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 |
WRK
WestRock Company
WRK
|
+$32.3M |
| 2 |
Lear
LEA
|
+$28.5M |
| 3 |
Capri Holdings
CPRI
|
+$12.8M |
| 4 |
O-I Glass
OI
|
+$6.55M |
| 5 |
Nomad Foods
NOMD
|
+$2.34M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Oshkosh
OSK
|
+$32.4M |
| 2 |
Timken Company
TKR
|
+$19M |
| 3 |
Huntsman Corp
HUN
|
+$13.3M |
| 4 |
Eastman Chemical
EMN
|
+$6.91M |
| 5 |
DXC Technology
DXC
|
+$5.53M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 63.64% |
| 2 | Technology | 16.28% |
| 3 | Materials | 10.16% |
| 4 | Industrials | 8.65% |
| 5 | Consumer Staples | 1.1% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
O-I Glass
OI
$1.1B
| $94.3M | 27.91% |
7,901,765
+656,755
| +9% | +$6.55M |
|
|
2
DXC Technology
DXC
$1.73B
| $55M | 16.28% |
1,462,476
-169,451
| -10% | -$5.53M |
|
|
3
Capri Holdings
CPRI
$1.55B
| $51.1M | 15.13% |
1,339,245
+369,784
| +38% | +$12.8M |
|
|
WRK
4
DELISTED
WestRock Company
WRK
| $36.5M | 10.8% |
850,184
+827,100
| +3,583% | +$32.3M |
|
|
5
Eastman Chemical
EMN
$8.47B
| $32.7M | 9.69% |
412,864
-89,830
| -18% | -$6.91M |
|
|
6
Lear
LEA
$8.56B
| $32.5M | 9.63% |
237,000
+230,000
| +3,286% | +$28.5M |
|
|
7
Timken Company
TKR
$8.67B
| $28.2M | 8.35% |
500,728
-375,812
| -43% | -$19M |
|
|
8
Nomad Foods
NOMD
$1.65B
| $2.57M | 0.76% |
+115,000
| New | +$2.34M |
|
9
J.M. Smucker
SJM
$13.3B
| $1.15M | 0.34% |
+11,000
| New | +$1.16M |
|
10
ATI
ATI
$28.2B
| $1.03M | 0.31% |
+50,000
| New | +$1.08M |
|
|
11
Huntsman Corp
HUN
$1.75B
| $974K | 0.29% |
40,300
-576,188
| -93% | -$13.3M |
|
12
The Mosaic Company
MOS
$7.76B
| $606K | 0.18% |
+28,000
| New | +$555K |
|
13
TechnipFMC
FTI
$30.4B
| $600K | 0.18% |
+37,632
| New | +$584K |
|
|
CTB
14
DELISTED
Cooper Tire & Rubber Co.
CTB
| $588K | 0.17% |
20,462
-14,538
| -42% | -$411K |
|
15
Dana Inc
DAN
$3.41B
| – | – |
-56,000
| Closed | -$809K |
|
16
Mohawk Industries
MHK
$9.23B
| – | – |
-9,033
| Closed | -$1.12M |
|
|
17
Oshkosh
OSK
$9.7B
| – | – |
-426,788
| Closed | -$32.4M |
|
18
Ralph Lauren
RL
$22.2B
| – | – |
-13,000
| Closed | -$1.24M |
|
19
Visteon
VC
$2.83B
| – | – |
-15,969
| Closed | -$1.32M |
|
|
GRA
20
DELISTED
W.R. Grace & Co.
GRA
| – | – |
-18,000
| Closed | -$1.2M |
|
Similar funds
Alex Roepers's Q4 2019 Portfolio in Review
As of Q4 2019, Alex Roepers held 20 positions worth $338M, up 19% from $285M the previous quarter. Its ten largest holdings account for 99% of the portfolio.
Alex Roepers's Q4 2019 filing shows 5 new, 4 increased, 5 reduced and 6 closed positions. Its largest new stake was Nomad Foods: 115,000 shares worth $2.57M. The largest sale was Oshkosh, an estimated $32.4M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 64% of assets, up from 40% a quarter earlier, followed by Technology and Materials.
- Alex Roepers's largest Q4 2019 buy was Nomad Foods: 115,000 shares worth $2.57M.
- Alex Roepers added most to WestRock Company in Q4 2019, an estimated $32.3M increase.
- Alex Roepers's biggest Q4 2019 reduction was Timken Company, cutting an estimated $19M.
- Alex Roepers fully exited Oshkosh in Q4 2019, selling an estimated $32.4M.
- Alex Roepers's ten largest holdings make up 99% of its $338M portfolio in Q4 2019.
- Alex Roepers opened 5 new positions and closed 6 in Q4 2019.
- Alex Roepers's portfolio value rose 19% quarter-over-quarter to $338M.
Based on Atlantic Investment Management's 13F filing for Q4 2019, filed 14 Feb 2020.