Western Standard LLC Quant / Systematic

CIK: 0001517666 · Show all filings

Period: Q3 2021 (← Previous) (Next →)

Filing Date: Nov 15, 2021

Total Value ($000): $175,780 (93.5% shares, 6.5% debt)

Holdings (32)

— IHS MARKIT LTD 15.6%

Value ($000) $27,475 Shares 235,591 Est. Cost $116.62 Unrealized —

— MARLIN BUSINESS SVCS CORP 14.1%

Value ($000) $24,708 Shares 1,111,479 Est. Cost $19.53 Unrealized —

— ACCELERON PHARMA INC 8.3%

Value ($000) $14,627 Shares 84,990 Est. Cost $158.38 Unrealized —

— FORUM ENERGY TECHNOLOGIES IN 6.5%

Value ($000) $11,392 Shares 12,057,273 Est. Cost $0.73 Unrealized —

— PFSWEB INC 4.5%

Value ($000) $7,926 Shares 614,439 Est. Cost $7.38 Unrealized —

DLAPQ DELTA APPAREL INC 3.7%

Value ($000) $6,471 Shares 236,946 Est. Cost $24.26 Unrealized +25.1%

— MERRIMACK PHARMACEUTICALS IN 3.5%

Value ($000) $6,132 Shares 1,269,558 Est. Cost $5.45 Unrealized —

— DECARBONIZATION PLUS ACQU II 3.5%

Value ($000) $6,127 Shares 609,604 Est. Cost $10.05 Unrealized —

— VECTOR GROUP LTD 3.5%

Value ($000) $6,067 Shares 475,810 Est. Cost $11.83 Unrealized —

RMR RMR GROUP INC 3.4%

Value ($000) $5,930 Shares 177,279 Est. Cost $23.34 Unrealized +3.2%

AMWD AMERICAN WOODMARK CORPORATIO 3.2%

Value ($000) $5,543 Shares 84,795 Est. Cost $73.42 Unrealized 0.0%

MCS MARCUS CORP DEL 3.0%

Value ($000) $5,262 Shares 301,537 Est. Cost $11.00 Unrealized +48.2%

— SHAW COMMUNICATIONS INC 2.9%

Value ($000) $5,099 Shares 175,600 Est. Cost $29.04 Unrealized —

— PAE INC 2.8%

Value ($000) $4,904 Shares 820,137 Est. Cost $7.81 Unrealized —

FET FORUM ENERGY TECHNOLOGIES IN 2.7%

Value ($000) $4,671 Shares 207,215 Est. Cost $21.15 Unrealized -2.7%

— FTS INTERNATIONAL INC 2.7%

Value ($000) $4,671 Shares 189,867 Est. Cost $24.67 Unrealized —

— TRILLIUM THERAPEUTICS INC 2.7%

Value ($000) $4,660 Shares 265,355 Est. Cost $17.56 Unrealized —

GOOGL ALPHABET INC 2.0%

Value ($000) $3,564 Shares 1,333 Est. Cost $57.57 Unrealized +134.6%

PKE PARK AEROSPACE CORP 1.8%

Value ($000) $3,087 Shares 225,663 Est. Cost $13.25 Unrealized +10.7%

— POWER & DIGITAL INFRA ACQ CO 1.4%

Value ($000) $2,535 Shares 250,762 Est. Cost $10.11 Unrealized —

OFS OFS CAP CORP 1.4%

Value ($000) $2,478 Shares 239,154 Est. Cost $7.50 Unrealized +33.3%

— PG&E CORP 1.3%

Value ($000) $2,281 Shares 23,860 Est. Cost $99.26 Unrealized —

NODK NI HLDGS INC 1.1%

Value ($000) $1,943 Shares 110,661 Est. Cost $17.13 Unrealized +11.7%

IWM ISHARES TR 0.9%

Value ($000) $1,633 Shares 219,100 Est. Cost — Unrealized —

DXLG DESTINATION XL GROUP INC 0.8%

Value ($000) $1,489 Shares 243,266 Est. Cost $5.24 Unrealized 0.0%

PCG PG&E CORP 0.8%

Value ($000) $1,416 Shares 147,546 Est. Cost $10.07 Unrealized -7.3%

— STRATA SKIN SCIENCES INC 0.5%

Value ($000) $875 Shares 475,380 Est. Cost $1.84 Unrealized —

