# Ergoteles LLC

> Institutional holdings reported to the SEC as of Q3 2023 on Form 13F. CIK 1569136. Source: https://holderbook.com/funds/1569136-ergoteles-llc/

- Reported value: $68.2M
- Positions: 19
- Weight of the ten largest: 93.2%
- Filed: 2023-11-14

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 |
|---|---|---|---|---|---|
| ACTIVISION BLIZZARD INC | [ATVI](https://holderbook.com/stocks/ATVI/) | $15.4M | 164,044 | 22.5% | 1 |
| HORIZON THERAPEUTICS PUB L | [HZNP](https://holderbook.com/stocks/HZNP/) | $14.1M | 121,905 | 20.7% | 5 |
| NATIONAL INSTRS CORP | [NATI](https://holderbook.com/stocks/NATI/) | $9.7M | 163,094 | 14.3% | 3 |
| VMWARE INC | [VMW](https://holderbook.com/stocks/VMW/) | $5.6M | 33,747 | 8.2% | 1 |
| ARGO GROUP INTL HLDGS LTD | [ARGO](https://holderbook.com/stocks/ARGO/) | $5.0M | 166,996 | 7.3% | 3 |
| PROVIDENT FINL SVCS INC | [PFS](https://holderbook.com/stocks/PFS/) | $3.8M | 250,456 | 5.6% | 3 |
| AMEDISYS INC | [AMED](https://holderbook.com/stocks/AMED/) | $3.2M | 33,863 | 4.6% | 4 |
| LAKELAND BANCORP INC | [LBAI](https://holderbook.com/stocks/LBAI/) | $3.0M | 236,989 | 4.4% | 3 |
| NEOGAMES S A | [NGMS](https://holderbook.com/stocks/NGMS/) | $2.9M | 106,054 | 4.2% | 2 |
| MIDWEST HLDG INC | [MDWT](https://holderbook.com/stocks/MDWT/) | $978.7K | 37,426 | 1.4% | 2 |
| GREENHILL & CO INC | [GHL](https://holderbook.com/stocks/GHL/) | $868.0K | 58,652 | 1.3% | 2 |
| ENETI INC | [NETI](https://holderbook.com/stocks/NETI/) | $744.6K | 73,869 | 1.1% | 2 |
| ISHARES TR | [FXI](https://holderbook.com/stocks/FXI/) | $670.8K | 25,283 | 1.0% | 2 |
| ISHARES TR | [IBB](https://holderbook.com/stocks/IBB/) | $587.0K | 4,800 | 0.9% | 8 |
| DENBURY INC | [DEN](https://holderbook.com/stocks/DEN/) | $490.1K | 5,000 | 0.7% | 1 |
| SPDR SERIES TRUST | [XME](https://holderbook.com/stocks/XME/) | $414.8K | 7,900 | 0.6% | 1 |
| SELECT SECTOR SPDR TR | [XLB](https://holderbook.com/stocks/XLB/) | $407.1K | 5,183 | 0.6% | 1 |
| EMAGIN CORP | [EMAN](https://holderbook.com/stocks/EMAN/) | $314.0K | 157,811 | 0.5% | 2 |
| ARLINGTON ASSET INVST CORP | [AAIC](https://holderbook.com/stocks/AAIC/) | $124.9K | 29,193 | 0.2% | 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 |
|---|---|---|---|---|
| Q3 2023 | -3.3% | -3.6% | +0.3% | 92% |
| Q2 2023 | +2.4% | +8.3% | -5.9% | 99% |
| Q1 2023 | +3.5% | +7.0% | -3.5% | 92% |
| Q4 2022 | +7.3% | +7.1% | +0.2% | 90% |
| Q3 2022 | -3.6% | -5.3% | +1.8% | 92% |
| Q2 2022 | -14.0% | -16.5% | +2.5% | 92% |
| Q1 2022 | -8.2% | -4.9% | -3.3% | 91% |
| Q4 2021 | -1.2% | +10.7% | -11.9% | 92% |

## Quarter by quarter

| Quarter | Value | Positions |
|---|---|---|
| Q3 2023 | $68.2M | 19 |
| Q2 2023 | $2.1B | 994 |
| Q1 2023 | $2.6B | 1,186 |
| Q4 2022 | $2.7B | 1,398 |
| Q3 2022 | $2.8B | 1,494 |
| Q2 2022 | $3.3B | 1,595 |
| Q1 2022 | $2.6B | 1,163 |
| Q4 2021 | $2.6B | 1,193 |
| Q3 2021 | $2.7B | 1,138 |
| Q2 2021 | $4.4B | 1,452 |
| Q1 2021 | $3.2B | 758 |
| Q4 2020 | $3.0B | 642 |