Alambic Investment Management, L.P.

CIK

1663368

Location

LARKSPUR, CA

Portfolio Value

Micro $8,242,806

Diversification

Diversified

Files via

Prelude Capital Partners, LLC

Filing Date

Global Rank

#5,343 / 5,416 ▼ 174 · as of Sep 2020

Top Industry

Biotechnology 19.0%

Period ended 6 years ago

Filed Nov 13, 2020 · 5y

3 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 Sep 30, 2020, never from the firm's own description.

Style

Unknown

$8,242,806 of valued equity, under the $10,000,000 needed to band a style

Turnover

Turnover unknown

It needs four straight quarters of measured turnover

Horizon

Horizon unknown

The value-weighted holding period is at least 2.7 quarters, but 86.6% of the book was already held when coverage starts

Closest benchmark: the S&P SmallCap 600 as of 2020-09-30, active share 99.1%; sector active share 27.9% against the combined 13F book's sector weights.

Over time 3 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

62 tracked positions · as of Sep 30, 2020 · Δ vs Jun 30, 2020

Top Position

5.5%

+3.0 pts

Top 5

24.1%

+14.3 pts

Top 10

41.2%

+23.6 pts

HHI

266

Diversified+169

Portfolio Trend

3 quarters · across all stocks

Sector Breakdown

As of Sep 30, 2020

Sector	% Portfolio	Value	Positions
Unclassified	34.0%	$2,801,707	20
Healthcare	22.3%	$1,835,080	15
Technology	19.2%	$1,579,315	10
Industrials	6.7%	$550,142	6
Energy	5.8%	$475,937	3
Consumer Defensive	5.2%	$429,248	3
Real Estate	2.7%	$220,612	1
Basic Materials	1.9%	$154,756	1
Communication Services	1.5%	$125,910	2
Consumer Cyclical	0.9%	$70,099	1

Last Quarter's Activity

Export CSV

Sep 30, 2020 vs Jun 30, 2020

Added To

Positions the filer increased

6 positions

Ticker	Company	Δ Shares	Shares	Value
RMNI	Rimini Street, Inc.	+12,170	24,089	$77,566
—		+2,034	19,934	$196,000
—		+1,408	16,608	$269,000
—		+1,000	15,800	$32,000
MITK	Mitek Systems Inc	+500	35,511	$452,410
PSNL	Personalis, Inc.	+78	14,104	$305,633
No positions match the current search.

Trimmed

Positions the filer reduced

25 positions

Ticker	Company	Δ Shares	Shares	Value
—		−82,041	18,513	$110,707
—		−79,847	18,553	$67,000
—		−72,816	12,840	$78,000
OESX	Orion Energy Systems, Inc.	−66,426	21,663	$163,988
—		−51,600	44,000	$401,000
STIM	Neuronetics, Inc.	−39,810	22,026	$107,046
GNSS	Genasys Inc.	−39,135	19,290	$118,633
ASYS	Amtech Systems Inc	−32,935	19,723	$96,445
—		−31,858	60,143	$54,000
ACRS	Aclaris Therapeutics, Inc.	−30,920	59,766	$153,598
GSIT	Gsi Technology Inc	−30,186	15,502	$87,431
—		−28,800	16,769	$45,000
RVP	Retractable Technologies Inc	−24,350	12,850	$85,581
—		−24,340	30,367	$165,000
LEU	Centrus Energy Corp	−18,976	42,506	$355,775
SYBX	Synlogic, Inc.	−15,200	25,901	$52,000
CLNE	Clean Energy Fuels Corp.	−15,100	44,300	$109,864
FET	Forum Energy Technologies, Inc.	−14,700	18,724	$10,298
CORT	Corcept Therapeutics Inc	−14,524	15,323	$266,773
—		−14,350	29,943	$433,000
CVGI	Commercial Vehicle Group, Inc.	−14,100	10,735	$70,099
ASPN	Aspen Aerogels Inc	−13,800	14,133	$154,756
HBIO	Harvard Bioscience Inc	−13,661	25,398	$76,447
KRSA	Korsana Biosciences, Inc.	−10,767	10,298	$63,000
ORN	Orion Group Holdings Inc	−9,677	25,828	$71,027
No positions match the current search.

