Atlas FRM LLC Diversified Active

Location: GREENWICH, CT

CIK: 0001879898 · Show all filings

Period: Q1 2026 (← Previous)

Filing Date: May 14, 2026

Total Value ($000): $1,527,299 (100.0% shares, 0.0% debt)

Holdings (23)

New Positions (12)

FBIN FORTUNE BRANDS INNOVATIONS I 5.5%

Value ($000) $84,760 Shares 2,175,000 Est. Cost $56.84 Unrealized 0.0%

HRL HORMEL FOODS CORP 4.2%

Value ($000) $63,986 Shares 2,825,000 Est. Cost $24.24 Unrealized 0.0%

ATR APTARGROUP INC 2.9%

Value ($000) $44,107 Shares 350,000 Est. Cost $130.09 Unrealized 0.0%

LGIH LGI HOMES INC 1.7%

Value ($000) $25,299 Shares 640,000 Est. Cost $52.95 Unrealized 0.0%

GBX GREENBRIER COS INC 0.9%

Value ($000) $13,139 Shares 249,561 Est. Cost $52.49 Unrealized 0.0%

MBC MASTERBRAND INC 0.7%

Value ($000) $10,803 Shares 1,300,000 Est. Cost $12.15 Unrealized 0.0%

RYN RAYONIER INC 0.6%

Value ($000) $9,898 Shares 480,000 Est. Cost $20.62 Unrealized —

BLDR BUILDERS FIRSTSOURCE INC 0.4%

Value ($000) $6,339 Shares 77,000 Est. Cost $117.53 Unrealized 0.0%

WY WEYERHAEUSER CO 0.3%

Value ($000) $4,642 Shares 190,000 Est. Cost $23.80 Unrealized 0.0%

XLP SELECT SECTOR SPDR TR 0.3%

Value ($000) $4,099 Shares 50,000 Est. Cost $81.98 Unrealized —

WFG WEST FRASER TIMBER LTD 0.2%

Value ($000) $3,656 Shares 56,000 Est. Cost $69.34 Unrealized 0.0%

BCC BOISE CASCADE CO DEL 0.2%

Value ($000) $3,110 Shares 41,000 Est. Cost $83.74 Unrealized 0.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
FBIN	FORTUNE BRANDS INNOVATIONS I	2,175,000	$84,760	5.5%	$56.84	0.0%	COM	34964C106
HRL	HORMEL FOODS CORP	2,825,000	$63,986	4.2%	$24.24	0.0%	COM	440452100
ATR	APTARGROUP INC	350,000	$44,107	2.9%	$130.09	0.0%	COM	038336103
LGIH	LGI HOMES INC	640,000	$25,299	1.7%	$52.95	0.0%	COM	50187T106
GBX	GREENBRIER COS INC	249,561	$13,139	0.9%	$52.49	0.0%	COM	393657101
MBC	MASTERBRAND INC	1,300,000	$10,803	0.7%	$12.15	0.0%	COMMON STOCK	57638P104
RYN	RAYONIER INC	480,000	$9,898	0.6%	$20.62	—	COM	754907103
BLDR	BUILDERS FIRSTSOURCE INC	77,000	$6,339	0.4%	$117.53	0.0%	COM	12008R107
WY	WEYERHAEUSER CO	190,000	$4,642	0.3%	$23.80	0.0%	COM NEW	962166104
XLP	SELECT SECTOR SPDR TR	50,000	$4,099	0.3%	$81.98	—	STATE STREET CON	81369Y308
WFG	WEST FRASER TIMBER LTD	56,000	$3,656	0.2%	$69.34	0.0%	COM	952845105
BCC	BOISE CASCADE CO DEL	41,000	$3,110	0.2%	$83.74	0.0%	COM	09739D100

Increased Positions (7)

PKG PACKAGING CORP AMER 21.3%

Value ($000) $325,227 (+59.3%) Shares 1,532,500 (+54.8%) Est. Cost $205.75 Unrealized +10.0%

