Monarch Partners Asset Management LLC

CIK

1568555

Location

BOSTON, MA

Portfolio Value

Small $290,829,073

Diversification

Diversified

Filing Date

Global Rank

#2,539 / 6,949 ▲ 20 · as of Dec 2022

Top Industry

Banks - Regional 14.7%

3Y Alpha vs SPY

+0.2%

Period ended 3 years ago

Filed Feb 2, 2023 · 3y

12 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

+70.8%

SPY

+76.0%

Annualised alpha

-1.2%

Max drawdown

−27.4%

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

109 positions · as of Dec 31, 2022 · Δ vs Sep 30, 2022

Top Position

4.4%

−1.0 pts

Top 5

12.8%

−0.6 pts

Top 10

20.9%

−1.2 pts

HHI

126

Diversified−10

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Healthcare	17.7%	$51,427,473	22
Financial Services	17.5%	$50,879,473	19
Consumer Cyclical	15.0%	$43,618,620	19
Technology	13.0%	$37,840,745	11
Industrials	11.3%	$33,004,229	13
Basic Materials	8.0%	$23,135,299	6
Real Estate	7.0%	$20,226,083	8
Utilities	3.9%	$11,297,513	4
Consumer Defensive	3.9%	$11,201,586	3
Communication Services	2.3%	$6,604,684	3
Energy	0.5%	$1,593,368	1

Last Quarter's Activity

Export CSV

Dec 31, 2022 vs Sep 30, 2022

Added To

Positions the filer increased

25 positions

Ticker	Company	Δ Shares	Shares	Value
LIND	Lindblad Expeditions Holdings, Inc.	+79,672	270,098	$2,079,754
UCTT	Ultra Clean Holdings, Inc.	+79,641	144,997	$4,806,650
HTBK	HERITAGE COMMERCE CORP	+79,274	406,586	$5,285,618
OI	O-I Glass, Inc. /DE/	+53,466	120,056	$1,989,327
PMVP	PMV Pharmaceuticals, Inc.	+53,079	263,449	$2,292,006
RLAY	Relay Therapeutics, Inc.	+42,579	85,139	$1,271,976
ADTN	ADTRAN Holdings, Inc.	+33,085	236,114	$4,436,582
MOD	Modine Manufacturing Co	+32,469	330,893	$6,571,534
BAND	Bandwidth Inc.	+27,509	108,784	$2,496,592
RCKT	Rocket Pharmaceuticals, Inc.	+27,003	113,788	$2,226,831
SM	SM Energy Co	+25,450	45,747	$1,593,368
AVD	American Vanguard Corp	+22,425	129,117	$2,803,130
SFST	Southern First Bancshares Inc	+20,117	54,713	$2,503,119
STKL	SunOpta Inc.	+19,050	501,170	$4,229,874
CTRE	CareTrust REIT, Inc.	+18,366	262,646	$4,879,962
QCRH	Qcr Holdings Inc	+18,316	49,111	$2,437,870
BDC	Belden Inc.	+10,447	42,229	$3,036,265
KRYS	Krystal Biotech, Inc.	+7,411	53,905	$4,270,354
BKH	Black Hills Corp /Sd/	+5,372	35,721	$2,512,615
LGND	Ligand Pharmaceuticals Inc	+2,743	62,327	$4,163,443
OXM	Oxford Industries Inc	+2,492	48,180	$4,489,412
PSNL	Personalis, Inc.	+2,343	321,406	$636,383
PRTA	Prothena Corp Public Ltd Co	+2,285	35,645	$2,147,611
ORGO	Organogenesis Holdings Inc.	+2,201	303,681	$816,901
PCYO	Pure Cycle Corp	+1,370	187,233	$1,962,201
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
CLDT	Chatham Lodging Trust	−98,541	170,166	$2,087,936
UTI	Universal Technical Institute Inc	−96,278	357,010	$2,399,107
VRRM	VERRA MOBILITY Corp	−83,480	97,515	$1,348,632
TTI	Tetra Technologies Inc	−54,474	612,311	$2,118,596
CHEF	Chefs' Warehouse, Inc.	−50,736	137,398	$4,572,605
KIDS	Orthopediatrics Corp	−44,752	46,172	$1,834,413
TGLS	Tecnoglass Inc.	−43,214	184,777	$5,685,588
NTST	NETSTREIT Corp.	−41,983	252,384	$4,626,198
CROX	Crocs, Inc.	−37,675	7,702	$835,127
UTL	Unitil Corp	−35,376	86,049	$4,419,476
IRT	Independence Realty Trust, Inc.	−32,685	153,185	$2,582,699
IIIV	i3 Verticals, Inc.	−32,319	107,071	$2,606,108
RGNX	REGENXBIO Inc.	−27,456	72,064	$1,634,411
IRWD	Ironwood Pharmaceuticals Inc	−26,971	276,579	$3,426,813
ADC	Agree Realty Corp	−25,997	9,680	$686,602
INVA	Innoviva, Inc.	−24,045	281,595	$3,731,133
HWC	Hancock Whitney Corp	−23,485	38,508	$1,863,402
HURN	Huron Consulting Group Inc.	−23,255	59,678	$4,332,622
CSTL	Castle Biosciences Inc	−18,436	170,195	$4,006,390
TNET	Trinet Group, Inc.	−17,805	26,947	$1,827,006
MCFT	MasterCraft Boat Holdings, Inc.	−17,339	114,084	$2,951,353
ADUS	Addus HomeCare Corp	−15,199	35,890	$3,570,696
GPK	Graphic Packaging Holding Co	−14,070	65,889	$1,466,030
WTFC	Wintrust Financial Corp	−12,377	29,408	$2,485,564
GPRE	Green Plains Inc.	−11,777	136,025	$4,148,762
No positions match the current search.

