Soapstone Management L.P. — Q4 2025 13F Holdings

Name: Soapstone Management L.P. — 13F Holdings, Q4 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	AGI	Alamos Gold Inc-class A	Stock-Materials	19.77%	+3.96%	+123.79%
2	CSTM	Constellium SE	Stock-Other	18.75%	-4.74%	-19.12%
3	PSA	Public Storage	Stock-Real Estate	14.34%	+0.13%	—
4	CFG	Citizens Financial Group	Stock-Financials	9.68%	-0.07%	-47.06%
5	MTN	Vail Resorts INC	Stock-Consumer Disc	7.83%	-0.52%	-3.64%
6	BALL	Ball CORP	Stock-Consumer Disc	7.81%	-7.81%	EXIT
7	AWK	American Water Works Co INC	Stock-Utilities	7.21%	-7.21%	EXIT
8	AMZN	Amazon.com INC	Stock-Consumer Disc	7.02%	-3.53%	-38.89%
9	OLN	Olin CORP	Stock-Materials	2.30%	-2.30%	EXIT
10	AEM	Agnico Eagle Mines LTD	Stock-Materials	1.87%	-1.87%	EXIT
11	KNF	Knife River CORP	Stock-Materials	1.77%	-1.77%	EXIT
12	BLDR	Builders Firstsource INC	Stock-Industrials	1.14%	-0.26%	—
13	NEOG	Neogen CORP	Stock-Healthcare	0.52%	-0.52%	EXIT

Position changes disclosed by Soapstone Management L.P. for the quarter ending Q4 2025, including ticker, issuer, weight change, shares change, and action
#	Ticker	Issuer	Weight Change	Shares Change	Action
1	AGI	Alamos Gold Inc-class A	+12.4%	+123.79%	Add
2	CSTM	Constellium SE	+1.9%	-19.12%	Trim
3	NEOG	Neogen CORP	+0.1%	—	Unchanged
4	BLDR	Builders Firstsource INC	-0.1%	—	Unchanged
5	OLN	Olin CORP	-0.2%	—	Unchanged
6	PSA	Public Storage	-0.4%	—	Unchanged
7	MTN	Vail Resorts INC	-0.6%	-3.64%	Trim
8	AEM	Agnico Eagle Mines LTD	-1.6%	-50.00%	Trim
9	AMZN	Amazon.com INC	-3%	-38.89%	Trim
10	CFG	Citizens Financial Group	-5.7%	-47.06%	Trim
11	AWK	American Water Works Co INC	-6.5%	-48.29%	Trim
12	BALL	Ball CORP	—	NEW	New buy
13	BDX	Becton Dickinson And Co	—	EXIT	Sold out
14	COO	Cooper Cos Inc/the	—	EXIT	Sold out
15	KNF	Knife River CORP	—	NEW	New buy