Bob Robotti Robotti Robert
Bob Robotti is the founder of Robotti & Company, a value-oriented investment firm with a long history of fundamental research. He is known for concentrating in sectors where he believes the market misunderstands asset value, including energy services and industrial businesses at various points in the cycle. Robotti’s filings attract investors who track small- and mid-cap value specialists.
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Western Digital
WDC
|
+$6.77M |
| 2 |
RDC
Rowan Companies Plc
RDC
|
+$3.64M |
| 3 |
Tidewater
TDW
|
+$2.8M |
| 4 |
Westlake Corp
WLK
|
+$2.59M |
| 5 |
GCAP
Gain Capital Holdings, Inc.
GCAP
|
+$2.5M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Cavco Industries
CVCO
|
+$10.2M |
| 2 |
CKH
Seacor Holdings Inc.
CKH
|
+$4.16M |
| 3 |
Jefferies Financial Group
JEF
|
+$3.49M |
| 4 |
LSB Industries
LXU
|
+$3.28M |
| 5 |
ESV
Ensco Rowan plc
ESV
|
+$3.12M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 22.91% |
| 2 | Energy | 20.88% |
| 3 | Industrials | 19.87% |
| 4 | Materials | 17.63% |
| 5 | Real Estate | 5.98% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
BMCH
1
DELISTED
BMC Stock Holdings, Inc
BMCH
| $33M | 12.91% |
2,130,985
-950
| -0% | -$15.8K |
|
2
Builders FirstSource
BLDR
$7.55B
| $22.4M | 8.78% |
2,057,543
-17,662
| -0.9% | -$222K |
|
|
3
Westlake Corp
WLK
$10.1B
| $19.7M | 7.71% |
297,834
+35,864
| +14% | +$2.59M |
|
|
4
Tidewater
TDW
$4.74B
| $14.2M | 5.54% |
739,899
+107,517
| +17% | +$2.8M |
|
|
OSB
5
DELISTED
Norbord Inc.
OSB
| $13.6M | 5.32% |
511,712
-108,182
| -17% | -$2.95M |
|
|
PHX
6
DELISTED
PHX Minerals
PHX
| $11.7M | 4.58% |
755,708
-24
| -0% | -$407 |
|
|
7
LSB Industries
LXU
$801M
| $11.3M | 4.41% |
2,653,687
-558,058
| -17% | -$3.28M |
|
|
8
Western Digital
WDC
$166B
| $7.44M | 2.91% |
266,353
+190,922
| +253% | +$6.77M |
|
9
Lincoln Electric
LECO
$15.4B
| $7.39M | 2.89% |
93,741
-2,115
| -2% | -$176K |
|
|
10
Cavco Industries
CVCO
$4.48B
| $7.23M | 2.83% |
55,462
-56,415
| -50% | -$10.2M |
|
|
OMN
11
DELISTED
OMNOVA Solutions Inc.
OMN
| $7.02M | 2.75% |
957,245
-24,025
| -2% | -$194K |
|
|
12
Jefferies Financial Group
JEF
$12.1B
| $6.77M | 2.65% |
435,567
-190,501
| -30% | -$3.49M |
|
13
RadNet
RDNT
$6.05B
| $6.61M | 2.59% |
650,310
-153,820
| -19% | -$2.09M |
|
|
EXTN
14
DELISTED
Exterran Corporation
EXTN
| $6.29M | 2.46% |
355,567
-6,905
| -2% | -$155K |
|
|
UMH
15
UMH Properties
UMH
$1.41B
| $5.82M | 2.28% |
491,625
-12,350
| -2% | -$167K |
|
16
Insteel Industries
IIIN
$599M
| $5.6M | 2.19% |
230,795
-4,225
| -2% | -$117K |
|
|
ESV
17
DELISTED
Ensco Rowan plc
ESV
| $5.49M | 2.15% |
385,711
-121,108
| -24% | -$3.12M |
|
18
Canadian Natural Resources
CNQ
$106B
| $5.06M | 1.98% |
428,103
-7,372
| -2% | -$99.1K |
|
19
Starbucks
SBUX
$122B
| $4.83M | 1.89% |
75,015
+15
| +0% | +$939 |
|
20
Methode Electronics
MEI
$507M
| $4.66M | 1.82% |
200,052
-9,645
| -5% | -$272K |
|
21
Champion Homes
SKY
$4.9B
| $3.82M | 1.49% |
259,940
+104,740
| +67% | +$2.31M |
|
22
AMREP Corp
AXR
$122M
| $3.69M | 1.45% |
620,962
-68,020
| -10% | -$472K |
|
|
BVH
23
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $3.28M | 1.28% |
114,604
-5,840
| -5% | -$180K |
|
24
Helmerich & Payne
HP
$4.35B
| $3.28M | 1.28% |
68,343
-2,080
| -3% | -$128K |
|
25
Dorian LPG
LPG
$2.19B
| $2.56M | 1% |
438,678
-104,031
| -19% | -$754K |
|
Similar funds
Bob Robotti's Q4 2018 Portfolio in Review
As of Q4 2018, Bob Robotti held 77 positions worth $256M, down 33% from $380M the previous quarter. Its ten largest holdings account for 58% of the portfolio.
Bob Robotti withdrew a net $16.8M in Q4 2018, closing 11 positions and reducing 34 holdings. Its most notable exit was Seacor Holdings Inc., an estimated $4.16M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 23% of assets, down from 23% a quarter earlier, followed by Energy and Industrials.
Against the trend, Bob Robotti opened a new position in Rowan Companies Plc worth $2.08M.
- Bob Robotti's largest Q4 2018 buy was Rowan Companies Plc: 248,000 shares worth $2.08M.
- Bob Robotti added most to Western Digital in Q4 2018, an estimated $6.77M increase.
- Bob Robotti's biggest Q4 2018 reduction was Cavco Industries, cutting an estimated $10.2M.
- Bob Robotti fully exited Seacor Holdings Inc. in Q4 2018, selling an estimated $4.16M.
- Bob Robotti's ten largest holdings make up 58% of its $256M portfolio in Q4 2018.
- Bob Robotti opened 7 new positions and closed 11 in Q4 2018.
- Bob Robotti's portfolio value fell 33% quarter-over-quarter to $256M.
Based on Robotti Robert's 13F filing for Q4 2018, filed 15 Feb 2019.