Monarch Partners Asset Management LLC

CIK

1568555

Location

BOSTON, MA

Portfolio Value

Small $323,128,778

Diversification

Diversified

Filing Date

Global Rank

#3,250 / 7,091 ▲ 5 · as of Dec 2022

Top Industry

Banks - Regional 14.9%

Period ended 3 years ago

Filed Feb 2, 2023 · 3y

12 quarters · since Mar 2020

Regulatory profile

From Form ADV, the SEC filer profile, 13D/13G type codes and N-CEN, never from the name.

Holder type

Unknown

Portfolio style

Measured from the filed 13F common-share book for Dec 31, 2022, never from the firm's own description.

Style

Diversified active

Top 10 weight 16.2%, 102.2 effective positions, active share 93.9% against the Russell 2000 as of 2022-12-31; it meets none of the index-like, systematic-like or concentrated tests

Turnover

High turnover

120.0% over the last four quarters (100%+)

Horizon

Horizon unknown

The value-weighted holding period is at least 4.9 quarters, but 9.3% of the book was already held when coverage starts

Closest benchmark: the Russell 2000 as of 2022-12-31, active share 93.9%; sector active share 21.5% against the combined 13F book's sector weights.

Over time 12 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 backtest

Portfolio Concentration

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

Top Position

2.1%

+0.3 pts

Top 5

9.1%

+0.3 pts

Top 10

16.2%

−0.2 pts

HHI

Diversified−0

Portfolio Trend

12 quarters · across all stocks

Sector Breakdown

As of Dec 31, 2022

Sector	% Portfolio	Value	Positions
Healthcare	16.4%	$53,127,801	23
Financial Services	16.0%	$51,813,159	19
Industrials	12.1%	$39,132,569	13
Consumer Cyclical	12.0%	$38,718,128	18
Unclassified	11.2%	$36,145,419	18
Technology	8.1%	$26,249,910	11
Basic Materials	7.7%	$24,899,961	6
Real Estate	6.3%	$20,226,083	8
Utilities	3.5%	$11,297,513	4
Consumer Defensive	3.5%	$11,201,587	3
Communication Services	2.0%	$6,604,684	3
Energy	1.1%	$3,711,964	2

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
—		+79,274	406,586	$5,285,618
OI	O-I Glass, Inc.	+53,466	120,056	$1,989,327
PMVP	PMV Pharmaceuticals, Inc.	+53,079	263,449	$2,292,006
—		+47,391	186,706	$0
RLAY	Relay Therapeutics, Inc.	+42,579	85,139	$1,271,976
—		+41,214	304,219	$3,802,738
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
—		+19,050	501,170	$4,229,875
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	+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
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
HBIO	Harvard Bioscience Inc	−187,422	613,837	$1,700,328
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 Holdings 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
—		−18,368	25,887	$1,609,136
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
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	431,852	$4,370,342
MTUS	Metallus Inc.	240,111	$4,362,816
CNOB	ConnectOne Bancorp, Inc.	174,058	$4,213,944
—		218,580	$3,849,194
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
MTH	Meritage Homes CORP	26,832	$2,473,910
LPX	Louisiana-Pacific Corp	40,596	$2,403,283
VLY	Valley National Bancorp	212,337	$2,401,531
—		153,901	$2,190,011
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.	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
—		40,930	$1,546,745
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
—		121,879	$1,296,793
No positions match the current search.

