# EDGAR Filing Document

**Accession Number:** 0001224014
**File Stem:** 0001224014-26-000003
**Filing Date:** 2026-5
**Character Count:** 9339
**Document Hash:** 2c21dbdc5967cfb7323877eb1c69b720
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0001224014-26-000003.hdr.sgml**: 20260514

**ACCESSION NUMBER**: 0001224014-26-000003

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

**PUBLIC DOCUMENT COUNT**: 2

**CONFORMED PERIOD OF REPORT**: 20260331

**FILED AS OF DATE**: 20260514

**DATE AS OF CHANGE**: 20260514

**EFFECTIVENESS DATE**: 20260514

**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:** 26976187

**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:** 03-31-2026

**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 Trading  Operations<br>**Phone:** 303-731-2494

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

/s/Jessica Kardos  Denver, CO  05-14-2026<br>[Signature]  [City, State]  [Date]

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

[ ] **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).)

[x] **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:** 54

**Form 13F Information Table Value Total:** $257471642

      (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.]

|   No. | Name                | Form 13F File Number   |   CRD Number | SEC File Number   |
|---:|:---|:---|---:|:---|
|     1 | Empowered Funds LLC | 028-17729              |    000171412 | 801-79835         |

### 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 |  | 5216282 | 258104 | SH |  | SOLE |  | 258104 | 0 | 0 |
| ADVANSIX INC | COM | 00773T101 |  | 344406 | 14115 | SH |  | SOLE |  | 14115 | 0 | 0 |
| ALPHA METALLURGICAL RESOUR I | COM | 020764106 |  | 7825098 | 38121 | SH |  | SOLE |  | 38121 | 0 | 0 |
| AMERICAN CENTY ETF TR | US LARGE CAP VLU | 025072349 |  | 852209 | 10572 | SH |  | SOLE |  | 10572 | 0 | 0 |
| ARCBEST CORP | COM | 03937C105 |  | 7880013 | 80114 | SH |  | SOLE |  | 80114 | 0 | 0 |
| ARROW ELECTRS INC | COM | 042735100 |  | 6448144 | 44963 | SH |  | SOLE |  | 44963 | 0 | 0 |
| BLOOMIN BRANDS INC | COM | 094235108 |  | 1716449 | 317861 | SH |  | SOLE |  | 317861 | 0 | 0 |
| BLUELINX HLDGS INC | COM NEW | 09624H208 |  | 5666524 | 104587 | SH |  | SOLE |  | 104587 | 0 | 0 |
| BORGWARNER INC | COM | 099724106 |  | 7452774 | 137353 | SH |  | SOLE |  | 137353 | 0 | 0 |
| BUNGE GLOBAL SA | COM SHS | H11356104 |  | 6837636 | 53755 | SH |  | SOLE |  | 53755 | 0 | 0 |
| CAPITAL GROUP NEW GEOGRAPHY | SHS | 14021N105 |  | 459154 | 14544 | SH |  | SOLE |  | 14544 | 0 | 0 |
| CAPITOL FED FINL INC | COM | 14057J101 |  | 3395591 | 476240 | SH |  | SOLE |  | 476240 | 0 | 0 |
| COMPASS INC | CL A | 20464U100 |  | 4578509 | 626335 | SH |  | SOLE |  | 626335 | 0 | 0 |
| DELUXE CORP MEDIUM TERM NTS | COM | 248019101 |  | 7963329 | 289155 | SH |  | SOLE |  | 289155 | 0 | 0 |
| EA SERIES TRUST | TOWLE VALUE ETF | 26824D506 |  | 1598426 | 57635 | SH |  | SOLE |  | 57635 | 0 | 0 |
| EASTERN BANKSHARES INC | COM | 27627N105 |  | 3134686 | 160260 | SH |  | SOLE |  | 160260 | 0 | 0 |
| ETF OPPORTUNITIES TRUST | BROOKMONT CATAST | 26923N470 |  | 297424 | 15029 | SH |  | SOLE |  | 15029 | 0 | 0 |
| FIRST BUSEY CORP | COM NEW | 319383204 |  | 3234029 | 127979 | SH |  | SOLE |  | 127979 | 0 | 0 |
| FLUOR CORP | COM | 343412102 |  | 5678611 | 121728 | SH |  | SOLE |  | 121728 | 0 | 0 |
| FOX FACTORY HLDG CORP | COM | 35138V102 |  | 5457807 | 331580 | SH |  | SOLE |  | 331580 | 0 | 0 |
