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 |
BERY
Berry Global Group, Inc.
BERY
|
+$42.6M |
| 2 |
Huntsman Corp
HUN
|
+$31M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
GRA
W.R. Grace & Co.
GRA
|
+$51.5M |
| 2 |
Edgewell Personal Care
EPC
|
+$12.1M |
| 3 |
O-I Glass
OI
|
+$9.2M |
| 4 |
WRK
WestRock Company
WRK
|
+$5.21M |
| 5 |
Avnet
AVT
|
+$3.8M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 49.26% |
| 2 | Consumer Discretionary | 31.98% |
| 3 | Technology | 9.99% |
| 4 | Consumer Staples | 8.78% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
WRK
1
DELISTED
WestRock Company
WRK
| $59.5M | 18.68% |
1,117,924
-93,016
| -8% | -$5.21M |
|
|
2
Huntsman Corp
HUN
$1.75B
| $53.4M | 16.78% |
2,015,035
+1,092,213
| +118% | +$31M |
|
|
UNVR
3
DELISTED
Univar Solutions Inc.
UNVR
| $49.4M | 15.5% |
2,024,601
-1,299
| -0.1% | -$32.5K |
|
|
BERY
4
DELISTED
Berry Global Group, Inc.
BERY
| $42.4M | 13.31% |
+707,969
| New | +$42.6M |
|
|
5
Avnet
AVT
$7.27B
| $31.8M | 9.99% |
793,945
-88,334
| -10% | -$3.8M |
|
6
Lear
LEA
$8.56B
| $31.7M | 9.94% |
180,611
-1,720
| -0.9% | -$318K |
|
|
7
Edgewell Personal Care
EPC
$1.32B
| $27.9M | 8.78% |
636,650
-285,524
| -31% | -$12.1M |
|
8
Eastman Chemical
EMN
$8.47B
| $11.7M | 3.67% |
100,000
| – | – |
|
|
9
O-I Glass
OI
$1.1B
| $10.7M | 3.36% |
655,000
-543,177
| -45% | -$9.2M |
|
10
Nomad Foods
NOMD
$1.65B
| – | – |
-130,000
| Closed | -$3.57M |
|
|
GRA
11
DELISTED
W.R. Grace & Co.
GRA
| – | – |
-861,122
| Closed | -$51.5M |
|
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Alex Roepers's Q2 2021 Portfolio in Review
As of Q2 2021, Alex Roepers held 11 positions worth $318M, down 1.5% from $323M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Alex Roepers withdrew a net $12.1M in Q2 2021, closing 2 positions and reducing 6 holdings. Its most notable exit was W.R. Grace & Co., an estimated $51.5M position sold in full.
By sector, the portfolio is most concentrated in Materials at 49% of assets, up from 25% a quarter earlier, followed by Consumer Discretionary and Technology.
Against the trend, Alex Roepers opened a new position in Berry Global Group, Inc. worth $42.4M.
- Alex Roepers's largest Q2 2021 buy was Berry Global Group, Inc.: 707,969 shares worth $42.4M.
- Alex Roepers added most to Huntsman Corp in Q2 2021, an estimated $31M increase.
- Alex Roepers's biggest Q2 2021 reduction was Edgewell Personal Care, cutting an estimated $12.1M.
- Alex Roepers fully exited W.R. Grace & Co. in Q2 2021, selling an estimated $51.5M.
- Alex Roepers's ten largest holdings make up 100% of its $318M portfolio in Q2 2021.
- Alex Roepers opened 1 new position and closed 2 in Q2 2021.
- Alex Roepers's portfolio value fell 1.5% quarter-over-quarter to $318M.
Based on Atlantic Investment Management's 13F filing for Q2 2021, filed 16 Aug 2021.