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ACK ASSET MANAGEMENT LLC

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GREENWICH CT Investment Advisor Hedge Fund
13F Summary

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Equal-WT
WhaleScore 2.0 ?

85

S&P 500
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ACK Asset Management is based out of Greenwich. ACK Asset Management is a hedge fund with 2 clients and discretionary assets under management (AUM) of $1,099,860,395 (Form ADV from 2024-03-06). Their last reported 13F filing for Q2 2024 included $810,285,950 in managed 13F securities and a top 10 holdings concentration of 78.98%. ACK Asset Management's largest holding is Dycom Industries Inc with shares held of 535,500. Whalewisdom has at least 61 13F filings, and 8 13G filings
Business Description
The Adviser focuses on investing in companies with high equity components for management compensation, particularly those with strong management teams and proven track records. They believe in partnering with company management and value insider ownership. The Adviser actively communicates suggestions to company management, highlighting how these suggestions can impact their wealth. The Adviser targets companies with strong management teams and proven track records for success, especially in the small capitalization segment where they believe inefficiencies exist. They seek out companies where positive fundamental change has already occurred or is in progress, but not yet reflected in reported earnings. The Adviser also emphasizes the importance of experienced management teams and insider ownership, viewing them as partners in their investment strategy.
Investment Strategy
ACK's investment strategy focuses on a long/short equity approach, targeting small and mid-capitalization stocks. They aim to achieve significant capital appreciation, strong absolute returns, and robust capital preservation. This strategy is based on the belief that inefficiencies exist in the small capitalization segment due to the influx of new money into larger, more liquid securities. ACK seeks out companies with strong management teams, proven track records, and significant insider ownership. They actively communicate their suggestions to company management, emphasizing the potential impact on their wealth. The Adviser prioritizes companies experiencing positive fundamental change, whether already evident in reported earnings or anticipated in the future.
Owners
  • MEISENBERG, RICHARD, SCOTT - MANAGING MEMBER
  • MEISENBERG, RICHARD, SCOTT - MANAGING MEMBER
  • KISSELL, WILLIAM, ANDREW - OFFICER
  • KISSELL, WILLIAM, ANDREW - OFFICER
  • REILLY, JOHN, HENRY - MANAGING MEMBER
  • REILLY, JOHN, HENRY - MANAGING MEMBER
  • AGUIRRE, ANDRES, MAURICIO - CHIEF COMPLIANCE OFFICER & SENIOR CONTROLLER
  • AGUIRRE, ANDRES, MAURICIO - CHIEF COMPLIANCE OFFICER & SENIOR CONTROLLER
  • COOPER, KENNETH, FRANK - CHIEF FINANCIAL OFFICER
  • COOPER, KENNETH, FRANK - CHIEF FINANCIAL OFFICER
  • Click on the Ownership/Private Fund Data tab for more details.
Known Email Addresses
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Other Contact Information
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2024-06-30

Top Buys (13F)

2024-06-30

Top Sells (13F)

Name % Change
ATKR Atkore Inc 8.65%
JBI Janus International 5.98%
ZWS Zurn Water Solutions 4.91%
MDALF MDA Ltd 3.48%
ALNT Allient Inc 2.19%

2024-06-30

13F Holdings Summary

Name $ Change
DY Dycom Industries Inc 11.15%
MTZ MasTec Inc. (Burnup 10.2%
ENS EnerSys Inc 9.13%
ROG Rogers Corp 8.78%
CNM Core & Main Inc 8.17%

2024-06-30

13F Activity

Market Value $0.81b, Prior: $0.86b
Inflows (Outflows) as % of Total MV (-3.8686)%
New Purchases 5 stocks
Added To 6 stocks
Sold out of 6 stocks
Reduced holdings in 4 stocks
Top 10 Holdings % 78.98%
Turnover %[1] 44%
Turnover Alt %[2] 26.11%
Time Held Top 20 5.3158 quarters
Time Held Top 10 4.4 quarters
Time Held All 6.68 quarters

[1]: Turnover is calculated by taking the # of new holdings (initial purchases) + the # of positions sold out of (not just reduced) divided by the total # of holdings for the quarter.

[2]: Alt Turnover is calculated by taking either the total MV of new purchases or the MV of securities sold, whichever is less, divided by the total MV of the fund.

2024-06-30

13F Sector Allocation Over Time

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2024-06-30

Analysis

Top 20 equal-weighted holdings. Performance numbers calculated through 2024-06-30

Portfolio Performance