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Adirondack Research & Management Inc. Historical SEC 13F Holdings & Archive (Q3 2021)
Adirondack Research & Management Inc.CIK: 0001569100
Diversified strategyQuality / disciplined sizingLong-term holder
Total reported value
$82.2M
Reporting period: 2021-09-30 · Number of holdings: 98
Adirondack Research & Management Inc. disclosed 98 holdings in its latest 13F filing for the period ending 2021-09-30, with total reported value of $82.2M and a quarterly turnover rate of 0.0%.
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Personality snowflake
- Concentration
- 5.65
- Portfolio Stability
- 0
- Momentum
- 50
- Sector conviction
- 49.56
- Diversification
- 100
- Sizing Uniformity
- 93.76
Adirondack Research & Management Inc.'s disclosed holdings carry a Herfindahl concentration index of 0.014 — mathematically equivalent to about 71 equally-sized positions, close to its 98 actual disclosed holdings. Value is spread relatively evenly across the portfolio rather than concentrated in a handful of names.
Position sizes are fairly uniform across the portfolio (a coefficient of variation of 0.62), suggesting a disciplined, rules-based approach to how much capital goes into each idea.
No strong tilt toward either adding to existing winners or initiating outsized new positions was observed in the latest reported quarter.
Sector classification currently covers about 10% of this portfolio's disclosed value; the remainder includes holdings (e.g. unmapped tickers, options, or other security types) not yet covered by our sector mapping.
Source and citation information
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Recent moves
View source Form 13F filing on SEC.govNo holding changes this quarter
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | CNDT | Conduent Inc | Stock-Other | 3.88% | — | — | |
| 2 | UIS | Unisys CORP | Stock-Other | 2.32% | — | -9.49% | |
| 3 | CNO | Cno Financial Group Inc | Stock-Financials | 2.29% | — | — | |
| 4 | AR | Antero Resources CORP | Stock-Energy | 2.28% | — | +24.16% | |
| 5 | LAZ | Lazard, Inc. | Stock-Financials | 2.17% | — | -3.57% | |
| 6 | CLSEUR | Celestica Inc | Stock-Other | 2.10% | — | -10.52% | |
| 7 | ADTNEUR | Adtran Inc | Stock-Other | 2.09% | — | +1.89% | |
| 8 | SPNT | SiriusPoint Ltd. | Stock-Other | 2.05% | — | — | |
| 9 | LYTS | Lsi Industries Inc | Stock-Other | 1.97% | — | -0.71% | |
| 10 | TRST | Trustco Bank CORP Ny | Stock-Other | 1.92% | — | +33.83% | |
| 11 | EAFEUR | Graftech International LTD | Stock-Other | 1.91% | — | — | |
| 12 | VG1EUR | Vonage Holdings CORP | Stock-Other | 1.89% | — | -10.60% | |
| 13 | NWLIEUR | National Western Life Grou-a | Stock-Other | 1.87% | — | -7.23% | |
| 14 | BRX | Brixmor Property Group Inc | Stock-Real Estate | 1.85% | — | -0.85% | |
| 15 | ASC | Ardmore Shipping Corporation | Stock-Other | 1.85% | — | +3.40% | |
| 16 | HLMN | Hillman Solutions CORP | Stock-Other | 1.83% | — | — | |
| 17 | MTG | Mgic Investment CORP | Stock-Financials | 1.79% | — | -5.13% | |
| 18 | INFNEUR | Infinera CORP | Stock-Other | 1.66% | — | -4.46% | |
| 19 | GNW | Genworth Financial Inc | Stock-Financials | 1.65% | — | +15.09% | |