IP INTERNATIONAL PAPER CO 17.7%

Value ($000) $270,963 (+37.6%) Shares 7,590,000 (+51.8%) Est. Cost $39.03 Unrealized +12.2%

FCFS FIRSTCASH HOLDINGS INC 3.3%

Value ($000) $50,760 (+537.0%) Shares 270,000 (+440.0%) Est. Cost $170.40 Unrealized +1.8%

EZPW EZCORP INC 2.4%

Value ($000) $36,801 (+483.1%) Shares 1,450,000 (+346.2%) Est. Cost $21.91 Unrealized +4.0%

SUZ SUZANO S A 12.5%

Value ($000) $191,391 (+18.3%) Shares 19,120,000 (+10.4%) Est. Cost $10.82 Unrealized —

FND FLOOR & DECOR HLDGS INC 3.0%

Value ($000) $45,415 (+156.3%) Shares 894,000 (+207.2%) Est. Cost $68.28 Unrealized +2.4%

SLGN SILGAN HLDGS INC 2.2%

Value ($000) $33,756 (+391.9%) Shares 870,000 (+411.8%) Est. Cost $44.16 Unrealized +2.0%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
PKG	PACKAGING CORP AMER	1,532,500 (+54.8%)	$325,227 (+59.3%)	21.3%	$205.75	+10.0%	COM	695156109
IP	INTERNATIONAL PAPER CO	7,590,000 (+51.8%)	$270,963 (+37.6%)	17.7%	$39.03	+12.2%	COM	460146103
FCFS	FIRSTCASH HOLDINGS INC	270,000 (+440.0%)	$50,760 (+537.0%)	3.3%	$170.40	+1.8%	COM	33768G107
EZPW	EZCORP INC	1,450,000 (+346.2%)	$36,801 (+483.1%)	2.4%	$21.91	+4.0%	CL A NON VTG	302301106
SUZ	SUZANO S A	19,120,000 (+10.4%)	$191,391 (+18.3%)	12.5%	$10.82	—	SPON ADS	86959K105
FND	FLOOR & DECOR HLDGS INC	894,000 (+207.2%)	$45,415 (+156.3%)	3.0%	$68.28	+2.4%	CL A	339750101
SLGN	SILGAN HLDGS INC	870,000 (+411.8%)	$33,756 (+391.9%)	2.2%	$44.16	+2.0%	COM	827048109

Exited Positions (1)

SEE SEALED AIR CORP NEW 5.1%

Value ($000) $77,909 Shares 1,880,500 Est. Cost $33.60 Unrealized +24.4%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SEE	SEALED AIR CORP NEW	1,880,500	$77,909	5.1%	$33.60	+24.4%	—	81211K100

Unchanged Positions (4)

SLVM SYLVAMO CORP 17.5%

Value ($000) $266,638 Shares 6,312,454 Est. Cost $34.16 Unrealized +45.1%

AMWD AMERICAN WOODMARK CORP 0.8%

Value ($000) $11,790 Shares 296,000 Est. Cost $74.01 Unrealized -19.0%

MHK MOHAWK INDS INC 1.1%

Value ($000) $16,246 Shares 165,000 Est. Cost $132.13 Unrealized -6.5%

MERC MERCER INTL INC 0.3%

Value ($000) $4,473 Shares 3,150,000 Est. Cost $10.86 Unrealized -80.2%

Ticker	Issuer	Shares	Value ($000)	%	Est. Cost	Unrealized	Class	CUSIP
SLVM	SYLVAMO CORP	6,312,454	$266,638	17.5%	$34.16	+45.1%	COMMON STOCK	871332102
AMWD	AMERICAN WOODMARK CORP	296,000	$11,790	0.8%	$74.01	-19.0%	COM	030506109
MHK	MOHAWK INDS INC	165,000	$16,246	1.1%	$132.13	-6.5%	COM	608190104
MERC	MERCER INTL INC	3,150,000	$4,473	0.3%	$10.86	-80.2%	COM	588056101