Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q2 2023 (← Previous) (Next →)

Filing Date: Aug 14, 2023

Total Value ($000): $116,116 (100.0% shares, 0.0% debt)

Holdings (35)

— MERRIMACK PHARMACEUTICALS IN 17.7%

Value ($000) $20,571 Shares 1,672,463 Est. Cost $7.35 Unrealized —

VTOL BRISTOW GROUP INC 16.9%

Value ($000) $19,609 Shares 682,532 Est. Cost $25.75 Unrealized -7.4%

ECVT ECOVYST INC 8.6%

Value ($000) $9,965 Shares 869,515 Est. Cost $10.13 Unrealized +7.5%

DOLE DOLE PLC 8.0%

Value ($000) $9,337 Shares 690,606 Est. Cost $10.54 Unrealized +15.3%

PLOW DOUGLAS DYNAMICS INC 5.9%

Value ($000) $6,808 Shares 227,849 Est. Cost $29.37 Unrealized 0.0%

— RLJ LODGING TR 5.0%

Value ($000) $5,850 Shares 242,828 Est. Cost $24.09 Unrealized —

HSTM HEALTHSTREAM INC 5.0%

Value ($000) $5,782 Shares 235,409 Est. Cost $22.32 Unrealized +11.2%

IRTC IRHYTHM TECHNOLOGIES INC 3.8%

Value ($000) $4,461 Shares 42,762 Est. Cost $120.06 Unrealized 0.0%

GPGI COMPOSECURE INC 3.3%

Value ($000) $3,880 Shares 565,641 Est. Cost $5.32 Unrealized +12.6%

TPB TURNING PT BRANDS INC 3.0%

Value ($000) $3,532 Shares 147,094 Est. Cost $22.49 Unrealized 0.0%

— VECTOR GROUP LTD 2.9%

Value ($000) $3,400 Shares 265,418 Est. Cost $9.08 Unrealized —

CASH PATHWARD FINANCIAL INC 2.6%

Value ($000) $2,974 Shares 64,150 Est. Cost $39.67 Unrealized +12.1%

GEN GEN DIGITAL INC 2.1%

Value ($000) $2,384 Shares 128,513 Est. Cost $18.88 Unrealized -12.2%

— HORIZON THERAPEUTICS PUB L 1.9%

Value ($000) $2,222 Shares 21,600 Est. Cost $102.85 Unrealized —

— CYTEIR THERAPEUTICS INC 1.2%

Value ($000) $1,363 Shares 524,050 Est. Cost $2.60 Unrealized —

— ARCA BIOPHARMA INC 1.1%

Value ($000) $1,279 Shares 630,191 Est. Cost $2.03 Unrealized —

NBN NORTHEAST BK LEWISTON ME 1.1%

Value ($000) $1,221 Shares 29,300 Est. Cost $37.93 Unrealized 0.0%

BVS BIOVENTUS INC 1.0%

Value ($000) $1,145 Shares 396,316 Est. Cost $1.92 Unrealized 0.0%

UBS UBS GROUP AG 1.0%

Value ($000) $1,115 Shares 55,000 Est. Cost $20.11 Unrealized 0.0%

SPHR SPHERE ENTERTAINMENT CO 0.9%

Value ($000) $1,085 Shares 39,600 Est. Cost $26.52 Unrealized 0.0%

— INSTIL BIO INC 0.9%

Value ($000) $990 Shares 1,796,987 Est. Cost $0.66 Unrealized —

ABEO ABEONA THERAPEUTICS INC 0.8%

Value ($000) $903 Shares 224,151 Est. Cost $2.61 Unrealized +33.8%

— PARDES BIOSCIENCES INC 0.8%

Value ($000) $874 Shares 482,874 Est. Cost $1.81 Unrealized —

— NEOLEUKIN THERAPEUTICS INC 0.6%

Value ($000) $715 Shares 860,882 Est. Cost $0.83 Unrealized —

MX MAGNACHIP SEMICONDUCTOR CORP 0.6%

Value ($000) $648 Shares 57,935 Est. Cost $9.78 Unrealized 0.0%

NODK NI HLDGS INC 0.5%

Value ($000) $568 Shares 38,235 Est. Cost $17.29 Unrealized -21.2%

CLW CLEARWATER PAPER CORP 0.5%

Value ($000) $545 Shares 17,397 Est. Cost $32.27 Unrealized 0.0%

IWM ISHARES TR 0.4%

Value ($000) $480 Shares 375,000 Est. Cost — Unrealized —

SPY SPDR S&P 500 ETF TR 0.4%

Value ($000) $457 Shares 315,000 Est. Cost — Unrealized —

— GRAPHITE BIO INC 0.4%

Value ($000) $455 Shares 175,083 Est. Cost $2.45 Unrealized —

TLYS TILLYS INC 0.4%

Value ($000) $421 Shares 60,000 Est. Cost $8.36 Unrealized -12.3%

— RAIN ONCOLOGY INC 0.4%

Value ($000) $417 Shares 347,089 Est. Cost $1.20 Unrealized —

PMTS CPI CARD GROUP INC 0.3%

Value ($000) $294 Shares 12,654 Est. Cost $32.02 Unrealized 0.0%

DLAPQ DELTA APPAREL INC 0.3%

Value ($000) $293 Shares 28,004 Est. Cost $25.86 Unrealized -59.1%

— LIVEVOX HOLDING INC 0.1%

Value ($000) $75 Shares 27,361 Est. Cost $2.75 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MERRIMACK PHARMACEUTICALS IN	1,672,463	$20,571	17.7%	$7.35	—	COM NEW	590328209
VTOL	BRISTOW GROUP INC	682,532	$19,609	16.9%	$25.75	-7.4%	COM	11040G103
ECVT	ECOVYST INC	869,515	$9,965	8.6%	$10.13	+7.5%	COM	27923Q109
DOLE	DOLE PLC	690,606	$9,337	8.0%	$10.54	+15.3%	ORD SHS	G27907107
PLOW	DOUGLAS DYNAMICS INC	227,849	$6,808	5.9%	$29.37	0.0%	COM	25960R105
—	RLJ LODGING TR	242,828	$5,850	5.0%	$24.09	—	CUM CONV PFD A	74965L200
HSTM	HEALTHSTREAM INC	235,409	$5,782	5.0%	$22.32	+11.2%	COM	42222N103
IRTC	IRHYTHM TECHNOLOGIES INC	42,762	$4,461	3.8%	$120.06	0.0%	COM	450056106
GPGI	COMPOSECURE INC	565,641	$3,880	3.3%	$5.32	+12.6%	COM CL A	20459V105
TPB	TURNING PT BRANDS INC	147,094	$3,532	3.0%	$22.49	0.0%	COM	90041L105
—	VECTOR GROUP LTD	265,418	$3,400	2.9%	$9.08	—	COM	92240M108
CASH	PATHWARD FINANCIAL INC	64,150	$2,974	2.6%	$39.67	+12.1%	COM	59100U108
GEN	GEN DIGITAL INC	128,513	$2,384	2.1%	$18.88	-12.2%	COM	668771108
—	HORIZON THERAPEUTICS PUB L	21,600	$2,222	1.9%	$102.85	—	SHS	G46188101
—	CYTEIR THERAPEUTICS INC	524,050	$1,363	1.2%	$2.60	—	COM	23284P103
—	ARCA BIOPHARMA INC	630,191	$1,279	1.1%	$2.03	—	COM	00211Y506
NBN	NORTHEAST BK LEWISTON ME	29,300	$1,221	1.1%	$37.93	0.0%	COM	66405S100
BVS	BIOVENTUS INC	396,316	$1,145	1.0%	$1.92	0.0%	COM CL A	09075A108
UBS	UBS GROUP AG	55,000	$1,115	1.0%	$20.11	0.0%	SHS	H42097107
SPHR	SPHERE ENTERTAINMENT CO	39,600	$1,085	0.9%	$26.52	0.0%	CL A	55826T102
—	INSTIL BIO INC	1,796,987	$990	0.9%	$0.66	—	COM	45783C101
ABEO	ABEONA THERAPEUTICS INC	224,151	$903	0.8%	$2.61	+33.8%	COM NEW	00289Y206
—	PARDES BIOSCIENCES INC	482,874	$874	0.8%	$1.81	—	COM	69945Q105
—	NEOLEUKIN THERAPEUTICS INC	860,882	$715	0.6%	$0.83	—	COM	64049K104
MX	MAGNACHIP SEMICONDUCTOR CORP	57,935	$648	0.6%	$9.78	0.0%	COM	55933J203
NODK	NI HLDGS INC	38,235	$568	0.5%	$17.29	-21.2%	COM	65342T106
CLW	CLEARWATER PAPER CORP	17,397	$545	0.5%	$32.27	0.0%	COM	18538R103
IWM	ISHARES TR	375,000	$480	0.4%	—	—	Put	464287655
SPY	SPDR S&P 500 ETF TR	315,000	$457	0.4%	—	—	Put	78462F103
—	GRAPHITE BIO INC	175,083	$455	0.4%	$2.45	—	COM	38870X104
TLYS	TILLYS INC	60,000	$421	0.4%	$8.36	-12.3%	CL A	886885102
—	RAIN ONCOLOGY INC	347,089	$417	0.4%	$1.20	—	COM	75082Q105
PMTS	CPI CARD GROUP INC	12,654	$294	0.3%	$32.02	0.0%	COM NEW	12634H200
DLAPQ	DELTA APPAREL INC	28,004	$293	0.3%	$25.86	-59.1%	COM	247368103
—	LIVEVOX HOLDING INC	27,361	$75	0.1%	$2.75	—	COM CL A	53838L100