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Evermore Global Advisors, LLC

SEC CIK
0001479983
Latest filing
Jan 18, 2023

The latest 13F from Evermore Global Advisors, LLC covers Q4 2022 (filed Jan 18, 2023): 7 long positions worth $26.3M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Calumet, Inc. (CLMT) at 51.4%. Livermore has 8 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q4 2022

Share counts compared with Q3 2022: how many positions were new, added to, reduced or sold out, and the biggest buys and sells. Dollar amounts are estimated at the quarter-end prices implied by the filing.

Full comparison
New
0
Added
0
Reduced
6
Est. −$9.90M
Sold out
4
Est. −$13.6M

Top 5 holdings

Share of this quarter's portfolio value

  1. CLMTCalumet, Inc.
    51.4%$13.5MHistory
  2. KKRKKR & Co. Inc.
    15.2%$4.00MHistory
  3. Eneti IncY2294C107
    9.8%$2.57M
  4. ESABESAB Corp
    8.7%$2.29MHistory
  5. PPLIPeople Inc
    6.6%$1.73MHistory

Biggest buys

New and added positions, by estimated amount bought

None this quarter.

Largest weight increases

New and added positions, by percentage points of the portfolio gained

None this quarter.

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. CLMTCalumet, Inc.
    −$5.16MReducedHistory
  2. ZIMZIM Integrated Shipping Services Ltd.
    −$5.05MSold outHistory
  3. CMBTCmb.tech NV
    −$3.93MSold outHistory
  4. Eneti IncY2294C107
    −$3.17MReduced
  5. GNKGenco Shipping & Trading Ltd
    −$2.97MSold outHistory

Largest weight decreases

Reduced and sold-out positions, by percentage points of the portfolio lost

  1. ZIMZIM Integrated Shipping Services Ltd.
    −11.89 pp11.9% → 0.0%History
  2. CMBTCmb.tech NV
    −9.25 pp9.2% → 0.0%History
  3. GNKGenco Shipping & Trading Ltd
    −7.00 pp7.0% → 0.0%History
  4. INSWInternational Seaways, Inc.
    −3.80 pp3.8% → 0.0%History
  5. PPLIPeople Inc
    −0.19 pp6.8% → 6.6%History

Metrics

13F metrics for Q4 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$26.3M
−$16.2M (−38.1%) vs. prior quarter
Positions
7
−4 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
0.0%
Q4 2022, one quarter
Average holding period
7.0 quarters
Weighted by value

How these are calculated

  • Portfolio value: the market value of all long positions in the 13F, as reported at quarter end, excluding options.
  • Top 10 concentration: the combined value of the 10 largest positions as a share of portfolio value.
  • Turnover: the smaller of this quarter's estimated purchases and estimated sales, divided by the average of this and last quarter's portfolio value. Estimates multiply the change in shares by the quarter-end price implied by the filing (market value divided by shares); new positions use this quarter's value and sold-out positions last quarter's. Only positions reported in shares count, and it is not calculated when the previous quarter was not filed.
  • Average holding period: how many consecutive quarters each current position has been held (including this one; a quarter without the position or without a filing starts the count over), weighted by this quarter's value. Counting starts with the first 13F in Livermore (Q1 2021), so positions held before then are understated.

13F filings by quarter

8 quarters, going back to Q1 2021. Bars show each quarter's 13F portfolio value; quarters without a filing are left blank.

Peak $109.3M (Q2 2021)

Q1 2021: $108.9MQ2 2021: $109.3MQ3 2021: $85.2MQ4 2021: $80.7MQ1 2022: $81.0MQ2 2022: $57.8MQ3 2022: $42.5MQ4 2022: $26.3M
Q1 2021Q4 2022
13F filings of Evermore Global Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q4 2022Jan 18, 20237$26.3MCLMTKKREneti Incvs. Q3 2022SEC
Q3 2022Oct 19, 202211$42.5MCLMTZIMCMBTvs. Q2 2022SEC
Q2 2022Jul 18, 202212$57.8MCLMTZIMGNKvs. Q1 2022SEC
Q1 2022Apr 22, 202212$81.0MCLMTZIMGNACvs. Q4 2021SEC
Q4 2021Jan 20, 202211$80.7MCLMTZIMGNACvs. Q3 2021SEC
Q3 2021Oct 26, 202114$85.2MCLMTZIMGNACvs. Q2 2021SEC
Q2 2021Aug 3, 202116$109.3MCLMTZIMGNACvs. Q1 2021SEC
Q1 2021May 4, 202114$108.9MMXCLMTGroup Nine Acquisition Corp.–SEC

13D and 13G filings

Companies where Evermore Global Advisors, LLC reports owning 5% or more on Schedule 13D or 13G, and its latest filings.

Current stakes of 5% or more

Evermore Global Advisors, LLC does not currently report owning 5% or more of any company.

Latest filings

8 filings on file made by Evermore Global Advisors, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by Evermore Global Advisors, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ENZBEnzo Biochem IncJan 18, 202213G/AOld format–––SEC
Emergent Capital, Inc.Apr 7, 202113D/AOld format–––SEC
Scorpio Bulkers Inc.Jan 15, 202113G/AOld format–––SEC
NMMNavios Maritime Partners L.P.Jan 15, 202113G/AOld format–––SEC
Navios Maritime Containers L.P.Jan 15, 202113G/AOld format–––SEC
MXMagnachip Semiconductor CorpJan 15, 202113G/AOld format–––SEC
GNKGenco Shipping & Trading LtdJan 15, 202113G/AOld format–––SEC
ENZBEnzo Biochem IncJan 15, 202113G/AOld format–––SEC