Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q1 2019 (← Previous) (Next →)

Filing Date: May 15, 2019

Total Value ($000): $112,769 (100.0% shares, 0.0% debt)

Holdings (40)

UUP INVESCO DB US DLR INDEX TR 11.0%

Value ($000) $12,441 Shares 477,950 Est. Cost $25.05 Unrealized —

— RLJ LODGING TR 10.2%

Value ($000) $11,490 Shares 456,684 Est. Cost $25.54 Unrealized —

— MARLIN BUSINESS SVCS CORP 10.0%

Value ($000) $11,325 Shares 526,760 Est. Cost $22.65 Unrealized —

— RED HAT INC 7.4%

Value ($000) $8,315 Shares 45,511 Est. Cost $175.64 Unrealized —

ILPT INDUSTRIAL LOGISTICS PPTYS T 5.7%

Value ($000) $6,478 Shares 321,155 Est. Cost $20.38 Unrealized —

MSTR MICROSTRATEGY INC 4.5%

Value ($000) $5,075 Shares 35,180 Est. Cost $13.10 Unrealized +5.6%

SATS ECHOSTAR CORP 4.2%

Value ($000) $4,757 Shares 130,519 Est. Cost $34.49 Unrealized -8.6%

— LORAL SPACE & COMMUNICATNS I 3.4%

Value ($000) $3,785 Shares 104,991 Est. Cost $39.39 Unrealized —

GOOGL ALPHABET INC 3.3%

Value ($000) $3,745 Shares 3,182 Est. Cost $53.74 Unrealized +4.3%

GPRE GREEN PLAINS INC 3.3%

Value ($000) $3,719 Shares 222,942 Est. Cost $15.53 Unrealized -3.4%

— MERRIMACK PHARMACEUTICALS IN 2.6%

Value ($000) $2,956 Shares 425,359 Est. Cost $5.86 Unrealized —

— CAREER EDUCATION CORP 2.4%

Value ($000) $2,738 Shares 165,714 Est. Cost $13.20 Unrealized —

DAL DELTA AIR LINES INC DEL 2.4%

Value ($000) $2,705 Shares 52,378 Est. Cost $47.83 Unrealized -2.2%

OFS OFS CAP CORP 2.4%

Value ($000) $2,676 Shares 227,728 Est. Cost $13.32 Unrealized -12.9%

ALLY ALLY FINL INC 2.2%

Value ($000) $2,527 Shares 91,940 Est. Cost $21.00 Unrealized 0.0%

— HOPFED BANCORP INC 2.1%

Value ($000) $2,353 Shares 119,447 Est. Cost $14.42 Unrealized —

— NATIONAL CINEMEDIA INC 1.8%

Value ($000) $2,076 Shares 294,441 Est. Cost $7.04 Unrealized —

NNI NELNET INC 1.7%

Value ($000) $1,861 Shares 33,796 Est. Cost $53.85 Unrealized -0.2%

NODK NI HLDGS INC 1.6%

Value ($000) $1,769 Shares 110,577 Est. Cost $16.53 Unrealized -6.5%

— NICHOLAS FINANCIAL INC 1.5%

Value ($000) $1,728 Shares 192,052 Est. Cost $9.44 Unrealized —

AAL AMERICAN AIRLS GROUP INC 1.5%

Value ($000) $1,642 Shares 51,700 Est. Cost $33.11 Unrealized 0.0%

WFC WELLS FARGO CO NEW 1.3%

Value ($000) $1,499 Shares 31,020 Est. Cost $44.15 Unrealized -7.7%

— NORTHEAST BANCORP 1.3%

Value ($000) $1,411 Shares 68,224 Est. Cost $18.39 Unrealized —

VYX NCR CORP NEW 1.2%

Value ($000) $1,352 Shares 49,550 Est. Cost $16.56 Unrealized 0.0%

LUV SOUTHWEST AIRLS CO 1.2%

Value ($000) $1,298 Shares 25,000 Est. Cost $48.39 Unrealized -0.2%

FNWB FIRST NORTHWEST BANCORP 1.1%

Value ($000) $1,258 Shares 80,782 Est. Cost $14.15 Unrealized -1.4%

DLAPQ DELTA APPAREL INC 1.1%

Value ($000) $1,213 Shares 54,600 Est. Cost $22.46 Unrealized 0.0%

WCFB WCF BANCORP INC 1.0%

Value ($000) $1,104 Shares 133,798 Est. Cost $9.07 Unrealized —

— WESTROCK CO 0.9%

Value ($000) $1,016 Shares 26,500 Est. Cost $38.34 Unrealized —

VVX VECTRUS INC 0.8%

Value ($000) $924 Shares 8,400 Est. Cost $25.55 Unrealized +1.1%

VVX VECTRUS INC 0.8%

Value ($000) $897 Shares 33,739 Est. Cost $25.55 Unrealized +1.1%

PENN PENN NATL GAMING INC 0.8%

Value ($000) $884 Shares 44,000 Est. Cost $23.77 Unrealized -1.6%

C CITIGROUP INC 0.8%

Value ($000) $869 Shares 13,963 Est. Cost $48.78 Unrealized 0.0%

— COMMUNITY WEST BANCSHARES 0.7%

