Managers / Q4 2018 · view latest →
Fondren Management LP
CIK 0001328331 · 1177 WEST LOOP SOUTH, SUITE 1625, HOUSTON, TX, 77027 · 713.877.0089
Reported Value
$77M
Q4 2018
Positions
76
Filings on Record
8
2019–present window
Filed
Feb 14, 2019
original filing
Summary
Fondren Management LP reported $77M in U.S.-listed holdings across 76 positions for Q4 2018.
Its largest position, BH, represents 10.7% of the portfolio.
Portfolio Metrics
Top-10 Concentration
+49.8%
share of reported value
Largest Position
+10.7%
Biglari
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
Portfolio Composition
By security type
- Common Stock · 87.6% · $67M
- Other · 11.4% · $9M
- ADR · 1.0% · $771,000
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BHBIGLARI HLDGS INC | NEW | +53.8K | 53.8K | +$6M | $6M |
| BBX CAP CORP NEW | NEW | +914.2K | 914.2K | +$5M | $5M |
| GLOBALSCAPE INC | NEW | +1.02M | 1.02M | +$5M | $5M |
| EGYVAALCO ENERGY INC | NEW | +2.47M | 2.47M | +$4M | $4M |
| SUPPORT COM INC | NEW | +1.30M | 1.30M | +$3M | $3M |
| MEDLEY CAP CORP | NEW | +1.18M | 1.18M | +$3M | $3M |
| ACTGACACIA RESH CORP | NEW | +1.02M | 1.02M | +$3M | $3M |
| CRD/ACRAWFORD & CO | NEW | +305.0K | 305.0K | +$3M | $3M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2018
75 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BHBIGLARI HLDGS INC | COM STK CL B · COM STK CL A | 10.75% | $8M | 57.4K |
| 2 | BBX CAP CORP NEW | CL A | 6.84% | $5M | 914.2K |
| 3 | GLOBALSCAPE INC | COM | 5.97% | $5M | 1.02M |
| 4 | EGYVAALCO ENERGY INChistory → | COM NEW | 4.74% | $4M | 2.47M |
| 5 | SUPPORT COM INC | COM NEW | 4.18% | $3M | 1.30M |
| 6 | MEDLEY CAP CORP | COM | 4.10% | $3M | 1.18M |
| 7 | ACTGACACIA RESH CORPhistory → | ACACIA TCH COM | 3.99% | $3M | 1.02M |
| 8 | CRD/ACRAWFORD & COhistory → | CL A | 3.55% | $3M | 305.0K |
| 9 | WKCWORLD FUEL SVCS CORPhistory → | COM | 2.94% | $2M | 105.0K |
| 10 | SPIRIT MTA REIT | COM SHS BEN IN | 2.80% | $2M | 300.5K |
| 11 | THESTREET INC | COM | 2.11% | $2M | 796.8K |
| 12 | ALOTASTRONOVA INChistory → | COM | 1.93% | $1M | 78.8K |
| 13 | STRSSTRATUS PPTYS INChistory → | COM NEW | 1.88% | $1M | 60.0K |
| 14 | LKQLKQ CORPhistory → | COM | 1.86% | $1M | 60.0K |
| 15 | PLATFORM SPECIALTY PRODS COR | COM | 1.62% | $1M | 120.0K |
| 16 | HHSHARTE-HANKS INChistory → | COM | 1.55% | $1M | 489.1K |
| 17 | AAPLAPPLE INChistory → | COM | 1.44% | $1M | 7.0K |
| 18 | SPARTON CORP | COM | 1.42% | $1M | 60.0K |
| 19 | SRESEMPRA ENERGYhistory → | COM | 1.41% | $1M | 10.0K |
| 20 | FINJAN HLDGS INC | COM NEW | 1.38% | $1M | 420.0K |
| 21 | APOLLO GLOBAL MGMT LLC | CL A SHS | 1.28% | $982,000 | 40.0K |
| 22 | USFDUS FOODS HLDG CORPhistory → | COM | 1.24% | $949,000 | 30.0K |
| 23 | KKRKKR & CO INChistory → | CL A | 1.22% | $932,000 | 47.5K |
| 24 | TPCOTRIBUNE PUBG CO NEWhistory → | COM | 1.07% | $822,000 | 72.5K |
| 25 | TRIBGBPTRINITY BIOTECH PLChistory → | SPON ADR NEW | 1.01% | $771,000 | 336.8K |
| 26 | PAPA MURPHYS HLDGS INC | COM | 0.99% | $760,000 | 160.0K |
| 27 | NWLNEWELL BRANDS INC | COM | 0.97% | $744,000 | 40.0K |
| 28 | PDFSPDF SOLUTIONS INC | COM | 0.94% | $717,000 | 85.0K |
| 29 | DFRGDEL FRISCOS RESTAURANT GROUP | COM | 0.93% | $715,000 | 100.0K |
| 30 | ASHASHLAND GLOBAL HLDGS INC | COM | 0.93% | $710,000 | 10.0K |
| 31 | EQTEQT CORP | COM | 0.86% | $661,000 | 35.0K |
| 32 | TACTTRANSACT TECHNOLOGIES INC | COM | 0.86% | $657,000 | 73.2K |
