Birch Run Capital Advisors, LP
Regulatory profile
From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.
Portfolio style
Measured from the filed 13F common-share book for Sep 30, 2021, never from the firm's own description.
Closest benchmark: the S&P 500 as of 2021-09-30, active share 98.3%; sector active share 44.0% against the combined 13F book's sector weights.
Over time 7 measured quarters
How the bands are measured
Style bands measure the filed 13F common-share book each closed quarter, tested in this order. Unknown: under $10,000,000 of valued equity or 5 stocks. Index-like (100+ stocks): active share of 20% or less against the closest benchmark, which is the S&P 500, S&P MidCap 400, S&P SmallCap 600, Russell 1000, Russell 2000, Nasdaq-100 or Dow Jones Industrial Average (weighted by an index-tracking fund's reported holdings or the index's constituents nearest the quarter end, over the names resolved to companies, and only when those are 90%+ of its weight) or every 13F filer's combined book, or index series holding 80%+ of the registered fund assets it advises (N-CEN) and equal to 50%+ of its book. Systematic-like: 500+ stocks, 100%+ annual turnover and a top 10 weight of 25% or less. Concentrated: a top 10 weight of 60%+ or 12 or fewer effective positions. Diversified active: none of these. Turnover is the smaller of buys and sells over average equity value, summed over four quarters: low under 30%, high 100%+. Horizon is the value-weighted number of quarters each position has been held: short under 4, long 12+.
Clone Performance
Build a hypothetical price-return history from this filer's public 13F holdings.
View clone backtestPortfolio Concentration
21 tracked positions · as of Sep 30, 2021 · Δ vs Jun 30, 2021Portfolio Trend
Sector Breakdown
As of Sep 30, 2021| Sector | % Portfolio | Value |
|---|---|---|
| Consumer Cyclical | 18.4% | $15,974,274 |
| Technology | 16.1% | $14,031,793 |
| Real Estate | 13.7% | $11,915,642 |
| Energy | 12.1% | $10,520,185 |
| Basic Materials | 12.0% | $10,447,320 |
| Unclassified | 10.4% | $9,066,000 |
| Industrials | 6.9% | $6,021,453 |
| Financial Services | 5.9% | $5,086,706 |
| Consumer Defensive | 3.8% | $3,262,421 |
| Communication Services | 0.7% | $575,178 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increasedNew Positions
Positions the filer opened this quarterSold Out
Positions the filer fully exited| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| — | 158,954 | $10,987,000 | ||
| No positions match the current search. | ||||
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| PARR |
Par Pacific Holdings, Inc.
Energy
|
Held | 536,402 | $8,432,239 | 9.70% | |
|
|
Held | 148,302 | $7,704,000 | 8.87% | ||
| NMRK |
Newmark Group, Inc.
Real Estate
|
Reduced | 452,286 | $6,472,212 | 7.45% | |
| EXP |
Eagle Materials Inc
Basic Materials
|
Held | 45,000 | $5,902,200 | 6.79% | |
| RGS |
Regis Corp
Consumer Cyclical
|
Held | 1,658,941 | $5,773,114 | 6.64% | |
| STWD |
Starwood Property Trust, Inc.
Real Estate
|
Held | 223,000 | $5,443,430 | 6.26% | |
| AON |
Aon plc
Financial Services
|
Held | 17,800 | $5,086,706 | 5.85% | |
| FLT |
Corpay, Inc.
Technology
|
Held | 19,465 | $5,086,000 | 5.85% | |
| GRBK |
Green Brick Partners, Inc.
Consumer Cyclical
|
Held | 245,161 | $5,030,703 | 5.79% | |
| SSNC |
SS&C Technologies Holdings Inc
Technology
|
Held | 71,400 | $4,955,160 | 5.70% | |
| ASH |
Ashland Inc.
Basic Materials
|
Held | 51,000 | $4,545,120 | 5.23% | |
| NPO |
Enpro Inc.
Industrials
|
Reduced | 39,839 | $3,470,773 | 3.99% | |
| ADP |
Automatic Data Processing Inc
Technology
|
Held | 16,811 | $3,360,855 | 3.87% | |
| ALCO |
Alico, Inc.
Consumer Defensive
|
Held | 95,281 | $3,262,421 | 3.75% | |
| BKNG |
Booking Holdings Inc.
Consumer Cyclical
|
Held | 1,100 | $2,611,257 | 3.00% | |
| KMX |
Carmax Inc
Consumer Cyclical
|
Held | 20,000 | $2,559,200 | 2.94% | |
| OTIS |
Otis Worldwide Corp
Industrials
|
Held | 31,000 | $2,550,680 | 2.94% | |
| FANG |
Diamondback Energy, Inc.
Energy
|
Held | 22,055 | $2,087,946 | 2.40% | |
|
|
Held | 32,000 | $1,362,000 | 1.57% | ||
| APH |
Amphenol Corp
Technology
|
Held | 8,600 | $629,778 | 0.72% | |
| DIS |
Walt Disney Co
Communication Services
|
Held | 3,400 | $575,178 | 0.66% |
Covers the securities this platform tracks: U.S.-listed common stock and the put/call positions reported on it. A 13F can also report security types outside that coverage — preferred shares, bonds, warrants, untracked share classes — so the filing's own declared total can exceed the figures above. The source filing is linked at the top of this table.