Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q1 2020 (← Previous) (Next →)

Filing Date: May 15, 2020

Total Value ($000): $108,308 (100.0% shares, 0.0% debt)

Holdings (34)

— ALLERGAN PLC 24.0%

Value ($000) $25,955 Shares 146,558 Est. Cost $177.10 Unrealized —

— RLJ LODGING TR 7.8%

Value ($000) $8,419 Shares 481,087 Est. Cost $24.95 Unrealized —

— GREEN PLAINS INC 6.9%

Value ($000) $7,436 Shares 11,192,000 Est. Cost $0.80 Unrealized —

— WRIGHT MED GROUP N V 6.8%

Value ($000) $7,409 Shares 258,594 Est. Cost $28.65 Unrealized —

SATS ECHOSTAR CORP 4.6%

Value ($000) $5,013 Shares 156,800 Est. Cost $37.42 Unrealized 0.0%

RMR RMR GROUP INC 4.4%

Value ($000) $4,814 Shares 178,481 Est. Cost $23.29 Unrealized -6.5%

ILPT INDUSTRIAL LOGISTICS PPTYS T 4.4%

Value ($000) $4,747 Shares 270,655 Est. Cost $19.98 Unrealized —

NNI NELNET INC 3.4%

Value ($000) $3,683 Shares 81,110 Est. Cost $56.25 Unrealized -4.2%

TPB TURNING PT BRANDS INC 3.1%

Value ($000) $3,356 Shares 158,976 Est. Cost $23.40 Unrealized 0.0%

OSG AMBAC FINL GROUP INC 3.0%

Value ($000) $3,302 Shares 267,621 Est. Cost $19.42 Unrealized -1.3%

— ERA GROUP INC 2.8%

Value ($000) $3,067 Shares 575,361 Est. Cost $5.33 Unrealized —

JNK SPDR SER TR 2.7%

Value ($000) $2,904 Shares 205,200 Est. Cost — Unrealized —

— CYPRESS SEMICONDUCTOR CORP 2.6%

Value ($000) $2,870 Shares 123,052 Est. Cost $23.32 Unrealized —

— LEGG MASON INC 2.4%

Value ($000) $2,632 Shares 53,871 Est. Cost $48.86 Unrealized —

SEE SEALED AIR CORP NEW 2.3%

Value ($000) $2,531 Shares 102,411 Est. Cost $29.22 Unrealized 0.0%

— MARLIN BUSINESS SVCS CORP 2.3%

Value ($000) $2,473 Shares 221,374 Est. Cost $22.68 Unrealized —

DLAPQ DELTA APPAREL INC 1.9%

Value ($000) $2,012 Shares 193,271 Est. Cost $22.57 Unrealized -5.5%

— HOEGH LNG PARTNERS LP 1.7%

Value ($000) $1,833 Shares 250,082 Est. Cost $11.93 Unrealized —

— MERRIMACK PHARMACEUTICALS IN 1.7%

Value ($000) $1,812 Shares 842,913 Est. Cost $5.55 Unrealized —

— LIBERTY MEDIA CORP DEL 1.7%

Value ($000) $1,809 Shares 57,096 Est. Cost $31.68 Unrealized —

GOOGL ALPHABET INC 1.6%

Value ($000) $1,743 Shares 1,500 Est. Cost $53.74 Unrealized +25.2%

NODK NI HLDGS INC 1.3%

Value ($000) $1,434 Shares 105,764 Est. Cost $16.55 Unrealized -11.8%

— CAPSTEAD MTG CORP 1.3%

Value ($000) $1,362 Shares 324,215 Est. Cost $4.20 Unrealized —

— CINER RES LP 1.1%

Value ($000) $1,191 Shares 114,972 Est. Cost $19.39 Unrealized —

— BRISTOL-MYERS SQUIBB CO 1.1%

Value ($000) $1,189 Shares 312,900 Est. Cost $3.33 Unrealized —

— ATLANTIC POWER CORP 0.9%

Value ($000) $983 Shares 459,572 Est. Cost $2.39 Unrealized —

NEN NEW ENGLAND RLTY ASSOC LTD P 0.7%

Value ($000) $732 Shares 15,590 Est. Cost $62.02 Unrealized —

SFBC SOUND FINL BANCORP INC 0.3%

Value ($000) $371 Shares 17,657 Est. Cost $26.13 Unrealized +12.8%

— COMMUNITY WEST BANCSHARES 0.3%

Value ($000) $337 Shares 55,300 Est. Cost $10.65 Unrealized —

