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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
SVU
101
DELISTED
SUPERVALU Inc.
SVU
– –
-40,000
Closed -$821K
XPLR
102
DELISTED
Xplore Technologies Corp.
XPLR
– –
-183,600
Closed -$705K
PHIIK
103
DELISTED
PHI, Inc. Non-Voting Common Stock
PHIIK
– –
-60,000
Closed -$610K
JMBA
104
DELISTED
Jamba, Inc.
JMBA
– –
-200,000
Closed -$2.13M
PRMW
105
DELISTED
Primo Water Corporation
PRMW
– –
-50,000
Closed -$875K
HK
106
DELISTED
Halcon Resources Corporation
HK
– –
-395,000
Closed -$1.73M
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.