Adirondack Research & Management Inc.
Reported holdings as of Q3 2021, from 12 quarterly filings.
This filer last reported in Q3 2021; the most recent quarter on file across all filers is Q2 2026. Firms that restructure stop filing under one CIK and start under another, so a successor entity may hold these positions now under a similar name.
Holdings
| Security | Ticker | Value | Shares | Weight | Weight change | Held | Change |
|---|---|---|---|---|---|---|---|
| CONDUENT INC | CNDT | $3.2M | 484,139 | -0.37pp | 12q | HELD | |
| UNISYS CORP | UIS | $1.9M | 75,858 | -0.16pp | 7q | -9.5%-$200.0K | |
| CNO FINL GROUP INC | CNO | $1.9M | 79,920 | +0.08pp | 12q | HELD | |
| ANTERO RESOURCES CORP | AR | $1.9M | 99,690 | +0.87pp | 3q | +24.2%+$364.9K | |
| LAZARD LTD | LAZXXXX | $1.8M | 38,901 | +0.03pp | 9q | -3.6%-$66.0K | |
| CELESTICA INC | CLSXXXX | $1.7M | 193,996 | +0.11pp | 12q | -10.5%-$202.5K | |
| ADTRAN INC | ADTNXXXX | $1.7M | 91,700 | -0.08pp | 12q | +1.9%+$31.9K | |
| SIRIUSPOINT LTD | SPNT | $1.7M | 182,231 | -0.09pp | 3q | HELD | |
| LSI INDS INC OHIO | LYTS | $1.6M | 208,653 | flat | 12q | -0.7%-$11.6K | |
| TRUSTCO BK CORP N Y | TRST | $1.6M | 49,446 | +0.44pp | 2q | +33.8%+$399.6K | |
| GRAFTECH INTL LTD | EAF | $1.6M | 152,078 | -0.16pp | 8q | HELD | |
| VONAGE HLDGS CORP | VG | $1.6M | 96,451 | +0.07pp | 12q | -10.6%-$184.3K | |
| NATIONAL WESTN LIFE GROUP IN | NWLI | $1.5M | 7,316 | -0.20pp | 12q | -7.2%-$120.1K | |
| BRIXMOR PPTY GROUP INC | BRX | $1.5M | 68,886 | -0.01pp | 8q | -0.9%-$13.1K | |
| ARDMORE SHIPPING CORP | ASC | $1.5M | 366,773 | +0.10pp | 12q | +3.4%+$50.0K | |
| HILLMAN SOLUTIONS CORP | HLMN | $1.5M | 126,181 | - | new | NEW | |
| MGIC INVT CORP WIS | MTG | $1.5M | 98,600 | +0.14pp | 12q | -5.1%-$79.8K | |
| INFINERA CORP | INFN | $1.4M | 163,860 | -0.39pp | 12q | -4.5%-$63.7K | |
| GENWORTH FINL INC | GNW | $1.4M | 361,285 | +0.22pp | 12q | +15.1%+$177.6K | |
| PHOTRONICS INC | PLAB | $1.2M | 89,858 | +0.10pp | 6q | HELD | |
| O-I GLASS INC | OI | $1.2M | 81,715 | -0.26pp | 8q | -7.1%-$88.9K | |
| ALLSCRIPTS HEALTHCARE SOLUTN | MDRX | $1.2M | 87,067 | -0.33pp | 12q | +7.8%+$84.2K | |
| COMPASS DIVERSIFIED | CODI | $1.2M | 40,864 | +0.17pp | 12q | -1.1%-$13.2K | |
| ARCHER DANIELS MIDLAND CO | ADM | $1.1M | 18,187 | +0.11pp | 11q | +5.6%+$58.3K | |
| CONOCOPHILLIPS | COP | $1.1M | 15,975 | +0.18pp | 3q | HELD | |
| TYSON FOODS INC | TSN | $1.1M | 13,504 | +0.13pp | 3q | HELD | |
| CISCO SYS INC | CSCO | $1.0M | 19,187 | +0.13pp | 3q | +4.3%+$43.1K | |
| COTERRA ENERGY INC | CTRA | $1.0M | 47,950 | -0.51pp | 7q | -44.9%-$848.3K | |
| BAXTER INTL INC | BAX | $1.0M | 12,597 | - | new | NEW | |
