Southernsun

8 strategies

Southernsun publishes a letter per strategy. Each one has its own page with what it holds, what it bought and what it wrote.

• SouthernSun Small Cap2

  Small-cap · 7 companies

• SouthernSun Smid Cap2

  Mid-cap · 5 companies

• SouthernSun AM Small Cap Strategy1

  Small-cap · 10 companies

  YTD +16.2% · 1Y +26.1% · 3Y +9.0%/yr (Jun 30, 2026)

• SouthernSun AM SMID Cap Composite1

  Mid-cap · 6 companies

  YTD +18.0% · 1Y +22.4% · 3Y +10.1%/yr (Jun 30, 2026)

• Southernsun Small Cap Investment1

  Small-cap · 1 companies

• Southernsun Smid Cap Investment1

  Mid-cap · 5 companies

• Southersun Small Cap Investment1

  Small-cap · 8 companies

• Southersun Smid Cap Investment1

  Mid-cap · 6 companies

Returns as reported in each strategy’s latest letter, extracted automatically and not verified by us; one share class, in its own currency. Not investment advice. Past performance does not predict future returns.

What they bought and sold · 6 moves

• New positionCrane NXT, Co.

  September 2025

  “We initiated a new position in Crane NXT (CXT) in the SMID Cap strategy during the quarter.”

  Read the letter→
• New positionMSA Safety, Inc.

  June 2025

  “During the second quarter of 2025, we initiated one new position in MSA Safety, Inc. (MSA) in the SMID Cap Composite.”

  Read the letter→
• ExitedOxford Industries, Inc.

  June 2025

  “During the second quarter of 2025, we fully exited Oxford Industries, Inc. (OXM) and initiated a new position in MSA Safety (MSA) in the Small Cap Strategy.”

  Read the letter→
• ExitedPolaris Industries, Inc.

  March 2025

  “During the first quarter of 2025, we fully exited Polaris Industries, Inc. (PII).”

  Read the letter→
• New positionExtreme Networks, Inc.

  March 2025

  “We initiated two new positions in Extreme Networks, Inc. (EXTR) and Modine Manufacturing Company (MOD) in the Small Cap Strategy.”

  Read the letter→
• New positionModine Manufacturing Company

  March 2025

  “We initiated one new position in Modine Manufacturing Company (MOD) in the SMID Cap Composite.”

  Read the letter→

Companies held · 20

Every company Southernsun has disclosed a position in across our archive, with the letter that last mentioned it.

• APi Group CorporationJun 2025
• Boot Barn Holdings, Inc.Jun 2025
• Brink's CompanySep 2025
• Broadridge Financial Solutions, Inc.Jun 2026
• Crane NXT, Co.Sep 2025
• Darling Ingredients Inc.Jun 2026
• Dorman Products, Inc.Jun 2026
• Dycom Industries, Inc.Jun 2025
• Enerpac Tool Group CorporationMar 2025
• Extreme Networks, Inc.Jun 2026
• Generac Holdings Inc.Jun 2026
• Live Oak Bancshares, Inc.Mar 2025
• Modine Manufacturing CompanySep 2025
• MSA Safety, Inc.Jun 2025
• Oxford Industries, Inc.Jun 2025
• Polaris Industries, Inc.Mar 2025
• The Boston Beer Company, Inc.Jun 2026
• The Timken CompanyMar 2025
• U.S. Physical Therapy, Inc.Mar 2025
• Watsco, Inc.Sep 2025

Theses · 8

• Darling Ingredients Inc.

  June 2026

  Darling Ingredients is supported by improved earnings, regulatory renewable-fuel volumes, and an earnings power that still looks undervalued.

  Read the full thesis→
• Broadridge Financial Solutions, Inc.

  June 2026

  Broadridge Financial Solutions has durable proxy and trading franchises, strong growth, and an attractive valuation despite AI and tokenization fears.

  Read the full thesis→
• Crane NXT

  September 2025

  Crane NXT (CXT) is a niche leader in secure payments and authentication technologies with strong margins, recurring revenue, and strategic growth drivers — offering a compelling long-term opportunity powered by cash flow, not just valuation.

  Read the full thesis→
• MSA Safety, Inc.

  June 2025

  MSA Safety, Inc. is a leading provider of critical safety solutions across various industries, including advanced firefighter equipment and gas detection instruments, with a strong focus on innovation and connected technologies poised for growth.

  Read the full thesis→
• Extreme Networks, Inc.

  March 2025

  Extreme Networks is well-positioned for growth in the networking industry, targeting distributed environments with competitive advantages in product, pricing, and customer service, while aiming to disrupt incumbents Cisco and HP.

  Read the full thesis→
• Modine Manufacturing Company

  March 2025

  Modine Manufacturing Company (MOD) is a thermal management company transitioning from a legacy automotive focus to HVAC solutions under new leadership, showing strong operational improvements and growth potential.

  Read the full thesis→
• Advanced Energy Industries, Inc.

  December 2024

  Advanced Energy Industries, Inc. (AEIS) is a market leader in power conversion solutions, particularly for the semiconductor industry, with a strong focus on customized products and strategic acquisitions to enhance efficiency and profitability.

  Read the full thesis→
• Oxford Industries, Inc.

  December 2024

  Oxford Industries, Inc. is a growth-oriented company with a strong portfolio of high-margin clothing brands, demonstrating effective management and opportunities for continued expansion through both organic growth and acquisitions.

  Read the full thesis→

Letter archive · 10