Ack Asset Management Llc

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Ack Asset Management Llc is a New York-based hedge fund that was founded by Richard S. Meisenberg. It had more than $419.76 million assets under management in April, 2014. Taken from Ack Asset Management latest Adv, the fund reported to have 10 full and part-time employees. Among which 5 performing investment advisory and research functions. The hedge fund had between 1-10 clients. Founder and manager of ACK Asset Management, Richard S. Meisenberg is a man who possesses a strategy that rests solely on three things: a wide outlook on the economy, a short/long policy and the eye for catalysts. Before forming an asset management company of his own in 2005, he was a former analyst focused on small – and mid – cap stocks at Oppenheimer & Co. and Smith Barney. He also became a founding partner of the Palisade Capital Management. As it happens, ACK Asset Management is not actually owned alone by Richard as he has John H. Reilly III as his main business partner.

Portfolio Q32016
Market Value:$329,908,000
Previous Mkt Value:$336,452,000
Chg Mkt Value %:-1.95 %
Turnover %:12.21 %
Stocks Activity
New Purchases:11
Additional Purchases:12
Sold out:7
Top 10 Holdings %:59.6%

Richard S. Meisenberg – Ack Asset Management Llc Portfolio Holdings

13F Report Date: 9/30/2016

ACK ASSET MANAGEMENT Sector Weightings & New Holdings

Top 5 New Buys
John B. Sanfilippo & Son Inc4.01%
Leidos Holdings Inc2.49%
Yrc Worldwide Inc1.98%
Valmont Industries1.71%
Verint Systems Inc1.65%
13F Sector Allocation
Industrials23 %
Other19 %
Information Technology16 %
Materials15 %
Consumer Staples7 %

ACK ASSET MANAGEMENT AUM, Portfolio Value and Historical 13F

Richard S. Meisenberg’s Ack Asset Management Llc had $419.76 million assets under management as of Monday, April 14, 2014. The historical portfolio values of the hedge fund were:

$260,015,000 in 2013Q3 – 13F Filing Available

$303,177,000 in 2013Q4 – 13F Filing Available

$303,678,000 in 2014Q1 – 13F Filing Available

$332,746,000 in 2014Q2 – 13F Filing Available

$278,377,000 in 2014Q3 – 13F Filing Available

$277,399,000 in 2014Q4 – 13F Filing Available

$316,603,000 in 2015Q1 – 13F Filing Available

$357,749,000 in 2015Q2 – 13F Filing Available

$238,895,000 in 2015Q3 – 13F Filing Available

$195,138,000 in 2015Q4 – 13F Filing Available

$254,148,000 in 2016Q1 – 13F Filing Available

$336,452,000 in 2016Q2 – 13F Filing Available

$329,908,000 in 2016Q3 – 13F Filing Available

*Institutional Portfolio Holdings information is filed by institutions with over $100 million in AUM on form 13F with the SEC.

*% AUM is the stock or security value as a percentage of the assets under management. AUM is taken from the latest fund filed SEC Adv.

*The portfolio holdings report is limited to stocks and stock options of common and other shares, convertible preferred and convertible bonds. The report does not include cash, real estate and fixed income securities.

*Sentiment could be wrong because the fund might have increase or decrease its portfolio because of investments inflow or because an increase in short positions.


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