Soapstone Management L.P. — Q1 2025 13F Holdings

Name: Soapstone Management L.P. — 13F Holdings, Q1 2025
Creator: AlphaSMO
License: https://www.sec.gov/forms

CIK: 0001726948

Total reported value

$140.4M

Full holdings list this quarter

#	Ticker	Issuer	Asset Subclass	Weight	Weight Change	Shares Change
1	AMZN	Amazon.com INC	Stock-Consumer Disc	14.86%	-3.53%	+35.59%
2	AWK	American Water Works Co INC	Stock-Utilities	14.41%	-7.21%	EXIT
3	PSA	Public Storage	Stock-Real Estate	12.57%	+0.13%	—
4	CSTM	Constellium SE	Stock-Other	12.43%	-4.74%	+2.42%
5	MTN	Vail Resorts INC	Stock-Consumer Disc	10.16%	-0.52%	+3.17%
6	CFG	Citizens Financial Group	Stock-Financials	9.60%	-0.07%	+200.00%
7	HDB	Hdfc Bank Ltd-adr	Stock-Financials	9.08%	+4.43%	NEW
8	LDOS	Leidos Holdings INC	Stock-Tech	3.95%	—	—
9	AEM	Agnico Eagle Mines LTD	Stock-Materials	3.39%	-1.87%	EXIT
10	OLN	Olin CORP	Stock-Materials	2.84%	-2.30%	EXIT
11	NEM	Newmont CORP	Stock-Materials	2.59%	—	-40.22%
12	CEG	Constellation Energy	Stock-Utilities	1.97%	—	-42.53%
13	BLDR	Builders Firstsource INC	Stock-Industrials	1.46%	-0.26%	—
14	NEOG	Neogen CORP	Stock-Healthcare	0.68%	-0.52%	EXIT

Position changes disclosed by Soapstone Management L.P. for the quarter ending Q1 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	PSA	Public Storage	+11.8%	—	Add
2	AMZN	Amazon.com INC	+10.4%	+35.59%	Add
3	CSTM	Constellium SE	+7.9%	+2.42%	Add
4	CFG	Citizens Financial Group	+0.4%	+200.00%	Trim
5	LDOS	Leidos Holdings INC	-0.1%	—	Trim
6	OLN	Olin CORP	-1.8%	—	Trim
7	BLDR	Builders Firstsource INC	-14.4%	—	Trim
8	EQH	Equitable Holdings INC	—	EXIT	Sold out
9	AWK	American Water Works Co INC	—	NEW	New buy
10	TFC	Truist Financial CORP	—	EXIT	Sold out
11	NOC	Northrop Grumman CORP	—	EXIT	Sold out
12	MTN	Vail Resorts INC	—	NEW	New buy
13	DOORUSD	Masonite International CORP	—	EXIT	Sold out
14	HDB	Hdfc Bank Ltd-adr	—	NEW	New buy
15	SCHW	Schwab (charles) CORP	—	EXIT	Sold out
16	BECNUSD	Beacon Roofing Supply INC	—	EXIT	Sold out
17	GOOGL	Alphabet Inc-cl A	—	EXIT	Sold out
18	JELD	Jeld-wen Holding INC	—	EXIT	Sold out
19	WFG	West Fraser Timber Co LTD	—	EXIT	Sold out
20	WFC	Wells Fargo & Co	—	EXIT	Sold out
21	ADNT	Adient plc	—	EXIT	Sold out
22	AEM	Agnico Eagle Mines LTD	—	NEW	New buy
23	NEM	Newmont CORP	—	NEW	New buy
24	ASIX	Advansix INC	—	EXIT	Sold out
25	USB	US Bancorp	—	EXIT	Sold out
26	CEG	Constellation Energy	—	NEW	New buy
27	NEOG	Neogen CORP	—	NEW	New buy