ANCORA ADVISORS LLC
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CLEVELAND OH
Investment Advisor
Hedge Fund
Activist Investor
Ancora Advisors is based out of Cleveland. Ancora Advisors is a hedge fund with 324 clients and discretionary assets under management (AUM) of $1,978,652,608 (Form ADV from 2024-04-01). Their last reported 13F filing for Q3 2024 included $4,382,525,219 in managed 13F securities
and a top 10 holdings concentration of 27.54%. Ancora Advisors's largest holding is Norfolk Southern Corp with shares held of 1,116,094. Whalewisdom has at least 85 13F filings, 106 13D filings, 21 13G filings, and 9 Form 4 filings
Business Description
Ancora Advisors LLC is an investment advisor registered with the SEC. They specialize in customized portfolio management for a variety of clients, including individual investors, high net worth investors, investment companies, and institutions.
Ancora's services include tailored relationships, other services, and client assets. They also offer additional compensation, performance-based fees, and side-by-side management.
Investment Strategy
The investment strategies focus on investing in small-cap, mid-cap, or a combination of both, with a minimum of 80% of net assets allocated to these securities. The strategies target companies within the capitalization range of the Russell 2000, Russell Midcap, or Russell 2500 indices, respectively.
The portfolio manager actively seeks out stocks that fall into one of three specific categories: underfollowed stocks, franchise stocks with undervalued valuations due to non-fundamental reasons, and companies undergoing capital structure changes like spin-offs, bankruptcies, or restructuring. The strategies emphasize broad diversification across all major market sectors and prioritize stock selection over sector bets to generate alpha. Stocks are sold if they fail to meet performance expectations or if more suitable investments become available.
Owners
- DISANTO, FREDERICK, DAVID - CHIEF EXECUTIVE OFFICER, CHAIRMAN
- MICKLITSCH, JOHN, PEWTERS - CHIEF INVESTMENT OFFICER
- THE ANCORA GROUP LLC - MEMBER (MANAGER)
- GEERS, JASON, P - CHIEF COMPLIANCE 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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2024-09-30
Top Buys (13F)
| Name | % Change |
|---|---|
| LKQ LKQ Corp | 0.77% |
| BERY Berry Global Group I | 0.61% |
| FWRD Forward Air Corp | 0.45% |
| ELEEF Element Fleet Manage | 0.25% |
| JPST JPMorgan Ultra-Short | 0.22% |
2024-09-30
Top Sells (13F)
| Name | % Change |
|---|---|
| RBA RB Global Inc | 0.97% |
| GPRE Green Plains Inc | 0.4% |
| CVX Chevron Corp. | 0.37% |
| VOO Vanguard S&P 500 ETF | 0.23% |
| NKE NIKE Inc | 0.18% |
2024-09-30
13F Holdings Summary
| Name | $ Change |
|---|---|
| NSC Norfolk Southern Cor | 6.31% |
| BERY Berry Global Group I | 3.28% |
| AAPL Apple Inc | 3.13% |
| VOO Vanguard S&P 500 ETF | 3.08% |
| AVGO Broadcom Inc | 2.59% |
2024-09-30
13F Activity
| Market Value | $4.38b, Prior: $4.02b |
| Inflows (Outflows) as % of Total MV | +0.7327% |
| New Purchases | 125 stocks |
| Added To | 421 stocks |
| Sold out of | 182 stocks |
| Reduced holdings in | 435 stocks |
| Top 10 Holdings % | 27.54% |
| Turnover %[1] | 15.3% |
| Turnover Alt %[2] | 6.82% |
| Time Held Top 20 | 12.15 quarters |
| Time Held Top 10 | 10.4 quarters |
| Time Held All | 15.78 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.
2024-09-30
13F Sector Allocation Over Time
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2024-09-30
Analysis
Top 20 equal-weighted holdings. Performance numbers calculated through 2024-09-30