SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Adirondack Research & Management Inc.

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

Reported Value
$139M
Q2 2019
Positions
100
Filings on Record
11
2019–present window
Filed
Aug 6, 2019
original filing

Summary

Adirondack Research & Management Inc. reported $139M in U.S.-listed holdings across 100 positions for Q2 2019.

Its largest position, MDRX, represents 3.7% of the portfolio.

Compared with Q1 2019, the fund opened 7 new positions and exited 7.

Portfolio Metrics

Turnover
+9.0%
vs prior filed quarter
Top-10 Concentration
+30.3%
share of reported value
Largest Position
+3.7%
Allscripts Healthcare Solutn
New / Exited
7 / 7
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
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: 86.5%Other: 5.8%MLP: 3.2%REIT: 2.1%ADR: 1.2%Other: 1.1%
  • Common Stock · 86.5% · $121M
  • Other · 5.8% · $8M
  • MLP · 3.2% · $4M
  • REIT · 2.1% · $3M
  • ADR · 1.2% · $2M
  • Other · 1.1% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ENSCO ROWAN PLCNEW+117.0K117.0K+$998,000$998,000
PRKSSEAWORLD ENTMT INCNEW+25.4K25.4K+$787,000$787,000
LIMELIGHT NETWORKS INCNEW+286.4K286.4K+$773,000$773,000
PBF LOGISTICS LPNEW+33.3K33.3K+$705,000$705,000
ARANTERO RES CORPNEW+81.8K81.8K+$452,000$452,000
ACAARCOSA INCNEW+6.0K6.0K+$227,000$227,000
DDDUPONT DE NEMOURS INNEW+3.0K3.0K+$222,000$222,000
KNKNOWLES CORPADDED+86.8K96.3K+$2M$2M

