Adirondack Research & Management Inc.

CIK

1569100

Location

Guilderland, NY

Portfolio Value

Micro $57,743,971

Diversification

Diversified

Filing Date

Global Rank

#4,883 / 5,924 ▲ 54

Top Industry

Information Technology Services 8.8%

3Y Alpha vs SPY

-4.6%

Period ended 4 years ago

Filed Oct 29, 2021 · 4y

7 quarters · since Mar 2020

Clone Performance

Jun 2023–Jun 2026 · vs SPY

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

Cloned portfolio

+56.9%

SPY

+76.3%

Annualised alpha

-4.6%

Max drawdown

−18.3%

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

68 positions · as of Sep 30, 2021 · Δ vs Jun 30, 2021

Top Position

5.5%

−1.1 pts

Top 5

18.3%

−2.3 pts

Top 10

31.7%

−2.5 pts

HHI

205

Diversified−26

Portfolio Trend

7 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2021

Sector	% Portfolio	Value	Positions
Technology	23.3%	$13,474,373	13
Financial Services	21.7%	$12,514,328	12
Consumer Defensive	11.2%	$6,453,629	8
Industrials	9.9%	$5,719,436	5
Energy	8.2%	$4,738,193	4
Consumer Cyclical	7.6%	$4,417,032	7
Basic Materials	5.6%	$3,258,534	7
Healthcare	5.5%	$3,158,153	6
Utilities	3.2%	$1,868,014	4
Real Estate	2.6%	$1,523,069	1
Communication Services	1.1%	$619,210	1

Last Quarter's Activity

Export CSV

Sep 30, 2021 vs Jun 30, 2021

Added To

Positions the filer increased

24 positions

Ticker	Company	Δ Shares	Shares	Value
GNW	Genworth Financial Inc	+47,362	361,285	$1,354,818
AR	ANTERO RESOURCES Corp	+19,400	99,690	$1,875,168
EZPW	Ezcorp Inc	+16,278	60,004	$454,230
CGNT	Cognyte Software Ltd.	+16,197	41,334	$849,413
TRST	Trustco Bank Corp N Y	+12,499	49,446	$1,580,788
ASC	Ardmore Shipping Corp	+12,049	366,773	$1,522,107
ARAY	Accuray Inc	+11,376	218,537	$863,221
F	Ford Motor Co	+2,700	61,875	$876,150
GLW	Corning Inc /Ny	+2,107	15,630	$570,338
CLF	Cleveland-Cliffs Inc.	+2,000	19,600	$388,276
TIPT	Tiptree Inc.	+1,800	95,600	$957,912
ADM	Archer-Daniels-Midland Co	+972	18,187	$1,091,401
CSCO	Cisco Systems, Inc.	+792	19,187	$1,044,348
T	At&T Inc.	+233	30,353	$619,210
KO	Coca Cola Co	+142	15,544	$815,593
D	Dominion Energy, Inc	+102	12,864	$939,329
TECK	Teck Resources Ltd	+75	15,370	$382,866
WLKP	Westlake Chemical Partners LP	+10	29,210	$710,971
PM	Philip Morris International Inc.	+2	9,101	$862,683
TSN	Tyson Foods, Inc.	+2	13,504	$1,066,005
VSH	Vishay Intertechnology Inc	+1	20,834	$418,555
RL	Ralph Lauren Corp	+1	7,015	$778,945
WFC	Wells Fargo & Company/Mn	+1	19,884	$922,816
HUN	Huntsman CORP	+1	7,643	$226,156
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
ATEN	A10 Networks, Inc.	−45,548	40,636	$547,773
CTRA	Coterra Energy Inc.	−39,000	47,950	$1,043,392
UAA	Under Armour, Inc.	−32,149	30,000	$605,400
MTRX	Matrix Service Co	−9,791	72,835	$761,854
UIS	Unisys Corp	−7,955	75,858	$1,907,070
OI	O-I Glass, Inc. /DE/	−6,231	81,715	$1,166,073
STC	Stewart Information Services Corp	−5,496	8,700	$550,362
MTG	Mgic Investment Corp	−5,333	98,600	$1,475,056
CALM	Cal-Maine Foods Inc	−2,800	13,700	$495,392
LYTS	Lsi Industries Inc	−1,500	208,653	$1,617,060
NOK	Nokia Corp	−800	51,880	$282,746
PFE	Pfizer Inc	−650	8,115	$349,026
BRX	Brixmor Property Group Inc.	−594	68,886	$1,523,069
CODI	Compass Diversified Holdings	−468	40,864	$1,151,138
HIG	Hartford Insurance Group, Inc.	−370	7,445	$523,011
MET	Metlife Inc	−330	8,133	$502,050
BSX	Boston Scientific Corp	−310	8,780	$380,964
ABT	Abbott Laboratories	−120	2,945	$347,892
EXC	Exelon Corp	−85	8,835	$304,624
MSFT	Microsoft Corp	−72	1,804	$508,583
TAP	Molson Coors Beverage Co	−63	18,582	$861,833
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc	−30	6,190	$342,245
AA	Alcoa Corp	−21	6,275	$307,098
COP	Conocophillips	−18	15,975	$1,082,625
DIN	Dine Brands Global, Inc.	−10	2,600	$211,146
No positions match the current search.

