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Adirondack Research & Management Portfolio holdings

AUM $82.2M
1-Year Est. Return 63.78%
This Fund
S&P 500
This Quarter Est. Return
-22.63%
1 Year Est. Return
+63.78%
3 Year Est. Return
+47.81%
5 Year Est. Return
+101.13%
10 Year Est. Return
–
AUM
$160M
AUM Growth
-$107M
Cap. Flow
-$41.8M
Cap. Flow %
-26.15%
Top 10 Hldgs %
29.67%
Holding
118
New
5
Increased
26
Reduced
54
Closed
20

Top Buys

Rank Stock Value
1
AA icon
Alcoa
AA
+$2.86M
2
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
+$1.28M
3
NTCT icon
NETSCOUT
NTCT
+$1.06M
4
CNDT icon
Conduent
CNDT
+$735K
5
WLKP icon
Westlake Chemical Partners
WLKP
+$694K

Top Sells

Rank Stock Value
1
CIEN icon
Ciena
CIEN
+$6.34M
2
GTN icon
Gray Television
GTN
+$3.49M
3
PAAS icon
Pan American Silver
PAAS
+$3.12M
4
CHS
Chicos FAS, Inc.
CHS
+$2.82M
5
GHL
Greenhill & Co., Inc.
GHL
+$2.8M

Sector Composition

Rank Sector Weight
1 Financials 19.38%
2 Technology 17.98%
3 Consumer Discretionary 13.52%
4 Industrials 10.54%
5 Healthcare 7.03%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
DAN icon
101
Dana Inc
DAN
$2.9B
– –
-74,300
Closed -$1.39M
FTI icon
102
TechnipFMC
FTI
$28.1B
– –
-21,587
Closed -$502K
NI icon
103
NiSource
NI
$21.3B
– –
-11,965
Closed -$298K
PAAS icon
104
Pan American Silver
PAAS
$18.2B
– –
-211,403
Closed -$3.12M
TPH
105
DELISTED
Tri Pointe Homes
TPH
– –
-179,437
Closed -$2.23M
VCIT icon
106
Vanguard Intermediate-Term Corporate Bond ETF
VCIT
$66.2B
– –
-2,505
Closed -$209K
XRX icon
107
Xerox
XRX
$387M
– –
-16,400
Closed -$442K
CHS
108
DELISTED
Chicos FAS, Inc.
CHS
– –
-325,730
Closed -$2.82M
GHL
109
DELISTED
Greenhill & Co., Inc.
GHL
– –
-106,257
Closed -$2.8M
OIG
110
DELISTED
Orbital Infrastructure Group, Inc. Common Stock
OIG
– –
-297
Closed -$26K
GCP
111
DELISTED
GCP Applied Technologies Inc.
GCP
– –
-8,815
Closed -$234K
AUTO
112
DELISTED
AutoWeb, Inc. Common Stock
AUTO
– –
-161,808
Closed -$479K
CNR
113
DELISTED
Cornerstone Building Brands, Inc.
CNR
– –
-26,390
Closed -$400K
LOGM
114
DELISTED
LogMein, Inc.
LOGM
– –
-6,102
Closed -$544K
TOWR
115
DELISTED
Tower International, Inc.
TOWR
– –
-17,064
Closed -$516K
XCRA
116
DELISTED
Xcerra Corporation
XCRA
– –
-134,941
Closed -$1.93M
AAV
117
DELISTED
Advantage Oil & Gas Ltd
AAV
– –
-772,966
Closed -$2.15M
RNWK
118
DELISTED
RealNetworks Inc
RNWK
– –
-51,155
Closed -$150K
1 2 3 4
5

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BRCA
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CIM
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SCC
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RCIM
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Adirondack Research & Management's Q4 2018 Portfolio in Review

As of Q4 2018, Adirondack Research & Management held 118 positions worth $160M, down 40% from $267M the previous quarter. Its ten largest holdings account for 30% of the portfolio.

Adirondack Research & Management withdrew a net $41.8M in Q4 2018, closing 20 positions and reducing 54 holdings. Its most notable exit was Pan American Silver, an estimated $3.12M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 16% a quarter earlier, followed by Technology and Consumer Discretionary.

Against the trend, Adirondack Research & Management opened a new position in NETSCOUT worth $995K.

  • Adirondack Research & Management's largest Q4 2018 buy was NETSCOUT: 42,100 shares worth $995K.
  • Adirondack Research & Management added most to Alcoa in Q4 2018, an estimated $2.86M increase.
  • Adirondack Research & Management's biggest Q4 2018 reduction was Ciena, cutting an estimated $6.34M.
  • Adirondack Research & Management fully exited Pan American Silver in Q4 2018, selling an estimated $3.12M.
  • Adirondack Research & Management's ten largest holdings make up 30% of its $160M portfolio in Q4 2018.
  • Adirondack Research & Management opened 5 new positions and closed 20 in Q4 2018.
  • Adirondack Research & Management's portfolio value fell 40% quarter-over-quarter to $160M.

Based on Adirondack Research & Management's 13F filing for Q4 2018, filed 8 Feb 2019.