CIK: 0001666737
Total reported value
$35.7M
Reporting period: 2017-09-30 · Number of holdings: 8
Tappan Street Partners LLC disclosed 8 holdings in its latest 13F filing for the period ending 2017-09-30, with total reported value of $35.7M and a quarterly turnover rate of 74.5%.
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Tappan Street Partners LLC's disclosed holdings carry a Herfindahl concentration index of 0.174 — mathematically equivalent to about 6 equally-sized positions, close to its 8 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 0.67), 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 3% 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.
Trim HDSN
-15.2% -$1.0M
Trim HILUSD
+3.3% -$262.0K
Add ADNT
-14.3% $694.0K
Add VOYA
0.0% $495.0K
Add GOOG
0.0% $50.0K
New buy 713661502
| # | Ticker | Issuer | Asset Subclass | Weight | Weight Change | Shares Change | 4Q Trend |
|---|---|---|---|---|---|---|---|
| 1 | ✓ | Peregrine Pharmaceuticals | Stock-Other | 25.25% | +25.25% | NEW | |
| 2 | ADNT | Adient plc | Stock-Other | 21.18% | +1.10% | -14.29% | |
| 3 | VOYA | Voya Financial INC | Stock-Financials | 18.44% | +0.64% | — | |
| 4 | HILUSD | Hill International INC | Stock-Other | 12.38% | -1.31% | +3.33% | |
| 5 | HDSN | Hudson Technologies INC | Stock-Other | 10.21% | -3.38% | -15.18% | |
| 6 | RAH | Societal Cdmo INC | Stock-Other | 5.91% | +5.91% | NEW | |
| 7 | ERII | Energy Recovery INC | Stock-Other | 3.95% | +3.95% | NEW | |
| 8 | GOOG | Alphabet Inc-cl C | Stock-Comm Services | 2.69% | +0.03% | — |
Not enough priced holdings yet to compute performance
| Period | Holdings | Total value | Stability | Top holdings |
|---|---|---|---|---|
| 2017-09-30 | 8 | $35.7M | 75 | |
| 2017-06-30 | 7 | $34.2M | 54 | |
| 2017-03-31 | 10 | $39.9M | 79 | |
| 2016-12-31 | 11 | $61.4M | 66 | |
| 2016-09-30 | 14 | $73.8M | 54 | |
| 2016-06-30 | 22 | $81.8M | 49 | |
| 2016-03-31 | 28 | $82.0M | 71 | |
| 2015-12-31 | 26 | $77.1M | 0 |
Tappan Street Partners LLC's most significant position changes for 2017-09-30: New buy: Peregrine Pharmaceuticals; Sold out: Peregrine Pharmaceuticals In; Sold out: Sparton CORP; New buy: Societal Cdmo INC (RAH); New buy: Energy Recovery INC (ERII).
| # | Ticker | Issuer | Weight Change | Shares Change | Action |
|---|---|---|---|---|---|
| 1 | ADNT | Adient plc | +1.1% | -14.29% | Trim |
| 2 | VOYA | Voya Financial INC | +0.6% | — | Unchanged |
| 3 | GOOG | Alphabet Inc-cl C | 0% | — | Unchanged |
| 4 | HILUSD | Hill International INC | -1.3% | +3.33% | Add |
| 5 | HDSN | Hudson Technologies INC | -3.4% | -15.18% | Trim |
| 6 | ✓ | Peregrine Pharmaceuticals | — | NEW | New buy |
| 7 | ✓ | Peregrine Pharmaceuticals In | — | EXIT | Sold out |
| 8 | ✓ | Sparton CORP | — | EXIT | Sold out |
| 9 | RAH | Societal Cdmo INC | — | NEW | New buy |
| 10 | ERII | Energy Recovery INC | — | NEW | New buy |
| Period | Filed | Type | EDGAR |
|---|---|---|---|
| 2017-09-30 | 2017-11-14 | 13F-HR | View on EDGAR |
| 2017-06-30 | 2017-08-14 | 13F-HR | View on EDGAR |
| 2017-03-31 | 2017-05-15 | 13F-HR | View on EDGAR |
| 2016-12-31 | 2017-02-14 | 13F-HR | View on EDGAR |
| 2016-09-30 | 2016-11-14 | 13F-HR | View on EDGAR |
| 2016-06-30 | 2016-08-15 | 13F-HR | View on EDGAR |
| 2016-03-31 | 2016-05-16 | 13F-HR | View on EDGAR |
| 2015-12-31 | 2016-02-16 | 13F-HR | View on EDGAR |
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