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Disclosery

Marcato Capital Management LP

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13F filer, CIK 1541996, San Francisco, CA

Marcato Capital Management LP reported $923,885,000 across 25 holdings for the quarter ended 2018-09-30, in a 13F-HR filed 2018-11-14. Its ten largest share positions make up 86.26% of the portfolio.

Filed (acceptance time not in the bulk data set), ingested 13F-HR 0001172661-18-002194

Period
2018-09-30
Reported value
$924M
Holdings
25
Top 10 weight
86.26%
New
7
Sold out
2

Largest buys vs the previous quarter

SecurityShares changeApprox. value
IAC INTERACTIVECORPadded+471,400$102M
ESTERLINE TECHNOLOGIES CORPnew+924,886$84.1M
EXTENDED STAY AMER INCnew+1,410,200$28.5M
NCLHnew+400,000$23M
UNIVAR INCadded+566,400$17.4M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Largest sells vs the previous quarter

SecurityShares changeApprox. value
IMAXexited-3,160,000-$70M
AIRexited-1,139,389-$53M
DXCreduced-49,600-$4.64M
ITRIreduced-71,687-$4.6M

Ranked by the share change valued at this quarter's implied price (value over shares in the 13F). A position sold out is valued at the previous quarter's price, its last report.

Holdings, Q3 2018

Share positions as resolved from 13F-HR 0001172661-18-002194, largest first. % of portfolio is the value over $876,591,000, the sum of the share positions whose value is usable for ratios (method).

SecurityHistorySharesValue% of portfolioChangeLatest eventTimeline
IAC INTERACTIVECORPIAC INTERACTIVECORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 944,500 shares; 2018Q2: 851,500 shares; 2018Q3: 1,322,900 shares 1,322,900$287M32.71%+471,400
TEXTEREX CORP NEWQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 2,892,929 shares; 2018Q2: 2,896,195 shares; 2018Q3: 2,896,195 shares 2,896,195$116M13.19%0Timeline
ESTERLINE TECHNOLOGIES CORPESTERLINE TECHNOLOGIES CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: 924,886 shares 924,886$84.1M9.6%new
UNIVAR INCUNIVAR INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 1,091,600 shares; 2018Q2: 1,091,600 shares; 2018Q3: 1,658,000 shares 1,658,000$50.8M5.8%+566,400
DXCDXC TECHNOLOGY COQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 596,000 shares; 2018Q2: 579,600 shares; 2018Q3: 530,000 shares 530,000$49.6M5.65%-49,600Timeline
ITRIITRON INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 937,000 shares; 2018Q2: 839,687 shares; 2018Q3: 768,000 shares 768,000$49.3M5.62%-71,687Timeline
RYAMRAYONIER ADVANCED MATLS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 2,182,000 shares; 2018Q2: 2,182,000 shares; 2018Q3: 2,279,500 shares 2,279,500$42M4.79%+97,500Timeline
EXTENDED STAY AMER INCEXTENDED STAY AMER INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: 1,410,200 shares 1,410,200$28.5M3.25%new
ASTEASTEC INDS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 525,845 shares; 2018Q2: 525,845 shares; 2018Q3: 525,845 shares 525,845$26.5M3.02%0Timeline
NCLHNORWEGIAN CRUISE LINE HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: 400,000 shares 400,000$23M2.62%newTimeline
TPHSTRINITY PLACE HLDGS INC COM STQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 3,815,332 shares; 2018Q2: 3,702,146 shares; 2018Q3: 3,702,146 shares 3,702,146$22.5M2.57%0Timeline
THRMGENTHERM INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 221,281 shares; 2018Q2: 356,281 shares; 2018Q3: 356,281 shares 356,281$16.2M1.85%0Timeline
BLDRBUILDERS FIRSTSOURCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 678,000 shares; 2018Q2: 639,000 shares; 2018Q3: 914,000 shares 914,000$13.4M1.53%+275,000Timeline
FBINFORTUNE BRANDS INNOVATIONS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: 250,000 shares 250,000$13.1M1.49%newTimeline
FGL HLDGSFGL HLDGSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 1,166,700 shares; 2018Q2: 1,166,700 shares; 2018Q3: 1,166,700 shares 1,166,700$10.4M1.19%0
COREPOINT LODGING INCCOREPOINT LODGING INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: 330,000 shares; 2018Q3: 445,000 shares 445,000$8.65M0.99%+115,000
VRTSVIRTUS INVT PARTNERS INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 74,800 shares; 2018Q2: 70,500 shares; 2018Q3: 70,500 shares 70,500$8.02M0.91%0Timeline
CRAFT BREW ALLIANCE INCCRAFT BREW ALLIANCE INCQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 407,009 shares; 2018Q2: 407,009 shares; 2018Q3: 407,009 shares 407,009$6.66M0.76%0
HORIZON GLOBAL CORPHORIZON GLOBAL CORPQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 838,000 shares; 2018Q2: 838,000 shares; 2018Q3: 838,000 shares 838,000$5.97M0.68%0
LINDLINDBLAD EXPEDITIONS HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 389,336 shares; 2018Q2: 389,336 shares; 2018Q3: 389,336 shares 389,336$5.79M0.66%0Timeline
Fgl Holdings Wt ExpFgl Holdings Wt ExpQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 1,030,000 shares; 2018Q2: 2,779,991 shares; 2018Q3: 2,779,991 shares 2,779,991$5.48M0.62%0
UNIVAR SOLUTIONSUNIVAR SOLUTIONSQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: 2,500,000 shares 2,500,000$2.57M0.29%new
LINDBLAD EXPEDITIONS HLDGS ILINDBLAD EXPEDITIONS HLDGS IQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: 320,127 shares; 2018Q2: 320,127 shares; 2018Q3: 320,127 shares 320,127$1.31M0.15%0
DIVERSIFIED RESTAURANT HOLDIDIVERSIFIED RESTAURANT HOLDIQuarterly shares; oldest to newest; scale is this security's eight-quarter maximum; 2016Q4: restricted; 2017Q1: restricted; 2017Q2: restricted; 2017Q3: restricted; 2017Q4: restricted; 2018Q1: not reported; 2018Q2: not reported; 2018Q3: 229,150 shares 229,150$321K0.04%new

Options

Puts and calls, as filed. The amount and value describe the underlying shares, not the option premium, so they stay out of % of portfolio (H5).

SecurityTypeAmountValueChange
ESTERLINE TECHNOLOGIES CORPESTERLINE TECHNOLOGIES CORP COMcall520,000$47.3Mnew

Sold out in Q3 2018

Positions in the previous quarter's report that this quarter's report no longer lists.

SecurityShares beforeValue beforeType
IMAXIMAX CORP3,160,000$70Mshares
AIRAAR CORP1,139,389$53Mshares

How Q3 2018 was built

Available 13F filings of this filer for the quarter and their roles: the base report is the latest original or restatement, NEW HOLDINGS amendments filed after it are added (method).

FilingRoleAmendmentFiledAcceptedIngested
13F-HR 0001172661-18-002194 base2018-11-14acceptance time not in the bulk data set