Adirondack Research and Management Inc. Q2 2021 vs. Q3 2021 13F Holdings Comparison

The Q2 2021 vs. Q3 2021 13F holdings comparison for Adirondack Research and Management Inc. shows a lot of changes in shares and values. The fund's holdings were compared over two quarters, and the results are quite telling. This blog post will examine the data and discuss the possible reasons behind the changes.

Let's begin by comparing the shares and value of each company in the fund's portfolio. The fund held 484139 shares of Conduent Inc in Q2 2021, and the same number of shares in Q3 2021. However, the value of the shares decreased from $3631 thousand to $3190 thousand, representing a change of -12.1%. UNISYS CORP's shares decreased from 83813 to 75858, and the value decreased from $2121 thousand to $1907 thousand, representing a change of -10.1%.

On the other hand, Antero Resources Corp's shares increased from 80290 to 99690, and the value increased from $1207 thousand to $1875 thousand, representing a change of 55.3%. Similarly, Trustco BK Corp N Y's shares increased from 36947 to 49446, and the value increased from $1270 thousand to $1581 thousand, representing a change of 24.5%.

There were some companies in the fund's portfolio that did not have any shares in Q2 2021 but had shares in Q3 2021. For example, Hillman Solutions Corp did not have any shares in Q2 2021 but had 126181 shares in Q3 2021, with a value of $1505 thousand. Similarly, Baxter Intl Inc did not have any shares in Q2 2021 but had 12597 shares in Q3 2021, with a value of $1013 thousand.

There were also some companies in the fund's portfolio that had shares in Q2 2021 but did not have any shares in Q3 2021. For example, CNX Res Corp had 0 shares in Q2 2021 but had 58400 shares in Q3 2021, with a value of $737 thousand. Ralph Lauren Corp had 7014 shares in Q2 2021 but did not have any shares in Q3 2021.

Overall, the Q2 2021 vs. Q3 2021 13F holdings comparison for Adirondack Research and Management Inc. shows a lot of changes in shares and values. Some companies had significant increases in shares and value, while others had significant decreases. There were also some companies with no shares in Q2 2021 but had shares in Q3 2021, and vice versa. The reasons behind these changes are unknown, but it is possible that the fund's managers made investment decisions based on market conditions and company performance.