Managers / Q1 2020 · view latest →
Adirondack Research & Management Inc.
CIK 0001569100 · 2390 WESTERN AVENUE, GUILDERLAND, NY, 12084 · 518-690-0470
Reported Value
$72M
Q1 2020
Positions
86
Filings on Record
11
2019–present window
Filed
May 13, 2020
original filing
Summary
Adirondack Research & Management Inc. reported $72M in U.S.-listed holdings across 86 positions for Q1 2020.
Its largest position, UIS, represents 4.0% of the portfolio.
Compared with Q4 2019, the fund opened 17 new positions and exited 19.
Portfolio Metrics
Turnover
+11.2%
vs prior filed quarter
Top-10 Concentration
+33.6%
share of reported value
Largest Position
+4.0%
Unisys
New / Exited
17 / 19
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
Portfolio Composition
By security type
- Common Stock · 87.9% · $63M
- Other · 9.4% · $7M
- REIT · 1.6% · $1M
- MLP · 0.9% · $660,000
- ADR · 0.2% · $160,000
Quarter-over-Quarter Changes full breakdown →
vs Q4 2019 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| UISUNISYS CORP | NEW | +232.4K | 232.4K | +$3M | $3M |
| AEBAALLETE INC | NEW | +21.9K | 21.9K | +$1M | $1M |
| HXLHEXCEL CORP NEW | NEW | +28.3K | 28.3K | +$1M | $1M |
| CTRACABOT OIL & GAS CORP | NEW | +30.5K | 30.5K | +$524,000 | $524,000 |
| CHANGE HEALTHCARE INC | NEW | +47.1K | 47.1K | +$470,000 | $470,000 |
| TPI COMPOSITES INC | NEW | +26.7K | 26.7K | +$394,000 | $394,000 |
| TSNTYSON FOODS INC | NEW | +5.9K | 5.9K | +$341,000 | $341,000 |
| TSCOTRACTOR SUPPLY CO | NEW | +3.9K | 3.9K | +$329,000 | $329,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q1 2020
86 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | UISUNISYS CORPhistory → | COM NEW | 4.00% | $3M | 232.4K |
| 2 | OFFICE DEPOT INC | COM | 3.98% | $3M | 1.74M |
| 3 | VONAGE HLDGS CORP | COM | 3.93% | $3M | 389.5K |
| 4 | ADTRAN INC | COM | 3.28% | $2M | 306.7K |
| 5 | OIO-I GLASS INChistory → | COM | 3.27% | $2M | 329.2K |
| 6 | CNOCNO FINL GROUP INChistory → | COM | 3.25% | $2M | 188.3K |
| 7 | VISTA OUTDOOR INC | COM | 3.13% | $2M | 254.9K |
| 8 | LIMELIGHT NETWORKS INC | COM | 2.98% | $2M | 375.4K |
| 9 | SEBSEABOARD CORPhistory → | COM | 2.93% | $2M | 748 |
| 10 | GNWGENWORTH FINL INChistory → | COM CL A | 2.80% | $2M | 604.2K |
| 11 | COVANTA HLDG CORP | COM | 2.70% | $2M | 226.1K |
| 12 | MR COOPER GROUP INC | COM | 2.66% | $2M | 260.2K |
| 13 | NATIONAL WESTN LIFE GROUP IN | CL A | 2.63% | $2M | 11.0K |
| 14 | INFINERA CORP | COM | 2.38% | $2M | 321.8K |
| 15 | ASCARDMORE SHIPPING CORPhistory → | COM | 2.32% | $2M | 316.7K |
| 16 | MDRXALLSCRIPTS HEALTHCARE SOLUTNhistory → | COM | 2.27% | $2M | 230.9K |
| 17 | LYTSLSI INDS INChistory → | COM | 2.16% | $2M | 409.8K |
