SS

Steven Scruggs | QRSIX

Mutual Fund
FPA Queens Road Small Cap Value Fund
Last update 2025-04-15 51 Stocks (1 new)
Value $732.00 Mil Turnover 11 %
Countries:

Steven Scruggs Profile

Steve joined Bragg Financial Advisors (BFA) in 1999 and serves as the Portfolio Manager for the FPA Queens Road Funds. He is the Director of Research for BFA and a member of the Investment Committee. Previously, Steve served as Product Manager for GMAC Insurance and Reliance Insurance Companies.

Steven Scruggs Investing Philosophy

The Queens Road Small Cap Value Fund uses fundamental, bottom-up analysis to construct a diversified portfolio of small-capitalization companies. The fund's research process is built on the principles established by Benjamin Graham to identify companies that are trading at a discount to their intrinsic value. The fund's investing process considers Quantitative & Qualitative Analysis, Balance Sheet, Valuation, Management, Sector and Industry.

Steven Scruggs Portfolio and Latest Trades

Type:
Ticker
Company
Date
Action
Impact %
Price Range
Price
Price Change from Avrg%
Comment
Current Shares
Share Change
SFM
Sprouts Farmers Market Inc
2025-03-31
Reduce
Reduce
-2.00%
132.75 ($149.11) 177.12
$164.61
10.40%
Reduce -45.16%
139,656
-115,000
REVG
REV Group Inc
2025-03-31
New Buy
New Buy
+1.57%
27.3 ($32.38) 35.58
$47.59
46.97%
New holding
364,789
364,789
MDU
MDU Resources Group Inc
2025-03-31
Add
Add
+1.43%
16.45 ($17.26) 18.61
$16.67
-3.42%
Add 111.05%
1,177,489
619,570
PVH
PVH Corp
2025-03-31
Add
Add
+1.15%
63.81 ($80.81) 107.78
$68.60
-15.11%
Add 56.36%
361,552
130,326
ARW
Arrow Electronics Inc
2025-03-31
Add
Add
+1.06%
101.93 ($110.31) 119.3
$127.43
15.52%
Add 48.49%
229,675
75,000
UPBD
Upbound Group Inc
2025-03-31
Add
Add
+1.01%
23.59 ($27.46) 30.27
$25.10
-8.59%
Add 79.51%
694,867
307,784
IDCC
InterDigital Inc
2025-03-31
Reduce
Reduce
-1.00%
171.68 ($201.31) 225.72
$224.19
11.37%
Reduce -18.85%
161,578
-37,538
VSH
Vishay Intertechnology Inc
2025-03-31
Add
Add
+0.98%
15.9 ($17.13) 19.1
$15.88
-7.30%
Add 42.25%
1,515,006
450,000
BAM
Brookfield Asset Management Ltd
2025-03-31
Reduce
Reduce
-0.96%
45.62 ($54.51) 61.36
$55.28
1.41%
Reduce -69.92%
55,915
-130,000
ALTM Unlock Delisted
Arcadium Lithium PLC
2025-03-31
Sold Out
Sold Out
-0.89%
5.16 ($5.71) 5.84
$5.84
2.28%
Sold Out
0
-1,268,658
NJR
New Jersey Resources Corp
2025-03-31
Add
Add
+0.74%
45.25 ($47.41) 49.37
$44.82
-5.46%
Add 34.53%
433,051
111,161
LFUS
Littelfuse Inc
2025-03-31
Add
Add
+0.67%
196.74 ($228.88) 255.16
$226.73
-0.94%
Add 133.26%
43,761
25,000
RLI
RLI Corp
2025-03-31
Add
