Soapstone Management L.P.

All Holdings — 2025 Q4

AI Portfolio Summary
In 2025 Q4, Soapstone Management L.P. maintained a portfolio of 15 distinct positions. The most significant new addition to the portfolio was BALL CORP, which now represents 7.81% of the total fund value. They heavily accumulated shares in ALAMOS GOLD INC NEW, increasing their position by 123.8%. Conversely, Soapstone Management L.P. completely exited their position in BECTON DICKINSON & C.
PCA Score Concentration Risk
Risk ENB
Total Positions
15
Quarter
2025 Q4
Top Holding
AGI (19.8%)
Top 10 Concentration
96.6%
Turnover Rate
23.4%
Sector HHI
0.18
Items per page:
1-15 of 15
Stock History Sector / Type Port % Prev % Rank / Prev Conviction Change % Change Influence Shares Mkt Value Avg Cost Price Held 1st Owned Source Source Date Date Reported
AGI
ALAMOS GOLD INC...
Basic Materials 19.77% 7.35% #1 6
Prev: #7
10.0 384,594 123.8%
P
S
695,285 $26,824,095 2025 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
CSTM
CONSTELLIUM SE
Basic Materials 18.75% 16.86% #2 1
Prev: #1
7.6 -319,099 -19.1%
P
S
1,350,000 $25,447,500 2021 Q1 13F Filing 2025-12-31 2026-02-14 (Est.)
PSA
PUBLIC STORAGE ...
Real Estate 14.34% 14.71% #3
Prev: #3
5.7 no change no change
P
S
75,000 $19,462,500 2019 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
CFG
CITIZENS FINL G...
Financial Services 9.68% 15.34% #4 2
Prev: #2
4.0 -200,000 -47.1%
P
S
225,000 $13,142,250 2020 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
MTN
VAIL RESORTS IN...
Consumer Cyclical 7.83% 8.43% #5 1
Prev: #6
3.1 -3,023 -3.6%
P
S
80,000 $10,624,000 2024 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BALL
BALL CORP
Consumer Cyclical 7.81% #6
Prev: #—
5.1 200,000 no change
NEW
200,000 $10,594,000 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AWK
AMERICAN WTR WK...
Utilities 7.21% 13.70% #7 3
Prev: #4
3.0 -70,030 -48.3%
P
S
75,000 $9,787,500 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AMZN
AMAZON COM INC
Consumer Cyclical 7.02% 10.06% #8 3
Prev: #5
2.9 -26,250 -38.9%
P
S
41,250 $9,521,325 2021 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
OLN
OLIN CORP
Basic Materials 2.30% 2.54% #9 2
Prev: #11
0.9 no change no change
P
S
150,000 $3,124,500 2018 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
AEM
AGNICO EAGLE MI...
Basic Materials 1.87% 3.43% #10 2
Prev: #8
0.9 -15,000 -50.0%
P
S
15,000 $2,542,950 2024 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
KNF
KNIFE RIVER COR...
Basic Materials 1.77% #11
Prev: #—
2.7 34,071 no change
NEW
34,071 $2,396,895 2023 Q2 13F Filing 2025-12-31 2026-02-14 (Est.)
BLDR
BUILDERS FIRSTS...
Industrials 1.14% 1.23% #12
Prev: #12
0.5 no change no change
P
S
15,000 $1,543,350 2017 Q4 13F Filing 2025-12-31 2026-02-14 (Est.)
NEOG
NEOGEN CORP
Healthcare 0.52% 0.39% #13
Prev: #13
0.2 no change no change
P
S
100,000 $699,000 2022 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
BDX
BECTON DICKINSO...
Healthcare 0.00% 2.99%
Sold All 😨
(Was: #9)
0.3 -23,500 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
COO
COOPER COS INC
Healthcare 0.00% 2.97%
Sold All 😨
(Was: #10)
0.3 -63,750 -100.0%
CLOSED
$— 2025 Q3 13F Filing 2025-12-31 2026-02-14 (Est.)
Showing 1-15 of 15 holdings

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