Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q3 2020 (← Previous) (Next →)

Filing Date: Nov 16, 2020

Total Value ($000): $88,059 (86.6% shares, 13.4% debt)

Holdings (32)

— IMMUNOMEDICS INC 15.3%

Value ($000) $13,440 Shares 158,065 Est. Cost $85.03 Unrealized —

— GREEN PLAINS INC 7.9%

Value ($000) $6,928 Shares 7,192,000 Est. Cost $0.80 Unrealized —

— RLJ LODGING TR 6.7%

Value ($000) $5,886 Shares 256,687 Est. Cost $24.95 Unrealized —

ILPT INDUSTRIAL LOGISTICS PPTYS T 6.5%

Value ($000) $5,697 Shares 260,475 Est. Cost $20.01 Unrealized —

RMR RMR GROUP INC 5.7%

Value ($000) $5,021 Shares 182,781 Est. Cost $23.14 Unrealized -27.7%

SATS ECHOSTAR CORP 5.7%

Value ($000) $5,015 Shares 201,483 Est. Cost $35.76 Unrealized -22.0%

— FORUM ENERGY TECHNOLOGIES IN 5.5%

Value ($000) $4,862 Shares 7,811,000 Est. Cost $0.62 Unrealized —

— MERRIMACK PHARMACEUTICALS IN 4.8%

Value ($000) $4,253 Shares 1,063,267 Est. Cost $5.21 Unrealized —

WINA WINMARK CORP 3.7%

Value ($000) $3,274 Shares 19,015 Est. Cost $157.86 Unrealized +2.0%

NNI NELNET INC 3.7%

Value ($000) $3,221 Shares 53,465 Est. Cost $56.25 Unrealized +8.8%

SPB SPECTRUM BRANDS HLDGS INC NE 3.2%

Value ($000) $2,832 Shares 49,549 Est. Cost $54.83 Unrealized 0.0%

DLAPQ DELTA APPAREL INC 3.1%

Value ($000) $2,734 Shares 191,852 Est. Cost $22.57 Unrealized -38.6%

GOOGL ALPHABET INC 2.6%

Value ($000) $2,251 Shares 1,536 Est. Cost $54.25 Unrealized +39.4%

FE FIRSTENERGY CORP 2.5%

Value ($000) $2,161 Shares 75,259 Est. Cost $25.02 Unrealized 0.0%

TBHC KIRKLANDS INC 2.2%

Value ($000) $1,918 Shares 233,666 Est. Cost $6.50 Unrealized 0.0%

NODK NI HLDGS INC 2.1%

Value ($000) $1,829 Shares 108,264 Est. Cost $16.54 Unrealized -2.7%

— HOEGH LNG PARTNERS LP 1.9%

Value ($000) $1,698 Shares 160,000 Est. Cost $11.20 Unrealized —

— HORIZON THERAPEUTICS PUB L 1.6%

Value ($000) $1,429 Shares 18,400 Est. Cost $77.66 Unrealized —

TPB TURNING PT BRANDS INC 1.5%

Value ($000) $1,360 Shares 48,760 Est. Cost $23.36 Unrealized +25.8%

— SIRIUS INTERNATIONAL INSURAN 1.5%

Value ($000) $1,300 Shares 112,497 Est. Cost $11.56 Unrealized —

FIZZ NATIONAL BEVERAGE CORP 1.5%

Value ($000) $1,285 Shares 18,900 Est. Cost $28.90 Unrealized 0.0%

— FRONT YD RESIDENTIAL CORP 1.4%

Value ($000) $1,251 Shares 143,145 Est. Cost $8.74 Unrealized —

ZUMZ ZUMIEZ INC 1.4%

Value ($000) $1,229 Shares 44,190 Est. Cost $26.15 Unrealized 0.0%

TLYS TILLYS INC 1.2%

Value ($000) $1,065 Shares 176,609 Est. Cost $4.55 Unrealized +22.1%

— ATLANTIC POWER CORP 1.2%

Value ($000) $1,053 Shares 537,378 Est. Cost $2.27 Unrealized —

— VECTOR GROUP LTD 1.2%

Value ($000) $1,023 Shares 105,579 Est. Cost $9.69 Unrealized —

PKE PARK AEROSPACE CORP 1.1%

Value ($000) $964 Shares 88,319 Est. Cost $11.22 Unrealized 0.0%

