Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q4 2021 (← Previous) (Next →)

Filing Date: Feb 16, 2022

Total Value ($000): $169,049 (93.1% shares, 6.9% debt)

Holdings (32)

— IHS MARKIT LTD 17.6%

Value ($000) $29,765 Shares 223,930 Est. Cost $116.62 Unrealized —

— MARLIN BUSINESS SVCS CORP 16.6%

Value ($000) $27,997 Shares 1,202,638 Est. Cost $19.81 Unrealized —

— FORUM ENERGY TECHNOLOGIES IN 6.9%

Value ($000) $11,637 Shares 13,057,273 Est. Cost $0.74 Unrealized —

— FTS INTERNATIONAL INC 5.8%

Value ($000) $9,787 Shares 372,839 Est. Cost $25.45 Unrealized —

— PFSWEB INC 4.5%

Value ($000) $7,652 Shares 594,092 Est. Cost $7.38 Unrealized —

DLAPQ DELTA APPAREL INC 4.5%

Value ($000) $7,550 Shares 253,872 Est. Cost $24.49 Unrealized +13.1%

RMR RMR GROUP INC 3.9%

Value ($000) $6,634 Shares 191,279 Est. Cost $23.45 Unrealized +6.1%

AMWD AMERICAN WOODMARK CORP 3.9%

Value ($000) $6,559 Shares 100,604 Est. Cost $72.52 Unrealized -6.7%

LW LAMB WESTON HOLDINGS INC 3.3%

Value ($000) $5,546 Shares 87,500 Est. Cost $53.78 Unrealized 0.0%

MCS MARCUS CORP DEL 3.1%

Value ($000) $5,288 Shares 296,082 Est. Cost $11.00 Unrealized +70.2%

— MERRIMACK PHARMACEUTICALS IN 2.7%

Value ($000) $4,584 Shares 1,172,463 Est. Cost $5.45 Unrealized —

PKE PARK AEROSPACE CORP 2.6%

Value ($000) $4,466 Shares 338,365 Est. Cost $13.31 Unrealized +0.9%

ECVT ECOVYST INC 2.3%

Value ($000) $3,873 Shares 378,200 Est. Cost $10.94 Unrealized 0.0%

GOOGL ALPHABET INC 2.2%

Value ($000) $3,784 Shares 1,306 Est. Cost $57.57 Unrealized +148.3%

— RLJ LODGING TR 2.2%

Value ($000) $3,707 Shares 128,887 Est. Cost $28.76 Unrealized —

CNNE CANNAE HOLDINGS INC 1.9%

Value ($000) $3,224 Shares 91,712 Est. Cost $31.56 Unrealized 0.0%

— PG&E CORP 1.8%

Value ($000) $2,975 Shares 25,721 Est. Cost $100.44 Unrealized —

— ZOGENIX INC 1.5%

Value ($000) $2,611 Shares 160,656 Est. Cost $16.25 Unrealized —

IRTC IRHYTHM TECHNOLOGIES INC 1.5%

Value ($000) $2,542 Shares 21,600 Est. Cost $91.74 Unrealized 0.0%

NODK NI HLDGS INC 1.3%

Value ($000) $2,256 Shares 119,311 Est. Cost $17.29 Unrealized +11.6%

GEN NORTONLIFELOCK INC 1.3%

Value ($000) $2,118 Shares 81,526 Est. Cost $23.20 Unrealized 0.0%

PCG PG&E CORP 1.2%

Value ($000) $2,102 Shares 173,185 Est. Cost $10.29 Unrealized +12.5%

VLGEA VILLAGE SUPER MARKET INC 1.2%

Value ($000) $2,044 Shares 87,400 Est. Cost $22.44 Unrealized -0.3%

TBHC KIRKLANDS INC 0.9%

Value ($000) $1,554 Shares 104,063 Est. Cost $20.62 Unrealized 0.0%

— TUFIN SOFTWARE TECHNOLOGIES 0.9%

Value ($000) $1,507 Shares 142,851 Est. Cost $10.55 Unrealized —

— STRATA SKIN SCIENCES INC 0.9%

Value ($000) $1,463 Shares 998,327 Est. Cost $1.64 Unrealized —

SPOK SPOK HOLDINGS INC 0.7%

Value ($000) $1,254 Shares 134,392 Est. Cost $9.81 Unrealized 0.0%