| HILL INTL INC | HIL | $963.0K | 465,320 | -0.04pp | 11q | +12.1%+$104.0K | |
| TIPTREE INC | TIPT | $958.0K | 95,600 | +0.15pp | 5q | +1.9%+$18.0K | |
| DENNYS CORP | DENN | $944.0K | 57,800 | +0.03pp | 4q | HELD | |
| DOMINION ENERGY INC | D | $939.0K | 12,864 | +0.04pp | 7q | +0.8%+$7.4K | |
| WELLS FARGO & CO | WFC | $923.0K | 19,884 | +0.07pp | 2q | HELD | |
| INGLES MKTS INC | IMKTA | $918.0K | 13,910 | +0.17pp | 6q | HELD | |
| FORD MTR CO | F | $876.0K | 61,875 | +0.04pp | 2q | +4.6%+$38.2K | |
| ACCURAY INC DEL | ARAY | $863.0K | 218,537 | -0.05pp | 12q | +5.5%+$44.9K | |
| PHILIP MORRIS INTL INC | PM | $863.0K | 9,101 | -0.01pp | 2q | HELD | |
| MOLSON COORS BEVERAGE CO | TAP | $862.0K | 18,582 | -0.12pp | 4q | HELD | |
| COGNYTE SOFTWARE LTD | CGNT | $849.0K | 41,334 | +0.31pp | 3q | +64.4%+$332.7K | |
| AT&T INC | T | $820.0K | 30,353 | -0.02pp | 12q | +0.8%+$6.3K | |
| COCA COLA CO | KO | $816.0K | 15,544 | +0.02pp | 3q | +0.9%+$7.5K | |
| HOSTESS BRANDS INC | TWNK | $790.0K | 45,470 | +0.10pp | 3q | HELD | |
| RALPH LAUREN CORP | RL | $779.0K | 7,015 | -0.02pp | 4q | HELD | |
| SEABOARD CORP DEL | SEB | $779.0K | 190 | +0.05pp | 12q | -4.5%-$36.9K | |
| MATRIX SVC CO | MTRX | $762.0K | 72,835 | -0.09pp | 6q | -11.8%-$102.4K | |
| ALLETE INC | ALE | $758.0K | 12,737 | -0.12pp | 7q | HELD | |
| WILLIAMS INDL SVCS GROUP INC | WLMSQ | $751.0K | 176,035 | -0.50pp | 3q | -15.1%-$133.4K | |
| CNX RES CORP | CNX | $737.0K | 58,400 | - | new | NEW | |
| WESTLAKE CHEM PARTNERS LP | WLKP | $711.0K | 29,210 | -0.05pp | 12q | HELD | |
| KNOWLES CORP | KN | $692.0K | 36,909 | -0.01pp | 11q | HELD | |
| MANITEX INTL INC | MNTX | $677.0K | 94,351 | +0.02pp | 12q | HELD | |
| CDK GLOBAL INC UNVERIFIED ID | $667.0K | 15,682 | -0.06pp | 4q | +5.0%+$31.5K | ||
| BARNES GROUP INC | B | $632.0K | 15,143 | -0.14pp | 4q | HELD | |
| MATIV HOLDINGS INC | MATV | $632.0K | 18,248 | - | new | NEW | |
| HARVARD BIOSCIENCE INC | HBIO | $628.0K | 90,020 | -0.20pp | 12q | -9.5%-$65.6K | |
| OLD REP INTL CORP | ORI | $625.0K | 27,000 | -0.03pp | 6q | HELD | |
| SANMINA CORP | SANM | $622.0K | 16,128 | +0.02pp | 12q | HELD | |
| ECOVYST INC | ECVT | $611.0K | 52,375 | - | new | NEW | |
| PACTIV EVERGREEN INC | PTVE | $608.0K | 48,532 | -0.12pp | 3q | HELD | |
| UNDER ARMOUR INC | UAA | $605.0K | 30,000 | -0.80pp | 5q | -51.7%-$648.3K | |
| CORNING INC | GLW | $570.0K | 15,630 | +0.05pp | 6q | +15.6%+$76.8K | |
| AMER SOFTWARE INC | LGTY | $569.0K | 23,978 | +0.08pp | 5q | HELD | |
| STEWART INFORMATION SVCS COR | STC | $550.0K | 8,700 | -0.27pp | 12q | -38.7%-$347.4K | |
| A10 NETWORKS INC | ATEN | $548.0K | 40,636 | -0.47pp | 11q | -52.8%-$614.2K | |
| PACWEST BANCORP DEL | PACW | $540.0K | 11,916 | +0.08pp | 3q | HELD | |