| 33 | CCITIGROUP INC | COM NEW | 0.85% | $651,000 | 12.5K |
| 34 | OMFONEMAIN HLDGS INC | COM | 0.79% | $607,000 | 25.0K |
| 35 | OHA INVT CORP | COM | 0.79% | $606,000 | 600.0K |
| 36 | EGRXEAGLE PHARMACEUTICALS INC | COM | 0.79% | $604,000 | 15.0K |
| 37 | CUTERA INC | COM | 0.78% | $596,000 | 35.0K |
| 38 | ECLIPSE RES CORP | COM | 0.75% | $578,000 | 550.0K |
| 39 | ZAYO GROUP HLDGS INC | COM | 0.75% | $571,000 | 25.0K |
| 40 | LIONS GATE ENTMNT CORP | CL A VTG | 0.74% | $564,000 | 35.0K |
| 41 | MODEL N INC | COM | 0.69% | $529,000 | 40.0K |
| 42 | SINCLAIR BROADCAST GROUP INC | CL A | 0.69% | $527,000 | 20.0K |
| 43 | GPREGREEN PLAINS INC | COM | 0.68% | $524,000 | 40.0K |
| 44 | REZIRESIDEO TECHNOLOGIES INC | COM | 0.67% | $514,000 | 25.0K |
| 45 | KOPKOPPERS HOLDINGS INC | COM | 0.67% | $511,000 | 30.0K |
| 46 | GIFIGULF ISLAND FABRICATION INC | COM | 0.66% | $505,000 | 70.0K |
| 47 | NPOENPRO INDS INC | COM | 0.63% | $481,000 | 8.0K |
| 48 | JACKJACK IN THE BOX INC | COM | 0.61% | $466,000 | 6.0K |
| 49 | ACTIVISION BLIZZARD INC | COM | 0.61% | $466,000 | 10.0K |
| 50 | BDCBELDEN INC | COM | 0.55% | $418,000 | 10.0K |
| 51 | EVERI HLDGS INC | COM | 0.54% | $412,000 | 80.0K |
| 52 | RMCFROCKY MTN CHOCOLATE FACTORY | COM | 0.53% | $403,000 | 47.2K |
| 53 | CAPITAL SR LIVING CORP | COM | 0.51% | $391,000 | 57.5K |
| 54 | CBBCINCINNATI BELL INC NEW | COM NEW | 0.51% | $389,000 | 50.0K |
| 55 | RLHRED LION HOTELS CORP | COM | 0.48% | $369,000 | 45.0K |
| 56 | STERICYCLE INC | COM | 0.48% | $367,000 | 10.0K |
| 57 | ATECALPHATEC HOLDINGS INC | COM NEW | 0.48% | $366,000 | 160.0K |
| 58 | CONTANGO OIL & GAS COMPANY | COM NEW | 0.47% | $358,000 | 110.0K |
| 59 | AXTAAXALTA COATING SYS LTD | COM | 0.46% | $351,000 | 15.0K |
| 60 | MDCAMDC PARTNERS INC | CL A SUB VTG | 0.43% | $326,000 | 125.0K |
| 61 | CONSOL ENERGY INC NEW | COM | 0.41% | $317,000 | 10.0K |
| 62 | QUANTUM CORP | COM NEW | 0.39% | $300,000 | 150.0K |
| 63 | RESOLUTE FST PRODS INC | COM | 0.36% | $278,000 | 35.0K |
| 64 | ROSEHILL RES INC | CL A | 0.29% | $223,000 | 100.0K |
| 65 | MITKMITEK SYS INC | COM NEW | 0.28% | $216,000 | 20.0K |
| 66 | VOLT INFORMATION SCIENCES IN | COM | 0.28% | $215,000 | 100.0K |
| 67 | OLNOLIN CORP | COM PAR $1 | 0.26% | $201,000 | 10.0K |
| 68 | DHXDHI GROUP INC | COM | 0.26% | $198,000 | 130.0K |
| 69 | PACIFIC ETHANOL INC | COM PAR $.001 | 0.22% | $172,000 | 200.0K |
| 70 | EARTHSTONE ENERGY INC | CL A | 0.21% | $158,000 | 35.0K |
| 71 | USA TECHNOLOGIES INC | COM NO PAR | 0.20% | $156,000 | 40.0K |
| 72 | AUTOWEB INC | COM | 0.20% | $153,000 | 50.0K |
| 73 | SUNWORKS INC | COM | 0.11% | $83,000 | 315.0K |
| 74 | CBKCQCHRISTOPHER & BANKS CORP | COM | 0.11% | $81,000 | 175.0K |
| 75 | GLOBAL SHIP LEASE INC NEW | SHS A | 0.10% | $74,000 | 120.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2020 | $17M | 16 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $26M | 25 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $39M | 69 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $98M | 84 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $120M | 77 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $105M | 72 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $126M | 82 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $77M | 76 | Feb 14, 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 ↗.