New Positions

Positions the filer opened this quarter

15 positions

Ticker	Company	Shares	Value
CSGP	Costar Group, Inc.	260	$220,612
PLAB	Photronics Inc	12,100	$120,516
DNOW	DNOW Inc.	25,300	$114,862
—		11,879	$111,000
ERII	Energy Recovery, Inc.	10,500	$86,100
—		20,711	$81,000
ATEN	A10 Networks, Inc.	11,000	$70,070
—		21,655	$57,000
NAGE	Niagen Bioscience, Inc.	10,810	$43,348
—		20,682	$42,000
COTY	Coty Inc.	15,200	$41,040
SVRA	Savara Inc	36,546	$39,835
HOS	Hornbeck Offshore Services, Inc.	12,712	$30,635
VYNE	Yarrow Bioscience, Inc.	15,200	$25,000
ABEO	Abeona Therapeutics Inc.	23,112	$23,574
No positions match the current search.

Sold Out

Positions the filer fully exited

25 positions

Ticker	Company	Shares	Value
—		17,655	$605,000
CTVA	Corteva, Inc.	21,700	$581,343
MTRN	MATERION Corp	9,450	$581,080
SSD	Simpson Manufacturing Co., Inc.	6,440	$543,278
—		25,572	$543,000
MAS	Masco Corp	9,900	$497,079
CAH	Cardinal Health Inc	9,500	$495,805
—		15,314	$493,000
AXON	Axon Enterprise, Inc.	4,979	$488,589
IESC	IES Holdings, Inc.	19,260	$446,254
—		27,479	$436,000
FLGT	Fulgent Genetics, Inc.	27,166	$434,656
GWW	W.W. Grainger, Inc.	1,360	$427,257
CENTA	Central Garden & Pet Co	12,046	$407,000
DPZ	Dominos Pizza Inc	1,090	$402,689
SENEA	Seneca Foods Corp	11,780	$398,281
—		57,607	$385,000
AGCO	Agco Corp	6,409	$355,443
TMUS	T-Mobile US, Inc.	3,238	$337,237
—		5,123	$334,000
BELFB	Bel Fuse Inc	31,079	$333,477
ZBRA	Zebra Technologies Corp	1,301	$332,990
CPB	CAMPBELL'S Co	6,700	$332,521
PRPL	Purple Innovation, Inc.	18,450	$332,100
WCC	Wesco International Inc	9,325	$327,400
No positions match the current search.

Portfolio Positions

Compact Export CSV View 13F filing

62 tracked positions · $8,242,806 total · filing declares 73 positions · $9,118,000 · as of Sep 30, 2020

