Fondren Management LP
CIK
1328331
Location
Houston, TX
Portfolio Value
Micro
$5,254,047
Diversification
Highly concentrated
Filing Date
Global Rank
#5,095
/ 5,291
▼ 118
· as of Sep 2020
Top Industry
Oil & Gas E&P
47.0%
3Y Alpha vs SPY
-9.0%
Period ended 5 years ago
Filed Nov 13, 2020 · 5y
3 quarters · since Mar 2020
Clone Performance
Jul 2023–Jul 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+42.8%
SPY
+76.5%
Annualised alpha
-8.2%
Max drawdown
−37.4%
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
5 positions · as of Sep 30, 2020 · Δ vs Jun 30, 2020Top Position
47.0%
+18.0 pts
Top 5
100.0%
+17.2 pts
Top 10
100.0%
+2.0 pts
HHI
3,969
Highly concentrated+2,091
Portfolio Trend
3 quarters · across all stocks
Sector Breakdown
As of Sep 30, 2020| Sector | % Portfolio | Value |
|---|---|---|
| Energy | 47.0% | $2,471,000 |
| Technology | 41.4% | $2,173,650 |
| Financial Services | 4.4% | $232,170 |
| Basic Materials | 3.8% | $201,789 |
| Consumer Defensive | 3.3% | $175,438 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| LSAK | Lesaka Technologies Inc | +330,000 | 645,000 | $2,173,650 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarterNo qualifying positions this quarter.
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| IMMR | Immersion Corp | 545,000 | $3,395,350 | |
| HHS | Harte Hanks Inc | 545,502 | $1,658,326 | |
| TTI | Tetra Technologies Inc | 1,145,000 | $606,850 | |
| BH-A | Biglari Holdings Inc. | 1,510 | $505,850 | |
| HQI | HireQuest, Inc. | 45,416 | $281,125 | |
| ALOT | AstroNova, Inc. | 30,000 | $238,800 | |
| No positions match the current search. | ||||
5 positions ·
$5,254,047 total
· as of Sep 30, 2020
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| EGY |
Vaalco Energy Inc /De/
Energy
|
Held | 2,471,000 | $2,471,000 | 47.03% | |
| LSAK |
Lesaka Technologies Inc
Technology
|
Added | 645,000 | $2,173,650 | 41.37% | |
| CRD-A |
Crawford & Co
Financial Services
|
Reduced | 35,500 | $232,170 | 4.42% | |
| ACNT |
Ascent Industries Co.
Basic Materials
|
Reduced | 36,556 | $201,789 | 3.84% | |
| RMCF |
Rocky Mountain Chocolate Factory, Inc.
Consumer Defensive
|
Reduced | 65,462 | $175,438 | 3.34% |