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 |
Preformed Line Products
PLPC
|
+$1.35M |
| 2 |
AMREP Corp
AXR
|
+$633K |
| 3 |
Louisiana-Pacific
LPX
|
+$530K |
| 4 |
Atkore
ATKR
|
+$414K |
| 5 |
Apple
AAPL
|
+$193K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Builders FirstSource
BLDR
|
+$19.9M |
| 2 |
Champion Homes
SKY
|
+$9.67M |
| 3 |
Noble Corp
NE
|
+$4.78M |
| 4 |
Cavco Industries
CVCO
|
+$2.52M |
| 5 |
Legacy Housing
LEGH
|
+$1.09M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Energy | 45.82% |
| 2 | Industrials | 19.89% |
| 3 | Materials | 16.74% |
| 4 | Consumer Discretionary | 6.15% |
| 5 | Real Estate | 3.51% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Tidewater
TDW
$4.74B
| $278M | 39.99% |
3,852,214
-2,370
| -0.1% | -$153K |
|
|
2
Builders FirstSource
BLDR
$7.55B
| $86.8M | 12.5% |
519,995
-149,761
| -22% | -$19.9M |
|
3
LSB Industries
LXU
$801M
| $40.4M | 5.82% |
4,342,779
-9,048
| -0.2% | -$82.6K |
|
4
Westlake Corp
WLK
$10.1B
| $31.7M | 4.57% |
226,567
-1,055
| -0.5% | -$134K |
|
5
West Fraser Timber
WFG
$5.46B
| $28.7M | 4.13% |
335,445
-1,960
| -0.6% | -$145K |
|
6
Jefferies Financial Group
JEF
$12.1B
| $17M | 2.45% |
420,834
-3,551
| -0.8% | -$126K |
|
|
7
Cavco Industries
CVCO
$4.48B
| $14.8M | 2.13% |
42,754
-8,830
| -17% | -$2.52M |
|
|
8
Noble Corp
NE
$7.39B
| $12.9M | 1.86% |
268,692
-102,335
| -28% | -$4.78M |
|
|
9
AMREP Corp
AXR
$122M
| $12M | 1.72% |
544,297
+35,547
| +7% | +$633K |
|
10
TechnipFMC
FTI
$30.4B
| $11.1M | 1.59% |
549,357
-7,765
| -1% | -$159K |
|
11
Lincoln Electric
LECO
$15.4B
| $10.7M | 1.55% |
49,431
-581
| -1% | -$112K |
|
12
Canadian Natural Resources
CNQ
$106B
| $10.4M | 1.49% |
317,552
-3,960
| -1% | -$128K |
|
13
RadNet
RDNT
$6.05B
| $10.1M | 1.45% |
290,013
-3,725
| -1% | -$118K |
|
|
14
Champion Homes
SKY
$4.9B
| $9.66M | 1.39% |
130,124
-153,755
| -54% | -$9.67M |
|
15
Insteel Industries
IIIN
$599M
| $9.47M | 1.36% |
247,365
-2,935
| -1% | -$97K |
|
16
SEACOR Marine Holdings
SMHI
$270M
| $8.4M | 1.21% |
667,527
-5,937
| -0.9% | -$76.1K |
|
17
Western Digital
WDC
$166B
| $7.17M | 1.03% |
181,086
-2,388
| -1% | -$83.6K |
|
18
AerCap
AER
$23B
| $6.53M | 0.94% |
87,901
-900
| -1% | -$59.4K |
|
|
BVH
19
DELISTED
Bluegreen Vacations Holding Corporation
BVH
| $6.34M | 0.91% |
84,388
-2,865
| -3% | -$167K |
|
20
Olin
OLN
$2.1B
| $6.2M | 0.89% |
114,881
-1,400
| -1% | -$67K |
|
21
Amkor Technology
AMKR
$12.5B
| $6.04M | 0.87% |
181,572
-358
| -0.2% | -$9.41K |
|
|
22
Louisiana-Pacific
LPX
$5.12B
| $5.73M | 0.83% |
80,928
+8,870
| +12% | +$530K |
|
23
Spotify
SPOT
$110B
| $5.45M | 0.78% |
29,000
| – | – |
|
24
Dana Inc
DAN
$3.41B
| $5.26M | 0.76% |
359,888
-57,455
| -14% | -$762K |
|
|
UMH
25
UMH Properties
UMH
$1.41B
| $4.61M | 0.66% |
301,092
-2,828
| -0.9% | -$40.8K |
|
Similar funds
Bob Robotti's Q4 2023 Portfolio in Review
As of Q4 2023, Bob Robotti held 60 positions worth $695M, up 2% from $681M the previous quarter. Its ten largest holdings account for 77% of the portfolio.
Bob Robotti withdrew a net $39.6M in Q4 2023, closing 2 positions and reducing 34 holdings. Its most notable exit was Seadrill, an estimated $463K position sold in full.
By sector, the portfolio is most concentrated in Energy at 46% of assets, down from 47% a quarter earlier, followed by Industrials and Materials.
Against the trend, Bob Robotti opened a new position in Apple worth $201K.
- Bob Robotti's largest Q4 2023 buy was Apple: 1,044 shares worth $201K.
- Bob Robotti added most to Preformed Line Products in Q4 2023, an estimated $1.35M increase.
- Bob Robotti's biggest Q4 2023 reduction was Builders FirstSource, cutting an estimated $19.9M.
- Bob Robotti fully exited Seadrill in Q4 2023, selling an estimated $463K.
- Bob Robotti's ten largest holdings make up 77% of its $695M portfolio in Q4 2023.
- Bob Robotti opened 1 new position and closed 2 in Q4 2023.
- Bob Robotti's portfolio value rose 2% quarter-over-quarter to $695M.
Based on Robotti Robert's 13F filing for Q4 2023, filed 14 Feb 2024.