RUTABAGA CAPITAL MANAGEMENT LLC/MA

CIK

1128239

Location

BOSTON, MA

Portfolio Value

Micro $81,961,449

Diversification

Diversified

Filing Date

Global Rank

#4,482 / 6,692 ▼ 29 · as of Sep 2022

Top Industry

Engineering & Construction 13.4%

3Y Alpha vs SPY

-5.6%

Period ended 3 years ago

Filed Nov 10, 2022 · 3y

11 quarters · since Mar 2020

Clone Performance

Jul 2023–Jul 2026 · vs SPY

Hypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.

Cloned portfolio

+50.5%

SPY

+76.5%

Annualised alpha

-6.3%

Max drawdown

−28.1%

Estimate. 13F holdings are quarter-lagged and long-only, so the clone rebalances about 45 days after each period end — when the filing becomes public — and excludes options and short positions. Past performance does not predict future results.

Portfolio Concentration

35 positions · as of Sep 30, 2022 · Δ vs Jun 30, 2022

Top Position

8.3%

+2.1 pts

Top 5

36.0%

+6.4 pts

Top 10

63.3%

+7.0 pts

HHI

520

Diversified+81

Portfolio Trend

11 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2022

Sector	% Portfolio	Value	Positions
Industrials	43.0%	$35,273,377	16
Consumer Cyclical	25.4%	$20,829,758	6
Basic Materials	12.5%	$10,224,919	2
Financial Services	7.4%	$6,050,524	3
Energy	5.0%	$4,130,119	1
Technology	3.9%	$3,185,200	3
Communication Services	1.4%	$1,136,266	2
Healthcare	1.4%	$1,131,286	2

Last Quarter's Activity

Export CSV

Sep 30, 2022 vs Jun 30, 2022

Added To

Positions the filer increased

14 positions

Ticker	Company	Δ Shares	Shares	Value
AP	Ampco Pittsburgh Corp	+180,618	1,144,269	$4,210,909
MTRX	Matrix Service Co	+116,539	1,020,508	$4,224,903
BBCP	Concrete Pumping Holdings, Inc.	+115,650	912,762	$5,887,314
RRGB	Red Robin Gourmet Burgers Inc	+75,350	691,244	$4,652,072
NTIC	Northern Technologies International Corp	+65,817	387,416	$5,156,506
GEOS	Geospace Technologies Corp	+65,257	936,535	$4,130,119
MPAA	Motorcar Parts Of America Inc	+43,820	447,277	$6,807,555
FSTR	Foster L B Co	+37,538	436,351	$4,258,785
TITN	Titan Machinery Inc.	+26,400	225,399	$6,369,775
BOOM	DMC Global Inc.	+21,650	156,953	$2,508,108
STRT	Strattec Security Corp	+20,750	179,358	$3,730,646
RCMT	Rcm Technologies, Inc.	+16,450	209,956	$3,504,165
LIND	Lindblad Expeditions Holdings, Inc.	+13,437	82,026	$554,495
ALOT	AstroNova, Inc.	+10,935	192,658	$2,254,098
No positions match the current search.

Trimmed

Positions the filer reduced

20 positions

Ticker	Company	Δ Shares	Shares	Value
VRA	Vera Bradley, Inc.	−523,639	735,399	$2,213,550
WNC	WABASH NATIONAL Corp	−93,850	39,550	$615,398
VREX	Varex Imaging Corp	−68,871	28,371	$599,762
UIS	Unisys Corp	−62,161	58,218	$439,545
CARS	Cars.com Inc.	−42,300	49,977	$574,735
CNDT	CONDUENT Inc	−41,650	147,173	$491,557
TGLS	Tecnoglass Inc.	−32,797	241,468	$5,068,413
MCS	Marcus Corp	−20,350	40,427	$561,531
LXFR	Luxfer Holdings PLC	−20,200	40,023	$580,333
CRD-A	Crawford & Co	−19,650	35,244	$202,300
THR	Thermon Group Holdings, Inc.	−17,050	37,002	$570,200
TBBK	Bancorp, Inc.	−11,346	239,128	$5,256,033
HCSG	Healthcare Services Group Inc	−10,300	43,964	$531,524
BV	BrightView Holdings, Inc.	−9,499	65,503	$520,093
GVA	Granite Construction Inc	−8,500	19,082	$484,491
MTW	Manitowoc Co Inc	−6,750	58,813	$455,800
MATW	Matthews International Corp	−4,150	23,803	$533,425
BBSI	Barrett Business Services Inc	−3,850	7,856	$153,192
ACA	Arcosa, Inc.	−3,300	6,934	$396,486
BBT	Beacon Financial Corp	−2,100	21,692	$592,191
No positions match the current search.

New Positions

Positions the filer opened this quarter

No qualifying positions this quarter.

