Managers / Q4 2020 · view latest →
Adirondack Research & Management Inc.
CIK 0001569100 · 2390 WESTERN AVENUE, GUILDERLAND, NY, 12084 · 518-690-0470
Reported Value
$73M
Q4 2020
Positions
81
Filings on Record
11
2019–present window
Filed
Feb 8, 2021
original filing
Summary
Adirondack Research & Management Inc. reported $73M in U.S.-listed holdings across 81 positions for Q4 2020.
Its largest position, UIS, represents 4.6% of the portfolio.
Compared with Q3 2020, the fund opened 11 new positions and exited 5.
Portfolio Metrics
Turnover
+16.2%
vs prior filed quarter
Top-10 Concentration
+29.6%
share of reported value
Largest Position
+4.6%
Unisys
New / Exited
11 / 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 · 87.6% · $64M
- Other · 9.1% · $7M
- REIT · 1.7% · $1M
- MLP · 1.2% · $909,000
- ADR · 0.3% · $203,000
Quarter-over-Quarter Changes full breakdown →
vs Q3 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| THE ODP CORP | NEW | +75.1K | 75.1K | +$2M | $2M |
| DENNDENNYS CORP | NEW | +58.1K | 58.1K | +$853,000 | $853,000 |
| TAPMOLSON COORS BEVERAGE CO | NEW | +18.1K | 18.1K | +$820,000 | $820,000 |
| BARNES GROUP INC | NEW | +15.2K | 15.2K | +$769,000 | $769,000 |
| CDK GLOBAL INC | NEW | +14.4K | 14.4K | +$748,000 | $748,000 |
| PQ GROUP HLDGS INC | NEW | +52.1K | 52.1K | +$743,000 | $743,000 |
| RLRALPH LAUREN CORP | NEW | +7.0K | 7.0K | +$728,000 | $728,000 |
| AAPLAPPLE INC | NEW | +1.6K | 1.6K | +$208,000 | $208,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q4 2020
81 positions
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | UISUNISYS CORPhistory → | COM NEW | 4.60% | $3M | 170.9K |
| 2 | CNDTCONDUENT INChistory → | COM | 3.47% | $3M | 528.0K |
| 3 | MDRXALLSCRIPTS HEALTHCARE SOLUTNhistory → | COM | 3.06% | $2M | 155.1K |
| 4 | THE ODP CORP | COM | 3.01% | $2M | 75.1K |
| 5 | ADTRAN INC | COM | 2.81% | $2M | 139.1K |
| 6 | INFINERA CORP | COM | 2.71% | $2M | 188.7K |
| 7 | LYTSLSI INDS INChistory → | COM | 2.66% | $2M | 227.1K |
| 8 | CNOCNO FINL GROUP INChistory → | COM | 2.48% | $2M | 81.5K |
| 9 | COVANTA HLDG CORP | COM | 2.43% | $2M | 135.1K |
| 10 | THIRD PT REINS LTD | COM | 2.34% | $2M | 179.6K |
| 11 | UAAUNDER ARMOUR INChistory → | CL A | 2.33% | $2M | 99.0K |
| 12 | NATIONAL WESTN LIFE GROUP IN | CL A | 2.31% | $2M | 8.2K |
| 13 | LAZARD LTD | SHS A | 2.24% | $2M | 38.6K |
| 14 | VONAGE HLDGS CORP | COM | 2.17% | $2M | 123.1K |
| 15 | CELESTICA INC | SUB VTG SHS | 2.12% | $2M | 192.3K |
| 16 | SEACOR HOLDINGS INC | COM | 1.92% | $1M | 33.9K |
| 17 | GNWGENWORTH FINL INChistory → | COM CL A | 1.90% | $1M | 366.8K |
| 18 | STCSTEWART INFORMATION SVCS CORhistory → | COM | 1.79% | $1M | 27.0K |
| 19 | GRAFTECH INTL LTD | COM | 1.78% | $1M | 122.1K |
| 20 | AEBAALLETE INChistory → | COM NEW | 1.77% | $1M | 20.8K |
| 21 | SANMSANMINA CORPORATIONhistory → | COM | 1.76% | $1M | 40.4K |
| 22 | VISTA OUTDOOR INC | COM | 1.73% | $1M | 53.1K |
| 23 | MTGMGIC INVT CORP WIShistory → | COM | 1.72% | $1M | 100.3K |
| 24 | BRXBRIXMOR PPTY GROUP INChistory → | COM | 1.72% | $1M | 75.8K |
| 25 | ASCARDMORE SHIPPING CORPhistory → | COM | 1.70% | $1M | 380.3K |
| 26 | CTRACABOT OIL & GAS CORPhistory → | COM | 1.63% | $1M | 73.0K |
| 27 | PLABPHOTRONICS INChistory → | COM | 1.42% | $1M | 93.3K |
| 28 | MTRXMATRIX SVC COhistory → | COM | 1.29% | $944,000 | 85.6K |
| 29 | IMKTAINGLES MKTS INChistory → | CL A | 1.28% | $939,000 | 22.0K |
