1y return+0.4%S&P 500 +20.9%
3y return+27.7%S&P 500 +68.5%
These returns are for its stock picks as disclosed on Form 13F: last quarter's holdings, valued at this quarter's prices. They miss trades within each quarter, short positions, options, bonds, cash and fees, so they aren't the returns its clients got.
$100 invested in its stock picks
Since June 30, 2022: $140 against $198 in the S&P 500.2
Atlas FRM LLCS&P 500 (SPY)
Top holdings
At the end of June 30, 2026. Change is in shares since the quarter before.2
| Stock | Value | Share of portfolio | Change |
|---|---|---|---|
| IPInternational Paper Co | $374.9M | 16.1% | +29.6% |
| PKGPackaging Corp Of America | $365.2M | 15.6% | |
| WCNWaste Connections Inc | $251.7M | 10.8% | New |
| SLVMSylvamo Corp | $238.6M | 10.2% | |
| SUZSuzano Sa - Adr | $188.7M | 8.1% | +27.2% |
| FBINFortune Brands Innovations Inc | $100.2M | 4.3% | −16.1% |
| ATRAptargroup Inc | $83.9M | 3.6% | +91.4% |
| RYNRayonier Inc | $83.8M | 3.6% | +720.8% |
| WYWeyerhaeuser Co | $72.8M | 3.1% | +1500.0% |
| BLDRBuilders FirstSource Inc | $64.2M | 2.8% | +832.5% |
| LGIHLgi Homes Inc | $61.6M | 2.6% | +51.1% |
| FCFSFirstcash Holdings Inc | $58.4M | 2.5% | |
| FNDFloor & Decor Holdings Inc-a | $55.2M | 2.4% | +4.0% |
| EZPWEzcorp Inc-cl A(nsm) | $50.1M | 2.1% | |
| WFGWest Fraser Timber Co Ltd | $50.1M | 2.1% | +1221.4% |
| SLGNSilgan Holdings Inc | $48.2M | 2.1% | +19.5% |
| MBCMasterbrand Inc | $47.6M | 2.0% | +255.7% |
| GBXGreenbrier Companies Inc | $38.6M | 1.7% | +215.6% |
| BCCBoise Cascade Co | $34.5M | 1.5% | +985.4% |
| CXCemex Sab-spons Adr Part Cer | $25.4M | 1.1% | New |
| MTHMeritage Homes Corp | $18.4M | 0.8% | New |
| JBIJanus International Group In | $18.0M | 0.8% | New |
| SONSonoco Products Co | $2.8M | 0.1% | New |
| VMCVulcan Materials Co | $1.5M | 0.1% | New |
| MERCMercer International Inc | $394K | 0.0% | −81.1% |
Best picks still held
How each current holding has done since the quarter it first appeared in its filings (up to six years back).
| Stock | Held since | Return since | Now worth |
|---|---|---|---|
| PKGPackaging Corp Of America | September 30, 2022 | +112.2% | $365.2M |
| EZPWEzcorp Inc-cl A(nsm) | December 31, 2025 | +78.0% | $50.1M |
| LGIHLgi Homes Inc | March 31, 2026 | +61.1% | $61.6M |
| FBINFortune Brands Innovations Inc | March 31, 2026 | +40.9% | $100.2M |
| FCFSFirstcash Holdings Inc | December 31, 2025 | +35.7% | $58.4M |
| SLVMSylvamo Corp | December 31, 2021 | +35.6% | $238.6M |
| MBCMasterbrand Inc | March 31, 2026 | +23.8% | $47.6M |
| SLGNSilgan Holdings Inc | December 31, 2025 | +14.9% | $48.2M |
| BLDRBuilders FirstSource Inc | March 31, 2026 | +8.7% | $64.2M |
| WFGWest Fraser Timber Co Ltd | March 31, 2026 | +3.7% | $50.1M |
Sold off last quarter
- HRLHormel Foods Corp was $64.0M
- MHKMohawk Inds Inc was $16.2M
- American Woodmark CorpCUSIP 030506109 was $11.8M
- XLPSelect Sector Spdr Tr was $4.1M
Quarter by quarter
| Quarter | Its picks | S&P 500 |
|---|---|---|
| June 30, 2026 | +5.4% | +14.8% |
| March 31, 2026 | −4.4% | −4.6% |
| December 31, 2025 | −0.9% | +2.4% |
| September 30, 2025 | +0.5% | +7.8% |
| June 30, 2025 | −14.9% | +10.5% |
| March 31, 2025 | −11.2% | −4.6% |
| December 31, 2024 | −3.9% | +2.1% |
| September 30, 2024 | +16.2% | +5.4% |
| June 30, 2024 | +4.5% | +4.0% |
| March 31, 2024 | +17.9% | +10.0% |
| December 31, 2023 | +10.0% | +11.2% |
| September 30, 2023 | +11.2% | −3.6% |
| June 30, 2023 | −10.7% | +8.3% |
| March 31, 2023 | −2.3% | +7.0% |
| December 31, 2022 | +30.5% | +7.1% |
| September 30, 2022 | −3.6% | −5.3% |
| March 31, 2022 | +1.8% | −4.9% |
Sources
Every number on this page points here. Each one links to the public record.
- 1SEC EDGAR: Atlas FRM LLC Form 13F filingshttps://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=1879898&type=13F-HR&dateb=&owner=include&count=40CIK 1879898
- 2SEC: 13F for the quarter ended June 30, 2026https://www.sec.gov/Archives/edgar/data/1879898/000187989826000007/Filed August 13, 2026 · accession 0001879898-26-000007