Add
+0.57%
71.75 ($76.09) 81.61
$72.22
-5.09%
Add 16.13%
372,659
51,759
AAP
Advance Auto Parts Inc
2025-03-31
Reduce
Reduce
-0.52%
33.63 ($42.89) 49.79
$46.49
8.39%
Reduce -18.91%
343,013
-80,000
CNXC
Concentrix Corp
2025-03-31
Reduce
Reduce
-0.51%
42.45 ($47.89) 65.04
$52.85
10.37%
Reduce -41.06%
124,532
-86,748
AX
Axos Financial Inc
2025-03-31
Reduce
Reduce
-0.48%
61.63 ($67.83) 73.1
$76.04
12.10%
Reduce -13.39%
323,282
-50,000
CSW
CSW Industrials Inc
2025-03-31
Reduce
Reduce
-0.48%
283.77 ($324.55) 396.86
$286.83
-11.62%
Reduce -38.31%
16,100
-10,000
SYNA
Synaptics Inc
2025-03-31
Add
Add
+0.44%
61.71 ($72.47) 87.87
$64.82
-10.56%
Add 37.79%
182,326
50,000
DAR
Darling Ingredients Inc
2025-03-31
Reduce
Reduce
-0.34%
28.51 ($34.97) 41.85
$37.94
8.49%
Reduce -24.05%
231,396
-73,270
SCHL
Scholastic Corp
2025-03-31
Add
Add
+0.33%
17.86 ($20) 21.89
$20.98
4.90%
Add 41.02%
432,929
125,940
GIII
G-III Apparel Group Ltd
2025-03-31
Add
Add
+0.32%
25.34 ($29.01) 32.88
$22.40
-22.79%
Add 17.78%
562,202
84,874
HMN
Horace Mann Educators Corp
2025-03-31
Add
Add
+0.29%
36.56 ($40.2) 43.12
$42.97
6.89%
Add 13.68%
415,832
50,034
DECK
Deckers Outdoor Corp
2025-03-31
Reduce
Reduce
-0.21%
111.56 ($161.52) 223.11
$103.07
-36.19%
Reduce -23.65%
23,807
-7,375
FN
Fabrinet
2025-03-31
Add
Add
+0.21%
183.66 ($218.21) 267.24
$294.68
35.04%
Add 5.76%
140,039
7,624
IAC
IAC Inc
2025-03-31
Reduce
Reduce
-0.18%
33.77 ($36.63) 41.19
$37.29
1.80%
Reduce -7.74%
356,195
-29,887
FSBC
Five Star Bancorp
2025-03-31
Add
Add
+0.17%
27.77 ($29.79) 31.79
$28.54
-4.20%
Add 180.14%
69,738
44,844
MATV
Mativ Holdings Inc
2025-03-31
Sold Out
Sold Out
-0.14%
5.67 ($8.17) 10.97
$6.82
-16.52%
Sold Out
0
-92,197
DCO
Ducommun Inc
2025-03-31
Add
Add
+0.13%
56.57 ($63.12) 69.9
$82.63
30.91%
Add 17.73%
109,929
16,557
CSGS
CSG Systems International Inc
2025-03-31
Add
Add
+0.11%
49.81 ($59.43) 66.73
$65.32
9.91%
Add 3.55%
376,114
12,901
THS
Treehouse Foods Inc
2025-03-31
Reduce
Reduce
-0.10%
26.2 ($31.7) 35.54
$19.42
-38.74%
Reduce -11.43%
154,992
-19,995
AGCO
AGCO Corp
2025-03-31
Add
Add
+0.04%
88.82 ($97.67) 106.69
$103.16
5.62%
Add 1.85%
174,475
3,162
AGCO
AGCO Corp
2024-12-31
Add
Add
+2.00%
89.46 ($96.82) 101.89
$103.16
6.55%
Add 1051.99%
171,313
156,442
IDCC
InterDigital Inc
2024-12-31
Reduce
Reduce
-1.59%
143.19 ($175.36) 200.59
$224.19
27.85%
Reduce -27.81%
199,116
-76,720
SAIC
Science Applications International Corp
Science Applications International Corp
2024-12-31
Add
Add
+1.57%
110.11 ($131.79) 154.1
$112.66
-14.52%
Add 102.68%
201,610
102,140
AAP
Advance Auto Parts Inc
2024-12-31
Add
Add
+1.49%
