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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
-1.42%
1 Year Est. Return
+63.78%
3 Year Est. Return
+47.81%
5 Year Est. Return
+101.13%
10 Year Est. Return
–
AUM
$115M
AUM Growth
-$24.9M
Cap. Flow
-$18M
Cap. Flow %
-15.71%
Top 10 Hldgs %
31.27%
Holding
107
New
7
Increased
22
Reduced
45
Closed
11

Top Buys

Rank Stock Value
1
LAZ icon
Lazard
LAZ
+$2.01M
2
VSTO
Vista Outdoor Inc.
VSTO
+$1.65M
3
REGI
Renewable Energy Group, Inc.
REGI
+$1.48M
4
HZN
Horizon Global Corporation
HZN
+$1.04M
5
KEM
KEMET Corporation
KEM
+$876K

Top Sells

Rank Stock Value
1
OAK
OAKTREE CAPITAL GROUP, LLC
OAK
+$3.06M
2
HIVE
Aerohive Networks
HIVE
+$2.98M
3
MFA
MFA Financial
MFA
+$2.94M
4
VG
Vonage Holdings Corporation
VG
+$1.42M
5
SANM icon
Sanmina
SANM
+$1.4M

Sector Composition

Rank Sector Weight
1 Financials 18.85%
2 Technology 17.98%
3 Industrials 15.71%
4 Materials 7.81%
5 Consumer Discretionary 7.77%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
VRRM icon
101
Verra Mobility
VRRM
$852M
– –
-58,420
Closed -$765K
OAK
102
DELISTED
OAKTREE CAPITAL GROUP, LLC
OAK
– –
-61,745
Closed -$3.06M
HIVE
103
DELISTED
Aerohive Networks
HIVE
– –
-671,480
Closed -$2.98M
TST
104
DELISTED
TheStreet, Inc.
TST
– –
-32,000
Closed -$196K
COWN
105
DELISTED
Cowen Inc. Class A Common Stock
COWN
– –
-50,135
Closed -$862K
FLY
106
DELISTED
Fly Leasing Limited
FLY
– –
-14,021
Closed -$244K
ESV
107
DELISTED
Ensco Rowan plc
ESV
– –
-116,971
Closed -$998K
1 2 3 4
5

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BRCA
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CIM
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SCC
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TG
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RCIM
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MRCP
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Adirondack Research & Management's Q3 2019 Portfolio in Review

As of Q3 2019, Adirondack Research & Management held 107 positions worth $115M, down 18% from $139M the previous quarter. Its ten largest holdings account for 31% of the portfolio.

Adirondack Research & Management withdrew a net $18M in Q3 2019, closing 11 positions and reducing 45 holdings. Its most notable exit was OAKTREE CAPITAL GROUP, LLC, an estimated $3.06M position sold in full.

By sector, the portfolio is most concentrated in Financials at 19% of assets, up from 15% a quarter earlier, followed by Technology and Industrials.

Against the trend, Adirondack Research & Management opened a new position in Lazard worth $1.98M.

  • Adirondack Research & Management's largest Q3 2019 buy was Lazard: 56,647 shares worth $1.98M.
  • Adirondack Research & Management added most to Gray Television in Q3 2019, an estimated $633K increase.
  • Adirondack Research & Management's biggest Q3 2019 reduction was Vonage Holdings Corporation, cutting an estimated $1.42M.
  • Adirondack Research & Management fully exited OAKTREE CAPITAL GROUP, LLC in Q3 2019, selling an estimated $3.06M.
  • Adirondack Research & Management's ten largest holdings make up 31% of its $115M portfolio in Q3 2019.
  • Adirondack Research & Management opened 7 new positions and closed 11 in Q3 2019.
  • Adirondack Research & Management's portfolio value fell 18% quarter-over-quarter to $115M.

Based on Adirondack Research & Management's 13F filing for Q3 2019, filed 4 Nov 2019.