Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q2 2019 (← Previous) (Next →)

Filing Date: Aug 14, 2019

Total Value ($000): $135,322 (100.0% shares, 0.0% debt)

Holdings (39)

— MARLIN BUSINESS SVCS CORP 9.8%

Value ($000) $13,307 Shares 533,760 Est. Cost $22.68 Unrealized —

— ANADARKO PETE CORP 9.4%

Value ($000) $12,685 Shares 179,773 Est. Cost $70.56 Unrealized —

UUP INVESCO DB US DLR INDEX TR 9.2%

Value ($000) $12,493 Shares 481,050 Est. Cost $25.05 Unrealized —

— RLJ LODGING TR 8.9%

Value ($000) $12,001 Shares 458,584 Est. Cost $25.54 Unrealized —

— RED HAT INC 8.8%

Value ($000) $11,850 Shares 63,111 Est. Cost $179.02 Unrealized —

ILPT INDUSTRIAL LOGISTICS PPTYS T 6.0%

Value ($000) $8,107 Shares 389,379 Est. Cost $20.46 Unrealized —

PENN PENN NATL GAMING INC 4.9%

Value ($000) $6,567 Shares 340,980 Est. Cost $20.74 Unrealized -2.2%

— LORAL SPACE & COMMUNICATNS I 3.1%

Value ($000) $4,206 Shares 121,873 Est. Cost $38.71 Unrealized —

ALLY ALLY FINL INC 3.0%

Value ($000) $4,058 Shares 130,953 Est. Cost $21.85 Unrealized +9.3%

NNI NELNET INC 3.0%

Value ($000) $4,039 Shares 68,202 Est. Cost $56.30 Unrealized +4.3%

GPRE GREEN PLAINS INC 3.0%

Value ($000) $4,024 Shares 373,312 Est. Cost $15.26 Unrealized -2.6%

SATS ECHOSTAR CORP 2.9%

Value ($000) $3,896 Shares 87,905 Est. Cost $34.49 Unrealized -3.4%

— MERRIMACK PHARMACEUTICALS IN 2.8%

Value ($000) $3,780 Shares 624,756 Est. Cost $5.92 Unrealized —

— CINER RES LP 2.3%

Value ($000) $3,158 Shares 162,849 Est. Cost $19.39 Unrealized —

DLAPQ DELTA APPAREL INC 2.1%

Value ($000) $2,855 Shares 123,146 Est. Cost $22.61 Unrealized +0.5%

GOOGL ALPHABET INC 2.0%

Value ($000) $2,742 Shares 2,532 Est. Cost $53.74 Unrealized +6.9%

— HOPFED BANCORP INC 1.7%

Value ($000) $2,266 Shares 119,447 Est. Cost $14.42 Unrealized —

NODK NI HLDGS INC 1.4%

Value ($000) $1,947 Shares 110,577 Est. Cost $16.53 Unrealized +2.9%

— NATIONAL CINEMEDIA INC 1.4%

Value ($000) $1,932 Shares 294,441 Est. Cost $7.04 Unrealized —

DAL DELTA AIR LINES INC DEL 1.4%

Value ($000) $1,923 Shares 33,878 Est. Cost $47.83 Unrealized +11.4%

WFC WELLS FARGO CO NEW 1.4%

Value ($000) $1,893 Shares 40,000 Est. Cost $43.01 Unrealized -9.1%

MSTR MICROSTRATEGY INC 1.3%

Value ($000) $1,806 Shares 12,602 Est. Cost $13.10 Unrealized +7.7%

LUV SOUTHWEST AIRLS CO 1.2%

Value ($000) $1,574 Shares 31,000 Est. Cost $48.23 Unrealized -1.4%

— CORNERSTONE BLDG BRANDS INC 1.2%

Value ($000) $1,562 Shares 268,000 Est. Cost $5.83 Unrealized —

CASH META FINL GROUP INC 1.0%

Value ($000) $1,388 Shares 49,496 Est. Cost $24.66 Unrealized 0.0%

OFS OFS CAP CORP 0.9%

Value ($000) $1,172 Shares 97,693 Est. Cost $13.32 Unrealized -7.7%

WCFB WCF BANCORP INC 0.8%

Value ($000) $1,095 Shares 134,037 Est. Cost $9.07 Unrealized —

NBN NORTHEAST BK LEWISTON ME 0.8%

Value ($000) $1,065 Shares 38,624 Est. Cost $21.15 Unrealized 0.0%

— ATLANTIC PWR CORP 0.7%

Value ($000) $1,006 Shares 415,502 Est. Cost $2.42 Unrealized —

C CITIGROUP INC 0.7%

Value ($000) $978 Shares 13,963 Est. Cost $48.78 Unrealized +8.4%

FNWB FIRST NORTHWEST BANCORP 0.6%

Value ($000) $851 Shares 52,365 Est. Cost $14.15 Unrealized +1.8%

— COMMUNITY WEST BANCSHARES 0.6%

Value ($000) $772 Shares 79,992 Est. Cost $10.77 Unrealized —

SFBC SOUND FINL BANCORP INC 0.5%

