Cloverdale Capital Management, LLC

CIK

1635925

Location

DALLAS, TX

Portfolio Value

Small $103,011,447

Diversification

Diversified

Filing Date

Global Rank

#3,402 / 5,297 ▼ 193

Top Industry

Food Distribution 10.7%

3Y Alpha vs SPY

-5.3%

Period ended 5 years ago

Filed Aug 14, 2020 · 5y

2 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

+55.8%

SPY

+76.5%

Annualised alpha

-4.9%

Max drawdown

−24.8%

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

23 positions · as of Jun 30, 2020 · Δ vs Mar 31, 2020

Top Position

10.7%

−15.5 pts

Top 5

35.8%

−38.2 pts

Top 10

60.5%

−28.3 pts

HHI

524

Diversified−852

Portfolio Trend

2 quarters · across all stocks

Sector Breakdown

As of Jun 30, 2020

Sector	% Portfolio	Value	Positions
Consumer Cyclical	25.5%	$26,259,043	6
Industrials	22.0%	$22,639,983	6
Technology	18.0%	$18,494,442	4
Financial Services	14.6%	$15,014,707	3
Consumer Defensive	10.7%	$11,062,920	1
Basic Materials	3.8%	$3,939,600	1
Utilities	2.8%	$2,898,000	1
Healthcare	2.6%	$2,702,752	1

Last Quarter's Activity

Export CSV

Jun 30, 2020 vs Mar 31, 2020

Added To

Positions the filer increased

2 positions

Ticker	Company	Δ Shares	Shares	Value
USFD	US Foods Holding Corp.	+401,161	561,000	$11,062,920
CTRN	Citi Trends Inc	+2,401	244,307	$4,939,887
No positions match the current search.

Trimmed

Positions the filer reduced

4 positions

Ticker	Company	Δ Shares	Shares	Value
UPBD	Upbound Group, Inc.	−934,306	204,687	$5,694,392
MITK	Mitek Systems Inc	−793,241	508,191	$4,883,715
ADUS	Addus HomeCare Corp	−330,038	29,200	$2,702,752
RM	Regional Management Corp.	−104,104	401,700	$7,114,107
No positions match the current search.

New Positions

Positions the filer opened this quarter

17 positions

Ticker	Company	Shares	Value
CSL	Carlisle Companies Inc	56,000	$6,701,520
ULTA	Ulta Beauty, Inc.	30,000	$6,102,600
DBX	Dropbox, Inc.	270,000	$5,877,900
DHI	Horton D R Inc /De/	100,000	$5,545,000
EVR	Evercore Inc.	75,000	$4,419,000
HXL	Hexcel Corp /De/	90,000	$4,069,800
CF	CF Industries Holdings, Inc.	140,000	$3,939,600
SEB	Seaboard Corp /De/	1,300	$3,813,966
PRSU	Pursuit Attractions & Hospitality, Inc.	198,384	$3,773,263
CBRL	Cracker Barrel Old Country Store, Inc	34,000	$3,770,940
GD	General Dynamics Corp	25,000	$3,736,500
TRU	TransUnion	40,000	$3,481,600
AES	Aes Corp	200,000	$2,898,000
LUV	Southwest Airlines Co	69,149	$2,363,512
AMWD	American Woodmark Corp	28,121	$2,127,353
HPE	Hewlett Packard Enterprise Co	209,500	$2,038,435
WOR	Worthington Enterprises, Inc.	85,000	$1,954,685
No positions match the current search.

Sold Out

Positions the filer fully exited

10 positions

Ticker	Company	Shares	Value
LNTH	Lantheus Holdings, Inc.	862,556	$11,006,214
XPEL	XPEL, Inc.	323,467	$3,241,139
APEI	American Public Education Inc	122,967	$2,942,600
BBSI	Barrett Business Services Inc	254,951	$2,526,564
AEO	American Eagle Outfitters Inc	277,994	$2,210,052
PRDO	PERDOCEO EDUCATION Corp	192,316	$2,075,089
TTWO	Take Two Interactive Software Inc	17,000	$2,016,370
URBN	Urban Outfitters Inc	138,229	$1,968,380
DIN	Dine Brands Global, Inc.	51,000	$1,462,680
PLCE	Childrens Place, Inc.	34,593	$676,639
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

23 positions · $103,011,447 total · as of Jun 30, 2020

All sectors Basic Materials Consumer Cyclical Consumer Defensive Financial Services Healthcare Industrials Technology Utilities

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	% of Portfolio
USFD	US Foods Holding Corp. Consumer Defensive	Added	561,000	+401,161	$11,062,920	+290.8%	10.74%
RM	Regional Management Corp. Financial Services	Reduced	401,700	-104,104	$7,114,107	+3.0%	6.91%
CSL	Carlisle Companies Inc Industrials	NEW	56,000	NEW	$6,701,520	NEW	6.51%
ULTA	Ulta Beauty, Inc. Consumer Cyclical	NEW	30,000	NEW	$6,102,600	NEW	5.92%
DBX	Dropbox, Inc. Technology	NEW	270,000	NEW	$5,877,900	NEW	5.71%
UPBD	Upbound Group, Inc. Technology	Reduced	204,687	-934,306	$5,694,392	−64.6%	5.53%
DHI	Horton D R Inc /De/ Consumer Cyclical	NEW	100,000	NEW	$5,545,000	NEW	5.38%
CTRN	Citi Trends Inc Consumer Cyclical	Added	244,307	+2,401	$4,939,887	+129.4%	4.80%
MITK	Mitek Systems Inc Technology	Reduced	508,191	-793,241	$4,883,715	−52.4%	4.74%
EVR	Evercore Inc. Financial Services	NEW	75,000	NEW	$4,419,000	NEW	4.29%
HXL	Hexcel Corp /De/ Industrials	NEW	90,000	NEW	$4,069,800	NEW	3.95%
CF	CF Industries Holdings, Inc. Basic Materials	NEW	140,000	NEW	$3,939,600	NEW	3.82%
SEB	Seaboard Corp /De/ Industrials	NEW	1,300	NEW	$3,813,966	NEW	3.70%
PRSU	Pursuit Attractions & Hospitality, Inc. Consumer Cyclical	NEW	198,384	NEW	$3,773,263	NEW	3.66%
CBRL	Cracker Barrel Old Country Store, Inc Consumer Cyclical	NEW	34,000	NEW	$3,770,940	NEW	3.66%
GD	General Dynamics Corp Industrials	NEW	25,000	NEW	$3,736,500	NEW	3.63%
TRU	TransUnion Financial Services	NEW	40,000	NEW	$3,481,600	NEW	3.38%
AES	Aes Corp Utilities	NEW	200,000	NEW	$2,898,000	NEW	2.81%
ADUS	Addus HomeCare Corp Healthcare	Reduced	29,200	-330,038	$2,702,752	−88.9%	2.62%
LUV	Southwest Airlines Co Industrials	NEW	69,149	NEW	$2,363,512	NEW	2.29%
AMWD	American Woodmark Corp Consumer Cyclical	NEW	28,121	NEW	$2,127,353	NEW	2.07%
HPE	Hewlett Packard Enterprise Co Technology	NEW	209,500	NEW	$2,038,435	NEW	1.98%
WOR	Worthington Enterprises, Inc. Industrials	NEW	85,000	NEW	$1,954,685	NEW	1.90%