New Positions

Positions the filer opened this quarter

6 positions

Ticker	Company	Shares	Value
HLMN	Hillman Solutions Corp.	126,181	$1,505,339
BAX	Baxter International Inc	12,597	$1,013,176
CNX	CNX Resources Corp	58,400	$737,008
MATV	Mativ Holdings, Inc.	18,248	$632,475
ECVT	Ecovyst Inc.	52,375	$610,692
BABA	Alibaba Group Holding Ltd	3,486	$516,102
No positions match the current search.

Sold Out

Positions the filer fully exited

1 positions

Ticker	Company	Shares	Value	Open
AAPL	Apple Inc.	1,540	$210,918
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

68 positions · $57,743,971 total · as of Sep 30, 2021

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

Showing 1–50 of 68 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
ABBV	AbbVie Inc. Healthcare	Held	1,890	0	$203,874	−4.2%	0.35%
DIN	Dine Brands Global, Inc. Consumer Cyclical	Reduced	2,600	-10	$211,146	−9.4%	0.37%
HUN	Huntsman CORP Basic Materials	Added	7,643	+1	$226,156	+11.6%	0.39%
MYE	Myers Industries Inc Consumer Cyclical	Held	13,450	0	$263,216	−6.8%	0.46%
NOK	Nokia Corp Technology	Reduced	51,880	-800	$282,746	+0.9%	0.49%
ED	Consolidated Edison Inc Utilities	Held	4,140	0	$300,522	+1.2%	0.52%
EXC	Exelon Corp Utilities	Reduced	8,835	-85	$304,624	+8.1%	0.53%
AA	Alcoa Corp Basic Materials	Reduced	6,275	-21	$307,098	+32.4%	0.53%
PCYO	Pure Cycle Corp Utilities	Held	24,308	0	$323,539	−3.7%	0.56%
CCEP	COCA-COLA EUROPACIFIC PARTNERS plc Consumer Defensive	Reduced	6,190	-30	$342,245	−7.2%	0.59%
ABT	Abbott Laboratories Healthcare	Reduced	2,945	-120	$347,892	−2.1%	0.60%
PFE	Pfizer Inc Healthcare	Reduced	8,115	-650	$349,026	+1.7%	0.60%
BSX	Boston Scientific Corp Healthcare	Reduced	8,780	-310	$380,964	−2.0%	0.66%
TECK	Teck Resources Ltd Basic Materials	Added	15,370	+75	$382,866	+8.6%	0.66%
CLF	Cleveland-Cliffs Inc. Basic Materials	Added	19,600	+2,000	$388,276	+2.3%	0.67%
VSH	Vishay Intertechnology Inc Technology	Added	20,834	+1	$418,555	−10.9%	0.72%
EZPW	Ezcorp Inc Financial Services	Added	60,004	+16,278	$454,230	+72.3%	0.79%
CALM	Cal-Maine Foods Inc Consumer Defensive	Reduced	13,700	-2,800	$495,392	−17.1%	0.86%
MET	Metlife Inc Financial Services	Reduced	8,133	-330	$502,050	−0.9%	0.87%
MSFT	Microsoft Corp Technology	Reduced	1,804	-72	$508,583	+0.1%	0.88%
BABA	Alibaba Group Holding Ltd Consumer Cyclical	NEW	3,486	NEW	$516,102	NEW	0.89%
