U-Haul Holding Co Leads Keeley-Teton Advisors’ New Investments in Q3 2024

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.

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.

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.

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.

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.

Story Continues

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.

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