# Eidelman Virant Capital

> Institutional holdings reported to the SEC as of Q3 2022 on Form 13F. CIK 1512865. Source: https://holderbook.com/funds/1512865-eidelman-virant-capital/

- Reported value: $136.0M
- Positions: 177
- Weight of the ten largest: 30.2%
- Filed: 2022-10-25

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 |
|---|---|---|---|---|---|
| LSB INDS INC | [LXU](https://holderbook.com/stocks/LXU/) | $7.8M | 543,290 | 5.7% | 16 |
| APPLE INC | [AAPL](https://holderbook.com/stocks/AAPL/) | $6.3M | 45,121 | 4.7% | 16 |
| AMAZON COM INC | [AMZN](https://holderbook.com/stocks/AMZN/) | $4.9M | 42,380 | 3.6% | 14 |
| READING INTL INC | [RDI](https://holderbook.com/stocks/RDI/) | $4.2M | 1,263,010 | 3.1% | 16 |
| ALPHABET INC | [GOOG](https://holderbook.com/stocks/GOOG/) | $3.7M | 38,060 | 2.7% | 14 |
| COMPASS MINERALS INTL INC | [CMP](https://holderbook.com/stocks/CMP/) | $3.2M | 82,365 | 2.3% | 5 |
| BRISTOL-MYERS SQUIBB CO | [BMY](https://holderbook.com/stocks/BMY/) | $3.0M | 41,275 | 2.2% | 10 |
| BANK OF THE JAMES FINL GP IN | [BOTJ](https://holderbook.com/stocks/BOTJ/) | $3.0M | 231,980 | 2.2% | 16 |
| LIBERTY MEDIA CORP DEL | [FWONAXXXX](https://holderbook.com/stocks/FWONAXXXX/) | $2.6M | 66,988 | 1.9% | 14 |
| CHURCHILL DOWNS INC | [CHDN](https://holderbook.com/stocks/CHDN/) | $2.5M | 13,520 | 1.9% | 16 |
| MICROSOFT CORP | [MSFT](https://holderbook.com/stocks/MSFT/) | $2.3M | 9,834 | 1.7% | 11 |
| DANAHER CORP DEL | [DHR](https://holderbook.com/stocks/DHR/) | $2.3M | 8,625 | 1.7% | 3 |
| SCHWAB STRATEGIC TR | [SCHD](https://holderbook.com/stocks/SCHD/) | $2.2M | 33,357 | 1.6% | 16 |
| TELEPHONE & DATA SYS INC | [TDS](https://holderbook.com/stocks/TDS/) | $2.2M | 159,000 | 1.6% | 16 |
| DISNEY WALT CO | [DIS](https://holderbook.com/stocks/DIS/) | $2.2M | 23,265 | 1.6% | 14 |
| ARCH RESOURCES INC | [ARCH](https://holderbook.com/stocks/ARCH/) | $2.1M | 18,000 | 1.6% | 4 |
| SALISBURY BANCORP INC | [SAL](https://holderbook.com/stocks/SAL/) | $1.9M | 78,508 | 1.4% | 16 |
| PERPETUA RESOURCES CORP | [PPTA](https://holderbook.com/stocks/PPTA/) | $1.9M | 956,100 | 1.4% | 5 |
| CVS HEALTH CORP | [CVS](https://holderbook.com/stocks/CVS/) | $1.8M | 18,425 | 1.3% | 16 |
| MICRON TECHNOLOGY INC | [MU](https://holderbook.com/stocks/MU/) | $1.7M | 32,718 | 1.2% | 16 |
| CENTRAL FED CORP | [CFBK](https://holderbook.com/stocks/CFBK/) | $1.6M | 77,000 | 1.2% | 8 |
| FORD MTR CO | [F](https://holderbook.com/stocks/F/) | $1.5M | 135,575 | 1.1% | 8 |
| WARNER MUSIC GROUP CORP | [WMG](https://holderbook.com/stocks/WMG/) | $1.5M | 63,350 | 1.1% | 9 |
| O2MICRO INTERNTNL LTD0 F SPONSORED ADR 1 ADR REPS   50  ORD SHS | [OIIM](https://holderbook.com/stocks/OIIM/) | $1.4M | 338,184 | 1.1% | 8 |