Value ($000) $762 Shares 74,892 Est. Cost $10.84 Unrealized —

VVX VECTRUS INC 0.5%

Value ($000) $525 Shares 8,400 Est. Cost $25.55 Unrealized +1.1%

FUNC FIRST UTD CORP 0.4%

Value ($000) $416 Shares 24,125 Est. Cost $12.18 Unrealized +11.1%

SFBC SOUND FINL BANCORP INC 0.3%

Value ($000) $377 Shares 11,090 Est. Cost $22.51 Unrealized +31.9%

— WELLESLEY BANCORP INC 0.3%

Value ($000) $364 Shares 11,931 Est. Cost $33.40 Unrealized —

FLL FULL HOUSE RESORTS INC 0.2%

Value ($000) $233 Shares 115,238 Est. Cost $2.52 Unrealized -11.8%

— INTERNAP CORP 0.2%

Value ($000) $206 Shares 41,600 Est. Cost $4.95 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
UUP	INVESCO DB US DLR INDEX TR	477,950	$12,441	11.0%	$25.05	—	BULLISH FD	46141D203
—	RLJ LODGING TR	456,684	$11,490	10.2%	$25.54	—	CUM CONV PFD A	74965L200
—	MARLIN BUSINESS SVCS CORP	526,760	$11,325	10.0%	$22.65	—	COM	571157106
—	RED HAT INC	45,511	$8,315	7.4%	$175.64	—	COM	756577102
ILPT	INDUSTRIAL LOGISTICS PPTYS T	321,155	$6,478	5.7%	$20.38	—	COM SHS BEN INT	456237106
MSTR	MICROSTRATEGY INC	35,180	$5,075	4.5%	$13.10	+5.6%	CL A NEW	594972408
SATS	ECHOSTAR CORP	130,519	$4,757	4.2%	$34.49	-8.6%	CL A	278768106
—	LORAL SPACE & COMMUNICATNS I	104,991	$3,785	3.4%	$39.39	—	COM	543881106
GOOGL	ALPHABET INC	3,182	$3,745	3.3%	$53.74	+4.3%	CAP STK CL A	02079K305
GPRE	GREEN PLAINS INC	222,942	$3,719	3.3%	$15.53	-3.4%	COM	393222104
—	MERRIMACK PHARMACEUTICALS IN	425,359	$2,956	2.6%	$5.86	—	COM NEW	590328209
—	CAREER EDUCATION CORP	165,714	$2,738	2.4%	$13.20	—	COM	141665109
DAL	DELTA AIR LINES INC DEL	52,378	$2,705	2.4%	$47.83	-2.2%	COM NEW	247361702
OFS	OFS CAP CORP	227,728	$2,676	2.4%	$13.32	-12.9%	COM	67103B100
ALLY	ALLY FINL INC	91,940	$2,527	2.2%	$21.00	0.0%	COM	02005N100
—	HOPFED BANCORP INC	119,447	$2,353	2.1%	$14.42	—	COM	439734104
—	NATIONAL CINEMEDIA INC	294,441	$2,076	1.8%	$7.04	—	COM	635309107
NNI	NELNET INC	33,796	$1,861	1.7%	$53.85	-0.2%	CL A	64031N108
NODK	NI HLDGS INC	110,577	$1,769	1.6%	$16.53	-6.5%	COM	65342T106
—	NICHOLAS FINANCIAL INC	192,052	$1,728	1.5%	$9.44	—	COM NEW	65373J209
AAL	AMERICAN AIRLS GROUP INC	51,700	$1,642	1.5%	$33.11	0.0%	COM	02376R102
WFC	WELLS FARGO CO NEW	31,020	$1,499	1.3%	$44.15	-7.7%	COM	949746101
—	NORTHEAST BANCORP	68,224	$1,411	1.3%	$18.39	—	COM NEW	663904209
VYX	NCR CORP NEW	49,550	$1,352	1.2%	$16.56	0.0%	COM	62886E108
LUV	SOUTHWEST AIRLS CO	25,000	$1,298	1.2%	$48.39	-0.2%	COM	844741108
FNWB	FIRST NORTHWEST BANCORP	80,782	$1,258	1.1%	$14.15	-1.4%	COM	335834107
DLAPQ	DELTA APPAREL INC	54,600	$1,213	1.1%	$22.46	0.0%	COM	247368103
WCFB	WCF BANCORP INC	133,798	$1,104	1.0%	$9.07	—	COM	92940L103
—	WESTROCK CO	26,500	$1,016	0.9%	$38.34	—	COM	96145D105
VVX	VECTRUS INC	8,400	$924	0.8%	$25.55	+1.1%	Put	92242T101
VVX	VECTRUS INC	33,739	$897	0.8%	$25.55	+1.1%	COM	92242T101
PENN	PENN NATL GAMING INC	44,000	$884	0.8%	$23.77	-1.6%	COM	707569109
C	CITIGROUP INC	13,963	$869	0.8%	$48.78	0.0%	COM NEW	172967424
—	COMMUNITY WEST BANCSHARES	74,892	$762	0.7%	$10.84	—	COM	204157101
VVX	VECTRUS INC	8,400	$525	0.5%	$25.55	+1.1%	Call	92242T101
FUNC	FIRST UTD CORP	24,125	$416	0.4%	$12.18	+11.1%	COM	33741H107
SFBC	SOUND FINL BANCORP INC	11,090	$377	0.3%	$22.51	+31.9%	COM	83607A100
—	WELLESLEY BANCORP INC	11,931	$364	0.3%	$33.40	—	COM	949485106
FLL	FULL HOUSE RESORTS INC	115,238	$233	0.2%	$2.52	-11.8%	COM	359678109
—	INTERNAP CORP	41,600	$206	0.2%	$4.95	—	COM PAR	45885A409