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ARM

Adirondack Research & Management Portfolio holdings

AUM $82.2M
1-Year Est. Return 63.78%
This Fund
S&P 500
This Quarter Est. Return
+12.66%
1 Year Est. Return
+63.78%
3 Year Est. Return
+47.81%
5 Year Est. Return
+101.13%
10 Year Est. Return
–
AUM
$277M
AUM Growth
+$10.4M
Cap. Flow
-$18M
Cap. Flow %
-6.51%
Top 10 Hldgs %
23.84%
Holding
117
New
5
Increased
29
Reduced
37
Closed
9

Top Buys

Rank Stock Value
1
MTG icon
MGIC Investment
MTG
+$4.17M
2
TTI icon
TETRA Technologies
TTI
+$2.05M
3
NMIH icon
NMI Holdings
NMIH
+$1.46M
4
OI icon
O-I Glass
OI
+$1.25M
5
MDRX
Veradigm Inc. Common Stock
MDRX
+$900K

Top Sells

Rank Stock Value
1
MESG
XURA INC COM (DE)
MESG
+$4.97M
2
SIGI icon
Selective Insurance
SIGI
+$4.09M
3
SUP
Superior Industries International
SUP
+$3.45M
4
NPTN
NEOPHOTONICS CORP
NPTN
+$2.87M
5
NSM
Nationstar Mortgage Holdings
NSM
+$2.53M

Sector Composition

Rank Sector Weight
1 Technology 17.5%
2 Financials 16.56%
3 Consumer Discretionary 16.31%
4 Industrials 13.22%
5 Communication Services 7.33%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BUSE icon
101
First Busey Corp
BUSE
$2.6B
$274K 0.1%
12,113
+3
+0% +$69
GCP
102
DELISTED
GCP Applied Technologies Inc.
GCP
$250K 0.09%
8,845
-8,845
-50% -$246K
JNJ icon
103
Johnson & Johnson
JNJ
$617B
$237K 0.09%
2,010
-200
-9% -$24.3K
AP icon
104
Ampco-Pittsburgh
AP
$169M
$195K 0.07%
17,581
-11
-0.1% -$129
PGEM
105
DELISTED
Ply Gem Holdings, Inc.
PGEM
$158K 0.06%
11,790
-15
-0.1% -$217
QUIK icon
106
QuickLogic
QUIK
$228M
$17K 0.01%
+1,557
New +$19.4K
OFIX icon
107
Orthofix Medical
OFIX
$477M
– –
-53,944
Closed -$2.29M
TECK icon
108
Teck Resources
TECK
$30.7B
– –
-12,750
Closed -$168K
TG icon
109
Tredegar Corp
TG
$262M
– –
-80,234
Closed -$1.29M
TGI
110
DELISTED
Triumph Group
TGI
– –
-12,348
Closed -$438K
BRCD
111
DELISTED
Brocade Communications Systems, Inc. NEW
BRCD
– –
-35,087
Closed -$322K
YHOO
112
DELISTED
Yahoo Inc
YHOO
– –
-6,125
Closed -$230K
MESG
113
DELISTED
XURA INC COM (DE)
MESG
– –
-203,303
Closed -$4.97M
FMER
114
DELISTED
FIRSTMERIT CORP
FMER
– –
-41,906
Closed -$849K
CPGX
115
DELISTED
COLUMBIA PIPELINE GROUP IN COM STK (DE)
CPGX
– –
-7,975
Closed -$203K
1 2 3 4
5

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RCIM
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Adirondack Research & Management's Q3 2016 Portfolio in Review

As of Q3 2016, Adirondack Research & Management held 117 positions worth $277M, up 3.9% from $267M the previous quarter. Its ten largest holdings account for 24% of the portfolio.

Adirondack Research & Management withdrew a net $18M in Q3 2016, closing 9 positions and reducing 37 holdings. Its most notable exit was XURA INC COM (DE), an estimated $4.97M position sold in full.

By sector, the portfolio is most concentrated in Technology at 17% of assets, up from 17% a quarter earlier, followed by Financials and Consumer Discretionary.

Against the trend, Adirondack Research & Management opened a new position in MGIC Investment worth $4.49M.

  • Adirondack Research & Management's largest Q3 2016 buy was MGIC Investment: 561,400 shares worth $4.49M.
  • Adirondack Research & Management added most to TETRA Technologies in Q3 2016, an estimated $2.05M increase.
  • Adirondack Research & Management's biggest Q3 2016 reduction was Selective Insurance, cutting an estimated $4.09M.
  • Adirondack Research & Management fully exited XURA INC COM (DE) in Q3 2016, selling an estimated $4.97M.
  • Adirondack Research & Management's ten largest holdings make up 24% of its $277M portfolio in Q3 2016.
  • Adirondack Research & Management opened 5 new positions and closed 9 in Q3 2016.
  • Adirondack Research & Management's portfolio value rose 3.9% quarter-over-quarter to $277M.

Based on Adirondack Research & Management's 13F filing for Q3 2016, filed 10 Nov 2016.