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Pastel & Associes SA Historical SEC 13F Holdings & Archive (Q3 2018)
Pastel & Associes SACIK: 0001679542
Sector-focusedQuality / disciplined sizingConcentrated strategy
Total reported value
$43.8M
Reporting period: 2018-09-30 · Number of holdings: 5
PASTEL & ASSOCIES SA disclosed 5 holdings in its latest 13F filing for the period ending 2018-09-30, with total reported value of $43.8M and a quarterly turnover rate of 26.4%.
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Personality snowflake
- Concentration
- 88.35
- Portfolio Stability
- 26.43
- Momentum
- 50
- Sector conviction
- 100
- Diversification
- 10
- Sizing Uniformity
- 96.39
Pastel & Associes SA's disclosed holdings carry a Herfindahl concentration index of 0.221 — mathematically equivalent to about 5 equally-sized positions, close to its 5 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 0.36), 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 17% 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 MKL
0.0% $786.0K
Add DOEUR
0.0% -$609.0K
Add DE
0.0% $509.0K
Add L
-8.7% -$361.0K
Add JEF
-6.0% -$664.0K
Sold out BBBYEUR
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 | DOEUR | Diamond Offshore Drilling | Stock-Other | 32.34% | +5.06% | — | |
| 2 | MKL | Markel Group Inc | Stock-Financials | 20.49% | +5.37% | — | |
| 3 | DE | Deere & Co | Stock-Industrials | 16.59% | +4.11% | — | |
| 4 | L | Loews CORP | Stock-Financials | 15.69% | +2.34% | -8.68% | |
| 5 | JEF | Jefferies Financial Group In | Stock-Financials | 14.89% | +1.62% | -6.01% |
Reported value over time
Sector allocation
Sector allocation over time
Quarterly history
Holding changes this quarter
Pastel & Associes SA's most significant position changes for 2018-09-30: Sold out: 20230930-dk-butterfly-1 Inc (BBBYEUR); Sold out: American Express Co (AXP); Trim: Loews CORP (L) — shares -8.68%; Trim: Jefferies Financial Group In (JEF) — shares -6.01%.
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | MKL | Markel Group Inc | +5.4% | — | Unchanged |
| 2 | DOEUR | Diamond Offshore Drilling | +5.1% | — | Unchanged |
| 3 | DE | Deere & Co | +4.1% | — | Unchanged |
| 4 | L | Loews CORP | +2.3% | -8.68% | Trim |
| 5 | JEF | Jefferies Financial Group In | +1.6% | -6.01% | Trim |
| 6 | BBBYEUR | 20230930-dk-butterfly-1 Inc | — | EXIT | Sold out |
| 7 | AXP | American Express Co | — | EXIT | Sold out |
Filing History
FAQ
What is Pastel & Associes SA and what type of investor is it?
Pastel & Associes SA 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 (2018-09-30), the firm manages a tracked equity portfolio valued at approximately $43.8M, spread across 5 disclosed positions.
What are Pastel & Associes SA's largest equity positions?
Based on the latest 13F filing, Pastel & Associes SA's top holdings by market value are:
1. Diamond Offshore Drilling (DOEUR) — $14.2M (32.3%)
2. Markel Group Inc (MKL) — $9.0M (20.5%)
3. Deere & Co (DE) — $7.3M (16.6%)
4. Loews CORP (L) — $6.9M (15.7%)
5. Jefferies Financial Group In (JEF) — $6.5M (14.9%)
What changes did Pastel & Associes SA make in its most recent portfolio filing?
In the latest quarter, Pastel & Associes SA took a more defensive posture — trimming 2 positions and completely exiting 2 holdings. The largest of these moves: Sold out: 20230930-dk-butterfly-1 Inc (BBBYEUR); Sold out: American Express Co (AXP); Trim: Loews CORP (L) — shares -8.68%; Trim: Jefferies Financial Group In (JEF) — shares -6.01%
What sectors does Pastel & Associes SA focus on?
Pastel & Associes SA is concentrated in the following sectors based on its current disclosed equity portfolio:
• Industrials: 100.0%
Investment Profile
Pastel & Associes SA's portfolio is concentrated and moderately active, with 100.0% of the portfolio concentrated in Industrials.
Its concentration score has risen from 53 to 88 over the past 4 quarters — a shift toward higher-conviction positions.
It has trimmed its L position for two straight quarters, cutting it by $887.0K while still holding $6.9M.
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Developer Access
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