Sold Out

Positions the filer fully exited

No qualifying positions this quarter.

Portfolio Positions

Compact Export CSV View 13F filing

35 positions · $81,961,449 total · as of Sep 30, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Energy Financial Services Healthcare Industrials Technology

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
MPAA	Motorcar Parts Of America Inc Consumer Cyclical	Added	447,277	+43,820	$6,807,555	+28.6%	8.31%
TITN	Titan Machinery Inc. Industrials	Added	225,399	+26,400	$6,369,775	+42.8%	7.77%
BBCP	Concrete Pumping Holdings, Inc. Industrials	Added	912,762	+115,650	$5,887,314	+21.9%	7.18%
TBBK	Bancorp, Inc. Financial Services	Reduced	239,128	-11,346	$5,256,033	+7.5%	6.41%
NTIC	Northern Technologies International Corp Basic Materials	Added	387,416	+65,817	$5,156,506	+71.5%	6.29%
TGLS	Tecnoglass Inc. Basic Materials	Reduced	241,468	-32,797	$5,068,413	+5.3%	6.18%
RRGB	Red Robin Gourmet Burgers Inc Consumer Cyclical	Added	691,244	+75,350	$4,652,072	−5.9%	5.68%
FSTR	Foster L B Co Industrials	Added	436,351	+37,538	$4,258,785	−17.0%	5.20%
MTRX	Matrix Service Co Industrials	Added	1,020,508	+116,539	$4,224,903	−7.6%	5.15%
AP	Ampco Pittsburgh Corp Industrials	Added	1,144,269	+180,618	$4,210,909	+12.9%	5.14%
GEOS	Geospace Technologies Corp Energy	Added	936,535	+65,257	$4,130,119	+0.0%	5.04%
STRT	Strattec Security Corp Consumer Cyclical	Added	179,358	+20,750	$3,730,646	−29.0%	4.55%
RCMT	Rcm Technologies, Inc. Industrials	Added	209,956	+16,450	$3,504,165	−10.5%	4.28%
CRWS	Crown Crafts Inc Consumer Cyclical	Held	496,789	0	$2,871,440	−7.7%	3.50%
BOOM	DMC Global Inc. Industrials	Added	156,953	+21,650	$2,508,108	+2.8%	3.06%
ALOT	AstroNova, Inc. Technology	Added	192,658	+10,935	$2,254,098	+3.5%	2.75%
VRA	Vera Bradley, Inc. Consumer Cyclical	Reduced	735,399	-523,639	$2,213,550	−59.5%	2.70%
WNC	WABASH NATIONAL Corp Industrials	Reduced	39,550	-93,850	$615,398	−66.0%	0.75%
VREX	Varex Imaging Corp Healthcare	Reduced	28,371	-68,871	$599,762	−71.2%	0.73%
BBT	Beacon Financial Corp Financial Services	Reduced	21,692	-2,100	$592,191	+0.5%	0.72%
LXFR	Luxfer Holdings PLC Industrials	Reduced	40,023	-20,200	$580,333	−36.3%	0.71%
CARS	Cars.com Inc. Communication Services	Reduced	49,977	-42,300	$574,735	−34.0%	0.70%
THR	Thermon Group Holdings, Inc. Industrials	Reduced	37,002	-17,050	$570,200	−24.9%	0.70%
MCS	Marcus Corp Communication Services	Reduced	40,427	-20,350	$561,531	−37.4%	0.69%
LIND	Lindblad Expeditions Holdings, Inc. Consumer Cyclical	Added	82,026	+13,437	$554,495	−0.2%	0.68%
MATW	Matthews International Corp Industrials	Reduced	23,803	-4,150	$533,425	−33.4%	0.65%
HCSG	Healthcare Services Group Inc Healthcare	Reduced	43,964	-10,300	$531,524	−43.7%	0.65%
BV	BrightView Holdings, Inc. Industrials	Reduced	65,503	-9,499	$520,093	−42.2%	0.63%
CNDT	CONDUENT Inc Technology	Reduced	147,173	-41,650	$491,557	−39.7%	0.60%
GVA	Granite Construction Inc Industrials	Reduced	19,082	-8,500	$484,491	−39.7%	0.59%
MTW	Manitowoc Co Inc Industrials	Reduced	58,813	-6,750	$455,800	−34.0%	0.56%
UIS	Unisys Corp Technology	Reduced	58,218	-62,161	$439,545	−69.6%	0.54%
ACA	Arcosa, Inc. Industrials	Reduced	6,934	-3,300	$396,486	−16.6%	0.48%
CRD-A	Crawford & Co Financial Services	Reduced	35,244	-19,650	$202,300	−52.8%	0.25%
BBSI	Barrett Business Services Inc Industrials	Reduced	7,856	-3,850	$153,192	−28.2%	0.19%