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2L
22NW LP Portfolio holdings
AUM
$146M
1-Year Est. Return
29.83%
This Fund
S&P 500
This Quarter
Est. Return
+11.66%
1 Year Est. Return
+29.83%
3 Year Est. Return
+131.37%
5 Year Est. Return
+199.25%
10 Year Est. Return
–
AUM
$140M
AUM Growth
-$19.8M
(-12%)
Cap. Flow
-$32.3M
Cap. Flow
% of AUM
-22.99%
Top 10 Holdings %
Top 10 Hldgs %
91.41%
Holding
15
New
1
Increased
2
Reduced
4
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LIAN
LianBio American Depositary Shares
LIAN
|
+$3.94M |
| 2 |
SSKN
Strata Skin Sciences
SSKN
|
+$1.48M |
| 3 |
PMD
Psychemedics Corporation
PMD
|
+$1.22M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Sterling Infrastructure
STRL
|
+$16.2M |
| 2 |
Barrett Business Services
BBSI
|
+$7.24M |
| 3 |
DRTT
DIRTT Environmental Solutions Ltd. Common Shares
DRTT
|
+$5.66M |
| 4 |
Orion
OEC
|
+$5.51M |
| 5 |
Manitowoc
MTW
|
+$4.27M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 47.25% |
| 2 | Healthcare | 25.87% |
| 3 | Materials | 11.17% |
| 4 | Consumer Discretionary | 4.82% |
| 5 | Consumer Staples | 3.59% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Sterling Infrastructure
STRL
$20.3B
| $27.1M | 19.33% |
369,222
-231,979
| -39% | -$16.2M |
|
2
Foster
FSTR
$443M
| $24.8M | 17.69% |
1,313,121
| – | – |
|
|
3
Orion
OEC
$394M
| $15.7M | 11.17% |
736,472
-252,236
| -26% | -$5.51M |
|
|
ANEB
4
DELISTED
Anebulo Pharmaceuticals
ANEB
| $15.5M | 11.03% |
5,066,290
| – | – |
|
5
Lifecore Biomedical
LFCR
$162M
| $13.3M | 9.44% |
1,755,161
| – | – |
|
|
6
Barrett Business Services
BBSI
$976M
| $9M | 6.41% |
398,744
-313,948
| -44% | -$7.24M |
|
7
Culp Inc
CULP
$45M
| $6.77M | 4.82% |
1,212,380
| – | – |
|
8
PUT
Coinbase
COIN
$41.7B
| $5.76M | 4.11% |
2,310
| – | – |
|
|
9
Manitowoc
MTW
$516M
| $5.36M | 3.82% |
356,115
-254,943
| -42% | -$4.27M |
|
|
FARM
10
DELISTED
Farmer Brothers
FARM
| $5.05M | 3.59% |
1,955,526
| – | – |
|
11
PhenixFIN
PFX
$83.9M
| $4.47M | 3.19% |
117,885
| – | – |
|
|
LIAN
12
DELISTED
LianBio American Depositary Shares
LIAN
| $3.3M | 2.35% |
2,211,678
+2,070,455
| +1,466% | +$3.94M |
|
|
SSKN
13
DELISTED
Strata Skin Sciences
SSKN
| $3.2M | 2.28% |
536,995
+193,069
| +56% | +$1.48M |
|
|
PMD
14
DELISTED
Psychemedics Corporation
PMD
| $1.09M | 0.78% |
+274,418
| New | +$1.22M |
|
|
DRTT
15
DELISTED
DIRTT Environmental Solutions Ltd. Common Shares
DRTT
| – | – |
-21,356,410
| Closed | -$5.66M |
|
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SCM
AWM
AGP
SIM
AC
ECM
22NW LP's Q3 2023 Portfolio in Review
As of Q3 2023, 22NW LP held 15 positions worth $140M, down 12% from $160M the previous quarter. Its ten largest holdings account for 91% of the portfolio.
22NW LP withdrew a net $32.3M in Q3 2023, closing 1 position and reducing 4 holdings. Its most notable exit was DIRTT Environmental Solutions Ltd. Common Shares, an estimated $5.66M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 47% of assets, down from 50% a quarter earlier, followed by Healthcare and Materials.
Against the trend, 22NW LP opened a new position in Psychemedics Corporation worth $1.09M.
- 22NW LP's largest Q3 2023 buy was Psychemedics Corporation: 274,418 shares worth $1.09M.
- 22NW LP added most to LianBio American Depositary Shares in Q3 2023, an estimated $3.94M increase.
- 22NW LP's biggest Q3 2023 reduction was Sterling Infrastructure, cutting an estimated $16.2M.
- 22NW LP fully exited DIRTT Environmental Solutions Ltd. Common Shares in Q3 2023, selling an estimated $5.66M.
- 22NW LP's ten largest holdings make up 91% of its $140M portfolio in Q3 2023.
- 22NW LP opened 1 new position and closed 1 in Q3 2023.
- 22NW LP's portfolio value fell 12% quarter-over-quarter to $140M.
Based on 22NW LP's 13F filing for Q3 2023, filed 14 Nov 2023.