

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 14, 202652$230.7M canonicalSEC ↗
Q4 202513F-HRFeb 17, 202648$252.2M canonicalSEC ↗
Q3 202513F-HRNov 14, 202543$234.2M canonicalSEC ↗
Q2 202513F-HRAug 14, 202541$210.7M canonicalSEC ↗
Q1 202513F-HRMay 13, 202541$170.3M canonicalSEC ↗
Q4 202413F-HRFeb 14, 202540$223.3M canonicalSEC ↗
Q3 202413F-HRNov 18, 202440$221.0M canonicalSEC ↗
Q2 202413F-HRAug 15, 202439$211.5M canonicalSEC ↗
Q1 202413F-HRMay 15, 202440$223.7M canonicalSEC ↗