| 30 | DDOMINION ENERGY INChistory → | COM | 1.28% | $933,000 | 12.4K |
| 31 | ARAYACCURAY INChistory → | COM | 1.26% | $918,000 | 220.2K |
| 32 | CCNECNB FINL CORP PAhistory → | COM | 1.21% | $886,000 | 41.6K |
| 33 | KNKNOWLES CORPhistory → | COM | 1.20% | $879,000 | 47.7K |
| 34 | CHANGE HEALTHCARE INC | COM | 1.20% | $878,000 | 47.1K |
| 35 | DENNDENNYS CORPhistory → | COM | 1.17% | $853,000 | 58.1K |
| 36 | ADMARCHER DANIELS MIDLAND COhistory → | COM | 1.15% | $842,000 | 16.7K |
| 37 | SEBSEABOARD CORP DELhistory → | COM | 1.14% | $834,000 | 275 |
| 38 | AMER SOFTWARE INC | CL A | 1.13% | $827,000 | 48.2K |
| 39 | TAPMOLSON COORS BEVERAGE COhistory → | CL B | 1.12% | $820,000 | 18.1K |
| 40 | CODICOMPASS DIVERSIFIEDhistory → | SH BEN INT | 1.11% | $810,000 | 41.6K |
| 41 | ATENA10 NETWORKS INChistory → | COM | 1.10% | $804,000 | 81.5K |
| 42 | BARNES GROUP INC | COM | 1.05% | $769,000 | 15.2K |
| 43 | CDK GLOBAL INC | COM | 1.02% | $748,000 | 14.4K |
| 44 | PQ GROUP HLDGS INC | COM | 1.02% | $743,000 | 52.1K |
| 45 | RLRALPH LAUREN CORP | CL A | 1.00% | $728,000 | 7.0K |
| 46 | HILL INTL INC | COM | 0.97% | $710,000 | 369.8K |
| 47 | WLKPWESTLAKE CHEM PARTNERS LP | COM UNIT RP LP | 0.95% | $695,000 | 29.1K |
| 48 | ORIOLD REP INTL CORP | COM | 0.92% | $670,000 | 34.0K |
| 49 | LIMELIGHT NETWORKS INC | COM | 0.81% | $589,000 | 147.6K |
| 50 | QUANTUM CORP | COM NEW | 0.76% | $554,000 | 90.6K |
| 51 | HARVARD BIOSCIENCE INC | COM | 0.74% | $544,000 | 126.7K |
| 52 | GLWCORNING INC | COM | 0.67% | $487,000 | 13.5K |
| 53 | MR COOPER GROUP INC | COM | 0.63% | $458,000 | 14.8K |
| 54 | VSHVISHAY INTERTECHNOLOGY INC | COM | 0.59% | $433,000 | 20.9K |
| 55 | MSFTMICROSOFT CORP | COM | 0.58% | $427,000 | 1.9K |
| 56 | EMCORE CORP | COM NEW | 0.57% | $416,000 | 76.3K |
| 57 | METMETLIFE INC | COM | 0.57% | $415,000 | 8.8K |
| 58 | HIGHARTFORD FINL SVCS GROUP INC | COM | 0.55% | $402,000 | 8.2K |
| 59 | OIO-I GLASS INC | COM | 0.54% | $397,000 | 33.4K |
| 60 | MANITEX INTL INC | COM | 0.52% | $381,000 | 73.9K |
| 61 | EXCEXELON CORP | COM | 0.52% | $377,000 | 8.9K |
| 62 | TRNTRINITY INDS INC | COM | 0.48% | $354,000 | 13.4K |
| 63 | ABTABBOTT LABS | COM | 0.47% | $342,000 | 3.1K |
| 64 | TAT&T INC | COM | 0.47% | $340,000 | 11.8K |
| 65 | BSXBOSTON SCIENTIFIC CORP | COM | 0.45% | $331,000 | 9.2K |
| 66 | PFEPFIZER INC | COM | 0.45% | $330,000 | 9.0K |
| 67 | CCEPCOCA COLA EUROPEAN PARTNERS | SHS | 0.44% | $320,000 | 6.4K |
| 68 | EDCONSOLIDATED EDISON INC | COM | 0.41% | $300,000 | 4.1K |
| 69 | TIPTTIPTREE INC | COM | 0.41% | $299,000 | 59.6K |
| 70 | MYEMYERS INDS INC | COM | 0.38% | $279,000 | 13.4K |
| 71 | TECKTECK RESOURCES LTD | CL B | 0.38% | $276,000 | 15.2K |
| 72 | TRUSTCO BK CORP N Y | COM | 0.33% | $240,000 | 36.0K |
| 73 | PBF LOGISTICS LP | UNIT LTD PTNR | 0.29% | $214,000 | 23.4K |
| 74 | GENERAL ELECTRIC CO | COM | 0.29% | $213,000 | 19.7K |
| 75 | AAPLAPPLE INC | COM | 0.28% | $208,000 | 1.6K |
| 76 | NOKNOKIA CORP | SPONSORED ADR | 0.28% | $203,000 | 51.9K |
| 77 | ABBVABBVIE INC | COM | 0.28% | $203,000 | 1.9K |
| 78 | SPUSDSP PLUS CORP | COM | 0.27% | $200,000 | 6.9K |
| 79 | GTNGRAY TELEVISION INC | COM | 0.19% | $137,000 | 7.6K |
| 80 | BBCPCONCRETE PUMPING HLDGS INC | COM | 0.18% | $132,000 | 34.5K |
| 81 | PCYOPURE CYCLE CORP | COM NEW | 0.08% | $58,000 | 5.2K |
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 ↗.