Soapstone Management L.P.
Filing Date
Global Rank
#4,642
/ 8,232
▲ 351
Top Industry
Gold
23.7%
3Y Alpha vs SPY
+1.4%
Period ended 2 months ago
Filed May 15, 2026 · 30d
25 quarters · since Mar 2020
Clone Performance
Jun 2023–Jun 2026 · vs SPYHypothetical growth of cloning every reported 13F position and rebalancing on each filing, indexed to the same start.
Cloned portfolio
+82.7%
SPY
+76.3%
Annualised alpha
+1.4%
Max drawdown
−23.6%
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
12 positions · as of Mar 31, 2026 · Δ vs Dec 31, 2025Top Position
23.7%
+4.0 pts
Top 5
71.9%
+1.6 pts
Top 10
97.5%
+0.9 pts
HHI
1,306
Diversified+27
Portfolio Trend
25 quarters · across all stocks
Sector Breakdown
As of Mar 31, 2026| Sector | % Portfolio | Value |
|---|---|---|
| Basic Materials | 37.7% | $52,986,500 |
| Healthcare | 15.6% | $21,868,649 |
| Real Estate | 14.5% | $20,316,000 |
| Financial Services | 14.0% | $19,713,250 |
| Consumer Cyclical | 10.8% | $15,159,945 |
| Communication Services | 4.9% | $6,850,000 |
| Technology | 1.6% | $2,273,600 |
| Industrials | 0.9% | $1,234,950 |
Last Quarter's Activity
Export CSVAdded To
Positions the filer increased
1 positions
| Ticker | Company | Δ Shares | Shares | Value | Open |
|---|---|---|---|---|---|
| AGI | Alamos Gold Inc | +54,715 | 750,000 | $33,322,500 | |
| No positions match the current search. | |||||
New Positions
Positions the filer opened this quarter
5 positions
Sold Out
Positions the filer fully exited
6 positions
| Ticker | Company | Shares | Value | Open |
|---|---|---|---|---|
| BALL | BALL Corp | 200,000 | $10,594,000 | |
| AWK | American Water Works Company, Inc. | 75,000 | $9,787,500 | |
| OLN | OLIN Corp | 150,000 | $3,124,500 | |
| AEM | Agnico Eagle Mines Ltd | 15,000 | $2,542,950 | |
| KNF | Knife River Corp | 34,071 | $2,396,894 | |
| NEOG | Neogen Corp | 100,000 | $699,000 | |
| No positions match the current search. | ||||
1 positions ·
$2,273,600 total
· Technology only
· as of Mar 31, 2026
All sectors
Basic Materials
Communication Services
Consumer Cyclical
Financial Services
Healthcare
Industrials
Real Estate
Technology
| Ticker | Company | Type | Shares | Value (USD) | % of Portfolio | History |
|---|---|---|---|---|---|---|
| WDAY |
Workday, Inc.
Technology
|
NEW | 17,500 | $2,273,600 | 100.00% |