Managers / Q2 2020 · view latest →
Adirondack Research & Management Inc.
CIK 0001569100 · 2390 WESTERN AVENUE, GUILDERLAND, NY, 12084 · 518-690-0470
Reported Value
$76M
Q2 2020
Positions
75
Filings on Record
11
2019–present window
Filed
Aug 14, 2020
original filing
Summary
Adirondack Research & Management Inc. reported $76M in U.S.-listed holdings across 75 positions for Q2 2020.
Its largest position, Office Depot, represents 5.3% of the portfolio.
Compared with Q1 2020, the fund opened 6 new positions and exited 17.
Portfolio Metrics
Turnover
+14.7%
vs prior filed quarter
Top-10 Concentration
+35.3%
share of reported value
Largest Position
+5.3%
Office Depot
New / Exited
6 / 17
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 · 87.2% · $66M
- Other · 8.7% · $7M
- REIT · 2.7% · $2M
- MLP · 1.2% · $880,000
- ADR · 0.3% · $227,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PLABPHOTRONICS INC | NEW | +94.2K | 94.2K | +$1M | $1M |
| MTRXMATRIX SVC CO | NEW | +101.2K | 101.2K | +$984,000 | $984,000 |
| ORIOLD REP INTL CORP | NEW | +40.0K | 40.0K | +$652,000 | $652,000 |
| MYEMYERS INDS INC | NEW | +32.4K | 32.4K | +$471,000 | $471,000 |
| GLWCORNING INC. | NEW | +13.5K | 13.5K | +$350,000 | $350,000 |
| IMKTAINGLES MKTS INC | NEW | +3.5K | 3.5K | +$151,000 | $151,000 |
| PATTERSON COS INC | SOLD OUT | −74.2K | 0 | −$1M | $0 |
| AAALCOA CORP | SOLD OUT | −121.2K | 0 | −$747,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
75 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | OFFICE DEPOT INC | COM | 5.28% | $4M | 1.71M |
| 2 | UISUNISYS CORPhistory → | COM NEW | 3.76% | $3M | 262.7K |
| 3 | ADTRAN INC | COM | 3.68% | $3M | 256.8K |
| 4 | CELESTICA INC | SUB VTG SHS | 3.63% | $3M | 405.2K |
| 5 | CNOCNO FINL GROUP INChistory → | COM | 3.54% | $3M | 173.3K |
| 6 | VONAGE HLDGS CORP | COM | 3.49% | $3M | 264.1K |
| 7 | LYTSLSI INDS INChistory → | COM | 3.38% | $3M | 397.5K |
| 8 | SEBSEABOARD CORPhistory → | COM | 2.88% | $2M | 748 |
| 9 | VISTA OUTDOOR INC | COM | 2.83% | $2M | 149.3K |
| 10 | COVANTA HLDG CORP | COM | 2.78% | $2M | 221.1K |
| 11 | NATIONAL WESTN LIFE GROUP IN | CL A | 2.73% | $2M | 10.2K |
| 12 | INFINERA CORP | COM | 2.50% | $2M | 321.8K |
| 13 | AEBAALLETE INChistory → | COM NEW | 2.37% | $2M | 33.1K |
| 14 | STCSTEWART INFORMATION SVCS CORhistory → | COM | 2.30% | $2M | 53.9K |
| 15 | ASCARDMORE SHIPPING CORPhistory → | COM | 2.19% | $2M | 385.0K |
| 16 | THIRD PT REINS LTD | COM | 2.16% | $2M | 219.6K |
| 17 | MDRXALLSCRIPTS HEALTHCARE SOLUTNhistory → | COM | 2.12% | $2M | 238.9K |
| 18 | LIMELIGHT NETWORKS INC | COM | 2.02% | $2M | 209.4K |
| 19 | SANMSANMINA CORPORATIONhistory → | COM | 1.91% | $1M | 58.2K |
| 20 | CNDTCONDUENT INChistory → | COM | 1.89% | $1M | 603.9K |
| 21 | SEACOR HOLDINGS INC | COM | 1.84% | $1M | 49.4K |
| 22 | GNWGENWORTH FINL INChistory → | COM CL A | 1.83% | $1M | 604.2K |
| 23 | LAZARD LTD | SHS A | 1.75% | $1M | 46.6K |
| 24 | BRXBRIXMOR PPTY GROUP INChistory → | COM | 1.74% | $1M | 103.4K |
| 25 | HXLHEXCEL CORP NEWhistory → | COM | 1.72% | $1M | 28.9K |
| 26 | GTNGRAY TELEVISION INChistory → | COM | 1.67% | $1M | 91.2K |
| 27 | GRAFTECH INTL LTD | COM | 1.58% | $1M | 150.6K |
