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 |
Canadian Solar
CSIQ
|
+$3.44M |
| 2 |
LSB Industries
LXU
|
+$3.36M |
| 3 |
Atkore
ATKR
|
+$721K |
| 4 |
Horizon Technology Finance
HRZN
|
+$389K |
| 5 |
International Seaways
INSW
|
+$383K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Builders FirstSource
BLDR
|
+$65.9M |
| 2 |
Voya Financial
VOYA
|
+$286K |
| 3 |
Newmont
NEM
|
+$245K |
| 4 |
FRP Holdings
FRPH
|
+$236K |
| 5 |
Champion Homes
SKY
|
+$119K |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 39.63% |
| 2 | Industrials | 24.36% |
| 3 | Materials | 16.17% |
| 4 | Consumer Discretionary | 8.81% |
| 5 | Real Estate | 3.01% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Tidewater
TDW
$4.74B
| $207M | 33.39% |
3,730,539
+2,678
| +0.1% | +$123K |
|
|
2
Builders FirstSource
BLDR
$7.55B
| $105M | 16.97% |
773,010
-592,612
| -43% | -$65.9M |
|
3
West Fraser Timber
WFG
$5.46B
| $29.2M | 4.72% |
339,834
-1,148
| -0.3% | -$86.6K |
|
|
4
LSB Industries
LXU
$801M
| $27.3M | 4.41% |
2,770,168
+350,800
| +14% | +$3.36M |
|
5
Westlake Corp
WLK
$10.1B
| $27.3M | 4.41% |
228,359
-857
| -0.4% | -$98K |
|
|
6
Champion Homes
SKY
$4.9B
| $18.8M | 3.03% |
286,547
-1,750
| -0.6% | -$119K |
|
7
Noble Corp
NE
$7.39B
| $15.3M | 2.48% |
371,452
-550
| -0.1% | -$21.2K |
|
8
Cavco Industries
CVCO
$4.48B
| $15.2M | 2.45% |
51,445
-188
| -0.4% | -$54K |
|
9
Jefferies Financial Group
JEF
$12.1B
| $14.3M | 2.3% |
429,732
-2,445
| -0.6% | -$76.3K |
|
10
Lincoln Electric
LECO
$15.4B
| $10.1M | 1.63% |
50,790
-525
| -1% | -$91.5K |
|
11
RadNet
RDNT
$6.05B
| $9.68M | 1.56% |
296,841
-3,315
| -1% | -$96.3K |
|
12
TechnipFMC
FTI
$30.4B
| $9.42M | 1.52% |
566,641
-5,370
| -0.9% | -$75.7K |
|
13
Canadian Natural Resources
CNQ
$106B
| $9.16M | 1.48% |
325,562
-3,080
| -0.9% | -$87.9K |
|
14
AMREP Corp
AXR
$122M
| $9.13M | 1.47% |
508,982
-250
| -0% | -$3.77K |
|
15
Insteel Industries
IIIN
$599M
| $7.88M | 1.27% |
253,216
+70
| +0% | +$2.07K |
|
16
SEACOR Marine Holdings
SMHI
$270M
| $7.71M | 1.24% |
674,551
+15,640
| +2% | +$138K |
|
17
Dana Inc
DAN
$3.41B
| $7.25M | 1.17% |
426,603
-5,115
| -1% | -$74.6K |
|
|
18
Canadian Solar
CSIQ
$988M
| $6.56M | 1.06% |
169,586
+88,805
| +110% | +$3.44M |
|
19
Olin
OLN
$2.1B
| $6.02M | 0.97% |
117,131
-540
| -0.5% | -$28.7K |
|
20
AerCap
AER
$23B
| $5.49M | 0.89% |
86,483
-1,220
| -1% | -$70.4K |
|
21
Louisiana-Pacific
LPX
$5.12B
| $5.43M | 0.88% |
72,403
-350
| -0.5% | -$21.6K |
|
22
Western Digital
WDC
$166B
| $5.33M | 0.86% |
185,919
-1,373
| -0.7% | -$38.2K |
|
|
UMH
23
UMH Properties
UMH
$1.41B
| $4.91M | 0.79% |
307,570
-3,095
| -1% | -$47.9K |
|
24
Spotify
SPOT
$110B
| $4.66M | 0.75% |
29,000
| – | – |
|
25
Chemours
CC
$2.4B
| $4.41M | 0.71% |
119,544
-700
| -0.6% | -$21.4K |
|
Similar funds
Bob Robotti's Q2 2023 Portfolio in Review
As of Q2 2023, Bob Robotti held 65 positions worth $619M, up 9.1% from $568M the previous quarter. Its ten largest holdings account for 76% of the portfolio.
Bob Robotti withdrew a net $58.7M in Q2 2023, closing 2 positions and reducing 31 holdings. Its most notable exit was Voya Financial, an estimated $286K position sold in full.
By sector, the portfolio is most concentrated in Energy at 40% of assets, up from 35% a quarter earlier, followed by Industrials and Materials.
Against the trend, Bob Robotti opened a new position in Atkore worth $858K.
- Bob Robotti's largest Q2 2023 buy was Atkore: 5,500 shares worth $858K.
- Bob Robotti added most to Canadian Solar in Q2 2023, an estimated $3.44M increase.
- Bob Robotti's biggest Q2 2023 reduction was Builders FirstSource, cutting an estimated $65.9M.
- Bob Robotti fully exited Voya Financial in Q2 2023, selling an estimated $286K.
- Bob Robotti's ten largest holdings make up 76% of its $619M portfolio in Q2 2023.
- Bob Robotti opened 5 new positions and closed 2 in Q2 2023.
- Bob Robotti's portfolio value rose 9.1% quarter-over-quarter to $619M.
Based on Robotti Robert's 13F filing for Q2 2023, filed 14 Aug 2023.