Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q1 2021 (← Previous) (Next →)

Filing Date: May 17, 2021

Total Value ($000): $140,306 (92.8% shares, 7.2% debt)

Holdings (30)

— ALEXION PHARMACEUTICALS INC 14.7%

Value ($000) $20,633 Shares 134,935 Est. Cost $152.91 Unrealized —

— VARIAN MED SYS INC 12.8%

Value ($000) $17,935 Shares 101,600 Est. Cost $176.53 Unrealized —

— SLACK TECHNOLOGIES INC 9.1%

Value ($000) $12,720 Shares 313,080 Est. Cost $40.63 Unrealized —

— FORUM ENERGY TECHNOLOGIES IN 7.2%

Value ($000) $10,076 Shares 10,662,273 Est. Cost $0.69 Unrealized —

— MERRIMACK PHARMACEUTICALS IN 4.5%

Value ($000) $6,353 Shares 1,011,571 Est. Cost $5.21 Unrealized —

MCS MARCUS CORP DEL 4.3%

Value ($000) $6,077 Shares 303,986 Est. Cost $10.12 Unrealized +82.4%

— ATLANTIC POWER CORP 4.3%

Value ($000) $5,998 Shares 2,075,444 Est. Cost $2.73 Unrealized —

— VECTOR GROUP LTD 4.1%

Value ($000) $5,704 Shares 408,862 Est. Cost $11.26 Unrealized —

RMR RMR GROUP INC 3.6%

Value ($000) $4,998 Shares 122,469 Est. Cost $23.14 Unrealized +0.7%

DLAPQ DELTA APPAREL INC 3.4%

Value ($000) $4,772 Shares 175,887 Est. Cost $22.10 Unrealized +11.0%

— MARLIN BUSINESS SVCS CORP 3.3%

Value ($000) $4,680 Shares 343,093 Est. Cost $12.91 Unrealized —

— BONANZA CREEK ENERGY INC 2.6%

Value ($000) $3,652 Shares 102,200 Est. Cost $20.16 Unrealized —

WINA WINMARK CORP 2.5%

Value ($000) $3,495 Shares 18,745 Est. Cost $159.01 Unrealized +14.3%

TLYS TILLYS INC 2.5%

Value ($000) $3,473 Shares 306,795 Est. Cost $5.51 Unrealized +71.3%

ILPT INDUSTRIAL LOGISTICS PPTYS T 2.4%

Value ($000) $3,324 Shares 143,710 Est. Cost $20.01 Unrealized —

GOOGL ALPHABET INC 2.2%

Value ($000) $3,112 Shares 1,509 Est. Cost $56.33 Unrealized +73.9%

— GORES HLDGS V INC 2.2%

Value ($000) $3,017 Shares 302,294 Est. Cost $9.98 Unrealized —

AAMI BRIGHTSPHERE INVT GROUP INC 2.1%

Value ($000) $2,903 Shares 142,449 Est. Cost $16.68 Unrealized +17.2%

NNI NELNET INC 1.8%

Value ($000) $2,463 Shares 33,866 Est. Cost $56.25 Unrealized +28.8%

— FTS INTERNATIONAL INC 1.7%

Value ($000) $2,353 Shares 95,116 Est. Cost $24.74 Unrealized —

OFS OFS CAP CORP 1.6%

Value ($000) $2,182 Shares 248,548 Est. Cost $7.08 Unrealized +10.3%

— MACQUARIE INFRASTRUCTURE COR 1.4%

Value ($000) $2,004 Shares 63,000 Est. Cost $37.54 Unrealized —

NODK NI HLDGS INC 1.2%

Value ($000) $1,627 Shares 88,061 Est. Cost $16.61 Unrealized +7.7%

PCG PG&E CORP 1.1%

Value ($000) $1,601 Shares 136,746 Est. Cost $10.02 Unrealized +14.5%

PKE PARK AEROSPACE CORP 1.0%

Value ($000) $1,397 Shares 105,698 Est. Cost $11.65 Unrealized +20.8%

