<strong>Southernsun Asset Management Q2 2026 Activity Summary</strong>

Southernsun Asset Management, Llc's portfolio saw notable shifts during the second quarter of 2026. The firm's holdings in various stocks changed significantly compared to the previous period.

Several companies experienced net increases in their share count within Southernsun's portfolio this quarter:

• The Boston Beer Co Inc (SAM), a Consumer Defensive stock, saw its holdings increase by 76.27%, adding significant weight to that sector.
• Thor Industries Inc. (THO), in the Consumer Cyclical space, increased its share count by a substantial 82.27%.

Conversely, there were notable net sales or reductions across several holdings:

• Louisiana-Pacific Corp (LPX), an Industrials stock previously holding a 6.12% allocation, saw its shares decrease by 18.9%, indicating a significant reduction.
• Boot Barn Holdings Inc (BOOT) experienced a small but disclosed reduction of 1.38% in portfolio weight.
• Murphy USA Inc. also showed a decrease, with its allocation dropping by 5.7%.

The overall portfolio value stood at $742,814,647 as of June 30, 2026, reflecting these changes among others. The investor holds positions in stocks across multiple sectors including Industrials (47.45%), Consumer Cyclical (22.42%), and Technology (8.14%).

While the portfolio maintains a broad diversification with holdings in 29 companies, it also exhibits concentration through its top five positions accounting for approximately 30.91% of the total value combined.