MESSNER & SMITH THEME VALUE INVESTMENT MANAGEMENT LTD /CA/

13F filer, CIK 883487, SAN DIEGO, CA

MESSNER & SMITH THEME VALUE INVESTMENT MANAGEMENT LTD /CA/ reported $54,248,000 across 83 holdings for the quarter ended 2016-06-30, in a 13F-HR filed 2016-08-10. Its ten largest share positions make up 40.97% of the portfolio.

Filed 2016-08-10 (acceptance time not in the bulk data set), ingested 2026-10-07 19:12:22 UTC13F-HR 0000883487-16-000007

Period: 2016-06-30
Reported value: $54.2M
Holdings: 83
Top 10 weight: 40.97%
New: 4
Sold out: 4

Largest buys vs the previous quarter

Security	Shares change	Approx. value
PAGnew	+36,609	$1.15M
GNTXnew	+58,638	$906K
WDCadded	+18,343	$867K
CVXadded	+4,740	$497K
WYadded	+12,200	$363K

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

Security	Shares change	Approx. value
IONSreduced	-40,117	-$1.02M
TPHexited	-61,995	-$730K
CVGWreduced	-10,839	-$726K
SENOMYX INCreduced	-112,179	-$309K
SWKSreduced	-2,982	-$218K

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, Q2 2016

Share positions as resolved from 13F-HR 0000883487-16-000007, largest first. % of portfolio is the value over $54,248,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
CALLIDUS SOFTWARE INCCALLIDUS SOFTWARE INC	140,130	$2.8M	5.16%	-1,179
ABIOMED INC COMABIOMED INC COM	24,226	$2.65M	4.88%	-342	The CUSIP as filed is malformed.
CVGWCALAVO GROWERS INC	38,115	$2.55M	4.71%	-10,839		Timeline
AMBAAMBARELLA INC	46,961	$2.39M	4.4%	-375		Timeline
ILMNILLUMINA INC	16,142	$2.27M	4.18%	+331		Timeline
IWSISHARES TR	27,171	$2.02M	3.72%	0		Timeline
PSECPROSPECT CAP CORP	255,884	$2M	3.69%	-2,732		Timeline
MTZMASTEC INC	88,291	$1.97M	3.63%	-1,001		Timeline
American National Insurance…American National Insurance Co	16,566	$1.87M	3.45%	-112	The CUSIP as filed is malformed.
HD SUPPLY HLDGS INCHD SUPPLY HLDGS INC	48,995	$1.71M	3.14%	-447
WDCWESTERN DIGITAL CORP	33,992	$1.61M	2.96%	+18,343		Timeline
ONON SEMICONDUCTOR CORP	176,016	$1.55M	2.86%	-752		Timeline
PRIVATEBANCORP INCPRIVATEBANCORP INC	35,047	$1.54M	2.84%	-288
MUMICRON TECHNOLOGY INC	109,525	$1.51M	2.78%	+2,313		Timeline
JNJJOHNSON & JOHNSON	11,128	$1.35M	2.49%	-40		Timeline
PAGPENSKE AUTOMOTIVE GRP INC	36,609	$1.15M	2.12%	new		Timeline
ERIEERIE INDTY CO	11,375	$1.13M	2.08%	-29		Timeline
CVXCHEVRON CORPORATION	8,900	$933K	1.72%	+4,740		Timeline
GNTXGENTEX CORP	58,638	$906K	1.67%	new		Timeline
MTS SYSTEMS CORPMTS SYSTEMS CORP	20,413	$895K	1.65%	-95
ROSTROSS STORES INC	15,482	$877K	1.62%	-232		Timeline
TJXTJX COS INC NEW	11,227	$867K	1.6%	0		Timeline
GTT COMMUNICATIONS INCGTT COMMUNICATIONS INC	46,463	$858K	1.58%	-410
HARMAN INTL INDS INCHARMAN INTL INDS INC	11,833	$850K	1.57%	-60
VZVERIZON COMMUNICATIONS INC	14,990	$837K	1.54%	-50		Timeline
TAT&T INC	17,457	$754K	1.39%	-495		Timeline
PAHCPHIBRO ANIMAL HEALTH CORP	39,573	$739K	1.36%	+12,771		Timeline
XOMEXXON MOBIL CORP	7,137	$669K	1.23%	0		Timeline
Vanguard GNMA Fund Investor…Vanguard GNMA Fund Investor Sh	60,826	$660K	1.22%	+349
VFCV F CORP	10,410	$640K	1.18%	-45		Timeline
SENOMYX INCSENOMYX INC	228,131	$628K	1.16%	-112,179
CONTANGO OIL & GAS CO COM N…CONTANGO OIL & GAS CO COM NEW	48,940	$599K	1.1%	-32
MMM3M CO	3,200	$560K	1.03%	0		Timeline
GILDGILEAD SCIENCES INC	6,658	$556K	1.02%	-142		Timeline
WELLWELLTOWER INC	7,150	$545K	1%	0		Timeline
GENERAL ELEC COGENERAL ELEC CO	16,380	$516K	0.95%	-300
