SEC 13F Intelligence

Managers / Q2 2019 · view latest →

Soapstone Management L.P.

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

Reported Value
$184M
Q2 2019
Positions
18
Filings on Record
30
2019–present window
Filed
Aug 14, 2019
original filing

Summary

Soapstone Management L.P. reported $184M in U.S.-listed holdings across 18 positions for Q2 2019.

The portfolio is heavily concentrated: BLDR alone accounts for 22.5% of reported value.

Compared with Q1 2019, the fund opened 0 new positions and exited 1.

Portfolio Metrics

Turnover
+9.9%
vs prior filed quarter
Top-10 Concentration
+85.4%
share of reported value
Largest Position
+22.5%
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: 98.7%Other: 1.3%
  • Common Stock · 98.7% · $182M
  • Other · 1.3% · $2M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2019 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
BALLBALL CORPSOLD OUT−40.0K0−$2M$0
SUSUNCOR ENERGY INC NEWADDED+200.0K450.0K+$6M$14M
CTRACABOT OIL & GAS CORPTRIMMED−125.0K50.0K−$3M$1M
LKQ1LKQ CORPTRIMMED−300.0K235.0K−$9M$6M
OCOWENS CORNING NEWTRIMMED−150.0K125.0K−$6M$7M
WFCWELLS FARGO CO NEWTRIMMED−300.0K325.0K−$15M$15M
ADIENT PLCTRIMMED−85.0K100.0K+$29,000$2M
OLNOLIN CORPADDED+150.0K725.0K+$3M$16M

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

Holdings — Q2 2019

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BLDRBUILDERS FIRSTSOURCE INChistory →COM22.45%$41M2.45M
2BECNUSDBEACON ROOFING SUPPLY INChistory →COM9.48%$17M475.0K
3SCHWTHE CHARLES SCHWAB CORPORATIhistory →COM8.74%$16M400.0K
4OLNOLIN CORPhistory →COM PAR $18.64%$16M725.0K
5WFCWELLS FARGO CO NEWhistory →COM8.36%$15M325.0K
6SUSUNCOR ENERGY INC NEWhistory →COM7.62%$14M450.0K
7WABWABTEC CORPhistory →COM5.85%$11M150.0K
8BMCHBMC STK HLDGS INChistory →COM5.23%$10M454.1K
9UNVREURUNIVAR INChistory →COM5.09%$9M425.0K
10OCOWENS CORNING NEWhistory →COM3.95%$7M125.0K
11GOOGLALPHABET INChistory →CAP STK CL A3.87%$7M6.6K
12LKQ1LKQ CORPhistory →COM3.40%$6M235.0K
13ASIXADVANSIX INChistory →COM1.89%$3M142.3K
14CCCHEMOURS COhistory →COM1.76%$3M135.0K
15ADIENT PLCORD SHS1.32%$2M100.0K
16AYAEURSTARS GROUP INCCOM0.93%$2M100.0K
17JBHTHUNT J B TRANS SVCS INCCOM0.78%$1M15.8K
18CTRACABOT OIL & GAS CORPCOM0.62%$1M50.0K

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 ↗.