35.69 ($40.77) 47.44
$46.49
14.03%
Add 119.77%
423,013
230,534
CSW
CSW Industrials Inc
2024-12-31
Reduce
Reduce
-1.34%
352.8 ($389.29) 432.01
$286.83
-26.32%
Reduce -48.92%
26,100
-25,000
ECG
Everus Construction Group Inc
2024-12-31
New Buy
New Buy
+1.26%
49 ($62.93) 73.61
$63.53
0.95%
New holding
139,479
139,479
QRVO
Qorvo Inc
2024-12-31
Add
Add
+0.95%
65.6 ($79.75) 104.58
$84.91
6.47%
Add 276.6%
136,153
100,000
SFM
Sprouts Farmers Market Inc
2024-12-31
Reduce
Reduce
-0.81%
110.69 ($133.26) 154.48
$164.61
23.53%
Reduce -16.47%
254,656
-50,229
VSH
Vishay Intertechnology Inc
2024-12-31
Add
Add
+0.77%
15.17 ($17.53) 19.41
$15.88
-9.41%
Add 45.2%
1,065,006
331,545
UGI
UGI Corp
2024-12-31
Add
Add
+0.58%
23.24 ($25.98) 30.37
$36.42
40.18%
Add 21.99%
832,135
150,000
LEVI
Levi Strauss & Co
2024-12-31
Add
Add
+0.55%
15.8 ($17.64) 21.06
$18.49
4.82%
Add 38.6%
828,700
230,780
CSGS
CSG Systems International Inc
2024-12-31
Add
Add
+0.41%
46.59 ($51.53) 56.23
$65.32
26.76%
Add 19.33%
363,213
58,827
OSK
Oshkosh Corp
2024-12-31
Add
Add
+0.26%
93.84 ($104.82) 115.52
$113.54
8.32%
Add 10.22%
215,640
20,000
ARW
Arrow Electronics Inc
2024-12-31
Add
Add
+0.23%
112.44 ($123.31) 137.14
$127.43
3.34%
Add 10.74%
154,675
15,000
DAR
Darling Ingredients Inc
2024-12-31
Add
Add
+0.23%
33 ($37.82) 43.05
$37.94
0.32%
Add 19.63%
304,666
50,000
MATV
Mativ Holdings Inc
2024-12-31
Reduce
Reduce
-0.22%
10.85 ($13.9) 17.4
$6.82
-50.94%
Reduce -49.13%
92,197
-89,036
SCHL
Scholastic Corp
2024-12-31
Reduce
Reduce
-0.21%
19.81 ($25.32) 27.84
$20.98
-17.14%
Reduce -12.54%
306,989
-44,001
UPBD
Upbound Group Inc
2024-12-31
Add
Add
+0.20%
26.73 ($31.06) 35.01
$25.10
-19.19%
Add 14.83%
387,083
50,000
LFUS
Littelfuse Inc
2024-12-31
Add
Add
+0.16%
233.99 ($249.25) 262.24
$226.73
-9.04%
Add 36.52%
18,761
5,019
CNXC
Concentrix Corp
2024-12-31
Add
Add
+0.13%
37.26 ($44.37) 52.64
$52.85
19.12%
Add 11.2%
211,280
21,285
FSBC
Five Star Bancorp
2024-12-31
New Buy
New Buy
+0.10%
28.1 ($31.38) 33.55
$28.54
-9.05%
New holding
24,894
24,894
MDU
MDU Resources Group Inc
2024-12-31
Add
Add
+0.08%
14.9 ($17.58) 20.16
$16.67
-5.18%
Add 5.87%
557,919
30,957
ALTM Unlock Delisted
Arcadium Lithium PLC
2024-12-31
Add
Add
+0.04%
2.8 ($5.14) 5.56
$5.84
13.62%
Add 4.1%
1,268,658
50,000
JBTM
JBT Marel Corp
2024-12-31
Add
Add
+0.02%
94.76 ($115.64) 131.66
$120.26
4.00%
Add 0.64%
155,262
995
AAP
Advance Auto Parts Inc
2024-09-30
New Buy
New Buy
+1.10%
38.53 ($53.02) 64.44
$46.49
-12.32%
New holding
192,479
192,479
SFM
Sprouts Farmers Market Inc
2024-09-30
Reduce
Reduce
-0.65%
80.44 ($95.38) 110.41
$164.61
72.58%
Reduce -13.83%