HIG	Hartford Insurance Group, Inc. Financial Services	Reduced	7,445	-370	$523,011	+8.0%	0.91%
ATEN	A10 Networks, Inc. Technology	Reduced	40,636	-45,548	$547,773	−43.6%	0.95%
STC	Stewart Information Services Corp Financial Services	Reduced	8,700	-5,496	$550,362	−31.6%	0.95%
GLW	Corning Inc /Ny Technology	Added	15,630	+2,107	$570,338	+3.1%	0.99%
UAA	Under Armour, Inc. Consumer Cyclical	Reduced	30,000	-32,149	$605,400	−53.9%	1.05%
ECVT	Ecovyst Inc. Basic Materials	NEW	52,375	NEW	$610,692	NEW	1.06%
T	At&T Inc. Communication Services	Added	30,353	+233	$619,210	−5.4%	1.07%
SANM	Sanmina Corp Technology	Held	16,128	0	$621,573	−1.1%	1.08%
ORI	Old Republic International Corp Financial Services	Held	27,000	0	$624,510	−7.1%	1.08%
MATV	Mativ Holdings, Inc. Basic Materials	NEW	18,248	NEW	$632,475	NEW	1.10%
KN	Knowles Corp Technology	Held	36,909	0	$691,674	−5.1%	1.20%
WLKP	Westlake Chemical Partners LP Basic Materials	Added	29,210	+10	$710,971	−9.6%	1.23%
CNX	CNX Resources Corp Energy	NEW	58,400	NEW	$737,008	NEW	1.28%
MTRX	Matrix Service Co Industrials	Reduced	72,835	-9,791	$761,854	−12.2%	1.32%
RL	Ralph Lauren Corp Consumer Cyclical	Added	7,015	+1	$778,945	−5.7%	1.35%
SEB	Seaboard Corp /De/ Industrials	Reduced	190	-9	$778,998	+1.2%	1.35%
KO	Coca Cola Co Consumer Defensive	Added	15,544	+142	$815,593	−2.1%	1.41%
CGNT	Cognyte Software Ltd. Technology	Added	41,334	+16,197	$849,413	+37.9%	1.47%
TAP	Molson Coors Beverage Co Consumer Defensive	Reduced	18,582	-63	$861,833	−13.9%	1.49%
PM	Philip Morris International Inc. Consumer Defensive	Added	9,101	+2	$862,683	−4.3%	1.49%
ARAY	Accuray Inc Healthcare	Added	218,537	+11,376	$863,221	−7.8%	1.49%
F	Ford Motor Co Consumer Cyclical	Added	61,875	+2,700	$876,150	−0.4%	1.52%
IMKTA	Ingles Markets Inc Consumer Defensive	Held	13,910	0	$918,477	+13.3%	1.59%
WFC	Wells Fargo & Company/Mn Financial Services	Added	19,884	+1	$922,816	+2.5%	1.60%
D	Dominion Energy, Inc Utilities	Added	12,864	+102	$939,329	+0.0%	1.63%
TIPT	Tiptree Inc. Financial Services	Added	95,600	+1,800	$957,912	+9.8%	1.66%
BAX	Baxter International Inc Healthcare	NEW	12,597	NEW	$1,013,176	NEW	1.75%
CTRA	Coterra Energy Inc. Energy	Reduced	47,950	-39,000	$1,043,392	−31.3%	1.81%
CSCO	Cisco Systems, Inc. Technology	Added	19,187	+792	$1,044,348	+7.1%	1.81%