Atlantic Investment

Q4 2018 13F · by Alex Roepers, CIO

As of: Dec 31, 2018
Filed: Feb 14, 2019
US stock: $381M · prev $596M
Positions: 22 · prev 20
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%

Moves27 since the prior filing

+21.4 pp in · −21.3 pp out

New 8 +14.16 pp
Added 4 +7.29 pp
Trimmed 9 −7.57 pp
Exited 6 −13.70 pp

The book

Very concentrated · behaves like 6 equal-sized positions

Very concentrated
Concentrated
Focused
Diversified

High turnover · 93% a year, about 1.1 years per position

Low
Moderate
High

Top 5 positions81% of US stock

OI O-I Glass, Inc. trimmed+2.98 pp trimmed+2.9832.7%
HUN Huntsman Corporation trimmed+0.74 pp trimmed+0.7413.6%
VISN Vistance Networks, Inc. added−0.14 pp added−0.1412.7%
AVT Avnet, Inc. trimmed−1.21 pp trimmed−1.2111.4%
DXC DXC Technology Company new+10.83 pp new+10.8310.8%

Positions22 in this filing · 6 exited


OIO-I Glass, Inc.	32.74%	7,234,175	$125M	trimmed−23%	+2.98 pp	23 q
HUNHuntsman Corporation	13.56%	2,677,697	$52M	trimmed−5%	+0.74 pp	7 q
VISNVistance Networks, Inc.	12.66%	2,942,961	$48M	added+19%	−0.14 pp	11 q
AVTAvnet, Inc.	11.38%	1,201,114	$43M	trimmed−28%	−1.21 pp	7 q
DXCDXC Technology Company	10.83%	775,756	$41M	new	+10.83 pp	new
OSKOshkosh Corp.	7.77%	483,025	$30M	added×8.7	+7.11 pp	3 q
DBDDiebold Nixdorf, Incorporated	2.16%	3,300,506	$8M	trimmed−52%	−3.08 pp	10 q
EMNEastman Chemical Company	1.92%	100,000	$7M	trimmed−81%	−6.42 pp	13 q
CBTCabot Corporation	0.76%	67,000	$3M	new	+0.76 pp	new
BRSLBrightstar Lottery PLC	0.74%	193,764	$3M	new	+0.74 pp	new
GTGoodyear Tire & Rubber	0.70%	130,000	$3M	new	+0.70 pp	new
TKRThe Timken Company	0.68%	69,500	$3M	trimmed−18%	−0.03 pp	2 q
CCKCrown Holdings Inc.	0.63%	57,762	$2M	trimmed−20%	+0.05 pp	4 q
ADTADT Inc.	0.55%	350,657	$2M	trimmed−19%	−0.13 pp	3 q
DCHDauch Corporation	0.55%	190,000	$2M	added+23%	+0.10 pp	7 q
NAVNavistar International	0.55%	80,000	$2M	added+56%	+0.22 pp	4 q
TG7Triumph Group Inc	0.54%	180,000	$2M	held	—	22 q
GDIIngersoll Rand Inc.	0.29%	53,494	$1M	new	+0.29 pp	new
TIFTiffany & Co.	0.29%	13,855	$1M	new	+0.29 pp	new
GPKGraphic Packaging Holding Company	0.28%	101,778	$1M	new	+0.28 pp	new
VNTRVenator Materials PLC	0.27%	241,900	$1M	new	+0.27 pp	new
LEALear Corporation	0.14%	4,203	$516,000	trimmed−83%	−0.47 pp	2 q
unresolvedArris Intl Inc	—	−2,677,704	—	exited	−11.67 pp	—
KMTKennametal Inc.	—	−100,000	—	exited	−0.73 pp	—
TECDTech Data Corp	—	−56,000	—	exited	−0.67 pp	—
VYXNCR Voyix Corporation	—	−72,377	—	exited	−0.34 pp	—
ADNTAdient plc	—	−25,500	—	exited	−0.17 pp	—
TSLATesla, Inc.	—	−2,750	—	exited	−0.12 pp	—

Source

Form: 13F-HR
Reading: 0 defects · 0 unresolved
Accession: 0000905718-19-000190
Options: none in this filing
Notes: none in this filing
SEC cross-check: SEC data set not published yet

Search