304,885
-48,925
AAN
The Aarons Co Inc
2024-09-30
Sold Out
Sold Out
-0.47%
9.93 ($10.02) 10.11
$10.09
0.70%
Sold Out
0
-297,054
HMN
Horace Mann Educators Corp
2024-09-30
Reduce
Reduce
-0.39%
32.13 ($34.15) 36.22
$42.97
25.83%
Reduce -17.01%
365,798
-75,000
CSW
CSW Industrials Inc
2024-09-30
Reduce
Reduce
-0.22%
263.55 ($312.13) 370.64
$286.83
-8.11%
Reduce -9.16%
51,100
-5,155
DECK
Deckers Outdoor Corp
2024-09-30
Reduce
Reduce
-0.21%
140.25 ($152.55) 162.43
$103.07
-32.44%
Reduce -21.22%
31,182
-8,400
EQC
Equity Commonwealth
2024-09-30
Add
Add
+0.18%
19.14 ($19.92) 20.41
$1.58
-92.07%
Add 18.16%
393,071
60,418
LFUS
Littelfuse Inc
2024-09-30
Add
Add
+0.17%
233.9 ($257.62) 274.34
$226.73
-11.99%
Add 45.54%
13,742
4,300
IDCC
InterDigital Inc
2024-09-30
Reduce
Reduce
-0.16%
116.28 ($131.08) 141.63
$224.19
71.03%
Reduce -3.09%
275,836
-8,790
JBTM
John Bean Technologies Corp
2024-09-30
Add
Add
+0.03%
84.93 ($92.33) 104.4
$120.26
30.25%
Add 1.48%
154,267
2,243
AEL Unlock Delisted
American Equity Investment Life Holding Co
American Equity Investment Life Holding Co
2024-06-30
Sold Out
Sold Out
-3.57%
55.1 ($55.91) 56.51
$56.47
1.00%
Sold Out
0
-408,928
DECK
Deckers Outdoor Corp
2024-06-30
Reduce
Reduce
-1.28%
133.4 ($153.85) 182.32
$103.07
-33.01%
Reduce -57.05%
39,582
-8,761
BAM
Brookfield Asset Management Ltd
2024-06-30
New Buy
New Buy
+1.12%
37.29 ($39.31) 41.97
$55.28
40.63%
New holding
185,915
185,915
ESGR
Enstar Group Ltd
2024-06-30
Add
Add
+0.84%
276.68 ($299.92) 314.83
$336.14
12.08%
Add 38.93%
62,211
17,433
MSM
MSC Industrial Direct Co Inc
2024-06-30
Add
Add
+0.81%
75.84 ($88.82) 95.95
$85.02
-4.28%
Add 33.58%
258,539
65,000
IAC
IAC Inc
2024-06-30
Add
Add
+0.80%
46.03 ($50.37) 57.66
$37.29
-25.97%
Add 38.68%
386,082
107,675
EQC
Equity Commonwealth
2024-06-30
Add
Add
+0.75%
18.45 ($19.05) 19.6
$1.58
-91.71%
Add 275.86%
332,653
244,148
JBTM
John Bean Technologies Corp
2024-06-30
Add
Add
+0.75%
88.61 ($94.34) 101.42
$120.26
27.48%
Add 48.91%
152,024
49,932
UPBD
Upbound Group Inc
2024-06-30
Add
Add
+0.47%
30.13 ($31.94) 35.01
$25.10
-21.42%
Add 40.46%
337,083
97,094
MDU
MDU Resources Group Inc
2024-06-30
Add
Add
+0.35%
23.56 ($24.93) 25.87
$16.67
-33.13%
Add 20.06%
526,962
88,044
SNX
TD Synnex Corp
2024-06-30
Reduce
Reduce
-0.35%
111.7 ($122.19) 132.85
$135.70
11.06%
Reduce -6.52%
284,230
-19,831
AX
Axos Financial Inc
2024-06-30
Add
Add
+0.32%
48.86 ($54.39) 61.8
$76.04
39.81%
Add 10.35%
373,282
35,000
VSH
Vishay Intertechnology Inc
2024-06-30
Add
Add
+0.19%
20.9 ($22.61) 24.01
$15.88
-29.77%
Add 7.84%
733,461
53,340
MTG
MGIC Investment Corp
2024-06-30
