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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
BKS
101
DELISTED
Barnes & Noble
BKS
– –
-50,000
Closed -$290K
LGCY
102
DELISTED
Legacy Reserves Inc. Common Stock
LGCY
– –
-90,000
Closed -$437K
NTRI
103
DELISTED
NutriSystem, Inc.
NTRI
– –
-25,000
Closed -$926K
AHL
104
DELISTED
ASPEN Insurance Holding Limited
AHL
– –
-20,000
Closed -$836K
WRD
105
DELISTED
WildHorse Resource Development
WRD
– –
-75,000
Closed -$1.77M
ESES
106
DELISTED
Eco-Stim Energy Solutions Inc. Common Stock
ESES
– –
-1,003,758
Closed -$282K
DOTAW
107
DELISTED
Draper Oakwood Technology Acquisition, Inc. Warrant
DOTAW
– –
-37,000
Closed -$22K
DOTAR
108
DELISTED
Draper Oakwood Technology Acquisition, Inc. Rights
DOTAR
– –
-20,600
Closed -$11K
CALL
109
DELISTED
magicJack VocalTec Ltd
CALL
– –
-505,000
Closed -$4.22M
IVTY
110
DELISTED
Invuity, Inc
IVTY
– –
-93,108
Closed -$689K
EGC
111
DELISTED
Energy XXI Gulf Coast, Inc. Common Stock
EGC
– –
-85,000
Closed -$711K
XRM
112
DELISTED
Xerium Technologies Inc (new)
XRM
– –
-60,000
Closed -$808K
BDSI
113
DELISTED
BioDelivery Sciences International, Inc.
BDSI
– –
-200,000
Closed -$560K
REN
114
DELISTED
Resolute Energy Corporaton
REN
– –
-20,000
Closed -$756K
CZR
115
DELISTED
Caesars Entertainment Corporation
CZR
– –
-55,000
Closed -$564K
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.