| 20 | PLAB | Photronics Inc | Stock-Other | 1.49% | — | — | |
| 21 | OI | O-i Glass Inc | Stock-Other | 1.42% | — | -7.08% | |
| 22 | MDRX | Veradigm Inc | Stock-Other | 1.42% | — | +7.80% | |
| 23 | CODI | Compass Diversified Holdings | Stock-Other | 1.40% | — | -1.13% | |
| 24 | ADM | Archer-daniels-midland Co | Stock-Consumer Staples | 1.33% | — | +5.65% | |
| 25 | COP | Conocophillips | Stock-Energy | 1.32% | — | -0.11% | |
| 26 | TSN | Tyson Foods Inc-cl A | Stock-Consumer Staples | 1.30% | — | +0.01% | |
| 27 | CSCO | Cisco Systems Inc | Stock-Tech | 1.27% | — | +4.31% | |
| 28 | CTRA | Coterra Energy Inc | Stock-Energy | 1.27% | — | -44.85% | |
| 29 | BAX | Baxter International Inc | Stock-Healthcare | 1.23% | — | — | |
| 30 | HILUSD | Hill International Inc | Stock-Other | 1.17% | — | +12.11% | |
| 31 | TIPT | Tiptree Inc | Stock-Other | 1.17% | — | +1.92% | |
| 32 | DENN | Denny's CORP | Stock-Other | 1.15% | — | -0.48% | |
| 33 | D | Dominion Energy Inc | Stock-Utilities | 1.14% | — | +0.80% | |
| 34 | WFC | Wells Fargo & Co | Stock-Financials | 1.12% | — | +0.01% | |
| 35 | IMKTA | Ingles Markets Inc-class A | Stock-Other | 1.12% | — | — | |
| 36 | F | Ford Motor Co | Stock-Consumer Disc | 1.07% | — | +4.56% | |
| 37 | PM | Philip Morris International | Stock-Consumer Staples | 1.05% | — | +0.02% | |
| 38 | ARAY | Accuray Inc | Stock-Other | 1.05% | — | +5.49% | |
| 39 | TAP | Molson Coors Beverage Co - B | Stock-Consumer Staples | 1.05% | — | -0.34% | |
| 40 | CGNT | Cognyte Software Ltd. | Stock-Other | 1.03% | — | +64.43% | |
| 41 | T | At&t Inc | Stock-Comm Services | 1.00% | — | +0.77% | |
| 42 | KO | Coca-cola Co/the | Stock-Consumer Staples | 0.99% | — | +0.92% | |
| 43 | TWNKEUR | Hostess Brands Inc | Stock-Other | 0.96% | — | — | |
| 44 | SEB | Seaboard CORP | Stock-Other | 0.95% | — | -4.52% | |
| 45 | RL | Ralph Lauren CORP | Stock-Consumer Disc | 0.95% | — | +0.01% | |
| 46 | MTRX | Matrix Service Co | Stock-Other | 0.93% | — | -11.85% | |
| 47 | AEBA | Allete Inc | Stock-Other | 0.92% | — | — | |
| 48 | WLMSEUR | Williams Industrial Services | Stock-Other | 0.91% | — | -15.08% | |
| 49 | CNX | Cnx Resources CORP | Stock-Energy | 0.90% | — | — | |
| 50 | WLKP | Westlake Chemical Partners L | Stock-Other | 0.86% | — | +0.03% |
1–50 of 98
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
| Period | Holdings | Total value | Stability | Top holdings | |
|---|---|---|---|---|---|
| 2021 Q3 | 98 | $82.2M | 0 | ||
| 2021 Q2 | 94 | $85.5M | 99 | ||
| 2021 Q1 | 90 | $84.6M | 45 | ||
| 2020 Q4 | 81 | $73.1M | 34 | ||
| 2020 Q3 | 75 | $71.8M | 26 | ||
| 2020 Q2 | 75 | $76.2M | 36 | ||
| 2020 Q1 | 86 | $71.7M | 69 | ||
| 2019 Q4 | 88 | $115.4M | 39 | ||
| 2019 Q3 | 96 | $114.6M | 43 | ||
| 2019 Q2 | 100 | $139.5M | 32 | ||
| 2019 Q1 | 100 | $160.5M | 28 | ||
| 2018 Q4 | 98 | $159.9M | 61 | ||
| 2018 Q3 | 113 | $267.1M | 25 | ||
| 2018 Q2 | 113 | $256.4M | 33 | ||
| 2018 Q1 | 112 | $249.4M | 35 | ||
| 2017 Q4 | 108 | $254.7M | 29 | ||
| 2017 Q3 | 107 | $255.9M | 29 | ||
| 2017 Q2 | 110 | $256.9M | 24 | ||
| 2017 Q1 | 115 | $278.4M | 35 | ||
| 2016 Q4 | 107 | $294.4M | 28 | ||
