# EDGAR Filing Document

**Accession Number:** 0001224014
**File Stem:** 0001085146-25-005022
**Filing Date:** 2025-8
**Character Count:** 9265
**Document Hash:** 6a32b652b0cc862c423745acab037fa7
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001085146-25-005022.hdr.sgml**: 20250813

**ACCESSION NUMBER**: 0001085146-25-005022

**CONFORMED SUBMISSION TYPE**: 13F-HR

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20250630

**FILED AS OF DATE**: 20250813

**DATE AS OF CHANGE**: 20250813

**EFFECTIVENESS DATE**: 20250813

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** TOWLE & CO
- **CENTRAL INDEX KEY:** 0001224014

**ORGANIZATION NAME:**
- **EIN:** 431238562
- **STATE OF INCORPORATION:** MO
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** 13F-HR
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 028-10640
- **FILM NUMBER:** 251211308

**BUSINESS ADDRESS:**
- **STREET 1:** 720 S. COLORADO BLVD.
- **STREET 2:** SUITE 730S
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80246
- **BUSINESS PHONE:** 3148220204

**MAIL ADDRESS:**
- **STREET 1:** 720 S. COLORADO BLVD.
- **STREET 2:** SUITE 730S
- **CITY:** DENVER
- **STATE:** CO
- **ZIP:** 80246

### FORM 13F COVER PAGE

**Report for the Calendar Year or Quarter Ended:** 06-30-2025

**Check here if Amendment** [ ] **Amendment Number:** 

**This Amendment (Check only one.):** [ ] is a restatement.

[ ] adds new holdings entries.

**Institutional Investment Manager Filing this Report:**

**Name:** TOWLE  CO<br>**Address:** 720 S. Colorado Blvd.<br>Suite 730S<br>DENVER, CO 80246

**Form 13F File Number:** 028-10640

**CRD Number (if applicable):** 000110862

**SEC File Number (if applicable):** 801-1662

The institutional investment manager filing this report and the person by whom it is signed hereby represent that the person signing the report is authorized to submit it, that all information contained herein is true, correct and complete, and that it is understood that all required items, statements, schedules, lists, and tables, are considered integral parts of this form.

**Person Signing this Report on Behalf of Reporting Manager:**

**Name:** Jessica Kardos<br>**Title:** Head of Investment Operations<br>**Phone:** 303-731-2494

**Signature, Place, and Date of Signing:**

/s/Jessica Kardos  Denver, CO  08-13-2025<br>[Signature]  [City, State]  [Date]

**Report Type (Check only one.):**

[x] **13F HOLDINGS REPORT.** (Check here if all holdings of this reporting manager are reported in this report.)

[ ] **13F NOTICE.** (Check here if no holdings are reported in this report, and all holdings are reported by other reporting manager(s).)

[ ] **13F COMBINATION REPORT.** (Check here if a portion of the holdings for this reporting manager are reported in this report and a portion are reported by other reporting manager(s).)

### Form 13F Summary Page

**Report Summary:**

**Number of Other Included Managers:** 0

**Form 13F Information Table Entry Total:** 56

**Form 13F Information Table Value Total:** $425206644

      (round to nearest dollar)

**List of Other Included Managers:**

Provide a numbered list of the name(s) and Form 13F file number(s) of all institutional investment managers with respect to which this report is filed, other than the manager filing this report.

[If there are no entries in this list, state “NONE” and omit the column headings and list entries.]

