Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q4 2018 (← Previous) (Next →)

Filing Date: Feb 14, 2019

Total Value ($000): $107,333 (100.0% shares, 0.0% debt)

Holdings (40)

UUP INVESCO DB US DLR INDEX TR 10.9%

Value ($000) $11,711 Shares 460,150 Est. Cost $25.01 Unrealized —

— RED HAT INC 7.9%

Value ($000) $8,449 Shares 48,105 Est. Cost $175.64 Unrealized —

CCK CROWN HOLDINGS INC 7.6%

Value ($000) $8,152 Shares 196,097 Est. Cost $43.27 Unrealized +1.5%

— MARLIN BUSINESS SVCS CORP 7.4%

Value ($000) $7,906 Shares 354,049 Est. Cost $23.22 Unrealized —

— RLJ LODGING TR 6.3%

Value ($000) $6,734 Shares 271,737 Est. Cost $25.79 Unrealized —

ILPT INDUSTRIAL LOGISTICS PPTYS T 4.8%

Value ($000) $5,142 Shares 261,398 Est. Cost $20.43 Unrealized —

OFS OFS CAP CORP 4.7%

Value ($000) $5,096 Shares 480,747 Est. Cost $13.32 Unrealized -16.4%

— VEREIT INC 4.4%

Value ($000) $4,679 Shares 654,447 Est. Cost $7.38 Unrealized —

— LORAL SPACE & COMMUNICATNS I 4.3%

Value ($000) $4,570 Shares 122,689 Est. Cost $39.39 Unrealized —

SATS ECHOSTAR CORP 4.2%

Value ($000) $4,558 Shares 124,119 Est. Cost $34.64 Unrealized -4.8%

MSTR MICROSTRATEGY INC 4.1%

Value ($000) $4,417 Shares 34,579 Est. Cost $13.09 Unrealized -3.3%

QNST QUINSTREET INC 3.1%

Value ($000) $3,361 Shares 207,103 Est. Cost $15.04 Unrealized 0.0%

GOOGL ALPHABET INC 3.0%

Value ($000) $3,187 Shares 3,050 Est. Cost $53.64 Unrealized 0.0%

— CAREER EDUCATION CORP 2.8%

Value ($000) $3,012 Shares 263,787 Est. Cost $13.20 Unrealized —

VVX VECTRUS INC 2.2%

Value ($000) $2,371 Shares 109,866 Est. Cost $25.55 Unrealized 0.0%

— NICHOLAS FINANCIAL INC 1.8%

Value ($000) $1,955 Shares 188,002 Est. Cost $9.44 Unrealized —

— NATIONAL CINEMEDIA INC 1.8%

Value ($000) $1,908 Shares 294,441 Est. Cost $7.04 Unrealized —

— NORTHEAST BANCORP 1.6%

Value ($000) $1,756 Shares 104,983 Est. Cost $18.39 Unrealized —

NNI NELNET INC 1.6%

Value ($000) $1,706 Shares 32,596 Est. Cost $53.85 Unrealized 0.0%

NODK NI HLDGS INC 1.6%

Value ($000) $1,675 Shares 106,477 Est. Cost $16.57 Unrealized -3.9%

— HOPFED BANCORP INC 1.5%

Value ($000) $1,587 Shares 119,447 Est. Cost $14.42 Unrealized —

FNWB FIRST NORTHWEST BANCORP 1.1%

Value ($000) $1,182 Shares 79,682 Est. Cost $14.15 Unrealized -4.8%

PENN PENN NATL GAMING INC 1.1%

Value ($000) $1,138 Shares 60,432 Est. Cost $23.77 Unrealized 0.0%

WCFB WCF BANCORP INC 1.0%

Value ($000) $1,069 Shares 129,698 Est. Cost $9.09 Unrealized —

WFC WELLS FARGO CO NEW 0.8%

Value ($000) $885 Shares 19,200 Est. Cost $46.23 Unrealized -9.1%

— ERA GROUP INC 0.8%

Value ($000) $813 Shares 93,000 Est. Cost $8.74 Unrealized —

GPRE GREEN PLAINS INC 0.8%

Value ($000) $810 Shares 61,758 Est. Cost $16.91 Unrealized -3.2%

FLL FULL HOUSE RESORTS INC 0.8%

Value ($000) $808 Shares 400,000 Est. Cost $2.52 Unrealized 0.0%

BOOM DMC GLOBAL INC 0.7%

Value ($000) $780 Shares 22,215 Est. Cost $35.91 Unrealized 0.0%

LKQ LKQ CORP 0.7%

Value ($000) $738 Shares 31,089 Est. Cost $24.40 Unrealized 0.0%

— COMMUNITY WEST BANCSHARES 0.7%

Value ($000) $723 Shares 72,097 Est. Cost $10.87 Unrealized —

LUV SOUTHWEST AIRLS CO 0.7%

Value ($000) $698 Shares 15,016 Est. Cost $48.46 Unrealized 0.0%

AGX ARGAN INC 0.6%

Value ($000) $666 Shares 17,600 Est. Cost $34.78 Unrealized 0.0%

DAL DELTA AIR LINES INC DEL 0.6%

