SEC 13F Intelligence

Managers / Q2 2022 · view latest →

Soapstone Management L.P.

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

Reported Value
$236M
Q2 2022
Positions
18
Filings on Record
30
2019–present window
Filed
Aug 15, 2022
original filing

Summary

Soapstone Management L.P. reported $236M in U.S.-listed holdings across 18 positions for Q2 2022.

Its largest position, BLDR, represents 10.4% of the portfolio.

Compared with Q1 2022, the fund opened 3 new positions and exited 0.

Portfolio Metrics

Turnover
+12.1%
vs prior filed quarter
Top-10 Concentration
+75.2%
share of reported value
Largest Position
+10.4%
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: 84.9%Other: 9.4%ADR: 5.8%
  • Common Stock · 84.9% · $200M
  • Other · 9.4% · $22M
  • ADR · 5.8% · $14M

Quarter-over-Quarter Changes full breakdown →

vs Q1 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
SCHWSCHWAB CHARLES CORPNEW+300.0K300.0K+$19M$19M
BALLBALL CORPNEW+100.0K100.0K+$7M$7M
FANGDIAMONDBACK ENERGY INCNEW+38.8K38.8K+$5M$5M
AMZNAMAZON COM INCADDED+135.6K138.8K+$5M$15M
GOOGLALPHABET INCADDED+3.1K6.4K+$5M$14M
JELDJELD-WEN HLDG INCTRIMMED−225.0K525.0K−$8M$8M
OLNOLIN CORPADDED+55.0K305.0K+$1M$14M
CA8ACACI INTL INCADDED+11.3K68.8K+$2M$19M

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

Holdings — Q2 2022

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1BLDRBUILDERS FIRSTSOURCE INChistory →COM10.41%$25M457.5K
2EQHEQUITABLE HLDGS INChistory →COM8.28%$20M750.0K
3CA8ACACI INTL INChistory →CL A8.20%$19M68.8K
4SCHWSCHWAB CHARLES CORPhistory →COM8.03%$19M300.0K
5CEGCONSTELLATION ENERGY CORPhistory →COM7.97%$19M328.5K
6LDOSLEIDOS HOLDINGS INChistory →COM7.89%$19M185.0K
7DOORUSDMASONITE INTL CORPhistory →COM6.35%$15M195.0K
8AMZNAMAZON COM INChistory →COM6.24%$15M138.8K
9OLNOLIN CORPhistory →COM PAR $15.98%$14M305.0K
10GOOGLALPHABET INChistory →CAP STK CL A5.88%$14M6.4K
11ASAIYSENDAS DISTRIBUIDORA S Ahistory →SPON ADS5.76%$14M1.00M
12CONSTELLIUM SECL A SHS4.48%$11M800.0K
13RENAISSANCERE HLDGS LTDCOM4.47%$11M67.5K
14JELDJELD-WEN HLDG INChistory →COM3.24%$8M525.0K
15BALLBALL CORPhistory →COM2.91%$7M100.0K
16FANGDIAMONDBACK ENERGY INChistory →COM1.99%$5M38.8K
17CFGCITIZENS FINL GROUP INChistory →COM1.51%$4M100.0K
18DIGIMARC CORP NEWCOM0.41%$977,00069.1K

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 ↗.