**NONE**

### FORM 13F INFORMATION TABLE

---

|  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | VOTING AUTHORITY | VOTING AUTHORITY | VOTING AUTHORITY |
| NAME OF ISSUER | TITLE OF CLASS | CUSIP | FIGI | VALUE (x$1000) | SHRS OR PRN AMT | SH/PRN | PUT/CALL | INVESTMENT DISCRETION | OTHER MANAGER | SOLE | SHARED | NONE |
| ADIENT PLC | ORD SHS | G0084W101 |  | 6261586 | 321767 | SH |  | SOLE |  | 321767 | 0 | 0 |
| ADVANCE AUTO PARTS INC | COM | 00751Y106 |  | 7701347 | 165656 | SH |  | SOLE |  | 165656 | 0 | 0 |
| ALASKA AIR GROUP INC | COM | 011659109 |  | 8456429 | 170906 | SH |  | SOLE |  | 170906 | 0 | 0 |
| ALBERTSONS COS INC | COMMON STOCK | 013091103 |  | 942439 | 43814 | SH |  | SOLE |  | 43814 | 0 | 0 |
| ALGOMA STL GROUP INC | COM | 015658107 |  | 10081179 | 1463161 | SH |  | SOLE |  | 1463161 | 0 | 0 |
| ALLY FINL INC | COM | 02005N100 |  | 9672376 | 248328 | SH |  | SOLE |  | 248328 | 0 | 0 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 8632165 | 76744 | SH |  | SOLE |  | 76744 | 0 | 0 |
| AMERICAN EAGLE OUTFITTERS IN | COM | 02553E106 |  | 190226 | 19774 | SH |  | SOLE |  | 19774 | 0 | 0 |
| ARCBEST CORP | COM | 03937C105 |  | 12538999 | 162823 | SH |  | SOLE |  | 162823 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 |  | 11873163 | 93174 | SH |  | SOLE |  | 93174 | 0 | 0 |
| ASBURY AUTOMOTIVE GROUP INC | COM | 043436104 |  | 9960238 | 41755 | SH |  | SOLE |  | 41755 | 0 | 0 |
| AUTONATION INC | COM | 05329W102 |  | 12371525 | 62278 | SH |  | SOLE |  | 62278 | 0 | 0 |
| AVNET INC | COM | 053807103 |  | 9536353 | 179660 | SH |  | SOLE |  | 179660 | 0 | 0 |
| BEST BUY INC | COM | 086516101 |  | 781527 | 11642 | SH |  | SOLE |  | 11642 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 9474237 | 1100376 | SH |  | SOLE |  | 1100376 | 0 | 0 |
| BLUELINX HLDGS INC | COM NEW | 09624H208 |  | 4115520 | 55331 | SH |  | SOLE |  | 55331 | 0 | 0 |
| BOISE CASCADE CO DEL | COM | 09739D100 |  | 323404 | 3725 | SH |  | SOLE |  | 3725 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 898503 | 26837 | SH |  | SOLE |  | 26837 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 8704520 | 108427 | SH |  | SOLE |  | 108427 | 0 | 0 |
| CLEARWATER PAPER CORP | COM | 18538R103 |  | 8886315 | 326223 | SH |  | SOLE |  | 326223 | 0 | 0 |
| CRACKER BARREL OLD CTRY STOR | COM | 22410J106 |  | 12098543 | 198077 | SH |  | SOLE |  | 198077 | 0 | 0 |
| CUSHMAN WAKEFIELD PLC | SHS | G2717B108 |  | 8993821 | 812450 | SH |  | SOLE |  | 812450 | 0 | 0 |
| DELEK US HLDGS INC NEW | COM | 24665A103 |  | 13708501 | 647238 | SH |  | SOLE |  | 647238 | 0 | 0 |
| DXC TECHNOLOGY CO | COM | 23355L106 |  | 7595093 | 496736 | SH |  | SOLE |  | 496736 | 0 | 0 |
| FOOT LOCKER INC | COM | 344849104 |  | 11501255 | 469439 | SH |  | SOLE |  | 469439 | 0 | 0 |
| GOODYEAR TIRE  RUBR CO | COM | 382550101 |  | 10362637 | 999290 | SH |  | SOLE |  | 999290 | 0 | 0 |