New Positions

Positions the filer opened this quarter

25 positions

Ticker	Company	Shares	Value
DRS	Leonardo DRS, Inc.	541,588	$6,921,494
HDSN	Hudson Technologies Inc /Ny	431,852	$4,370,342
MTUS	Metallus Inc.	240,111	$4,362,816
CNOB	ConnectOne Bancorp, Inc.	174,058	$4,213,944
BC	Brunswick Corp	41,602	$2,998,672
GRBK	Green Brick Partners, Inc.	109,908	$2,663,070
BBWI	Bath & Body Works, Inc.	59,636	$2,513,061
LPX	Louisiana-Pacific Corp	40,596	$2,403,283
VLY	Valley National Bancorp	212,337	$2,401,531
GXO	GXO Logistics, Inc.	50,115	$2,139,409
FRME	First Merchants Corp	49,569	$2,037,781
CLDX	Celldex Therapeutics, Inc.	45,479	$2,026,999
BOOT	Boot Barn Holdings, Inc.	31,799	$1,988,073
PVH	Pvh Corp. /De/	27,991	$1,975,884
AEO	American Eagle Outfitters Inc	141,145	$1,970,384
FIVN	Five9, Inc.	25,442	$1,726,494
TUSK	Mammoth Energy Services, Inc.	195,964	$1,695,088
DXLG	Destination XL Group, Inc.	221,197	$1,493,079
NVMI	Nova Ltd.	17,803	$1,454,149
VERX	Vertex, Inc.	95,252	$1,382,106
MTH	Meritage Homes CORP	26,832	$1,236,955
OABIW	OmniAb, Inc.	315,193	$1,134,694
BHB	Bar Harbor Bankshares	32,790	$1,050,591
MAA	Mid America Apartment Communities Inc.	3,715	$583,217
CRL	Charles River Laboratories International, Inc.	1,820	$396,578
No positions match the current search.

