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SOUTHERNSUN ASSET MANAGEMENT, LLC

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MEMPHIS TN Investment Advisor Hedge Fund
13F Summary

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WhaleScore 2.0 ?

85

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SouthernSun Asset Management, based out of Memphis, is run by Michael Cook.Whalewisdom has at least 99 13F filings, and 206 13G filings Their last reported 13F filing for Q3 2024 included $843,652,738 in managed 13F securities and a top 10 holdings concentration of 58.79%. Southernsun Asset Management's largest holding is Brink`s Co. with shares held of 517,932.
Business Description
SouthernSun Asset Management, LLC, founded in 1989 by Michael W. Cook, is located in Memphis, Tennessee. The firm is wholly owned by its employees, with Michael W. Cook and Phillip W. Cook each owning over 25% of the firm's equity. SouthernSun's Investment Team is comprised of generalists who are well-versed in the firm's holdings. Each team member is assigned primary responsibility for a subset of companies, including updating models, leading communications with company management, and maintaining notes on communications and material events. While the firm's investments are primarily in U.S.-based companies, they also have operations and interests worldwide. Therefore, each team member is responsible for understanding and monitoring global issues that could affect portfolio companies. New investment ideas are sourced through research on existing holdings, industry trade publications, industry conferences, and general market research.
Investment Strategy
SouthernSun is a research-driven investment management firm that implements long-only domestic equity strategies for institutions and individuals. They are absolute-return oriented, investing with a value approach and long-term perspective through disciplined, bottom-up, fundamental analysis and on-site research. They generally invest in niche-dominant, attractively-valued companies with financial flexibility and well-fitted management teams. SouthernSun believes that careful, in-depth analysis of a company's financial strength, market position, and human capital is the most comprehensive method of assigning proper valuations, identifying opportunities, and reducing the risk of investment. They focus on companies with a market cap range appropriate for the strategy and source new ideas through research on existing holdings, industry trade publications, industry conferences, and general market research.
Owners
  • COOK, MICHAEL, WHITMAN - CHAIRMAN/PRINCIPAL/MGMT COMM MBR
  • HALLIDAY, WILLIAM, P. - CHIEF COMPLIANCE OFFICER/PRINCIPAL/MGMT COMM MBR
  • WIMMER, ANGELA, MORGAN - PRESIDENT/PRINCIPAL
  • OAKTHORPE PARTNERS LLC - MEMBER
  • TIGERTAIL INVESTMENT COMPANY LIMITED PARTNERSHIP - MEMBER
  • CROSS, MICHAEL, SCOTT - PORTFOLIO MANAGER/PRINCIPAL
  • COOK, PHILLIP, WHITMAN - CHIEF INVESTMENT OFFICER/MANAGING PARTNER/PRINCIPAL/MGMT COMM MBR
  • MCNEELY, ASHLEY, PHELPS - 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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2024-09-30

Top Buys (13F)

Name % Change
BCO Brink`s Co. 1.33%
GNRC Generac Holdings Inc 0.78%
APG APi Group Corp 0.65%
DAR Darling Ingredients 0.64%
AEIS Advanced Energy Indu 0.42%

2024-09-30

Top Sells (13F)

2024-09-30

13F Holdings Summary

Name $ Change
BCO Brink`s Co. 7.1%
BDC Belden Inc 6.58%
DAR Darling Ingredients 6.55%
MGPI MGP Ingredients, Inc 6.5%
LPX Louisiana-Pacific Co 6.1%

2024-09-30

13F Activity

Market Value $0.84b, Prior: $0.83b
Inflows (Outflows) as % of Total MV (-8.9227)%
New Purchases 3 stocks
Added To 9 stocks
Sold out of 1 stocks
Reduced holdings in 17 stocks
Top 10 Holdings % 58.79%
Turnover %[1] 13.33%
Turnover Alt %[2] 4.39%
Time Held Top 20 25.9 quarters
Time Held Top 10 10.4 quarters
Time Held All 27.59 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

Portfolio Performance