| GOLD COM INC | COM | 00181T107 |  | 8238324 | 205547 | SH |  | SOLE |  | 205547 | 0 | 0 |
| HEALTHCARE SVCS GROUP INC | COM | 421906108 |  | 4009360 | 216138 | SH |  | SOLE |  | 216138 | 0 | 0 |
| HOVNANIAN ENTERPRISES INC | CL A NEW | 442487401 |  | 6829949 | 61581 | SH |  | SOLE |  | 61581 | 0 | 0 |
| INGLES MKTS INC | CL A | 457030104 |  | 6332750 | 70450 | SH |  | SOLE |  | 70450 | 0 | 0 |
| INSPERITY INC | COM | 45778Q107 |  | 4863901 | 179878 | SH |  | SOLE |  | 179878 | 0 | 0 |
| INVESCO EXCH TRADED FD TR II | INTL BUYBACK | 46138E644 |  | 1151241 | 20462 | SH |  | SOLE |  | 20462 | 0 | 0 |
| INVESCO EXCHANGE TRADED FD T | S EQL WGT | 46137V357 |  | 2115150 | 11021 | SH |  | SOLE |  | 11021 | 0 | 0 |
| ISHARES TR | MSCI INTL VLU FT | 46435G409 |  | 1613428 | 40661 | SH |  | SOLE |  | 40661 | 0 | 0 |
| J P MORGAN EXCHANGE TRADED F | INCOME ETF | 46641Q159 |  | 1377309 | 29896 | SH |  | SOLE |  | 29896 | 0 | 0 |
| LEAR CORP | COM NEW | 521865204 |  | 6795373 | 56123 | SH |  | SOLE |  | 56123 | 0 | 0 |
| LEGGETT  PLATT INC | COM | 524660107 |  | 5953609 | 602592 | SH |  | SOLE |  | 602592 | 0 | 0 |
| LIBERTY ENERGY INC | COM CL A | 53115L104 |  | 7679549 | 266651 | SH |  | SOLE |  | 266651 | 0 | 0 |
| LITMAN GREGORY FDS TR | IMGP DBI MANAGED | 53700T827 |  | 290767 | 9644 | SH |  | SOLE |  | 9644 | 0 | 0 |
| MAGNA INTL INC | COM | 559222401 |  | 7257923 | 130047 | SH |  | SOLE |  | 130047 | 0 | 0 |
| METHODE ELECTRS INC | COM | 591520200 |  | 3968035 | 718847 | SH |  | SOLE |  | 718847 | 0 | 0 |
| MOLINA HEALTHCARE INC | COM | 60855R100 |  | 3713338 | 27857 | SH |  | SOLE |  | 27857 | 0 | 0 |
| NOV INC | COM | 62955J103 |  | 6252839 | 332421 | SH |  | SOLE |  | 332421 | 0 | 0 |
| OSCAR HEALTH INC | CL A | 687793109 |  | 3194269 | 278489 | SH |  | SOLE |  | 278489 | 0 | 0 |
| OSHKOSH CORP | COM | 688239201 |  | 6723964 | 45676 | SH |  | SOLE |  | 45676 | 0 | 0 |
| PAR PAC HOLDINGS INC | COM NEW | 69888T207 |  | 7282714 | 116263 | SH |  | SOLE |  | 116263 | 0 | 0 |
| PBF ENERGY INC | CL A | 69318G106 |  | 11857142 | 248995 | SH |  | SOLE |  | 248995 | 0 | 0 |
| PEABODY ENGR CORP | COM | 704551100 |  | 6542783 | 198567 | SH |  | SOLE |  | 198567 | 0 | 0 |
| PROPETRO HLDG CORP | COM | 74347M108 |  | 9746967 | 676403 | SH |  | SOLE |  | 676403 | 0 | 0 |
| PROSPERITY BANCSHARES INC | COM | 743606105 |  | 3053936 | 45459 | SH |  | SOLE |  | 45459 | 0 | 0 |
| RYERSON HLDG CORP | COM | 783754104 |  | 5646751 | 251190 | SH |  | SOLE |  | 251190 | 0 | 0 |
| STEPAN CO | COM | 858586100 |  | 5294881 | 105940 | SH |  | SOLE |  | 105940 | 0 | 0 |
| TD SYNNEX CORPORATION | COM | 87162W100 |  | 6431563 | 38122 | SH |  | SOLE |  | 38122 | 0 | 0 |
| UNITED NAT FOODS INC | COM | 911163103 |  | 9608639 | 213241 | SH |  | SOLE |  | 213241 | 0 | 0 |
| VANGUARD BD INDEX FDS | TOTAL BND MRKT | 921937835 |  | 2260085 | 30691 | SH |  | SOLE |  | 30691 | 0 | 0 |
| VANGUARD CHARLOTTE FDS | TOTAL INT BD ETF | 92203J407 |  | 683415 | 14223 | SH |  | SOLE |  | 14223 | 0 | 0 |
| WABASH NATL CORP | COM | 929566107 |  | 5290241 | 613717 | SH |  | SOLE |  | 613717 | 0 | 0 |
| WISDOMTREE TR | INTL SMCAP DIV | 97717W760 |  | 1422664 | 17456 | SH |  | SOLE |  | 17456 | 0 | 0 |
| WISDOMTREE TR | US LARGECAP FUND | 97717W588 |  | 2643077 | 38806 | SH |  | SOLE |  | 38806 | 0 | 0 |
| ZUMIEZ INC | COM | 989817101 |  | 5308605 | 239558 | SH |  | SOLE |  | 239558 | 0 | 0 |

---