Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q2 2020 (← Previous) (Next →)

Filing Date: Aug 14, 2020

Total Value ($000): $83,352 (89.4% shares, 10.6% debt)

Holdings (26)

— LEGG MASON INC 20.2%

Value ($000) $16,805 Shares 337,784 Est. Cost $49.61 Unrealized —

— GREEN PLAINS INC 10.6%

Value ($000) $8,849 Shares 11,192,000 Est. Cost $0.80 Unrealized —

— RLJ LODGING TR 7.5%

Value ($000) $6,216 Shares 283,987 Est. Cost $24.95 Unrealized —

ILPT INDUSTRIAL LOGISTICS PPTYS T 7.1%

Value ($000) $5,905 Shares 287,355 Est. Cost $20.01 Unrealized —

SATS ECHOSTAR CORP 6.5%

Value ($000) $5,410 Shares 193,483 Est. Cost $36.08 Unrealized -15.8%

RMR RMR GROUP INC 6.3%

Value ($000) $5,260 Shares 178,481 Est. Cost $23.29 Unrealized -29.2%

TPB TURNING PT BRANDS INC 5.2%

Value ($000) $4,356 Shares 174,880 Est. Cost $23.36 Unrealized -1.7%

OSG AMBAC FINL GROUP INC 5.1%

Value ($000) $4,270 Shares 298,219 Est. Cost $18.93 Unrealized -22.8%

NNI NELNET INC 4.6%

Value ($000) $3,872 Shares 81,110 Est. Cost $56.25 Unrealized -16.8%

SEE SEALED AIR CORP NEW 4.0%

Value ($000) $3,364 Shares 102,411 Est. Cost $29.22 Unrealized -7.5%

— BRISTOL-MYERS SQUIBB CO 4.0%

Value ($000) $3,337 Shares 932,128 Est. Cost $3.50 Unrealized —

— MERRIMACK PHARMACEUTICALS IN 3.5%

Value ($000) $2,895 Shares 869,354 Est. Cost $5.48 Unrealized —

DLAPQ DELTA APPAREL INC 2.8%

Value ($000) $2,313 Shares 190,821 Est. Cost $22.57 Unrealized -49.4%

GOOGL ALPHABET INC 2.6%

Value ($000) $2,127 Shares 1,500 Est. Cost $53.74 Unrealized +24.5%

— ENVIVA PARTNERS LP 2.0%

Value ($000) $1,658 Shares 46,000 Est. Cost $36.04 Unrealized —

NODK NI HLDGS INC 1.9%

Value ($000) $1,562 Shares 105,764 Est. Cost $16.55 Unrealized -17.9%

— ATLANTIC POWER CORP 1.6%

Value ($000) $1,319 Shares 659,572 Est. Cost $2.27 Unrealized —

TLYS TILLYS INC 1.4%

Value ($000) $1,160 Shares 204,509 Est. Cost $4.55 Unrealized 0.0%

— HOEGH LNG PARTNERS LP 0.8%

Value ($000) $692 Shares 71,091 Est. Cost $11.93 Unrealized —

WINA WINMARK CORP 0.8%

Value ($000) $685 Shares 4,000 Est. Cost $146.29 Unrealized 0.0%

SFBC SOUND FINL BANCORP INC 0.5%

Value ($000) $426 Shares 17,657 Est. Cost $26.13 Unrealized -19.3%

— OAKTREE SPECIALTY LENDING CO 0.3%

Value ($000) $286 Shares 63,949 Est. Cost $4.47 Unrealized —

MBCN MIDDLEFIELD BANC CORP 0.3%

Value ($000) $236 Shares 11,364 Est. Cost $19.50 Unrealized -20.3%

— ENDOLOGIX INC 0.2%

Value ($000) $197 Shares 245,210 Est. Cost $0.80 Unrealized —

— AMBAC FINL GROUP INC 0.2%

Value ($000) $138 Shares 23,120 Est. Cost $5.32 Unrealized —

— CEL SCI CORP 0.0%

Value ($000) $14 Shares 55,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	LEGG MASON INC	337,784	$16,805	20.2%	$49.61	—	COM	524901105
—	GREEN PLAINS INC	11,192,000	$8,849	10.6%	$0.80	—	NOTE 4.125% 9/0	393222AF1
—	RLJ LODGING TR	283,987	$6,216	7.5%	$24.95	—	CUM CONV PFD A	74965L200
ILPT	INDUSTRIAL LOGISTICS PPTYS T	287,355	$5,905	7.1%	$20.01	—	COM SHS BEN INT	456237106
SATS	ECHOSTAR CORP	193,483	$5,410	6.5%	$36.08	-15.8%	CL A	278768106
RMR	RMR GROUP INC	178,481	$5,260	6.3%	$23.29	-29.2%	CL A	74967R106
TPB	TURNING PT BRANDS INC	174,880	$4,356	5.2%	$23.36	-1.7%	COM	90041L105
OSG	AMBAC FINL GROUP INC	298,219	$4,270	5.1%	$18.93	-22.8%	COM NEW	023139884
NNI	NELNET INC	81,110	$3,872	4.6%	$56.25	-16.8%	CL A	64031N108
SEE	SEALED AIR CORP NEW	102,411	$3,364	4.0%	$29.22	-7.5%	COM	81211K100
—	BRISTOL-MYERS SQUIBB CO	932,128	$3,337	4.0%	$3.50	—	RIGHT 99/99/9999	110122157
—	MERRIMACK PHARMACEUTICALS IN	869,354	$2,895	3.5%	$5.48	—	COM NEW	590328209
DLAPQ	DELTA APPAREL INC	190,821	$2,313	2.8%	$22.57	-49.4%	COM	247368103
GOOGL	ALPHABET INC	1,500	$2,127	2.6%	$53.74	+24.5%	CAP STK CL A	02079K305
—	ENVIVA PARTNERS LP	46,000	$1,658	2.0%	$36.04	—	COM UNIT	29414J107
NODK	NI HLDGS INC	105,764	$1,562	1.9%	$16.55	-17.9%	COM	65342T106
—	ATLANTIC POWER CORP	659,572	$1,319	1.6%	$2.27	—	COM NEW	04878Q863
TLYS	TILLYS INC	204,509	$1,160	1.4%	$4.55	0.0%	CL A	886885102
—	HOEGH LNG PARTNERS LP	71,091	$692	0.8%	$11.93	—	COM UNIT LTD	Y3262R100
WINA	WINMARK CORP	4,000	$685	0.8%	$146.29	0.0%	COM	974250102
SFBC	SOUND FINL BANCORP INC	17,657	$426	0.5%	$26.13	-19.3%	COM	83607A100
—	OAKTREE SPECIALTY LENDING CO	63,949	$286	0.3%	$4.47	—	COM	67401P108
MBCN	MIDDLEFIELD BANC CORP	11,364	$236	0.3%	$19.50	-20.3%	COM NEW	596304204
—	ENDOLOGIX INC	245,210	$197	0.2%	$0.80	—	COM NEW	29266S304
—	AMBAC FINL GROUP INC	23,120	$138	0.2%	$5.32	—	*W EXP 04/30/202	023139116
—	CEL SCI CORP	55,000	$14	0.0%	—	—	Put	150837607