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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
+4.14%
1 Year Est. Return
-5.82%
3 Year Est. Return
+14.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$97.7M
AUM Growth
-$22.5M
Cap. Flow
-$18M
Cap. Flow %
-18.43%
Top 10 Hldgs %
44.97%
Holding
107
New
29
Increased
14
Reduced
37
Closed
23

Top Buys

Rank Stock Value
1
TGA
Transglobe Energy Corp
TGA
+$2.13M
2
CMCT
Creative Media & Community Trust
CMCT
+$1.43M
3
SYNC
Synacor, Inc.
SYNC
+$1.31M
4
XOP icon
State Street SPDR S&P Oil & Gas Exploration & Production ETF
XOP
+$1.3M
5
ENZ
Enzo Biochem, Inc.
ENZ
+$1.11M

Top Sells

Rank Stock Value
1
CAI
CAI International, Inc.
CAI
+$7.77M
2
BH icon
Biglari Holdings Class B
BH
+$3.05M
3
BVH
Bluegreen Vacations Holding Corporation
BVH
+$2.31M
4
FTK icon
Flotek Industries
FTK
+$1.98M
5
STRS icon
Stratus Properties
STRS
+$1.86M

Sector Composition

Rank Sector Weight
1 Consumer Discretionary 20.49%
2 Energy 15.37%
3 Industrials 15.31%
4 Healthcare 11.59%
5 Technology 6.88%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
AMAG
101
DELISTED
AMAG Pharmaceuticals
AMAG
– –
-35,000
Closed -$404K
JE
102
DELISTED
Just Energy Group Inc
JE
– –
-7,727
Closed -$604K
TSG
103
DELISTED
The Stars Group Inc.
TSG
– –
-30,000
Closed -$449K
IPHS
104
DELISTED
Innophos Holdings, Inc.
IPHS
– –
-10,000
Closed -$325K
TOO
105
DELISTED
Teekay Offshore Partners L.P.
TOO
– –
-200,000
Closed -$232K
ROAN
106
DELISTED
Roan Resources, Inc.
ROAN
– –
-430,000
Closed -$529K
OHAI
107
DELISTED
OHA Investment Corporation
OHAI
– –
-600,000
Closed -$780K
1 2 3 4
5

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Fondren Management's Q4 2019 Portfolio in Review

As of Q4 2019, Fondren Management held 107 positions worth $97.7M, down 19% from $120M the previous quarter. Its ten largest holdings account for 45% of the portfolio.

Fondren Management withdrew a net $18M in Q4 2019, closing 23 positions and reducing 37 holdings. Its most notable exit was World Kinect Corp, an estimated $999K position sold in full.

By sector, the portfolio is most concentrated in Consumer Discretionary at 20% of assets, up from 20% a quarter earlier, followed by Energy and Industrials.

Against the trend, Fondren Management opened a new position in Creative Media & Community Trust worth $1.45M.

  • Fondren Management's largest Q4 2019 buy was Creative Media & Community Trust: 4 shares worth $1.45M.
  • Fondren Management added most to Transglobe Energy Corp in Q4 2019, an estimated $2.13M increase.
  • Fondren Management's biggest Q4 2019 reduction was CAI International, Inc., cutting an estimated $7.77M.
  • Fondren Management fully exited World Kinect Corp in Q4 2019, selling an estimated $999K.
  • Fondren Management's ten largest holdings make up 45% of its $97.7M portfolio in Q4 2019.
  • Fondren Management opened 29 new positions and closed 23 in Q4 2019.
  • Fondren Management's portfolio value fell 19% quarter-over-quarter to $97.7M.

Based on Fondren Management's 13F filing for Q4 2019, filed 14 Feb 2020.