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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
-37.14%
1 Year Est. Return
-5.82%
3 Year Est. Return
+14.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$39.4M
AUM Growth
-$58.3M
(-60%)
Cap. Flow
-$28.7M
Cap. Flow
% of AUM
-72.94%
Top 10 Holdings %
Top 10 Hldgs %
51.4%
Holding
118
New
34
Increased
13
Reduced
18
Closed
48
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
LDL
Lydall, Inc.
LDL
|
+$1.8M |
| 2 |
QUMU
Qumu Corp.
QUMU
|
+$1.72M |
| 3 |
Immersion
IMMR
|
+$1.52M |
| 4 |
TBRG
TruBridge
TBRG
|
+$1.08M |
| 5 |
Alerian MLP ETF
AMLP
|
+$847K |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
CAI
CAI International, Inc.
CAI
|
+$6.67M |
| 2 |
HWCC
Houston Wire & Cable Company
HWCC
|
+$2.2M |
| 3 |
Stratus Properties
STRS
|
+$2M |
| 4 |
ENZ
Enzo Biochem, Inc.
ENZ
|
+$1.91M |
| 5 |
TETRA Technologies
TTI
|
+$1.82M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Technology | 18.97% |
| 2 | Consumer Discretionary | 15.85% |
| 3 | Healthcare | 14.65% |
| 4 | Energy | 9.14% |
| 5 | Consumer Staples | 7.56% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Biglari Holdings Class B
BH
$1.2B
| $4.08M | 10.36% |
79,383
-3,677
| -4% | -$361K |
|
|
OPNT
2
DELISTED
Opiant Pharmaceuticals, Inc. Common Stock
OPNT
| $3.01M | 7.65% |
314,300
+49,400
| +19% | +$591K |
|
|
3
Immersion
IMMR
$218M
| $2.52M | 6.4% |
470,000
+220,000
| +88% | +$1.52M |
|
4
Vaalco Energy
EGY
$611M
| $2.23M | 5.66% |
2,471,000
| – | – |
|
|
SYNC
5
DELISTED
Synacor, Inc.
SYNC
| $2.17M | 5.51% |
2,126,125
+243,125
| +13% | +$314K |
|
|
SPRT
6
DELISTED
support.com, Inc.
SPRT
| $1.42M | 3.6% |
1,301,874
| – | – |
|
|
QUMU
7
DELISTED
Qumu Corp.
QUMU
| $1.4M | 3.56% |
+845,063
| New | +$1.72M |
|
|
TBRG
8
DELISTED
TruBridge
TBRG
| $1.4M | 3.56% |
63,000
+42,000
| +200% | +$1.08M |
|
9
Rocky Mountain Chocolate Factory
RMCF
$8.78M
| $1.02M | 2.59% |
212,611
-76,336
| -26% | -$591K |
|
10
Ingredion
INGR
$6.32B
| $982K | 2.49% |
13,000
+9,000
| +225% | +$773K |
|
|
TGA
11
DELISTED
Transglobe Energy Corp
TGA
| $961K | 2.44% |
2,675,276
-807,384
| -23% | -$845K |
|
|
LGMK
12
DELISTED
LogicMark
LGMK
| $856K | 2.17% |
489
+41
| +9% | +$77.6K |
|
13
Harte-Hanks
HHS
$17.7M
| $813K | 2.07% |
517,828
-44,374
| -8% | -$132K |
|
14
State Street SPDR Bloomberg High Yield Bond ETF
JNK
$7.24B
| $711K | 1.81% |
+7,500
| New | +$787K |
|
|
LDL
15
DELISTED
Lydall, Inc.
LDL
| $711K | 1.81% |
+110,000
| New | +$1.8M |
|
16
PhenixFIN
PFX
$83.9M
| $678K | 1.72% |
58,311
+3,600
| +7% | +$122K |
|
|
OIG
17
DELISTED
Orbital Infrastructure Group, Inc. Common Stock
OIG
| $655K | 1.66% |
18,375
+13,375
| +268% | +$551K |
|
|
USAP
18
DELISTED
Universal Stainless & Alloy
USAP
| $617K | 1.57% |
80,000
+28,757
| +56% | +$338K |
|
19
iShares iBoxx $ High Yield Corporate Bond ETF
HYG
$16.3B
| $539K | 1.37% |
+7,000
| New | +$591K |
|
|
20
Biglari Holdings Class A
BH.A
$1.22B
| $484K | 1.23% |
1,629
+180
| +12% | +$98K |
|
|
MIXT
21
DELISTED
MIX TELEMATICS LIMITED
MIXT
| $476K | 1.21% |
55,000
+30,000
| +120% | +$370K |
|
22
VanEck Gold Miners ETF
GDX
$22.9B
| $461K | 1.17% |
+20,000
| New | +$547K |
|
23
Quantum Corp
QMCO
$455M
| $457K | 1.16% |
+7,750
| New | +$697K |
|
|
24
Alerian MLP ETF
AMLP
$12.9B
| $430K | 1.09% |
+25,000
| New | +$847K |
|
25
HireQuest
HQI
$177M
| $428K | 1.09% |
71,746
-28,254
| -28% | -$188K |
|
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Fondren Management's Q1 2020 Portfolio in Review
As of Q1 2020, Fondren Management held 118 positions worth $39.4M, down 60% from $97.7M the previous quarter. Its ten largest holdings account for 51% of the portfolio.
Fondren Management withdrew a net $28.7M in Q1 2020, closing 48 positions and reducing 18 holdings. Its most notable exit was CAI International, Inc., an estimated $6.67M position sold in full.
By sector, the portfolio is most concentrated in Technology at 19% of assets, up from 6.9% a quarter earlier, followed by Consumer Discretionary and Healthcare.
Against the trend, Fondren Management opened a new position in Lydall, Inc. worth $711K.
- Fondren Management's largest Q1 2020 buy was Lydall, Inc.: 110,000 shares worth $711K.
- Fondren Management added most to Immersion in Q1 2020, an estimated $1.52M increase.
- Fondren Management's biggest Q1 2020 reduction was Houston Wire & Cable Company, cutting an estimated $2.2M.
- Fondren Management fully exited CAI International, Inc. in Q1 2020, selling an estimated $6.67M.
- Fondren Management's ten largest holdings make up 51% of its $39.4M portfolio in Q1 2020.
- Fondren Management opened 34 new positions and closed 48 in Q1 2020.
- Fondren Management's portfolio value fell 60% quarter-over-quarter to $39.4M.
Based on Fondren Management's 13F filing for Q1 2020, filed 15 May 2020.