| 28 | MR COOPER GROUP INC | COM | 1.49% | $1M | 91.1K |
| 29 | TPI COMPOSITES INC | COM | 1.39% | $1M | 45.3K |
| 30 | KNKNOWLES CORPhistory → | COM | 1.38% | $1M | 68.7K |
| 31 | PLABPHOTRONICS INChistory → | COM | 1.38% | $1M | 94.2K |
| 32 | ATENA10 NETWORKS INChistory → | COM | 1.32% | $1M | 147.2K |
| 33 | MTRXMATRIX SVC COhistory → | COM | 1.29% | $984,000 | 101.2K |
| 34 | MTGMGIC INVT CORP WIShistory → | COM | 1.24% | $945,000 | 115.3K |
| 35 | HILL INTL INC | COM | 1.00% | $758,000 | 498.5K |
| 36 | COLONY CR REAL ESTATE INC | COM CL A | 0.96% | $730,000 | 103.9K |
| 37 | CODICOMPASS DIVERSIFIED HOLDINGS | SH BEN INT | 0.94% | $717,000 | 41.6K |
| 38 | ADMARCHER DANIELS MIDLAND CO | COM | 0.87% | $666,000 | 16.7K |
| 39 | ORIOLD REP INTL CORP | COM | 0.86% | $652,000 | 40.0K |
| 40 | MSFTMICROSOFT CORP | COM | 0.85% | $646,000 | 3.2K |
| 41 | ARAYACCURAY INC | COM | 0.83% | $631,000 | 310.9K |
| 42 | CTRACABOT OIL & GAS CORP | COM | 0.82% | $624,000 | 36.4K |
| 43 | HARVARD BIOSCIENCE INC | COM | 0.78% | $591,000 | 190.5K |
| 44 | MANITEX INTL INC | COM | 0.74% | $561,000 | 112.9K |
| 45 | WLKPWESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 0.73% | $556,000 | 29.3K |
| 46 | CHANGE HEALTHCARE INC | COM | 0.69% | $527,000 | 47.1K |
| 47 | OIO-I GLASS INC | COM | 0.62% | $473,000 | 52.7K |
| 48 | MYEMYERS INDS INC | COM | 0.62% | $471,000 | 32.4K |
| 49 | EMCORE CORP | COM NEW | 0.54% | $415,000 | 130.5K |
| 50 | QUANTUM CORP | COM NEW | 0.47% | $359,000 | 92.9K |
| 51 | TAT&T INC | COM | 0.46% | $353,000 | 11.7K |
| 52 | GLWCORNING INC. | COM | 0.46% | $350,000 | 13.5K |
| 53 | EXCEXELON CORP | COM | 0.43% | $331,000 | 9.1K |
| 54 | PBF LOGISTICS LP | UNIT LTD PTNR | 0.43% | $324,000 | 33.3K |
| 55 | BSXBOSTON SCIENTIFIC CORP | COM | 0.42% | $323,000 | 9.2K |
| 56 | METMETLIFE INC | COM | 0.42% | $322,000 | 8.8K |
| 57 | VSHVISHAY INTERTECHNOLOGY INC | COM | 0.42% | $319,000 | 20.9K |
| 58 | HIGHARTFORD FINL SVCS GROUP INC | COM | 0.41% | $316,000 | 8.2K |
| 59 | CECOCECO ENVIRONMENTAL CORP | COM | 0.41% | $313,000 | 47.5K |
| 60 | DDOMINION ENERGY INC | COM | 0.41% | $309,000 | 3.8K |
| 61 | KTCCKEY TRONIC CORP | COM | 0.40% | $302,000 | 56.9K |
| 62 | EDCONSOLIDATED EDISON INC | COM | 0.39% | $298,000 | 4.1K |
| 63 | PFEPFIZER INC | COM | 0.38% | $293,000 | 9.0K |
| 64 | PRGSPROGRESS SOFTWARE CORP | COM | 0.38% | $293,000 | 7.6K |
| 65 | ABTABBOTT LABS | COM | 0.38% | $286,000 | 3.1K |
| 66 | TRNTRINITY INDS INC | COM | 0.37% | $283,000 | 13.3K |
| 67 | NWLNEWELL BRANDS INC | COM | 0.35% | $265,000 | 16.7K |
| 68 | CCEPCOCA COLA EUROPEAN PARTNERS | SHS | 0.32% | $243,000 | 6.4K |
| 69 | TRUSTCO BK CORP N Y | COM | 0.30% | $228,000 | 36.0K |
| 70 | NOKNOKIA CORP | SPONSORED ADR | 0.30% | $227,000 | 51.5K |
| 71 | TECKTECK RESOURCES LTD | CL B | 0.22% | $165,000 | 15.8K |
| 72 | IMKTAINGLES MKTS INC | CL A | 0.20% | $151,000 | 3.5K |
| 73 | GENERAL ELECTRIC CO | COM | 0.18% | $136,000 | 19.9K |
| 74 | BBCPCONCRETE PUMPING HLDGS INC | COM | 0.16% | $120,000 | 34.5K |
| 75 | TTITETRA TECHNOLOGIES INC DEL | COM | 0.02% | $18,000 | 34.0K |
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 ↗.