Western Standard LLC Quant / Systematic

Location: Los Angeles, CA

CIK: 0001517666 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value: $108M (100.0% shares, 0.0% debt)

Holdings (34)

— ALLERGAN PLC 24.0%

Value $25.95M Shares 146,558 Est. Cost $177.10 Unrealized —

— RLJ LODGING TR 7.8%

Value $8.419M Shares 481,087 Est. Cost $24.95 Unrealized —

— GREEN PLAINS INC 6.9%

Value $7.436M Shares 11,192,000 Est. Cost $0.80 Unrealized —

— WRIGHT MED GROUP N V 6.8%

Value $7.409M Shares 258,594 Est. Cost $28.65 Unrealized —

SATS ECHOSTAR CORP 4.6%

Value $5.013M Shares 156,800 Est. Cost $37.42 Unrealized 0.0%

RMR RMR GROUP INC 4.4%

Value $4.814M Shares 178,481 Est. Cost $23.29 Unrealized -6.5%

ILPT INDUSTRIAL LOGISTICS PPTYS T 4.4%

Value $4.747M Shares 270,655 Est. Cost $19.98 Unrealized —

NNI NELNET INC 3.4%

Value $3.683M Shares 81,110 Est. Cost $56.25 Unrealized -4.2%

TPB TURNING PT BRANDS INC 3.1%

Value $3.356M Shares 158,976 Est. Cost $23.40 Unrealized 0.0%

OSG AMBAC FINL GROUP INC 3.0%

Value $3.302M Shares 267,621 Est. Cost $19.42 Unrealized -1.3%

— ERA GROUP INC 2.8%

Value $3.067M Shares 575,361 Est. Cost $5.33 Unrealized —

JNK SPDR SER TR 2.7%

Value $2.904M Shares 205,200 Est. Cost — Unrealized —

— CYPRESS SEMICONDUCTOR CORP 2.6%

Value $2.87M Shares 123,052 Est. Cost $23.32 Unrealized —

— LEGG MASON INC 2.4%

Value $2.632M Shares 53,871 Est. Cost $48.86 Unrealized —

SEE SEALED AIR CORP NEW 2.3%

Value $2.531M Shares 102,411 Est. Cost $29.22 Unrealized 0.0%

— MARLIN BUSINESS SVCS CORP 2.3%

Value $2.473M Shares 221,374 Est. Cost $22.68 Unrealized —

DLAPQ DELTA APPAREL INC 1.9%

Value $2.012M Shares 193,271 Est. Cost $22.57 Unrealized -5.5%

— HOEGH LNG PARTNERS LP 1.7%

Value $1.833M Shares 250,082 Est. Cost $11.93 Unrealized —

— MERRIMACK PHARMACEUTICALS IN 1.7%

Value $1.812M Shares 842,913 Est. Cost $5.55 Unrealized —

— LIBERTY MEDIA CORP DEL 1.7%

Value $1.809M Shares 57,096 Est. Cost $31.68 Unrealized —

GOOGL ALPHABET INC 1.6%

Value $1.743M Shares 1,500 Est. Cost $53.74 Unrealized +25.2%

NODK NI HLDGS INC 1.3%

Value $1.434M Shares 105,764 Est. Cost $16.55 Unrealized -11.8%

— CAPSTEAD MTG CORP 1.3%

Value $1.362M Shares 324,215 Est. Cost $4.20 Unrealized —

— CINER RES LP 1.1%

Value $1.191M Shares 114,972 Est. Cost $19.39 Unrealized —

— BRISTOL-MYERS SQUIBB CO 1.1%

Value $1.189M Shares 312,900 Est. Cost $3.33 Unrealized —

— ATLANTIC POWER CORP 0.9%

Value $983K Shares 459,572 Est. Cost $2.39 Unrealized —

NEN NEW ENGLAND RLTY ASSOC LTD P 0.7%

Value $732K Shares 15,590 Est. Cost $62.02 Unrealized —

SFBC SOUND FINL BANCORP INC 0.3%

Value $371K Shares 17,657 Est. Cost $26.13 Unrealized +12.8%

— COMMUNITY WEST BANCSHARES 0.3%

Value $337K Shares 55,300 Est. Cost $10.65 Unrealized —

— CEL SCI CORP 0.3%

Value $279K Shares 193,100 Est. Cost — Unrealized —