— CEL SCI CORP 0.3%

Value ($000) $279 Shares 193,100 Est. Cost — Unrealized —

— FORUM ENERGY TECHNOLOGIES IN 0.2%

Value ($000) $197 Shares 1,110,131 Est. Cost $0.88 Unrealized —

MBCN MIDDLEFIELD BANC CORP 0.2%

Value ($000) $180 Shares 11,364 Est. Cost $19.50 Unrealized -3.5%

— AMBAC FINL GROUP INC 0.1%

Value ($000) $123 Shares 23,120 Est. Cost $5.32 Unrealized —

— STEEL PARTNERS HLDGS L P 0.1%

Value ($000) $110 Shares 20,283 Est. Cost $12.52 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALLERGAN PLC	146,558	$25,955	24.0%	$177.10	—	SHS	G0177J108
—	RLJ LODGING TR	481,087	$8,419	7.8%	$24.95	—	CUM CONV PFD A	74965L200
—	GREEN PLAINS INC	11,192,000	$7,436	6.9%	$0.80	—	NOTE 4.125% 9/0	393222AF1
—	WRIGHT MED GROUP N V	258,594	$7,409	6.8%	$28.65	—	ORD SHS	N96617118
SATS	ECHOSTAR CORP	156,800	$5,013	4.6%	$37.42	0.0%	CL A	278768106
RMR	RMR GROUP INC	178,481	$4,814	4.4%	$23.29	-6.5%	CL A	74967R106
ILPT	INDUSTRIAL LOGISTICS PPTYS T	270,655	$4,747	4.4%	$19.98	—	COM SHS BEN INT	456237106
NNI	NELNET INC	81,110	$3,683	3.4%	$56.25	-4.2%	CL A	64031N108
TPB	TURNING PT BRANDS INC	158,976	$3,356	3.1%	$23.40	0.0%	COM	90041L105
OSG	AMBAC FINL GROUP INC	267,621	$3,302	3.0%	$19.42	-1.3%	COM NEW	023139884
—	ERA GROUP INC	575,361	$3,067	2.8%	$5.33	—	COM	26885G109
JNK	SPDR SER TR	205,200	$2,904	2.7%	—	—	Put	78468R622
—	CYPRESS SEMICONDUCTOR CORP	123,052	$2,870	2.6%	$23.32	—	COM	232806109
—	LEGG MASON INC	53,871	$2,632	2.4%	$48.86	—	COM	524901105
SEE	SEALED AIR CORP NEW	102,411	$2,531	2.3%	$29.22	0.0%	COM	81211K100
—	MARLIN BUSINESS SVCS CORP	221,374	$2,473	2.3%	$22.68	—	COM	571157106
DLAPQ	DELTA APPAREL INC	193,271	$2,012	1.9%	$22.57	-5.5%	COM	247368103
—	HOEGH LNG PARTNERS LP	250,082	$1,833	1.7%	$11.93	—	COM UNIT LTD	Y3262R100
—	MERRIMACK PHARMACEUTICALS IN	842,913	$1,812	1.7%	$5.55	—	COM NEW	590328209
—	LIBERTY MEDIA CORP DEL	57,096	$1,809	1.7%	$31.68	—	COM A SIRIUSXM	531229409
GOOGL	ALPHABET INC	1,500	$1,743	1.6%	$53.74	+25.2%	CAP STK CL A	02079K305
NODK	NI HLDGS INC	105,764	$1,434	1.3%	$16.55	-11.8%	COM	65342T106
—	CAPSTEAD MTG CORP	324,215	$1,362	1.3%	$4.20	—	COM NO PAR	14067E506
—	CINER RES LP	114,972	$1,191	1.1%	$19.39	—	COM UNIT LTD	172464109
—	BRISTOL-MYERS SQUIBB CO	312,900	$1,189	1.1%	$3.33	—	RIGHT 99/99/9999	110122157
—	ATLANTIC POWER CORP	459,572	$983	0.9%	$2.39	—	COM NEW	04878Q863
NEN	NEW ENGLAND RLTY ASSOC LTD P	15,590	$732	0.7%	$62.02	—	DEPOSITRY RCPT	644206104
SFBC	SOUND FINL BANCORP INC	17,657	$371	0.3%	$26.13	+12.8%	COM	83607A100
—	COMMUNITY WEST BANCSHARES	55,300	$337	0.3%	$10.65	—	COM	204157101
—	CEL SCI CORP	193,100	$279	0.3%	—	—	Put	150837607
—	FORUM ENERGY TECHNOLOGIES IN	1,110,131	$197	0.2%	$0.88	—	COM	34984V100
MBCN	MIDDLEFIELD BANC CORP	11,364	$180	0.2%	$19.50	-3.5%	COM NEW	596304204
—	AMBAC FINL GROUP INC	23,120	$123	0.1%	$5.32	—	*W EXP 04/30/202	023139116
—	STEEL PARTNERS HLDGS L P	20,283	$110	0.1%	$12.52	—	LTD PRTRSHIP U	85814R107