| HARTFORD INSURANCE GROUP INC | HIG | $523.0K | 7,445 | +0.07pp | 12q | -4.7%-$26.0K | |
| ALIBABA GROUP HLDG LTD | BABA | $516.0K | 3,486 | - | new | NEW | |
| MICROSOFT CORP | MSFT | $509.0K | 1,804 | +0.02pp | 12q | -3.8%-$20.3K | |
| METLIFE INC | MET | $502.0K | 8,133 | +0.02pp | 12q | -3.9%-$20.4K | |
| CAL MAINE FOODS INC | CALM | $495.0K | 13,700 | -0.10pp | 3q | -17.0%-$101.2K | |
| QUANTUM CORP | QMCO | $469.0K | 90,620 | -0.16pp | 7q | HELD | |
| CHICOS FAS INC | CHS | $467.0K | 103,948 | -0.04pp | 2q | +32.7%+$115.0K | |
| EZCORP INC | EZPW | $454.0K | 60,004 | +0.24pp | 3q | +37.2%+$123.2K | |
| HANESBRANDS INC | HBI | $451.0K | 26,300 | - | new | NEW | |
| EXELON CORP | EXC | $427.0K | 8,835 | +0.06pp | 12q | -1.0%-$4.1K | |
| VISHAY INTERTECHNOLOGY INC | VSH | $419.0K | 20,834 | -0.04pp | 12q | HELD | |
| CLEVELAND-CLIFFS INC NEW | CLF | $388.0K | 19,600 | +0.03pp | 2q | +11.4%+$39.6K | |
| TECK RESOURCES LTD | TECK | $383.0K | 15,370 | +0.05pp | 12q | HELD | |
| BOSTON SCIENTIFIC CORP | BSX | $381.0K | 8,780 | +0.01pp | 12q | -3.4%-$13.5K | |
| PFIZER INC | PFE | $349.0K | 8,115 | +0.02pp | 12q | -7.4%-$28.0K | |
| ABBOTT LABORATORIES | ABT | $348.0K | 2,945 | +0.01pp | 12q | -3.9%-$14.2K | |
| DRIVE SHACK INC | DSHK | $345.0K | 122,612 | - | new | NEW | |
| COCA-COLA EUROPACIFIC PARTNE | CCEP | $342.0K | 6,190 | -0.02pp | 12q | HELD | |
| PURE CYCLE CORP | PCYO | $324.0K | 24,308 | flat | 4q | HELD | |
| ALCOA CORP | AA | $307.0K | 6,275 | +0.10pp | 3q | HELD | |
| CONSOLIDATED EDISON INC | ED | $301.0K | 4,140 | +0.02pp | 12q | HELD | |
| PBF LOGISTICS LP | PBFX | $293.0K | 23,230 | -0.05pp | 10q | -0.8%-$2.3K | |
| NOKIA CORP | NOK | $283.0K | 51,880 | +0.02pp | 12q | -1.5%-$4.4K | |
| EMCORE CORP | EMKR | $282.0K | 37,758 | -0.11pp | 7q | -9.6%-$29.9K | |
| TWITTER INC | TWTR | $266.0K | 4,405 | -0.04pp | 2q | -2.2%-$6.0K | |
| MYERS INDS INC | MYE | $263.0K | 13,450 | -0.01pp | 6q | HELD | |
| GENERAL ELECTRIC CO | GEXXXX | $259.0K | 2,510 | flat | 12q | -87.5%-$1.8M | |
| HUNTSMAN CORP | HUN | $226.0K | 7,643 | +0.04pp | 3q | HELD | |
| DINE BRANDS GLOBAL INC | DIN | $211.0K | 2,600 | -0.02pp | 3q | HELD | |
| SP PLUS CORP | SP | $210.0K | 6,859 | +0.01pp | 4q | -1.0%-$2.2K | |
| ABBVIE INC | ABBV | $204.0K | 1,890 | flat | 4q | HELD | |
| VENATOR MATLS PLC | VNTRF | $164.0K | 57,620 | - | new | NEW |
By sector
Industry comes from the SIC code on each company's own SEC filings, which is self-reported and sometimes out of date. Derivative exposure is counted with the shares. Securities the SEC assigns no industry - funds, trusts, foreign issues - are shown as not classified rather than dropped.
