SEC Filing Analysis: VALUE HOLDINGS MANAGEMENT CO. LLC

Executive Summary

• Trading Significance: Medium
• Key Takeaway: VALUE HOLDINGS MANAGEMENT CO. LLC filed its quarterly Form 13F-HR, disclosing $623.8 million in managed assets across 32 equity positions as of September 30, 2025. The portfolio shows a significant concentration in the industrials and business services sectors.
• Market Impact: This filing provides transparency into the positions of a mid-sized institutional manager. While 13F data is backward-looking, it can reveal institutional sentiment and conviction in specific stocks and sectors. The concentration in the top holdings may draw attention to those specific names.

Filing Institution Details

Field	Value
Company	VALUE HOLDINGS MANAGEMENT CO. LLC
CIK	0001695658
Form Type	13F-HR
Filing Date	2025-10-09
Period of Report	2025-09-30

Portfolio Summary

Field	Value
Total Portfolio Value	$623,823,000
Number of Holdings	32
Top Holding Value	$73,184,000 (EMCOR GROUP INC)
Top 10 Holdings as % of Portfolio	Approximately 65%

Top Holdings Analysis

This table details the top 10 largest positions by market value reported in the filing.

#	Issuer	Value (USD)	Shares Held
1	EMCOR GROUP INC	$73,184,000	112,670
2	PRIMORIS SERVICES CORP	$61,616,000	448,675
3	ROLLINS INC	$55,167,000	939,170
4	WABTEC CORP	$46,690,000	232,900
5	MKS INSTRUMENTS INC	$36,848,000	297,714
6	EXXON MOBIL CORP	$35,273,000	312,845
7	MATADOR RESOURCES CO	$31,137,000	693,008
8	TETRA TECH INC	$30,286,000	907,325
9	APPLIED INDUSTRIAL TECH INC	$24,199,000	92,698
10	GLOBAL PAYMENTS INC	$23,670,000	284,912

Investment Insights

Positive Market Indicators

• High Conviction: The portfolio is relatively concentrated, with the top 10 positions accounting for a significant portion of the total assets, suggesting high conviction from the manager in these names.
• Sector Focus: Strong weighting in industrials (EMCOR, WABTEC, APPLIED INDUSTRIAL), energy (EXXON, MATADOR), and business services (ROLLINS, GLOBAL PAYMENTS) indicates a bullish outlook on these areas of the economy.

Risk Factors

• Concentration Risk: A significant downturn in the top holdings or the sectors they represent could disproportionately impact the portfolio's performance.
• Lagging Data: 13F filings report positions held at the end of the previous quarter. These positions may have changed since the reporting date.

Key Takeaways

1. Substantial AUM: With over $623 million in reported assets, Value Holdings Management is a notable institutional player.
2. Industrial and Service Sector Bet: The portfolio is heavily weighted towards industrial, construction, and business service companies, suggesting a belief in continued economic activity and infrastructure spending.
3. Energy Exposure: The presence of Exxon Mobil, Matador Resources, and others indicates a significant allocation to the energy sector.

Contextual Analysis

Filing Context

This Form 13F-HR is a mandatory quarterly filing required for institutional investment managers with over $100 million in qualifying assets under management. It provides a snapshot of the manager's long U.S. equity positions.

Market Context

This filing reflects portfolio positioning at the end of Q3 2025. Analysts and investors will review this data to gauge institutional sentiment and identify trends in stock ownership. The heavy industrial and energy weighting could be interpreted as a play on economic resilience or inflationary pressures.

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IMPORTANT DISCLAIMER: This analysis is for informational purposes only and is not intended as investment advice. The information presented is based on publicly available SEC filings and should not be construed as a recommendation to buy, sell, or hold any securities. Past performance does not guarantee future results. All investments carry risk, including the potential loss of principal. Please consult with a qualified financial advisor before making any investment decisions.

Analysis generated on 2025-10-09 | Data source: SEC EDGAR