ROBOTTI ROBERT

Fundamental diversified ★Signal CIK 1105838
League rank
#929
in Fundamental diversified · #7386 overall
Long book
$641.2M
Q1 2026
Positions
59
Top-10 weight
70%
concentration
Last quarter
-3.2%
SPY +14.8%
Turnover
17%
of book per quarter

Strategy in plain words

auto-generated from filings

ROBOTTI ROBERT is a diversified fundamental manager, running a $641.2M US long book across 59 positions.

The portfolio is concentrated: the top 10 names carry 70% of the portfolio. Turnover is modest: positions are typically held for years. Current anchor positions: TIDEWATER INC, BUILDERS FIRSTSOURCE INC, FIVE POINT HOLDINGS LLC-CL A, LSB INDUSTRIES INC, WEST FRASER TIMBER CO LTD.

Over the last 9 quarters its long book ran on average 3.2pp per quarter behind the S&P 500, beating the index in 2 of 9 quarters. We rate its filings as signal-bearing: position changes reflect genuine views.

Implied long-book return vs S&P 500

methodology: positions priced quarterly, no shorts/options
Fund long book S&P 500
Q1 2024
-4.3%
Q2 2024
-1.1%
Q3 2024
-11.9%
Q4 2024
-10.4%
Q1 2025
+4.7%
Q2 2025
+12.7%
Q3 2025
-0.6%
Q4 2025
+25.7%
Q1 2026
-3.2%

Sector allocation

Industrials
48%
Other
11%
Consumer discretionary
9%
Real estate
8%
Materials
6%
Energy
5%
Technology
4%
Services media
4%

Long book by quarter

$736.9M
Q1 2024
$638.4M
Q2 2024
$657.0M
Q3 2024
$569.8M
Q4 2024
$499.1M
Q1 2025
$595.0M
Q2 2025
$576.4M
Q3 2025
$556.8M
Q4 2025
$641.2M
Q1 2026

What does ROBOTTI ROBERT own?