| KIRBY CORP | [KEX](https://holderbook.com/stocks/KEX/) | $1.4M | 23,420 | 1.1% | 5 |
| CITIZENS CMNTY BANCORP INC M | [CZWI](https://holderbook.com/stocks/CZWI/) | $1.4M | 115,500 | 1.1% | 7 |
| DISH NETWORK CORPORATION | [DISH](https://holderbook.com/stocks/DISH/) | $1.3M | 95,090 | 1.0% | 16 |
| HONEYWELL INTL INC | [HONZZZZ](https://holderbook.com/stocks/HONZZZZ/) | $1.3M | 7,725 | 1.0% | 6 |
| CISCO SYS INC | [CSCO](https://holderbook.com/stocks/CSCO/) | $1.3M | 32,000 | 1.0% | 5 |
| BOOKING HOLDINGS INC | [BKNG](https://holderbook.com/stocks/BKNG/) | $1.2M | 744 | 0.9% | 7 |
| CROWN CASTLE INC | [CCI](https://holderbook.com/stocks/CCI/) | $1.2M | 8,495 | 0.9% | 8 |
| SVB FINANCIAL GROUP | [SIVB](https://holderbook.com/stocks/SIVB/) | $1.2M | 3,505 | 0.9% | 5 |
| PSB HOLDINGS INC | - | $1.2M | 52,426 | 0.9% | 8 |
| LIBERTY MEDIA CORP DEL | [LSXMAXXXX](https://holderbook.com/stocks/LSXMAXXXX/) | $1.1M | 30,256 | 0.8% | 14 |
| GRAFTECH INTL LTD | [EAF](https://holderbook.com/stocks/EAF/) | $1.1M | 259,250 | 0.8% | 8 |
| SCHWAB STRATEGIC TR | [SCHX](https://holderbook.com/stocks/SCHX/) | $1.1M | 25,450 | 0.8% | 16 |
| MORGAN STANLEY | [MS](https://holderbook.com/stocks/MS/) | $1.1M | 13,400 | 0.8% | 2 |
| HUNTINGTON BANCSHARES INC | [HBAN](https://holderbook.com/stocks/HBAN/) | $1.0M | 76,500 | 0.7% | 6 |
| ABBVIE INC | [ABBV](https://holderbook.com/stocks/ABBV/) | $998.0K | 7,325 | 0.7% | 9 |
| ALLY FINL INC | [ALLY](https://holderbook.com/stocks/ALLY/) | $949.0K | 33,550 | 0.7% | 16 |
| URBAN OUTFITTERS INC | [URBN](https://holderbook.com/stocks/URBN/) | $945.0K | 47,300 | 0.7% | 4 |
| OCCIDENTAL PETE CORP | [OXY](https://holderbook.com/stocks/OXY/) | $924.0K | 15,000 | 0.7% | 1 |
| VANGUARD INDEX FDS | [VBR](https://holderbook.com/stocks/VBR/) | $912.0K | 6,298 | 0.7% | 9 |
| GOODYEAR TIRE & RUBR CO | [GT](https://holderbook.com/stocks/GT/) | $899.0K | 88,000 | 0.7% | 3 |
| WHEELER REAL ESTATE INVT TR | [WHLR](https://holderbook.com/stocks/WHLR/) | $880.0K | 699,000 | 0.6% | 14 |
| WALMART INC | [WMT](https://holderbook.com/stocks/WMT/) | $857.0K | 6,545 | 0.6% | 8 |
| FEDERAL AGRIC MTG CORP | [AGM](https://holderbook.com/stocks/AGM/) | $817.0K | 8,151 | 0.6% | 16 |
| HARTE HANKS INC | [HHS](https://holderbook.com/stocks/HHS/) | $805.0K | 70,500 | 0.6% | 4 |
| VANGUARD INDEX FDS | [VOT](https://holderbook.com/stocks/VOT/) | $788.0K | 4,574 | 0.6% | 9 |
| BRIDGEWATER BANCSHARES INC | [BWB](https://holderbook.com/stocks/BWB/) | $776.0K | 46,500 | 0.6% | 16 |
| AT&T INC | [T](https://holderbook.com/stocks/T/) | $772.0K | 50,080 | 0.6% | 16 |
| DOMINOS PIZZA INC | [DPZ](https://holderbook.com/stocks/DPZ/) | $757.0K | 2,400 | 0.6% | 7 |
