Adirondack Research & Management 13F annual report
Adirondack Research & Management is an investment fund managing more than $81.9 million ran by Jarrod Becker. There are currently 97 companies in Mr. Becker’s portfolio. The largest investments include Conduent Inc and Unisys, together worth $5.1 million.
$81.9 million Assets Under Management (AUM)
As of 22nd October 2021, Adirondack Research & Management’s top holding is 484,139 shares of Conduent Inc currently worth over $3.19 million and making up 3.9% of the portfolio value.
Relative to the number of outstanding shares of Conduent Inc, Adirondack Research & Management owns more than approximately 0.1% of the company.
In addition, the fund holds 75,858 shares of Unisys worth $1.91 million, whose value grew 3.4% in the past six months.
The third-largest holding is Cno Finl Group Inc worth $1.88 million and the next is Antero Resources Corp worth $1.88 million, with 99,690 shares owned.
Currently, Adirondack Research & Management's portfolio is worth at least $81.9 million. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
Careers at Adirondack Research & Management
The Adirondack Research & Management office and employees reside in Guilderland, New York. According to the last 13-F report filed with the SEC, Jarrod Becker serves as the Chief Compliance Officer at Adirondack Research & Management.
Recent trades
In the most recent 13F filing, Adirondack Research & Management revealed that it had opened a new position in
Hillman Soulutions Corp and bought 126,181 shares worth $1.51 million.
The investment fund also strengthened its position in Antero Resources Corp by buying
19,400 additional shares.
This makes their stake in Antero Resources Corp total 99,690 shares worth $1.88 million.
Antero Resources Corp soared 467.1% in the past year.
On the other hand, there are companies that Adirondack Research & Management is getting rid of from its portfolio.
Adirondack Research & Management closed its position in Covanta Hldg Corp on 29th October 2021.
It sold the previously owned 126,821 shares for $2.23 million.
Jarrod Becker also disclosed a decreased stake in Unisys by approximately 0.1%.
This leaves the value of the investment at $1.91 million and 75,858 shares.
One of the smallest hedge funds
The two most similar investment funds to Adirondack Research & Management are Blackcrane Capital and Ocean Arete Ltd. They manage $81.9 million and $81.9 million respectively.
Jarrod Becker investment strategy
Adirondack Research & Management’s portfolio is diversified across 11 sectors.
Currently, their heaviest sector is Technology — making up 16.2% of
the total portfolio value.
The fund focuses on investments in the United States as
58.8% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
21% of the total holdings value.
On the other hand, small-cap stocks make up only 2.1% of the portfolio.
The average market cap of the portfolio companies is close to $71.2 billion.
The complete list of Adirondack Research & Management trades based on 13F SEC filings
