Managers / Q2 2020 · view latest →
Lancaster Investment Management
CIK 0001630064 · YALDING HOUSE, 152-156 GREAT PORTLAND STREET, LONDON, X0, W1W 6AJ · 011442078421049
Summary
Lancaster Investment Management reported $68M in U.S.-listed holdings across 14 positions for Q2 2020.
The portfolio is heavily concentrated: ALV alone accounts for 61.3% of reported value.
Compared with Q1 2020, the fund opened 4 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 · 98.7% · $67M
- Other · 1.3% · $893,000
Quarter-over-Quarter Changes full breakdown →
vs Q1 2020 (amended baseline)
| Issuer | Move | Share Δ | Shares now | Value Δ | Value now |
|---|---|---|---|---|---|
| STNGSCORPIO TANKERS | NEW | +120.9K | 120.9K | +$2M | $2M |
| BGC PARTNERS-A | NEW | +484.4K | 484.4K | +$1M | $1M |
| ARCH RESOURCES I | NEW | +46.0K | 46.0K | +$1M | $1M |
| SCORPIO BULKERS | NEW | +25.0K | 25.0K | +$383,000 | $383,000 |
| CMCSACOMCAST CORP-A | SOLD OUT | −355.7K | 0 | −$12M | $0 |
| CHTRCHARTER COMMUN-A | SOLD OUT | −22.9K | 0 | −$10M | $0 |
| ARCH COAL INC-A | SOLD OUT | −173.9K | 0 | −$5M | $0 |
| OPTUALTICE USA INC-A | TRIMMED | −566.8K | 80.5K | −$13M | $2M |
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 | ALVAUTOLIV INChistory → | COM | 61.33% | $42M | 647.6K |
| 2 | CONSOL ENERGY IN | COM | 7.87% | $5M | 1.06M |
| 3 | AERAERCAP HOLDINGShistory → | SHS | 5.72% | $4M | 126.5K |
| 4 | AVAYA HOLDINGS C | COM | 5.39% | $4M | 297.1K |
| 5 | BKNGBOOKING HOLDINGShistory → | COM | 3.50% | $2M | 1.5K |
| 6 | DHTDHT HOLDINGS INChistory → | SHS NEW | 2.71% | $2M | 359.9K |
| 7 | OPTUALTICE USA INC-Ahistory → | CL A | 2.66% | $2M | 80.5K |
| 8 | STNGSCORPIO TANKERShistory → | SHS | 2.27% | $2M | 120.9K |
| 9 | FOXAFOX CORP - Ahistory → | CL A COM | 2.21% | $2M | 56.1K |
| 10 | BGC PARTNERS-A | CL A | 1.95% | $1M | 484.4K |
| 11 | ARCH RESOURCES I | CL A | 1.92% | $1M | 46.0K |
| 12 | CARSCARS.COM INChistory → | COM | 1.15% | $782,000 | 135.8K |
| 13 | BORR DRILLING LT | SHS | 0.75% | $510,000 | 462.9K |
| 14 | SCORPIO BULKERS | COM | 0.56% | $383,000 | 25.0K |
Filing History
| Quarter | Reported Value | Positions | Filed | Type | Links |
|---|---|---|---|---|---|
| Q1 2026 | $182M | 9 | Apr 20, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q4 2025 | $195M | 8 | Jan 12, 2026 | 13F-HR | changes · EDGAR ↗ |
| Q3 2025 | $233M | 8 | Oct 8, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q2 2025 | $313M | 8 | Jul 29, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q1 2025 | $135M | 6 | Apr 30, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q4 2024 | $113M | 5 | Feb 10, 2025 | 13F-HR | changes · EDGAR ↗ |
| Q3 2024 | $160M | 7 | Nov 1, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q2 2024 | $153M | 6 | Jul 30, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q1 2024 | $125M | 5 | May 31, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q4 2023 | Under review | 8 | Jan 26, 2024 | 13F-HR | changes · EDGAR ↗ |
| Q3 2023 | Under review | 2 | Oct 12, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q2 2023 | $94M | 3 | Jul 28, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q1 2023 | $98M | 4 | Apr 11, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q4 2022 | $71M | 4 | Jan 17, 2023 | 13F-HR | changes · EDGAR ↗ |
| Q3 2022 | $59M | 4 | Oct 27, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q2 2022 | $77M | 5 | Jul 8, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q1 2022 | $85M | 5 | May 6, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q4 2021 | $77M | 5 | Feb 14, 2022 | 13F-HR | changes · EDGAR ↗ |
| Q3 2021 | $42M | 5 | Oct 15, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q2 2021 | $2M | 3 | Jul 26, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q4 2020 | $28M | 1 | Feb 16, 2021 | 13F-HR | changes · EDGAR ↗ |
| Q3 2020 | $43M | 2 | Nov 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q2 2020 | $68M | 14 | Aug 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q1 2020 | $142M | 13 | May 14, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q4 2019 | $239M | 10 | Feb 13, 2020 | 13F-HR | changes · EDGAR ↗ |
| Q3 2019 | $339M | 12 | Nov 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q2 2019 | $294M | 11 | Aug 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q1 2019 | $331M | 11 | May 14, 2019 | 13F-HR | changes · EDGAR ↗ |
| Q4 2018 | $371M | 13 | 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 ↗.