# SPITFIRE CAPITAL LLC

> Institutional holdings reported to the SEC as of Q3 2019 on Form 13F. CIK 1531064. Source: https://holderbook.com/funds/1531064-spitfire-capital-llc/

- Reported value: $77.1M
- Positions: 15
- Weight of the ten largest: 81.5%
- Filed: 2019-11-14

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 |
|---|---|---|---|---|---|
| BLUE BIRD CORP | [BLBD](https://holderbook.com/stocks/BLBD/) | $18.1M | 948,966 | 23.4% | 4 |
| SPX FLOW INC | [FLOW](https://holderbook.com/stocks/FLOW/) | $6.0M | 152,682 | 7.8% | 4 |
| US FOODS HLDG CORP | [USFD](https://holderbook.com/stocks/USFD/) | $5.8M | 140,250 | 7.5% | 4 |
| CHAMPION HOMES INC | [SKY](https://holderbook.com/stocks/SKY/) | $5.6M | 185,299 | 7.2% | 3 |
| PGT INNOVATIONS INC | [PGTI](https://holderbook.com/stocks/PGTI/) | $5.2M | 301,354 | 6.7% | 3 |
| ALTRA INDL MOTION CORP | [AIMC](https://holderbook.com/stocks/AIMC/) | $4.8M | 173,224 | 6.2% | 4 |
| OWENS ILL INC | [OIXXXX](https://holderbook.com/stocks/OIXXXX/) | $4.8M | 464,002 | 6.2% | 4 |
| VALMONT INDS INC | [VMI](https://holderbook.com/stocks/VMI/) | $4.4M | 31,979 | 5.7% | 4 |
| CISION LTD | [CISN](https://holderbook.com/stocks/CISN/) | $4.2M | 549,800 | 5.5% | 4 |
| COLUMBUS MCKINNON CORP N Y | [CMCO](https://holderbook.com/stocks/CMCO/) | $4.0M | 109,048 | 5.2% | 4 |
| LEAR CORP | [LEA](https://holderbook.com/stocks/LEA/) | $3.7M | 31,177 | 4.8% | 4 |
| GTT COMMUNICATIONS INC | [GTTNQ](https://holderbook.com/stocks/GTTNQ/) | $3.4M | 362,992 | 4.4% | 4 |
| NATURAL GAS SVCS GROUP INC | [NGS](https://holderbook.com/stocks/NGS/) | $3.1M | 239,681 | 4.0% | 4 |
| NRC HEALTH | [NRC](https://holderbook.com/stocks/NRC/) | $2.3M | 39,784 | 3.0% | 4 |
| BEACON ROOFING SUPPLY INC | [BECN](https://holderbook.com/stocks/BECN/) | $1.8M | 54,694 | 2.4% | 4 |

## 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 2019 | -10.8% | +1.3% | -12.1% | 100% |
| Q2 2019 | +4.5% | +3.7% | +0.8% | 100% |
| Q1 2019 | +9.0% | +13.0% | -4.0% | 100% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2019 | $77.1M | 15 |
| Q2 2019 | $95.5M | 15 |
| Q1 2019 | $95.7M | 16 |
| Q4 2018 | $89.1M | 16 |