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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
-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
MDRX
1
DELISTED
Veradigm Inc. Common Stock
MDRX
$4.76M 4.16%
433,920
-10,000
-2% -$103K
COOP
2
DELISTED
Mr. Cooper
COOP
$3.78M 3.3%
356,344
-22,600
-6% -$203K
NWLI
3
DELISTED
National Western Life Group, Inc. Class A
NWLI
$3.69M 3.22%
13,766
-3,744
-21% -$986K
CVA
4
DELISTED
Covanta Holding Corporation
CVA
$3.63M 3.17%
210,121
-47,744
-19% -$823K
TGI
5
DELISTED
Triumph Group
TGI
$3.54M 3.09%
154,719
-26,964
-15% -$617K
CLS icon
6
Celestica
CLS
$38.5B
$3.4M 2.96%
473,632
+48,800
+11% +$335K
VG
7
DELISTED
Vonage Holdings Corporation
VG
$3.4M 2.96%
300,519
-111,900
-27% -$1.42M
ADTN icon
8
Adtran
ADTN
$822M
$3.36M 2.93%
296,055
– –
SEB icon
9
Seaboard Corp
SEB
$4.43B
$3.31M 2.89%
757
+15
+2% +$61.2K
CNO icon
10
CNO Financial Group
CNO
$4.91B
$2.94M 2.57%
185,751
+5,554
+3% +$87.8K
ASC icon
11
Ardmore Shipping
ASC
$677M
$2.74M 2.39%
409,138
-1,199
-0.3% -$8.4K
PDCO
12
CALL
DELISTED
Patterson Companies, Inc.
PDCO
$2.73M 2.38%
153,221
+1,691
+1% +$31.6K
STC icon
13
Stewart Information Services
STC
$1.95B
$2.37M 2.07%
61,208
– –
AA icon
14
Alcoa
AA
$11.9B
$2.24M 1.96%
111,620
– –
CLF icon
15
Cleveland-Cliffs
CLF
$6.25B
$2.17M 1.9%
300,656
+5,000
+2% +$45K
LYTS icon
16
LSI Industries
LYTS
$860M
$2.14M 1.87%
409,837
+5,000
+1% +$21.3K
ODP
17
DELISTED
ODP
ODP
$2.02M 1.76%
114,888
-1,000
-0.9% -$17.2K
OI icon
18
O-I Glass
OI
$1.37B
$2.01M 1.75%
195,723
-71,556
-27% -$923K
GTN icon
19
Gray Television
GTN
$400M
$1.99M 1.74%
122,155
+38,500
+46% +$633K
GNW icon
20
Genworth Financial
GNW
$3.8B
$1.99M 1.74%
451,736
– –
LAZ icon
21
Lazard
LAZ
$4.24B
$1.98M 1.73%
+56,647
New +$2.01M
MTG icon
22
MGIC Investment
MTG
$6.12B
$1.96M 1.71%
155,382
-43,300
-22% -$559K
JBLU icon
23
JetBlue
JBLU
$1.86B
$1.78M 1.55%
106,005
-36,000
-25% -$653K
INFN
24
DELISTED
Infinera Corporation Common Stock
INFN
$1.75M 1.53%
321,793
-12,197
-4% -$53.6K
CNDT icon
25
Conduent
CNDT
$226M
$1.71M 1.49%
275,009
+47,200
+21% +$365K
1
2 3 4 5

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CAM
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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.