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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
+29.14%
1 Year Est. Return
-5.82%
3 Year Est. Return
+14.2%
5 Year Est. Return
–
10 Year Est. Return
–
AUM
$25.9M
AUM Growth
-$13.5M
Cap. Flow
-$18.8M
Cap. Flow %
-72.53%
Top 10 Hldgs %
80.73%
Holding
75
New
6
Increased
4
Reduced
12
Closed
50

Top Buys

Rank Stock Value
1
LSAK icon
Lesaka Technologies
LSAK
+$925K
2
IMMR icon
Immersion
IMMR
+$484K
3
TTI icon
TETRA Technologies
TTI
+$452K
4
ACNT icon
Ascent Industries
ACNT
+$391K
5
VATE icon
INNOVATE Corp
VATE
+$353K

Top Sells

Rank Stock Value
1
QUMU
Qumu Corp.
QUMU
+$1.4M
2
TBRG
TruBridge
TBRG
+$1.4M
3
OPNT
Opiant Pharmaceuticals, Inc. Common Stock
OPNT
+$1.32M
4
INGR icon
Ingredion
INGR
+$982K
5
LGMK
LogicMark
LGMK
+$856K

Sector Composition

Rank Sector Weight
1 Technology 25.81%
2 Consumer Discretionary 20.29%
3 Energy 15.21%
4 Industrials 11.48%
5 Communication Services 7.73%
Name Market Value Portfolio Weight Shares or Principal Change
in Stake 		Capital Flow
BH icon
1
Biglari Holdings Class B
BH
$1.24B
$4.65M 17.98%
67,421
-11,962
-15% -$770K
IMMR icon
2
Immersion
IMMR
$218M
$3.4M 13.12%
545,000
+75,000
+16% +$484K
EGY icon
3
Vaalco Energy
EGY
$562M
$3.06M 11.84%
2,471,000
– –
SYNC
4
DELISTED
Synacor, Inc.
SYNC
$2M 7.73%
1,770,000
-356,125
-17% -$435K
SPRT
5
DELISTED
support.com, Inc.
SPRT
$1.84M 7.1%
1,301,874
– –
OPNT
6
DELISTED
Opiant Pharmaceuticals, Inc. Common Stock
OPNT
$1.69M 6.53%
186,900
-127,400
-41% -$1.32M
HHS icon
7
Harte-Hanks
HHS
$18.1M
$1.66M 6.41%
545,502
+27,674
+5% +$65.4K
LSAK icon
8
Lesaka Technologies
LSAK
$412M
$958K 3.7%
315,000
+275,000
+688% +$925K
TGA
9
DELISTED
Transglobe Energy Corp
TGA
$871K 3.37%
1,567,567
-1,107,709
-41% -$577K
PFX icon
10
PhenixFIN
PFX
$80.3M
$762K 2.95%
49,811
-8,500
-15% -$110K
TTI icon
11
TETRA Technologies
TTI
$1.33B
$612K 2.37%
+1,145,000
New +$452K
BH.A icon
12
Biglari Holdings Class A
BH.A
$1.23B
$506K 1.96%
1,510
-119
-7% -$40.1K
BVH
13
DELISTED
Bluegreen Vacations Holding Corporation
BVH
$432K 1.67%
+34,000
New +$329K
CRD.B icon
14
Crawford & Co Class B
CRD.B
$500M
$418K 1.62%
59,475
+31,655
+114% +$200K
VATE icon
15
INNOVATE Corp
VATE
$128M
$418K 1.62%
+12,500
New +$353K
USAP
16
DELISTED
Universal Stainless & Alloy
USAP
$347K 1.34%
40,350
-39,650
-50% -$305K
ACNT icon
17
Ascent Industries
ACNT
$137M
$337K 1.3%
+45,000
New +$391K
CRD.A icon
18
Crawford & Co Class A
CRD.A
$541M
$337K 1.3%
42,670
-4,078
-9% -$27.6K
RMCF icon
19
Rocky Mountain Chocolate Factory
RMCF
$9.25M
$309K 1.19%
72,600
-140,011
-66% -$622K
HQI icon
20
HireQuest
HQI
$171M
$281K 1.09%
45,416
-26,330
-37% -$166K
CSLT
21
DELISTED
CASTLIGHT HEALTH, INC.
CSLT
$249K 0.96%
+300,000
New +$223K
ALOT icon
22
AstroNova
ALOT
$222M
$239K 0.92%
+30,000
New +$197K
HWCC
23
DELISTED
Houston Wire & Cable Company
HWCC
$212K 0.82%
90,000
-75,100
-45% -$177K
BCIC
24
BCP Investment Corp
BCIC
$91.2M
$197K 0.76%
17,910
– –
LUB
25
DELISTED
Luby's Inc.
LUB
$92K 0.36%
63,422
-293,578
-82% -$293K
1
2 3

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Fondren Management's Q2 2020 Portfolio in Review

As of Q2 2020, Fondren Management held 75 positions worth $25.9M, down 34% from $39.4M the previous quarter. Its ten largest holdings account for 81% of the portfolio.

Fondren Management withdrew a net $18.8M in Q2 2020, closing 50 positions and reducing 12 holdings. Its most notable exit was Qumu Corp., an estimated $1.4M position sold in full.

By sector, the portfolio is most concentrated in Technology at 26% of assets, up from 19% a quarter earlier, followed by Consumer Discretionary and Energy.

Against the trend, Fondren Management opened a new position in TETRA Technologies worth $612K.

  • Fondren Management's largest Q2 2020 buy was TETRA Technologies: 1,145,000 shares worth $612K.
  • Fondren Management added most to Lesaka Technologies in Q2 2020, an estimated $925K increase.
  • Fondren Management's biggest Q2 2020 reduction was Opiant Pharmaceuticals, Inc. Common Stock, cutting an estimated $1.32M.
  • Fondren Management fully exited Qumu Corp. in Q2 2020, selling an estimated $1.4M.
  • Fondren Management's ten largest holdings make up 81% of its $25.9M portfolio in Q2 2020.
  • Fondren Management opened 6 new positions and closed 50 in Q2 2020.
  • Fondren Management's portfolio value fell 34% quarter-over-quarter to $25.9M.

Based on Fondren Management's 13F filing for Q2 2020, filed 14 Aug 2020.