Atlantic Investment

Q2 2015 13F · by Alex Roepers, CIO

As of: Jun 30, 2015
Filed: Aug 14, 2015
US stock: $1.4B · prev $1.3B
Positions: 13 · prev 18
Options notional: $0
Documents: 1· no amendments

Picture100.0% US stock

Full picture · of what this 13F reports is US stock

US stock listed on a US exchange 100.0%
Foreign stock not listed in the US 0.0%
Notes debt, at principal 0.0%
Puts at notional value 0.0%
Calls at notional value 0.0%

Moves18 since the prior filing

+19.0 pp in · −19.0 pp out

New 0 0.00 pp
Added 7 +19.04 pp
Trimmed 6 −4.16 pp
Exited 5 −14.87 pp

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

Moderate turnover · 69% a year, about 1.4 years per position

Low
Moderate
High

Top 5 positions85% of US stock

OI O-I Glass, Inc. added−1.81 pp added−1.8120.2%
TG7 Triumph Group Inc trimmed−1.78 pp trimmed−1.7819.3%
FMC FMC Corporation added+2.70 pp added+2.7019.1%
GT Goodyear Tire & Rubber added+7.73 pp added+7.7315.5%
WCC Wesco International Inc. added+5.45 pp added+5.4510.7%

Positions13 in this filing · 5 exited


OIO-I Glass, Inc.	20.21%	12,713,088	$292M	added+1%	−1.81 pp	9 q
TG7Triumph Group Inc	19.34%	4,229,704	$279M	trimmed−10%	−1.78 pp	8 q
FMCFMC Corporation	19.07%	5,238,677	$275M	added+38%	+2.70 pp	3 q
GTGoodyear Tire & Rubber	15.47%	7,404,914	$223M	added+95%	+7.73 pp	9 q
WCCWesco International Inc.	10.69%	2,248,553	$154M	added×2.3	+5.45 pp	2 q
unresolvedIngram Micro Inc	8.71%	5,020,803	$126M	added×2.3	+4.65 pp	2 q
TEXTerex Corporation	1.46%	903,771	$21M	trimmed−7%	−0.48 pp	5 q
AXEAnixter International Inc	1.14%	252,733	$16M	added+69%	+0.29 pp	2 q
ACMAecom	1.06%	463,750	$15M	added+4%	+0.03 pp	2 q
LEALear Corporation	0.98%	125,816	$14M	trimmed−3%	−0.10 pp	3 q
MGAMagna International	0.98%	251,668	$14M	trimmed−3%	−0.07 pp	2 q
DCHDauch Corporation	0.90%	618,584	$13M	trimmed−1%	−0.32 pp	6 q
ALKAlaska Air Group, Inc.	0.00%	3	$193	trimmed−100%	−1.41 pp	3 q
OISOil States International, Inc.	—	−3,500,000	—	exited	−10.47 pp	—
unresolvedGeneral Cable Corp	—	−953,024	—	exited	−1.24 pp	—
HA7Enviri Corp	—	−940,410	—	exited	−1.22 pp	—
unresolvedCytec Inds Inc	—	−238,500	—	exited	−0.97 pp	—
TKRThe Timken Company	—	−305,096	—	exited	−0.97 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 1 unresolved
Accession: 0000905718-15-000727
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet