Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q4 2023 (← Previous) (Next →)

Filing Date: Feb 14, 2024

Total Value ($000): $150,198 (100.0% shares, 0.0% debt)

Holdings (31)

IWM ISHARES TR 29.4%

Value ($000) $44,156 Shares 220,000 Est. Cost — Unrealized —

— MERRIMACK PHARMACEUTICALS IN 19.4%

Value ($000) $29,133 Shares 2,172,513 Est. Cost $8.63 Unrealized —

VTOL BRISTOW GROUP INC 8.9%

Value ($000) $13,441 Shares 475,463 Est. Cost $25.75 Unrealized +4.9%

HSTM HEALTHSTREAM INC 4.7%

Value ($000) $7,073 Shares 261,672 Est. Cost $22.23 Unrealized +11.8%

— EQUITY COMWLTH 3.2%

Value ($000) $4,828 Shares 251,482 Est. Cost $18.85 Unrealized —

ECVT ECOVYST INC 3.1%

Value ($000) $4,691 Shares 480,109 Est. Cost $10.13 Unrealized -6.0%

CASH PATHWARD FINANCIAL INC 3.1%

Value ($000) $4,677 Shares 88,364 Est. Cost $42.18 Unrealized +15.7%

ATMU ATMUS FILTRATION TECHNOLOGIE 3.0%

Value ($000) $4,562 Shares 194,209 Est. Cost $21.25 Unrealized 0.0%

ABEO ABEONA THERAPEUTICS INC 2.7%

Value ($000) $4,049 Shares 808,112 Est. Cost $3.90 Unrealized +12.7%

TPB TURNING PT BRANDS INC 2.6%

Value ($000) $3,895 Shares 147,990 Est. Cost $22.49 Unrealized +1.7%

FIS FIDELITY NATL INFORMATION SV 2.0%

Value ($000) $3,004 Shares 50,000 Est. Cost $52.33 Unrealized 0.0%

TGLS TECNOGLASS INC 1.7%

Value ($000) $2,594 Shares 56,758 Est. Cost $35.67 Unrealized 0.0%

— ARCA BIOPHARMA INC 1.6%

Value ($000) $2,397 Shares 1,410,143 Est. Cost $1.97 Unrealized —

GPGI COMPOSECURE INC 1.6%

Value ($000) $2,360 Shares 437,065 Est. Cost $5.32 Unrealized -12.3%

OFIX ORTHOFIX MED INC 1.5%

Value ($000) $2,296 Shares 170,319 Est. Cost $17.99 Unrealized -34.7%

FAF FIRST AMERN FINL CORP 1.4%

Value ($000) $2,174 Shares 33,731 Est. Cost $52.84 Unrealized 0.0%

AIV APARTMENT INVT & MGMT CO 1.4%

Value ($000) $2,142 Shares 273,500 Est. Cost $7.83 Unrealized —

NBN NORTHEAST BK LEWISTON ME 1.1%

Value ($000) $1,617 Shares 29,300 Est. Cost $37.93 Unrealized +32.0%

— RLJ LODGING TR 1.0%

Value ($000) $1,469 Shares 58,628 Est. Cost $24.09 Unrealized —

OFG OFG BANCORP 0.9%

Value ($000) $1,367 Shares 36,461 Est. Cost $32.93 Unrealized 0.0%

PLOW DOUGLAS DYNAMICS INC 0.9%

Value ($000) $1,322 Shares 44,543 Est. Cost $29.37 Unrealized -2.2%

TROX TRONOX HOLDINGS PLC 0.7%

Value ($000) $1,046 Shares 73,854 Est. Cost $12.28 Unrealized 0.0%

BOOM DMC GLOBAL INC 0.7%

Value ($000) $1,035 Shares 55,016 Est. Cost $18.38 Unrealized 0.0%

TLYS TILLYS INC 0.7%

Value ($000) $1,007 Shares 133,543 Est. Cost $8.26 Unrealized -2.6%

ACIC AMERICAN COASTAL INS CORP 0.6%

Value ($000) $945 Shares 99,873 Est. Cost $7.07 Unrealized +3.1%

IRTC IRHYTHM TECHNOLOGIES INC 0.4%

Value ($000) $634 Shares 5,924 Est. Cost $118.90 Unrealized -26.7%

FBP FIRST BANCORP P R 0.4%

Value ($000) $617 Shares 37,500 Est. Cost $13.84 Unrealized 0.0%

NODK NI HLDGS INC 0.3%

Value ($000) $463 Shares 35,635 Est. Cost $17.29 Unrealized -26.1%

— AVROBIO INC 0.3%

Value ($000) $426 Shares 312,912 Est. Cost $1.54 Unrealized —

ANGO ANGIODYNAMICS INC 0.3%

Value ($000) $419 Shares 53,487 Est. Cost $6.94 Unrealized 0.0%

JILL J JILL INC 0.2%

Value ($000) $360 Shares 13,945 Est. Cost $22.82 Unrealized +21.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
IWM	ISHARES TR	220,000	$44,156	29.4%	—	—	Put	464287655
—	MERRIMACK PHARMACEUTICALS IN	2,172,513	$29,133	19.4%	$8.63	—	COM NEW	590328209
VTOL	BRISTOW GROUP INC	475,463	$13,441	8.9%	$25.75	+4.9%	COM	11040G103
HSTM	HEALTHSTREAM INC	261,672	$7,073	4.7%	$22.23	+11.8%	COM	42222N103
—	EQUITY COMWLTH	251,482	$4,828	3.2%	$18.85	—	COM SH BEN INT	294628102
ECVT	ECOVYST INC	480,109	$4,691	3.1%	$10.13	-6.0%	COM	27923Q109
CASH	PATHWARD FINANCIAL INC	88,364	$4,677	3.1%	$42.18	+15.7%	COM	59100U108
ATMU	ATMUS FILTRATION TECHNOLOGIE	194,209	$4,562	3.0%	$21.25	0.0%	COM	04956D107
ABEO	ABEONA THERAPEUTICS INC	808,112	$4,049	2.7%	$3.90	+12.7%	COM NEW	00289Y206
TPB	TURNING PT BRANDS INC	147,990	$3,895	2.6%	$22.49	+1.7%	COM	90041L105
FIS	FIDELITY NATL INFORMATION SV	50,000	$3,004	2.0%	$52.33	0.0%	COM	31620M106
TGLS	TECNOGLASS INC	56,758	$2,594	1.7%	$35.67	0.0%	ORD SHS	G87264100
—	ARCA BIOPHARMA INC	1,410,143	$2,397	1.6%	$1.97	—	COM	00211Y506
GPGI	COMPOSECURE INC	437,065	$2,360	1.6%	$5.32	-12.3%	COM CL A	20459V105
OFIX	ORTHOFIX MED INC	170,319	$2,296	1.5%	$17.99	-34.7%	COM	68752M108
FAF	FIRST AMERN FINL CORP	33,731	$2,174	1.4%	$52.84	0.0%	COM	31847R102
AIV	APARTMENT INVT & MGMT CO	273,500	$2,142	1.4%	$7.83	—	CL A	03748R747
NBN	NORTHEAST BK LEWISTON ME	29,300	$1,617	1.1%	$37.93	+32.0%	COM	66405S100
—	RLJ LODGING TR	58,628	$1,469	1.0%	$24.09	—	CUM CONV PFD A	74965L200
OFG	OFG BANCORP	36,461	$1,367	0.9%	$32.93	0.0%	COM	67103X102
PLOW	DOUGLAS DYNAMICS INC	44,543	$1,322	0.9%	$29.37	-2.2%	COM	25960R105
TROX	TRONOX HOLDINGS PLC	73,854	$1,046	0.7%	$12.28	0.0%	SHS	G9087Q102
BOOM	DMC GLOBAL INC	55,016	$1,035	0.7%	$18.38	0.0%	COM	23291C103
TLYS	TILLYS INC	133,543	$1,007	0.7%	$8.26	-2.6%	CL A	886885102
ACIC	AMERICAN COASTAL INS CORP	99,873	$945	0.6%	$7.07	+3.1%	COM	910710102
IRTC	IRHYTHM TECHNOLOGIES INC	5,924	$634	0.4%	$118.90	-26.7%	COM	450056106
FBP	FIRST BANCORP P R	37,500	$617	0.4%	$13.84	0.0%	COM NEW	318672706
NODK	NI HLDGS INC	35,635	$463	0.3%	$17.29	-26.1%	COM	65342T106
—	AVROBIO INC	312,912	$426	0.3%	$1.54	—	COM	05455M100
ANGO	ANGIODYNAMICS INC	53,487	$419	0.3%	$6.94	0.0%	COM	03475V101
JILL	J JILL INC	13,945	$360	0.2%	$22.82	+21.0%	COM	46620W201