Algert Global Portfolio holdings
Algert Global is a systematic equity manager that uses data science and machine learning to rank stocks against each other. Peter Algert, a former head of research for stock selection strategies at Barclays Global Investors, co-founded the firm in 2002 and is its chief executive and co-chief investment officer. The firm, called Algert Coldiron Investors until 2014, runs long-only, extension and market neutral strategies: the extension strategies take both long and short positions, and the market neutral strategy aims for returns that do not depend on the direction of global markets. Its clients include pension funds, insurance companies and sovereign wealth funds, and its employees own it.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cousins Properties
CUZ
|
+$1.71M |
| 2 |
Industrial Logistics Properties Trust
ILPT
|
+$1.31M |
| 3 |
Sinclair Inc
SBGI
|
+$1.08M |
| 4 |
Performance Food Group
PFGC
|
+$1.07M |
| 5 |
ProPetro Holding
PUMP
|
+$1.03M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
MLNX
Mellanox Technologies, Ltd.
MLNX
|
+$4.22M |
| 2 |
Agilent Technologies
A
|
+$4.07M |
| 3 |
UFP Industries
UFPI
|
+$4.05M |
| 4 |
State Street SPDR S&P 500 ETF Trust
SPY
|
+$3.89M |
| 5 |
Brady Corp
BRC
|
+$3.86M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Industrials | 21.8% |
| 2 | Healthcare | 17.89% |
| 3 | Consumer Discretionary | 15.01% |
| 4 | Technology | 11.81% |
| 5 | Financials | 5.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
1
State Street SPDR S&P 500 ETF Trust
SPY
$804B
| $3.44M | 1.97% |
12,184
-14,318
| -54% | -$3.89M |
2016 Q2
11 quarters
|
|
2
Innospec
IOSP
$2.49B
| $2.6M | 1.49% |
31,212
-29,345
| -48% | -$2.19M |
2017 Q2
7 quarters
|
|
3
Integer Holdings
ITGR
$4.3B
| $2.45M | 1.4% |
32,484
-33,139
| -50% | -$2.71M |
2017 Q1
8 quarters
|
|
|
QTNA
4
DELISTED
Quantenna Communications, Inc. Common Stock
QTNA
| $2.31M | 1.32% |
94,765
-4,028
| -4% | -$70.1K |
2018 Q4
1 quarter
|
|
5
WESCO International
WCC
$16.7B
| $2.26M | 1.29% |
42,544
-28,592
| -40% | -$1.51M |
2017 Q4
5 quarters
|
|
6
Malibu Boats
MBUU
$467M
| $2.14M | 1.22% |
53,949
-38,170
| -41% | -$1.58M |
2018 Q2
3 quarters
|
|
7
Diodes
DIOD
$3.65B
| $2.1M | 1.2% |
60,607
-52,542
| -46% | -$1.88M |
2017 Q2
7 quarters
|
|
8
DELISTED
TEGNA Inc
TGNA
| $2.06M | 1.18% |
145,859
-84,183
| -37% | -$1.07M |
2018 Q4
1 quarter
|
|
9
McGrath RentCorp
MGRC
$2.85B
| $1.89M | 1.08% |
33,337
-32,891
| -50% | -$1.76M |
2017 Q2
7 quarters
|
|
10
Comfort Systems
FIX
$43.6B
| $1.88M | 1.08% |
35,987
-52,014
| -59% | -$2.6M |
2016 Q4
9 quarters
|
|
11
Repligen
RGEN
$11B
| $1.88M | 1.07% |
31,762
+5,886
| +23% | +$338K |
2018 Q4
1 quarter
|
|
|
12
Cousins Properties
CUZ
$4.82B
| $1.8M | 1.03% |
+46,674
| New | +$1.71M |
2019 Q1
0 quarters
|
|
13
Cathay General Bancorp
CATY
$4.32B
| $1.77M | 1.01% |
52,269
-3,050
| -6% | -$112K |
2018 Q2
3 quarters
|
|
14
America's Car Mart
CRMT
$8.67M
| $1.77M | 1.01% |
19,380
-19,199
| -50% | -$1.49M |
2018 Q2
3 quarters
|
|
|
NVTA
15
DELISTED
Invitae Corporation
NVTA
| $1.74M | 0.99% |
74,325
-72,462
| -49% | -$1.28M |
2018 Q3
2 quarters
|
|
16
DELISTED
Amedisys
AMED
| $1.7M | 0.97% |
13,771
-13,037
| -49% | -$1.64M |
2018 Q2
3 quarters
|
|
17
Materion
MTRN
$4.62B
| $1.66M | 0.95% |
29,057
-35,201
| -55% | -$1.83M |
2016 Q4
9 quarters
|
|
|
PSB
18
DELISTED
PS Business Parks, Inc.
PSB
| $1.61M | 0.92% |
10,293
+40
| +0.4% | +$5.83K |
2018 Q4
1 quarter
|
|
|
19
Sinclair Inc
SBGI
$924M
| $1.58M | 0.91% |
41,161
+32,161
| +357% | +$1.08M |
2018 Q4
1 quarter
|
|
20
Amkor Technology
AMKR
$9.7B
| $1.58M | 0.9% |
185,273
-62,092
| -25% | -$514K |
2017 Q4
5 quarters
|
|
21
Federal Signal
FSS
$6.87B
| $1.51M | 0.86% |
58,059
-79,614
| -58% | -$1.82M |
2017 Q3
6 quarters
|
|
22
Korn Ferry
KFY
$4.31B
| $1.48M | 0.85% |
33,144
-11,776
| -26% | -$539K |
2018 Q4
1 quarter
|
|
23
Veracyte
VCYT
$4.03B
| $1.44M | 0.82% |
57,574
-75,671
| -57% | -$1.45M |
2017 Q2
7 quarters
|
|
24
Applied Industrial Technologies
AIT
$10.8B
| $1.43M | 0.81% |
23,980
-52,941
| -69% | -$3.07M |
2017 Q1
8 quarters
|
|
25
HUB Group
HUBG
$1.65B
| $1.43M | 0.81% |
69,808
-111,218
| -61% | -$2.37M |
2018 Q1
4 quarters
|
|
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Algert Global's Q1 2019 Portfolio in Review
As of Q1 2019, Algert Global held 450 positions worth $175M, down 51% from $359M the previous quarter. Its ten largest holdings account for 13% of the portfolio.
Algert Global withdrew a net $225M in Q1 2019, closing 152 positions and reducing 189 holdings. Its most notable exit was Mellanox Technologies, Ltd., an estimated $4.22M position sold in full.
By sector, the portfolio is most concentrated in Industrials at 22% of assets, down from 25% a quarter earlier, followed by Healthcare and Consumer Discretionary.
Against the trend, Algert Global opened a new position in Cousins Properties worth $1.8M.
- Algert Global's largest Q1 2019 buy was Cousins Properties: 46,674 shares worth $1.8M.
- Algert Global added most to Sinclair Inc in Q1 2019, an estimated $1.08M increase.
- Algert Global's biggest Q1 2019 reduction was Agilent Technologies, cutting an estimated $4.07M.
- Algert Global fully exited Mellanox Technologies, Ltd. in Q1 2019, selling an estimated $4.22M.
- Algert Global's ten largest holdings make up 13% of its $175M portfolio in Q1 2019.
- Algert Global opened 83 new positions and closed 152 in Q1 2019.
- Algert Global's portfolio value fell 51% quarter-over-quarter to $175M.
Based on Algert Global's 13F filing for Q1 2019, filed 1 May 2019.