12th Street Asset Management Company, LLC

Hedge Fund • Value

12th Street Asset Management Company, LLC is a Value-focused Hedge Fund based in Nashville, TN led by David Andrew Shipman, managing $628.0M across 31 long positions as of Q3 2025 with 61% concentrated in top 10 holdings.

MemberDavid Andrew Shipman

Portfolio Value: $628.0M
Positions: 31
Top Holding: BIL at 8.69%
Last Reported: Q3 2025

Address102 Woodmont Blvd., Suite 460, Nashville, TN, 37205, United States

Top Holdings

Largest long holdings in 12th Street Asset Management Company, LLC's portfolio (61% of total portfolio)

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GthenH

Holding	Sector	Position	Weight	Traded	Ownership	Owned Since
1 SPDR Bloomberg 1-3 Month T-Bill ETF BIL	ETF ETF	$54.6M	8.69%	+$8.9M Bought	— 595.0K shares	Q4 2022 Held for 2y 11m
2 Clean Harbors CLH	Waste Management Industrials	$49.7M	7.92%	-$817.6K Sold	0.40% 214.1K shares	Q4 2014 Held for 10y 11m
3 CRH CRH	Construction Materials Basic Materials	$40.1M	6.39%	-$687.9K Sold	0.05% 334.4K shares	Q1 2024 Held for 1y 8m
4 AutoZone AZO	Specialty Retail Consumer Cyclical	$38.1M	6.06%	-$665.0K Sold	0.05% 8.9K shares	Q4 2020 Held for 4y 11m
5 Kirby Corporation KEX	Marine Shipping Industrials	$36.8M	5.87%	-$3.7M Sold	0.79% 441.4K shares	Q1 2024 Held for 1y 8m
6 SGI Silicon Graphics International Corp SGI	Unknown Unknown	$36.8M	5.86%	-$698.9K Sold	— 436.4K shares	Q1 2025 Held for 8 months
7 SGI Tempur Sealy International SGI	Furnishings, Fixtures & Appliances Consumer Cyclical	$36.8M	5.86%	-$698.9K Sold	0.21% 436.4K shares	Q4 2024 Held for 11 months
8 LKQ LKQ	Auto - Parts Consumer Cyclical	$33.3M	5.30%	+$5.4M Bought	0.42% 1.1M shares	Q4 2014 Held for 10y 11m
9 Pinnacle Financial Partners PNFP	Banks - Regional Financial Services	$29.9M	4.77%	-$552.2K Sold	0.41% 319.1K shares	Q2 2018 Held for 7y 5m
10 Ciena CIEN	Communication Equipment Technology	$26.9M	4.29%	-$28.1M Sold	0.13% 185.0K shares	Q3 2024 Held for 1y 2m

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GthenH

Changes

Portfolio activity, position movements, and quarter-over-quarter changes in 12th Street Asset Management Company, LLC's latest filing

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GthenC

Market Value

$628.0M

Prior: $612.0M

Q/Q Change

+2.62%

+$16.0M

Net Flows % of MV

-2.9%

Turnover Ratio

11.67%

New Purchases

1 stocks

$6.8M

Added To

9 stocks

+$57.4M

Sold Out Of

1 stocks

$17.4M

Reduced Holdings

21 stocks

-$65.0M

Increased Positions

Position	Shares Δ	Change
1 Granite Construction GVA	New	0 → 62.0K +$6.8M
2 i3 Verticals, Inc. IIIV	+159.88%	234.7K → 609.9K +$12.2M
3 HealthEquity HQY	+114.37%	126.9K → 272.1K +$13.8M
4 American Homes 4 Rent AMH	+64.25%	96.2K → 158.1K +$2.1M
5 Dycom Industries DY	+48.89%	45.2K → 67.2K +$6.4M

Decreased Positions

Position	Shares Δ	Change
1 Graphic Packaging Holding GPK	Sold	824.1K → 0 −$17.4M
2 Ciena CIEN	-51.08%	378.1K → 185.0K −$28.1M
3 Acushnet Holdings GOLF	-47.48%	117.4K → 61.7K −$4.4M
4 Amcor AMCR	-42.66%	2.8M → 1.6M −$9.9M
5 Construction Partners ROAD	-38.84%	60.8K → 37.2K −$3.0M