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

Holdings — Q2 2019

100 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1MDRXALLSCRIPTS HEALTHCARE SOLUTNhistory →COM3.70%$5M443.9K
2VONAGE HLDGS CORPCOM3.35%$5M412.4K
3COVANTA HLDG CORPCOM3.31%$5M257.9K
4OWENS ILL INCCOM NEW3.31%$5M267.3K
5ADTRAN INCCOM3.24%$5M296.1K
6NATIONAL WESTN LIFE INS COCL A3.23%$5M17.5K
7TRIUMPH GROUP INC NEWCOM2.98%$4M181.7K
8PATTERSON COMPANIES INCCALL2.49%$3M151.5K
9ASCARDMORE SHIPPING CORPhistory →COM2.40%$3M410.3K
10CLFCLEVELAND CLIFFS INChistory →COM2.26%$3M295.7K
11SEBSEABOARD CORPhistory →COM2.20%$3M742
12OAKTREE CAP GROUP LLCUNIT CL A2.19%$3M61.7K
13MR COOPER GROUP INCCOM2.18%$3M378.9K
14CNOCNO FINL GROUP INChistory →COM2.15%$3M180.2K
15SOUTHWESTERN ENERGY COCOM2.14%$3M945.1K
16AEROHIVE NETWORKS INCCOM2.13%$3M671.5K
17MFA FINL INCCOM2.11%$3M409.3K
18CELESTICA INCSUB VTG SHS2.08%$3M424.8K
19SANMSANMINA CORPORATIONhistory →COM2.02%$3M93.0K
20JBLUJETBLUE AIRWAYS CORPhistory →COM1.88%$3M142.0K
21AAALCOA CORPhistory →COM1.87%$3M111.6K
22MTGMGIC INVT CORP WIShistory →COM1.87%$3M198.7K
23STCSTEWART INFORMATION SVCS CORhistory →COM1.78%$2M61.2K
24DFINDONNELLEY FINL SOLUTIONS INChistory →COM1.74%$2M182.4K
25OFFICE DEPOT INCCOM1.71%$2M1.16M
26CNDTCONDUENT INChistory →COM1.57%$2M227.8K
27ARAYACCURAY INChistory →COM1.48%$2M532.3K
28CECOCECO ENVIRONMENTAL CORPhistory →COM1.44%$2M209.3K
29SEACOR HOLDINGS INCCOM1.33%$2M38.9K
30KNKNOWLES CORPhistory →COM1.26%$2M96.3K
31GNWGENWORTH FINL INChistory →COM CL A1.20%$2M451.7K
32SCHNITZER STL INDSCL A1.07%$1M56.9K
33LYTSLSI INDS INChistory →COM1.06%$1M404.8K
34CARRIZO OIL & GAS INCCOM1.03%$1M143.9K
35VSHVISHAY INTERTECHNOLOGY INChistory →COM1.03%$1M86.6K
36BROOKLINE BANCORP INC DELCOM1.02%$1M92.4K
37GTNGRAY TELEVISION INCCOM0.98%$1M83.7K
38INVESTORS REAL ESTATE TRSH BEN INT0.96%$1M22.9K
39CLARCLARUS CORP NEWCOM0.96%$1M92.7K
40MANITEX INTL INCCOM0.91%$1M207.8K
41GSMFERROGLOBE PLCSHS0.90%$1M737.4K
42CODICOMPASS DIVERSIFIED HOLDINGSSH BEN INT0.83%$1M60.7K
43LYDALL INC DELCOM0.79%$1M54.3K
44ATENA10 NETWORKS INCCOM0.78%$1M160.5K
45ENSCO ROWAN PLCSHS CLASS A0.72%$998,000117.0K
46TTITETRA TECHNOLOGIES INC DELCOM0.72%$998,000612.0K
47INFINERA CORPORATIONCOM0.70%$972,000334.0K
48HILL INTERNATIONAL INCCOM0.69%$960,000355.7K
49TRIBGBPTRINITY BIOTECH PLCSPON ADR NEW0.62%$866,000524.7K
50COWEN INCCL A NEW0.62%$862,00050.1K
51PRKSSEAWORLD ENTMT INCCOM0.56%$787,00025.4K
52LIMELIGHT NETWORKS INCCOM0.55%$773,000286.4K
53VRRMVERRA MOBILITY CORPCOM0.55%$765,00058.4K
54HARVARD BIOSCIENCE INCCOM0.53%$735,000367.4K
55WLKPWESTLAKE CHEM PARTNERS LPCOM UNIT RP LP0.52%$729,00029.6K
56PBF LOGISTICS LPUNIT LTD PTNR0.51%$705,00033.3K
57MSFTMICROSOFT CORPCOM0.48%$670,0005.0K
58ADMARCHER DANIELS MIDLAND COCOM0.48%$666,00016.3K
59ARMKARAMARKCOM0.48%$664,00018.4K
60HESS MIDSTREAM PARTNERS LPUNIT LTD PR INT0.46%$636,00032.6K
61TAUSDTRAVELCENTERS OF AMER LLCCOM0.44%$611,000168.7K
62NOKNOKIA CORPSPONSORED ADR0.43%$593,000118.3K
63BSXBOSTON SCIENTIFIC CORPCOM0.42%$587,00013.7K
64DFPFLAHERTY & CRUMRINE DYN PFDSHS0.41%$577,00025.4K
65CSS INDS INCCOM0.41%$574,000117.6K
66HIGHARTFORD FINL SVCS GROUP INCCOM0.34%$471,0008.5K
67ARANTERO RES CORPCOM0.32%$452,00081.8K
68KRPKIMBELL RTY PARTNERS LPUNIT0.32%$450,00027.9K
69METMETLIFE INCCOM0.32%$445,0009.0K
70TAT&T INCCOM0.32%$443,00013.2K
71EXCEXELON CORPCOM0.32%$441,0009.2K
72RLHRED LION HOTELS CORPCOM0.30%$420,00059.0K
73NUANCE COMMUNICATIONS INCCOM0.30%$415,00026.0K
74PFEPFIZER INCCOM0.28%$389,0009.0K
75TECKTECK RESOURCES LTDCL B0.27%$376,00016.3K
76INVACARE CORPCOM0.27%$370,00071.3K
77CCEPCOCA COLA EUROPEAN PARTNERSSHS0.26%$364,0006.4K
78EDCONSOLIDATED EDISON INCCOM0.26%$364,0004.2K
79ORION ENERGY SYSTEMS INCCOM0.26%$363,000122.1K
80TSNTYSON FOODS INCCL A0.24%$340,0004.2K
81TRUSTCO BK CORP N YCOM0.23%$319,00040.3K
82CRD/ACRAWFORD & COCL A0.21%$295,00028.0K
83VCSHVANGUARD SCOTTSDALE FDSSHRT TRM CORP BD0.21%$290,0003.6K
84KTCCKEY TRONIC CORPCOM0.20%$283,00056.9K
85ABTABBOTT LABSCOM0.20%$281,0003.3K
86CISION LTDSHS0.20%$280,00023.8K
87RWMPROSHARES TRSHRT RUSSELL20000.20%$279,0007.0K
88TRNTRINITY INDS INCCOM0.20%$274,00013.2K
89JAKKS PAC INCCOM0.19%$269,000384.0K
90NWLNEWELL BRANDS INCCOM0.18%$257,00016.7K
91MDLZMONDELEZ INTL INCCL A0.18%$255,0004.7K
92FLY LEASING LTDSPONSORED ADR0.17%$244,00014.0K
93ACAARCOSA INCCOM0.16%$227,0006.0K
94DDDUPONT DE NEMOURS INCOM ADDED0.16%$222,0003.0K
95JNJJOHNSON & JOHNSONCOM0.16%$217,0001.6K
96GENERAL ELECTRIC COCOM0.15%$215,00020.5K
97THESTREET INCCOM0.14%$196,00032.0K
98PCYOPURECYCLE CORPCOM NEW0.13%$185,00017.4K
99SUPERIOR DRILLING PRODS INCCOM0.13%$178,000175.9K
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 ↗.