What smart money is saying about Utz Brands, Inc.

Position history

Between Q4 2025 and Q3 2026, 1 fund letter reported a position in Utz Brands, Inc., with 1 sell (trimmed or exited).

Bought and Sold count moves: the same sentence published by several funds of one house in a quarter counts once.

Fund activity · 1 position · 1 move

• ExitedDiamond Hill Small Cap Fund

  September 2026

  “Key contributors • Shares of snack food company Utz Brands rose after entering into an agreement to be acquired by Intersnack, a privately held European leader in savory snacks. • Mesa Laboratories, a provider of quality control products for drug manufacturers and hospitals, saw shares increase as sales returned to organic growth, margins expanded and debt declined. We believe the new CEO’s focus on improving execution in the sterilization business supports the long-term value of the company’s durable, regulation-driven franchises. • UFP Technologies, a manufacturer of engineered products for leading medical device companies, saw shares rise following strong quarterly results, including broad-based organic growth and margin expansion as new programs gained traction. We believe the company’s long-term customer relationships, acquisition pipeline and continued program growth support an attractive long-term outlook. Key detractors • Shares of health care management company Astrana Health declined during the quarter as selling pressure emerged following a strong first half of 2026. Company fundamentals remain solid as the management team continues to execute its strategy, and shares are still up meaningfully year to date. • Triumph Financial, a bank and transportation finance company, saw shares decline over concerns that higher diesel prices could weigh on the trucking industry. However, we believe higher prices may benefit Triumph’s factory business by increasing average invoice sizes. • Gaming development and management company Red Rock Resorts underperformed amid construction-related disruptions and inflationary concerns tied to elevated oil prices. Despite these near-term pressures, we continue to view the long-term opportunity as attractive, particularly at current valuations. New positions • We initiated a position in Bank7, an Oklahoma City-based commercial bank, given the company’s highly profitable, branch- light model and recent acquisition of Century Bank, which we believe should meaningfully enhance earnings. • Twin Disc is a manufacturer of marine and industrial propulsion systems. We initiated a position given the company’s growing defense exposure, strong backlog and attractive valuation. We believe shares remain undervalued as the market has yet to fully recognize the company’s shift away from its historically cyclical oil and gas business. • Mayville Engineering, a leading US contract metal fabricator, was added to the portfolio as we see an attractive opportunity for earnings growth. Several of its legacy end markets remain near cyclical lows, while the company is repurposing underutilized capacity to serve growing demand from data center and critical-power infrastructure. We believe a recovery in core markets, disciplined pricing and new data center demand can drive earnings growth that is underappreciated by the market. Eliminated positions • We exited our position in Utz Brands after shares reached our estimate of intrinsic value following its announced acquisition by Intersnack.”

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  Utz Brands, Inc.