Sandbar Asset Management LLP's Q1 2022 13F: 16 new positions, 26 exits
Form 13F-HR for the quarter ended Mar 31, 2022 · filed May 13, 2022 · 47 reported positions · accession 0001756870-22-000004
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Reduced | CF INDS HLDGS INC (CF) | 3.5% | 1.5% | −2.0 pts | −73,755 sh | −75% |
| Exited | GENERAL MTRS CO (GM) | 4.4% | — | −4.4 pts | −149K sh | −100% |
| New | DELTA AIR LINES INC DEL (DAL) | — | 4.3% | +4.3 pts | +182K sh | new |
| Exited | LAUDER ESTEE COS INC (EL) | 4.3% | — | −4.3 pts | −23,158 sh | −100% |
| Increased | HOWMET AEROSPACE INC (HWM) | 2.0% | 7.0% | +5.0 pts | +196K sh | +153% |
| Reduced | CROWN HLDGS INC (CCK) | 3.0% | 0.6% | −2.3 pts | −45,398 sh | −84% |
| New | MANPOWERGROUP INC WIS (MAN) | — | 3.3% | +3.3 pts | +58,457 sh | new |
| New | DEERE & CO (DE) | — | 2.5% | +2.5 pts | +10,124 sh | new |
| Exited | LINDE PLC (LIN) | 2.3% | — | −2.3 pts | −13,399 sh | −100% |
| New | DUPONT DE NEMOURS INC (DD) | — | 2.2% | +2.2 pts | +49,188 sh | new |
| Exited | MASCO CORP (MAS) | 2.1% | — | −2.1 pts | −58,959 sh | −100% |
| Exited | HUNTSMAN CORP (HUN) | 2.0% | — | −2.0 pts | −115K sh | −100% |
| New | SONOCO PRODS CO (SON) | — | 1.9% | +1.9 pts | +51,283 sh | new |
| Reduced | OLIN CORP (OLN) | 2.3% | 0.6% | −1.7 pts | −59,861 sh | −75% |
| Reduced | FREEPORT-MCMORAN INC (FCX) | 1.9% | 1.0% | −1.0 pts | −60,681 sh | −65% |
| Increased | APTIV PLC (APTV) | 0.9% | 2.5% | +1.7 pts | +24,596 sh | +237% |
| Exited | WESTLAKE CHEM CORP (WLK) | 1.7% | — | −1.7 pts | −36,049 sh | −100% |
| Exited | EATON CORP PLC (ETN) | 1.7% | — | −1.7 pts | −20,046 sh | −100% |
| Reduced | FIRST SOLAR INC (FSLR) | 1.7% | 0.6% | −1.1 pts | −27,260 sh | −68% |
| New | XPO LOGISTICS INC (XPO) | — | 1.4% | +1.4 pts | +31,132 sh | new |
| Exited | ADVANCED MICRO DEVICES INC (AMD) | 1.3% | — | −1.3 pts | −18,674 sh | −100% |
| Increased | WESTROCK CO (WRK) | 2.0% | 3.9% | +1.9 pts | +45,816 sh | +50% |
| New | AIR PRODS & CHEMS INC (APD) | — | 1.3% | +1.3 pts | +8,498 sh | new |
| Reduced | CATERPILLAR INC (CAT) | 3.0% | 2.6% | −0.4 pts | −9,403 sh | −33% |
| Reduced | SEALED AIR CORP NEW (SEE) | 1.5% | 0.6% | −0.9 pts | −30,725 sh | −68% |
| New | WESCO INTL INC (WCC) | — | 1.2% | +1.2 pts | +15,750 sh | new |
| New | DOW INC (DOW) | — | 1.2% | +1.2 pts | +31,956 sh | new |
| New | CUMMINS INC (CMI) | — | 1.2% | +1.2 pts | +9,476 sh | new |
| Exited | RAYTHEON TECHNOLOGIES CORP (RTX) | 1.2% | — | −1.2 pts | −26,973 sh | −100% |
| Exited | SHERWIN WILLIAMS CO (SHW) | 1.1% | — | −1.1 pts | −6,485 sh | −100% |
| Exited | FORD MTR CO DEL (F) | 1.1% | — | −1.1 pts | −109K sh | −100% |
| Increased | DANA INC (DAN) | 0.9% | 1.9% | +1.0 pts | +98,765 sh | +128% |
| Increased | UNITED RENTALS INC (URI) | 1.7% | 3.1% | +1.4 pts | +4,375 sh | +43% |
| Exited | TERMINIX GLOBAL HOLDINGS INC (TMX) | 0.9% | — | −0.9 pts | −39,572 sh | −100% |
| New | ARCBEST CORP (ARCB) | — | 0.9% | +0.9 pts | +18,052 sh | new |