| 18 | SANMSANMINA CORPORATIONhistory → | COM | 2.09% | $1M | 55.0K |
| 19 | CELESTICA INC | SUB VTG SHS | 2.03% | $1M | 416.2K |
| 20 | STCSTEWART INFORMATION SVCS CORhistory → | COM | 2.00% | $1M | 53.9K |
| 21 | AEBAALLETE INChistory → | COM NEW | 1.85% | $1M | 21.9K |
| 22 | LAZARD LTD | SHS A | 1.82% | $1M | 55.5K |
| 23 | GRAFTECH INTL LTD | COM | 1.71% | $1M | 150.6K |
| 24 | THIRD PT REINS LTD | COM | 1.70% | $1M | 164.4K |
| 25 | PATTERSON COS INC | COM | 1.58% | $1M | 74.2K |
| 26 | SEACOR HOLDINGS INC | COM | 1.54% | $1M | 41.0K |
| 27 | CNDTCONDUENT INChistory → | COM | 1.53% | $1M | 447.1K |
| 28 | HXLHEXCEL CORP NEWhistory → | COM | 1.47% | $1M | 28.3K |
| 29 | GTNGRAY TELEVISION INChistory → | COM | 1.46% | $1M | 97.6K |
| 30 | KNKNOWLES CORPhistory → | COM | 1.28% | $919,000 | 68.7K |
| 31 | ATENA10 NETWORKS INChistory → | COM | 1.27% | $908,000 | 146.2K |
| 32 | MANITEX INTL INC | COM | 1.13% | $807,000 | 195.5K |
| 33 | AAALCOA CORPhistory → | COM | 1.04% | $747,000 | 121.2K |
| 34 | BRXBRIXMOR PPTY GROUP INChistory → | COM | 1.03% | $737,000 | 77.6K |
| 35 | MSFTMICROSOFT CORP | COM | 0.96% | $688,000 | 4.4K |
| 36 | HILL INTL INC | COM | 0.92% | $658,000 | 453.6K |
| 37 | ARAYACCURAY INC | COM | 0.82% | $591,000 | 310.9K |
| 38 | ADMARCHER DANIELS MIDLAND CO | COM | 0.81% | $584,000 | 16.6K |
| 39 | CRNCCERENCE INC | COM | 0.81% | $579,000 | 37.6K |
| 40 | CTRACABOT OIL & GAS CORP | COM | 0.73% | $524,000 | 30.5K |
| 41 | CODICOMPASS DIVERSIFIED HOLDINGS | SH BEN INT | 0.68% | $486,000 | 36.3K |
| 42 | CHANGE HEALTHCARE INC | COM | 0.66% | $470,000 | 47.1K |
| 43 | DFINDONNELLEY FINL SOLUTIONS INC | COM | 0.65% | $467,000 | 88.6K |
| 44 | WLKPWESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 0.61% | $435,000 | 29.4K |
| 45 | CECOCECO ENVIRONMENTAL CORP | COM | 0.60% | $429,000 | 91.8K |
| 46 | MTGMGIC INVT CORP WIS | COM | 0.59% | $422,000 | 66.5K |
| 47 | COLONY CR REAL ESTATE INC | COM CL A | 0.57% | $409,000 | 103.9K |
| 48 | HOUGHTON MIFFLIN HARCOURT CO | COM | 0.55% | $397,000 | 211.4K |
| 49 | TPI COMPOSITES INC | COM | 0.55% | $394,000 | 26.7K |
| 50 | TAT&T INC | COM | 0.48% | $346,000 | 11.9K |
| 51 | TSNTYSON FOODS INC | CL A | 0.48% | $341,000 | 5.9K |
| 52 | EXCEXELON CORP | COM | 0.47% | $339,000 | 9.2K |
| 53 | TSCOTRACTOR SUPPLY CO | COM | 0.46% | $329,000 | 3.9K |
| 54 | EDCONSOLIDATED EDISON INC | COM | 0.45% | $324,000 | 4.2K |
| 55 | NOMDNOMAD FOODS LTD | USD ORD SHS | 0.44% | $315,000 | 17.0K |
| 56 | CIENCIENA CORP | COM NEW | 0.42% | $303,000 | 7.6K |
| 57 | VSHVISHAY INTERTECHNOLOGY INC | COM | 0.42% | $302,000 | 21.0K |
| 58 | BSXBOSTON SCIENTIFIC CORP | COM | 0.42% | $301,000 | 9.2K |
