Atlas FRM portfolio
Concentrated managerType not verifiedPortfolio as of Jun 30, 2026 (Q2 2026) · filed with the SEC on Aug 13, 2026 · data updated on Nov 5, 2026 · Q2 2026 13F (filing) ↗ · all its 13F filings ↗
A 13F shows the portfolio at quarter-end and is filed up to 45 days later: these are not real-time positions and they may have changed.
Atlas FRM reported a $2.3 bn portfolio of 25 positions to the SEC as of the end of Q2 2026. Its largest positions are IP, PKG, WCN. During the quarter it opened Waste Connections and exited Hormel Foods.
Sections with a free account
What changed this quarter
24 positions with a change (6 new, 13 added to, 2 trimmed, 3 sold); also, 1 exited through an acquisition or merger. 12 are listed here: those of 0.5 points of the portfolio or more (up to 12).
- Waste Connections+10.8 ppof portfolioNew— → 10.8%
- International Paper+30%more sharesIncreased17.7% → 16.1%
- Rayonier+721%more sharesIncreased0.6% → 3.6%
- Weyerhaeuser+1,500%more sharesIncreased0.3% → 3.1%
- Hormel Foods−2.7 ppof portfolioSold out4.2% → —
- Builders Firstsource+832%more sharesIncreased0.4% → 2.8%
- West Fraser Timber+1,221%more sharesIncreased0.2% → 2.1%
- Suzano+27%more sharesIncreased12.5% → 8.1%
- AptarGroup+91%more sharesIncreased2.9% → 3.6%
- MasterBrand+256%more sharesIncreased0.7% → 2.0%
- Boise Cascade+985%more sharesIncreased0.2% → 1.5%
- Greenbrier Companies+216%more sharesIncreased0.9% → 1.7%
The figure on the right: for positions added to or trimmed, the change in the number of shares (%); for new and sold ones, the points of the portfolio moved (pp). Below, the portfolio weight before → after. Traded weight: what it bought or sold, excluding price effects.
Top holdings
- International PaperIP16.1%
- Packaging Corp of AmericaPKG15.6%
- Waste ConnectionsWCN10.8%
- SylvamoSLVM10.2%
- SuzanoSUZ8.1%
- Fortune Brands InnovationsFBIN4.3%
- AptarGroupATR3.6%
- RayonierRYN3.6%
- WeyerhaeuserWY3.1%
- Builders FirstsourceBLDR2.8%
- LGI HomesLGIH2.6%
- Firstcash HoldingsFCFS2.5%
- Floor & Decor HoldingsFND2.4%
- EzcorpEZPW2.1%
- West Fraser TimberWFG2.1%
“Since”: first quarter of the current run, unbroken until today. In the details, prices are the quarter-end prices of the quarters in which it added shares, per the 13F. The manager may have bought at any price within each quarter; the SEC only publishes the value at quarter end.
Portfolio by sector
- ● Materials 57%
- ● Industrials 26%
- ● Real Estate 7%
- ● Consumer Discretionary 6%
- ● Financials 5%
How its portfolio changed (8 quarters)
Q2 2026: 25
Q2 2026: 78%
Q2 2026: 20.5%
Traded turnover: the weight it bought plus the weight it sold in the quarter, divided by two, excluding price moves. The plain “turnover” in the header does include that effect. With a free account: the full history and sectors over time.
Stakes above 5% (13D/13G)
Companies where this filer reported holding 5% or more of the shares. It is the figure from its latest filing on each one; history since December 2024.
How we classify it
Type not verified. It meets the portfolio criteria of a concentrated manager, but its type is not verified: we found no official document that is enough to say what kind of entity it is. It may be an investment firm, but also an adviser adding up client accounts, a bank or a family vehicle. It counts in the tallies like the rest; keep that in mind when reading it. How the type is assigned
Managers of a similar size
A 13F portfolio value between a third and three times this one, whatever the type of filer. It is not a comparison of what they hold.
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