| VERIZON COMMUNICATIONS INC | [VZ](https://holderbook.com/stocks/VZ/) | $752.0K | 19,720 | 0.6% | 7 |
| BELDEN INC | [BDC](https://holderbook.com/stocks/BDC/) | $729.0K | 12,000 | 0.5% | 3 |
| INSPIRED ENTMT INC | [INSE](https://holderbook.com/stocks/INSE/) | $720.0K | 80,000 | 0.5% | 6 |
| HALLIBURTON CO | [HAL](https://holderbook.com/stocks/HAL/) | $716.0K | 29,050 | 0.5% | 1 |
| HIBBETT INC | [HIBB](https://holderbook.com/stocks/HIBB/) | $704.0K | 14,000 | 0.5% | 4 |
| DEL MONTE CORP | [DMC](https://holderbook.com/stocks/DMC/) | $672.0K | 28,550 | 0.5% | 7 |
| TOWNSQUARE MEDIA INC | [TSQ](https://holderbook.com/stocks/TSQ/) | $657.0K | 88,000 | 0.5% | 7 |
| META PLATFORMS INC | [META](https://holderbook.com/stocks/META/) | $655.0K | 4,765 | 0.5% | 2 |
| NVIDIA CORPORATION | [NVDA](https://holderbook.com/stocks/NVDA/) | $653.0K | 5,308 | 0.5% | 10 |
| UNITEDHEALTH GROUP INC | [UNH](https://holderbook.com/stocks/UNH/) | $649.0K | 1,275 | 0.5% | 14 |
| HORIZON BANCORP IND | [HBNC](https://holderbook.com/stocks/HBNC/) | $642.0K | 35,200 | 0.5% | 2 |
| SPOTIFY TECHNOLOGY S A | [SPOT](https://holderbook.com/stocks/SPOT/) | $631.0K | 7,215 | 0.5% | 9 |
| CARTER BK & TR MARTINSVILLE | [CAREXXXX](https://holderbook.com/stocks/CAREXXXX/) | $625.0K | 38,635 | 0.5% | 10 |
| HUNTSMAN CORP | [HUN](https://holderbook.com/stocks/HUN/) | $618.0K | 25,000 | 0.5% | 4 |
| VANGUARD INDEX FDS | [VBK](https://holderbook.com/stocks/VBK/) | $614.0K | 3,106 | 0.5% | 9 |
| FS BANCORP INC | [FSBW](https://holderbook.com/stocks/FSBW/) | $605.0K | 22,237 | 0.4% | 16 |
| ENTERPRISE FINL SVCS CORP | [EFSC](https://holderbook.com/stocks/EFSC/) | $601.0K | 13,536 | 0.4% | 5 |
| BANKWELL FINL GROUP INC | [BWFG](https://holderbook.com/stocks/BWFG/) | $589.0K | 20,000 | 0.4% | 1 |
| UMPQUA HLDGS CORP | [UMPQ](https://holderbook.com/stocks/UMPQ/) | $578.0K | 33,200 | 0.4% | 2 |
| AH RLTY TR INC | [AHRT](https://holderbook.com/stocks/AHRT/) | $573.0K | 55,000 | 0.4% | 9 |
| CORECIVIC INC | [CXW](https://holderbook.com/stocks/CXW/) | $567.0K | 63,600 | 0.4% | 10 |
| CANADIAN PAC RY LTD | [CPXXXX](https://holderbook.com/stocks/CPXXXX/) | $542.0K | 8,014 | 0.4% | 4 |
| TEXAS PACIFIC LAND CORPORATI | [TPL](https://holderbook.com/stocks/TPL/) | $533.0K | 300 | 0.4% | 5 |
| MARVELL TECHNOLOGY GROUP LTD | [MRVLXXXX](https://holderbook.com/stocks/MRVLXXXX/) | $520.0K | 12,000 | 0.4% | 16 |
| CHARTER COMMUNICATIONS INC | [CHTR](https://holderbook.com/stocks/CHTR/) | $508.0K | 1,650 | 0.4% | 9 |
| ALPHABET INC | [GOOGL](https://holderbook.com/stocks/GOOGL/) | $507.0K | 5,240 | 0.4% | 14 |
| QCR HLDGS INC | [QCRH](https://holderbook.com/stocks/QCRH/) | $495.0K | 9,668 | 0.4% | 3 |
| AMPLIFY ETF TR | [DIVO](https://holderbook.com/stocks/DIVO/) | $492.0K | 15,250 | 0.4% | 5 |
