DC
DLS Capital Management, LLC Historical SEC 13F Holdings & Archive (Q4 2014)
DLS Capital Management, LLCCIK: 0001423116
Concentrated strategySector-focusedMomentum follower
Total reported value
$12.6M
Reporting period: 2014-12-31 · Number of holdings: 28
DLS Capital Management, LLC disclosed 28 holdings in its latest 13F filing for the period ending 2014-12-31, with total reported value of $12.6M and a quarterly turnover rate of 41.8%.
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Personality snowflake
- Concentration
- 100
- Portfolio Stability
- 41.77
- Momentum
- 100
- Sector conviction
- 100
- Diversification
- 52
- Sizing Uniformity
- 71.87
DLS Capital Management, LLC's disclosed holdings carry a Herfindahl concentration index of 0.331 — mathematically equivalent to about 3 equally-sized positions, well below its 28 actual disclosed holdings. That gap points to a strategy built around a small core of high-conviction bets rather than broad diversification.
Position sizes vary widely across the portfolio (a coefficient of variation of 2.81), with a handful of outsized bets alongside many smaller positions.
Recent activity leans toward adding more aggressively to already-large existing positions than to newly initiated ones (a 7.5 percentage-point tilt) — a pattern consistent with a momentum-following approach.
Sector classification currently covers about 5% 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.govAdd IMOS
+3.4% $441.0K
Trim 019344100
-65.0% -$301.0K
Add TSEM
-7.2% $163.0K
Trim WSGE
-25.9% -$159.0K
Trim ANRZQEUR
-9.6% -$136.0K
Trim VALE
0.0% -$97.0K
Holdings Map
New buyAddUnchangedTrim
Top 10 holdings by weight
Full holdings list this quarter
Showing top 26 holdings (of 28 total)
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | IMOS | ChipMOS TECHNOLOGIES INC. | Stock-Other | 56.61% | +4.44% | +3.36% | |
| 2 | ✓ | Bp P.l.c. | Stock-Other | 4.66% | +4.66% | NEW | |
| 3 | HIMX | Himax Technologies Inc-adr | Stock-Other | 4.12% | -0.38% | +8.93% | |
| 4 | TSEM | Tower Semiconductor Ltd. | Stock-Tech | 3.70% | +1.33% | -7.19% | |
| 5 | MU | Micron Technology Inc | Stock-Tech | 2.90% | +0.11% | — | |
| 6 | HPE | Hewlett Packard Enterprise Company | Stock-Tech | 2.70% | +0.36% | — | |
| 7 | VALE | Vale Sa-sp Adr | Stock-Materials | 2.44% | -0.71% | — | |
| 8 | ✓ | Flextronics Intl LTD | Stock-Other | 1.93% | +0.18% | — | |
| 9 | KGC | Kinross Gold CORP | Stock-Materials | 1.83% | -0.27% | +0.34% | |
| 10 | YRI | Yamana Gold Inc | Stock-Other | 1.81% | -0.37% | +21.34% | |
| 11 | INTC | Intel CORP | Stock-Tech | 1.75% | +0.10% | — | |
| 12 | ANRZQEUR | Alpha Natural Resources Inc | Stock-Other | 1.68% | -1.02% | -9.61% | |
| 13 | RIG | Transocean Ltd. | Stock-Energy | 1.57% | +1.57% | NEW | |
| 14 | ✓ | Stock-Other | 1.56% | +1.56% | NEW | ||
| 15 | STLD | Steel Dynamics Inc | Stock-Materials | 1.56% | +1.56% | NEW | |
| 16 | ✓ | Arch Coal Inc. | Stock-Other | 1.49% | +1.49% | NEW | |
| 17 | TECK | Teck Resources Ltd-cls B | Stock-Materials | 1.48% | +1.48% | NEW | |
| 18 | NGDN | New Gold Inc | Stock-Other | 1.19% | +0.21% | +40.00% | |
| 19 | ✓ | Rubicon Minerals CORP | Stock-Other | 1.15% | +0.09% | +50.00% | |
| 20 | WFRD | Weatherford International plc | Stock-Energy | 0.91% | +0.91% | NEW | |
| 21 | BTU | Peabody Energy Corporation | Stock-Energy | 0.70% | +0.70% | NEW | |
| 22 | ✓ | Dryships Inc | Stock-Other | 0.67% | -0.10% | +100.00% | |
| 23 | ✓ | Abraxas Pete CORP Nevada | Stock-Other | 0.59% | +0.59% | NEW | |
| 24 | HTGC | Hercules Capital, Inc. | Stock-Financials | 0.40% | -0.45% | — | |
| 25 | WSGE | Warren Street Global Equity ETF | ETF-Other | 0.36% | -1.23% | -25.86% | |
| 26 | ✓ | Allied Nevada Gold CORP | Stock-Other | 0.24% | -2.33% | -65.00% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
