SEC 13F Intelligence

Managers / Q1 2023

Zebra Capital Management LLC

CIK 0001316915 · 2187 ATLANTIC STREET, 4TH FLOOR, STAMFORD, CT, 06902 · 2038783223

Reported Value
$20M
Q1 2023
Positions
65
Filings on Record
18
2019–present window
Filed
May 15, 2023
original filing

Summary

Zebra Capital Management LLC reported $20M in U.S.-listed holdings across 65 positions for Q1 2023.

Its largest position, CVI, represents 3.5% of the portfolio.

Compared with Q4 2022, the fund opened 25 new positions and exited 27.

Portfolio Metrics

Turnover
+29.9%
vs prior filed quarter
Top-10 Concentration
+30.9%
share of reported value
Largest Position
+3.5%
Cvr Energy Inc Com Stk
New / Exited
25 / 27
positions this quarter

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

13F Reported Value
Q4 ’18: $162MQ4 ’18Q1 ’19: $188MQ2 ’19: $193MQ3 ’19: $92MQ3 ’19Q4 ’19: $113MQ1 ’20: $62MQ2 ’20: $69MQ2 ’20Q3 ’20: $65MQ4 ’20: $79MQ1 ’21: $91MQ1 ’21Q2 ’21: $85MQ3 ’21: $83MQ4 ’21: $63MQ4 ’21Q1 ’22: $44MQ2 ’22: $34MQ3 ’22: $26MQ3 ’22Q4 ’22: $29MQ1 ’23: $20Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 98.6%REIT: 1.4%
  • Common Stock · 98.6% · $20M
  • REIT · 1.4% · $280,000

Quarter-over-Quarter Changes full breakdown →

vs Q4 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
CVICVR ENERGY INC COM STKNEW+21.2K21.2K+$696,000$696,000
PATKPATRICK INDS INC COM STKNEW+8.3K8.3K+$570,000$570,000
AEISADVANCED ENERGY INDS INC COM SNEW+5.0K5.0K+$495,000$495,000
NMRKNEWMARK GROUP INCNEW+66.6K66.6K+$471,000$471,000
GMS INCNEW+7.7K7.7K+$445,000$445,000
RYZRYERSON INC CASH MERGENEW+10.3K10.3K+$374,000$374,000
PTCTPTC THERAPEUTICS INCNEW+6.6K6.6K+$320,000$320,000
IMKTAINGLES MKTS INC CL A COM SNEW+3.3K3.3K+$295,000$295,000

