Alex Roepers
Atlantic Investment Management
Alex Roepers (Atlantic Investment Management) discloses a $172M portfolio across 12 US-listed positions in the latest 13F filing (2026Q1, filed May 15, 2026). The largest holding is KEX at 19.9% of the book. The biggest move of the quarter: fully exited AXTA (was 18.6% of the book). Latticework's clone backtest puts this 13F book at -14.3%/yr vs SPY over 12.0 years.
About Alex Roepers
Alex Roepers founded Atlantic Investment Management in 1992 and runs a concentrated, fundamentals-driven long equity book with an activist tilt, typically targeting mid-cap industrials and cyclicals where he believes operational improvement or capital-allocation changes can unlock value. The 2026 Q1 13F reflects that orientation clearly: 12 disclosed positions, top-five names accounting for roughly 70% of a $172M U.S. long book, clustered in industrials and energy services — KEX, APTV, WFRD, and OSK are characteristic picks. Roepers has periodically engaged directly with management teams, so position-building and quiet activism can precede any public signal in the filings. The 13F captures U.S. long equities only; hedges, non-U.S. holdings, and any short exposure are invisible here. The backtest excess return of roughly −14% annualized against SPY over twelve years reflects the cost of concentration and cyclical-sector bias during a period that broadly rewarded growth and megacap tech, not a flaw in reading the 13F itself.
2026Q1 brief
Alex Roepers ran an unusually active quarter at Atlantic Investment Management, exiting three sizable positions — AXTA (previously 18.6% of the $170M book), FLS (12.3%), and ASH (7.0%) — while deploying into five new names and nearly doubling two existing ones. DCH surged to 13.3% of the portfolio after a 104% add, and NOMD reached 7.5% after a 147% increase, signaling a deliberate tilt toward food/consumer staples. New entries DOLE (5.6%), PVH (5.2%), XRAY (4.1%), and MHK (2.3%) fit Roepers's classic activist/deep-value playbook — beaten-down industrials and consumer brands trading at cyclical troughs. With KEX still anchoring the book at 19.9% and APTV holding at 13.1%, the portfolio remains hyper-concentrated (top 5 = 69.6% across just 12 positions). The rotation out of coatings and flow-control into food brands and distressed consumer is a notable style shift. Watch next quarter whether Roepers builds XRAY or MHK into top-5 positions, which would confirm a thesis-level conviction on beaten-down consumer durables.
AI-generated. Not investment advice.
In the news
all news →- Smart Money Is Buying ABM Industries Inc. (ABM)The Acquirer's Multiple ·
Headlines via Google News. Links open in a new tab.
Holdings (12) · click any column to sort
| #↑ | Ticker | Issuer | % Port. | This Q | History | Value |
|---|---|---|---|---|---|---|
| 1 | KEX | 19.9% | $34M | |||
| 2 | DCH | 13.3% | $23M | |||
| 3 | APTV | 13.1% | $22M | |||
| 4 | WFRD | 11.7% | $20M | |||
| 5 | OSK | 11.7% | $20M | |||
| 6 | NOMD | 7.5% | $13M | |||
| 7 | DOLE | 5.6% | $10M | |||
| 8 | PVH | 5.2% | $9M | |||
| 9 | ABM | 4.9% | $8M | |||
| 10 | XRAY | 4.1% | $7M | |||
| 11 | MHK | 2.3% | $4M | |||
| 12 | G6375R107 | 0.8% | $1M |
- 1KEXport19.9%val$34MKirby Corpthis Q hold·2q
- 2DCHport13.3%val$23MDauch Corporationthis Q +104%·10q
- 3APTVport13.1%val$22MAptiv Plcthis Q hold·5q
- 4WFRDport11.7%val$20MWeatherford Intl Plcthis Q hold·12q
- 5OSKport11.7%val$20MOshkosh Corpthis Q hold·14q
- 6NOMDport7.5%val$13MNomad Foods Ltdthis Q +147%·13q
- 7DOLEport5.6%val$10MDole Plcthis Q New·2q
- 8PVHport5.2%val$9MPvh Corpthis Q New·3q
- 9ABMport4.9%val$8MAbm Industries Incthis Q hold·2q
- 10XRAYport4.1%val$7MDentsply Sirona Incthis Q New·—1q
- 11MHKport2.3%val$4MMohawk Industries Incthis Q New·3q
- 12G6375R107port0.8%val$1MNational Energy Services Reuthis Q New·—1q
All activity (2026Q1)
| Ticker | Issuer | Move | % Port. | Δ Shares | Value |
|---|---|---|---|---|---|
| AXTA | Axalta Coating Sys Ltd | EXIT | 18.6% | -100% | $0 |
| DCH | Dauch Corporation | ADD | 13.3% | +104% | $23M |
| FLS | Flowserve Corp | EXIT | 12.3% | -100% | $0 |
| NOMD | Nomad Foods Ltd | ADD | 7.5% | +147% | $13M |
| ASH | Ashland Inc | EXIT | 7.0% | -100% | $0 |
| DOLE | Dole Plc | NEW | 5.6% | +100% | $10M |
| PVH | Pvh Corp | NEW | 5.2% | +100% | $9M |
| XRAY | Dentsply Sirona Inc | NEW | 4.1% | +100% | $7M |
| MHK | Mohawk Industries Inc | NEW | 2.3% | +100% | $4M |
| G6375R107 | National Energy Services Reu | NEW | 0.8% | +100% | $1M |
- EXITAXTA18.6%Axalta Coating Sys LtdΔ -100%·$0
- ADDDCH13.3%Dauch CorporationΔ +104%·$23M
- EXITFLS12.3%Flowserve CorpΔ -100%·$0
- ADDNOMD7.5%Nomad Foods LtdΔ +147%·$13M
- EXITASH7.0%Ashland IncΔ -100%·$0
- NEWDOLE5.6%Dole PlcΔ +100%·$10M
- NEWPVH5.2%Pvh CorpΔ +100%·$9M
- NEWXRAY4.1%Dentsply Sirona IncΔ +100%·$7M
- NEWMHK2.3%Mohawk Industries IncΔ +100%·$4M
- NEWG6375R1070.8%National Energy Services ReuΔ +100%·$1M
Frequently asked questions
- What stocks does Alex Roepers own?
- As of 2026Q1, Alex Roepers's 13F discloses 12 positions worth $172M. The top five holdings: KEX (19.9%), DCH (13.3%), APTV (13.1%), WFRD (11.7%), OSK (11.7%). 13F filings cover long US-listed equities only — cash, bonds, shorts, and non-US positions are not disclosed.
- What did Alex Roepers buy this quarter?
- In 2026Q1, the filing shows 5 new positions and 2 additions to existing holdings. The largest positions touched by buying: DCH, NOMD, DOLE, PVH, XRAY.
- How big is Alex Roepers's portfolio?
- $172M across 12 positions per the latest 13F (filed May 15, 2026). The top five holdings account for 70% of the disclosed book.
Explore more
Long US equity 13F-HR filings only — no shorts, no derivatives. SEC filings at EDGAR (CIK 0001063296). Not investment advice.