Managers / Q3 2020 · view latest →
Adirondack Research & Management Inc.
CIK 0001569100 · 2390 WESTERN AVENUE, GUILDERLAND, NY, 12084 · 518-690-0470
Reported Value
$72M
Q3 2020
Positions
75
Filings on Record
11
2019–present window
Filed
Nov 5, 2020
original filing
Summary
Adirondack Research & Management Inc. reported $72M in U.S.-listed holdings across 75 positions for Q3 2020.
Its largest position, UIS, represents 3.9% of the portfolio.
Compared with Q2 2020, the fund opened 5 new positions and exited 5.
Portfolio Metrics
Turnover
+10.1%
vs prior filed quarter
Top-10 Concentration
+31.1%
share of reported value
Largest Position
+3.9%
Unisys
New / Exited
5 / 5
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 · 8.3% · $6M
- REIT · 2.4% · $2M
- MLP · 1.1% · $821,000
- ADR · 0.3% · $202,000
Quarter-over-Quarter Changes full breakdown →
vs Q2 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| UAAUNDER ARMOUR INC | NEW | +150.0K | 150.0K | +$2M | $2M |
| AMERICAN SOFTWARE INC | NEW | +48.1K | 48.1K | +$675,000 | $675,000 |
| CCNECNB FINL CORP PA | NEW | +41.6K | 41.6K | +$619,000 | $619,000 |
| CLARCLARUS CORP NEW | NEW | +25.0K | 25.0K | +$352,000 | $352,000 |
| TIPTTIPTREE INC | NEW | +45.9K | 45.9K | +$227,000 | $227,000 |
| IMKTAINGLES MKTS INC | ADDED | +23.8K | 27.3K | +$888,000 | $1M |
| TPI COMPOSITES INC | SOLD OUT | −45.3K | 0 | −$1M | $0 |
| CECOCECO ENVIRONMENTAL CORP | SOLD OUT | −47.5K | 0 | −$313,000 | $0 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q3 2020
75 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | UISUNISYS CORPhistory → | COM NEW | 3.90% | $3M | 262.7K |
| 2 | CNOCNO FINL GROUP INChistory → | COM | 3.54% | $3M | 158.6K |
| 3 | LYTSLSI INDS INChistory → | COM | 3.31% | $2M | 351.9K |
| 4 | CELESTICA INC | SUB VTG SHS | 3.17% | $2M | 329.8K |
| 5 | STCSTEWART INFORMATION SVCS CORhistory → | COM | 3.13% | $2M | 51.5K |
| 6 | CNDTCONDUENT INChistory → | COM | 3.06% | $2M | 691.8K |
| 7 | SEBSEABOARD CORPhistory → | COM | 2.95% | $2M | 748 |
| 8 | ADTRAN INC | COM | 2.86% | $2M | 200.2K |
| 9 | INFINERA CORP | COM | 2.63% | $2M | 306.1K |
| 10 | OFFICE DEPOT INC | COM | 2.51% | $2M | 92.7K |
| 11 | NATIONAL WESTN LIFE GROUP IN | CL A | 2.44% | $2M | 9.6K |
| 12 | MDRXALLSCRIPTS HEALTHCARE SOLUTNhistory → | COM | 2.42% | $2M | 213.4K |
| 13 | VISTA OUTDOOR INC | COM | 2.39% | $2M | 85.0K |
| 14 | COVANTA HLDG CORP | COM | 2.39% | $2M | 221.1K |
| 15 | AEBAALLETE INChistory → | COM NEW | 2.38% | $2M | 33.1K |
| 16 | UAAUNDER ARMOUR INChistory → | CL A | 2.34% | $2M | 150.0K |
| 17 | VONAGE HLDGS CORP | COM | 2.30% | $2M | 161.6K |
| 18 | SANMSANMINA CORPORATIONhistory → | COM | 2.19% | $2M | 58.2K |
| 19 | LAZARD LTD | SHS A | 2.14% | $2M | 46.6K |
| 20 | THIRD PT REINS LTD | COM | 2.12% | $2M | 219.6K |
| 21 | ASCARDMORE SHIPPING CORPhistory → | COM | 2.04% | $1M | 412.6K |
| 22 | SEACOR HOLDINGS INC | COM | 2.00% | $1M | 49.4K |
| 23 | GNWGENWORTH FINL INChistory → | COM CL A | 1.84% | $1M | 394.8K |
| 24 | BRXBRIXMOR PPTY GROUP INChistory → | COM | 1.68% | $1M | 103.4K |
| 25 | MTGMGIC INVT CORP WIShistory → | COM | 1.67% | $1M | 135.3K |
| 26 | PLABPHOTRONICS INChistory → | COM | 1.64% | $1M | 118.1K |
