AdFi
AF

APPLIED FUNDAMENTAL RESEARCH, LLC

SEC Registered

Applying rigor and discipline to identify mispriced equity opportunities

CAMBRIDGE, MAhttps://appliedfr.com617-360-7176
Assets Under Management
$100M–$500M
Employees
5
Office Locations
1 office
Total Accounts
7

About the firm

Applied Fundamental Research (AFR) is a privately held investment management firm based in Cambridge, Massachusetts. The firm executes a rigorous fundamental diligence process to concentrate portfolios in 10 to 20 carefully selected public companies, inviting long-term investors to compound capital in an ethical and transparent partnership.

Firm Focus

Client segments reported on the firm's SEC Form ADV — applies to all advisors at the firm.

High Net WorthPooled VehiclesPension/Profit Sharing

Areas of expertise

Fundamental ResearchEquity InvestingConcentrated PortfoliosPublic EquitiesInvestment ManagementValue Investing

Services

Investment management focused on concentrated portfolios of 10 to 20 carefully selected public companies through rigorous fundamental diligence

Private funds / alternatives
Hedge

Who they serve

Long-term investors

Client segmentClientsAssets managed
Pension/Profit Sharing Plans2$111M
State/Municipal Entities3
Insurance Companies1

0 total clients reported on Form ADV.

Leadership

Theodore H. Wagenknecht
MANAGER, MEMBER
Kevin Francis Curran
MEMBER
Theodore H. Wagenknecht
CCO

Office locations

1 office in 1 state
MA
CAMBRIDGEHQ

Advisors at this firm

2 advisors in the directory

Regulatory & compliance

CRD number
#167645
SEC Number
801-121001
Disciplinary History
No
Fee Model & Minimums
Model: AUM / Performance-based
Minimum: $1,000,000 (waivable)

Data as of April 6, 2026 · Source: SEC IAPD & FINRA BrokerCheck

Contact Information

Editorial disclosure

This profile was compiled and published by AdvisorFinder as editorial content using publicly available information from the SEC's IAPD database and FINRA BrokerCheck. APPLIED FUNDAMENTAL RESEARCH, LLC has not reviewed, approved, or endorsed this profile and is not responsible for its accuracy. Regulatory records change over time — always verify the current record directly on the SEC or FINRA websites before making any decision.

BrokerCheck data is used subject to the FINRA BrokerCheck Terms of Use. Found something inaccurate? Report inaccurate data and we will correct any error we introduced. Errors in the underlying BrokerCheck record itself are referred to FINRA, which maintains that record.

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