Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q2 2021 (← Previous) (Next →)

Filing Date: Aug 16, 2021

Total Value ($000): $170,039 (93.1% shares, 6.9% debt)

Holdings (34)

— ALEXION PHARMACEUTICALS INC 15.6%

Value ($000) $26,451 Shares 143,982 Est. Cost $154.85 Unrealized —

— SLACK TECHNOLOGIES INC 12.2%

Value ($000) $20,696 Shares 467,184 Est. Cost $41.84 Unrealized —

— MARLIN BUSINESS SVCS CORP 9.5%

Value ($000) $16,128 Shares 708,623 Est. Cost $17.99 Unrealized —

— FORUM ENERGY TECHNOLOGIES IN 6.9%

Value ($000) $11,816 Shares 12,057,273 Est. Cost $0.73 Unrealized —

— MERRIMACK PHARMACEUTICALS IN 4.8%

Value ($000) $8,112 Shares 1,269,558 Est. Cost $5.45 Unrealized —

— VECTOR GROUP LTD 4.2%

Value ($000) $7,206 Shares 509,615 Est. Cost $11.83 Unrealized —

MCS MARCUS CORP DEL 4.1%

Value ($000) $7,027 Shares 331,286 Est. Cost $11.00 Unrealized +88.9%

RMR RMR GROUP INC 3.9%

Value ($000) $6,614 Shares 171,169 Est. Cost $23.32 Unrealized +1.9%

— PFSWEB INC 3.8%

Value ($000) $6,537 Shares 885,770 Est. Cost $7.38 Unrealized —

DLAPQ DELTA APPAREL INC 3.7%

Value ($000) $6,253 Shares 211,835 Est. Cost $23.54 Unrealized +30.0%

— EQUITY COMWLTH 3.4%

Value ($000) $5,705 Shares 217,767 Est. Cost $26.20 Unrealized —

AAMI BRIGHTSPHERE INVT GROUP INC 3.1%

Value ($000) $5,300 Shares 226,217 Est. Cost $18.86 Unrealized +19.7%

— PAE INC 2.7%

Value ($000) $4,581 Shares 514,686 Est. Cost $8.90 Unrealized —

GOOGL ALPHABET INC 2.2%

Value ($000) $3,763 Shares 1,541 Est. Cost $57.57 Unrealized +101.4%

— ACCELERON PHARMA INC 1.8%

Value ($000) $3,142 Shares 25,035 Est. Cost $125.50 Unrealized —

TLYS TILLYS INC 1.8%

Value ($000) $3,036 Shares 189,968 Est. Cost $5.51 Unrealized +116.9%

OFS OFS CAP CORP 1.8%

Value ($000) $3,025 Shares 303,712 Est. Cost $7.50 Unrealized +25.5%

— FTS INTERNATIONAL INC 1.6%

Value ($000) $2,703 Shares 95,559 Est. Cost $24.74 Unrealized —

NNI NELNET INC 1.5%

Value ($000) $2,473 Shares 32,876 Est. Cost $56.25 Unrealized +33.6%

FET FORUM ENERGY TECHNOLOGIES IN 1.5%

Value ($000) $2,473 Shares 105,316 Est. Cost $21.69 Unrealized 0.0%

NODK NI HLDGS INC 1.1%

Value ($000) $1,794 Shares 94,361 Est. Cost $16.78 Unrealized +14.8%

WINA WINMARK CORP 1.0%

Value ($000) $1,751 Shares 9,115 Est. Cost $159.01 Unrealized +22.3%

PKE PARK AEROSPACE CORP 1.0%

Value ($000) $1,662 Shares 111,546 Est. Cost $11.80 Unrealized +22.2%

MX MAGNACHIP SEMICONDUCTOR CORP 0.9%

Value ($000) $1,580 Shares 66,226 Est. Cost $24.52 Unrealized 0.0%

— PG&E CORP 0.9%

Value ($000) $1,527 Shares 15,060 Est. Cost $101.39 Unrealized —

PCG PG&E CORP 0.9%

Value ($000) $1,501 Shares 147,546 Est. Cost $10.07 Unrealized +5.4%

— AMERICAN NATIONAL GROUP INC 0.9%

Value ($000) $1,488 Shares 367,200 Est. Cost $149.08 Unrealized —

— SELECT INTERIOR CONCEPTS INC 0.7%

Value ($000) $1,270 Shares 135,055 Est. Cost $9.40 Unrealized —

CNK CINEMARK HLDGS INC 0.7%