— OAKTREE SPECIALTY LENDING CO 1.0%

Value ($000) $843 Shares 174,102 Est. Cost $4.71 Unrealized —

PCG PG&E CORP 0.9%

Value ($000) $803 Shares 85,546 Est. Cost $9.16 Unrealized 0.0%

— BRISTOL-MYERS SQUIBB CO 0.9%

Value ($000) $773 Shares 343,545 Est. Cost $3.50 Unrealized —

SFBC SOUND FINL BANCORP INC 0.6%

Value ($000) $535 Shares 18,057 Est. Cost $26.09 Unrealized -6.1%

— AMBAC FINL GROUP INC 0.1%

Value ($000) $126 Shares 23,120 Est. Cost $5.32 Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	IMMUNOMEDICS INC	158,065	$13,440	15.3%	$85.03	—	COM	452907108
—	GREEN PLAINS INC	7,192,000	$6,928	7.9%	$0.80	—	NOTE 4.125% 9/0	393222AF1
—	RLJ LODGING TR	256,687	$5,886	6.7%	$24.95	—	CUM CONV PFD A	74965L200
ILPT	INDUSTRIAL LOGISTICS PPTYS T	260,475	$5,697	6.5%	$20.01	—	COM SHS BEN INT	456237106
RMR	RMR GROUP INC	182,781	$5,021	5.7%	$23.14	-27.7%	CL A	74967R106
SATS	ECHOSTAR CORP	201,483	$5,015	5.7%	$35.76	-22.0%	CL A	278768106
—	FORUM ENERGY TECHNOLOGIES IN	7,811,000	$4,862	5.5%	$0.62	—	NOTE 9.000% 8/0	34984VAC4
—	MERRIMACK PHARMACEUTICALS IN	1,063,267	$4,253	4.8%	$5.21	—	COM NEW	590328209
WINA	WINMARK CORP	19,015	$3,274	3.7%	$157.86	+2.0%	COM	974250102
NNI	NELNET INC	53,465	$3,221	3.7%	$56.25	+8.8%	CL A	64031N108
SPB	SPECTRUM BRANDS HLDGS INC NE	49,549	$2,832	3.2%	$54.83	0.0%	COM	84790A105
DLAPQ	DELTA APPAREL INC	191,852	$2,734	3.1%	$22.57	-38.6%	COM	247368103
GOOGL	ALPHABET INC	1,536	$2,251	2.6%	$54.25	+39.4%	CAP STK CL A	02079K305
FE	FIRSTENERGY CORP	75,259	$2,161	2.5%	$25.02	0.0%	COM	337932107
TBHC	KIRKLANDS INC	233,666	$1,918	2.2%	$6.50	0.0%	COM	497498105
NODK	NI HLDGS INC	108,264	$1,829	2.1%	$16.54	-2.7%	COM	65342T106
—	HOEGH LNG PARTNERS LP	160,000	$1,698	1.9%	$11.20	—	COM UNIT LTD	Y3262R100
—	HORIZON THERAPEUTICS PUB L	18,400	$1,429	1.6%	$77.66	—	SHS	G46188101
TPB	TURNING PT BRANDS INC	48,760	$1,360	1.5%	$23.36	+25.8%	COM	90041L105
—	SIRIUS INTERNATIONAL INSURAN	112,497	$1,300	1.5%	$11.56	—	COM	G8196D101
FIZZ	NATIONAL BEVERAGE CORP	18,900	$1,285	1.5%	$28.90	0.0%	COM	635017106
—	FRONT YD RESIDENTIAL CORP	143,145	$1,251	1.4%	$8.74	—	COM	35904G107
ZUMZ	ZUMIEZ INC	44,190	$1,229	1.4%	$26.15	0.0%	COM	989817101
TLYS	TILLYS INC	176,609	$1,065	1.2%	$4.55	+22.1%	CL A	886885102
—	ATLANTIC POWER CORP	537,378	$1,053	1.2%	$2.27	—	COM NEW	04878Q863
—	VECTOR GROUP LTD	105,579	$1,023	1.2%	$9.69	—	COM	92240M108
PKE	PARK AEROSPACE CORP	88,319	$964	1.1%	$11.22	0.0%	COM	70014A104
—	OAKTREE SPECIALTY LENDING CO	174,102	$843	1.0%	$4.71	—	COM	67401P108
PCG	PG&E CORP	85,546	$803	0.9%	$9.16	0.0%	COM	69331C108
—	BRISTOL-MYERS SQUIBB CO	343,545	$773	0.9%	$3.50	—	RIGHT 99/99/9999	110122157
SFBC	SOUND FINL BANCORP INC	18,057	$535	0.6%	$26.09	-6.1%	COM	83607A100
—	AMBAC FINL GROUP INC	23,120	$126	0.1%	$5.32	—	*W EXP 04/30/202	023139116