DLS Capital Management, LLC's most significant position changes for 2014-12-31: Sold out: Bp Plc-spons Adr (BP); New buy: Bp P.l.c.; Sold out: Abraxas Petroleum CORP (AXASEUR); Sold out: Unisys CORP (UIS); Sold out: Archer Aviation Inc. (ACHR).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | IMOS | ChipMOS TECHNOLOGIES INC. | +4.4% | +3.36% | Add |
| 2 | TSEM | Tower Semiconductor Ltd. | +1.3% | -7.19% | Trim |
| 3 | HPE | Hewlett Packard Enterprise Company | +0.4% | — | Unchanged |
| 4 | NGDN | New Gold Inc | +0.2% | +40.00% | Add |
| 5 | ✓ | Flextronics Intl LTD | +0.2% | — | Unchanged |
| 6 | MU | Micron Technology Inc | +0.1% | — | Unchanged |
| 7 | INTC | Intel CORP | +0.1% | — | Unchanged |
| 8 | ✓ | Rubicon Minerals CORP | +0.1% | +50.00% | Add |
| 9 | ✓ | Dryships Inc | -0.1% | +100.00% | Add |
| 10 | KGC | Kinross Gold CORP | -0.3% | +0.34% | Add |
| 11 | YRI | Yamana Gold Inc | -0.4% | +21.34% | Add |
| 12 | HIMX | Himax Technologies Inc-adr | -0.4% | +8.93% | Add |
| 13 | HTGC | Hercules Capital, Inc. | -0.5% | — | Unchanged |
| 14 | VALE | Vale Sa-sp Adr | -0.7% | — | Unchanged |
| 15 | ANRZQEUR | Alpha Natural Resources Inc | -1% | -9.61% | Trim |
| 16 | WSGE | Warren Street Global Equity ETF | -1.2% | -25.86% | Trim |
| 17 | ✓ | Allied Nevada Gold CORP | -2.3% | -65.00% | Trim |
| 18 | BP | Bp Plc-spons Adr | — | EXIT | Sold out |
| 19 | ✓ | Bp P.l.c. | — | NEW | New buy |
| 20 | AXASEUR | Abraxas Petroleum CORP | — | EXIT | Sold out |
| 21 | UIS | Unisys CORP | — | EXIT | Sold out |
| 22 | ACHR | Archer Aviation Inc. | — | EXIT | Sold out |
| 23 | RIG | Transocean Ltd. | — | NEW | New buy |
| 24 | STLD | Steel Dynamics Inc | — | NEW | New buy |
| 25 | ✓ | — | NEW | New buy | |
| 26 | ✓ | Arch Coal Inc. | — | NEW | New buy |
| 27 | TECK | Teck Resources Ltd-cls B | — | NEW | New buy |
| 28 | WFRD | Weatherford International plc | — | NEW | New buy |
| 29 | BTU | Peabody Energy Corporation | — | NEW | New buy |
| 30 | ✓ | Abraxas Pete CORP Nevada | — | NEW | New buy |
| 31 | AKG1EUR | Asanko Gold Inc | — | EXIT | Sold out |
Filing History
FAQ
What is DLS Capital Management, LLC and what type of investor is it?
DLS Capital Management, LLC 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 (2014-12-31), the firm manages a tracked equity portfolio valued at approximately $12.6M, spread across 28 disclosed positions.
What are DLS Capital Management, LLC's largest equity positions?
Based on the latest 13F filing, DLS Capital Management, LLC's top holdings by market value are:
1. ChipMOS TECHNOLOGIES INC. (IMOS) — $7.2M (56.6%)
2. Bp P.l.c. — $590.0K (4.7%)
3. Himax Technologies Inc-adr (HIMX) — $521.0K (4.1%)
4. Tower Semiconductor Ltd. (TSEM) — $468.0K (3.7%)
5. Micron Technology Inc (MU) — $367.0K (2.9%)
What changes did DLS Capital Management, LLC make in its most recent portfolio filing?
In the latest reported quarter, DLS Capital Management, LLC made 25 notable position adjustments: 9 new positions were initiated, 7 existing holdings were added to, 4 positions were partially reduced, and 5 were completely exited. The largest of these moves: Sold out: Bp Plc-spons Adr (BP); New buy: Bp P.l.c.; Sold out: Abraxas Petroleum CORP (AXASEUR); Sold out: Unisys CORP (UIS); Sold out: Archer Aviation Inc. (ACHR)
What sectors does DLS Capital Management, LLC focus on?
DLS Capital Management, LLC is concentrated in the following sectors based on its current disclosed equity portfolio:
• Information Technology: 100.0%
Investment Profile
DLS Capital Management, LLC's portfolio is concentrated and moderately active, with 100.0% of the portfolio concentrated in Information Technology.
Its concentration score has risen from 41 to 100 over the past 4 quarters — a shift toward higher-conviction positions.
It has added to its IMOS position over the past two quarters (+$1.0M, now $7.2M), while trimming WSGE over the same stretch (-$254.0K, still holding $46.0K).
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Developer Access
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