Managers / Q1 2020 · view latest →
Fondren Management LP
CIK 0001328331 · 1177 WEST LOOP SOUTH, SUITE 1625, HOUSTON, TX, 77027 · 713.877.0089
Summary
Fondren Management LP reported $39M in U.S.-listed holdings across 69 positions for Q1 2020.
Its largest position, BH, represents 11.6% of the portfolio.
Compared with Q4 2019, the fund opened 34 new positions and exited 49.
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 · 84.1% · $33M
- ETP · 6.7% · $3M
- Other · 6.4% · $3M
- ADR · 1.9% · $729,000
- Closed-End Fund · 0.9% · $373,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| QUMU CORP | NEW | +845.1K | 845.1K | +$1M | $1M |
| SPDR SER TR | NEW | +7.5K | 7.5K | +$711,000 | $711,000 |
| LYDALL INC DEL | NEW | +110.0K | 110.0K | +$711,000 | $711,000 |
| ISHARES TR | NEW | +7.0K | 7.0K | +$539,000 | $539,000 |
| GDXVANECK VECTORS ETF TR | NEW | +20.0K | 20.0K | +$461,000 | $461,000 |
| QUANTUM CORP | NEW | +155.0K | 155.0K | +$457,000 | $457,000 |
| ALPS ETF TR | NEW | +125.0K | 125.0K | +$430,000 | $430,000 |
| JPMJPMORGAN CHASE & CO | NEW | +4.5K | 4.5K | +$405,000 | $405,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | BHBIGLARI HLDGS INC | COM STK CL B · COM STK CL A | 11.59% | $5M | 81.0K |
| 2 | OPIANT PHARMACEUTICALS INC | COM | 7.65% | $3M | 314.3K |
| 3 | IMMRIMMERSION CORPhistory → | COM | 6.40% | $3M | 470.0K |
| 4 | EGYVAALCO ENERGY INChistory → | COM NEW | 5.66% | $2M | 2.47M |
| 5 | SYNCSYNACOR INChistory → | COM | 5.51% | $2M | 2.13M |
| 6 | SUPPORT COM INC | COM NEW | 3.60% | $1M | 1.30M |
| 7 | QUMU CORP | COM | 3.56% | $1M | 845.1K |
| 8 | PS1COMPUTER PROGRAMS & SYS INChistory → | COM | 3.56% | $1M | 63.0K |
| 9 | RMCFROCKY MTN CHOCOLATE FACTORYhistory → | COM | 2.59% | $1M | 212.6K |
| 10 | INGRINGREDION INChistory → | COM | 2.49% | $982,000 | 13.0K |
| 11 | TRANSGLOBE ENERGY CORP | COM | 2.44% | $961,000 | 2.68M |
| 12 | NXT ID INC | COM NEW | 2.17% | $856,000 | 2.45M |
| 13 | HHSHARTE-HANKS INChistory → | COM | 2.07% | $813,000 | 517.8K |
| 14 | LYDALL INC DEL | COM | 1.81% | $711,000 | 110.0K |
| 15 | SPDR SER TR | BLOOMBERG BRCLYS | 1.81% | $711,000 | 7.5K |
| 16 | MEDLEY CAP CORP | COM | 1.72% | $678,000 | 1.17M |
| 17 | CUI GLOBAL INC | COM NEW | 1.66% | $655,000 | 735.0K |
| 18 | UNIVERSAL STAINLESS & ALLOY | COM | 1.57% | $617,000 | 80.0K |
| 19 | ISHARES TR | IBOXX HI YD ETF | 1.37% | $539,000 | 7.0K |
| 20 | CRD/ACRAWFORD & CO | CL A · CL B | 1.31% | $515,000 | 74.6K |
| 21 | MIX TELEMATICS LTD | SPONSORED ADR | 1.21% | $476,000 | 55.0K |
| 22 | GDXVANECK VECTORS ETF TRhistory → | GOLD MINERS ETF | 1.17% | $461,000 | 20.0K |
| 23 | QUANTUM CORP | COM NEW | 1.16% | $457,000 | 155.0K |
| 24 | ALPS ETF TR | ALERIAN MLP | 1.09% | $430,000 | 125.0K |
| 25 | HQIHIREQUEST INChistory → | COM | 1.09% | $428,000 | 71.7K |
| 26 | JPMJPMORGAN CHASE & COhistory → | COM | 1.03% | $405,000 | 4.5K |
