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Fondren Management Portfolio holdings
AUM
$16.9M
1-Year Est. Return
5.82%
This Fund
S&P 500
This Quarter
Est. Return
-23.04%
1 Year Est. Return
-5.82%
3 Year Est. Return
+14.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$76.6M
AUM Growth
-$34.8M
(-31%)
Cap. Flow
-$11.1M
Cap. Flow
% of AUM
-14.53%
Top 10 Holdings %
Top 10 Hldgs %
47.08%
Holding
115
New
41
Increased
15
Reduced
15
Closed
39
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Biglari Holdings Class B
BH
|
+$4.04M |
| 2 |
LKQ Corp
LKQ
|
+$1.63M |
| 3 |
PhenixFIN
PFX
|
+$1.41M |
| 4 |
Apple
AAPL
|
+$1.36M |
| 5 |
Element Solutions
ESI
|
+$1.32M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Stratus Properties
STRS
|
+$5.86M |
| 2 |
CALL
magicJack VocalTec Ltd
CALL
|
+$4.22M |
| 3 |
BVH
Bluegreen Vacations Holding Corporation
BVH
|
+$3.2M |
| 4 |
World Kinect Corp
WKC
|
+$2.96M |
| 5 |
GSB
GlobalSCAPE, Inc.
GSB
|
+$2.9M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Consumer Discretionary | 13.86% |
| 2 | Technology | 13.06% |
| 3 | Financials | 11.79% |
| 4 | Real Estate | 11.52% |
| 5 | Industrials | 10.29% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
|
TRIB
26
Trinity Biotech
TRIB
$6.79M
| $771K | 1.01% |
67,360
+38,360
| +132% | +$592K |
|
|
FRSH
27
DELISTED
Papa Murphy's Holdings, Inc
FRSH
| $760K | 0.99% |
160,000
-42,000
| -21% | -$209K |
|
28
Newell Brands
NWL
$2.22B
| $744K | 0.97% |
40,000
+10,000
| +33% | +$199K |
|
29
PDF Solutions
PDFS
$2.14B
| $717K | 0.94% |
85,000
-77,500
| -48% | -$657K |
|
|
DFRG
30
DELISTED
Del Frisco's Restaurant Group, Inc. Common Stock
DFRG
| $715K | 0.93% |
+100,000
| New | +$708K |
|
31
Ashland
ASH
$3.14B
| $710K | 0.93% |
+10,000
| New | +$771K |
|
32
EQT Corp
EQT
$31B
| $661K | 0.86% |
+35,000
| New | +$710K |
|
33
Transact Technologies
TACT
$53.7M
| $657K | 0.86% |
+73,189
| New | +$892K |
|
34
Citigroup
C
$217B
| $651K | 0.85% |
+12,500
| New | +$792K |
|
35
OneMain Financial
OMF
$6.97B
| $607K | 0.79% |
+25,000
| New | +$711K |
|
|
OHAI
36
DELISTED
OHA Investment Corporation
OHAI
| $606K | 0.79% |
600,000
| – | – |
|
|
EGRX
37
DELISTED
Eagle Pharmaceuticals, Inc.
EGRX
| $604K | 0.79% |
+15,000
| New | +$773K |
|
|
CUTR
38
DELISTED
Cutera, Inc.
CUTR
| $596K | 0.78% |
+35,000
| New | +$714K |
|
|
MR
39
DELISTED
Montage Resources Corporation Common Stock
MR
| $578K | 0.75% |
36,667
+17,314
| +89% | +$296K |
|
|
ZAYO
40
DELISTED
Zayo Group Holdings, Inc.
ZAYO
| $571K | 0.75% |
+25,000
| New | +$684K |
|
|
LGF.A
41
DELISTED
Lions Gate Entertainment Corp. Class A Voting Shares
LGF.A
| $564K | 0.74% |
+35,000
| New | +$678K |
|
|
MODN
42
DELISTED
MODEL N, INC.
MODN
| $529K | 0.69% |
+40,000
| New | +$577K |
|
43
Sinclair Inc
SBGI
$997M
| $527K | 0.69% |
+20,000
| New | +$583K |
|
44
Green Plains
GPRE
$1.35B
| $524K | 0.68% |
40,000
+15,000
| +60% | +$245K |
|
45
Resideo Technologies
REZI
$5.43B
| $514K | 0.67% |
+25,000
| New | +$534K |
|
46
Koppers
KOP
$945M
| $511K | 0.67% |
+30,000
| New | +$705K |
|
|
GIFI
47
DELISTED
Gulf Island Fabrication
GIFI
| $505K | 0.66% |
70,000
-12,050
| -15% | -$102K |
|
48
Enpro
NPO
$6.82B
| $481K | 0.63% |
+8,000
| New | +$530K |
|
49
Jack in the Box
JACK
$286M
| $466K | 0.61% |
+6,000
| New | +$488K |
|
|
ATVI
50
DELISTED
Activision Blizzard
ATVI
| $466K | 0.61% |
+10,000
| New | +$599K |
|
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Fondren Management's Q4 2018 Portfolio in Review
As of Q4 2018, Fondren Management held 115 positions worth $76.6M, down 31% from $111M the previous quarter. Its ten largest holdings account for 47% of the portfolio.
Fondren Management withdrew a net $11.1M in Q4 2018, closing 39 positions and reducing 15 holdings. Its most notable exit was magicJack VocalTec Ltd, an estimated $4.22M position sold in full.
By sector, the portfolio is most concentrated in Consumer Discretionary at 14% of assets, up from 11% a quarter earlier, followed by Technology and Financials.
Against the trend, Fondren Management opened a new position in LKQ Corp worth $1.42M.
- Fondren Management's largest Q4 2018 buy was LKQ Corp: 60,000 shares worth $1.42M.
- Fondren Management added most to Biglari Holdings Class B in Q4 2018, an estimated $4.04M increase.
- Fondren Management's biggest Q4 2018 reduction was Stratus Properties, cutting an estimated $5.86M.
- Fondren Management fully exited magicJack VocalTec Ltd in Q4 2018, selling an estimated $4.22M.
- Fondren Management's ten largest holdings make up 47% of its $76.6M portfolio in Q4 2018.
- Fondren Management opened 41 new positions and closed 39 in Q4 2018.
- Fondren Management's portfolio value fell 31% quarter-over-quarter to $76.6M.
Based on Fondren Management's 13F filing for Q4 2018, filed 14 Feb 2019.