AAMI BRIGHTSPHERE INVT GROUP INC 0.5%

Value ($000) $874 Shares 33,437 Est. Cost $18.86 Unrealized +35.5%

— OLD POINT FINL CORP 0.5%

Value ($000) $867 Shares 40,805 Est. Cost $24.44 Unrealized —

VLGEA VILLAGE SUPER MKT INC 0.4%

Value ($000) $733 Shares 33,801 Est. Cost $22.54 Unrealized 0.0%

SPY SPDR S&P 500 ETF TR 0.2%

Value ($000) $311 Shares 25,000 Est. Cost — Unrealized —

PCG PG&E CORP 0.0%

Value ($000) $29 Shares 156,500 Est. Cost $10.07 Unrealized -7.3%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
—	IHS MARKIT LTD	235,591	$27,475	15.6%	$116.62	—	SHS	G47567105
—	MARLIN BUSINESS SVCS CORP	1,111,479	$24,708	14.1%	$19.53	—	COM	571157106
—	ACCELERON PHARMA INC	84,990	$14,627	8.3%	$158.38	—	COM	00434H108
—	FORUM ENERGY TECHNOLOGIES IN	12,057,273	$11,392	6.5%	$0.73	—	NOTE 9.000% 8/0	34984VAC4
—	PFSWEB INC	614,439	$7,926	4.5%	$7.38	—	COM NEW	717098206
DLAPQ	DELTA APPAREL INC	236,946	$6,471	3.7%	$24.26	+25.1%	COM	247368103
—	MERRIMACK PHARMACEUTICALS IN	1,269,558	$6,132	3.5%	$5.45	—	COM NEW	590328209
—	DECARBONIZATION PLUS ACQU II	609,604	$6,127	3.5%	$10.05	—	CLASS A COM	24279D105
—	VECTOR GROUP LTD	475,810	$6,067	3.5%	$11.83	—	COM	92240M108
RMR	RMR GROUP INC	177,279	$5,930	3.4%	$23.34	+3.2%	CL A	74967R106
AMWD	AMERICAN WOODMARK CORPORATIO	84,795	$5,543	3.2%	$73.42	0.0%	COM	030506109
MCS	MARCUS CORP DEL	301,537	$5,262	3.0%	$11.00	+48.2%	COM	566330106
—	SHAW COMMUNICATIONS INC	175,600	$5,099	2.9%	$29.04	—	CL B CONV	82028K200
—	PAE INC	820,137	$4,904	2.8%	$7.81	—	COM CL A	69290Y109
FET	FORUM ENERGY TECHNOLOGIES IN	207,215	$4,671	2.7%	$21.15	-2.7%	COM	34984V209
—	FTS INTERNATIONAL INC	189,867	$4,671	2.7%	$24.67	—	COM NEW CL A	30283W302
—	TRILLIUM THERAPEUTICS INC	265,355	$4,660	2.7%	$17.56	—	COM NEW	89620X506
GOOGL	ALPHABET INC	1,333	$3,564	2.0%	$57.57	+134.6%	CAP STK CL A	02079K305
PKE	PARK AEROSPACE CORP	225,663	$3,087	1.8%	$13.25	+10.7%	COM	70014A104
—	POWER & DIGITAL INFRA ACQ CO	250,762	$2,535	1.4%	$10.11	—	COM CL A	739190106
OFS	OFS CAP CORP	239,154	$2,478	1.4%	$7.50	+33.3%	COM	67103B100
—	PG&E CORP	23,860	$2,281	1.3%	$99.26	—	UNIT 99/99/9999	69331C140
NODK	NI HLDGS INC	110,661	$1,943	1.1%	$17.13	+11.7%	COM	65342T106
IWM	ISHARES TR	219,100	$1,633	0.9%	—	—	Put	464287655
DXLG	DESTINATION XL GROUP INC	243,266	$1,489	0.8%	$5.24	0.0%	COM	25065K104
PCG	PG&E CORP	147,546	$1,416	0.8%	$10.07	-7.3%	COM	69331C108
—	STRATA SKIN SCIENCES INC	475,380	$875	0.5%	$1.84	—	COM NEW	86272A206
AAMI	BRIGHTSPHERE INVT GROUP INC	33,437	$874	0.5%	$18.86	+35.5%	COM	10948W103
—	OLD POINT FINL CORP	40,805	$867	0.5%	$24.44	—	COM	680194107
VLGEA	VILLAGE SUPER MKT INC	33,801	$733	0.4%	$22.54	0.0%	CL A NEW	927107409
SPY	SPDR S&P 500 ETF TR	25,000	$311	0.2%	—	—	Put	78462F103
PCG	PG&E CORP	156,500	$29	0.0%	$10.07	-7.3%	Put	69331C108