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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
Cap. Flow
-$11.1M
Cap. Flow %
-14.53%
Top 10 Hldgs %
47.08%
Holding
115
New
41
Increased
15
Reduced
15
Closed
39

Top Buys

Rank Stock Value
1
BH icon
Biglari Holdings Class B
BH
+$4.04M
2
LKQ icon
LKQ Corp
LKQ
+$1.63M
3
PFX icon
PhenixFIN
PFX
+$1.41M
4
AAPL icon
Apple
AAPL
+$1.36M
5
ESI icon
Element Solutions
ESI
+$1.32M

Top Sells

Rank Stock Value
1
STRS icon
Stratus Properties
STRS
+$5.86M
2
CALL
magicJack VocalTec Ltd
CALL
+$4.22M
3
BVH
Bluegreen Vacations Holding Corporation
BVH
+$3.2M
4
WKC icon
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
GSL icon
76
Global Ship Lease
GSL
$1.45B
$74K 0.1%
+15,000
New +$105K
AMC icon
77
AMC Entertainment Holdings
AMC
$1.73B
– –
-1,500
Closed -$308K
CPB icon
78
Campbell Soup
CPB
$6.58B
– –
-15,000
Closed -$549K
CSIQ icon
79
Canadian Solar
CSIQ
$1.02B
– –
-15,000
Closed -$218K
DIN icon
80
Dine Brands
DIN
$456M
– –
-10,000
Closed -$813K
ELMD icon
81
Electromed
ELMD
$349M
– –
-90,000
Closed -$585K
GEN icon
82
Gen Digital
GEN
$16.1B
– –
-20,000
Closed -$426K
ITRI icon
83
Itron
ITRI
$3.81B
– –
-6,000
Closed -$385K
MGY icon
84
Magnolia Oil & Gas
MGY
$5.04B
– –
-170,000
Closed -$2.55M
KG
85
Kestrel Group
KG
$72M
– –
-2,500
Closed -$143K
PBPB
86
DELISTED
Potbelly
PBPB
– –
-37,500
Closed -$461K
PNRG icon
87
PrimeEnergy Resources
PNRG
$302M
– –
-5,778
Closed -$417K
PVL
88
Permianville Royalty Trust
PVL
$57.1M
– –
-68,262
Closed -$239K
SENS icon
89
Senseonics Holdings Inc
SENS
$267M
– –
-9,000
Closed -$859K
SPY icon
90
PUT
State Street SPDR S&P 500 ETF Trust
SPY
$774B
– –
-20,000
Closed -$37K
SRTS icon
91
Sensus Healthcare
SRTS
$49.7M
– –
-50,000
Closed -$419K
VATE icon
92
INNOVATE Corp
VATE
$123M
– –
-13,000
Closed -$796K
WHLRD
93
Wheeler Real Estate Investment Trust Series D Preferred Stock
WHLRD
– –
-23,262
Closed -$488K
SPLP
94
DELISTED
STEEL PARTNERS HOLDINGS L.P.
SPLP
– –
-69,967
Closed -$1.17M
SWN
95
DELISTED
Southwestern Energy Company
SWN
– –
-70,000
Closed -$358K
AMRS
96
DELISTED
Amyris Inc.
AMRS
– –
-70,000
Closed -$556K
CNR
97
DELISTED
Cornerstone Building Brands, Inc.
CNR
– –
-110,000
Closed -$1.67M
SREV
98
DELISTED
ServiceSource International, Inc.
SREV
– –
-150,000
Closed -$428K
CAI
99
DELISTED
CAI International, Inc.
CAI
– –
-20,000
Closed -$457K
TSG
100
DELISTED
The Stars Group Inc.
TSG
– –
-35,000
Closed -$872K
1 2 3
4
5

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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.