| 59 | PFEPFIZER INC | COM | 0.41% | $293,000 | 9.0K |
| 60 | HIGHARTFORD FINL SVCS GROUP INC | COM | 0.41% | $291,000 | 8.3K |
| 61 | HARVARD BIOSCIENCE INC | COM | 0.39% | $279,000 | 126.2K |
| 62 | QUANTUM CORP | COM NEW | 0.38% | $276,000 | 93.4K |
| 63 | DDOMINION ENERGY INC | COM | 0.38% | $276,000 | 3.8K |
| 64 | METMETLIFE INC | COM | 0.38% | $274,000 | 9.0K |
| 65 | FBINFORTUNE BRANDS HOME & SEC IN | COM | 0.37% | $266,000 | 6.1K |
| 66 | EMCORE CORP | COM NEW | 0.36% | $259,000 | 115.6K |
| 67 | APHAMPHENOL CORP NEW | CL A | 0.36% | $255,000 | 3.5K |
| 68 | ABTABBOTT LABS | COM | 0.34% | $247,000 | 3.1K |
| 69 | CCEPCOCA COLA EUROPEAN PARTNERS | SHS | 0.34% | $242,000 | 6.4K |
| 70 | PRGSPROGRESS SOFTWARE CORP | COM | 0.34% | $242,000 | 7.6K |
| 71 | NWLNEWELL BRANDS INC | COM | 0.32% | $228,000 | 17.2K |
| 72 | PBF LOGISTICS LP | UNIT LTD PTNR | 0.31% | $225,000 | 33.4K |
| 73 | GSMFERROGLOBE PLC | SHS | 0.31% | $221,000 | 485.2K |
| 74 | HUNHUNTSMAN CORP | COM | 0.31% | $219,000 | 15.2K |
| 75 | TRNTRINITY INDS INC | COM | 0.30% | $214,000 | 13.3K |
| 76 | TRUSTCO BK CORP N Y | COM | 0.27% | $197,000 | 36.4K |
| 77 | TRIUMPH GROUP INC NEW | COM | 0.27% | $191,000 | 28.3K |
| 78 | KTCCKEY TRONIC CORP | COM | 0.23% | $166,000 | 56.9K |
| 79 | TTITETRA TECHNOLOGIES INC DEL | COM | 0.23% | $165,000 | 516.0K |
| 80 | NOKNOKIA CORP | SPONSORED ADR | 0.22% | $160,000 | 51.5K |
| 81 | GENERAL ELECTRIC CO | COM | 0.22% | $160,000 | 20.2K |
| 82 | JAKKS PAC INC | COM | 0.21% | $147,000 | 422.3K |
| 83 | TECKTECK RESOURCES LTD | CL B | 0.17% | $121,000 | 16.0K |
| 84 | SUPERIOR DRILLING PRODS INC | COM | 0.15% | $108,000 | 312.0K |
| 85 | BBCPCONCRETE PUMPING HLDGS INC | COM | 0.14% | $99,000 | 34.5K |
| 86 | HORIZON GLOBAL CORP | COM | 0.13% | $91,000 | 48.5K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q3 2021 | $82M | 98 | Oct 29, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $86M | 94 | Aug 5, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $85M | 90 | Apr 27, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $73M | 81 | Feb 8, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $72M | 75 | Nov 5, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $76M | 75 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $72M | 86 | May 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $115M | 88 | Feb 11, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $115M | 96 | Nov 4, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $139M | 100 | Aug 6, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $161M | 100 | May 20, 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 ↗.