Managers / Q1 2021
AJO, LP
CIK 0001013536 · 230 S BROAD STREET, 20THFL, PHILADELPHIA, PA, 19102 · 2155467500
Summary
Ajo, LP reported $199M in U.S.-listed holdings across 43 positions for Q1 2021.
Its largest position, GT, represents 5.9% of the portfolio.
Compared with Q4 2020, the fund opened 6 new positions and exited 229.
Portfolio Metrics
Methodology: turnover is min(value bought, value sold) ÷ average reported value across the two quarters — value-based, so market moves inflate it slightly versus a share-based measure. Concentration and largest position are shares of the filing’s total reported value, options excluded, with multiple share classes and repeated sub-manager rows for the same issuer combined into one position — the same rule the holdings table uses by default. New/exited counts compare against the prior filed quarter. All figures derive solely from the fund’s 13F filings.
Reported Value by Quarter
Portfolio Composition
- Common Stock · 91.1% · $182M
- Other · 6.3% · $13M
- ETP · 2.6% · $5M
Quarter-over-Quarter Changes full breakdown →
vs Q4 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| DHTDHT Holdings Inc | NEW | +403.5K | 403.5K | +$2M | $2M |
| Danaos Corp | NEW | +38.6K | 38.6K | +$2M | $2M |
| Entercom Communications Corp | NEW | +325.4K | 325.4K | +$2M | $2M |
| Adecoagro SA | NEW | +49.1K | 49.1K | +$386,000 | $386,000 |
| INDAiShares MSCI India ETF | NEW | +4.7K | 4.7K | +$200,000 | $200,000 |
| SBLKStar Bulk Carriers Corp | NEW | +10.4K | 10.4K | +$153,000 | $153,000 |
| VSTVistra Corp | ADDED | +431.4K | 514.1K | +$7M | $9M |
| Atlas Air Worldwide Holdings I | ADDED | +108.3K | 146.7K | +$7M | $9M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2021
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2021 | $199M | 43 | May 7, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $965M | 266 | Feb 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $9.5B | 679 | Nov 10, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $10.9B | 667 | Aug 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $11.1B | 651 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $16.9B | 567 | Feb 12, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $17.2B | 600 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $19.3B | 612 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $19.4B | 653 | May 10, 2019 | 13F-HR | changes · EDGAR ↗ |
13F filings are due up to 45 days after quarter end, so holdings shown here lag the fund’s current book. Source: original SEC filing on EDGAR ↗.