Value ($000) $653 Shares 19,127 Est. Cost $25.79 Unrealized +17.6%

AER AERCAP HOLDINGS NV 0.4%

Value ($000) $519 Shares 9,977 Est. Cost $48.26 Unrealized 0.0%

RMR RMR GROUP INC 0.3%

Value ($000) $446 Shares 9,500 Est. Cost $29.57 Unrealized 0.0%

— TUESDAY MORNING CORP 0.3%

Value ($000) $339 Shares 200,730 Est. Cost $1.69 Unrealized —

— NICHOLAS FINANCIAL INC 0.2%

Value ($000) $261 Shares 27,719 Est. Cost $9.44 Unrealized —

— SEARS HOMETOWN & OUTLET STOR 0.1%

Value ($000) $73 Shares 30,600 Est. Cost $2.39 Unrealized —

— NEOS THERAPEUTICS INC 0.0%

Value ($000) $33 Shares 25,935 Est. Cost $1.27 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	MARLIN BUSINESS SVCS CORP	533,760	$13,307	9.8%	$22.68	—	COM	571157106
—	ANADARKO PETE CORP	179,773	$12,685	9.4%	$70.56	—	COM	032511107
UUP	INVESCO DB US DLR INDEX TR	481,050	$12,493	9.2%	$25.05	—	BULLISH FD	46141D203
—	RLJ LODGING TR	458,584	$12,001	8.9%	$25.54	—	CUM CONV PFD A	74965L200
—	RED HAT INC	63,111	$11,850	8.8%	$179.02	—	COM	756577102
ILPT	INDUSTRIAL LOGISTICS PPTYS T	389,379	$8,107	6.0%	$20.46	—	COM SHS BEN INT	456237106
PENN	PENN NATL GAMING INC	340,980	$6,567	4.9%	$20.74	-2.2%	COM	707569109
—	LORAL SPACE & COMMUNICATNS I	121,873	$4,206	3.1%	$38.71	—	COM	543881106
ALLY	ALLY FINL INC	130,953	$4,058	3.0%	$21.85	+9.3%	COM	02005N100
NNI	NELNET INC	68,202	$4,039	3.0%	$56.30	+4.3%	CL A	64031N108
GPRE	GREEN PLAINS INC	373,312	$4,024	3.0%	$15.26	-2.6%	COM	393222104
SATS	ECHOSTAR CORP	87,905	$3,896	2.9%	$34.49	-3.4%	CL A	278768106
—	MERRIMACK PHARMACEUTICALS IN	624,756	$3,780	2.8%	$5.92	—	COM NEW	590328209
—	CINER RES LP	162,849	$3,158	2.3%	$19.39	—	COM UNIT LTD	172464109
DLAPQ	DELTA APPAREL INC	123,146	$2,855	2.1%	$22.61	+0.5%	COM	247368103
GOOGL	ALPHABET INC	2,532	$2,742	2.0%	$53.74	+6.9%	CAP STK CL A	02079K305
—	HOPFED BANCORP INC	119,447	$2,266	1.7%	$14.42	—	COM	439734104
NODK	NI HLDGS INC	110,577	$1,947	1.4%	$16.53	+2.9%	COM	65342T106
—	NATIONAL CINEMEDIA INC	294,441	$1,932	1.4%	$7.04	—	COM	635309107
DAL	DELTA AIR LINES INC DEL	33,878	$1,923	1.4%	$47.83	+11.4%	COM NEW	247361702
WFC	WELLS FARGO CO NEW	40,000	$1,893	1.4%	$43.01	-9.1%	COM	949746101
MSTR	MICROSTRATEGY INC	12,602	$1,806	1.3%	$13.10	+7.7%	CL A NEW	594972408
LUV	SOUTHWEST AIRLS CO	31,000	$1,574	1.2%	$48.23	-1.4%	COM	844741108
—	CORNERSTONE BLDG BRANDS INC	268,000	$1,562	1.2%	$5.83	—	COM	21925D109
CASH	META FINL GROUP INC	49,496	$1,388	1.0%	$24.66	0.0%	COM	59100U108
OFS	OFS CAP CORP	97,693	$1,172	0.9%	$13.32	-7.7%	COM	67103B100
WCFB	WCF BANCORP INC	134,037	$1,095	0.8%	$9.07	—	COM	92940L103
NBN	NORTHEAST BK LEWISTON ME	38,624	$1,065	0.8%	$21.15	0.0%	COM	66405S100
—	ATLANTIC PWR CORP	415,502	$1,006	0.7%	$2.42	—	COM NEW	04878Q863
C	CITIGROUP INC	13,963	$978	0.7%	$48.78	+8.4%	COM NEW	172967424
FNWB	FIRST NORTHWEST BANCORP	52,365	$851	0.6%	$14.15	+1.8%	COM	335834107
—	COMMUNITY WEST BANCSHARES	79,992	$772	0.6%	$10.77	—	COM	204157101
SFBC	SOUND FINL BANCORP INC	19,127	$653	0.5%	$25.79	+17.6%	COM	83607A100
AER	AERCAP HOLDINGS NV	9,977	$519	0.4%	$48.26	0.0%	SHS	N00985106
RMR	RMR GROUP INC	9,500	$446	0.3%	$29.57	0.0%	CL A	74967R106
—	TUESDAY MORNING CORP	200,730	$339	0.3%	$1.69	—	COM NEW	899035505
—	NICHOLAS FINANCIAL INC	27,719	$261	0.2%	$9.44	—	COM NEW	65373J209
—	SEARS HOMETOWN & OUTLET STOR	30,600	$73	0.1%	$2.39	—	COM	812362101
—	NEOS THERAPEUTICS INC	25,935	$33	0.0%	$1.27	—	COM	64052L106