| HF SINCLAIR CORP | COM | 403949100 |  | 13065206 | 318043 | SH |  | SOLE |  | 318043 | 0 | 0 |
| HOVNANIAN ENTERPRISES INC | CL A NEW | 442487401 |  | 7287553 | 69704 | SH |  | SOLE |  | 69704 | 0 | 0 |
| INGLES MKTS INC | CL A | 457030104 |  | 675377 | 10656 | SH |  | SOLE |  | 10656 | 0 | 0 |
| JELD-WEN HLDG INC | COM | 47580P103 |  | 498016 | 127045 | SH |  | SOLE |  | 127045 | 0 | 0 |
| KYNDRYL HLDGS INC | COMMON STOCK | 50155Q100 |  | 527647 | 12575 | SH |  | SOLE |  | 12575 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 9906794 | 104304 | SH |  | SOLE |  | 104304 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 6262627 | 545525 | SH |  | SOLE |  | 545525 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 9063427 | 234743 | SH |  | SOLE |  | 234743 | 0 | 0 |
| MANPOWERGROUP INC WIS | COM | 56418H100 |  | 461610 | 11426 | SH |  | SOLE |  | 11426 | 0 | 0 |
| METALLUS INC | COM | 887399103 |  | 9805707 | 636321 | SH |  | SOLE |  | 636321 | 0 | 0 |
| METHODE ELECTRS INC | COM | 591520200 |  | 9090809 | 955921 | SH |  | SOLE |  | 955921 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 358969 | 1205 | SH |  | SOLE |  | 1205 | 0 | 0 |
| OWENS  MINOR INC NEW | COM | 690732102 |  | 6580811 | 723166 | SH |  | SOLE |  | 723166 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 17508818 | 659963 | SH |  | SOLE |  | 659963 | 0 | 0 |
| PBF ENERGY INC | CL A | 69318G106 |  | 7957007 | 367190 | SH |  | SOLE |  | 367190 | 0 | 0 |
| PETCO HEALTH  WELLNESS CO I | COM | 71601V105 |  | 9040435 | 3194500 | SH |  | SOLE |  | 3194500 | 0 | 0 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 6051514 | 1013654 | SH |  | SOLE |  | 1013654 | 0 | 0 |
| RYERSON HLDG CORP | COM | 783754104 |  | 9721923 | 450715 | SH |  | SOLE |  | 450715 | 0 | 0 |
| SEABOARD CORP DEL | COM | 811543107 |  | 818303 | 286 | SH |  | SOLE |  | 286 | 0 | 0 |
| SLEEP NUMBER CORP | COM | 83125X103 |  | 6585774 | 974948 | SH |  | SOLE |  | 974948 | 0 | 0 |
| SONIC AUTOMOTIVE INC | CL A | 83545G102 |  | 14300276 | 178910 | SH |  | SOLE |  | 178910 | 0 | 0 |
| SOUTHWEST AIRLS CO | COM | 844741108 |  | 12959131 | 399480 | SH |  | SOLE |  | 399480 | 0 | 0 |
| TERNIUM SA | SPONSORED ADS | 880890108 |  | 746299 | 24794 | SH |  | SOLE |  | 24794 | 0 | 0 |
| TITAN INTL INC ILL | COM | 88830M102 |  | 12457387 | 1212988 | SH |  | SOLE |  | 1212988 | 0 | 0 |
| TYSON FOODS INC | CL A | 902494103 |  | 13050187 | 233289 | SH |  | SOLE |  | 233289 | 0 | 0 |
| UNDER ARMOUR INC | CL A | 904311107 |  | 12139519 | 1777382 | SH |  | SOLE |  | 1777382 | 0 | 0 |
| VALERO ENERGY CORP | COM | 91913Y100 |  | 465900 | 3466 | SH |  | SOLE |  | 3466 | 0 | 0 |
| WABASH NATL CORP | COM | 929566107 |  | 10013853 | 942037 | SH |  | SOLE |  | 942037 | 0 | 0 |
| WORLD KINECT CORPORATION | COM | 981475106 |  | 9049802 | 319217 | SH |  | SOLE |  | 319217 | 0 | 0 |
| ZUMIEZ INC | COM | 989817101 |  | 3094062 | 233338 | SH |  | SOLE |  | 233338 | 0 | 0 |

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