Managers / Q1 2019 · view latest →
Fondren Management LP
CIK 0001328331 · 1177 WEST LOOP SOUTH, SUITE 1625, HOUSTON, TX, 77027 · 713.877.0089
Reported Value
$126M
Q1 2019
Positions
82
Filings on Record
7
2019–present window
Filed
May 15, 2019
original filing
Summary
Fondren Management LP reported $126M in U.S.-listed holdings across 82 positions for Q1 2019.
Its largest position, BH, represents 10.5% of the portfolio.
Portfolio Metrics
Top-10 Concentration
+52.4%
share of reported value
Largest Position
+10.5%
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 · 86.6% · $109M
- Other · 10.3% · $13M
- Ltd Part · 1.7% · $2M
- ADR · 0.8% · $1M
- MLP · 0.4% · $461,000
- REIT · 0.3% · $371,000
Quarter-over-Quarter Changes full breakdown →
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| BHBIGLARI HLDGS INC | NEW | +72.6K | 72.6K | +$10M | $10M |
| MONOTYPE IMAGING HOLDINGS IN | NEW | +421.0K | 421.0K | +$8M | $8M |
| GLOBALSCAPE INC | NEW | +1.13M | 1.13M | +$7M | $7M |
| BBX CAP CORP NEW | NEW | +1.10M | 1.10M | +$7M | $7M |
| WKCWORLD FUEL SVCS CORP | NEW | +207.5K | 207.5K | +$6M | $6M |
| CAI INTERNATIONAL INC | NEW | +247.0K | 247.0K | +$6M | $6M |
| EGYVAALCO ENERGY INC | NEW | +2.47M | 2.47M | +$6M | $6M |
| FLOTEK INDS INC DEL | NEW | +1.60M | 1.60M | +$5M | $5M |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2019
81 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BHBIGLARI HLDGS INC | COM STK CL B · COM STK CL A | 10.54% | $13M | 76.6K |
| 2 | MONOTYPE IMAGING HOLDINGS IN | COM | 6.67% | $8M | 421.0K |
| 3 | GLOBALSCAPE INC | COM | 5.71% | $7M | 1.13M |
| 4 | BBX CAP CORP NEW | CL A | 5.18% | $7M | 1.10M |
| 5 | WKCWORLD FUEL SVCS CORPhistory → | COM | 4.77% | $6M | 207.5K |
| 6 | CAI INTERNATIONAL INC | COM | 4.56% | $6M | 247.0K |
| 7 | EGYVAALCO ENERGY INChistory → | COM NEW | 4.41% | $6M | 2.47M |
| 8 | FLOTEK INDS INC DEL | COM | 4.14% | $5M | 1.60M |
| 9 | MEDLEY CAP CORP | COM | 3.51% | $4M | 1.42M |
| 10 | LKQLKQ CORPhistory → | COM | 2.94% | $4M | 130.0K |
| 11 | DINDINE BRANDS GLOBAL INChistory → | COM | 2.91% | $4M | 40.0K |
| 12 | CRD/ACRAWFORD & COhistory → | CL A | 2.56% | $3M | 347.5K |
| 13 | SUPPORT COM INC | COM NEW | 2.34% | $3M | 1.30M |
| 14 | ROANROAN RES INChistory → | CL A COM | 1.81% | $2M | 372.0K |
| 15 | TACTTRANSACT TECHNOLOGIES INChistory → | COM | 1.76% | $2M | 241.7K |
| 16 | STEEL PARTNERS HLDGS L P | LTD PRTRSHIP U | 1.65% | $2M | 150.0K |
| 17 | SPIRIT MTA REIT | COM SHS BEN IN | 1.58% | $2M | 305.0K |
| 18 | HHSHARTE-HANKS INChistory → | COM | 1.50% | $2M | 526.4K |
| 19 | THESTREET INC | COM | 1.48% | $2M | 796.8K |
| 20 | STRSSTRATUS PPTYS INChistory → | COM NEW | 1.39% | $2M | 66.0K |
| 21 | LSAKNET 1 UEPS TECHNOLOGIES INChistory → | COM NEW | 1.36% | $2M | 477.5K |
| 22 | TRANSGLOBE ENERGY CORP | COM | 1.31% | $2M | 871.6K |
| 23 | ALOTASTRONOVA INChistory → | COM | 1.30% | $2M | 79.8K |
| 24 | TPCOTRIBUNE PUBG CO NEWhistory → | COM | 1.18% | $1M | 126.2K |
| 25 | VENATOR MATLS PLC | SHS | 1.12% | $1M | 250.0K |
| 26 | RMCFROCKY MTN CHOCOLATE FACTORYhistory → | COM | 1.10% | $1M | 153.1K |
| 27 | MODEL N INC | COM | 0.98% | $1M | 70.0K |
| 28 | EVERI HLDGS INC | COM | 0.84% | $1M | 100.0K |
| 29 | TRIBGBPTRINITY BIOTECH PLC | SPON ADR NEW | 0.83% | $1M | 367.4K |
| 30 | OPIANT PHARMACEUTICALS INC | COM | 0.82% | $1M | 79.0K |
