Western Standard LLC
Western Standard LLC is a Los Angeles-based investment management firm founded in 2008. The firm specializes in managing private investment partnerships focused on US and foreign small capitalization stocks, using a research-intensive, value-driven approach. Led by Eric Andersen (Founder & Portfolio Manager), the team includes professionals with backgrounds in investment banking, private equity, and asset management. The firm serves institutional and high-net-worth investors, and a significant portion of assets are owned by employees and their families. Employee count as of recent filings is 7.
Investment Strategy
Western Standard invests globally in publicly traded securities with a primary focus on US and foreign small capitalization stocks. The firm applies a research-intensive, value-driven process that emphasizes downside risk analysis and seeks to provide substantial long-term capital appreciation with minimal risk. Western Standard partners with experienced management teams, often in industries overlooked by institutional investors due to market inefficiencies, and maintains a long-term investment horizon because 25% of assets belong to employees and their families.
Top Holdings
Equity Positions (20)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
E ECVT | ECOVYST INC | 16.33% | $29.4M | 3,566,876 | $7.61 | $8.23 | +$18.7M |
K KROS | KEROS THERAPEUTICS INC | 11.40% | $20.5M | 1,534,893 | $13.07 | $13.35 | +$19.1M |
A ATEC | ALPHATEC HLDGS INC | 7.75% | $13.9M | 1,255,374 | $9.67 | $11.10 | +$2.4M |
0 0H7R.L | ABEONA THERAPEUTICS INC | 6.61% | $11.9M | 2,091,598 | $5.46 | $5.66 | +$1.0M |
T TIGO | MILLICOM INTL CELLULAR S A | 6.55% | $11.8M | 313,943 | $32.30 | $37.47 | +$4.9M |