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FM

Fondren Management Portfolio holdings

AUM $16.9M
1-Year Est. Return 5.82%
This Fund
S&P 500
This Quarter Est. Return
-2.51%
1 Year Est. Return
-5.82%
3 Year Est. Return
+14.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$105M
AUM Growth
-$20.5M
Cap. Flow
-$11.4M
Cap. Flow %
-10.88%
Top 10 Hldgs %
47.83%
Holding
111
New
29
Increased
17
Reduced
19
Closed
39

Top Buys

Rank Stock Value
1
IMMR icon
Immersion
IMMR
+$2.62M
2
BH icon
Biglari Holdings Class B
BH
+$2.55M
3
BRPM.U
B. Riley Principal Merger Corp.
BRPM.U
+$2.5M
4
ROAN
Roan Resources, Inc.
ROAN
+$1.83M
5
OPNT
Opiant Pharmaceuticals, Inc. Common Stock
OPNT
+$1.67M

Top Sells

Rank Stock Value
1
WKC icon
World Kinect Corp
WKC
+$4.31M
2
TYPE
Monotype Imaging Holdings Inc.
TYPE
+$4.03M
3
GSB
GlobalSCAPE, Inc.
GSB
+$3.85M
4
LKQ icon
LKQ Corp
LKQ
+$3.69M
5
DIN icon
Dine Brands
DIN
+$2.46M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 15.54%
2 Energy 14.21%
3 Industrials 13.82%
4 Technology 13.44%
5 Real Estate 8.98%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
MR
101
DELISTED
Montage Resources Corporation Common Stock
MR
– –
-20,000
Closed -$301K
ROSE
102
DELISTED
Rosehill Resources Inc. Class A
ROSE
– –
-35,000
Closed -$119K
ZAYO
103
DELISTED
Zayo Group Holdings, Inc.
ZAYO
– –
-25,000
Closed -$711K
TOO
104
DELISTED
Teekay Offshore Partners L.P.
TOO
– –
-377,116
Closed -$453K
VSI
105
DELISTED
Vitamin Shoppe Inc.
VSI
– –
-65,400
Closed -$460K
TST
106
DELISTED
TheStreet, Inc.
TST
– –
-79,676
Closed -$1.86M
FRSH
107
DELISTED
Papa Murphy's Holdings, Inc
FRSH
– –
-161,383
Closed -$846K
TISA
108
DELISTED
TOP Image Systems Ltd
TISA
– –
-200,000
Closed -$168K
CBK
109
DELISTED
Christopher & Banks Corporation
CBK
– –
-205,410
Closed -$70K
OMED
110
DELISTED
OncoMed Pharmaceuticals, Inc.
OMED
– –
-25,136
Closed -$26K
RESI
111
DELISTED
Front Yard Residential Corporation Common Stock
RESI
– –
-40,000
Closed -$371K
1 2 3 4
5

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Fondren Management's Q2 2019 Portfolio in Review

As of Q2 2019, Fondren Management held 111 positions worth $105M, down 16% from $126M the previous quarter. Its ten largest holdings account for 48% of the portfolio.

Fondren Management withdrew a net $11.4M in Q2 2019, closing 39 positions and reducing 19 holdings. Its most notable exit was LKQ Corp, an estimated $3.69M position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 16% of assets, down from 19% a quarter earlier, followed by Energy and Industrials.

Against the trend, Fondren Management opened a new position in B. Riley Principal Merger Corp. worth $2.5M.

  • Fondren Management's largest Q2 2019 buy was B. Riley Principal Merger Corp.: 250,000 shares worth $2.5M.
  • Fondren Management added most to Immersion in Q2 2019, an estimated $2.62M increase.
  • Fondren Management's biggest Q2 2019 reduction was World Kinect Corp, cutting an estimated $4.31M.
  • Fondren Management fully exited LKQ Corp in Q2 2019, selling an estimated $3.69M.
  • Fondren Management's ten largest holdings make up 48% of its $105M portfolio in Q2 2019.
  • Fondren Management opened 29 new positions and closed 39 in Q2 2019.
  • Fondren Management's portfolio value fell 16% quarter-over-quarter to $105M.

Based on Fondren Management's 13F filing for Q2 2019, filed 14 Aug 2019.