Sold Out

Positions the filer fully exited

21 positions

Ticker	Company	Shares	Value
SR	Spire Inc	57,544	$3,586,717
EBC	Eastern Bankshares, Inc.	177,972	$3,495,370
DBI	Designer Brands Inc.	217,095	$3,323,724
WBS	Webster Financial Corp	69,859	$3,157,626
FCN	Fti Consulting, Inc	16,351	$2,709,524
DRVN	Driven Brands Holdings Inc.	94,325	$2,639,213
JBSS	Sanfilippo John B & Son Inc	34,095	$2,582,014
JEF	Jefferies Financial Group Inc.	78,075	$2,201,925
MANH	Manhattan Associates Inc	15,598	$2,075,001
FNKO	Funko, Inc.	98,035	$1,982,267
HCI	HCI Group, Inc.	44,756	$1,754,435
CFR	Cullen/Frost Bankers, Inc.	12,793	$1,691,490
CAL	Caleres Inc	68,680	$1,663,429
BPOP	Popular, Inc.	22,097	$1,592,309
RUN	Sunrun Inc.	52,984	$1,461,828
PFGC	Performance Food Group Co	32,011	$1,374,872
RHP	Ryman Hospitality Properties, Inc.	14,536	$1,069,704
XHR	Xenia Hotels & Resorts, Inc.	75,609	$1,042,648
CXT	Crane NXT, Co.	15,300	$465,217
WRB	Berkley W R Corp	5,879	$253,110
DAR	Darling Ingredients Inc.	3,755	$248,393
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

109 positions · $290,829,073 total · as of Dec 31, 2022

All sectors Basic Materials Communication Services Consumer Cyclical Consumer Defensive Energy Financial Services Healthcare Industrials Real Estate Technology Utilities

