Managers / Q2 2020 · view latest →
ISZO CAPITAL MANAGEMENT LP
CIK 0001607925 · 590 MADISON AVENUE, 21ST FLOOR, NEW YORK, NY, 10022 · 646-775-4394
Summary
Iszo Capital Management LP reported $57M in U.S.-listed holdings across 10 positions for Q2 2020.
The portfolio is heavily concentrated: Nam Tai Ppty alone accounts for 41.6% of reported value.
Compared with Q1 2020, the fund opened 3 new positions and exited 3.
Portfolio Metrics
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
Portfolio Composition
- Common Stock · 57.3% · $33M
- Other · 42.7% · $24M
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| PENNSYLVANIA REAL ESTATE INV | NEW | +228.7K | 228.7K | +$311,000 | $311,000 |
| FRANCESCAS HLDGS CORP | NEW | +28.8K | 28.8K | +$111,000 | $111,000 |
| AKORN INC | NEW | +76.0K | 76.0K | +$21,000 | $21,000 |
| BACBK OF AMERICA CORP | SOLD OUT | −5.3K | 0 | −$112,000 | $0 |
| BBBLACKBERRY LTD | SOLD OUT | −8.8K | 0 | −$36,000 | $0 |
| ICONIX BRAND GROUP INC | SOLD OUT | −27.4K | 0 | −$18,000 | $0 |
| XPELXPEL INC | TRIMMED | −901.7K | 550.7K | −$6M | $9M |
| KIRKLANDS INC | TRIMMED | −250.0K | 254.4K | +$298,000 | $689,000 |
Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.
Holdings — Q2 2020
| # | Issuer | Class | % Portfolio | Value ↓ | Shares |
|---|---|---|---|---|---|
| 1 | NAM TAI PPTY INC | SHS | 41.63% | $24M | 3.81M |
| 2 | AVID BIOSERVICES INC | COM | 40.70% | $23M | 3.55M |
| 3 | XPELXPEL INChistory → | COM | 15.05% | $9M | 550.7K |
| 4 | KIRKLANDS INC | COM | 1.20% | $689,000 | 254.4K |
| 5 | PENNSYLVANIA REAL ESTATE INV | SH BEN INT | 0.54% | $311,000 | 228.7K |
| 6 | WHEELER REAL ESTATE INVT TR | COM NEW | 0.32% | $184,000 | 105.7K |
| 7 | CBL & ASSOC PPTYS INC | COM | 0.22% | $127,000 | 466.8K |
| 8 | FRANCESCAS HLDGS CORP | COM NEW | 0.19% | $111,000 | 28.8K |
| 9 | CHICOS FAS INC | COM | 0.10% | $55,000 | 39.9K |
| 10 | AKORN INC | COM | 0.04% | $21,000 | 76.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q4 2023 | $2M | 1 | Feb 14, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | $2M | 3 | Nov 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $18M | 3 | Aug 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $19M | 10 | May 15, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $7M | 7 | Feb 14, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $58M | 6 | Nov 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $64M | 6 | Aug 15, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $84M | 5 | May 16, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $190M | 7 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $227M | 7 | Nov 12, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $275M | 8 | Aug 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q1 2021 | $212M | 5 | May 17, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $96M | 6 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $74M | 5 | Nov 17, 2020 | RESTATEMENT | changes · EDGAR ↗ |
| Q2 2020 | $57M | 10 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $65M | 10 | May 15, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $69M | 3 | Feb 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $76M | 4 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $64M | 2 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $61M | 5 | May 15, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $92M | 5 | Feb 14, 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 ↗.