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AWAM
Appian Way Asset Management Portfolio holdings
AUM
$558M
1-Year Est. Return
1.95%
This Fund
S&P 500
This Quarter
Est. Return
-1.91%
1 Year Est. Return
+1.95%
3 Year Est. Return
+49.43%
5 Year Est. Return
+85.94%
10 Year Est. Return
–
AUM
$278M
AUM Growth
-$21.6M
(-7.2%)
Cap. Flow
-$12M
Cap. Flow
% of AUM
-4.3%
Top 10 Holdings %
Top 10 Hldgs %
82.42%
Holding
38
New
11
Increased
5
Reduced
6
Closed
15
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
O-I Glass
OI
|
+$15.5M |
| 2 |
West Fraser Timber
WFG
|
+$13.1M |
| 3 |
Pilgrim's Pride
PPC
|
+$11.5M |
| 4 |
Cabot Corp
CBT
|
+$10.6M |
| 5 |
Sylvamo
SLVM
|
+$10.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Westlake Corp
WLK
|
+$29.4M |
| 2 |
Avery Dennison
AVY
|
+$14.7M |
| 3 |
Dycom Industries
DY
|
+$14.4M |
| 4 |
Element Solutions
ESI
|
+$12.4M |
| 5 |
Ashland
ASH
|
+$11.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 43.59% |
| 2 | Consumer Staples | 16.5% |
| 3 | Consumer Discretionary | 16.26% |
| 4 | Industrials | 10.64% |
| 5 | Healthcare | 1.85% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
26
CF Industries
CF
$17.7B
| – | – |
-36,767
| Closed | -$2.67M |
|
27
Deere & Co
DE
$166B
| – | – |
-9,234
| Closed | -$3.81M |
|
|
28
Dycom Industries
DY
$12B
| – | – |
-153,600
| Closed | -$14.4M |
|
29
Freeport-McMoran
FCX
$95.5B
| – | – |
-5,300
| Closed | -$217K |
|
30
Fluor
FLR
$6.81B
| – | – |
-170,300
| Closed | -$5.26M |
|
31
CALL
Graphic Packaging
GPK
$3.51B
| – | – |
-100,000
| Closed | -$2.55M |
|
32
PureCycle Technologies
PCT
$1.38B
| – | – |
-234,000
| Closed | -$1.64M |
|
33
Tronox
TROX
$1.11B
| – | – |
-182,260
| Closed | -$2.62M |
|
34
Valaris
VAL
$5.36B
| – | – |
-51,264
| Closed | -$3.34M |
|
35
Valvoline
VVV
$4.55B
| – | – |
-285,494
| Closed | -$9.98M |
|
|
36
Westlake Corp
WLK
$9.9B
| – | – |
-253,283
| Closed | -$29.4M |
|
|
LCAHU
37
DELISTED
Landcadia Holdings IV, Inc. Units
LCAHU
| – | – |
-11,208
| Closed | -$114K |
|
|
PNTM.WS
38
DELISTED
Pontem Corporation Warrants, each whole warrant exercisable for one Class A ordinary share at an exercise price of $11.50
PNTM.WS
| – | – |
-100,000
| Closed | -$17.2K |
|
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Appian Way Asset Management's Q2 2023 Portfolio in Review
As of Q2 2023, Appian Way Asset Management held 38 positions worth $278M, down 7.2% from $299M the previous quarter. Its ten largest holdings account for 82% of the portfolio.
Appian Way Asset Management withdrew a net $12M in Q2 2023, closing 15 positions and reducing 6 holdings. Its most notable exit was Westlake Corp, an estimated $29.4M position sold in full.
By sector, the portfolio is most concentrated in Materials at 44% of assets, down from 57% a quarter earlier, followed by Consumer Staples and Consumer Discretionary.
Against the trend, Appian Way Asset Management opened a new position in O-I Glass worth $15.3M.
- Appian Way Asset Management's largest Q2 2023 buy was O-I Glass: 715,900 shares worth $15.3M.
- Appian Way Asset Management added most to West Fraser Timber in Q2 2023, an estimated $13.1M increase.
- Appian Way Asset Management's biggest Q2 2023 reduction was Avery Dennison, cutting an estimated $14.7M.
- Appian Way Asset Management fully exited Westlake Corp in Q2 2023, selling an estimated $29.4M.
- Appian Way Asset Management's ten largest holdings make up 82% of its $278M portfolio in Q2 2023.
- Appian Way Asset Management opened 11 new positions and closed 15 in Q2 2023.
- Appian Way Asset Management's portfolio value fell 7.2% quarter-over-quarter to $278M.
Based on Appian Way Asset Management's 13F filing for Q2 2023, filed 14 Aug 2023.