Showing 1–50 of 109 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
UPLD	Upland Software, Inc. Technology	Added	180,627	+1,314	$12,878,705	−11.7%	4.43%
DRS	Leonardo DRS, Inc. Industrials	NEW	541,588	NEW	$6,921,494	NEW	2.38%
MOD	Modine Manufacturing Co Consumer Cyclical	Added	330,893	+32,469	$6,571,534	+70.2%	2.26%
TGLS	Tecnoglass Inc. Basic Materials	Reduced	184,777	-43,214	$5,685,588	+18.8%	1.95%
HTBK	HERITAGE COMMERCE CORP Financial Services	Added	406,586	+79,274	$5,285,618	+42.4%	1.82%
CTRE	CareTrust REIT, Inc. Real Estate	Added	262,646	+18,366	$4,879,962	+10.3%	1.68%
UCTT	Ultra Clean Holdings, Inc. Technology	Added	144,997	+79,641	$4,806,650	+185.6%	1.65%
NTST	NETSTREIT Corp. Real Estate	Reduced	252,384	-41,983	$4,626,198	−11.8%	1.59%
CHEF	Chefs' Warehouse, Inc. Consumer Defensive	Reduced	137,398	-50,736	$4,572,605	−16.1%	1.57%
OXM	Oxford Industries Inc Consumer Cyclical	Added	48,180	+2,492	$4,489,412	+9.4%	1.54%
ADTN	ADTRAN Holdings, Inc. Technology	Added	236,114	+33,085	$4,436,582	+11.6%	1.53%
UTL	Unitil Corp Utilities	Reduced	86,049	-35,376	$4,419,476	−21.6%	1.52%
HDSN	Hudson Technologies Inc /Ny Basic Materials	NEW	431,852	NEW	$4,370,342	NEW	1.50%
MTUS	Metallus Inc. Basic Materials	NEW	240,111	NEW	$4,362,816	NEW	1.50%
HURN	Huron Consulting Group Inc. Industrials	Reduced	59,678	-23,255	$4,332,622	−21.1%	1.49%
KRYS	Krystal Biotech, Inc. Healthcare	Added	53,905	+7,411	$4,270,354	+31.8%	1.47%
STKL	SunOpta Inc. Consumer Defensive	Added	501,170	+19,050	$4,229,874	−3.6%	1.45%
CNOB	ConnectOne Bancorp, Inc. Financial Services	NEW	174,058	NEW	$4,213,944	NEW	1.45%
LGND	Ligand Pharmaceuticals Inc Healthcare	Added	62,327	+2,743	$4,163,443	+30.1%	1.43%
COLL	Collegium Pharmaceutical, Inc Healthcare	Added	179,129	+363	$4,155,792	+45.1%	1.43%
GPRE	Green Plains Inc. Basic Materials	Reduced	136,025	-11,777	$4,148,762	−3.4%	1.43%
CSTL	Castle Biosciences Inc Healthcare	Reduced	170,195	-18,436	$4,006,390	−18.6%	1.38%
OSBC	Old Second Bancorp Inc Financial Services	Added	232,773	+613	$3,733,678	+23.2%	1.28%
INVA	Innoviva, Inc. Healthcare	Reduced	281,595	-24,045	$3,731,133	+5.1%	1.28%
DCO	Ducommun Inc /De/ Industrials	Added	71,759	+170	$3,585,079	+26.3%	1.23%
ADUS	Addus HomeCare Corp Healthcare	Reduced	35,890	-15,199	$3,570,696	−26.6%	1.23%
UVSP	UNIVEST FINANCIAL Corp Financial Services	Added	134,456	+327	$3,513,335	+11.6%	1.21%
IRWD	Ironwood Pharmaceuticals Inc Healthcare	Reduced	276,579	-26,971	$3,426,813	+9.0%	1.18%
SYBT	Stock Yards Bancorp, Inc. Financial Services	Reduced	52,047	-3,247	$3,382,014	−10.1%	1.16%
SHBI	Shore Bancshares Inc Financial Services	Added	184,857	+409	$3,222,057	+0.9%	1.11%
UFCS	United Fire Group Inc Financial Services	Added	114,239	+324	$3,125,579	−4.5%	1.07%
BDC	Belden Inc. Technology	Added	42,229	+10,447	$3,036,265	+59.2%	1.04%
BC	Brunswick Corp Consumer Cyclical	NEW	41,602	NEW	$2,998,672	NEW	1.03%
OPY	Oppenheimer Holdings Inc Financial Services	Added	70,646	+504	$2,990,445	+37.6%	1.03%
MCFT	MasterCraft Boat Holdings, Inc. Consumer Cyclical	Reduced	114,084	-17,339	$2,951,353	+19.1%	1.01%
SRI	Stoneridge Inc Consumer Cyclical	Added	133,198	+205	$2,871,748	+27.4%	0.99%
AVD	American Vanguard Corp Basic Materials	Added	129,117	+22,425	$2,803,130	+40.5%	0.96%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	NEW	109,908	NEW	$2,663,070	NEW	0.92%
IIIV	i3 Verticals, Inc. Technology	Reduced	107,071	-32,319	$2,606,108	−6.7%	0.90%
IRT	Independence Realty Trust, Inc. Real Estate	Reduced	153,185	-32,685	$2,582,699	−16.9%	0.89%
BBWI	Bath & Body Works, Inc. Consumer Cyclical	NEW	59,636	NEW	$2,513,061	NEW	0.86%
BKH	Black Hills Corp /Sd/ Utilities	Added	35,721	+5,372	$2,512,615	+22.2%	0.86%
EVC	Entravision Communications Corp Communication Services	Added	522,112	+1,126	$2,506,137	+21.2%	0.86%
SFST	Southern First Bancshares Inc Financial Services	Added	54,713	+20,117	$2,503,119	+73.7%	0.86%
BAND	Bandwidth Inc. Technology	Added	108,784	+27,509	$2,496,592	+158.1%	0.86%
WTFC	Wintrust Financial Corp Financial Services	Reduced	29,408	-12,377	$2,485,564	−27.1%	0.85%
BLFS	Biolife Solutions Inc Healthcare	Added	135,787	+384	$2,471,323	−19.8%	0.85%
QCRH	Qcr Holdings Inc Financial Services	Added	49,111	+18,316	$2,437,870	+55.4%	0.84%
ACRE	Ares Commercial Real Estate Corp Real Estate	Added	236,600	+522	$2,434,614	−1.3%	0.84%
AMRC	Ameresco, Inc. Industrials	Reduced	42,561	-5,053	$2,431,935	−23.2%	0.84%