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Soapstone Management Portfolio holdings
AUM
$140M
1-Year Est. Return
25.18%
This Fund
S&P 500
This Quarter
Est. Return
+16.34%
1 Year Est. Return
+25.18%
3 Year Est. Return
+51.54%
5 Year Est. Return
+87.71%
10 Year Est. Return
–
AUM
$183M
AUM Growth
-$33.4M
(-15%)
Cap. Flow
-$61.3M
Cap. Flow
% of AUM
-33.5%
Top 10 Holdings %
Top 10 Hldgs %
79.45%
Holding
20
New
2
Increased
1
Reduced
12
Closed
1
Top Buys
| Rank | Stock | Value |
|---|---|---|
| 1 |
Vestis
VSTS
|
+$8.15M |
| 2 |
Kenvue
KVUE
|
+$5.1M |
| 3 |
KLG
WK Kellogg Co
KLG
|
+$1.13M |
Top Sells
| Rank | Stock | Value |
|---|---|---|
| 1 |
Ball Corp
BALL
|
+$19.3M |
| 2 |
Knife River
KNF
|
+$11.3M |
| 3 |
Neogen
NEOG
|
+$10.8M |
| 4 |
Fortrea Holdings
FTRE
|
+$10M |
| 5 |
SCHW
Charles Schwab
SCHW
|
+$6.5M |
Sector Composition
| Rank | Sector | Weight |
|---|---|---|
| 1 | Materials | 26.31% |
| 2 | Consumer Staples | 16.8% |
| 3 | Industrials | 16.15% |
| 4 | Technology | 11.26% |
| 5 | Consumer Discretionary | 10.73% |
| Name | Market Value | Portfolio Weight | Shares or Principal |
Change in Stake | Capital Flow | |
|---|---|---|---|---|---|---|
1
Leidos
LDOS
$13.4B
| $19M | 10.4% |
175,700
| – | – |
|
|
2
Kenvue
KVUE
$36.4B
| $18.3M | 10.01% |
850,000
+255,000
| +43% | +$5.1M |
|
3
Olin
OLN
$2.51B
| $16.5M | 9% |
305,000
-20,000
| -6% | -$958K |
|
4
Constellium
CSTM
$3.83B
| $16M | 8.73% |
800,000
| – | – |
|
|
5
Knife River
KNF
$4.64B
| $15.7M | 8.58% |
236,957
-198,043
| -46% | -$11.3M |
|
6
Constellation Energy
CEG
$90.1B
| $14M | 7.67% |
120,000
-55,000
| -31% | -$6.42M |
|
7
Amazon
AMZN
$2.66T
| $13.9M | 7.58% |
91,250
-13,750
| -13% | -$1.93M |
|
|
ASAI
8
DELISTED
Sendas Distribuidora S.A. American Depositary Share (each representing five common shares)
ASAI
| $11.1M | 6.07% |
802,968
| – | – |
|
9
Equitable Holdings
EQH
$13.4B
| $10.8M | 5.92% |
325,000
-100,000
| -24% | -$2.93M |
|
|
10
Vestis
VSTS
$2.18B
| $10M | 5.49% |
+475,000
| New | +$8.15M |
|
11
JELD-WEN Holding
JELD
$101M
| $8.5M | 4.65% |
450,000
-48,683
| -10% | -$723K |
|
12
Builders FirstSource
BLDR
$7.99B
| $8.35M | 4.57% |
50,000
-10,000
| -17% | -$1.33M |
|
|
13
Ball Corp
BALL
$16.7B
| $5.75M | 3.15% |
100,000
-375,000
| -79% | -$19.3M |
|
|
14
Neogen
NEOG
$2.24B
| $3.55M | 1.94% |
176,386
-640,214
| -78% | -$10.8M |
|
15
Citizens Financial Group
CFG
$30.6B
| $3.31M | 1.81% |
100,000
| – | – |
|
|
DOOR
16
DELISTED
MASONITE INTERNATIONAL CORP
DOOR
| $2.65M | 1.45% |
31,250
-30,000
| -49% | -$2.6M |
|
|
SCHW
17
Charles Schwab
SCHW
$177B
| $2.58M | 1.41% |
37,500
-112,500
| -75% | -$6.5M |
|
18
Digimarc Corp
DMRC
$134M
| $1.58M | 0.86% |
43,643
-25,471
| -37% | -$807K |
|
|
KLG
19
DELISTED
WK Kellogg Co
KLG
| $1.31M | 0.72% |
+100,000
| New | +$1.13M |
|
|
20
Fortrea Holdings
FTRE
$1.68B
| – | – |
-350,000
| Closed | -$10M |
|
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Soapstone Management's Q4 2023 Portfolio in Review
As of Q4 2023, Soapstone Management held 20 positions worth $183M, down 15% from $216M the previous quarter. Its ten largest holdings account for 79% of the portfolio.
Soapstone Management withdrew a net $61.3M in Q4 2023, closing 1 position and reducing 12 holdings. Its most notable exit was Fortrea Holdings, an estimated $10M position sold in full.
By sector, the portfolio is most concentrated in Materials at 26% of assets, up from 24% a quarter earlier, followed by Consumer Staples and Industrials.
Against the trend, Soapstone Management opened a new position in Vestis worth $10M.
- Soapstone Management's largest Q4 2023 buy was Vestis: 475,000 shares worth $10M.
- Soapstone Management added most to Kenvue in Q4 2023, an estimated $5.1M increase.
- Soapstone Management's biggest Q4 2023 reduction was Ball Corp, cutting an estimated $19.3M.
- Soapstone Management fully exited Fortrea Holdings in Q4 2023, selling an estimated $10M.
- Soapstone Management's ten largest holdings make up 79% of its $183M portfolio in Q4 2023.
- Soapstone Management opened 2 new positions and closed 1 in Q4 2023.
- Soapstone Management's portfolio value fell 15% quarter-over-quarter to $183M.
Based on Soapstone Management's 13F filing for Q4 2023, filed 14 Feb 2024.