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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
-1.07%
1 Year Est. Return
-5.82%
3 Year Est. Return
+14.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$111M
AUM Growth
-$19.2M
Cap. Flow
-$10.4M
Cap. Flow %
-9.33%
Top 10 Hldgs %
53.34%
Holding
106
New
31
Increased
14
Reduced
16
Closed
32

Top Buys

Rank Stock Value
1
BVH
Bluegreen Vacations Holding Corporation
BVH
+$3.12M
2
PFX icon
PhenixFIN
PFX
+$2.87M
3
CNR
Cornerstone Building Brands, Inc.
CNR
+$1.83M
4
PDFS icon
PDF Solutions
PDFS
+$1.64M
5
WRD
WildHorse Resource Development
WRD
+$1.61M

Top Sells

Rank Stock Value
1
DBRG icon
DigitalBridge
DBRG
+$3M
2
WKC icon
World Kinect Corp
WKC
+$2.5M
3
SMTA
Spirit MTA REIT Common Shares of Beneficial Interest
SMTA
+$2.5M
4
SBGI icon
Sinclair Inc
SBGI
+$2.25M
5
JMBA
Jamba, Inc.
JMBA
+$2.13M

Sector Composition

Rank Sector Weight
1 Real Estate 21.85%
2 Energy 16.63%
3 Industrials 12.53%
4 Consumer Discretionary 10.68%
5 Technology 9.57%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
ANIK icon
76
Anika Therapeutics
ANIK
$203M
– –
-35,000
Closed -$1.12M
AP icon
77
Ampco-Pittsburgh
AP
$156M
– –
-101,584
Closed -$1.04M
ARCO icon
78
Arcos Dorados Holdings
ARCO
$1.73B
– –
-77,087
Closed -$521K
BW icon
79
Babcock & Wilcox
BW
$1.47B
– –
-22,000
Closed -$524K
DBRG icon
80
DigitalBridge
DBRG
$2.92B
– –
-120,000
Closed -$3M
DFIN icon
81
Donnelley Financial Solutions
DFIN
$1.25B
– –
-120,000
Closed -$2.08M
GEOS icon
82
Geospace Technologies
GEOS
$88M
– –
-100,000
Closed -$1.41M
GTN icon
83
Gray Television
GTN
$407M
– –
-20,000
Closed -$316K
HAIN icon
84
Hain Celestial
HAIN
$50.6M
– –
-12,500
Closed -$373K
LKQ icon
85
LKQ Corp
LKQ
$6.47B
– –
-50,000
Closed -$1.59M
NTCT icon
86
NETSCOUT
NTCT
$2.95B
– –
-40,000
Closed -$1.19M
NXPI icon
87
NXP Semiconductors
NXPI
$67.3B
– –
-10,000
Closed -$1.09M
NXST icon
88
Nexstar Media Group
NXST
$5.61B
– –
-10,000
Closed -$734K
SBGI icon
89
Sinclair Inc
SBGI
$997M
– –
-70,000
Closed -$2.25M
MGI
90
DELISTED
MoneyGram International, Inc. New
MGI
– –
-140,000
Closed -$937K
AUD
91
DELISTED
Audacy, Inc.
AUD
– –
-165,000
Closed -$1.25M
STON
92
DELISTED
StoneMor Inc.
STON
– –
-130,702
Closed -$788K
DSPG
93
DELISTED
DSP Group Inc
DSPG
– –
-45,569
Closed -$567K
MDLY
94
DELISTED
Medley Management Inc
MDLY
– –
-12,256
Closed -$435K
FRAN
95
DELISTED
Francesca's Holdings Corporation
FRAN
– –
-2,500
Closed -$227K
GPOR
96
DELISTED
Gulfport Energy Corp.
GPOR
– –
-140,000
Closed -$1.76M
TIVO
97
DELISTED
Tivo Inc
TIVO
– –
-15,000
Closed -$202K
WFT
98
DELISTED
Weatherford International plc
WFT
– –
-80,000
Closed -$263K
NFX
99
DELISTED
Newfield Exploration
NFX
– –
-20,000
Closed -$605K
ATHN
100
DELISTED
Athenahealth, Inc.
ATHN
– –
-5,000
Closed -$796K
1 2 3
4
5

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Fondren Management's Q3 2018 Portfolio in Review

As of Q3 2018, Fondren Management held 106 positions worth $111M, down 15% from $131M the previous quarter. Its ten largest holdings account for 53% of the portfolio.

Fondren Management withdrew a net $10.4M in Q3 2018, closing 32 positions and reducing 16 holdings. Its most notable exit was DigitalBridge, an estimated $3M position sold in full.

By sector, the portfolio is most concentrated in Real Estate at 22% of assets, up from 19% a quarter earlier, followed by Energy and Industrials.

Against the trend, Fondren Management opened a new position in PhenixFIN worth $2.98M.

  • Fondren Management's largest Q3 2018 buy was PhenixFIN: 38,961 shares worth $2.98M.
  • Fondren Management added most to Bluegreen Vacations Holding Corporation in Q3 2018, an estimated $3.12M increase.
  • Fondren Management's biggest Q3 2018 reduction was World Kinect Corp, cutting an estimated $2.5M.
  • Fondren Management fully exited DigitalBridge in Q3 2018, selling an estimated $3M.
  • Fondren Management's ten largest holdings make up 53% of its $111M portfolio in Q3 2018.
  • Fondren Management opened 31 new positions and closed 32 in Q3 2018.
  • Fondren Management's portfolio value fell 15% quarter-over-quarter to $111M.

Based on Fondren Management's 13F filing for Q3 2018, filed 14 Nov 2018.