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 |
Ashland
ASH
|
+$24.3M |
| 2 |
Timken Company
TKR
|
+$17.3M |
| 3 |
WCC
WESCO International
WCC
|
+$7.9M |
| 4 |
Goodyear
GT
|
+$4.89M |
| 5 |
Terex
TEX
|
+$3.45M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ralph Lauren
RL
|
+$24.2M |
| 2 |
Huntsman Corp
HUN
|
+$10.8M |
| 3 |
Eastman Chemical
EMN
|
+$6.07M |
| 4 |
Weatherford International
WFRD
|
+$5.22M |
| 5 |
CNH
CNH Industrial
CNH
|
+$3.17M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 56.15% |
| 2 | Materials | 26.42% |
| 3 | Energy | 15.2% |
| 4 | Consumer Discretionary | 2.23% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
1
Timken Company
TKR
$8.67B
| $38.2M | 19.04% |
520,093
+213,000
| +69% | +$17.3M |
|
|
2
Weatherford International
WFRD
$6.49B
| $30.5M | 15.2% |
337,701
-61,800
| -15% | -$5.22M |
|
|
WCC
3
WESCO International
WCC
$17B
| $28.2M | 14.04% |
195,900
+48,900
| +33% | +$7.9M |
|
|
4
Eastman Chemical
EMN
$8.47B
| $25.3M | 12.59% |
329,257
-73,100
| -18% | -$6.07M |
|
5
Flowserve
FLS
$10.1B
| $24.4M | 12.16% |
613,882
-75,000
| -11% | -$2.9M |
|
|
6
Ashland
ASH
$3.33B
| $22.9M | 11.4% |
+280,112
| New | +$24.3M |
|
|
7
Terex
TEX
$7.6B
| $21.9M | 10.91% |
379,838
+57,838
| +18% | +$3.45M |
|
|
8
Huntsman Corp
HUN
$1.75B
| $4.88M | 2.43% |
200,000
-400,000
| -67% | -$10.8M |
|
|
9
Goodyear
GT
$1.72B
| $4.47M | 2.23% |
+360,000
| New | +$4.89M |
|
|
10
Ralph Lauren
RL
$22.2B
| – | – |
-196,382
| Closed | -$24.2M |
|
|
CNH
11
CNH Industrial
CNH
$19.1B
| – | – |
-220,000
| Closed | -$3.17M |
|
Similar funds
Alex Roepers's Q3 2023 Portfolio in Review
As of Q3 2023, Alex Roepers held 11 positions worth $201M, down 1.2% from $203M the previous quarter. Its ten largest holdings account for 100% of the portfolio.
Alex Roepers's Q3 2023 filing shows 2 new, 3 increased, 4 reduced and 2 closed positions. Its largest new stake was Ashland: 280,112 shares worth $22.9M. The largest sale was Ralph Lauren, an estimated $24.2M.
By sector, the portfolio is most concentrated in Industrials at 56% of assets, up from 50% a quarter earlier, followed by Materials and Energy.
- Alex Roepers's largest Q3 2023 buy was Ashland: 280,112 shares worth $22.9M.
- Alex Roepers added most to Timken Company in Q3 2023, an estimated $17.3M increase.
- Alex Roepers's biggest Q3 2023 reduction was Huntsman Corp, cutting an estimated $10.8M.
- Alex Roepers fully exited Ralph Lauren in Q3 2023, selling an estimated $24.2M.
- Alex Roepers's ten largest holdings make up 100% of its $201M portfolio in Q3 2023.
- Alex Roepers opened 2 new positions and closed 2 in Q3 2023.
- Alex Roepers's portfolio value fell 1.2% quarter-over-quarter to $201M.
Based on Atlantic Investment Management's 13F filing for Q3 2023, filed 14 Nov 2023.