# AJO, LP

> Institutional holdings reported to the SEC as of Q1 2021 on Form 13F. CIK 1013536. Source: https://holderbook.com/funds/1013536-ajo-lp/

- Reported value: $199.5M
- Positions: 43
- Weight of the ten largest: 47.3%
- Filed: 2021-05-07

A 13F reports long US equity positions only. Short positions, bonds, foreign listings, private holdings and cash are not visible, so this is not the manager's whole book.

## Holdings

| Security | Ticker | Value | Shares | Weight | Quarters held |
|---|---|---|---|---|---|
| GOODYEAR TIRE & RUBR CO | [GT](https://holderbook.com/stocks/GT/) | $11.7M | 666,426 | 5.9% | 4 |
| LUMEN TECHNOLOGIES INC | [LUMN](https://holderbook.com/stocks/LUMN/) | $10.0M | 746,637 | 5.0% | 2 |
| RYDER SYS INC | [R](https://holderbook.com/stocks/R/) | $9.8M | 129,525 | 4.9% | 4 |
| TENET HEALTHCARE CORP | [THC](https://holderbook.com/stocks/THC/) | $9.8M | 188,428 | 4.9% | 5 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $9.7M | 794,161 | 4.9% | 4 |
| VISTRA CORP | [VST](https://holderbook.com/stocks/VST/) | $9.1M | 514,130 | 4.6% | 2 |
| ATLAS AIR WORLDWIDE HLDGS IN | [AAWW](https://holderbook.com/stocks/AAWW/) | $8.9M | 146,685 | 4.4% | 2 |
| AVIS BUDGET GROUP INC | [CAR](https://holderbook.com/stocks/CAR/) | $8.6M | 118,691 | 4.3% | 4 |
| QURATE RETAIL INC | [QVCGAXXXX](https://holderbook.com/stocks/QVCGAXXXX/) | $8.5M | 719,798 | 4.2% | 4 |
| DXC TECHNOLOGY CO | [DXC](https://holderbook.com/stocks/DXC/) | $8.3M | 265,745 | 4.2% | 4 |
| HEWLETT PACKARD ENTERPRISE C | [HPE](https://holderbook.com/stocks/HPE/) | $8.3M | 525,577 | 4.1% | 4 |
| LIBERTY GLOBAL PLC | [LBTYKXXXX](https://holderbook.com/stocks/LBTYKXXXX/) | $8.1M | 316,911 | 4.1% | 4 |
| PROPETRO HLDG CORP | [PUMP](https://holderbook.com/stocks/PUMP/) | $7.4M | 697,271 | 3.7% | 4 |
| SIGNET JEWELERS LIMITED | [SIG](https://holderbook.com/stocks/SIG/) | $6.8M | 117,069 | 3.4% | 6 |
| TD SYNNEX CORPORATION | [SNX](https://holderbook.com/stocks/SNX/) | $6.6M | 57,155 | 3.3% | 2 |
| TELEPHONE & DATA SYS INC | [TDS](https://holderbook.com/stocks/TDS/) | $6.1M | 267,429 | 3.1% | 10 |
| MURPHY OIL CORP | [MUR](https://holderbook.com/stocks/MUR/) | $5.9M | 360,481 | 3.0% | 4 |
| XEROX HOLDINGS CORP | [XRX](https://holderbook.com/stocks/XRX/) | $5.3M | 219,663 | 2.7% | 5 |
| ISHARES TR | [KSA](https://holderbook.com/stocks/KSA/) | $5.0M | 138,226 | 2.5% | 6 |
| WARRIOR MET COAL INC | [HCC](https://holderbook.com/stocks/HCC/) | $4.9M | 283,333 | 2.4% | 10 |
| HERC HLDGS INC | [HRI](https://holderbook.com/stocks/HRI/) | $3.6M | 35,986 | 1.8% | 4 |
| DNOW INC | [DNOW](https://holderbook.com/stocks/DNOW/) | $3.2M | 316,219 | 1.6% | 2 |
| HP INC | [HPQ](https://holderbook.com/stocks/HPQ/) | $3.2M | 99,998 | 1.6% | 10 |
| PATTERSON-UTI ENERGY INC | [PTEN](https://holderbook.com/stocks/PTEN/) | $3.0M | 422,735 | 1.5% | 4 |
| ASTRONICS CORP | [ATRO](https://holderbook.com/stocks/ATRO/) | $2.9M | 163,276 | 1.5% | 4 |
| DOMTAR CORP | [UFS](https://holderbook.com/stocks/UFS/) | $2.7M | 74,210 | 1.4% | 4 |
| DHT HOLDINGS INC | [DHT](https://holderbook.com/stocks/DHT/) | $2.4M | 403,518 | 1.2% | 1 |
| ALCOA CORP | [AA](https://holderbook.com/stocks/AA/) | $2.0M | 62,597 | 1.0% | 4 |
| EQT CORP | [EQT](https://holderbook.com/stocks/EQT/) | $2.0M | 106,802 | 1.0% | 2 |
| KOHLS CORP | [KSS](https://holderbook.com/stocks/KSS/) | $1.9M | 32,651 | 1.0% | 5 |
| DANAOS CORPORATION | [DAC](https://holderbook.com/stocks/DAC/) | $1.9M | 38,576 | 1.0% | 1 |
| AUDACY INC | [AUDA](https://holderbook.com/stocks/AUDA/) | $1.7M | 325,421 | 0.9% | 1 |
| CAI INTERNATIONAL INC | [CAI](https://holderbook.com/stocks/CAI/) | $1.6M | 34,550 | 0.8% | 4 |
| ARCH RESOURCES INC | [ARCH](https://holderbook.com/stocks/ARCH/) | $1.5M | 36,870 | 0.8% | 4 |
| KRATON CORPORATION | [KRA](https://holderbook.com/stocks/KRA/) | $1.5M | 39,783 | 0.7% | 4 |
| DAUCH CORP | [DCH](https://holderbook.com/stocks/DCH/) | $1.3M | 129,842 | 0.6% | 4 |
| COMTECH TELECOMMUNICATIONS C | [CMTL](https://holderbook.com/stocks/CMTL/) | $1.1M | 45,852 | 0.6% | 4 |
| LYDALL INC DEL | [LDL](https://holderbook.com/stocks/LDL/) | $1.1M | 31,566 | 0.5% | 4 |
| YELP INC | [YELP](https://holderbook.com/stocks/YELP/) | $903.0K | 23,172 | 0.5% | 4 |
| CHINA YUCHAI INTL LTD | [CYD](https://holderbook.com/stocks/CYD/) | $442.0K | 28,598 | 0.2% | 10 |
| ADECOAGRO S A | [AGRO](https://holderbook.com/stocks/AGRO/) | $386.0K | 49,127 | 0.2% | 1 |
| ISHARES TR | [INDA](https://holderbook.com/stocks/INDA/) | $200.0K | 4,746 | 0.1% | 1 |
| STAR BULK CARRIERS CORP. | [SBLK](https://holderbook.com/stocks/SBLK/) | $153.0K | 10,428 | 0.1% | 1 |