Sold Out

Positions the filer fully exited

25 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
—		674,845	$3,226,000
—		69,859	$3,157,626
FCN	Fti Consulting, Inc	16,351	$2,709,524
DRVN	Driven Brands Holdings Inc.	94,325	$2,639,213
—		272,824	$2,627,000
JBSS	Sanfilippo John B & Son Inc	34,095	$2,582,014
JEF	Jefferies Financial Group Inc.	78,075	$2,303,214
—		148,915	$2,241,000
MANH	Manhattan Associates Inc	15,598	$2,075,001
—		389,727	$2,066,000
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
CXT	Crane NXT, Co.	15,300	$1,339,362
RHP	Ryman Hospitality Properties, Inc.	14,536	$1,069,704
XHR	Xenia Hotels & Resorts, Inc.	75,609	$1,042,648
—		228,370	$534,000
—		4,355	$400,000
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

128 tracked positions · $323,128,778 total · filing declares 133 positions · $338,598,680 · 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 128 positions by value · page 1 of 3

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
DRS	Leonardo DRS, Inc. Industrials	NEW	541,588	NEW	$6,921,494	NEW	1	$10.77	2.14%
MOD	Modine Manufacturing Co Industrials	Added	330,893	+32,469	$6,571,534	+70.2%	4	$10.47	2.03%
TGLS	Tecnoglass Holdings Inc. Basic Materials	Reduced	184,777	-43,214	$5,685,588	+18.8%	12+	before history	1.76%
		Added	406,586	+79,274	$5,285,618	+42.4%	7	unpriced	1.64%
CTRE	CareTrust REIT, Inc. Real Estate	Added	262,646	+18,366	$4,879,962	+10.3%	2	$20.26	1.51%
UCTT	Ultra Clean Holdings, Inc. Technology	Added	144,997	+79,641	$4,806,650	+185.6%	8	$39.36	1.49%
NTST	NETSTREIT Corp. Real Estate	Reduced	252,384	-41,983	$4,626,198	−11.8%	5	$22.25	1.43%
CHEF	Chefs' Warehouse, Inc. Consumer Defensive	Reduced	137,398	-50,736	$4,572,605	−16.1%	3	$34.99	1.42%
OXM	Oxford Industries Inc Consumer Cyclical	Added	48,180	+2,492	$4,489,412	+9.4%	3	$92.37	1.39%
ADTN	ADTRAN Holdings, Inc. Technology	Added	236,114	+33,085	$4,436,582	+11.6%	2	$21.57	1.37%
UTL	Unitil Corp Utilities	Reduced	86,049	-35,376	$4,419,476	−21.6%	4	$50.22	1.37%
HDSN	Hudson Technologies Inc Basic Materials	NEW	431,852	NEW	$4,370,342	NEW	1	$9.77	1.35%
MTUS	Metallus Inc. Basic Materials	NEW	240,111	NEW	$4,362,816	NEW	1	$17.74	1.35%
HURN	Huron Consulting Group Inc. Industrials	Reduced	59,678	-23,255	$4,332,622	−21.1%	3	$61.98	1.34%
KRYS	Krystal Biotech, Inc. Healthcare	Added	53,905	+7,411	$4,270,354	+31.8%	3	$69.77	1.32%
		Added	501,170	+19,050	$4,229,875	−3.6%	3	unpriced	1.31%
CNOB	ConnectOne Bancorp, Inc. Financial Services	NEW	174,058	NEW	$4,213,944	NEW	1	$24.58	1.30%
LGND	Ligand Pharmaceuticals Inc Healthcare	Added	62,327	+2,743	$4,163,443	−18.9%	3	unpriced	1.29%
COLL	Collegium Pharmaceutical, Inc Healthcare	Added	179,129	+363	$4,155,792	+45.1%	12+	before history	1.29%
GPRE	Green Plains Inc. Basic Materials	Reduced	136,025	-11,777	$4,148,762	−3.4%	8	$24.91	1.28%