Value ($000) $1,263 Shares 57,534 Est. Cost $12.42 Unrealized +76.4%

— OAKTREE SPECIALTY LENDING CO 0.7%

Value ($000) $1,214 Shares 181,402 Est. Cost $4.79 Unrealized —

IWM ISHARES TR 0.5%

Value ($000) $927 Shares 337,800 Est. Cost — Unrealized —

— OLD POINT FINL CORP 0.5%

Value ($000) $874 Shares 35,005 Est. Cost $24.97 Unrealized —

— AMERICAN NATIONAL GROUP INC 0.1%

Value ($000) $89 Shares 597 Est. Cost $149.08 Unrealized —

SPY SPDR S&P 500 ETF TR 0.0%

Value ($000) $58 Shares 40,000 Est. Cost — Unrealized —

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	ALEXION PHARMACEUTICALS INC	143,982	$26,451	15.6%	$154.85	—	COM	015351109
—	SLACK TECHNOLOGIES INC	467,184	$20,696	12.2%	$41.84	—	COM CL A	83088V102
—	MARLIN BUSINESS SVCS CORP	708,623	$16,128	9.5%	$17.99	—	COM	571157106
—	FORUM ENERGY TECHNOLOGIES IN	12,057,273	$11,816	6.9%	$0.73	—	NOTE 9.000% 8/0	34984VAC4
—	MERRIMACK PHARMACEUTICALS IN	1,269,558	$8,112	4.8%	$5.45	—	COM NEW	590328209
—	VECTOR GROUP LTD	509,615	$7,206	4.2%	$11.83	—	COM	92240M108
MCS	MARCUS CORP DEL	331,286	$7,027	4.1%	$11.00	+88.9%	COM	566330106
RMR	RMR GROUP INC	171,169	$6,614	3.9%	$23.32	+1.9%	CL A	74967R106
—	PFSWEB INC	885,770	$6,537	3.8%	$7.38	—	COM NEW	717098206
DLAPQ	DELTA APPAREL INC	211,835	$6,253	3.7%	$23.54	+30.0%	COM	247368103
—	EQUITY COMWLTH	217,767	$5,705	3.4%	$26.20	—	COM SH BEN INT	294628102
AAMI	BRIGHTSPHERE INVT GROUP INC	226,217	$5,300	3.1%	$18.86	+19.7%	COM	10948W103
—	PAE INC	514,686	$4,581	2.7%	$8.90	—	COM CL A	69290Y109
GOOGL	ALPHABET INC	1,541	$3,763	2.2%	$57.57	+101.4%	CAP STK CL A	02079K305
—	ACCELERON PHARMA INC	25,035	$3,142	1.8%	$125.50	—	COM	00434H108
TLYS	TILLYS INC	189,968	$3,036	1.8%	$5.51	+116.9%	CL A	886885102
OFS	OFS CAP CORP	303,712	$3,025	1.8%	$7.50	+25.5%	COM	67103B100
—	FTS INTERNATIONAL INC	95,559	$2,703	1.6%	$24.74	—	COM NEW CL A	30283W302
NNI	NELNET INC	32,876	$2,473	1.5%	$56.25	+33.6%	CL A	64031N108
FET	FORUM ENERGY TECHNOLOGIES IN	105,316	$2,473	1.5%	$21.69	0.0%	COM	34984V209
NODK	NI HLDGS INC	94,361	$1,794	1.1%	$16.78	+14.8%	COM	65342T106
WINA	WINMARK CORP	9,115	$1,751	1.0%	$159.01	+22.3%	COM	974250102
PKE	PARK AEROSPACE CORP	111,546	$1,662	1.0%	$11.80	+22.2%	COM	70014A104
MX	MAGNACHIP SEMICONDUCTOR CORP	66,226	$1,580	0.9%	$24.52	0.0%	COM	55933J203
—	PG&E CORP	15,060	$1,527	0.9%	$101.39	—	UNIT 99/99/9999	69331C140
PCG	PG&E CORP	147,546	$1,501	0.9%	$10.07	+5.4%	COM	69331C108
—	AMERICAN NATIONAL GROUP INC	367,200	$1,488	0.9%	$149.08	—	Call	02772A109
—	SELECT INTERIOR CONCEPTS INC	135,055	$1,270	0.7%	$9.40	—	CL A	816120307
CNK	CINEMARK HLDGS INC	57,534	$1,263	0.7%	$12.42	+76.4%	COM	17243V102
—	OAKTREE SPECIALTY LENDING CO	181,402	$1,214	0.7%	$4.79	—	COM	67401P108
IWM	ISHARES TR	337,800	$927	0.5%	—	—	Put	464287655
—	OLD POINT FINL CORP	35,005	$874	0.5%	$24.97	—	COM	680194107
—	AMERICAN NATIONAL GROUP INC	597	$89	0.1%	$149.08	—	COM NEW	02772A109
SPY	SPDR S&P 500 ETF TR	40,000	$58	0.0%	—	—	Put	78462F103