These positions were updated on October 29th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Conduent Inc |
No change
484,139
|
$3,190,000 | 3.89% |
| Covanta Hldg Corp |
Closed
126,821
|
$2,233,000 | |
| Unisys Corp. |
9.49%
75,858
|
$1,907,000 | 2.33% |
| Cno Finl Group Inc |
No change
79,920
|
$1,881,000 | 2.30% |
| Antero Resources Corp |
24.16%
99,690
|
$1,875,000 | 2.29% |
| Lazard Ltd. |
3.57%
38,901
|
$1,782,000 | 2.18% |
| Celestica, Inc. |
10.52%
193,996
|
$1,723,000 | 2.10% |
| Adtran Inc. |
1.89%
91,700
|
$1,720,000 | 2.10% |
| Siriuspoint Ltd |
No change
182,231
|
$1,687,000 | 2.06% |
| Lsi Inds Inc Ohio |
0.71%
208,653
|
$1,617,000 | 1.97% |
| Trustco Bk Corp N Y |
33.83%
49,446
|
$1,581,000 | 1.93% |
| Graftech Intl Ltd |
No change
152,078
|
$1,569,000 | 1.92% |
| Vonage Hldgs Corp |
10.60%
96,451
|
$1,555,000 | 1.90% |
| National Westn Life Group In |
7.23%
7,316
|
$1,541,000 | 1.88% |
| Brixmor Ppty Group Inc |
0.85%
68,886
|
$1,523,000 | 1.86% |
| Ardmore Shipping Corp |
3.40%
366,773
|
$1,522,000 | 1.86% |
| Landcadia Holdings III, Inc |
Closed
121,465
|
$1,506,000 | |
| Hillman Soulutions Corp |
Opened
126,181
|
$1,505,000 | 1.84% |
| Mgic Invt Corp Wis |
5.13%
98,600
|
$1,475,000 | 1.80% |
| Infinera Corp. |
4.46%
163,860
|
$1,363,000 | 1.66% |
| Genworth Finl Inc |
15.09%
361,285
|
$1,355,000 | 1.65% |
| Photronics, Inc. |
No change
89,858
|
$1,225,000 | 1.50% |
| O-I Glass Inc |
7.09%
81,715
|
$1,166,000 | 1.42% |
| Allscripts Healthcare Solutn |
7.80%
87,067
|
$1,164,000 | 1.42% |
| Compass Diversified |
1.13%
40,864
|
$1,151,000 | 1.40% |
| Archer Daniels Midland Co. |
5.65%
18,187
|
$1,091,000 | 1.33% |
| Conocophillips |
0.11%
15,975
|
$1,083,000 | 1.32% |
| Tyson Foods, Inc. |
0.01%
13,504
|
$1,066,000 | 1.30% |
| Cisco Sys Inc |
4.31%
19,187
|
$1,044,000 | 1.27% |
| Cabot Oil & Gas Corp. |
44.85%
47,950
|
$1,043,000 | 1.27% |
| Baxter International Inc. |
Opened
12,597
|
$1,013,000 | 1.24% |
| Hill International Inc |
12.11%
465,320
|
$963,000 | 1.18% |
| Tiptree Inc |
1.92%
95,600
|
$958,000 | 1.17% |
| Dennys Corp |
0.48%
57,800
|
$944,000 | 1.15% |
| Dominion Energy Inc |
0.80%
12,864
|
$939,000 | 1.15% |
| Wells Fargo Co New |
0.01%
19,884
|
$923,000 | 1.13% |
| Ingles Mkts Inc |
No change
13,910
|
$918,000 | 1.12% |
| Ford Mtr Co Del |
4.56%
61,875
|
$876,000 | 1.07% |
| Accuray Inc |
5.49%
218,537
|
$863,000 | 1.05% |
| Philip Morris International Inc |
0.02%
9,101
|
$863,000 | 1.05% |
| Molson Coors Beverage Company |
0.34%
18,582
|
$862,000 | 1.05% |
| Cognyte Software Ltd |
64.43%
41,334
|
$849,000 | 1.04% |
| AT&T, Inc. |
0.77%
30,353
|
$820,000 | 1.00% |
| Coca-Cola Co |
0.92%
15,544
|
$816,000 | 1.00% |
| PQ Group Holdings Inc |
Closed
52,134
|
$801,000 | |
| Hostess Brands, Inc. |
No change
45,470
|
$790,000 | 0.96% |
| Ralph Lauren Corp |
0.01%
7,015
|
$779,000 | 0.95% |
| Seaboard Corp. |
4.52%
190
|
$779,000 | 0.95% |
| Matrix Svc Co |
11.85%
72,835
|
$762,000 | 0.93% |
| Allete, Inc. |
No change
12,737
|
$758,000 | 0.93% |
| Williams Indl Svcs Group Inc |
15.08%