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2023

65 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1CVICVR ENERGY INC COM STKhistory →COM3.48%$696,00021.2K
2CNXNPC CONNECTION INC COM STKhistory →COM3.29%$658,00014.6K
3AMKRAMKOR TECHNOLOGY INC COM STKhistory →COM3.18%$636,00024.5K
4VIRVIR BIOTECHNOLOGY INChistory →COM3.15%$631,00027.1K
5UFPIUNIVERSAL FST PRODS INC COM SThistory →COM3.14%$628,0007.9K
6PATTERSON COCOM3.13%$626,00023.4K
7OFFICE DEPOT INC COM STKCOM2.96%$592,00013.2K
8RUSHARUSH ENTERPRISES INCCL A COM Shistory →COM2.90%$580,00010.6K
9PATKPATRICK INDS INC COM STKhistory →COM2.85%$570,0008.3K
10ACTACTAVIS PLC COMMON STOCKhistory →COM2.82%$564,00024.7K
11OTTROTTER TAIL CORP COM STKhistory →COM2.80%$560,0007.7K
12DIODDIODES INC COM STKhistory →COM2.64%$528,0005.7K
13ALKSALKERMES INC COM STKhistory →COM2.56%$512,00018.2K
14INNVINNOVAGE HOLD CORPhistory →COM2.55%$510,00063.9K
15AEISADVANCED ENERGY INDS INC COM Shistory →COM2.47%$495,0005.0K
16NMRKNEWMARK GROUP INChistory →COM2.35%$471,00066.6K
17GMS INCCOM2.22%$445,0007.7K
18KELYAKELLY SERVICES INC CL A COM Shistory →COM2.07%$414,00025.0K
19HUBGHUB GROUP INC CL A COM Shistory →COM2.04%$409,0004.9K
20RYZRYERSON INC CASH MERGEhistory →COM1.87%$374,00010.3K
21CHRDCHORD ENERGY GROUPhistory →COM1.84%$368,0002.7K
22CIVICIVITAS SOLUTIONS INChistory →COM1.80%$360,0005.3K
23CRVLCORVEL CORP COM STKhistory →COM1.65%$330,0001.7K
24COKECOCA COLA BOTTLING CO CONS COMhistory →COM1.60%$321,000600
25NATIONAL WESTERN LIFE INSURANCCOM1.60%$320,0001.3K
26PTCTPTC THERAPEUTICS INChistory →COM1.60%$320,0006.6K
27IMKTAINGLES MKTS INC CL A COM Shistory →COM1.47%$295,0003.3K
28CSG SYSTEMS INTERNATIONAL INCCOM1.46%$293,0005.5K
29SCSCSCANSOURCE INC COM STKhistory →COM1.46%$293,0009.6K
30CRGYCRESCENT ENERGY COMPANYhistory →COM1.45%$291,00025.8K
31MGEEMGE ENERGY INC COM STKhistory →COM1.41%$282,0003.6K
32PCHPOTLATCH HOLDINGS INC COMhistory →COM1.40%$280,0005.7K
33CVCOCAVCO INDUSTRIEShistory →COM1.39%$279,000878
34MMIMOTOROLA MOBILITY HOLDINGShistory →COM1.36%$273,0008.5K
35ATLCATLANTICUS HOLDINGS CORPhistory →COM1.33%$267,0009.8K
36GOLFGOLFSMITH INTL HLDGS INC COM Shistory →COM1.29%$258,0005.1K
37HALOHALOZYME THERAPEUTICS INC COMhistory →COM1.28%$256,0006.7K
38MBINMERCHANTS BANCORPhistory →COM1.27%$255,0009.8K
39SSPE.W. SCRIPPS COMPANY (NEW)(OLDhistory →COM1.25%$250,00026.6K
40WMKWEIS MARKETS INC COM STKhistory →COM1.22%$244,0002.9K
41ONEWONEWATER MARINE INChistory →COM1.11%$223,0008.0K
42ALRMALARM.COM HOLDINGS INChistory →COM1.09%$219,0004.4K
43ACADACADIA PHARMhistory →COM1.09%$218,00011.6K
44CVLTCOMMVAULT SYSTEMS INChistory →COM1.03%$207,0003.6K
45OFIXORTHOFIX INTERNATIONAL NV COMCOM1.00%$200,00011.9K
46RBBNRIBBON COMMUNICATIONS INCCOM0.98%$196,00057.3K
47PACTIV EVERGREEN INCCOM0.94%$188,00023.6K
48DLXDELUXE CORP COM STKCOM0.88%$177,00011.1K
49DASEKE INCCOM0.76%$152,00019.7K
50RESRPC INC COM STKCOM0.76%$152,00019.8K
51AMICUS THERAPEUTICS INCCOM0.68%$137,00012.4K
52HBNCHORIZON BANCORP IND COM STKCOM0.63%$127,00011.5K
53KROKRONOS WORLDWIDE INC COM STKCOM0.60%$120,00013.0K
54RLGTRADIANT LOGISTICS INCCOM0.57%$115,00017.6K
55ACELALFACELL CORP COM STKCOM0.53%$106,00011.6K
56TILEINTERFACE INC CL A COM SCOM0.52%$104,00012.8K
57RMNIRIMINI STREET INCCOM0.50%$101,00024.6K
58BERRY PETE CO CL A COM SCOM0.42%$85,00010.9K
59LCUTLIFETIME BRANDS INC COM STKCOM0.41%$82,00014.0K
60IIIINFORMATION SERVICES GROUPCOM0.36%$73,00014.3K
61DLTHDULUTH HOLDINGS INCCOM0.32%$65,00010.2K
62CMLSQCUMULUS MEDIA INC CL A COM SCOM0.31%$62,00016.7K
63DXLGCASUAL MALE RETAIL GROUP INC CCOM0.30%$60,00010.8K
64HOME POINT CAPITAL INCCOM0.27%$55,00028.5K
65TEADONEBEACON INSURANCE GROUP LTDCOM0.27%$54,00013.1K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2023$20M65May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$29M67Feb 14, 202313F-HRchanges · EDGAR ↗
Q3 2022$26M81Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$34M98Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$44M116May 16, 202213F-HRchanges · EDGAR ↗
Q4 2021$63M155Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$83M182Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$85M160Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$91M169May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$79M163Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$65M167Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$69M217Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$62M226May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$113M292Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$92M230Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$193M452Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$188M429May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$162M376Feb 14, 201913F-HRchanges · 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 ↗.