SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Adirondack Research & Management Inc.

CIK 0001569100 · 2390 WESTERN AVENUE, GUILDERLAND, NY, 12084 · 518-690-0470

Reported Value
$161M
Q1 2019
Positions
100
Filings on Record
11
2019–present window
Filed
May 20, 2019
original filing

Summary

Adirondack Research & Management Inc. reported $161M in U.S.-listed holdings across 100 positions for Q1 2019.

Its largest position, Owens Ill, represents 3.2% of the portfolio.

Portfolio Metrics

Top-10 Concentration
+28.0%
share of reported value
Largest Position
+3.2%
Owens Ill

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
Q1 ’19: $161MQ1 ’19Q2 ’19: $139MQ3 ’19: $115MQ3 ’19Q4 ’19: $115MQ1 ’20: $72MQ1 ’20Q2 ’20: $76MQ3 ’20: $72MQ3 ’20Q4 ’20: $73MQ1 ’21: $85MQ1 ’21Q2 ’21: $86MQ3 ’21: $82MQ3 ’21filingsflow.com

Portfolio Composition

By security type
Common Stock: 84.8%Other: 6.3%ADR: 3.1%REIT: 2.5%MLP: 2.3%Other: 1.0%
  • Common Stock · 84.8% · $136M
  • Other · 6.3% · $10M
  • ADR · 3.1% · $5M
  • REIT · 2.5% · $4M
  • MLP · 2.3% · $4M
  • Other · 1.0% · $2M

Quarter-over-Quarter Changes full breakdown →

IssuerMoveShare ΔShares nowValue ΔValue now
OWENS ILL INCNEW+267.3K267.3K+$5M$5M
OFFICE DEPOT INCNEW+1.29M1.29M+$5M$5M
VONAGE HLDGS CORPNEW+457.9K457.9K+$5M$5M
NATIONAL WESTN LIFE INS CONEW+17.5K17.5K+$5M$5M
ADTRAN INCNEW+330.0K330.0K+$5M$5M
MDRXALLSCRIPTS HEALTHCARE SOLUTNNEW+471.4K471.4K+$4M$4M
COVANTA HLDG CORPNEW+257.9K257.9K+$4M$4M
SOUTHWESTERN ENERGY CONEW+897.8K897.8K+$4M$4M

