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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
BH icon
1
Biglari Holdings Class B
BH
$1.24B
$9.76M 9.29%
93,977
+21,380
+29% +$2.55M
GSB
2
DELISTED
GlobalSCAPE, Inc.
GSB
$6.95M 6.61%
680,000
-452,000
-40% -$3.85M
CAI
3
DELISTED
CAI International, Inc.
CAI
$6.08M 5.79%
245,000
-2,000
-0.8% -$47.9K
BVH
4
DELISTED
Bluegreen Vacations Holding Corporation
BVH
$5.62M 5.35%
228,940
+9,000
+4% +$230K
EGY icon
5
Vaalco Energy
EGY
$562M
$4.13M 3.93%
2,471,000
– –
FTK icon
6
Flotek Industries
FTK
$934M
$4.09M 3.89%
206,000
-61,364
-23% -$1.24M
PFX icon
7
PhenixFIN
PFX
$80.3M
$3.63M 3.46%
77,680
+6,730
+9% +$393K
CRD.A icon
8
Crawford & Co Class A
CRD.A
$541M
$3.49M 3.32%
331,462
-16,000
-5% -$146K
TYPE
9
DELISTED
Monotype Imaging Holdings Inc.
TYPE
$3.28M 3.12%
195,000
-226,000
-54% -$4.03M
STRS icon
10
Stratus Properties
STRS
$165M
$3.23M 3.07%
99,624
+33,624
+51% +$903K
OPNT
11
DELISTED
Opiant Pharmaceuticals, Inc. Common Stock
OPNT
$2.88M 2.74%
217,312
+138,312
+175% +$1.67M
IMMR icon
12
Immersion
IMMR
$218M
$2.59M 2.46%
340,000
+310,000
+1,033% +$2.62M
WKC icon
13
World Kinect Corp
WKC
$1.9B
$2.52M 2.39%
70,000
-137,500
-66% -$4.31M
BRPM.U
14
DELISTED
B. Riley Principal Merger Corp.
BRPM.U
$2.5M 2.37%
+250,000
New +$2.5M
RMCF icon
15
Rocky Mountain Chocolate Factory
RMCF
$9.25M
$2.25M 2.15%
268,487
+115,380
+75% +$1.07M
BH.A icon
16
Biglari Holdings Class A
BH.A
$1.23B
$2.19M 2.08%
4,130
+80
+2% +$51K
SPRT
17
DELISTED
support.com, Inc.
SPRT
$2.11M 2.01%
1,301,874
– –
TACT icon
18
Transact Technologies
TACT
$53.2M
$2.02M 1.92%
179,000
-62,715
-26% -$593K
SPLP
19
DELISTED
STEEL PARTNERS HOLDINGS L.P.
SPLP
$1.95M 1.85%
139,116
-10,884
-7% -$151K
MPC icon
20
Marathon Petroleum
MPC
$89.3B
$1.68M 1.59%
+30,000
New +$1.64M
ROAN
21
DELISTED
Roan Resources, Inc.
ROAN
$1.53M 1.46%
880,000
+508,000
+137% +$1.83M
DFIN icon
22
Donnelley Financial Solutions
DFIN
$1.25B
$1.27M 1.21%
+95,000
New +$1.34M
DIN icon
23
Dine Brands
DIN
$461M
$1.24M 1.18%
13,000
-27,000
-68% -$2.46M
LSAK icon
24
Lesaka Technologies
LSAK
$412M
$1.22M 1.16%
305,000
-172,500
-36% -$619K
RLH
25
DELISTED
Red Lions Hotel Corporation
RLH
$1.21M 1.15%
+170,000
New +$1.31M
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.