Institutional Manager · CIK 0001056581
GENDELL JEFFREY L
Greenwich, CT · File #028-06950
Latest AUM
$5.76B
Positions
160
Top-10 Concentration
84.0%
Filings
9
Portfolio Value Over Time
2024-03
2024-06
2024-09
2024-12
2025-03
2025-06
2025-09
2025-12
Biggest QoQ Changes
Ranked by conviction flow (share change × current price) so mark-to-market moves don't dominate. Price effect column shows how much of the $ change was just the stock moving.
| Action | Issuer | Ticker / CUSIP | Δ Shares | Flow ($) | Price Effect |
|---|---|---|---|---|---|
| REDUCE | IES HOLDINGS INC | IESC | -82,094 | -$31.9M | -$48.5M |
| REDUCE | AVADEL PHARMACEUTICALS | G29687103 | -1,284,594 | -$27.7M | +$15.2M |
| EXITED | ISHARES RUSSELL 2000 ETF | 464287655 | -99,493 | -$24.1M | $0 |
| NEW | WHITE MOUNTAINS INSURANCE GP | G9618E107 | +11,094 | +$23.1M | $0 |
| ADD | OWENS CORNING | OC | +182,860 | +$20.5M | -$1.4M |
| ADD | LIBERTY ENERGY INC | LBRT | +749,994 | +$13.8M | +$130,326 |
| REDUCE | PEABODY ENERGY CORP | BTU | -332,401 | -$9.9M | +$1.5M |
| ADD | INNOSPEC INC | IOSP | +108,385 | +$8.3M | -$4,957 |
| ADD | GENWORTH FINANCIAL INC | 37247D106 | +914,711 | +$8.3M | +$65,434 |
| ADD | TUTOR PERINI CORP | TPC | +115,018 | +$7.7M | +$228,273 |
Sector Allocation
Filing History
- 13F COMBINATION REPORTQ/E Dec 2025160 pos · $5.76B
- 13F COMBINATION REPORTQ/E Sep 2025148 pos · $5.44B
- 13F COMBINATION REPORTQ/E Jun 2025118 pos · $3.77B
- 13F COMBINATION REPORTQ/E Mar 2025116 pos · $2.32B
- 13F COMBINATION REPORTQ/E Dec 2024130 pos · $3.19B
- 13F COMBINATION REPORTQ/E Sep 2024125 pos · $3.19B
- 13F COMBINATION REPORTQ/E Jun 2024150 pos · $2.86B
- 13F COMBINATION REPORTQ/E Mar 2024131 pos · $2.59B
- 13F COMBINATION REPORTQ/E Dec 2023113 pos · $1.76B
Top 20 Holdings — Dec 2025
| # | Issuer | Ticker | Shares | Value | % of Portfolio |
|---|---|---|---|---|---|
| 1 | IES HOLDINGS INC | IESC | 5,532,550 | $2.15B | 41.03% |
| 2 | IES HOLDINGS INC | IESC | 4,106,229 | $1.60B | 30.45% |
| 3 | IES HOLDINGS INC | IESC | 709,628 | $276.1M | 5.26% |
| 4 | OWENS CORNING | OC | 691,703 | $77.4M | 1.48% |
| 5 | ALPHA METALLURGICAL RESOURCE | 020764106 | 340,377 | $68.0M | 1.30% |
| 6 | AVADEL PHARMACEUTICALS | G29687103 | 2,859,475 | $61.6M | 1.17% |
| 7 | GENWORTH FINANCIAL INC | 37247D106 | 5,067,839 | $45.8M | 0.87% |
| 8 | WHITE MOUNTAINS INSURANCE GP | G9618E107 | 21,426 | $44.5M | 0.85% |
| 9 | TUTOR PERINI CORP | TPC | 615,266 | $41.2M | 0.79% |
| 10 | AVADEL PHARMACEUTICALS | G29687103 | 1,909,882 | $41.2M | 0.78% |
| 11 | MOHAWK INDUSTRIES INC | 608190104 | 340,894 | $37.3M | 0.71% |
| 12 | TRANSOCEAN LTD | RIG | 8,285,816 | $34.2M | 0.65% |
| 13 | SANDISK CORP | SNDK | 131,811 | $31.3M | 0.60% |
| 14 | LUMEN TECHNOLOGIES INC | LUMN | 4,022,830 | $31.3M | 0.60% |
| 15 | VANECK OIL SERVICES ETF | 92189H607 | 109,503 | $31.2M | 0.59% |
| 16 | ALPHA METALLURGICAL RESOURCE | 020764106 | 153,695 | $30.7M | 0.59% |
| 17 | MICRON TECHNOLOGY INC | MU | 107,530 | $30.7M | 0.59% |
| 18 | BLUELINX HOLDINGS INC | BXC | 485,715 | $29.8M | 0.57% |
| 19 | FLEX LTD | FLEX | 486,835 | $29.4M | 0.56% |
| 20 | WESTERN DIGITAL CORP | WDC | 157,996 | $27.2M | 0.52% |