| 31 | DFRGDEL FRISCOS RESTAURANT GROUP | COM | 0.82% | $1M | 160.0K |
| 32 | USA TECHNOLOGIES INC | COM NO PAR | 0.81% | $1M | 245.0K |
| 33 | PBIPITNEY BOWES INC | COM | 0.77% | $962,000 | 140.0K |
| 34 | PAPA MURPHYS HLDGS INC | COM | 0.67% | $846,000 | 161.4K |
| 35 | VALHI INC NEW | COM | 0.63% | $797,000 | 345.0K |
| 36 | GUESS INC | COM | 0.62% | $784,000 | 40.0K |
| 37 | OHA INVT CORP | COM | 0.57% | $720,000 | 600.0K |
| 38 | ZAYO GROUP HLDGS INC | COM | 0.57% | $711,000 | 25.0K |
| 39 | CUTERA INC | COM | 0.56% | $706,000 | 40.0K |
| 40 | LIONS GATE ENTMNT CORP | CL A VTG | 0.56% | $704,000 | 45.0K |
| 41 | PS1COMPUTER PROGRAMS & SYS INC | COM | 0.53% | $668,000 | 22.5K |
| 42 | HARVARD BIOSCIENCE INC | COM | 0.52% | $647,000 | 150.0K |
| 43 | GDENGOLDEN ENTMT INC | COM | 0.51% | $637,000 | 45.0K |
| 44 | GIFIGULF ISLAND FABRICATION INC | COM | 0.48% | $609,000 | 66.4K |
| 45 | ACTGACACIA RESH CORP | ACACIA TCH COM | 0.45% | $571,000 | 175.0K |
| 46 | MDCAMDC PARTNERS INC | CL A SUB VTG | 0.45% | $563,000 | 250.0K |
| 47 | MGMMGM RESORTS INTERNATIONAL | COM | 0.41% | $513,000 | 20.0K |
| 48 | VOLT INFORMATION SCIENCES IN | COM | 0.37% | $470,000 | 100.0K |
| 49 | ETENERGY TRANSFER LP | COM UT LTD PTN | 0.37% | $461,000 | 30.0K |
| 50 | VITAMIN SHOPPE INC | COM | 0.37% | $460,000 | 65.4K |
| 51 | TEEKAY OFFSHORE PARTNERS L P | PARTNERSHIP UN | 0.36% | $453,000 | 377.1K |
| 52 | UNIVAR INC | COM | 0.35% | $443,000 | 20.0K |
| 53 | ATECALPHATEC HOLDINGS INC | COM NEW | 0.34% | $424,000 | 160.0K |
| 54 | NNBRNN INC | COM | 0.33% | $412,000 | 55.0K |
| 55 | BDCBELDEN INC | COM | 0.32% | $403,000 | 7.5K |
| 56 | NPOENPRO INDS INC | COM | 0.31% | $387,000 | 6.0K |
| 57 | RAHRECRO PHARMA INC | COM | 0.30% | $381,000 | 65.0K |
| 58 | ITERIS INC | COM | 0.30% | $372,000 | 89.1K |
| 59 | FRONT YD RESIDENTIAL CORP | COM | 0.30% | $371,000 | 40.0K |
| 60 | HILL INTERNATIONAL INC | COM | 0.29% | $365,000 | 125.0K |
| 61 | VOXX INTL CORP | CL A | 0.25% | $319,000 | 69.1K |
| 62 | PLAYA HOTELS & RESORTS NV | SHS | 0.24% | $305,000 | 40.0K |
| 63 | MRMONTAGE RES CORP | COM | 0.24% | $301,000 | 20.0K |
| 64 | RESOLUTE FST PRODS INC | COM | 0.22% | $277,000 | 35.0K |
| 65 | PACIFIC ETHANOL INC | COM PAR $.001 | 0.22% | $271,000 | 276.9K |
| 66 | DHXDHI GROUP INC | COM | 0.21% | $261,000 | 107.5K |
| 67 | KOPKOPPERS HOLDINGS INC | COM | 0.21% | $260,000 | 10.0K |
| 68 | IMMRIMMERSION CORP | COM | 0.20% | $253,000 | 30.0K |
| 69 | CURO GROUP HLDGS CORP | COM | 0.20% | $251,000 | 25.0K |
| 70 | LAREDO PETROLEUM INC | COM | 0.20% | $247,000 | 80.0K |
| 71 | CAPITAL SR LIVING CORP | COM | 0.19% | $239,000 | 60.0K |
| 72 | MILLENDO THERAPEUTICS INC | COM | 0.17% | $217,000 | 14.5K |
| 73 | AUTOWEB INC | COM | 0.15% | $189,000 | 50.0K |
| 74 | GFNGENERAL FIN CORP DEL | COM | 0.15% | $187,000 | 20.0K |
| 75 | GSLGLOBAL SHIP LEASE INC NEW | COM CL A | 0.14% | $177,000 | 30.6K |
| 76 | TOP IMAGE SYSTEMS LTD | ORD | 0.13% | $168,000 | 200.0K |
| 77 | LEAFLEAF GROUP LTD | COM | 0.13% | $160,000 | 20.0K |
| 78 | SUNWORKS INC | COM | 0.11% | $138,000 | 315.0K |
| 79 | ROSEHILL RES INC | CL A | 0.09% | $119,000 | 35.0K |
| 80 | CBKCQCHRISTOPHER & BANKS CORP | COM | 0.06% | $70,000 | 205.4K |
| 81 | ONCOMED PHARMACEUTICALS INC | COM | 0.02% | $26,000 | 25.1K |
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 ↗ |
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 ↗.