Soapstone Management L P's Q4 2022 13F: 2 exits
Form 13F-HR for the quarter ended Dec 31, 2022 · filed Jan 25, 2023 · 18 reported positions · accession 0001398344-23-000963
What changed this quarter
| Activity | Security | Weight before | Weight now | Change | Shares | Shares % |
|---|---|---|---|---|---|---|
| Increased | NEOGEN CORP (NEOG) | 2.0% | 7.7% | +5.7 pts | +845K sh | +241% |
| Reduced | CACI INTL INC (CACI) | 7.2% | 4.2% | −3.0 pts | −34,995 sh | −51% |
| Reduced | LEIDOS HOLDINGS INC (LDOS) | 6.5% | 4.2% | −2.3 pts | −89,700 sh | −49% |
| Exited | RENAISSANCERE HLDGS LTD (RNR) | 3.6% | — | −3.6 pts | −63,750 sh | −100% |
| Reduced | BUILDERS FIRSTSOURCE INC (BLDR) | 9.5% | 8.1% | −1.4 pts | −105K sh | −26% |
| Reduced | SCHWAB CHARLES CORP (SCHW) | 10.8% | 11.2% | +0.4 pts | −55,000 sh | −15% |
| Reduced | EQUITABLE HLDGS INC (EQH) | 8.5% | 7.9% | −0.6 pts | −150K sh | −19% |
| Increased | AMAZON COM INC (AMZN) | 6.1% | 6.4% | +0.3 pts | +46,250 sh | +34% |
| Reduced | CONSTELLATION ENERGY CORP (CEG) | 10.9% | 10.4% | −0.5 pts | −40,000 sh | −12% |
| Reduced | SENDAS DISTRIBUIDORA S A (ASAIY) | 6.5% | 6.8% | +0.3 pts | −118K sh | −12% |
| Increased | ALPHABET INC (GOOGL) | 2.6% | 3.3% | +0.8 pts | +22,750 sh | +34% |
| Exited | DIAMONDBACK ENERGY INC (FANG) | 0.8% | — | −0.8 pts | −15,650 sh | −100% |
| Reduced | BALL CORP (BALL) | 6.3% | 6.6% | +0.3 pts | −18,467 sh | −6% |
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 — 78.3% of the equity book
Changes in the top 10 this quarter: NEOG entered · DOOR entered · CACI left · LDOS left
| # | Security | Weight before | Weight now | |
|---|---|---|---|---|
| 1 | SCHWAB CHARLES CORP (SCHW) | 10.8% | 11.2% | |
| 2 | CONSTELLATION ENERGY CORP (CEG) | 10.9% | 10.4% | |
| 3 | BUILDERS FIRSTSOURCE INC (BLDR) | 9.5% | 8.1% | |
| 4 | EQUITABLE HLDGS INC (EQH) | 8.5% | 7.9% | |
| 5 | NEOGEN CORP (NEOG) | 2.0% | 7.7% | Entered the top 10 |
| 6 | OLIN CORP (OLN) | 5.6% | 7.3% | |
| 7 | SENDAS DISTRIBUIDORA S A (ASAIY) | 6.5% | 6.8% | |
| 8 | BALL CORP (BALL) | 6.3% | 6.6% | |
| 9 | AMAZON COM INC (AMZN) | 6.1% | 6.4% | |
| 10 | MASONITE INTL CORP (DOOR) | 5.0% | 5.9% | Entered the top 10 |
| — | CACI INTL INC (CACI) | 7.2% | 4.2% | Left the top 10 |
| — | LEIDOS HOLDINGS INC (LDOS) | 6.5% | 4.2% | 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).
Option positions (puts and calls)
Reported separately from the positions above. The value a 13F reports for an option is that of the underlying shares, not the option itself.
| Activity | Security | Type | Shares before | Shares now | Reported value |
|---|---|---|---|---|---|
| Exited | ISHARES INC (EWZ) | Put | 263K | 0 | $0 |