Stackline Partners L.P. 13F annual report

Stackline Partners L.P. is an investment fund managing more than $134 million ran by Andrew Frank. There are currently 11 companies in Mr. Frank’s portfolio. The largest investments include Appian Corp and Primo Water, together worth $48.5 million.

$134 million Assets Under Management (AUM)

As of 7th November 2022, Stackline Partners L.P.’s top holding is 604,139 shares of Appian Corp currently worth over $24.7 million and making up 18.4% of the portfolio value. Relative to the number of outstanding shares of Appian Corp, Stackline Partners L.P. owns more than approximately 0.1% of the company. In addition, the fund holds 1,902,876 shares of Primo Water worth $23.9 million, whose value fell approximately 0.1% in the past six months. The third-largest holding is PTC Inc worth $17.5 million and the next is Trinity Inds Inc worth $12.6 million, with 589,491 shares owned.

Currently, Stackline Partners L.P.'s portfolio is worth at least $134 million. The total portfolio value may be much higher due to cash assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.

Careers at Stackline Partners L.P.

The Stackline Partners L.P. office and employees reside in New York, New York. According to the last 13-F report filed with the SEC, Andrew Frank serves as the Chief Compliance Officer at Stackline Partners L.P..

Recent trades

In the most recent 13F filing, Stackline Partners L.P. revealed that it had increased its stake in Appian Corp and bought 69,655 additional shares worth around $3 million. This means they effectively own approximately 0.1% of the company. Appian Corp makes up 58.5% of the fund's Technology sector allocation and has decreased its share price by approximately 0.1% in the past year.

On the other hand, there are companies that Stackline Partners L.P. is getting rid of from its portfolio. Stackline Partners L.P. closed its position in frontdoor, inc on 14th November 2022. It sold the previously owned 619,922 shares for $14.9 million. Andrew Frank also disclosed a decreased stake in Primo Water by 0.2%. This leaves the value of the investment at $23.9 million and 1,902,876 shares.

One of the smallest hedge funds

The two most similar investment funds to Stackline Partners L.P. are Eidelman Virant Capital and Petiole Usa Ltd. They manage $134 million and $134 million respectively.

Andrew Frank investment strategy

Stackline Partners L.P.’s portfolio is diversified across 6 sectors. Currently, their heaviest sector is Technology — making up 31.4% of the total portfolio value. The fund focuses on investments in the United States as 63.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are large-cap stocks. Stocks with a size of more than $10 billion in market cap make up 9% of the total holdings value. On the other hand, small-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $5.4 billion.

The complete list of Stackline Partners L.P. trades based on 13F SEC filings

These positions were updated on November 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.

Security	Shares Owned	Value	Allocation
Appian Corp	13.03% 604,139	$24,667,000	18.36%
Primo Water Corporation	15.02% 1,902,876	$23,881,000	17.78%
PTC Inc	27.55% 167,204	$17,490,000	13.02%
frontdoor, inc.	Closed 619,922	$14,928,000
Trinity Inds Inc	16.91% 589,491	$12,586,000	9.37%
New York Times Co.	21.89% 408,257	$11,738,000	8.74%
Kirby Corp.	20.28% 188,652	$11,464,000	8.53%
RH	32.45% 44,900	$11,049,000	8.23%
LGI Homes Inc	26.98% 120,344	$9,792,000	7.29%
Farfetch Ltd	8.94% 725,139	$5,402,000	4.02%
Thredup Inc	35.41% 2,109,312	$3,881,000	2.89%
Ferguson Plc New	55.01% 23,133	$2,381,000	1.77%
No transactions found
Showing first 500 out of 12 holdings