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

Showing 1–50 of 62 positions by value · page 1 of 2

Ticker	Company	Type	Shares	Δ Shares	Value (USD)	% Δ Value	Held (qtrs)	Est. cost/share	% of Portfolio
MITK	Mitek Systems Inc Technology	Added	35,511	+500	$452,410	+34.5%	3+	before history	5.49%
		Reduced	29,943	-14,350	$433,000	−38.3%	3+	before history	5.25%
		Reduced	44,000	-51,600	$401,000	−56.0%	3+	before history	4.86%
LEU	Centrus Energy Corp Energy	Reduced	42,506	-18,976	$355,775	−42.4%	3+	before history	4.32%
MNST	Monster Beverage Corp Consumer Defensive	Reduced	4,300	-3,300	$344,860	−34.5%	3+	before history	4.18%
ANAB	Anaptysbio, Inc Healthcare	Reduced	20,800	-4,850	$306,798	−46.5%	3+	before history	3.72%
PSNL	Personalis, Inc. Healthcare	Added	14,104	+78	$305,633	+68.0%	3+	before history	3.71%
		Added	16,608	+1,408	$269,000	+19.6%	3+	before history	3.26%
CORT	Corcept Therapeutics Inc Healthcare	Reduced	15,323	-14,524	$266,773	−46.9%	3+	before history	3.24%
CMBMF	Cambium Networks Corp Technology	Reduced	15,319	-9,200	$258,431	+43.2%	3+	before history	3.14%
TTGT	TechTarget, Inc. Technology	Reduced	5,300	-4,600	$232,988	−21.6%	3+	before history	2.83%
		Reduced	29,040	-5,500	$223,000	−30.3%	3+	before history	2.71%
CSGP	Costar Group, Inc. Real Estate	NEW	260	NEW	$220,612	NEW	1	$797.00	2.68%
		Added	19,934	+2,034	$196,000	+10.1%	3+	before history	2.38%
		Reduced	10,978	-6,520	$196,000	−41.1%	3+	before history	2.38%
INFU	InfuSystem Holdings, Inc Healthcare	Reduced	13,584	-1,300	$174,146	+1.4%	3+	before history	2.11%
		Reduced	30,367	-24,340	$165,000	−10.3%	3+	before history	2.00%
OESX	Orion Energy Systems, Inc. Industrials	Reduced	21,663	-66,426	$163,988	−46.2%	3+	before history	1.99%
ASPN	Aspen Aerogels Inc Basic Materials	Reduced	14,133	-13,800	$154,756	−15.8%	3+	before history	1.88%
ACRS	Aclaris Therapeutics, Inc. Healthcare	Reduced	59,766	-30,920	$153,598	+4.6%	3+	before history	1.86%
PLAB	Photronics Inc Technology	NEW	12,100	NEW	$120,516	NEW	1	$10.81	1.46%
GNSS	Genasys Inc. Technology	Reduced	19,290	-39,135	$118,633	−58.2%	3+	before history	1.44%
DNOW	DNOW Inc. Industrials	NEW	25,300	NEW	$114,862	NEW	1	$7.59	1.39%
		Reduced	54,164	-7,200	$114,000	−50.9%	3+	before history	1.38%
		NEW	11,879	NEW	$111,000	NEW	1	unpriced	1.35%
		Reduced	18,513	-82,041	$110,707	−81.1%	3+	before history	1.34%
CLNE	Clean Energy Fuels Corp. Energy	Reduced	44,300	-15,100	$109,864	−16.7%	3+	before history	1.33%
STIM	Neuronetics, Inc. Healthcare	Reduced	22,026	-39,810	$107,046	−10.3%	3+	before history	1.30%
		Held	14,607	0	$102,000	+8.5%	3+	before history	1.24%
		Reduced	21,135	-485	$102,000	−8.9%	3+	before history	1.24%
ASYS	Amtech Systems Inc Technology	Reduced	19,723	-32,935	$96,445	−62.4%	3+	before history	1.17%
GSIT	Gsi Technology Inc Technology	Reduced	15,502	-30,186	$87,431	−73.3%	3+	before history	1.06%
ERII	Energy Recovery, Inc. Industrials	NEW	10,500	NEW	$86,100	NEW	1	$8.02	1.04%
RVP	Retractable Technologies Inc Healthcare	Reduced	12,850	-24,350	$85,581	−67.2%	3+	before history	1.04%
IA	Innovative Solutions & Support Inc Industrials	Reduced	12,212	-9,071	$83,530	−21.5%	3+	before history	1.01%
		NEW	20,711	NEW	$81,000	NEW	1	unpriced	0.98%
MCHX	Marchex Inc Communication Services	Reduced	38,126	-5,914	$80,827	+16.2%	3+	before history	0.98%
		Reduced	12,840	-72,816	$78,000	−89.8%	3+	before history	0.95%
RMNI	Rimini Street, Inc. Technology	Added	24,089	+12,170	$77,566	+26.4%	3+	before history	0.94%
HBIO	Harvard Bioscience Inc Healthcare	Reduced	25,398	-13,661	$76,447	−36.9%	3+	before history	0.93%
ORN	Orion Group Holdings Inc Industrials	Reduced	25,828	-9,677	$71,027	−36.3%	3+	before history	0.86%
CVGI	Commercial Vehicle Group, Inc. Consumer Cyclical	Reduced	10,735	-14,100	$70,099	−2.3%	3+	before history	0.85%
ATEN	A10 Networks, Inc. Technology	NEW	11,000	NEW	$70,070	NEW	1	$7.67	0.85%
		Reduced	18,553	-79,847	$67,000	−87.6%	3+	before history	0.81%
MRAM	Everspin Technologies Inc. Technology	Reduced	11,433	-5,671	$64,825	−46.0%	3+	before history	0.79%
KRSA	Korsana Biosciences, Inc. Healthcare	Reduced	10,298	-10,767	$63,000	−49.2%	3+	before history	0.76%
		NEW	21,655	NEW	$57,000	NEW	1	unpriced	0.69%
		Reduced	60,143	-31,858	$54,000	−41.3%	3+	before history	0.66%
ARAY	Accuray Inc Healthcare	Reduced	22,354	-7,300	$53,649	−10.9%	3+	before history	0.65%
SYBX	Synlogic, Inc. Healthcare	Reduced	25,901	-15,200	$52,000	−37.3%	3+	before history	0.63%

Showing the top 50 of 62 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.