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

Holdings — Q1 2019

100 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1OWENS ILL INCCOM NEW3.16%$5M267.3K
2OFFICE DEPOT INCCOM2.92%$5M1.29M
3VONAGE HLDGS CORPCOM2.86%$5M457.9K
4NATIONAL WESTN LIFE INS COCL A2.86%$5M17.5K
5ADTRAN INCCOM2.82%$5M330.0K
6MDRXALLSCRIPTS HEALTHCARE SOLUTNhistory →COM2.80%$4M471.4K
7COVANTA HLDG CORPCOM2.78%$4M257.9K
8SOUTHWESTERN ENERGY COCOM2.62%$4M897.8K
9MTGMGIC INVT CORP WIShistory →COM2.61%$4M317.9K
10SEBSEABOARD CORPhistory →COM2.56%$4M960
11MFA FINL INCCOM2.50%$4M553.1K
12SANMSANMINA CORPORATIONhistory →COM2.29%$4M127.5K
13CELESTICA INCSUB VTG SHS2.22%$4M421.8K
14TRIUMPH GROUP INC NEWCOM2.17%$3M183.0K
15DFINDONNELLEY FINL SOLUTIONS INChistory →COM2.06%$3M222.5K
16CNDTCONDUENT INChistory →COM2.06%$3M238.9K
17CLARCLARUS CORP NEWhistory →COM2.04%$3M256.2K
18GTNGRAY TELEVISION INChistory →COM2.00%$3M150.1K
19AAALCOA CORPhistory →COM1.95%$3M110.9K
20MR COOPER GROUP INCCOM1.92%$3M320.8K
21OAKTREE CAP GROUP LLCUNIT CL A1.91%$3M61.8K
22AEROHIVE NETWORKS INCCOM1.90%$3M671.5K
23CLFCLEVELAND CLIFFS INChistory →COM1.84%$3M295.7K
24STCSTEWART INFORMATION SVCS CORhistory →COM1.83%$3M68.7K
25CNOCNO FINL GROUP INChistory →COM1.75%$3M173.7K
26FLY LEASING LTDSPONSORED ADR1.72%$3M199.5K
27ARAYACCURAY INChistory →COM1.58%$3M532.3K
28ASCARDMORE SHIPPING CORPhistory →COM1.53%$2M398.8K
29PATTERSON COMPANIES INCCALL1.45%$2M106.6K
30JBLUJETBLUE AIRWAYS CORPhistory →COM1.45%$2M142.0K
31HARVARD BIOSCIENCE INCCOM1.17%$2M435.0K
32COWEN INCCL A NEW1.16%$2M128.4K
33ROWAN COMPANIES PLCSHS CL A1.14%$2M170.1K
34GNWGENWORTH FINL INChistory →COM CL A1.08%$2M451.6K
35SEACOR HOLDINGS INCCOM1.02%$2M38.9K
36VSHVISHAY INTERTECHNOLOGY INCCOM1.00%$2M86.6K
37TRIBGBPTRINITY BIOTECH PLCSPON ADR NEW0.98%$2M552.4K
38TTITETRA TECHNOLOGIES INC DELCOM0.96%$2M657.4K
39CECOCECO ENVIRONMENTAL CORPCOM0.94%$2M209.3K
40INFINERA CORPORATIONCOM0.90%$1M334.0K
41CARRIZO OIL & GAS INCCOM0.88%$1M113.7K
42BROOKLINE BANCORP INC DELCOM0.83%$1M92.4K
43MANITEX INTL INCCOM0.83%$1M173.6K
44CSS INDS INCCOM0.80%$1M215.2K
45LYDALL INC DELCOM0.79%$1M54.3K
46GSMFERROGLOBE PLCSHS0.74%$1M578.8K
47INVESTORS REAL ESTATE TRSH BEN INT0.74%$1M19.8K
48NTCTNETSCOUT SYS INCCOM0.74%$1M42.1K
49ATENA10 NETWORKS INCCOM0.71%$1M160.5K
50VZVERIZON COMMUNICATIONS INCCOM0.68%$1M18.4K
51ORION ENERGY SYSTEMS INCCOM0.68%$1M1.22M
52THESTREET INCCOM0.67%$1M459.1K
53INVACARE CORPCOM0.64%$1M123.7K
54SCHNITZER STL INDSCL A0.61%$972,00040.5K
55CODICOMPASS DIVERSIFIED HOLDINGSSH BEN INT0.59%$952,00060.7K
56TAUSDTRAVELCENTERS OF AMER LLCCOM0.58%$934,000227.3K
57LYTSLSI INDS INCCOM0.54%$864,000328.5K
58HORIZON GLOBAL CORPCOM0.53%$848,000437.2K
59HILL INTERNATIONAL INCCOM0.48%$775,000265.3K
60VRRMVERRA MOBILITY CORPCOM0.44%$711,00059.7K
61ADMARCHER DANIELS MIDLAND COCOM0.44%$704,00016.3K
62HESS MIDSTREAM PARTNERS LPUNIT LTD PR INT0.43%$691,00032.6K
63NOKNOKIA CORPSPONSORED ADR0.42%$676,000118.3K
64WLKPWESTLAKE CHEM PARTNERS LPCOM UNIT RP LP0.42%$673,00029.6K
65UNFIUNITED NAT FOODS INCCOM0.38%$607,00045.9K
66TSNTYSON FOODS INCCL A0.37%$600,0008.6K
67MSFTMICROSOFT CORPCOM0.37%$590,0005.0K
68GRACE W R & CO DEL NEWCOM0.37%$586,0007.5K
69DFPFLAHERTY & CRUMRINE DYN PFDSHS0.36%$580,00025.4K
70ARMKARAMARKCOM0.34%$544,00018.4K
71BSXBOSTON SCIENTIFIC CORPCOM0.33%$524,00013.7K
72KRPKIMBELL RTY PARTNERS LPUNIT0.32%$509,00027.8K
73RLHRED LION HOTELS CORPCOM0.30%$479,00059.3K
74DOWDUPONT INCCOM0.30%$474,0008.9K
75EXCEXELON CORPCOM0.29%$461,0009.2K
76NUANCE COMMUNICATIONS INCCOM0.28%$450,00026.6K
77HIGHARTFORD FINL SVCS GROUP INCCOM0.26%$425,0008.6K
78TAT&T INCCOM0.26%$414,00013.2K
79MDLZMONDELEZ INTL INCCL A0.25%$397,0008.0K
80JAKKS PAC INCCOM0.24%$388,000384.0K
81PFEPFIZER INCCOM0.24%$382,0009.0K
82METMETLIFE INCCOM0.24%$381,0009.0K
83TECKTECK RESOURCES LTDCL B0.24%$378,00016.3K
84EDCONSOLIDATED EDISON INCCOM0.22%$352,0004.2K
85KTCCKEY TRONIC CORPCOM0.22%$351,00056.9K
86CCEPCOCA COLA EUROPEAN PARTNERSSHS0.21%$333,0006.4K
87CISION LTDSHS0.20%$328,00023.8K
88TRUSTCO BK CORP N YCOM0.19%$313,00040.3K
89TRNTRINITY INDS INCCOM0.18%$289,00013.3K
90RWMPROSHARES TRSHRT RUSSELL20000.17%$277,0006.8K
91PCYOPURECYCLE CORPCOM NEW0.17%$270,00027.3K
92ABTABBOTT LABSCOM0.17%$267,0003.3K
93CRD/ACRAWFORD & COCL A0.16%$258,00028.0K
94NWLNEWELL BRANDS INCCOM0.16%$251,00016.4K
95JNJJOHNSON & JOHNSONCOM0.14%$218,0001.6K
96GENERAL ELECTRIC COCOM0.13%$204,00020.5K
97VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.13%$203,0002.5K
98KNKNOWLES CORPCOM0.10%$167,0009.5K
99SUPERIOR DRILLING PRODS INCCOM0.01%$24,00018.5K
100QUICKLOGIC CORPCOM0.01%$13,00021.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q3 2021$82M98Oct 29, 202113F-HRchanges · EDGAR ↗
Q2 2021$86M94Aug 5, 202113F-HRchanges · EDGAR ↗
Q1 2021$85M90Apr 27, 202113F-HRchanges · EDGAR ↗
Q4 2020$73M81Feb 8, 202113F-HRchanges · EDGAR ↗
Q3 2020$72M75Nov 5, 202013F-HRchanges · EDGAR ↗
Q2 2020$76M75Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$72M86May 13, 202013F-HRchanges · EDGAR ↗
Q4 2019$115M88Feb 11, 202013F-HRchanges · EDGAR ↗
Q3 2019$115M96Nov 4, 201913F-HRchanges · EDGAR ↗
Q2 2019$139M100Aug 6, 201913F-HRchanges · EDGAR ↗
Q1 2019$161M100May 20, 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 ↗.