13F
中
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GENDELL JEFFREY L

13F equity value
$7.3B
Positions
101
Top 10 concentration
79.9%
Quarters / total new picks
29 / 117
13F equity value over time
$0M$4B$7B2017201820192020202120222023202420252026

"13F equity value" = market value of this filer's US-listed long equity positions only. It excludes cash, bonds, non-US and short positions, so it understates a fund's true assets under management — often by a lot.

Not significant Verdict

13F holdings are disclosed ~45 days after quarter-end, and they never reveal when within the quarter a fund actually bought. So any 13F-based summary is structurally late and blurred — this applies to every fund, including this one.

We backtested copying it anyway. Buying this fund's new positions the day each filing went public, over 29 quarters, returned +2.9% per quarter — versus +2.9% per quarter from simply owning every 13F stock. It beat that baseline in only 48.3% of quarters (excess t = 0.93, not statistically significant). Its filings tell you what it bought — not what you should buy.

Avg 2Q excess
+3.9%
t-stat
0.93
Quarterly win rate
48%
Annualized excess
-4.0%
$1 → follow vs universe
$1.53 vs $2.00
Cumulative return: $1 invested in new picks vs universe
1.00 20180331: universe 1.04120180630: universe 0.95920180930: universe 1.00320190630: universe 1.07820191231: universe 0.87020200331: universe 1.04820200630: universe 1.15820200930: universe 1.42020201231: universe 1.48520210331: universe 1.49820210630: universe 1.61820210930: universe 1.45220211231: universe 1.23620220331: universe 1.32720220630: universe 1.22920220930: universe 1.32120221231: universe 1.22720230331: universe 1.29220230630: universe 1.24620230930: universe 1.41420231231: universe 1.47820240331: universe 1.51120240630: universe 1.64820240930: universe 1.63420241231: universe 1.52520250331: universe 1.66320250630: universe 1.71520250930: universe 1.92820251231: universe 1.995 20180331: follow 0.93920180630: follow 0.75020180930: follow 0.79320190630: follow 0.87820191231: follow 0.76620200331: follow 0.85320200630: follow 0.85820200930: follow 1.58320201231: follow 1.77820210331: follow 1.78920210630: follow 2.03020210930: follow 1.76920211231: follow 1.64320220331: follow 1.51220220630: follow 1.43020220930: follow 1.52420221231: follow 1.30520230331: follow 1.44620230630: follow 1.04120230930: follow 1.18420231231: follow 1.30020240331: follow 1.38420240630: follow 1.58120240930: follow 1.39920241231: follow 1.29620250331: follow 1.39120250630: follow 1.46020250930: follow 1.62720251231: follow 1.527 0.69 1.44 2.19 20182019202020212022202320242025 Follow Universe

Quarterly compounding, invested quarters only · entry 47 days after quarter-end (when 13F data becomes public)

Listed as facts. See the verdict above before treating this as signal.

Top 20 holdings of 101 · 2026 Q1

Ticker Value Weight QoQ
IESC $4.9B
67.1%
HOLD
IWM $237M
3.2%
NEW
AMR $112M
1.5%
ADD
OC $102M
1.4%
ADD
TPC $97M
1.3%
ADD
SNDK $95M
1.3%
TRIM
WTM $83M
1.1%
ADD
RIG $78M
1.1%
ADD
BW $75M
1.0%
HOLD
GNW $63M
0.9%
ADD
OIH $61M
0.8%
ADD
GLW $55M
0.7%
ADD
WDC $54M
0.7%
TRIM
MU $47M
0.6%
TRIM
SLB $46M
0.6%
ADD
APH $46M
0.6%
NEW
MHK $42M
0.6%
TRIM
AMD $41M
0.5%
ADD
BXC $40M
0.5%
ADD
AVTR $39M
0.5%
ADD

QoQ vs previous quarter's share count · NEW = new position · ADD/TRIM = ±2% shares · HOLD = unchanged.

Listed as facts. See the verdict above before treating this as signal.

New positions in 2026 Q1

AGOALKSAPHENSGEVIWMMPBONVISN

Method & Limitations

Method: a "new position" = held this quarter, absent last quarter (options excluded; stocks with <50 prior holders excluded to filter spin-off artifacts). Entry 47 days after quarter-end — the first day the public could act on the filing. Benchmark = equal-weighted universe of all 13F-held stocks. Limitations: quarterly snapshots can't see intra-quarter trades; survivorship bias — funds that shut down are absent, which flatters the sample. Statistics, not advice.