12th Street Asset Management Company, LLC
12th Street Asset Management Company, LLC is an independently owned, SEC-registered investment advisor founded in 2007 and headquartered in Nashville, TN. The firm provides discretionary portfolio management services to individual and institutional investors through separately managed accounts, sub-advisory accounts, model portfolios, and a pooled investment vehicle (12th Street Asset Management, LP). It primarily invests in U.S. companies traded on U.S. exchanges and offers three equity investment strategies: LP, Opportunity, and Small Cap Value. The firm is led by founder and managing principal Michael G. O’Keefe, with D. Andrew Shipman as a partner and minority owner.
Investment Strategy
The firm offers three equity strategies: LP, Opportunity, and Small Cap Value, focusing on U.S. companies traded on U.S. exchanges. It emphasizes determining fair value for each stock and establishing a margin of safety as key to risk management.
Top Holdings
Equity Positions (29)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
K KEX | KIRBY CORP | 9.48% | $55.1M | 486,235 | $107.55 | $113.41 | +$14.1M |
C CLH | CLEAN HARBORS INC | 8.65% | $50.3M | 217,632 | $90.25 | $231.18 | +$12.3M |
B BIL | SPDR SER TR SPDR BLOOMBERG | 7.85% | $45.7M | 497,726 | $91.65 | $91.73 | -$29.3M |
P PNFP | PINNACLE FINL PARTNERS INC | 6.17% | $35.9M | 324,938 | $88.64 | $110.41 | -$358.2K |
L LKQ | LKQ CORP | 5.80% | $33.8M | 912,288 | $37.89 | $37.01 | -$7.0M |