| 2016 Q3 | 110 | $276.9M | 24 | ||
| 2016 Q2 | 114 | $266.6M | 34 | ||
| 2016 Q1 | 109 | $275.9M | 22 | ||
| 2015 Q4 | 101 | $276.4M | 24 | ||
| 2015 Q3 | 102 | $260.9M | 25 | ||
| 2015 Q2 | 97 | $272.3M | 27 | ||
| 2015 Q1 | 94 | $257.9M | 26 | ||
| 2014 Q4 | 99 | $267.2M | 22 | ||
| 2014 Q3 | 98 | $269.6M | 28 | ||
| 2014 Q2 | 99 | $295.8M | 25 | ||
| 2014 Q1 | 98 | $261.4M | 39 | ||
| 2013 Q4 | 97 | $205.9M | 32 | ||
| 2013 Q3 | 96 | $173.6M | 32 | ||
| 2013 Q2 | 96 | $134.0M | 24 |
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Data Source Notice: AlphaSMO is the web's most authoritative 13F / Inside Trader database. Institutional holdings and insider trades presented here are precisely computed to deliver accurate portfolio reporting.
Holding changes this quarter
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|
Filing History
FAQ
What is Adirondack Research & Management Inc. and what type of investor is it?
Adirondack Research & Management Inc. is an investment manager that files SEC Form 13F quarterly, disclosing its U.S. public equity holdings to regulators. As of the most recent reporting period (2021-09-30), the firm manages a tracked equity portfolio valued at approximately $82.2M, spread across 98 disclosed positions.
What are Adirondack Research & Management Inc.'s largest equity positions?
Based on the latest 13F filing, Adirondack Research & Management Inc.'s top holdings by market value are:
1. Conduent Inc (CNDT) — $3.2M (3.9%)
2. Unisys CORP (UIS) — $1.9M (2.3%)
3. Cno Financial Group Inc (CNO) — $1.9M (2.3%)
4. Antero Resources CORP (AR) — $1.9M (2.3%)
5. Lazard, Inc. (LAZ) — $1.8M (2.2%)
What changes did Adirondack Research & Management Inc. make in its most recent portfolio filing?
No notable portfolio changes were recorded for Adirondack Research & Management Inc. in the most recent quarter. Holdings appear to have remained relatively stable.
What sectors does Adirondack Research & Management Inc. focus on?
Adirondack Research & Management Inc. is concentrated in the following sectors based on its current disclosed equity portfolio:
• Consumer Staples: 24.6%
• Information Technology: 18.9%
• Health Care: 15.6%
• Energy: 13.2%
• Financials: 11.3%
• Communication Services: 10.0%
Investment Profile
Adirondack Research & Management Inc.'s portfolio is broadly diversified and long-term-holding.
Its turnover score has fallen from 26 to 0 over the past 4 quarters — a shift toward longer holding periods.
It has added to its AR position over the past two quarters (+$998.0K, now $1.9M), while trimming UAA over the same stretch (-$805.0K, still holding $605.0K).
Peer Institutions
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CF
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Sector conviction49.9
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MA
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CIK 0001427112
Total reported value
$82.3M
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OC
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CIK 0001817181
Total reported value
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Sector conviction100.0
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