Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q1 2017 (← Previous) (Next →)

Filing Date: May 16, 2017

Total Value ($000): $64,544 (84.4% shares, 15.6% debt)

Holdings (40)

OFS OFS CAP CORP 10.6%

Value ($000) $6,858 Shares 483,274 Est. Cost $13.64 Unrealized +6.5%

— INVACARE CORP 9.7%

Value ($000) $6,272 Shares 6,225,000 Est. Cost $1.01 Unrealized —

GLPI GAMING & LEISURE PPTYS INC 7.0%

Value ($000) $4,524 Shares 135,361 Est. Cost $33.42 Unrealized —

— MARLIN BUSINESS SVCS CORP 6.9%

Value ($000) $4,423 Shares 171,756 Est. Cost $20.90 Unrealized —

— LORAL SPACE & COMMUNICATNS I 6.0%

Value ($000) $3,866 Shares 98,121 Est. Cost $41.02 Unrealized —

— HERBALIFE LTD 5.9%

Value ($000) $3,828 Shares 4,000,000 Est. Cost $0.92 Unrealized —

— POWERSHS DB US DOLLAR INDEX 5.8%

Value ($000) $3,765 Shares 145,100 Est. Cost $26.46 Unrealized —

— FOREST CITY RLTY TR INC 4.9%

Value ($000) $3,183 Shares 146,150 Est. Cost $20.84 Unrealized —

IBKR INTERACTIVE BROKERS GROUP IN 4.0%

Value ($000) $2,607 Shares 75,100 Est. Cost $8.56 Unrealized +2.6%

— CAREER EDUCATION CORP 3.7%

Value ($000) $2,395 Shares 275,256 Est. Cost $9.61 Unrealized —

MCS MARCUS CORP 3.6%

Value ($000) $2,315 Shares 72,112 Est. Cost $28.27 Unrealized +9.4%

— JAMBA INC 3.0%

Value ($000) $1,936 Shares 213,972 Est. Cost $9.05 Unrealized —

— FIESTA RESTAURANT GROUP INC 2.9%

Value ($000) $1,858 Shares 76,788 Est. Cost $27.85 Unrealized —

— J ALEXANDERS HLDGS INC 2.7%

Value ($000) $1,751 Shares 174,202 Est. Cost $10.08 Unrealized —

— ALON USA PARTNERS LP UT LTD 2.6%

Value ($000) $1,700 Shares 185,569 Est. Cost $9.60 Unrealized —

— OLD POINT FINL CORP 1.8%

Value ($000) $1,160 Shares 38,461 Est. Cost $25.01 Unrealized —

— WORLD PT TERMS LP 1.8%

Value ($000) $1,142 Shares 70,212 Est. Cost $16.36 Unrealized —

— NORTHEAST BANCORP 1.6%

Value ($000) $1,030 Shares 67,270 Est. Cost $13.10 Unrealized —

HBNC HORIZON BANCORP IND 1.6%

Value ($000) $1,027 Shares 39,169 Est. Cost $15.03 Unrealized +15.8%

— MODEL N INC 1.5%

Value ($000) $980 Shares 93,776 Est. Cost $10.45 Unrealized —

CWST CASELLA WASTE SYS INC CL A 1.5%

Value ($000) $955 Shares 67,666 Est. Cost $11.75 Unrealized +5.6%

WFC WELLS FARGO & CO 1.4%

Value ($000) $923 Shares 16,577 Est. Cost $44.36 Unrealized 0.0%

TPB TURNING PT BRANDS INC 1.2%

Value ($000) $750 Shares 48,090 Est. Cost $13.55 Unrealized 0.0%

— POAGE BANKSHARES INC 1.1%

Value ($000) $730 Shares 37,419 Est. Cost $18.79 Unrealized —

FSBW FS BANCORP INC COM 1.0%

Value ($000) $646 Shares 17,300 Est. Cost $13.14 Unrealized +14.2%

C CITIGROUP INC 0.8%

Value ($000) $538 Shares 9,000 Est. Cost $40.63 Unrealized +10.0%

— PINNACLE ENTMT INC NEW 0.8%

Value ($000) $527 Shares 26,999 Est. Cost $14.50 Unrealized —

— WOLVERINE BANCORP INC 0.7%

Value ($000) $472 Shares 14,500 Est. Cost $31.59 Unrealized —

FNWB FIRST NORTHWEST BANCORP 0.7%

Value ($000) $467 Shares 30,145 Est. Cost $13.70 Unrealized 0.0%

SFBC SOUND FINL BANCORP INC 0.6%

Value ($000) $386 Shares 12,160 Est. Cost $21.94 Unrealized +13.5%

— BG STAFFING INC 0.5%

Value ($000) $296 Shares 20,668 Est. Cost $14.32 Unrealized —

— CF CORP 0.4%

Value ($000) $282 Shares 28,200 Est. Cost $9.93 Unrealized —

— SUPPORT COM INC 0.4%

Value ($000) $239 Shares 108,907 Est. Cost $2.19 Unrealized —

WCFB WCF BANCORP INC 0.2%