ABBOTT LABORATORIESABBOTT LABORATORIES	11,104	$436K	0.8%	0	The CUSIP as filed is malformed.
PFEPFIZER INC	12,010	$423K	0.78%	+190		Timeline
MITKMITEK SYS INC	58,635	$417K	0.77%	-3,400		Timeline
NSCNORFOLK SOUTHN CORP	4,880	$415K	0.77%	0		Timeline
BOEING CO.BOEING CO.	3,190	$414K	0.76%	-220	The CUSIP as filed is malformed.
CELGENE CORPCELGENE CORP	4,092	$404K	0.74%	0
ALLEGHANY CORP COMALLEGHANY CORP COM	700	$385K	0.71%	0	The CUSIP as filed is malformed.
WYWEYERHAEUSER CO	12,700	$378K	0.7%	+12,200		Timeline
BMYBRISTOL-MYERS SQUIBB CO	5,123	$377K	0.69%	0		Timeline
UNPUNION PAC CORP	3,920	$342K	0.63%	0		Timeline
Dow Chemical CompanyDow Chemical Company	6,864	$342K	0.63%	0
RAYTHEON CORAYTHEON CO	2,445	$332K	0.61%	0
DEDEERE & CO	4,000	$324K	0.6%	0		Timeline
MEAD JOHNSON NUTRITION COMEAD JOHNSON NUTRITION CO	3,560	$323K	0.6%	0
MSFTMICROSOFT CORP	6,140	$314K	0.58%	0		Timeline
VANGUARD INTERMEDIATE TERM …VANGUARD INTERMEDIATE TERM CORP B…	31,141	$314K	0.58%	new
HTOH2O AMERICA	7,740	$305K	0.56%	0		Timeline
CREDIT SUISSE NASSAU BRHCREDIT SUISSE NASSAU BRH	25,290	$274K	0.51%	+2,000
UNILEVER N VUNILEVER N V	5,600	$263K	0.48%	0
KOCOCA COLA CO	5,770	$262K	0.48%	+70		Timeline
SNASNAP ON INC	1,470	$232K	0.43%	0		Timeline
ENSCO PLCENSCO PLC	21,524	$209K	0.39%	+500
TROVAGENE INCTROVAGENE INC	36,075	$163K	0.3%	-1,500
ORGANOVO HOLDINGS INCORGANOVO HOLDINGS INC	41,230	$153K	0.28%	-1,310
LYTSLSI INDS INC OHIO	13,000	$144K	0.27%	0		Timeline
FNMAFEDERAL NATL MTG ASS 000000	34,900	$70K	0.13%	new		Timeline
CDECOEUR MNG INC	4,825	$51K	0.09%	0		Timeline
NEMNEWMONT CORP	800	$31K	0.06%	0		Timeline
ASTROTECH CORPASTROTECH CORP	16,100	$27K	0.05%	+1,600	The CUSIP as filed is malformed.
MCDERMOTT INTL INCMCDERMOTT INTL INC	5,250	$26K	0.05%	0
XBISPDR SERIES TRUST	445	$24K	0.04%	0		Timeline
CELGENE CORPCELGENE CORP	15,000	$22K	0.04%	+800
FLRFLUOR CORP	400	$19K	0.04%	0		Timeline
FIREEYE INCFIREEYE INC	1,142	$19K	0.04%	0
KBHKB HOME	949	$14K	0.03%	-506		Timeline
TRONOX LTDTRONOX LTD	2,484	$11K	0.02%	0
ISHARES GOLD TRUSTISHARES GOLD TRUST	656	$8K	0.01%	0
ABRDN PHYSICAL SILVER SHARE…ABRDN PHYSICAL SILVER SHARES ETF	324	$6K	0.01%	0
IONSIONIS PHARMACEUTICALS INC	197	$5K	0.01%	-40,117		Timeline
INTREPID POTASH INCINTREPID POTASH INC	2,565	$4K	0.01%	0
SWKSSKYWORKS SOLUTIONS INC	41	$3K	0.01%	-2,982		Timeline
MILLS MUSIC TRUSTMILLS MUSIC TRUST	100	$3K	0.01%	0
PCSVPCS EDVENTURES COM INC	20,700	$2K	<0.01%	0		Timeline
PREMIER EXHIBITIONS INCPREMIER EXHIBITIONS INC	2,300	$2K	<0.01%	+2,000
EXCO RESOURCES INCEXCO RESOURCES INC	1,000	$1K	<0.01%	0
COMSTOCK RESOURCES INCCOMSTOCK RESOURCES INC	6	$0	0%	0	Value filed as zero, left out of ratios.
CALIFORNIA RES CORP COMCALIFORNIA RES CORP COM	2	$0	0%	-22	Value filed as zero, left out of ratios.

Sold out in Q2 2016

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

Security	Shares before	Value before	Type
TPHTRI POINTE HOMES INC	61,995	$730K	shares
VANGUARD SHORT-TERM TAX-EXE…VANGUARD SHORT-TERM TAX-EXEMPT FU…	10,255	$162K	shares
PACIFIC DRILLING SA LUXEMBOUPACIFIC DRILLING SA LUXEMBOU	10,000	$5K	shares
CUBIC CORPCUBIC CORP	5	$0	shares

How Q2 2016 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).

Filing	Role	Amendment	Filed	Accepted	Ingested
13F-HR 0000883487-16-000007	base		2016-08-10	acceptance time not in the bulk data set	2026-10-07 19:12:22 UTC