Western Standard is an investment fund managing more than $114 billion ran by Eric Andersen. There are currently 28 companies in Mr. Andersen’s portfolio. The largest investments include Merrimack Pharmaceuticals In and LHC Inc, together worth $27.5 billion.
As of 7th August 2023, Western Standard’s top holding is 1,529,494 shares of Merrimack Pharmaceuticals In currently worth over $17.5 billion and making up 15.4% of the portfolio value.
In addition, the fund holds 61,730 shares of LHC Inc worth $9.98 billion, whose value grew 2.5% in the past six months.
The third-largest holding is Opiant Pharmaceuticals Inc worth $8.6 billion and the next is Bristow Group Inc worth $6.57 billion, with 242,134 shares owned.
Currently, Western Standard's portfolio is worth at least $114 billion. The total portfolio value may be much higher due to cash
assets that are not publicly disclosed such as fixed income, real estate, or cash equivalents.
The Western Standard office and employees reside in Los Angeles, California. According to the last 13-F report filed with the SEC, Eric Andersen serves as the Managing Member at Western Standard.
In the most recent 13F filing, Western Standard revealed that it had opened a new position in
Opiant Pharmaceuticals Inc and bought 424,080 shares worth $8.6 billion.
This means they effectively own approximately 0.1% of the company.
Opiant Pharmaceuticals Inc makes up
32.7%
of the fund's Health Care sector allocation and has decreased its share price by approximately 0.1% in the past year.
The investment fund also strengthened its position in Merrimack Pharmaceuticals In by buying
259,936 additional shares.
This makes their stake in Merrimack Pharmaceuticals In total 1,529,494 shares worth $17.5 billion.
On the other hand, there are companies that Western Standard is getting rid of from its portfolio.
Western Standard closed its position in Macquarie Infrastructure Hol on 14th August 2023.
It sold the previously owned 3,276,941 shares for $12.8 million.
Eric Andersen also disclosed a decreased stake in iRhythm Technologies Inc by 0.3%.
This leaves the value of the investment at $2.77 billion and 29,560 shares.
The two most similar investment funds to Western Standard are Mcalister, Sweet & Associates and Meditor Ltd. They manage $115 billion and $115 billion respectively.
Western Standard’s portfolio is diversified across 8 sectors.
Currently, their heaviest sector is Health Care — making up 23.1% of
the total portfolio value.
The fund focuses on investments in the United States as
50.0% of the portfolio companies
are based in the United States.
The majority of the companies in the fund’s portfolio are large-cap stocks.
Stocks with a size of more than $10 billion in market cap make up
4% of the total holdings value.
On the other hand, small-cap stocks make up only 3.6% of the portfolio.
The average market cap of the portfolio companies is close to $3 billion.
These positions were updated on August 14th based on the fund’s latest 13F filing. Quickly find out what the most recently closed or increased positions are.
| Security | Shares Owned | Value | Allocation |
|---|---|---|---|
| Merrimack Pharmaceuticals In |
20.47%
1,529,494
|
$17,528,001,000 | 15.43% |
| LHC Group Inc |
109.83%
61,730
|
$9,981,124,000 | 8.78% |
| Opiant Pharmaceuticals Inc |
Opened
424,080
|
$8,600,342,000 | 7.57% |
| Bristow Group Inc |
382.29%
242,134
|
$6,569,095,000 | 5.78% |
| Rlj Lodging Tr |
Opened
269,528
|
$6,412,071,000 | 5.64% |
| Axalta Coating Sys Ltd |
Opened
248,878
|
$6,338,923,000 | 5.58% |
| Ecovyst Inc |
26.09%
666,487
|
$5,905,075,000 | 5.20% |
| Park Aerospace Corp |
8.23%
403,231
|
$5,407,328,000 | 4.76% |
| Spectrum Brands Hldgs Inc Ne |
Opened
84,639
|
$5,156,208,000 | 4.54% |
| Select Med Hldgs Corp |
Opened
200,558
|
$4,979,855,000 | 4.38% |
| Healthstream Inc |
46.09%
195,231
|
$4,849,538,000 | 4.27% |
| Vector Group Ltd |
Opened
398,447
|
$4,725,581,000 | 4.16% |
| Turning Pt Brands Inc |
39.17%
214,817
|
$4,646,492,000 | 4.09% |
| Verisign Inc. |
Opened
21,877
|
$4,494,411,000 | 3.96% |
| BWX Technologies Inc |
83.75%
71,355
|
$4,144,298,000 | 3.65% |
| iRhythm Technologies Inc |
30.93%
29,560
|
$2,768,885,000 | 2.44% |
| Pathward Financial Inc |
70.10%
59,966
|
$2,581,536,000 | 2.27% |
| Marcus Corp. |
52.15%
143,882
|
$2,070,462,000 | 1.82% |
| Mirion Technologies Inc |
Opened
291,235
|
$1,925,063,000 | 1.69% |
| Old Point Finl Corp |
24.00%
46,081
|
$1,244,187,000 | 1.10% |
| Boot Barn Holdings Inc |
Opened
17,106
|
$1,069,467,000 | 0.94% |
| Delta Apparel Inc. |
74.47%
88,043
|
$934,136,000 | 0.82% |
| NI Holdings Inc |
50.18%
59,435
|
$788,702,000 | 0.69% |
| Laureate Education Inc |
Opened
18,300
|
$176,046,000 | 0.15% |
| Sio Gene Therapies Inc |
Opened
294,397
|
$128,063,000 | 0.11% |
| Bellus Health Inc |
94.51%
10,600
|
$87,132,000 | 0.08% |
| Sensei Biotherapeutics Inc |
Opened
46,117
|
$68,714,000 | 0.06% |
| Childrens Pl Inc New |
Opened
1,100
|
$40,062,000 | 0.04% |
| Macquarie Infrastructure Hol |
Closed
3,276,941
|
$12,813,000 | |
| Tufin Software Technologies Ltd |
Closed
747,312
|
$9,386,000 | |
| Rlj Lodging Tr |
Closed
228,887
|
$5,935,000 | |
| RMR Group Inc (The) |
Closed
204,486
|
$5,797,000 | |
| PFSWEB Inc |
Closed
399,540
|
$4,699,000 | |
| Lamb Weston Holdings Inc |
Closed
65,690
|
$4,694,000 | |
| First Horizon Corporation |
Closed
204,050
|
$4,461,000 | |
| Spok Holdings Inc |
Closed
627,428
|
$3,953,000 | |
| American Woodmark Corp. |
Closed
87,310
|
$3,930,000 | |
| NortonLifeLock Inc |
Closed
169,226
|
$3,716,000 | |
| Alphabet Inc |
Closed
823
|
$1,794,000 | |
| Topgolf Callaway Brands Corp |
Closed
76,176
|
$1,554,000 | |
| Kinnate Biopharma Inc. |
Closed
102,780
|
$1,296,000 | |
| STRATA Skin Sciences Inc |
Closed
1,136,454
|
$1,092,000 | |
| Ardagh Metal Packaging Sa |
Closed
175,000
|
$1,068,000 | |
| Phathom Pharmaceuticals Inc |
Closed
109,055
|
$920,000 | |
| Viad Corp. |
Closed
30,000
|
$828,000 | |
| Vertiv Holdings Co |
Closed
100,024
|
$822,000 | |
| Alpine Immune Sciences Inc |
Closed
50,328
|
$428,000 | |
| Tilly's Inc |
Closed
44,350
|
$311,000 | |
| No transactions found | |||
| Showing first 500 out of 48 holdings | |||