Value ($000) $161 Shares 16,005 Est. Cost $10.06 Unrealized —

— XERIUM TECHNOLOGIES INC 0.2%

Value ($000) $149 Shares 23,315 Est. Cost $6.39 Unrealized —

PFBX PEOPLES FINL CORP MISS 0.2%

Value ($000) $147 Shares 9,741 Est. Cost $11.11 Unrealized +22.8%

— WELLS FARGO & CO 0.2%

Value ($000) $102 Shares 4,585 Est. Cost $21.26 Unrealized —

— HOPFED BANCORP INC 0.1%

Value ($000) $96 Shares 6,700 Est. Cost $14.33 Unrealized —

— BANC OF CALIFORNIA INC PUT 0.1%

Value ($000) $51 Shares 1,369 Est. Cost — Unrealized —

— QUALITY CARE PPTYS INC COM 0.0%

Value ($000) $7 Shares 400 Est. Cost $17.50 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
OFS	OFS CAP CORP	483,274	$6,858	10.6%	$13.64	+6.5%	COM	67103B100
—	INVACARE CORP	6,225,000	$6,272	9.7%	$1.01	—	NOTE 5.000% 2/1	461203AF8
GLPI	GAMING & LEISURE PPTYS INC	135,361	$4,524	7.0%	$33.42	—	COM	36467J108
—	MARLIN BUSINESS SVCS CORP	171,756	$4,423	6.9%	$20.90	—	COM	571157106
—	LORAL SPACE & COMMUNICATNS I	98,121	$3,866	6.0%	$41.02	—	COM	543881106
—	HERBALIFE LTD	4,000,000	$3,828	5.9%	$0.92	—	NOTE 2.000% 8/1	42703MAB9
—	POWERSHS DB US DOLLAR INDEX	145,100	$3,765	5.8%	$26.46	—	DOLL INDX BULL	73936D107
—	FOREST CITY RLTY TR INC	146,150	$3,183	4.9%	$20.84	—	COM CL A	345605109
IBKR	INTERACTIVE BROKERS GROUP IN	75,100	$2,607	4.0%	$8.56	+2.6%	COM	45841N107
—	CAREER EDUCATION CORP	275,256	$2,395	3.7%	$9.61	—	COM	141665109
MCS	MARCUS CORP	72,112	$2,315	3.6%	$28.27	+9.4%	COM	566330106
—	JAMBA INC	213,972	$1,936	3.0%	$9.05	—	COM	47023A309
—	FIESTA RESTAURANT GROUP INC	76,788	$1,858	2.9%	$27.85	—	COM	31660B101
—	J ALEXANDERS HLDGS INC	174,202	$1,751	2.7%	$10.08	—	COM	46609J106
—	ALON USA PARTNERS LP UT LTD	185,569	$1,700	2.6%	$9.60	—	UT LTDPART INT	02052T109
—	OLD POINT FINL CORP	38,461	$1,160	1.8%	$25.01	—	COM	680194107
—	WORLD PT TERMS LP	70,212	$1,142	1.8%	$16.36	—	UNIT REP LTD PT	98159G107
—	NORTHEAST BANCORP	67,270	$1,030	1.6%	$13.10	—	COM NEW	663904209
HBNC	HORIZON BANCORP IND	39,169	$1,027	1.6%	$15.03	+15.8%	COM	440407104
—	MODEL N INC	93,776	$980	1.5%	$10.45	—	COM	607525102
CWST	CASELLA WASTE SYS INC CL A	67,666	$955	1.5%	$11.75	+5.6%	CL A	147448104
WFC	WELLS FARGO & CO	16,577	$923	1.4%	$44.36	0.0%	COM	949746101
TPB	TURNING PT BRANDS INC	48,090	$750	1.2%	$13.55	0.0%	COM	90041L105
—	POAGE BANKSHARES INC	37,419	$730	1.1%	$18.79	—	COM	730206109
FSBW	FS BANCORP INC COM	17,300	$646	1.0%	$13.14	+14.2%	COM	30263Y104
C	CITIGROUP INC	9,000	$538	0.8%	$40.63	+10.0%	COM	172967424
—	PINNACLE ENTMT INC NEW	26,999	$527	0.8%	$14.50	—	COM	72348Y105
—	WOLVERINE BANCORP INC	14,500	$472	0.7%	$31.59	—	COM	977880103
FNWB	FIRST NORTHWEST BANCORP	30,145	$467	0.7%	$13.70	0.0%	COM	335834107
SFBC	SOUND FINL BANCORP INC	12,160	$386	0.6%	$21.94	+13.5%	COM	83607A100
—	BG STAFFING INC	20,668	$296	0.5%	$14.32	—	COM	05544A109
—	CF CORP	28,200	$282	0.4%	$9.93	—	SHS CL A ADDED	G20307107
—	SUPPORT COM INC	108,907	$239	0.4%	$2.19	—	COM	86858W200
WCFB	WCF BANCORP INC	16,005	$161	0.2%	$10.06	—	COM	92940L103
—	XERIUM TECHNOLOGIES INC	23,315	$149	0.2%	$6.39	—	COM	98416J118
PFBX	PEOPLES FINL CORP MISS	9,741	$147	0.2%	$11.11	+22.8%	COM	71103B102
—	WELLS FARGO & CO	4,585	$102	0.2%	$21.26	—	W EXP 10/28/201	949746119
—	HOPFED BANCORP INC	6,700	$96	0.1%	$14.33	—	COM	439734104
—	BANC OF CALIFORNIA INC PUT	1,369	$51	0.1%	—	—	Put	05990k956
—	QUALITY CARE PPTYS INC COM	400	$7	0.0%	$17.50	—	COM	747545101