CSTL	Castle Biosciences Inc Healthcare	Reduced	170,195	-18,436	$4,006,390	−18.6%	12+	before history	1.24%
		NEW	218,580	NEW	$3,849,194	NEW	1	unpriced	1.19%
		Added	304,219	+41,214	$3,802,738	+32.0%	4	unpriced	1.18%
OSBC	Old Second Bancorp Inc Financial Services	Added	232,773	+613	$3,733,678	+23.2%	4	$14.11	1.16%
INVA	Innoviva, Inc. Healthcare	Reduced	281,595	-24,045	$3,731,133	+5.1%	3	$15.76	1.15%
DCO	Ducommun Inc Industrials	Added	71,759	+170	$3,585,079	+26.3%	9	$49.45	1.11%
ADUS	Addus HomeCare Corp Healthcare	Reduced	35,890	-15,199	$3,570,696	−26.6%	8	$97.32	1.11%
REX	REX AMERICAN RESOURCES Corp Basic Materials	Reduced	110,776	-8,709	$3,529,323	+5.8%	9	unpriced	1.09%
UVSP	UNIVEST FINANCIAL Corp Financial Services	Added	134,456	+327	$3,513,335	+11.6%	9	$23.31	1.09%
IRWD	Ironwood Pharmaceuticals Inc Healthcare	Reduced	276,579	-26,971	$3,426,813	+9.0%	3	$11.74	1.06%
		Added	97,765	+188	$3,386,580	+0.3%	8	unpriced	1.05%
SYBT	Stock Yards Bancorp, Inc. Financial Services	Reduced	52,047	-3,247	$3,382,014	−10.1%	9	$51.69	1.05%
SHBI	Shore Bancshares Inc Financial Services	Added	184,857	+409	$3,222,057	+0.9%	6	$17.88	1.00%
UFCS	United Fire Group Inc Financial Services	Added	114,239	+324	$3,125,579	−4.5%	3	$31.12	0.97%
BDC	Belden Inc. Technology	Added	42,229	+10,447	$3,036,265	+59.2%	5	$65.16	0.94%
BC	Brunswick Corp Consumer Cyclical	NEW	41,602	NEW	$2,998,672	NEW	1	$71.12	0.93%
OPY	Oppenheimer Holdings Inc Financial Services	Added	70,646	+504	$2,990,445	+37.6%	5	$45.75	0.93%
		Added	155,772	+210	$2,987,707	+14.3%	7	unpriced	0.92%
MCFT	MasterCraft Boat Holdings, Inc. Consumer Cyclical	Reduced	114,084	-17,339	$2,951,353	+19.1%	11	$21.62	0.91%
SRI	Stoneridge Inc Consumer Cyclical	Added	133,198	+205	$2,871,748	+27.4%	9	$22.97	0.89%
		Added	76,449	+71	$2,823,262	+15.7%	9	unpriced	0.87%
AVD	American Vanguard Corp Basic Materials	Added	129,117	+22,425	$2,803,130	+40.5%	5	$17.08	0.87%
SF	Stifel Financial Corp Financial Services	Reduced	47,988	-10,185	$2,801,057	−7.2%	6	$62.44	0.87%
GRBK	Green Brick Partners, Inc. Consumer Cyclical	NEW	109,908	NEW	$2,663,070	NEW	1	$23.13	0.82%
IIIV	i3 Verticals, Inc. Technology	Reduced	107,071	-32,319	$2,606,108	−6.7%	4	$24.55	0.81%
IRT	Independence Realty Trust, Inc. Real Estate	Reduced	153,185	-32,685	$2,582,699	−16.9%	2	$20.23	0.80%
BBWI	Bath & Body Works, Inc. Consumer Cyclical	NEW	59,636	NEW	$2,513,061	NEW	1	$37.28	0.78%
BKH	Black Hills Corp Utilities	Added	35,721	+5,372	$2,512,615	+22.2%	2	$73.81	0.78%
EVC	Entravision Communications Corp Communication Services	Added	522,112	+1,126	$2,506,137	+21.2%	5	$6.87	0.78%
SFST	Southern First Bancshares Inc Financial Services	Added	54,713	+20,117	$2,503,119	+73.7%	9	$40.75	0.77%

Showing the top 50 of 128 positions. Create a free account to see every position, past quarters, search, filters and CSV export.

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.