| 27 | MR COOPER GROUP INC | COM | 1.48% | $1M | 47.6K |
| 28 | IMKTAINGLES MKTS INChistory → | CL A | 1.45% | $1M | 27.3K |
| 29 | GRAFTECH INTL LTD | COM | 1.43% | $1M | 150.6K |
| 30 | KNKNOWLES CORPhistory → | COM | 1.43% | $1M | 68.7K |
| 31 | MTRXMATRIX SVC COhistory → | COM | 1.38% | $989,000 | 118.5K |
| 32 | ATENA10 NETWORKS INChistory → | COM | 1.29% | $927,000 | 145.6K |
| 33 | LIMELIGHT NETWORKS INC | COM | 1.18% | $850,000 | 147.6K |
| 34 | CODICOMPASS DIVERSIFIEDhistory → | SH BEN INT | 1.10% | $793,000 | 41.6K |
| 35 | ADMARCHER DANIELS MIDLAND COhistory → | COM | 1.08% | $776,000 | 16.7K |
| 36 | ARAYACCURAY INChistory → | COM | 1.04% | $746,000 | 310.9K |
| 37 | HILL INTL INC | COM | 0.98% | $706,000 | 534.9K |
| 38 | CTRACABOT OIL & GAS CORP | COM | 0.97% | $700,000 | 40.4K |
| 39 | CHANGE HEALTHCARE INC | COM | 0.95% | $683,000 | 47.1K |
| 40 | AMERICAN SOFTWARE INC | CL A | 0.94% | $675,000 | 48.1K |
| 41 | MSFTMICROSOFT CORP | COM | 0.93% | $668,000 | 3.2K |
| 42 | GTNGRAY TELEVISION INC | COM | 0.89% | $640,000 | 46.4K |
| 43 | ORIOLD REP INTL CORP | COM | 0.86% | $619,000 | 42.0K |
| 44 | CCNECNB FINL CORP PA | COM | 0.86% | $619,000 | 41.6K |
| 45 | HARVARD BIOSCIENCE INC | COM | 0.80% | $573,000 | 190.5K |
| 46 | WLKPWESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 0.77% | $550,000 | 29.3K |
| 47 | HXLHEXCEL CORP NEW | COM | 0.76% | $547,000 | 16.3K |
| 48 | COLONY CR REAL ESTATE INC | COM CL A | 0.71% | $510,000 | 103.9K |
| 49 | MANITEX INTL INC | COM | 0.66% | $471,000 | 112.9K |
| 50 | MYEMYERS INDS INC | COM | 0.62% | $443,000 | 33.5K |
| 51 | GLWCORNING INC. | COM | 0.61% | $438,000 | 13.5K |
| 52 | QUANTUM CORP | COM NEW | 0.60% | $428,000 | 92.9K |
| 53 | OIO-I GLASS INC | COM | 0.59% | $425,000 | 40.2K |
| 54 | EMCORE CORP | COM NEW | 0.59% | $424,000 | 130.5K |
| 55 | CLARCLARUS CORP NEW | COM | 0.49% | $352,000 | 25.0K |
| 56 | BSXBOSTON SCIENTIFIC CORP | COM | 0.49% | $352,000 | 9.2K |
| 57 | ABTABBOTT LABS | COM | 0.47% | $340,000 | 3.1K |
| 58 | TAT&T INC | COM | 0.46% | $333,000 | 11.7K |
| 59 | METMETLIFE INC | COM | 0.46% | $329,000 | 8.8K |
| 60 | PFEPFIZER INC | COM | 0.46% | $329,000 | 9.0K |
| 61 | EXCEXELON CORP | COM | 0.45% | $326,000 | 9.1K |
| 62 | VSHVISHAY INTERTECHNOLOGY INC | COM | 0.45% | $325,000 | 20.9K |
| 63 | EDCONSOLIDATED EDISON INC | COM | 0.45% | $322,000 | 4.1K |
| 64 | HIGHARTFORD FINL SVCS GROUP INC | COM | 0.42% | $302,000 | 8.2K |
| 65 | DDOMINION ENERGY INC | COM | 0.42% | $301,000 | 3.8K |
| 66 | PRGSPROGRESS SOFTWARE CORP | COM | 0.39% | $277,000 | 7.6K |
| 67 | PBF LOGISTICS LP | UNIT LTD PTNR | 0.38% | $271,000 | 33.3K |
| 68 | TRNTRINITY INDS INC | COM | 0.36% | $260,000 | 13.3K |
| 69 | CCEPCOCA COLA EUROPEAN PARTNERS | SHS | 0.35% | $249,000 | 6.4K |
| 70 | TIPTTIPTREE INC | COM | 0.32% | $227,000 | 45.9K |
| 71 | TECKTECK RESOURCES LTD | CL B | 0.31% | $220,000 | 15.8K |
| 72 | NOKNOKIA CORP | SPONSORED ADR | 0.28% | $202,000 | 51.7K |
| 73 | TRUSTCO BK CORP N Y | COM | 0.26% | $188,000 | 36.0K |
| 74 | GENERAL ELECTRIC CO | COM | 0.17% | $123,000 | 19.8K |
| 75 | BBCPCONCRETE PUMPING HLDGS INC | COM | 0.17% | $123,000 | 34.5K |
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 ↗.