MESSNER & SMITH THEME VALUE INVESTMENT MANAGEMENT LTD /CA/

13F filer, CIK 883487, SAN DIEGO, CA

MESSNER & SMITH THEME VALUE INVESTMENT MANAGEMENT LTD /CA/ reported $62,208,000 across 90 holdings for the quarter ended 2016-09-30, in a 13F-HR filed 2016-11-10. Its ten largest share positions make up 34.99% of the portfolio.

Filed 2016-11-10 (acceptance time not in the bulk data set), ingested 2026-10-07 19:11:14 UTC13F-HR 0000883487-16-000008

Period: 2016-09-30
Reported value: $62.2M
Holdings: 90
Top 10 weight: 34.99%
New: 13
Sold out: 6

Largest buys vs the previous quarter

Security	Shares change	Approx. value
COMSCORE INCnew	+56,679	$1.74M
CCLnew	+31,278	$1.53M
Applied Materialsnew	+45,132	$1.36M
LUXOFT HLDG INCnew	+24,265	$1.28M
OLNnew	+52,587	$1.08M

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
AMBAexited	-46,961	-$2.39M
MTZreduced	-39,977	-$1.19M
IWSreduced	-11,030	-$847K
PSECreduced	-78,832	-$638K
PRIVATEBANCORP INCreduced	-3,503	-$161K

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 2016

Share positions as resolved from 13F-HR 0000883487-16-000008, largest first. % of portfolio is the value over $62,208,000, the sum of the share positions whose value is usable for ratios (method).

