Alex Roepers Atlantic Investment Management
Alex Roepers is the founder of Atlantic Investment Management, a firm specializing in concentrated, often activist or engaged investments in undervalued companies. The approach typically involves deep operational analysis and a willingness to work with managements to improve capital allocation. Roepers’s filings are tracked by investors interested in small- and mid-cap special situations.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goodyear
GT
|
+$107M |
| 2 |
WCC
WESCO International
WCC
|
+$89.7M |
| 3 |
FMC
FMC
|
+$82.4M |
| 4 |
IM
Ingram Micro
IM
|
+$75.1M |
| 5 |
AXE
Anixter International Inc
AXE
|
+$7.33M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oil States International
OIS
|
+$139M |
| 2 |
TGI
Triumph Group
TGI
|
+$30.5M |
| 3 |
Alaska Air
ALK
|
+$18.3M |
| 4 |
BGC
General Cable Corporation
BGC
|
+$16.4M |
| 5 |
Enviri
NVRI
|
+$16.2M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 38.53% |
| 2 | Industrials | 33.69% |
| 3 | Materials | 19.07% |
| 4 | Technology | 8.71% |
| 5 | Energy | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
O-I Glass
OI
$1.1B
| $292M | 20.21% |
12,713,088
+163,088
| +1% | +$3.97M |
|
|
TGI
2
DELISTED
Triumph Group
TGI
| $279M | 19.34% |
4,229,704
-470,296
| -10% | -$30.5M |
|
|
3
FMC
FMC
$1.38B
| $275M | 19.07% |
6,040,195
+1,658,795
| +38% | +$82.4M |
|
|
4
Goodyear
GT
$1.72B
| $223M | 15.47% |
7,404,914
+3,604,914
| +95% | +$107M |
|
|
WCC
5
WESCO International
WCC
$17B
| $154M | 10.69% |
2,248,553
+1,250,971
| +125% | +$89.7M |
|
|
IM
6
DELISTED
Ingram Micro
IM
| $126M | 8.71% |
5,020,803
+2,870,803
| +134% | +$75.1M |
|
7
Terex
TEX
$7.6B
| $21M | 1.46% |
903,771
-66,323
| -7% | -$1.75M |
|
|
AXE
8
DELISTED
Anixter International Inc
AXE
| $16.5M | 1.14% |
252,733
+103,467
| +69% | +$7.33M |
|
9
Aecom
ACM
$8.34B
| $15.3M | 1.06% |
463,750
+19,430
| +4% | +$641K |
|
10
Lear
LEA
$8.56B
| $14.1M | 0.98% |
125,816
-3,939
| -3% | -$452K |
|
11
Magna International
MGA
$19.5B
| $14.1M | 0.98% |
251,668
-7,970
| -3% | -$443K |
|
|
DCH
12
Dauch Corp
DCH
$1.63B
| $12.9M | 0.9% |
618,584
-9,216
| -1% | -$223K |
|
|
13
Alaska Air
ALK
$4.51B
| $193 | ﹤0.01% |
3
-283,784
| -100% | -$18.3M |
|
|
14
Enviri
NVRI
$582M
| – | – |
-940,410
| Closed | -$16.2M |
|
|
15
Oil States International
OIS
$522M
| – | – |
-3,500,000
| Closed | -$139M |
|
16
Timken Company
TKR
$8.67B
| – | – |
-305,096
| Closed | -$12.9M |
|
|
BGC
17
DELISTED
General Cable Corporation
BGC
| – | – |
-953,024
| Closed | -$16.4M |
|
|
CYT
18
DELISTED
CYTEC INDS INC
CYT
| – | – |
-238,500
| Closed | -$12.9M |
|
Similar funds
Alex Roepers's Q2 2015 Portfolio in Review
As of Q2 2015, Alex Roepers held 18 positions worth $1.44B, up 8.6% from $1.33B the previous quarter. Its ten largest holdings account for 98% of the portfolio.
Alex Roepers deployed $117M of net new capital in Q2 2015, adding to 7 existing holdings.
By sector, the portfolio is most concentrated in Consumer Discretionary at 39% of assets, up from 33% a quarter earlier, followed by Industrials and Materials.
On the sell side, the largest reduction was Triumph Group, an estimated $30.5M trimmed.
- Alex Roepers added most to Goodyear in Q2 2015, an estimated $107M increase.
- Alex Roepers's biggest Q2 2015 reduction was Triumph Group, cutting an estimated $30.5M.
- Alex Roepers fully exited Oil States International in Q2 2015, selling an estimated $139M.
- Alex Roepers's ten largest holdings make up 98% of its $1.44B portfolio in Q2 2015.
- Alex Roepers opened 0 new positions and closed 5 in Q2 2015.
- Alex Roepers's portfolio value rose 8.6% quarter-over-quarter to $1.44B.
Based on Atlantic Investment Management's 13F filing for Q2 2015, filed 17 Aug 2015.