## What the disclosed book did

Not the fund's return. This is the change in value of the positions disclosed on Form 13F, had they been left untouched, against SPY over the same quarter ends.

| Quarter | Book | Market | Difference | Priced |
|---|---|---|---|---|
| Q1 2021 | +16.6% | +6.0% | +10.6% | 100% |
| Q4 2020 | +15.5% | +11.6% | +3.9% | 100% |
| Q3 2020 | +3.6% | +8.6% | -5.0% | 100% |
| Q2 2020 | +17.6% | +19.6% | -2.0% | 100% |
| Q1 2020 | -27.2% | -19.9% | -7.3% | 100% |
| Q4 2019 | +6.1% | +8.5% | -2.4% | 100% |
| Q3 2019 | -0.7% | +1.3% | -2.0% | 100% |
| Q2 2019 | +3.3% | +3.7% | -0.4% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q1 2021 | $199.5M | 43 |
| Q4 2020 | $965.4M | 266 |
| Q3 2020 | $9.5B | 679 |
| Q2 2020 | $10.9B | 667 |
| Q1 2020 | $11.1B | 651 |
| Q4 2019 | $16.9B | 567 |
| Q3 2019 | $17.2B | 600 |
| Q2 2019 | $19.3B | 612 |
| Q1 2019 | $19.4B | 653 |
| Q4 2018 | $17.8B | 628 |