— OLD POINT FINL CORP 0.7%

Value ($000) $1,118 Shares 47,856 Est. Cost $24.28 Unrealized —

DWSN DAWSON GEOPHYSICAL CO NEW 0.6%

Value ($000) $1,008 Shares 434,557 Est. Cost $1.96 Unrealized 0.0%

DXLG DESTINATION XL GROUP INC 0.5%

Value ($000) $852 Shares 150,000 Est. Cost $5.24 Unrealized +28.9%

ONL ORION OFFICE REIT INC 0.5%

Value ($000) $840 Shares 45,000 Est. Cost $18.67 Unrealized —

OFS OFS CAP CORP 0.4%

Value ($000) $752 Shares 68,970 Est. Cost $7.50 Unrealized +46.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	IHS MARKIT LTD	223,930	$29,765	17.6%	$116.62	—	SHS	G47567105
—	MARLIN BUSINESS SVCS CORP	1,202,638	$27,997	16.6%	$19.81	—	COM	571157106
—	FORUM ENERGY TECHNOLOGIES IN	13,057,273	$11,637	6.9%	$0.74	—	NOTE 9.000% 8/0	34984VAC4
—	FTS INTERNATIONAL INC	372,839	$9,787	5.8%	$25.45	—	COM NEW CL A	30283W302
—	PFSWEB INC	594,092	$7,652	4.5%	$7.38	—	COM NEW	717098206
DLAPQ	DELTA APPAREL INC	253,872	$7,550	4.5%	$24.49	+13.1%	COM	247368103
RMR	RMR GROUP INC	191,279	$6,634	3.9%	$23.45	+6.1%	CL A	74967R106
AMWD	AMERICAN WOODMARK CORP	100,604	$6,559	3.9%	$72.52	-6.7%	COM	030506109
LW	LAMB WESTON HOLDINGS INC	87,500	$5,546	3.3%	$53.78	0.0%	COM	513272104
MCS	MARCUS CORP DEL	296,082	$5,288	3.1%	$11.00	+70.2%	COM	566330106
—	MERRIMACK PHARMACEUTICALS IN	1,172,463	$4,584	2.7%	$5.45	—	COM NEW	590328209
PKE	PARK AEROSPACE CORP	338,365	$4,466	2.6%	$13.31	+0.9%	COM	70014A104
ECVT	ECOVYST INC	378,200	$3,873	2.3%	$10.94	0.0%	COM	27923Q109
GOOGL	ALPHABET INC	1,306	$3,784	2.2%	$57.57	+148.3%	CAP STK CL A	02079K305
—	RLJ LODGING TR	128,887	$3,707	2.2%	$28.76	—	CUM CONV PFD A	74965L200
CNNE	CANNAE HOLDINGS INC	91,712	$3,224	1.9%	$31.56	0.0%	COM	13765N107
—	PG&E CORP	25,721	$2,975	1.8%	$100.44	—	UNIT 99/99/9999	69331C140
—	ZOGENIX INC	160,656	$2,611	1.5%	$16.25	—	COM NEW	98978L204
IRTC	IRHYTHM TECHNOLOGIES INC	21,600	$2,542	1.5%	$91.74	0.0%	COM	450056106
NODK	NI HLDGS INC	119,311	$2,256	1.3%	$17.29	+11.6%	COM	65342T106
GEN	NORTONLIFELOCK INC	81,526	$2,118	1.3%	$23.20	0.0%	COM	668771108
PCG	PG&E CORP	173,185	$2,102	1.2%	$10.29	+12.5%	COM	69331C108
VLGEA	VILLAGE SUPER MARKET INC	87,400	$2,044	1.2%	$22.44	-0.3%	CL A NEW	927107409
TBHC	KIRKLANDS INC	104,063	$1,554	0.9%	$20.62	0.0%	COM	497498105
—	TUFIN SOFTWARE TECHNOLOGIES	142,851	$1,507	0.9%	$10.55	—	SHS	M8893U102
—	STRATA SKIN SCIENCES INC	998,327	$1,463	0.9%	$1.64	—	COM NEW	86272A206
SPOK	SPOK HOLDINGS INC	134,392	$1,254	0.7%	$9.81	0.0%	COM	84863T106
—	OLD POINT FINL CORP	47,856	$1,118	0.7%	$24.28	—	COM	680194107
DWSN	DAWSON GEOPHYSICAL CO NEW	434,557	$1,008	0.6%	$1.96	0.0%	COM	239360100
DXLG	DESTINATION XL GROUP INC	150,000	$852	0.5%	$5.24	+28.9%	COM	25065K104
ONL	ORION OFFICE REIT INC	45,000	$840	0.5%	$18.67	—	COM	68629Y103
OFS	OFS CAP CORP	68,970	$752	0.4%	$7.50	+46.4%	COM	67103B100