Value ($000) $640 Shares 12,833 Est. Cost $51.09 Unrealized 0.0%

— MERRIMACK PHARMACEUTICALS IN 0.5%

Value ($000) $580 Shares 150,363 Est. Cost $3.86 Unrealized —

— ATLANTIC PWR CORP 0.5%

Value ($000) $568 Shares 261,754 Est. Cost $2.43 Unrealized —

FUNC FIRST UTD CORP 0.4%

Value ($000) $384 Shares 24,125 Est. Cost $12.18 Unrealized +16.2%

SFBC SOUND FINL BANCORP INC 0.3%

Value ($000) $361 Shares 11,090 Est. Cost $22.51 Unrealized +38.6%

— WELLESLEY BANCORP INC 0.3%

Value ($000) $325 Shares 11,731 Est. Cost $33.45 Unrealized —

— EQUITY COMWLTH 0.2%

Value ($000) $233 Shares 9,214 Est. Cost $25.85 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UUP	INVESCO DB US DLR INDEX TR	460,150	$11,711	10.9%	$25.01	—	BULLISH FD	46141D203
—	RED HAT INC	48,105	$8,449	7.9%	$175.64	—	COM	756577102
CCK	CROWN HOLDINGS INC	196,097	$8,152	7.6%	$43.27	+1.5%	COM	228368106
—	MARLIN BUSINESS SVCS CORP	354,049	$7,906	7.4%	$23.22	—	COM	571157106
—	RLJ LODGING TR	271,737	$6,734	6.3%	$25.79	—	CUM CONV PFD A	74965L200
ILPT	INDUSTRIAL LOGISTICS PPTYS T	261,398	$5,142	4.8%	$20.43	—	COM SHS BEN INT	456237106
OFS	OFS CAP CORP	480,747	$5,096	4.7%	$13.32	-16.4%	COM	67103B100
—	VEREIT INC	654,447	$4,679	4.4%	$7.38	—	COM	92339V100
—	LORAL SPACE & COMMUNICATNS I	122,689	$4,570	4.3%	$39.39	—	COM	543881106
SATS	ECHOSTAR CORP	124,119	$4,558	4.2%	$34.64	-4.8%	CL A	278768106
MSTR	MICROSTRATEGY INC	34,579	$4,417	4.1%	$13.09	-3.3%	CL A NEW	594972408
QNST	QUINSTREET INC	207,103	$3,361	3.1%	$15.04	0.0%	COM	74874Q100
GOOGL	ALPHABET INC	3,050	$3,187	3.0%	$53.64	0.0%	CAP STK CL A	02079K305
—	CAREER EDUCATION CORP	263,787	$3,012	2.8%	$13.20	—	COM	141665109
VVX	VECTRUS INC	109,866	$2,371	2.2%	$25.55	0.0%	COM	92242T101
—	NICHOLAS FINANCIAL INC	188,002	$1,955	1.8%	$9.44	—	COM NEW	65373J209
—	NATIONAL CINEMEDIA INC	294,441	$1,908	1.8%	$7.04	—	COM	635309107
—	NORTHEAST BANCORP	104,983	$1,756	1.6%	$18.39	—	COM NEW	663904209
NNI	NELNET INC	32,596	$1,706	1.6%	$53.85	0.0%	CL A	64031N108
NODK	NI HLDGS INC	106,477	$1,675	1.6%	$16.57	-3.9%	COM	65342T106
—	HOPFED BANCORP INC	119,447	$1,587	1.5%	$14.42	—	COM	439734104
FNWB	FIRST NORTHWEST BANCORP	79,682	$1,182	1.1%	$14.15	-4.8%	COM	335834107
PENN	PENN NATL GAMING INC	60,432	$1,138	1.1%	$23.77	0.0%	COM	707569109
WCFB	WCF BANCORP INC	129,698	$1,069	1.0%	$9.09	—	COM	92940L103
WFC	WELLS FARGO CO NEW	19,200	$885	0.8%	$46.23	-9.1%	COM	949746101
—	ERA GROUP INC	93,000	$813	0.8%	$8.74	—	COM	26885G109
GPRE	GREEN PLAINS INC	61,758	$810	0.8%	$16.91	-3.2%	COM	393222104
FLL	FULL HOUSE RESORTS INC	400,000	$808	0.8%	$2.52	0.0%	COM	359678109
BOOM	DMC GLOBAL INC	22,215	$780	0.7%	$35.91	0.0%	COM	23291C103
LKQ	LKQ CORP	31,089	$738	0.7%	$24.40	0.0%	COM	501889208
—	COMMUNITY WEST BANCSHARES	72,097	$723	0.7%	$10.87	—	COM	204157101
LUV	SOUTHWEST AIRLS CO	15,016	$698	0.7%	$48.46	0.0%	COM	844741108
AGX	ARGAN INC	17,600	$666	0.6%	$34.78	0.0%	COM	04010E109
DAL	DELTA AIR LINES INC DEL	12,833	$640	0.6%	$51.09	0.0%	COM NEW	247361702
—	MERRIMACK PHARMACEUTICALS IN	150,363	$580	0.5%	$3.86	—	COM NEW	590328209
—	ATLANTIC PWR CORP	261,754	$568	0.5%	$2.43	—	COM NEW	04878Q863
FUNC	FIRST UTD CORP	24,125	$384	0.4%	$12.18	+16.2%	COM	33741H107
SFBC	SOUND FINL BANCORP INC	11,090	$361	0.3%	$22.51	+38.6%	COM	83607A100
—	WELLESLEY BANCORP INC	11,731	$325	0.3%	$33.45	—	COM	949485106
—	EQUITY COMWLTH	9,214	$233	0.2%	$25.85	—	CUM PFD S D 6.5%	294628201