Frontfour Capital 13F annual report

Frontfour Capital is an investment fund managing more than $24.8 million ran by David Lorber. There are currently 7 companies in Mr. Lorber’s portfolio. The largest investments include Marriott Vacations Wrldwde C and MDC Partners, together worth $12.9 million.

$24.8 million Assets Under Management (AUM)

As of 7th October 2020, Frontfour Capital’s top holding is 62,920 shares of Marriott Vacations Wrldwde C currently worth over $6.52 million and making up 26.3% of the portfolio value. In addition, the fund holds 2,250,736 shares of MDC Partners worth $6.35 million, whose value grew 82.8% in the past six months. The third-largest holding is Medley Cap Corp worth $4.23 million and the next is Obsidian worth $3.15 million, with 3,772,312 shares owned.

Currently, Frontfour Capital's portfolio is worth at least $24.8 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 Frontfour Capital

The Frontfour Capital office and employees reside in Greenwich, Connecticut. According to the last 13-F report filed with the SEC, David Lorber serves as the officer at Frontfour Capital.

Recent trades

In the most recent 13F filing, Frontfour Capital revealed that it had increased its stake in Obsidian and bought 414,470 additional shares worth around $149 thousand. This means they effectively own approximately 0.1% of the company. Obsidian makes up 100.0% of the fund's Energy sector allocation and has decreased its share price by 46.3% in the past year.

On the other hand, there are companies that Frontfour Capital is getting rid of from its portfolio. Frontfour Capital closed its position in Hilton Grand Vacations on 25th October 2019. It sold the previously owned 48,166 shares for $1.53 million. David Lorber also disclosed a decreased stake in Marriott Vacations Wrldwde C by 0.3%. This leaves the value of the investment at $6.52 million and 62,920 shares.

One of the smallest hedge funds

The two most similar investment funds to Frontfour Capital are Schooner Capital Corp and Tiedemann Wealth Management. They manage $24.9 million and $24.8 million respectively.

David Lorber investment strategy

Frontfour Capital’s portfolio is diversified across 4 sectors. Currently, their heaviest sector is Industrials — making up 25.6% of the total portfolio value. The fund focuses on investments in the United States as 28.6% of the portfolio companies are based in the United States.

The majority of the companies in the fund’s portfolio are small-cap stocks. Stocks with a size of more than $100 million in market cap make up 14% of the total holdings value. On the other hand, large-cap stocks make up only approximately 0.1% of the portfolio. The average market cap of the portfolio companies is close to $1.46 billion.

The complete list of Frontfour Capital trades based on 13F SEC filings

These positions were updated on October 25th 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
Marriott Vacations Wrldwde C	34.72% 62,920	$6,519,000	26.26%
MDC Partners, Inc.	11.59% 2,250,736	$6,347,000	25.56%
Medley Cap Corp	No change 1,633,248	$4,230,000	17.04%
Obsidian Energy Ltd.	12.34% 3,772,312	$3,150,000	12.69%
Colony Cap Inc New	34.62% 444,683	$2,677,000	10.78%
Ashland Global Holdings, Inc.	46.23% 23,654	$1,823,000	7.34%
Hilton Grand Vacations, Inc.	Closed 48,166	$1,533,000
Berry Global Group, Inc.	Closed 28,681	$1,508,000
Abercrombie & Fitch Co.	Closed 9,588	$154,000
Jason Inds Inc	9.90% 233,611	$83,000	0.33%
No transactions found
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