CPI Aerostructures
CVU on NYSEAmerican. Market value $68m.
Should I look at this?
We have not checked this company yet
This is not advice.
Who owns it
1 long-term investor we follow owns it, unchanged from 1 last quarter. 37 funds in all.
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Royce & AssociatesChuck Royce | $4m | <0.1% | Added |
Largest holders overall
- Royce & Associates$4mAdded
- Vanguard Capital Management$2m
- LPL Financial$1mCut
- Geode Capital Management$641,838Added
- Kornitzer Capital Management$568,305Cut
- Jane Street Group$507,982Added
- Dimensional Fund Advisors LP$473,333Added
- State Street$389,094
- Vanguard Fiduciary Trust$359,942
- NewEdge Advisors$336,306Added
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
4 investors own more than 5%.
- JOHN CURTIS RUDOLFPassive investor7.2%Since 31 December 2024
- Royce & AssociatesPassive investor6.3%+1.9 ptsSince 30 June 2026
- STRONG RICHARD SPassive investorat least 5.0%−1.8 pts(filed with 1 related holder)Since 30 June 2026
- Paul PackerPassive investorat least 4.5%(filed with 4 related holders)Since 31 December 2024
| Holder | Stake | Since | |
|---|---|---|---|
JOHN CURTIS RUDOLF Passive investor | 7.2% | 31 December 2024 | |
Royce & Associates Passive investor | 6.3%+1.9 pts | 30 June 2026 | |
STRONG RICHARD S Passive investor | at least 5.0%−1.8 pts (filed with 1 related holder) | 30 June 2026 | |
Paul Packer Passive investor | at least 4.5% (filed with 4 related holders) | 31 December 2024 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
No insider bought or sold on the open market in the last 12 months.
From Form 4 filings: insiders must report trades in their own company's shares within two days.
Warning signs in its filings
Problems the company itself reported to the SEC, in its own words.
None of the serious warning signs we check for were found. 1 thing worth knowing.
We look for five warning signs: doubt it can keep going, weak checks on its own accounts, a notice that its past accounts can't be relied on, a change of auditor, and one customer bringing in a big share of sales. We don't check lawsuits, investigations or debt yet.
We checked the auditor's report, internal controls, restatement notices, auditor changes and big customers in the 10-K filed 31 Mar 2026, plus the 10-Q filed 13 Aug 2026 and 4 later 8-Ks.
One big customer
Worth knowingOne customer brings in a big share of sales: 38% last year. Losing that customer would hurt.
“These significant customers – Raytheon, Sikorsky, Lockheed Martin, and the United States Air Force – constituted approximately 38%, 20%, 11% and 11%, respectively, of our 2025 revenue.”
From the 10-K filed 31 March 2026, Item 1A. Risk Factors. Read it in the filing
A 10-K is the yearly report every US company files with the SEC. An 8-K is a short notice of a big event.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.