| Sector | Value | Share |
|---|---|---|
| Insurance | $9.6M | 11.6% |
| Semiconductors & Electronics | $6.4M | 7.8% |
| Energy | $5.2M | 6.4% |
| Food, Drink & Tobacco | $5.0M | 6.1% |
| Business Services | $3.7M | 4.5% |
| Software & IT Services | $3.3M | 4.0% |
| Construction & Building | $3.1M | 3.7% |
| Retail & Consumer | $3.0M | 3.6% |
| Banks & Lending | $2.5M | 3.0% |
| Mining & Metals | $2.3M | 2.8% |
| Medical Devices | $2.3M | 2.7% |
| Industrials | $2.1M | 2.6% |
| Other sectors | $13.4M | 16.3% |
| Not classified | $20.3M | 24.7% |
Quarter by quarter
| Quarter | Value | Positions | New | Added | Trimmed | Exited | Top 10 | Days to file |
|---|---|---|---|---|---|---|---|---|
| Q3 2021 | $82.2M | 98 | 9 | 21 | 33 | 5 | 23.1% | 29 |
| Q2 2021 | $85.5M | 94 | 8 | 14 | 42 | 4 | 24.2% | 36 |
| Q1 2021 | $84.6M | 90 | 17 | 24 | 18 | 8 | 25.5% | 27 |
| Q4 2020 | $73.1M | 81 | 11 | 5 | 46 | 5 | 29.6% | 39 |
| Q3 2020 | $71.8M | 75 | 5 | 10 | 19 | 5 | 31.1% | 36 |
| Q2 2020 | $76.2M | 75 | 6 | 19 | 27 | 17 | 35.3% | 45 |
| Q1 2020 | $71.7M | 86 | 17 | 20 | 31 | 19 | 33.6% | 43 |
| Q4 2019 | $115.4M | 88 | 9 | 18 | 25 | 17 | 31.9% | 42 |
| Q3 2019 | $114.6M | 96 | 9 | 16 | 38 | 13 | 31.3% | 35 |
| Q2 2019 | $139.5M | 100 | 7 | 19 | 31 | 7 | 30.3% | 37 |
| Q1 2019 | $160.5M | 100 | 8 | 13 | 63 | 6 | 28.0% | 50 |
| Q4 2018 | $159.9M | 98 | 0 | 0 | 0 | 0 | 29.7% | 39 |
Rows marked UNVERIFIED ID, PLACEHOLDER ID, TICKER AS ID or NON-CUSIP ID carry an identifier that is not a valid CUSIP. They are shown because the filer reported that money, but treat the security named with caution - hover the chip for what is wrong with it, and see the methodology.
Held counts consecutive filings in which this manager reported the position, and can reach further back than the quarters listed above: the tabs begin at Q4 2018 because earlier coverage is too sparse to describe a market, but tenure is counted over every filing we hold, some reaching to 2007. A position sold and later rebought starts again from one.
Weight change is the shift in this position's share of the whole book, in percentage points. It is the more useful column: when money flows into or out of a broad fund, almost every holding is bought or sold at once, so added and trimmed largely track flows. A weight that rose while the book shrank is a decision. Both compare with the previous quarter this filer reported, not the previous calendar quarter.