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Livermore
Livermore
ZHEN

VIEX Capital Advisors, LLC

SEC CIK
0001619125
Latest filing
Nov 14, 2022

The latest 13F from VIEX Capital Advisors, LLC covers Q3 2022 (filed Nov 14, 2022): 9 long positions worth $29.7M. The top 10 holdings make up 100.0% of the portfolio, and the largest is Allot Ltd. (ALLT) at 30.9%. Livermore has 7 filings on Form 13F from this institution, going back to Q1 2021.

What changed in Q3 2022

Share counts compared with Q2 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
2
Est. +$1.48M
Added
3
Est. +$4.37M
Reduced
4
Est. −$1.29M
Sold out
4
Est. −$4.79M

Top 5 holdings

Share of this quarter's portfolio value

  1. ALLTAllot Ltd.
    30.9%$9.20MHistory
  2. BNFTBenefitfocus, Inc.
    25.9%$7.69MHistory
  3. QUOTQuotient Technology Inc.
    19.8%$5.90MHistory
  4. ENZBEnzo Biochem Inc
    10.0%$2.98MHistory
  5. PXLWPixelworks, Inc
    4.6%$1.38MHistory

Share of portfolio

Top 5 holdings and the other 4 positions, by share of portfolio value

  1. ALLT30.9%
  2. BNFT25.9%
  3. QUOT19.8%
  4. ENZB10.0%
  5. PXLW4.6%
  6. Other 4 positions8.7%

Biggest buys

New and added positions, by estimated amount bought

  1. BNFTBenefitfocus, Inc.
    +$1.76MAddedHistory
  2. ALLTAllot Ltd.
    +$1.40MAddedHistory
  3. QUOTQuotient Technology Inc.
    +$1.21MAddedHistory
  4. CASACasa Systems Inc
    +$968.0KNewHistory
  5. MXMagnachip Semiconductor Corp
    +$512.0KNewHistory

Largest weight increases

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

  1. BNFTBenefitfocus, Inc.
    +4.97 pp20.9% → 25.9%History
  2. CASACasa Systems Inc
    +3.26 pp0.0% → 3.3%History
  3. ALLTAllot Ltd.
    +2.96 pp28.0% → 30.9%History
  4. QUOTQuotient Technology Inc.
    +2.49 pp17.3% → 19.8%History
  5. MXMagnachip Semiconductor Corp
    +1.72 pp0.0% → 1.7%History

Biggest sells

Reduced and sold-out positions, by estimated amount sold

  1. O2MICRO International Limite67107W100
    −$3.03MSold out
  2. CGNTCognyte Software Ltd.
    −$976.0KSold outHistory
  3. CalAmp Corp.128126109
    −$478.9KReduced
  4. ENZBEnzo Biochem Inc
    −$451.3KReducedHistory
  5. DSPViant Technology Inc.
    −$393.0KSold outHistory

Largest weight decreases

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

  1. O2MICRO International Limite67107W100
    −8.73 pp8.7% → 0.0%
  2. CGNTCognyte Software Ltd.
    −2.81 pp2.8% → 0.0%History
  3. CalAmp Corp.128126109
    −1.42 pp2.5% → 1.0%
  4. DSPViant Technology Inc.
    −1.13 pp1.1% → 0.0%History
  5. EMKREmcore Corp
    −1.13 pp1.1% → 0.0%History

Metrics

13F metrics for Q3 2022, computed only from the numbers in the filings. Definitions below.

Portfolio value
$29.7M
−$5.03M (−14.5%) vs. prior quarter
Positions
9
−2 vs. prior quarter
Top 10 concentration
100.0%
Top 10 as share of value
Turnover
18.1%
Q3 2022, one quarter
Average holding period
4.3 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

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

Peak $150.1M (Q3 2021)

Q1 2021: $134.8MQ2 2021: $139.6MQ3 2021: $150.1MQ4 2021: $61.4MQ1 2022: $51.8MQ2 2022: $34.8MQ3 2022: $29.7M
Q1 2021Q3 2022
13F filings of VIEX Capital Advisors, LLC by quarter
QuarterFiledPositionsValueTop 3 holdingsChangesFiling
Q3 2022Nov 14, 20229$29.7MALLTBNFTQUOTvs. Q2 2022SEC
Q2 2022Aug 15, 202211$34.8MALLTBNFTQUOTvs. Q1 2022SEC
Q1 2022May 16, 202212$51.8MATENBNFTALLTvs. Q4 2021SEC
Q4 2021Feb 14, 202213$61.4MATENBNFTALLTvs. Q3 2021SEC
Q3 2021Nov 15, 20219$150.1MATENVISNBNFTvs. Q2 2021SEC
Q2 2021Aug 16, 202113$139.6MATENKVHIWDCvs. Q1 2021SEC
Q1 2021May 17, 20219$134.8MATENLeaf Group LtdKVHI–SEC

13D and 13G filings

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

Current stakes of 5% or more

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

Latest filings

14 filings on file made by VIEX Capital Advisors, LLC or listing it as a reporting person, newest first.

Schedule 13D and 13G filings by VIEX Capital Advisors, LLC
CompanyFiled (ET)FormStakeChangeEvent dateFiling
ALLTAllot Ltd.Jan 30, 202313G/AOld format–––SEC
ALLTAllot Ltd.Jun 30, 202213GOld format–New–SEC
ATENA10 Networks, Inc.Nov 3, 202113D/AOld format–––SEC
KVHIKVH Industries IncJul 9, 202113D/AOld format–––SEC
KVHIKVH Industries IncJun 22, 202113D/AOld format–––SEC
Leaf Group Ltd.May 14, 202113D/AOld format–––SEC
Leaf Group Ltd.May 12, 202113D/AOld format–––SEC
KVHIKVH Industries IncMay 6, 202113D/AOld format–––SEC
KVHIKVH Industries IncApr 19, 202113D/AOld format–––SEC
KVHIKVH Industries IncApr 12, 202113DOld format–New–SEC
Leaf Group Ltd.Apr 7, 202113D/AOld format–––SEC
IMMRImmersion CorpFeb 19, 202113D/AOld format–––SEC
Leaf Group Ltd.Feb 17, 202113D/AOld format–––SEC
Leaf Group Ltd.Jan 20, 202113D/AOld format–––SEC