13F
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Ophir Asset Management Pty Ltd

13F equity value
$859M
Positions
34
Top 10 concentration
53.5%
Quarters / total new picks
20 / 126
13F equity value over time
$0M$446M$892M2020202120222023202420252026

"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 20 quarters, returned +5.0% per quarter — versus +1.8% per quarter from simply owning every 13F stock. It beat that baseline in only 75.0% of quarters (excess t = 0.11, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+0.6%
t-stat
0.11
Quarterly win rate
75%
Annualized excess
+8.5%
$1 → follow vs universe
$1.97 vs $1.34
Cumulative return: $1 invested in new picks vs universe
1.00 20210331: universe 1.00920210630: universe 1.09020210930: universe 0.97820211231: universe 0.83220220331: universe 0.89420220630: universe 0.82820220930: universe 0.88920221231: universe 0.82620230331: universe 0.87020230630: universe 0.83920230930: universe 0.95220231231: universe 0.99520240331: universe 1.01720240630: universe 1.11020240930: universe 1.10020241231: universe 1.02720250331: universe 1.11920250630: universe 1.15520250930: universe 1.29820251231: universe 1.343 20210331: follow 1.23120210630: follow 1.56420210930: follow 1.43520211231: follow 0.83020220331: follow 0.95220220630: follow 0.93220220930: follow 1.01220221231: follow 0.94920230331: follow 1.00020230630: follow 0.83120230930: follow 1.04320231231: follow 1.18120240331: follow 1.39320240630: follow 1.66320240930: follow 1.59820241231: follow 1.64420250331: follow 1.50920250630: follow 1.80120250930: follow 2.09820251231: follow 1.974 0.76 1.51 2.27 20212022202320242025 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 34 · 2026 Q1

Ticker Value Weight QoQ
AIR $59M
6.9%
HOLD
VVX $58M
6.8%
TRIM
MRX $56M
6.5%
ADD
SXI $50M
5.9%
NEW
EZPW $41M
4.8%
NEW
SIMO $40M
4.7%
TRIM
TRNS $40M
4.7%
NEW
IRTC $40M
4.6%
ADD
DCO $38M
4.5%
TRIM
PDFS $37M
4.3%
ADD
ANDE $37M
4.3%
TRIM
AORT $35M
4.1%
NEW
CDNL $32M
3.7%
TRIM
PENG $28M
3.3%
ADD
PNTG $28M
3.2%
TRIM
IESC $26M
3.0%
TRIM
MGNI $25M
2.9%
TRIM
RDVT $23M
2.7%
ADD
SYNA $22M
2.6%
NEW
WDFC $22M
2.5%
NEW

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

AORTDFINEVLVEZPWLYTSMAMASXISYNATRNSTTMIWDFCXMTR

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.