Security	Shares	Value	% of portfolio	Change	Latest event	Timeline
ABIOMED INC COMABIOMED INC COM	23,212	$2.98M	4.8%	-1,014	The CUSIP as filed is malformed.
ILMNILLUMINA INC	15,390	$2.8M	4.49%	-752		Timeline
CALLIDUS SOFTWARE INCCALLIDUS SOFTWARE INC	133,899	$2.46M	3.95%	-6,231
CVGWCALAVO GROWERS INC	36,237	$2.37M	3.81%	-1,878		Timeline
ONON SEMICONDUCTOR CORP	168,763	$2.08M	3.34%	-7,253		Timeline
American National Insurance…American National Insurance Co	15,829	$1.93M	3.1%	-737	The CUSIP as filed is malformed.
WDCWESTERN DIGITAL CORP	31,780	$1.86M	2.99%	-2,212		Timeline
MUMICRON TECHNOLOGY INC	103,919	$1.85M	2.97%	-5,606		Timeline
COMSCORE INCCOMSCORE INC	56,679	$1.74M	2.79%	new
PAGPENSKE AUTOMOTIVE GRP INC	35,398	$1.71M	2.74%	-1,211		Timeline
CCLCARNIVAL CORP	31,278	$1.53M	2.45%	new		Timeline
HD SUPPLY HLDGS INCHD SUPPLY HLDGS INC	45,482	$1.45M	2.34%	-3,513
PRIVATEBANCORP INCPRIVATEBANCORP INC	31,544	$1.45M	2.33%	-3,503
MTZMASTEC INC	48,314	$1.44M	2.31%	-39,977		Timeline
PSECPROSPECT CAP CORP	177,052	$1.43M	2.31%	-78,832		Timeline
Applied MaterialsApplied Materials	45,132	$1.36M	2.19%	new	The CUSIP as filed is malformed.
LUXOFT HLDG INCLUXOFT HLDG INC	24,265	$1.28M	2.06%	new
JNJJOHNSON & JOHNSON	10,628	$1.25M	2.02%	-500		Timeline
IWSISHARES TR	16,141	$1.24M	1.99%	-11,030		Timeline
MTS SYSTEMS CORPMTS SYSTEMS CORP	26,821	$1.23M	1.98%	+6,408
ROSTROSS STORES INC	17,358	$1.12M	1.79%	+1,876		Timeline
ERIEERIE INDTY CO	10,774	$1.1M	1.77%	-601		Timeline
OLNOLIN CORP	52,587	$1.08M	1.73%	new		Timeline
CONTANGO OIL & GAS CO COM N…CONTANGO OIL & GAS CO COM NEW	101,991	$1.04M	1.68%	+53,051
GTT COMMUNICATIONS INCGTT COMMUNICATIONS INC	44,226	$1.04M	1.67%	-2,237
PAHCPHIBRO ANIMAL HEALTH CORP	37,262	$1.01M	1.63%	-2,311		Timeline
GNTXGENTEX CORP	56,207	$987K	1.59%	-2,431		Timeline
RACKSPACE HOSTING INCRACKSPACE HOSTING INC	30,410	$964K	1.55%	new
HARMAN INTL INDS INCHARMAN INTL INDS INC	11,241	$950K	1.53%	-592
SENOMYX INCSENOMYX INC	219,921	$937K	1.51%	-8,210
CVXCHEVRON CORPORATION	8,900	$916K	1.47%	0		Timeline
TJXTJX COS INC NEW	10,447	$781K	1.26%	-780		Timeline
VZVERIZON COMMUNICATIONS INC	14,990	$779K	1.25%	0		Timeline
TAT&T INC	17,457	$709K	1.14%	0		Timeline
Vanguard GNMA Fund Investor…Vanguard GNMA Fund Investor Sh	61,135	$665K	1.07%	+309
MMM3M CO	3,200	$564K	0.91%	0		Timeline
XOMEXXON MOBIL CORP	6,362	$555K	0.89%	-775		Timeline
VFCV F CORP	9,800	$550K	0.88%	-610		Timeline
WELLWELLTOWER INC	7,150	$535K	0.86%	0		Timeline
KANSAS CITY LIFE INSURANCEKANSAS CITY LIFE INSURANCE	13,070	$526K	0.85%	new
GILDGILEAD SCIENCES INC	6,238	$494K	0.79%	-420		Timeline
GENERAL ELEC COGENERAL ELEC CO	16,380	$485K	0.78%	0
NSCNORFOLK SOUTHN CORP	4,880	$474K	0.76%	0		Timeline
ABBOTT LABORATORIESABBOTT LABORATORIES	11,104	$470K	0.76%	0	The CUSIP as filed is malformed.
MITKMITEK SYS INC	56,135	$465K	0.75%	-2,500		Timeline
PFEPFIZER INC	12,010	$407K	0.65%	0		Timeline
WYWEYERHAEUSER CO	12,700	$406K	0.65%	0		Timeline
BOEING CO.BOEING CO.	3,040	$400K	0.64%	-150	The CUSIP as filed is malformed.
CELGENE CORPCELGENE CORP	3,682	$385K	0.62%	-410
UNPUNION PAC CORP	3,920	$382K	0.61%	0		Timeline
ALLEGHANY CORP COMALLEGHANY CORP COM	700	$368K	0.59%	0	The CUSIP as filed is malformed.
Dow Chemical CompanyDow Chemical Company	6,864	$356K	0.57%	0
MSFTMICROSOFT CORP	6,140	$354K	0.57%	0		Timeline
DEDEERE & CO	4,000	$341K	0.55%	0		Timeline
HTOH2O AMERICA	7,740	$338K	0.54%	0		Timeline
RAYTHEON CORAYTHEON CO	2,445	$333K	0.54%	0
VANGUARD INTERMEDIATE TERM …VANGUARD INTERMEDIATE TERM CORP B…	31,368	$317K	0.51%	+227
MEAD JOHNSON NUTRITION COMEAD JOHNSON NUTRITION CO	3,560	$281K	0.45%	0
BMYBRISTOL-MYERS SQUIBB CO	5,123	$276K	0.44%	0		Timeline
CREDIT SUISSE NASSAU BRHCREDIT SUISSE NASSAU BRH	26,290	$273K	0.44%	+1,000
UNILEVER N VUNILEVER N V	5,600	$258K	0.41%	0
KOCOCA COLA CO	5,700	$241K	0.39%	-70		Timeline
SNASNAP ON INC	1,470	$223K	0.36%	0		Timeline
GLWCORNING INC	9,000	$213K	0.34%	new		Timeline
QCOMQUALCOMM INC	3,000	$206K	0.33%	new		Timeline
ENSCO PLCENSCO PLC	20,649	$176K	0.28%	-875
TROVAGENE INCTROVAGENE INC	36,075	$162K	0.26%	0
ORGANOVO HOLDINGS INCORGANOVO HOLDINGS INC	41,095	$156K	0.25%	-135
FNMAFEDERAL NATL MTG ASS 000000	34,900	$59K	0.09%	0		Timeline
CDECOEUR MNG INC	4,325	$51K	0.08%	-500		Timeline
ASTROTECH CORPASTROTECH CORP	22,800	$38K	0.06%	+6,700	The CUSIP as filed is malformed.
NEMNEWMONT CORP	800	$31K	0.05%	0		Timeline
MCDERMOTT INTL INCMCDERMOTT INTL INC	5,250	$26K	0.04%	0
TRONOX LTDTRONOX LTD	2,484	$23K	0.04%	0
FLRFLUOR CORP	400	$21K	0.03%	0		Timeline
FIREEYE INCFIREEYE INC	1,142	$17K	0.03%	0
CELGENE CORPCELGENE CORP	15,000	$15K	0.02%	0
SOXXISHARES TR	91	$10K	0.02%	new		Timeline
ISHARES GOLD TRUSTISHARES GOLD TRUST	656	$8K	0.01%	0
ABRDN PHYSICAL SILVER SHARE…ABRDN PHYSICAL SILVER SHARES ETF	324	$6K	0.01%	0
CTGOCONTANGO SILVER & GOLD INC	200	$4K	0.01%	new		Timeline
SWKSSKYWORKS SOLUTIONS INC	41	$3K	<0.01%	0		Timeline
INTREPID POTASH INCINTREPID POTASH INC	2,565	$3K	<0.01%	0
PCSVPCS EDVENTURES COM INC	20,700	$2K	<0.01%	0		Timeline
MILLS MUSIC TRUSTMILLS MUSIC TRUST	100	$2K	<0.01%	0
CADUS CORP COMCADUS CORP COM	2,000	$2K	<0.01%	new
EXCO RESOURCES INCEXCO RESOURCES INC	1,000	$1K	<0.01%	0
COMSTOCK RESOURCES INCCOMSTOCK RESOURCES INC	1	$0	0%	-5	Value filed as zero, left out of ratios.
CALIFORNIA RES CORP COMCALIFORNIA RES CORP COM	2	$0	0%	0	Value filed as zero, left out of ratios.

Principal amounts

Notes and convertibles filed as a face amount (PRN). A face amount is never added to a share count (H6).

Security	Type	Amount	Value	Change
COMSTOCK RES INCCOMSTOCK RES INC NOTE 7.750% 4/0	principal	550,000	$399K	new

Sold out in Q3 2016

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

Security	Shares before	Value before	Type
AMBAAMBARELLA INC	46,961	$2.39M	shares
LYTSLSI INDS INC OHIO	13,000	$144K	shares
XBISPDR SERIES TRUST	445	$24K	shares
KBHKB HOME	949	$14K	shares
IONSIONIS PHARMACEUTICALS INC	197	$5K	shares
PREMIER EXHIBITIONS INCPREMIER EXHIBITIONS INC	2,300	$2K	shares

How Q3 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 0000883487-16-000008	base		2016-11-10	acceptance time not in the bulk data set	2026-10-07 19:11:14 UTC