— FORUM ENERGY TECHNOLOGIES IN 0.2%

Value $197K Shares 1,110,131 Est. Cost $0.88 Unrealized —

MBCN MIDDLEFIELD BANC CORP 0.2%

Value $180K Shares 11,364 Est. Cost $19.50 Unrealized -3.5%

— AMBAC FINL GROUP INC 0.1%

Value $123K Shares 23,120 Est. Cost $5.32 Unrealized —

— STEEL PARTNERS HLDGS L P 0.1%

Value $110K Shares 20,283 Est. Cost $12.52 Unrealized —

Ticker	Issuer	Shares	Value	%	Est. Cost	Unrealized	Class	CUSIP
—	ALLERGAN PLC	146,558	$25.95M	24.0%	$177.10	—	SHS	G0177J108
—	RLJ LODGING TR	481,087	$8.419M	7.8%	$24.95	—	CUM CONV PFD A	74965L200
—	GREEN PLAINS INC	11,192,000	$7.436M	6.9%	$0.80	—	NOTE 4.125% 9/0	393222AF1
—	WRIGHT MED GROUP N V	258,594	$7.409M	6.8%	$28.65	—	ORD SHS	N96617118
SATS	ECHOSTAR CORP	156,800	$5.013M	4.6%	$37.42	0.0%	CL A	278768106
RMR	RMR GROUP INC	178,481	$4.814M	4.4%	$23.29	-6.5%	CL A	74967R106
ILPT	INDUSTRIAL LOGISTICS PPTYS T	270,655	$4.747M	4.4%	$19.98	—	COM SHS BEN INT	456237106
NNI	NELNET INC	81,110	$3.683M	3.4%	$56.25	-4.2%	CL A	64031N108
TPB	TURNING PT BRANDS INC	158,976	$3.356M	3.1%	$23.40	0.0%	COM	90041L105
OSG	AMBAC FINL GROUP INC	267,621	$3.302M	3.0%	$19.42	-1.3%	COM NEW	023139884
—	ERA GROUP INC	575,361	$3.067M	2.8%	$5.33	—	COM	26885G109
JNK	SPDR SER TR	205,200	$2.904M	2.7%	—	—	Put	78468R622
—	CYPRESS SEMICONDUCTOR CORP	123,052	$2.87M	2.6%	$23.32	—	COM	232806109
—	LEGG MASON INC	53,871	$2.632M	2.4%	$48.86	—	COM	524901105
SEE	SEALED AIR CORP NEW	102,411	$2.531M	2.3%	$29.22	0.0%	COM	81211K100
—	MARLIN BUSINESS SVCS CORP	221,374	$2.473M	2.3%	$22.68	—	COM	571157106
DLAPQ	DELTA APPAREL INC	193,271	$2.012M	1.9%	$22.57	-5.5%	COM	247368103
—	HOEGH LNG PARTNERS LP	250,082	$1.833M	1.7%	$11.93	—	COM UNIT LTD	Y3262R100
—	MERRIMACK PHARMACEUTICALS IN	842,913	$1.812M	1.7%	$5.55	—	COM NEW	590328209
—	LIBERTY MEDIA CORP DEL	57,096	$1.809M	1.7%	$31.68	—	COM A SIRIUSXM	531229409
GOOGL	ALPHABET INC	1,500	$1.743M	1.6%	$53.74	+25.2%	CAP STK CL A	02079K305
NODK	NI HLDGS INC	105,764	$1.434M	1.3%	$16.55	-11.8%	COM	65342T106
—	CAPSTEAD MTG CORP	324,215	$1.362M	1.3%	$4.20	—	COM NO PAR	14067E506
—	CINER RES LP	114,972	$1.191M	1.1%	$19.39	—	COM UNIT LTD	172464109
—	BRISTOL-MYERS SQUIBB CO	312,900	$1.189M	1.1%	$3.33	—	RIGHT 99/99/9999	110122157
—	ATLANTIC POWER CORP	459,572	$983K	0.9%	$2.39	—	COM NEW	04878Q863
NEN	NEW ENGLAND RLTY ASSOC LTD P	15,590	$732K	0.7%	$62.02	—	DEPOSITRY RCPT	644206104
SFBC	SOUND FINL BANCORP INC	17,657	$371K	0.3%	$26.13	+12.8%	COM	83607A100
—	COMMUNITY WEST BANCSHARES	55,300	$337K	0.3%	$10.65	—	COM	204157101
—	CEL SCI CORP	193,100	$279K	0.3%	—	—	Put	150837607
—	FORUM ENERGY TECHNOLOGIES IN	1,110,131	$197K	0.2%	$0.88	—	COM	34984V100
MBCN	MIDDLEFIELD BANC CORP	11,364	$180K	0.2%	$19.50	-3.5%	COM NEW	596304204
—	AMBAC FINL GROUP INC	23,120	$123K	0.1%	$5.32	—	*W EXP 04/30/202	023139116
—	STEEL PARTNERS HLDGS L P	20,283	$110K	0.1%	$12.52	—	LTD PRTRSHIP U	85814R107