SEC 13F Intelligence

Managers / Q4 2022 · view latest →

Soapstone Management L.P.

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

Reported Value
$237M
Q4 2022
Positions
18
Filings on Record
30
2019–present window
Filed
Jan 25, 2023
original filing

Summary

Soapstone Management L.P. reported $237M in U.S.-listed holdings across 18 positions for Q4 2022.

Its largest position, SCHW, represents 11.2% of the portfolio.

Compared with Q3 2022, the fund opened 0 new positions and exited 3.

Portfolio Metrics

Turnover
+9.4%
vs prior filed quarter
Top-10 Concentration
+78.3%
share of reported value
Largest Position
+11.2%
Schwab Charles

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: 88.7%ADR: 6.8%Other: 4.5%
  • Common Stock · 88.7% · $210M
  • ADR · 6.8% · $16M
  • Other · 4.5% · $11M

Quarter-over-Quarter Changes full breakdown →

vs Q3 2022 (amended baseline)

IssuerMoveShare ΔShares nowValue ΔValue now
NEOGNEOGEN CORPADDED+845.0K1.20M+$13M$18M
RENAISSANCERE HLDGS LTDSOLD OUT−63.8K0−$9M$0
ISHARES INCSOLD OUT−262.5K0−$8M$0
FANGDIAMONDBACK ENERGY INCSOLD OUT−15.7K0−$2M$0
CA8ACACI INTL INCTRIMMED−35.0K33.4K−$8M$10M
LDOSLEIDOS HOLDINGS INCTRIMMED−89.7K95.0K−$6M$10M
AMZNAMAZON COM INCADDED+46.3K181.3K−$30,000$15M
GOOGLALPHABET INCADDED+22.8K90.0K+$2M$8M

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

Holdings — Q4 2022

18 positions
Export to Excel
#IssuerClass% PortfolioValue ↓Shares
1SCHWSCHWAB CHARLES CORPhistory →COM11.23%$27M320.0K
2CEGCONSTELLATION ENERGY CORPhistory →COM10.36%$25M285.0K
3BLDRBUILDERS FIRSTSOURCE INChistory →COM8.07%$19M295.0K
4EQHEQUITABLE HLDGS INChistory →COM7.87%$19M650.0K
5NEOGNEOGEN CORPhistory →COM7.67%$18M1.20M
6OLNOLIN CORPhistory →COM PAR $17.26%$17M325.0K
7ASAIYSENDAS DISTRIBUIDORA S Ahistory →SPON ADS6.81%$16M882.5K
8BALLBALL CORPhistory →COM6.61%$16M306.5K
9AMZNAMAZON COM INChistory →COM6.42%$15M181.3K
10DOORUSDMASONITE INTL CORPhistory →COM5.95%$14M175.0K
11CA8ACACI INTL INChistory →CL A4.23%$10M33.4K
12LDOSLEIDOS HOLDINGS INChistory →COM4.21%$10M95.0K
13CONSTELLIUM SECL A SHS3.99%$9M800.0K
14GOOGLALPHABET INChistory →CAP STK CL A3.35%$8M90.0K
15CRCCANADIAN NAT RES LTDhistory →COM2.34%$6M100.0K
16CFGCITIZENS FINL GROUP INChistory →COM1.66%$4M100.0K
17JELDJELD-WEN HLDG INChistory →COM1.42%$3M350.0K
18DIGIMARC CORP NEWCOM0.54%$1M69.1K

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 ↗.