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 |
Huntsman Corp
HUN
|
+$107M |
| 2 |
ARRS
ARRIS International plc Ordinary Shares
ARRS
|
+$42.4M |
| 3 |
DBD
Diebold Nixdorf Incorporated
DBD
|
+$24.7M |
| 4 |
VISN
Vistance Networks Inc
VISN
|
+$19M |
| 5 |
Eastman Chemical
EMN
|
+$11.1M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
HAR
Harman International Industries
HAR
|
+$115M |
| 2 |
TGI
Triumph Group
TGI
|
+$41.3M |
| 3 |
O-I Glass
OI
|
+$31.2M |
| 4 |
Goodyear
GT
|
+$11.9M |
| 5 |
CSC
Computer Sciences
CSC
|
+$9.52M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 47.37% |
| 2 | Materials | 26.5% |
| 3 | Consumer Discretionary | 23.48% |
| 4 | Industrials | 2.19% |
| 5 | Consumer Staples | 0.45% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
O-I Glass
OI
$1.1B
| $200M | 20.6% |
8,381,360
-1,418,640
| -14% | -$31.2M |
|
|
DBD
2
DELISTED
Diebold Nixdorf Incorporated
DBD
| $168M | 17.26% |
6,000,000
+891,298
| +17% | +$24.7M |
|
|
VISN
3
Vistance Networks Inc
VISN
$2.59B
| $162M | 16.67% |
4,265,989
+492,233
| +13% | +$19M |
|
|
4
Eastman Chemical
EMN
$8.47B
| $143M | 14.68% |
1,701,345
+137,915
| +9% | +$11.1M |
|
|
ARRS
5
DELISTED
ARRIS International plc Ordinary Shares
ARRS
| $120M | 12.33% |
4,280,759
+1,543,401
| +56% | +$42.4M |
|
|
6
Huntsman Corp
HUN
$1.75B
| $112M | 11.5% |
+4,330,700
| New | +$107M |
|
7
Magna International
MGA
$19.5B
| $8.03M | 0.83% |
173,356
-148,546
| -46% | -$6.45M |
|
|
LKSD
8
DELISTED
LSC Communications, Inc.
LKSD
| $7.61M | 0.78% |
355,388
+206,301
| +138% | +$4.71M |
|
|
BRSL
9
Brightstar Lottery PLC
BRSL
$2.21B
| $7.54M | 0.78% |
412,247
+297,247
| +258% | +$6.08M |
|
|
TGI
10
DELISTED
Triumph Group
TGI
| $7.39M | 0.76% |
233,993
-1,484,990
| -86% | -$41.3M |
|
|
SCS
11
DELISTED
Steelcase
SCS
| $6.83M | 0.7% |
487,643
-24,505
| -5% | -$404K |
|
12
Avnet
AVT
$7.27B
| $6.14M | 0.63% |
+158,000
| New | +$6.26M |
|
13
DXC Technology
DXC
$1.73B
| $4.69M | 0.48% |
+70,651
| New | +$4.69M |
|
14
Babcock & Wilcox
BW
$1.23B
| $4.54M | 0.47% |
38,606
-65,394
| -63% | -$6.75M |
|
15
Nomad Foods
NOMD
$1.65B
| $4.41M | 0.45% |
312,368
+64,600
| +26% | +$826K |
|
16
Adient
ADNT
$1.54B
| $3.27M | 0.34% |
+50,000
| New | +$3.4M |
|
|
KS
17
DELISTED
KapStone Paper and Pack Corp.
KS
| $3.1M | 0.32% |
+150,000
| New | +$3.23M |
|
|
DCH
18
Dauch Corp
DCH
$1.63B
| $2.34M | 0.24% |
+150,000
| New | +$2.44M |
|
19
ZTO Express
ZTO
$16.2B
| $1.78M | 0.18% |
127,400
+77,400
| +155% | +$1.07M |
|
20
Belden
BDC
$4.79B
| – | – |
-67,886
| Closed | -$4.7M |
|
|
21
Goodyear
GT
$1.72B
| – | – |
-330,000
| Closed | -$11.9M |
|
22
Micron Technology
MU
$1.09T
| – | – |
-153,122
| Closed | -$4.42M |
|
|
ODP
23
DELISTED
ODP
ODP
| – | – |
-123,382
| Closed | -$5.76M |
|
24
Ralph Lauren
RL
$22.2B
| – | – |
-89,709
| Closed | -$7.32M |
|
|
CSC
25
DELISTED
Computer Sciences
CSC
| – | – |
-138,000
| Closed | -$9.52M |
|
Similar funds
Alex Roepers's Q2 2017 Portfolio in Review
As of Q2 2017, Alex Roepers held 26 positions worth $973M, up 1.6% from $958M the previous quarter. Its ten largest holdings account for 96% of the portfolio.
Alex Roepers's Q2 2017 filing shows 6 new, 8 increased, 5 reduced and 7 closed positions. Its largest new stake was Huntsman Corp: 4,330,700 shares worth $112M. The largest sale was Harman International Industries, an estimated $115M.
By sector, the portfolio is most concentrated in Technology at 47% of assets, down from 54% a quarter earlier, followed by Materials and Consumer Discretionary.
- Alex Roepers's largest Q2 2017 buy was Huntsman Corp: 4,330,700 shares worth $112M.
- Alex Roepers added most to ARRIS International plc Ordinary Shares in Q2 2017, an estimated $42.4M increase.
- Alex Roepers's biggest Q2 2017 reduction was Triumph Group, cutting an estimated $41.3M.
- Alex Roepers fully exited Harman International Industries in Q2 2017, selling an estimated $115M.
- Alex Roepers's ten largest holdings make up 96% of its $973M portfolio in Q2 2017.
- Alex Roepers opened 6 new positions and closed 7 in Q2 2017.
- Alex Roepers's portfolio value rose 1.6% quarter-over-quarter to $973M.
Based on Atlantic Investment Management's 13F filing for Q2 2017, filed 14 Aug 2017.