Soapstone Management L.P.
Soapstone Management L.P. is a Maryland-based hedge fund manager founded in 2005 and headquartered in Chevy Chase, MD. The firm manages a single private pooled investment fund, Soapstone Capital LP, and provides investment management services exclusively to qualified individuals and entities. As of 2024, Soapstone Management has approximately 2-4 employees and is led by Jed Nussdorf, who serves as Limited Partner, Managing Member, and Chief Compliance Officer. The firm is a registered investment adviser with the SEC.
Investment Strategy
Soapstone Management L.P. pursues a fundamental, research-driven approach to security selection, aiming to achieve superior risk-adjusted returns relative to the S&P 500 index. The fund primarily invests in equity securities, including derivatives and equity-like instruments, across both developed and emerging markets. Their portfolio demonstrates high concentration in their top 10 holdings, with a significant focus on public equities and a willingness to use derivatives for portfolio management.
Top Holdings
Equity Positions (15)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
C CFG | CITIZENS FINL GROUP INC | 17.08% | $25.7M | 575,000 | $40.41 | $44.75 | +$13.4M |
C CSTM | CONSTELLIUM SE | 15.68% | $23.6M | 1,776,559 | $14.42 | $13.30 | +$7.7M |
A AMZN | AMAZON COM INC | 14.56% | $21.9M | 100,000 | $144.72 | $219.39 | +$2.9M |
P PSA | PUBLIC STORAGE OPER CO | 12.66% | $19.1M | 65,000 | $298.27 | $293.42 | +$3.0M |
A AWK | AMERICAN WTR WKS CO INC NEW | 10.59% | $15.9M | 114,650 | $130.71 | $139.11 | -$2.5M |