13F
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NEUMEIER POMA INVESTMENT COUNSEL LLC

13F equity value
$1.2B
Positions
41
Top 10 concentration
39.4%
Quarters / total new picks
27 / 62
13F equity value over time
$0M$897M$2B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 27 quarters, returned -0.1% per quarter — versus +3.0% per quarter from simply owning every 13F stock. It beat that baseline in only 37.0% of quarters (excess t = -0.15, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
-0.9%
t-stat
-0.15
Quarterly win rate
37%
Annualized excess
-18.3%
$1 → follow vs universe
$0.60 vs $2.01
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920181231: universe 0.94920190331: universe 0.93220190630: universe 1.00220200331: universe 1.20820200630: universe 1.33420200930: universe 1.63620201231: universe 1.71120210630: universe 1.84820210930: universe 1.65920211231: universe 1.41220220331: universe 1.51620220630: universe 1.40420220930: universe 1.50820221231: universe 1.40120230331: universe 1.47620230630: universe 1.42320231231: universe 1.48720240331: universe 1.52020240630: universe 1.65820240930: universe 1.64420241231: universe 1.53420250331: universe 1.67320250630: universe 1.72520250930: universe 1.94020251231: universe 2.007 20180331: follow 1.18120180630: follow 0.91120181231: follow 0.83320190331: follow 0.79520190630: follow 0.89620200331: follow 0.94620200630: follow 0.96420200930: follow 1.11520201231: follow 0.74620210630: follow 0.89220210930: follow 0.74620211231: follow 0.47620220331: follow 0.53920220630: follow 0.51720220930: follow 0.57620221231: follow 0.62320230331: follow 0.63620230630: follow 0.61220231231: follow 0.64520240331: follow 0.73720240630: follow 0.74820240930: follow 0.69920241231: follow 0.57620250331: follow 0.48020250630: follow 0.78020250930: follow 0.62820251231: follow 0.596 0.44 1.30 2.17 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 41 · 2026 Q1

Ticker Value Weight QoQ
HASI $56M
4.6%
ADD
OSIS $51M
4.2%
TRIM
FN $50M
4.1%
ADD
TTMI $49M
4.0%
TRIM
SIMO $48M
4.0%
TRIM
MYRG $46M
3.8%
TRIM
UMBF $46M
3.8%
ADD
DY $45M
3.7%
TRIM
FCN $45M
3.7%
ADD
LAUR $43M
3.5%
ADD
TSEM $42M
3.5%
TRIM
CVSA $39M
3.3%
ADD
TTEK $39M
3.2%
ADD
SHOO $38M
3.1%
ADD
BLBD $36M
2.9%
ADD
SKY $35M
2.9%
HOLD
GOLF $35M
2.9%
TRIM
FSS $32M
2.6%
ADD
CASH $32M
2.6%
ADD
MGRC $32M
2.6%
TRIM

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

CGAUWLDN

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.