SEC 13F Intelligence

Managers / Q1 2019 · view latest →

Soapstone Management L.P.

CIK 0001726948 · 7500 OLD GEORGETOWN ROAD, SUITE 200, BETHESDA, MD, 20814 · 212-319-1438

Reported Value
$205M
Q1 2019
Positions
19
Filings on Record
30
2019–present window
Filed
May 15, 2019
original filing

Summary

Soapstone Management L.P. reported $205M in U.S.-listed holdings across 19 positions for Q1 2019.

Its largest position, BLDR, represents 15.8% of the portfolio.

Compared with Q4 2018, the fund opened 0 new positions and exited 2.

Portfolio Metrics

Turnover
+7.8%
vs prior filed quarter
Top-10 Concentration
+82.2%
share of reported value
Largest Position
+15.8%
Builders Firstsource

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. 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
Q4 ’18: $166MQ4 ’18Q1 ’19: $205MQ2 ’19: $184MQ3 ’19: $184MQ4 ’19: $157MQ4 ’19Q1 ’20: $116MQ2 ’20: $174MQ3 ’20: $204MQ4 ’20: $232MQ4 ’20Q1 ’21: $225MQ2 ’21: $249MQ3 ’21: $238MQ4 ’21: $217MQ4 ’21Q1 ’22: $219MQ2 ’22: $236MQ3 ’22: $256MQ4 ’22: $237MQ4 ’22Q1 ’23: $224MQ2 ’23: $224MQ3 ’23: $216MQ4 ’23: $183MQ4 ’23Q1 ’24: $179MQ2 ’24: $150MQ3 ’24: $120MQ4 ’24: $106MQ4 ’24Q1 ’25: $128MQ2 ’25: $151MQ3 ’25: $147MQ4 ’25: $136MQ4 ’25Q1 ’26: $140Mfilingsflow.com

Portfolio Composition

By security type
Common Stock: 98.8%Other: 1.2%
  • Common Stock · 98.8% · $203M
  • Other · 1.2% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q4 2018 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
ADIENT PLCADDED+175.0K185.0K+$2M$2M
OLNOLIN CORPADDED+456.8K575.0K+$11M$13M
WABWABTEC CORPADDED+115.5K150.0K+$9M$11M
CCKCROWN HOLDINGS INCSOLD OUT−187.5K0−$8M$0
VISNCOMMSCOPE HLDG CO INCSOLD OUT−53.5K0−$876,000$0
GOOGLALPHABET INCADDED+2.3K5.8K+$3M$7M
BALLBALL CORPTRIMMED−60.0K40.0K−$2M$2M
OCOWENS CORNING NEWADDED+100.0K275.0K+$5M$13M

Value changes conflate price moves with buying and selling — share changes are the real signal. Share counts are not split-adjusted.

Holdings — Q1 2019

19 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BLDRBUILDERS FIRSTSOURCE INChistory →COM15.76%$32M2.42M
2WFCWELLS FARGO CO NEWhistory →COM14.74%$30M625.0K
3SCHWTHE CHARLES SCHWAB CORPORATIhistory →COM8.03%$16M385.0K
4BECNUSDBEACON ROOFING SUPPLY INChistory →COM7.85%$16M500.0K
5LKQ1LKQ CORPhistory →COM7.41%$15M535.0K
6OLNOLIN CORPhistory →COM PAR $16.49%$13M575.0K
7OCOWENS CORNING NEWhistory →COM6.32%$13M275.0K
8WABWABTEC CORPhistory →COM5.40%$11M150.0K
9BMCHBMC STK HLDGS INChistory →COM5.17%$11M600.0K
10UNVREURUNIVAR INChistory →COM5.04%$10M466.4K
11SUSUNCOR ENERGY INC NEWhistory →COM3.96%$8M250.0K
12GOOGLALPHABET INChistory →CAP STK CL A3.30%$7M5.8K
13CCCHEMOURS COhistory →COM2.27%$5M125.0K
14CTRACABOT OIL & GAS CORPhistory →COM2.23%$5M175.0K
15ASIXADVANSIX INChistory →COM2.09%$4M150.0K
16ADIENT PLCORD SHS1.17%$2M185.0K
17BALLBALL CORPhistory →COM1.13%$2M40.0K
18AYAEURSTARS GROUP INCCOM0.85%$2M100.0K
19JBHTHUNT J B TRANS SVCS INCCOM0.78%$2M15.8K

Filing History

QuarterReported ValuePositionsFiledTypeLinks
Q1 2026$140M12May 15, 202613F-HRchanges · EDGAR ↗
Q4 2025$136M13Feb 17, 202613F-HRchanges · EDGAR ↗
Q3 2025$147M13Nov 14, 202513F-HRchanges · EDGAR ↗
Q2 2025$151M15Aug 14, 202513F-HRchanges · EDGAR ↗
Q1 2025$128M14May 15, 202513F-HRchanges · EDGAR ↗
Q4 2024$106M15Feb 14, 202513F-HRchanges · EDGAR ↗
Q3 2024$120M15Nov 14, 202413F-HRchanges · EDGAR ↗
Q2 2024$150M18Aug 14, 202413F-HRchanges · EDGAR ↗
Q1 2024$179M16May 15, 202413F-HRchanges · EDGAR ↗
Q4 2023$183M19Feb 14, 202413F-HRchanges · EDGAR ↗
Q3 2023$216M18Nov 14, 202313F-HRchanges · EDGAR ↗
Q2 2023$224M18Aug 14, 202313F-HRchanges · EDGAR ↗
Q1 2023$224M17May 15, 202313F-HRchanges · EDGAR ↗
Q4 2022$237M18Jan 25, 202313F-HRchanges · EDGAR ↗
Q3 2022$256M21Nov 14, 202213F-HRchanges · EDGAR ↗
Q2 2022$236M18Aug 15, 202213F-HRchanges · EDGAR ↗
Q1 2022$219M15May 6, 202213F-HRchanges · EDGAR ↗
Q4 2021$217M18Feb 14, 202213F-HRchanges · EDGAR ↗
Q3 2021$238M17Nov 15, 202113F-HRchanges · EDGAR ↗
Q2 2021$249M20Aug 16, 202113F-HRchanges · EDGAR ↗
Q1 2021$225M19May 17, 202113F-HRchanges · EDGAR ↗
Q4 2020$232M20Feb 16, 202113F-HRchanges · EDGAR ↗
Q3 2020$204M20Nov 16, 202013F-HRchanges · EDGAR ↗
Q2 2020$174M17Aug 14, 202013F-HRchanges · EDGAR ↗
Q1 2020$116M15May 15, 202013F-HRchanges · EDGAR ↗
Q4 2019$157M16Feb 14, 202013F-HRchanges · EDGAR ↗
Q3 2019$184M17Nov 14, 201913F-HRchanges · EDGAR ↗
Q2 2019$184M18Aug 14, 201913F-HRchanges · EDGAR ↗
Q1 2019$205M19May 15, 201913F-HRchanges · EDGAR ↗
Q4 2018$166M21Feb 14, 201913F-HRchanges · 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 ↗.