Q1 2026 13F
CompanySectorSharesValue% of bookChange
TDW TIDEWATER INCIndustrials2.9M$244.0M38.1%-1.1%
BLDR BUILDERS FIRSTSOURCE INCConsumer discretionary523.6K$43.1M6.7%+22.6%
FPH FIVE POINT HOLDINGS LLC-CL AReal estate7.0M$33.7M5.3%Held
LXU LSB INDUSTRIES INCMaterials2.1M$31.6M4.9%-36.2%
WFG WEST FRASER TIMBER CO LTDOther295.9K$19.3M3.0%-0.2%
WLK WESTLAKE CORPOther145.0K$16.9M2.6%-43.4%
CNQ CANADIAN NATURAL RESOURCESEnergy324.1K$15.8M2.5%-0.7%
CVCO CAVCO INDUSTRIES INCOther32.4K$15.7M2.4%+2.2%
AXR AMREP CORPReal estate521.8K$14.7M2.3%Held
AER AERCAP HOLDINGS NVServices media106.5K$14.6M2.3%-0.4%
JEF JEFFERIES FINANCIAL GROUP INFinancials328.0K$13.5M2.1%-0.3%
WDC WESTERN DIGITAL CORPTechnology46.5K$12.6M2.0%-45.1%
MT ARCELORMITTAL-NY REGISTEREDIndustrials236.6K$12.3M1.9%-30.2%
NVGS NAVIGATOR HOLDINGS LTDIndustrials535.5K$10.4M1.6%Held
IIIN INSTEEL INDUSTRIES INCIndustrials297.8K$10.0M1.6%-0.4%
TNL TRAVEL + LEISURE COServices media121.7K$8.4M1.3%-0.9%
LECO LINCOLN ELECTRIC HOLDINGSIndustrials33.4K$8.3M1.3%-33.0%
ABG ASBURY AUTOMOTIVE GROUPConsumer discretionary36.5K$7.1M1.1%+78.7%
NE NOBLE CORP PLCEnergy145.3K$7.1M1.1%-1.0%
ALSN ALLISON TRANSMISSION HOLDINGIndustrials58.4K$6.8M1.1%-0.4%
RDNT RADNET INCHealthcare120.5K$6.7M1.1%-34.5%
SKY CHAMPION HOMES INCOther90.3K$6.7M1.0%+29.0%
SDRL SEADRILL LIMITEDEnergy131.9K$6.0M0.9%+597.3%
SNDK SANDISK CORPTechnology9.3K$5.9M0.9%-51.6%
LPX LOUISIANA-PACIFIC CORPOther79.2K$5.8M0.9%-0.1%
CSIQ CANADIAN SOLAR INCTechnology398.1K$5.5M0.9%+16.2%
SMHI SEACOR MARINE HOLDINGS INCIndustrials767.9K$5.5M0.9%-8.9%
TECK TECK RESOURCES LTD-CLS BMaterials100.0K$5.2M0.8%Held
DAN DANA INCIndustrials151.2K$5.1M0.8%-1.8%
RYZ RYERSON HOLDING CORPConsumer discretionary192.3K$4.3M0.7%New
LEGH LEGACY HOUSING CORPOther181.4K$3.7M0.6%-4.5%
SPOT SPOTIFY TECHNOLOGY SACommunications7.5K$3.6M0.6%Held
ASO ACADEMY SPORTS & OUTDOORS INConsumer discretionary53.4K$3.0M0.5%-0.2%
UHAL/B U-HAUL HOLDING CO-NON VOTINGServices media47.0K$2.1M0.3%+17.5%
CACI CACI INTERNATIONAL INC -CL ATechnology3.6K$2.0M0.3%Held
RNGR RANGER ENERGY SERVICES-CL AEnergy100.0K$1.7M0.3%Held
PLPC PREFORMED LINE PRODUCTS COIndustrials5.9K$1.6M0.3%Held
HBM HUDBAY MINERALS INCMaterials55.0K$1.1M0.2%Held
MS MORGAN STANLEYFinancials6.5K$1.1M0.2%Held
AGI ALAMOS GOLD INC-CLASS AMaterials21.5K$955K0.1%-6.5%
GIB CGI INCServices media13.0K$950K0.1%-40.9%
AEIS ADVANCED ENERGY INDUSTRIESTechnology2.7K$878K0.1%Held
AMRZ AMRIZE LTDIndustrials15.0K$840K0.1%+36.4%
AEM AGNICO EAGLE MINES LTDMaterials3.8K$774K0.1%-22.2%
INSW INTERNATIONAL SEAWAYS INCIndustrials10.0K$729K0.1%Held
HGV HILTON GRAND VACATIONS INCServices media15.0K$587K0.1%Held
VAL VALARIS LTDEnergy4.2K$416K0.1%-92.2%
SLB SLB LTDEnergy8.0K$411K0.1%Held
LZM LIFEZONE METALS LTDMaterials100.0K$336K0.1%New
SENEA SENECA FOODS CORP - CL AConsumer staples2.0K$300K0.0%Held

13F filing history

PeriodFormFiledEntriesReported valueFlagsSource
Q1 202613F-HRMay 13, 202678$641.2M canonicalSEC ↗
Q4 202513F-HR/ARESTATEMENTFeb 19, 202679$556.8M canonicalSEC ↗
Q4 202513F-HRFeb 12, 202679$710.5M SEC ↗
Q3 202513F-HRNov 12, 202580$576.4M canonicalSEC ↗
Q2 202513F-HRAug 13, 202584$595.0M canonicalSEC ↗
Q1 202513F-HRMay 13, 202590$499.1M canonicalSEC ↗
Q4 202413F-HRFeb 12, 202586$569.8M canonicalSEC ↗
Q3 202413F-HRNov 14, 202484$657.0M canonicalSEC ↗
Q2 202413F-HRAug 14, 202483$638.4M canonicalSEC ↗
Q1 202413F-HRMay 15, 202479$736.9M canonicalSEC ↗