Add
Add
+0.17%
19.38 ($20.75) 21.89
$27.84
34.17%
Add 6.25%
850,202
50,000
GIII
G-III Apparel Group Ltd
2024-06-30
Add
Add
+0.13%
26.01 ($28.04) 31.3
$22.40
-20.11%
Add 6.71%
477,328
30,000
UNFI
United Natural Foods Inc
2024-06-30
Sold Out
Sold Out
-0.07%
8.82 ($11.23) 15.54
$23.31
107.57%
Sold Out
0
-41,653
FN
Fabrinet
2024-03-31
Reduce
Reduce
-1.96%
182.43 ($200.6) 225.01
$294.68
46.90%
Reduce -32.93%
132,415
-65,000
JBTM
John Bean Technologies Corp
2024-03-31
New Buy
New Buy
+1.66%
90.4 ($99.6) 105.05
$120.26
20.74%
New holding
102,092
102,092
DECK
Deckers Outdoor Corp
2024-03-31
Reduce
Reduce
-1.32%
108.72 ($138.61) 158.82
$103.07
-25.64%
Reduce -44.87%
92,148
-12,502
UNFI
United Natural Foods Inc
2024-03-31
Reduce
Reduce
-0.88%
11.4 ($14.53) 17.07
$23.31
60.43%
Reduce -89.15%
41,653
-342,152
CSW
CSW Industrials Inc
2024-03-31
Reduce
Reduce
-0.82%
202.06 ($222.87) 240.1
$286.83
28.70%
Reduce -30.77%
56,255
-25,000
ESGR
Enstar Group Ltd
2024-03-31
Add
Add
+0.73%
265.42 ($286.27) 310.76
$336.14
17.42%
Add 51.1%
44,778
15,143
MDU
MDU Resources Group Inc
2024-03-31
Add
Add
+0.61%
18.94 ($20.89) 25.2
$16.67
-20.20%
Add 54.5%
438,918
154,823
ARW
Arrow Electronics Inc
2024-03-31
Add
Add
+0.50%
108.98 ($117.05) 130.11
$127.43
8.87%
Add 21.8%
139,675
25,000
GGG
Graco Inc
2024-03-31
Reduce
Reduce
-0.43%
83.1 ($88.53) 94.64
$85.97
-2.89%
Reduce -27.64%
81,171
-31,000
CSGS
CSG Systems International Inc
2024-03-31
Add
Add
+0.32%
46.33 ($51.97) 54.79
$65.32
25.69%
Add 15.13%
304,386
40,000
LEVI
Levi Strauss & Co
2024-03-31
Add
Add
+0.29%
15.24 ($17.37) 19.99
$18.49
6.45%
Add 18.65%
597,920
93,985
KNF
Knife River Holding Co
2024-03-31
Reduce
Reduce
-0.28%
61.91 ($70.17) 81.08
$81.64
16.35%
Reduce -39.75%
40,921
-27,000
VSH
Vishay Intertechnology Inc
2024-03-31
Add
Add
+0.27%
21.15 ($22.26) 23.51
$15.88
-28.66%
Add 12.82%
680,121
77,307
UGI
UGI Corp
2024-03-31
Add
Add
+0.24%
21.92 ($24.02) 25.56
$36.42
51.62%
Add 10.18%
682,135
63,038
DAR
Darling Ingredients Inc
2024-03-31
Add
Add
+0.18%
40.69 ($44.02) 50.48
$37.94
-13.81%
Add 10.89%
254,666
25,000
MTG
MGIC Investment Corp
2024-03-31
Add
Add
+0.17%
18.93 ($19.95) 22.36
$27.84
39.55%
Add 6.66%
800,202
50,000
MATV
Mativ Holdings Inc
2024-03-31
Reduce
Reduce
-0.12%
11.3 ($14.93) 18.75
$6.82
-54.32%
Reduce -21.62%
181,233
-50,000
AAN
The Aarons Co Inc
2024-03-31
Add
Add
+0.12%
6.81 ($9.35) 11.46
$10.09
7.91%
Add 50.99%
297,054
100,315
UPBD
Upbound Group Inc
2024-03-31
Add
Add
+0.05%
32.1 ($33.4) 35.21
$25.10
-24.85%
Add 4.15%
239,989
9,571
100/Page
Total 118

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