CNK CINEMARK HLDGS INC 0.9%

Value ($000) $1,206 Shares 59,100 Est. Cost $12.42 Unrealized +67.8%

— OAKTREE SPECIALTY LENDING CO 0.8%

Value ($000) $1,155 Shares 186,302 Est. Cost $4.79 Unrealized —

IWM ISHARES TR 0.5%

Value ($000) $733 Shares 100,000 Est. Cost — Unrealized —

— FINSERV ACQUISITION CORP 0.4%

Value ($000) $548 Shares 41,817 Est. Cost $13.10 Unrealized —

— CEL-SCI CORP 0.1%

Value ($000) $115 Shares 99,400 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALEXION PHARMACEUTICALS INC	134,935	$20,633	14.7%	$152.91	—	COM	015351109
—	VARIAN MED SYS INC	101,600	$17,935	12.8%	$176.53	—	COM	92220P105
—	SLACK TECHNOLOGIES INC	313,080	$12,720	9.1%	$40.63	—	COM CL A	83088V102
—	FORUM ENERGY TECHNOLOGIES IN	10,662,273	$10,076	7.2%	$0.69	—	NOTE 9.000% 8/0	34984VAC4
—	MERRIMACK PHARMACEUTICALS IN	1,011,571	$6,353	4.5%	$5.21	—	COM NEW	590328209
MCS	MARCUS CORP DEL	303,986	$6,077	4.3%	$10.12	+82.4%	COM	566330106
—	ATLANTIC POWER CORP	2,075,444	$5,998	4.3%	$2.73	—	COM NEW	04878Q863
—	VECTOR GROUP LTD	408,862	$5,704	4.1%	$11.26	—	COM	92240M108
RMR	RMR GROUP INC	122,469	$4,998	3.6%	$23.14	+0.7%	CL A	74967R106
DLAPQ	DELTA APPAREL INC	175,887	$4,772	3.4%	$22.10	+11.0%	COM	247368103
—	MARLIN BUSINESS SVCS CORP	343,093	$4,680	3.3%	$12.91	—	COM	571157106
—	BONANZA CREEK ENERGY INC	102,200	$3,652	2.6%	$20.16	—	COM NEW	097793400
WINA	WINMARK CORP	18,745	$3,495	2.5%	$159.01	+14.3%	COM	974250102
TLYS	TILLYS INC	306,795	$3,473	2.5%	$5.51	+71.3%	CL A	886885102
ILPT	INDUSTRIAL LOGISTICS PPTYS T	143,710	$3,324	2.4%	$20.01	—	COM SHS BEN INT	456237106
GOOGL	ALPHABET INC	1,509	$3,112	2.2%	$56.33	+73.9%	CAP STK CL A	02079K305
—	GORES HLDGS V INC	302,294	$3,017	2.2%	$9.98	—	COM CL A	382864106
AAMI	BRIGHTSPHERE INVT GROUP INC	142,449	$2,903	2.1%	$16.68	+17.2%	COM	10948W103
NNI	NELNET INC	33,866	$2,463	1.8%	$56.25	+28.8%	CL A	64031N108
—	FTS INTERNATIONAL INC	95,116	$2,353	1.7%	$24.74	—	COM NEW CL A	30283W302
OFS	OFS CAP CORP	248,548	$2,182	1.6%	$7.08	+10.3%	COM	67103B100
—	MACQUARIE INFRASTRUCTURE COR	63,000	$2,004	1.4%	$37.54	—	COM	55608B105
NODK	NI HLDGS INC	88,061	$1,627	1.2%	$16.61	+7.7%	COM	65342T106
PCG	PG&E CORP	136,746	$1,601	1.1%	$10.02	+14.5%	COM	69331C108
PKE	PARK AEROSPACE CORP	105,698	$1,397	1.0%	$11.65	+20.8%	COM	70014A104
CNK	CINEMARK HLDGS INC	59,100	$1,206	0.9%	$12.42	+67.8%	COM	17243V102
—	OAKTREE SPECIALTY LENDING CO	186,302	$1,155	0.8%	$4.79	—	COM	67401P108
IWM	ISHARES TR	100,000	$733	0.5%	—	—	Put	464287655
—	FINSERV ACQUISITION CORP	41,817	$548	0.4%	$13.10	—	CL A	318085107
—	CEL-SCI CORP	99,400	$115	0.1%	—	—	Put	150837607