Arnaud Ajdler’s Engine Capital Management’s Returns, AUM, and Holdings

As of December 31st, 2018, the fund’s largest holding was Quanta Services Inc (NYSE:PWR) which happened to be also one of its most important new acquisitions this Q4 of 2018. The fund purchased 675,583 shares with a value of $20.34 million. Quanta Services specializes in providing infrastructure solutions for the electric power, oil, gas and communication industries.

The second most significant holding was Hill International Inc (NYSE:HIL), which is also a relevant new addition. The fund acquired 5,555,256 shares valued at $17.11. Hill International provides services of program management, project management, and other consulting services to the building, transportation, environmental and industrial sectors.
Other interesting positions added during this Q4 of 2018 were Resideo Technologies Inc (NYSE:REZI), the provider of safety and security solutions, in which the fund purchased 704,868 shares worth $14.49 million. Another one was Kbr Inc (NYSE:KBR) counting 364,018 shares acquired and valued in $5.53 million. Kbr is a provider of solutions and technology to different sectors; these services include systems engineering, test and evaluation, program management, maintenance, and field logistics.

Investor’s optimism can be noticed with an increase of 7253%  in its stake in Everi Holdings Inc. (NYSE:EVRI) collecting 1,764,675 shares with a value of $9.09 million. Furthermore, it boosted its investment in Team Inc. (NYSE:TISI) by 4690% acquiring a total of 220,572 shares worth $ 3.23 million.

On the other hand, some of the fund’s holdings shrank noticeably. For instance, its stake in Flex Ltd (NASDAQ:FLEX)  decreased by 99% counting 6095 shares worth $46.000. So was the case of Tech Data Corp (NASDAQ:TECD) with a reduction of 93% to 8,695 shares valued at $711.000.

At the end of Q4 of 2018, Engine Capital decided to sell the total of its 65,707 shares in Forest City Realty Trust (NYSE:FCEA) worth $ 1.65 million and its 94,004 shares in Avid Technology Inc (NASDAQ:AVID) valued at $557,000.

Disclosure: None

This article was originally published at Insider Monkey.