| USCB FINANCIAL HOLDINGS INC | [USCB](https://holderbook.com/stocks/USCB/) | $481.0K | 36,437 | 0.4% | 3 |
| OLIN CORP | [OLN](https://holderbook.com/stocks/OLN/) | $474.0K | 11,000 | 0.3% | 3 |
| ELI LILLY & CO | [LLY](https://holderbook.com/stocks/LLY/) | $464.0K | 1,425 | 0.3% | 4 |
| ACACIA RESH CORP | [ACTG](https://holderbook.com/stocks/ACTG/) | $458.0K | 113,000 | 0.3% | 6 |
| KEYCORP | [KEY](https://holderbook.com/stocks/KEY/) | $453.0K | 28,000 | 0.3% | 2 |
| ASANA INC | [ASAN](https://holderbook.com/stocks/ASAN/) | $443.0K | 19,300 | 0.3% | 7 |
| ISHARES TR | [IJJ](https://holderbook.com/stocks/IJJ/) | $434.0K | 4,780 | 0.3% | 9 |
| VANGUARD INDEX FDS | [VOE](https://holderbook.com/stocks/VOE/) | $413.0K | 3,369 | 0.3% | 8 |
| MERCANTILE BK CORP | [MBWM](https://holderbook.com/stocks/MBWM/) | $405.0K | 13,575 | 0.3% | 5 |
| TRAVELCENTERS AMER LLC | [TA](https://holderbook.com/stocks/TA/) | $403.0K | 7,500 | 0.3% | 8 |
| FIFTH THIRD BANCORP | [FITB](https://holderbook.com/stocks/FITB/) | $393.0K | 12,150 | 0.3% | 2 |
| TEVA PHARMACEUTICAL INDS LTD | [TEVA](https://holderbook.com/stocks/TEVA/) | $380.0K | 46,718 | 0.3% | 7 |
| FARMERS BANCORP | - | $377.0K | 8,200 | 0.3% | 8 |
| REDWOOD TRUST INC | [RWT](https://holderbook.com/stocks/RWT/) | $374.0K | 21,500 | 0.3% | 5 |
| PEABODY ENGR CORP | [BTU](https://holderbook.com/stocks/BTU/) | $371.0K | 15,000 | 0.3% | 2 |
| SKYWEST INC | [SKYW](https://holderbook.com/stocks/SKYW/) | $369.0K | 22,500 | 0.3% | 1 |
| CRACKER BARREL OLD CTRY STOR | [CBRL](https://holderbook.com/stocks/CBRL/) | $364.0K | 3,870 | 0.3% | 2 |
| ISHARES TR | [EFA](https://holderbook.com/stocks/EFA/) | $363.0K | 6,477 | 0.3% | 9 |
| ZIONS BANCORPORATION NATL AS | [ZION](https://holderbook.com/stocks/ZION/) | $360.0K | 7,000 | 0.3% | 1 |
| FIRST BUSINESS FINL SVCS INC | [FBIZ](https://holderbook.com/stocks/FBIZ/) | $344.0K | 10,500 | 0.3% | 16 |

## 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 |
|---|---|---|---|---|
| Q3 2022 | -6.0% | -5.3% | -0.7% | 97% |
| Q2 2022 | -19.1% | -16.5% | -2.7% | 97% |
| Q1 2022 | -3.9% | -4.9% | +1.0% | 94% |
| Q4 2021 | +3.6% | +10.7% | -7.1% | 91% |
| Q3 2021 | +1.1% | +0.3% | +0.9% | 92% |
| Q2 2021 | +9.8% | +8.0% | +1.8% | 93% |
| Q1 2021 | +11.2% | +6.0% | +5.2% | 93% |
| Q4 2020 | +23.0% | +11.6% | +11.4% | 99% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2022 | $136.0M | 177 |
| Q2 2022 | $139.0M | 184 |
| Q1 2022 | $185.7M | 188 |
| Q4 2021 | $275.6M | 212 |
| Q3 2021 | $261.0M | 193 |
| Q2 2021 | $259.6M | 183 |
| Q1 2021 | $248.2M | 173 |
| Q4 2020 | $229.3M | 178 |
| Q3 2020 | $181.5M | 151 |
| Q2 2020 | $142.9M | 126 |
| Q1 2020 | $96.3M | 86 |
| Q4 2019 | $204.2M | 130 |