| Increased | GRAPHIC PACKAGING HLDG CO (GPK) | 14.3% | 18.5% | +4.2 pts | +71,222 sh | +5% |
| New | RYANAIR HOLDINGS PLC (RYAAY) | — | 0.9% | +0.9 pts | +16,369 sh | new |
| New | FLOWSERVE CORP (FLS) | — | 0.8% | +0.8 pts | +36,786 sh | new |
| Reduced | ALCOA CORP (AA) | 0.6% | 0.3% | −0.3 pts | −13,854 sh | −70% |
| Exited | BLOOM ENERGY CORP (BE) | 0.7% | — | −0.7 pts | −64,536 sh | −100% |
| Increased | C H ROBINSON WORLDWIDE INC (CHRW) | 0.6% | 1.4% | +0.8 pts | +10,774 sh | +97% |
| Exited | SUNNOVA ENERGY INTL INC. (NOVAQ) | 0.7% | — | −0.7 pts | −49,088 sh | −100% |
| Reduced | FEDEX CORP (FDX) | 0.9% | 0.3% | −0.6 pts | −4,892 sh | −69% |
| Reduced | ALASKA AIR GROUP INC (ALK) | 2.0% | 2.0% | 0.0 pts | −18,572 sh | −24% |
| Increased | INTERNATIONAL FLAVORS&FRAGRA (IFF) | 6.0% | 6.9% | +0.9 pts | +8,156 sh | +10% |
| Reduced | ROBERT HALF INTL INC (RHI) | 1.5% | 1.2% | −0.3 pts | −9,332 sh | −35% |
| Exited | NORFOLK SOUTHN CORP (NSC) | 0.6% | — | −0.6 pts | −4,031 sh | −100% |
| Exited | SUMMIT MATLS INC (SUM) | 0.6% | — | −0.6 pts | −29,504 sh | −100% |
| Exited | TRIUMPH GROUP INC NEW (TGI) | 0.6% | — | −0.6 pts | −63,142 sh | −100% |
| Exited | TRONOX HOLDINGS PLC (TROX) | 0.6% | — | −0.6 pts | −48,450 sh | −100% |
The 50 largest of 73 changes, by size of the trade. Full holdings for this quarter.
Reported by the fund in its Form 13F filed with the SEC; holdings are as of the quarter-end report date and may have changed since. For informational purposes only — not investment advice or a recommendation to buy or sell any security. FilingExplorer is not affiliated with or endorsed by this fund. How this brief is compiled
Top 10 positions — 57.0% of the equity book
Changes in the top 10 this quarter: HWM entered · DAL entered · WRK entered · MAN entered · URI entered · GM left · EL left · CF left · CCK left · LIN left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | GRAPHIC PACKAGING HLDG CO (GPK) | 14.3% | 18.5% | |
| 2 | HOWMET AEROSPACE INC (HWM) | 2.0% | 7.0% | Entered the top 10 |
| 3 | INTERNATIONAL FLAVORS&FRAGRA (IFF) | 6.0% | 6.9% | |
| 4 | SENSIENT TECHNOLOGIES CORP (SXT) | 3.8% | 4.4% | |
| 5 | DELTA AIR LINES INC DEL (DAL) | 0.0% | 4.3% | Entered the top 10 |
| 6 | WESTROCK CO (WRK) | 2.0% | 3.9% | Entered the top 10 |
| 7 | MANPOWERGROUP INC WIS (MAN) | 0.0% | 3.3% | Entered the top 10 |
| 8 | UNITED RENTALS INC (URI) | 1.7% | 3.1% | Entered the top 10 |
| 9 | LOUISIANA PAC CORP (LPX) | 3.0% | 2.9% | |
| 10 | CATERPILLAR INC (CAT) | 3.0% | 2.6% | |
| — | GENERAL MTRS CO (GM) | 4.4% | 0.0% | Left the top 10 |
| — | LAUDER ESTEE COS INC (EL) | 4.3% | 0.0% | Left the top 10 |
| — | CF INDS HLDGS INC (CF) | 3.5% | 1.5% | Left the top 10 |
| — | CROWN HLDGS INC (CCK) | 3.0% | 0.6% | Left the top 10 |
| — | LINDE PLC (LIN) | 2.3% | 0.0% | Left the top 10 |
Weights are each position's reported value as a share of the fund's reported equity positions (options and principal-amount holdings excluded).