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 |
Eastman Chemical
EMN
|
+$35.3M |
| 2 |
Timken Company
TKR
|
+$27.2M |
| 3 |
WRK
WestRock Company
WRK
|
+$7.07M |
| 4 |
Avnet
AVT
|
+$3.43M |
| 5 |
Nomad Foods
NOMD
|
+$3.41M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
BERY
Berry Global Group, Inc.
BERY
|
+$26.3M |
| 2 |
Builders FirstSource
BLDR
|
+$5.17M |
| 3 |
UNVR
Univar Solutions Inc.
UNVR
|
+$5.07M |
| 4 |
Huntsman Corp
HUN
|
+$4.7M |
| 5 |
Lear
LEA
|
+$4.16M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 45.68% |
| 2 | Consumer Discretionary | 34.6% |
| 3 | Technology | 10.48% |
| 4 | Industrials | 7.52% |
| 5 | Consumer Staples | 1.72% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Huntsman Corp
HUN
$1.75B
| $60.3M | 16.84% |
1,728,173
-143,862
| -8% | -$4.7M |
|
|
UNVR
2
DELISTED
Univar Solutions Inc.
UNVR
| $52.8M | 14.75% |
1,863,151
-187,635
| -9% | -$5.07M |
|
|
3
Eastman Chemical
EMN
$8.47B
| $50.5M | 14.1% |
417,378
+317,378
| +317% | +$35.3M |
|
|
WRK
4
DELISTED
WestRock Company
WRK
| $48.4M | 13.52% |
1,091,072
+150,197
| +16% | +$7.07M |
|
|
5
Avnet
AVT
$7.27B
| $37.5M | 10.48% |
909,935
+88,990
| +11% | +$3.43M |
|
6
Goodyear
GT
$1.72B
| $35.9M | 10.02% |
1,683,045
-93,135
| -5% | -$1.93M |
|
|
7
Lear
LEA
$8.56B
| $31.7M | 8.86% |
173,397
-23,714
| -12% | -$4.16M |
|
|
8
Timken Company
TKR
$8.67B
| $26.9M | 7.52% |
+388,499
| New | +$27.2M |
|
9
O-I Glass
OI
$1.1B
| $7.88M | 2.2% |
655,000
| – | – |
|
|
10
Nomad Foods
NOMD
$1.65B
| $6.14M | 1.72% |
242,000
+132,000
| +120% | +$3.41M |
|
|
11
Builders FirstSource
BLDR
$7.55B
| – | – |
-100,000
| Closed | -$5.17M |
|
|
BERY
12
DELISTED
Berry Global Group, Inc.
BERY
| – | – |
-471,111
| Closed | -$26.3M |
|
Similar funds
Alex Roepers's Q4 2021 Portfolio in Review
As of Q4 2021, Alex Roepers held 12 positions worth $358M, up 20% from $298M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Alex Roepers deployed $29.1M of net new capital in Q4 2021, opening 1 new position and adding to 4 existing holdings. Its largest new stake was Timken Company: 388,499 shares worth $26.9M.
By sector, the portfolio is most concentrated in Materials at 46% of assets, down from 47% a quarter earlier, followed by Consumer Discretionary and Technology.
On the sell side, the largest reduction was Univar Solutions Inc., an estimated $5.07M trimmed.
- Alex Roepers's largest Q4 2021 buy was Timken Company: 388,499 shares worth $26.9M.
- Alex Roepers added most to Eastman Chemical in Q4 2021, an estimated $35.3M increase.
- Alex Roepers's biggest Q4 2021 reduction was Univar Solutions Inc., cutting an estimated $5.07M.
- Alex Roepers fully exited Berry Global Group, Inc. in Q4 2021, selling an estimated $26.3M.
- Alex Roepers's ten largest holdings make up 100% of its $358M portfolio in Q4 2021.
- Alex Roepers opened 1 new position and closed 2 in Q4 2021.
- Alex Roepers's portfolio value rose 20% quarter-over-quarter to $358M.
Based on Atlantic Investment Management's 13F filing for Q4 2021, filed 14 Feb 2022.