Fuller & Thaler Asset Management, Inc.
Fuller & Thaler Asset Management, Inc. is a 100% employee-owned asset management firm headquartered in San Mateo, California. Founded in 1993, the firm specializes in providing U.S. equity investment management services with a unique focus on behavioral finance, serving institutional clients such as pension funds, corporations, and intermediaries. As of 2025, it employs approximately 27 people.
Investment Strategy
Fuller & Thaler applies principles from behavioral finance to identify and exploit market inefficiencies in U.S. equity markets. The firm concentrates on long-only investment strategies, emphasizing the systematic application of behavioral insights rather than purely quantitative or traditional fundamental approaches. Strategies are customized to client requirements, such as investment restrictions or expanded security universes, aiming to provide measurable value by overcoming common behavioral biases in investment decision-making.
Top Holdings
Equity Positions (593)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
K KEY | Keycorp | 2.12% | $581.6M | 33,388,615 | $13.42 | $17.42 | +$93.7M |
C CFG | Citizens Financial Group Inc | 1.76% | $482.9M | 10,792,138 | $34.53 | $44.75 | +$57.7M |
D DOC | Healthpeak Properties Inc | 1.48% | $405.1M | 23,136,464 | $18.53 | $17.51 | +$33.1M |
E EXEL | Exelixis Inc | 1.41% | $386.8M | 8,775,572 | $27.54 | $44.08 | +$99.0M |
G GPK | Graphic Packaging Holding Co | 1.39% | $379.7M | 18,019,462 | $18.82 | $21.07 | +$248.9K |