Emancipation Management 13F annual report
Emancipation Management is an investment fund managing more than $20.2 million ran by Charles Frumberg. There are currently 12 companies in Mr. Frumberg’s portfolio. The largest investments include PowerFleet and Synchronoss Technologies, together worth $14.5 million.
$20.2 million Assets Under Management (AUM)
As of 7th October 2020, Emancipation Management’s top holding is 1,720,770 shares of PowerFleet currently worth over $11.2 million and making up 55.5% of the portfolio value.
Relative to the number of outstanding shares of PowerFleet, Emancipation Management owns less than approximately 0.1% of the company.
In addition, the fund holds 692,834 shares of Synchronoss Technologies worth $3.29 million, whose value fell 1.5% in the past six months.
The third-largest holding is Avaya Hldgs Corp worth $1.63 million and the next is Graham worth $1.13 million, with 51,780 shares owned.
Currently, Emancipation Management's portfolio is worth at least $20.2 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 Emancipation Management
The Emancipation Management office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Charles Frumberg serves as the Managing Member at Emancipation Management.
Recent trades
In the most recent 13F filing, Emancipation Management revealed that it had opened a new position in
PowerFleet and bought 1,720,770 shares worth $11.2 million.
This means they effectively own approximately 0.1% of the company.
PowerFleet makes up
73.9%
of the fund's Technology sector allocation and has grown its share price by 8.4% in the past year.
The investment fund also strengthened its position in Synchronoss Technologies by buying
529,902 additional shares.
This makes their stake in Synchronoss Technologies total 692,834 shares worth $3.29 million.
Synchronoss Technologies dropped 45.2% in the past year.
On the other hand, there are companies that Emancipation Management is getting rid of from its portfolio.
Emancipation Management closed its position in I D Systems Inc on 10th February 2020.
It sold the previously owned 1,720,770 shares for $9.41 million.
Charles Frumberg also disclosed a decreased stake in Avaya Hldgs Corp by approximately 0.1%.
This leaves the value of the investment at $1.63 million and 121,044 shares.
One of the smallest hedge funds
The two most similar investment funds to Emancipation Management are Second Curve Capital and Stonepeak Gp Investors Manager. They manage $20.5 million and $20.6 million respectively.
Charles Frumberg investment strategy
Emancipation Management’s portfolio is diversified across 5 sectors.
Currently, their heaviest sector is Technology — making up 75.1% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are small-cap stocks.
Stocks with a size of more than $100 million in market cap make up
25% of the total holdings value.
On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio.
The average market cap of the portfolio companies is close to $97.1 million.
The complete list of Emancipation Management trades based on 13F SEC filings
These positions were updated on February 10th 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 |
|---|---|---|---|
| PowerFleet, Inc. |
Opened
1,720,770
|
$11,202,000 | 55.52% |
| I D Systems Inc |
Closed
1,720,770
|
$9,413,000 | |
| Synchronoss Technologies, Inc. |
325.23%
692,834
|
$3,291,000 | 16.31% |
| Navigator Holdings Ltd. |
Closed
164,113
|
$1,753,000 | |
| Avaya Hldgs Corp |
5.88%
121,044
|
$1,634,000 | 8.10% |
| Vonage Hldgs Corp |
Closed
123,180
|
$1,392,000 | |
| ForeScout Technologies, Inc. |
Closed
35,000
|
$1,327,000 | |
| Graham Corp. |
32.65%
51,780
|
$1,133,000 | 5.62% |
| Global Eagle Entmt Inc |
3.77%
1,670,904
|
$835,000 | 4.14% |
| Direxion Shs Etf Tr |
Closed
15,000
|
$705,000 | |
| Arlo Technologies, Inc. |
Closed
198,183
|
$676,000 | |
| Synacor, Inc. |
55.59%
438,558
|
$667,000 | 3.31% |
| International Business Machs |
No change
3,946
|
$529,000 | 2.62% |
| Microsoft Corp. |
Closed
3,458
|
$481,000 | |
| Qumu Corp. |
Closed
100,000
|
$326,000 | |
| Rand Cap Corp |
1.84%
116,798
|
$313,000 | 1.55% |
| RTW Retailwinds, Inc. |
239.25%
315,507
|
$253,000 | 1.25% |
| HyreCar, Inc. |
Closed
100,000
|
$250,000 | |
| North European Oil Rty Tr |
85.69%
33,167
|
$196,000 | 0.97% |
| Avita Med Ltd |
Opened
10,000
|
$91,000 | 0.45% |
| Gse Sys Inc |
Closed
32,500
|
$57,000 | |
| S&W Seed Co. |
No change
15,000
|
$32,000 | 0.16% |
| No transactions found | |||
| Showing first 500 out of 22 holdings | |||
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