Atlas FRM
GREENWICH, CTfiles as Atlas FRM LLC
$2.3bn in 25 US stocks at the end of 30 June 2026. The top 10 are 78.1% of the money. It changed about 28.7% of the portfolio this quarter.
Value
$2.3bn
Stocks
25
Top 10 share
78.1%
Turnover
28.7%
What changed this quarter
New
Bought for the first time this quarter.
- Waste ConnectionsWCN10.8% of the fund
- Cemex SAB de CVCX1.1% of the fund
- Meritage HomesMTH0.8% of the fund
- Janus International GroupJBI0.8% of the fund
- Sonoco ProductsSON0.1% of the fund
- Vulcan MaterialsVMC<0.1% of the fund
Added
Bought more of a stock they already held.
- International PaperIP16.1% of the fund+30%
- Suzano S ASUZ8.1% of the fund+27%
- AptargroupATR3.6% of the fund+91%
- RayonierRYN3.6% of the fund+721%
- WeyerhaeuserWY3.1% of the fund+1500%
- Builders FirstSourceBLDR2.8% of the fund+832%
- LGI HomesLGIH2.6% of the fund+51%
- Floor & Decor HoldingsFND2.4% of the fund+4%
- West Fraser TimberWFG2.1% of the fund+1221%
- Silgan HoldingsSLGN2.1% of the fund+20%
- MasterBrandMBC2.0% of the fund+256%
- Greenbrier CompaniesGBX1.7% of the fund+216%
- Boise CascadeBCC1.5% of the fund+985%
Cut
Sold some of their stake.
- Fortune Brands InnovationsFBIN4.3% of the fund-16%
- Mercer InternationalMERC<0.1% of the fund-81%
Sold out
Sold their entire stake.
- Hormel FoodsHRL-100%
- Mohawk IndustriesMHK-100%
- American Woodmark Corporatio-100%
- Select Sector Spdr TRXLP-100%
Holdings
- Suzano S ASUZ
- Share
- 8.1%
- Value
- $189m
- Shares
- 24,320,000
+27%
- West Fraser TimberWFG
- Share
- 2.1%
- Value
- $50m
- Shares
- 740,000
+1221%
| Company | Share of fund | Value | Shares | Change |
|---|---|---|---|---|
| International PaperIP | 16.1% | $375m | 9,840,000 | +30% |
| Packaging Corp of AmericaPKG | 15.6% | $365m | 1,532,500 | Held |
| Waste ConnectionsWCN | 10.8% | $252m | 1,510,000 | New |
| SylvamoSLVM | 10.2% | $239m | 6,312,454 | Held |
| Suzano S ASUZ | 8.1% | $189m | 24,320,000 | +27% |
| Fortune Brands InnovationsFBIN | 4.3% | $100m | 1,825,000 | -16% |
| AptargroupATR | 3.6% | $84m | 670,000 | +91% |
| RayonierRYN | 3.6% | $84m | 3,940,000 | +721% |
| WeyerhaeuserWY | 3.1% | $73m | 3,040,000 | +1500% |
| Builders FirstSourceBLDR | 2.8% | $64m | 718,000 | +832% |
| LGI HomesLGIH | 2.6% | $62m | 967,000 | +51% |
| FirstCash HoldingsFCFS | 2.5% | $58m | 270,000 | Held |
| Floor & Decor HoldingsFND | 2.4% | $55m | 930,000 | +4% |
| EzcorpEZPW | 2.1% | $50m | 1,450,000 | Held |
| West Fraser TimberWFG | 2.1% | $50m | 740,000 | +1221% |
| Silgan HoldingsSLGN | 2.1% | $48m | 1,040,000 | +20% |
| MasterBrandMBC | 2.0% | $48m | 4,624,400 | +256% |
| Greenbrier CompaniesGBX | 1.7% | $39m | 787,588 | +216% |
| Boise CascadeBCC | 1.5% | $35m | 445,000 | +985% |
| Cemex SAB de CVCX | 1.1% | $25m | 2,120,000 | New |
| Meritage HomesMTH | 0.8% | $18m | 220,000 | New |
| Janus International GroupJBI | 0.8% | $18m | 3,240,000 | New |
| Sonoco ProductsSON | 0.1% | $3m | 50,000 | New |
| Vulcan MaterialsVMC | <0.1% | $1m | 5,000 | New |
| Mercer InternationalMERC | <0.1% | $393,882 | 596,791 | -81% |
Over time and by industry
Value over time
Jun '25
Dec '25
Jun '26
Value is up 171.9% since 30 June 2025.
Where the money is
Materials51.0%
Retail & consumer12.7%
Utilities10.8%
Industrials8.2%
Real estate6.7%
Financial services2.5%
Other8.1%
From the fund's 13F filings. They list US stocks and options only, 45 days after each quarter, and leave out cash, bonds, shorts and foreign shares.