176,035
|
$751,000 | 0.92% |
| Cnx Res Corp |
Opened
58,400
|
$737,000 | 0.90% |
| Westlake Chem Partners Lp |
0.03%
29,210
|
$711,000 | 0.87% |
| Knowles Corp |
No change
36,909
|
$692,000 | 0.84% |
| Manitex International Inc |
No change
94,351
|
$677,000 | 0.83% |
| CDK Global Inc |
4.96%
15,682
|
$667,000 | 0.81% |
| Barnes Group Inc. |
0.01%
15,143
|
$632,000 | 0.77% |
| Schweitzer-Mauduit International, Inc. |
Opened
18,248
|
$632,000 | 0.77% |
| Harvard Bioscience Inc. |
9.45%
90,020
|
$628,000 | 0.77% |
| Old Rep Intl Corp |
No change
27,000
|
$625,000 | 0.76% |
| Sanmina Corp |
No change
16,128
|
$622,000 | 0.76% |
| Ecovyst Inc. |
Opened
52,375
|
$611,000 | 0.75% |
| Pactiv Evergreen Inc. |
No change
48,532
|
$608,000 | 0.74% |
| Under Armour Inc |
51.73%
30,000
|
$605,000 | 0.74% |
| Corning, Inc. |
15.58%
15,630
|
$570,000 | 0.70% |
| Amer Software Inc |
0.01%
23,978
|
$569,000 | 0.69% |
| Stewart Information Svcs Cor |
38.72%
8,700
|
$550,000 | 0.67% |
| A10 Networks Inc |
52.85%
40,636
|
$548,000 | 0.67% |
| Pacwest Bancorp |
0.02%
11,916
|
$540,000 | 0.66% |
| Hartford Finl Svcs Group Inc |
4.73%
7,445
|
$523,000 | 0.64% |
| Alibaba Group Hldg Ltd |
Opened
3,486
|
$516,000 | 0.63% |
| Microsoft Corporation |
3.84%
1,804
|
$509,000 | 0.62% |
| MetLife, Inc. |
3.90%
8,133
|
$502,000 | 0.61% |
| Cal-Maine Foods, Inc. |
16.97%
13,700
|
$495,000 | 0.60% |
| Quantum Corp |
No change
90,620
|
$469,000 | 0.57% |
| Chicos Fas Inc |
32.67%
103,948
|
$467,000 | 0.57% |
| EZCorp, Inc. |
37.23%
60,004
|
$454,000 | 0.55% |
| Hanesbrands Inc |
Opened
26,300
|
$451,000 | 0.55% |
| Exelon Corp. |
0.95%
8,835
|
$427,000 | 0.52% |
| Vishay Intertechnology, Inc. |
0.00%
20,834
|
$419,000 | 0.51% |
| Cleveland-Cliffs Inc |
11.36%
19,600
|
$388,000 | 0.47% |
| Teck Resources Ltd |
0.49%
15,370
|
$383,000 | 0.47% |
| Boston Scientific Corp. |
3.41%
8,780
|
$381,000 | 0.47% |
| Pfizer Inc. |
7.42%
8,115
|
$349,000 | 0.43% |
| Abbott Labs |
3.92%
2,945
|
$348,000 | 0.42% |
| Drive Shack Inc |
Opened
122,612
|
$345,000 | 0.42% |
| Coca-cola Europacific Partne |
0.48%
6,190
|
$342,000 | 0.42% |
| Pure Cycle Corp. |
No change
24,308
|
$324,000 | 0.40% |
| Alcoa Corp |
0.33%
6,275
|
$307,000 | 0.37% |
| Consolidated Edison, Inc. |
No change
4,140
|
$301,000 | 0.37% |
| Nokia Corp |
1.52%
51,880
|
$283,000 | 0.35% |
| Emcore Corp. |
9.58%
37,758
|
$282,000 | 0.34% |
| Twitter Inc |
2.22%
4,405
|
$266,000 | 0.32% |
| Myers Inds Inc |
No change
13,450
|
$263,000 | 0.32% |
| General Electric Co. |
87.49%
2,510
|
$259,000 | 0.32% |
| Change Healthcare Inc. |
Closed
10,739
|
$247,000 | |
| Huntsman Corp |
0.01%
7,643
|
$226,000 | 0.28% |
| Apple Inc |
Closed
1,540
|
$211,000 | |
| Dine Brands Global Inc |
0.38%
2,600
|
$211,000 | 0.26% |
| SP Plus Corp |
1.04%
6,859
|
$210,000 | 0.26% |
| Abbvie Inc |
No change
1,890
|
$204,000 | 0.25% |
| Venator Matls Plc |
Opened
57,620
|
$164,000 | 0.20% |
| No transactions found | |||
| Showing first 500 out of 102 holdings | |||
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