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 |
Flowserve
FLS
|
+$24.4M |
| 2 |
UNVR
Univar Solutions Inc.
UNVR
|
+$3.28M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Goodyear
GT
|
+$11M |
| 2 |
Timken Company
TKR
|
+$7.98M |
| 3 |
Huntsman Corp
HUN
|
+$5.8M |
| 4 |
Ralph Lauren
RL
|
+$4.86M |
| 5 |
Avnet
AVT
|
+$4.05M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 37.38% |
| 2 | Materials | 28.13% |
| 3 | Industrials | 21.74% |
| 4 | Technology | 12.76% |
| 5 | Consumer Staples | 0% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
UNVR
1
DELISTED
Univar Solutions Inc.
UNVR
| $30.1M | 13.6% |
1,323,597
+130,479
| +11% | +$3.28M |
|
|
WRK
2
DELISTED
WestRock Company
WRK
| $29.4M | 13.28% |
951,767
-48,868
| -5% | -$1.93M |
|
|
3
Timken Company
TKR
$8.67B
| $28.5M | 12.88% |
482,816
-128,524
| -21% | -$7.98M |
|
|
4
Avnet
AVT
$7.27B
| $28.2M | 12.76% |
781,877
-94,073
| -11% | -$4.05M |
|
|
5
Ralph Lauren
RL
$22.2B
| $27.1M | 12.25% |
319,248
-51,627
| -14% | -$4.86M |
|
6
Eastman Chemical
EMN
$8.47B
| $21.8M | 9.85% |
306,960
-17,847
| -5% | -$1.6M |
|
|
7
Flowserve
FLS
$10.1B
| $19.6M | 8.86% |
+807,361
| New | +$24.4M |
|
8
Lear
LEA
$8.56B
| $17.7M | 8.01% |
148,215
-26,453
| -15% | -$3.66M |
|
|
9
Huntsman Corp
HUN
$1.75B
| $10.4M | 4.68% |
421,969
-206,344
| -33% | -$5.8M |
|
10
O-I Glass
OI
$1.1B
| $8.48M | 3.83% |
655,000
| – | – |
|
|
11
Goodyear
GT
$1.72B
| – | – |
-1,027,172
| Closed | -$11M |
|
12
Nomad Foods
NOMD
$1.65B
| – | – |
-100,000
| Closed | -$2M |
|
Similar funds
Alex Roepers's Q3 2022 Portfolio in Review
As of Q3 2022, Alex Roepers held 12 positions worth $221M, down 16% from $264M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Alex Roepers withdrew a net $15.2M in Q3 2022, closing 2 positions and reducing 7 holdings. Its most notable exit was Goodyear, an estimated $11M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 37% of assets, down from 44% a quarter earlier, followed by Materials and Industrials.
Against the trend, Alex Roepers opened a new position in Flowserve worth $19.6M.
- Alex Roepers's largest Q3 2022 buy was Flowserve: 807,361 shares worth $19.6M.
- Alex Roepers added most to Univar Solutions Inc. in Q3 2022, an estimated $3.28M increase.
- Alex Roepers's biggest Q3 2022 reduction was Timken Company, cutting an estimated $7.98M.
- Alex Roepers fully exited Goodyear in Q3 2022, selling an estimated $11M.
- Alex Roepers's ten largest holdings make up 100% of its $221M portfolio in Q3 2022.
- Alex Roepers opened 1 new position and closed 2 in Q3 2022.
- Alex Roepers's portfolio value fell 16% quarter-over-quarter to $221M.
Based on Atlantic Investment Management's 13F filing for Q3 2022, filed 14 Nov 2022.