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
|
+$25.8M |
| 2 |
WRK
WestRock Company
WRK
|
+$9.35M |
| 3 |
Avnet
AVT
|
+$7.69M |
| 4 |
UNVR
Univar Solutions Inc.
UNVR
|
+$4.35M |
| 5 |
Lear
LEA
|
+$1.25M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$35.1M |
| 2 |
O-I Glass
OI
|
+$19M |
| 3 |
GRA
W.R. Grace & Co.
GRA
|
+$10.4M |
| 4 |
Edgewell Personal Care
EPC
|
+$208K |
| 5 |
Nomad Foods
NOMD
|
+$129K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 51.13% |
| 2 | Materials | 25.14% |
| 3 | Consumer Staples | 12.4% |
| 4 | Technology | 11.33% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WRK
1
DELISTED
WestRock Company
WRK
| $63M | 19.5% |
1,210,940
+200,321
| +20% | +$9.35M |
|
|
GRA
2
DELISTED
W.R. Grace & Co.
GRA
| $51.5M | 15.95% |
861,122
-174,352
| -17% | -$10.4M |
|
|
UNVR
3
DELISTED
Univar Solutions Inc.
UNVR
| $43.6M | 13.5% |
2,025,900
+212,466
| +12% | +$4.35M |
|
|
4
Avnet
AVT
$7.27B
| $36.6M | 11.33% |
882,279
+198,946
| +29% | +$7.69M |
|
|
5
Edgewell Personal Care
EPC
$1.32B
| $36.5M | 11.3% |
922,174
-6,008
| -0.6% | -$208K |
|
|
6
Lear
LEA
$8.56B
| $33M | 10.22% |
182,331
+7,426
| +4% | +$1.25M |
|
|
7
Huntsman Corp
HUN
$1.75B
| $26.6M | 8.23% |
+922,822
| New | +$25.8M |
|
|
8
O-I Glass
OI
$1.1B
| $17.7M | 5.46% |
1,198,177
-1,478,277
| -55% | -$19M |
|
9
Eastman Chemical
EMN
$8.47B
| $11M | 3.41% |
100,000
| – | – |
|
|
10
Nomad Foods
NOMD
$1.65B
| $3.57M | 1.1% |
130,000
-5,000
| -4% | -$129K |
|
|
11
Ralph Lauren
RL
$22.2B
| – | – |
-337,910
| Closed | -$35.1M |
|
Similar funds
Alex Roepers's Q1 2021 Portfolio in Review
As of Q1 2021, Alex Roepers held 11 positions worth $323M, up 7.9% from $299M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Alex Roepers withdrew a net $16.4M in Q1 2021, closing 1 position and reducing 4 holdings. Its most notable exit was Ralph Lauren, an estimated $35.1M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 51% of assets, down from 65% a quarter earlier, followed by Materials and Consumer Staples.
Against the trend, Alex Roepers opened a new position in Huntsman Corp worth $26.6M.
- Alex Roepers's largest Q1 2021 buy was Huntsman Corp: 922,822 shares worth $26.6M.
- Alex Roepers added most to WestRock Company in Q1 2021, an estimated $9.35M increase.
- Alex Roepers's biggest Q1 2021 reduction was O-I Glass, cutting an estimated $19M.
- Alex Roepers fully exited Ralph Lauren in Q1 2021, selling an estimated $35.1M.
- Alex Roepers's ten largest holdings make up 100% of its $323M portfolio in Q1 2021.
- Alex Roepers opened 1 new position and closed 1 in Q1 2021.
- Alex Roepers's portfolio value rose 7.9% quarter-over-quarter to $323M.
Based on Atlantic Investment Management's 13F filing for Q1 2021, filed 17 May 2021.