Atlas FRM Portfolio holdings
Atlas Holdings, the trade name of Atlas FRM, is a private equity firm that specializes in taking control of distressed companies, with a focus on industrial sectors. Andrew Bursky and Tim Fazio started the firm in 2002 by buying a small paper mill in rural Indiana. It has bought underperforming or discontinued operations from corporate sellers, and has also acquired companies out of bankruptcy and through out-of-court restructurings.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Waste Connections
WCN
|
+$239M |
| 2 |
International Paper
IP
|
+$77.1M |
| 3 |
Rayonier
RYN
|
+$72.5M |
| 4 |
Weyerhaeuser
WY
|
+$69.2M |
| 5 |
Builders FirstSource
BLDR
|
+$51.2M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Hormel Foods
HRL
|
+$64M |
| 2 |
Mohawk Industries
MHK
|
+$16.2M |
| 3 |
Fortune Brands Innovations
FBIN
|
+$14M |
| 4 |
American Woodmark
AMWD
|
+$11.8M |
| 5 |
State Street Consumer Staples Select Sector SPDR ETF
XLP
|
+$4.1M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 41.71% |
| 2 | Materials | 23.1% |
| 3 | Industrials | 20.25% |
| 4 | Real Estate | 6.71% |
| 5 | Financials | 4.65% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | Held Since | |
|---|---|---|---|---|---|---|---|
|
26
DELISTED
American Woodmark
AMWD
| – | – |
-296,000
| Closed | -$11.8M | – |
|
|
27
Hormel Foods
HRL
$12.3B
| – | – |
-2,825,000
| Closed | -$64M | – |
|
|
28
Mohawk Industries
MHK
$9.1B
| – | – |
-165,000
| Closed | -$16.2M | – |
|
|
29
State Street Consumer Staples Select Sector SPDR ETF
XLP
$15B
| – | – |
-50,000
| Closed | -$4.1M | – |
|
Similar funds
Atlas FRM's Q2 2026 Portfolio in Review
As of Q2 2026, Atlas FRM held 29 positions worth $2.33B, up 53% from $1.53B the previous quarter. Its ten largest holdings account for 78% of the portfolio.
Atlas FRM deployed $696M of net new capital in Q2 2026, opening 6 new positions and adding to 13 existing holdings. Its largest new stake was Waste Connections: 1,510,000 shares worth $252M.
By sector, the portfolio is most concentrated in Consumer Discretionary at 42% of assets, down from 48% a quarter earlier, followed by Materials and Industrials.
On the sell side, the largest reduction was Fortune Brands Innovations, an estimated $14M trimmed.
- Atlas FRM's largest Q2 2026 buy was Waste Connections: 1,510,000 shares worth $252M.
- Atlas FRM added most to International Paper in Q2 2026, an estimated $77.1M increase.
- Atlas FRM's biggest Q2 2026 reduction was Fortune Brands Innovations, cutting an estimated $14M.
- Atlas FRM fully exited Hormel Foods in Q2 2026, selling an estimated $64M.
- Atlas FRM's ten largest holdings make up 78% of its $2.33B portfolio in Q2 2026.
- Atlas FRM opened 6 new positions and closed 4 in Q2 2026.
- Atlas FRM's portfolio value rose 53% quarter-over-quarter to $2.33B.
Based on Atlas FRM's 13F filing for Q2 2026, filed 13 Aug 2026.