| 27 | GLOBALSCAPE INC | COM | 1.02% | $402,000 | 56.5K |
| 28 | BCOBRINKS CO | COM | 0.92% | $364,000 | 7.0K |
| 29 | HWCCHOUSTON WIRE & CABLE CO | COM | 0.92% | $362,000 | 165.1K |
| 30 | SYYSYSCO CORP | COM | 0.87% | $342,000 | 7.5K |
| 31 | NSPINSPERITY INC | COM | 0.85% | $336,000 | 9.0K |
| 32 | SBUXSTARBUCKS CORP | COM | 0.84% | $329,000 | 5.0K |
| 33 | MSFTMICROSOFT CORP | COM | 0.80% | $315,000 | 2.0K |
| 34 | ACMAECOM | COM | 0.76% | $299,000 | 10.0K |
| 35 | DELLDELL TECHNOLOGIES INC | CL C | 0.75% | $297,000 | 7.5K |
| 36 | XEFRXEATON VANCE SR FLTNG RTE TR | COM | 0.75% | $296,000 | 30.0K |
| 37 | MPCMARATHON PETE CORP | COM | 0.75% | $295,000 | 12.5K |
| 38 | VNQVANGUARD INDEX FDS | REAL ESTATE ETF | 0.71% | $279,000 | 4.0K |
| 39 | GDOTGREEN DOT CORP | CL A | 0.65% | $254,000 | 10.0K |
| 40 | TRIBGBPTRINITY BIOTECH PLC | SPON ADR NEW | 0.64% | $253,000 | 230.0K |
| 41 | VMWARE INC | CL A COM | 0.61% | $242,000 | 2.0K |
| 42 | LUBYS INC | COM | 0.61% | $239,000 | 357.0K |
| 43 | CMPCOMPASS MINERALS INTL INC | COM | 0.59% | $231,000 | 6.0K |
| 44 | HARVARD BIOSCIENCE INC | COM | 0.56% | $221,000 | 100.0K |
| 45 | ATENA10 NETWORKS INC | COM | 0.55% | $217,000 | 35.0K |
| 46 | CRMSALESFORCE COM INC | COM | 0.55% | $216,000 | 1.5K |
| 47 | EXTERRAN CORP | COM | 0.55% | $216,000 | 45.0K |
| 48 | UGIUGI CORP NEW | COM | 0.54% | $213,000 | 8.0K |
| 49 | LAURLAUREATE EDUCATION INC | CL A | 0.53% | $210,000 | 20.0K |
| 50 | BKLNINVESCO EXCHANGE-TRADED FD T | SR LN ETF | 0.52% | $205,000 | 10.0K |
| 51 | BKNGBOOKING HLDGS INC | COM | 0.51% | $202,000 | 150 |
| 52 | VVVVALVOLINE INC | COM | 0.50% | $196,000 | 15.0K |
| 53 | GPXGP STRATEGIES CORP | COM | 0.50% | $195,000 | 30.0K |
| 54 | DFINDONNELLEY FINL SOLUTIONS INC | COM | 0.43% | $171,000 | 32.5K |
| 55 | AVID TECHNOLOGY INC | COM | 0.43% | $168,000 | 25.0K |
| 56 | PORTMAN RIDGE FIN CORP | COM | 0.43% | $168,000 | 179.1K |
| 57 | TPCOTRIBUNE PUBG CO NEW | COM | 0.41% | $162,000 | 20.0K |
| 58 | PRIMO WATER CORPORATION | COM | 0.35% | $136,000 | 15.0K |
| 59 | ZIXIZIX CORP | COM | 0.33% | $129,000 | 30.0K |
| 60 | BROADVISION INC | COM PAR | 0.31% | $124,000 | 28.8K |
| 61 | CIRCOR INTL INC | COM | 0.29% | $116,000 | 10.0K |
| 62 | LSAKNET 1 UEPS TECHNOLOGIES INC | COM NEW | 0.29% | $116,000 | 40.0K |
| 63 | APERGY CORP | COM | 0.29% | $115,000 | 20.0K |
| 64 | LEAFLEAF GROUP LTD | COM | 0.29% | $114,000 | 85.0K |
| 65 | UTIUNIVERSAL TECHNICAL INST INC | COM | 0.23% | $89,000 | 15.0K |
| 66 | XPHDXPIONEER FLOATING RATE TR | COM | 0.20% | $77,000 | 10.0K |
| 67 | PLX PHARMA INC | COM | 0.06% | $23,000 | 10.0K |
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 ↗ |
Other Included Managers
This filing reports holdings on behalf of 2 additional managers.
- FMLP Inc.028-19628
- Radoff Bradley Louis028-19629
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 ↗.