Institution

Lombardia Capital Partners LLC

13F for March 31, 2017, filed May 15, 2017 · SEC CIK 887211 · Holdings history from March 31, 1999

The latest available holdings for this manager are dated March 31, 2017.

Reported value: $110.2m
Positions we cover: 56
Copy, a year: +9.7%
Copy Sharpe ratio: 0.54

Copy-performance statistics: February 8, 2008 to August 25, 2017. Holdings history can start earlier than the price data used for performance.

Historical holdings

Holdings across the available history, including securities outside our stock coverage. Select a date to view the holdings for that period.

Related reporting managers

SEC notices identify these reporting relationships. Each manager retains its own holdings history; changes in reporting scope can involve several managers.

Reports holdings for Legato Capital Management LLC · SEC notice for March 31, 2014

Holdings date Find a security

106 reported entries for March 31, 2017.

Issuer	Class / type	Reported value	Quantity
Aac Holdings Inc000307108	COM	$579,000	67,924
Advansix Inc00773T101 · ASIX	COM	$503,000	18,421
Allete018522300	COM	$2.4m	35,652
American Equity Invt Lifehldg025676206	COM	$1.8m	78,078
American Woodmark Corp030506109	COM	$1.0m	10,917
Anixter International Inc035290105	COM	$1.1m	14,377
Ares Cap Corp Com04010L103 · ARCC	COM	$2.3m	129,859
Asbury Automotive Group043436104 · ABG	COM	$1.3m	21,534
Atlas Financial Holdings IncG06207115	COM	$565,000	41,415
Babcock & Wilcox Enerprises05614L100 · BW	COM	$825,000	88,308
Banc of California Inc05990K106 · BANC	COM	$593,000	28,654
Bankunited Inc06652K103 · BKU	COM	$1.1m	29,453
Big Lots Inc089302103	COM	$684,000	14,055
Bofi Holding Inc05566U108	COM	$338,000	12,934
Buckle Inc118440106 · BKE	COM	$572,000	30,774
Cal Maine Foods Inc128030202 · CALM	COM	$1.1m	29,756
Cirrus Logic Inc172755100 · CRUS	COM	$1.9m	30,475
Clearwater Paper Corp18538R103 · CLW	COM	$581,000	10,368
Computer Programs & Systems205306103	COM	$931,000	33,242
Convergys Corp212485106	COM	$722,000	34,141
Cousins Properties Inc222795106 · CUZ	COM	$695,000	83,988
Cross Country Healthcare227483104	COM	$845,000	58,868
Dean Foods242370203	COM	$2.0m	99,458
Deluxe Corp248019101 · DLX	COM	$606,000	8,399
Domtar Corporation257559203	COM	$1.6m	44,238
East West Bancorp27579R104 · EWBC	COM	$1.8m	34,784
Emergent Biosolutions Inc29089Q105 · EBS	COM	$1.0m	35,736
Encore Capital Group Inc292554102 · ECPG	COM	$1.7m	56,092
Essendant Inc296689102	COM	$377,000	24,914
Evercore Partners Inc29977A105 · EVR	COM	$475,000	6,093
Express Inc ORD30219E103	COM	$870,000	95,456
Extended Stay America Inc30224P200	COM	$1.6m	97,587
F N B Corp Pa Com302520101 · FNB	COM	$498,000	33,497
Ferro Corp315405100	COM	$994,000	65,429
First Potomac REIT33610F109	COM	$738,000	71,827
Freightcar America Inc357023100 · RAIL	COM	$339,000	27,046
Gain Capital Holdings36268W100	COM	$412,000	49,452
Gamestop Corp36467W109 · GME	COM	$952,000	42,203
Geo Group36162J106 · GEO	COM	$1.5m	31,345
Green Dot Corporation39304D102 · GDOT	COM	$1.6m	48,798
Hawaiian Telecom420031106	COM	$369,000	16,125
Healthsouth Corp421924309	COM	$2.0m	46,217
Helix Energy Solutions Group42330P107 · HOS	COM	$397,000	51,108
Hersha Hosp Trust427825500	COM	$1.3m	67,093
Hibbett Sports Inc428567101	COM	$832,000	28,213
Hope Bancorp, Inc43940T109 · HOPE	COM	$2.1m	111,660
Interface Inc458665304 · TILE	COM	$1.6m	82,772
Janus Capital Group Inc47102X105	COM	$719,000	54,473
Kaiser Aluminum483007704 · KALU	COM	$567,000	7,094
Kforce Inc Com493732101 · KFRC	COM	$272,000	11,451
Kimball International494274103	COM	$641,000	38,858
Knowles Corporation49926D109 · KN	COM	$642,000	33,881
Korn/Ferry International500643200 · KFY	COM	$973,000	30,893
Lannett Co Inc516012101	COM	$1.2m	53,453
Lasalle Hotel Pptys517942108	COM	$1.2m	42,944
Lgi Homes Inc50187T106 · LGIH	COM	$867,000	25,562
Lithia Motors Inc Cl A536797103 · LAD	COM	$1.4m	16,435
MGIC Investment Corp552848103 · MTG	COM	$947,000	93,456
Manning & Napier Inc56382Q102	COM	$202,000	35,471
Matador Resources Co576485205 · MTDR	COM	$603,000	25,336
Medical Properties58463J304 · MPT	COM	$2.7m	211,028
Methode Electronics591520200 · MEI	COM	$919,000	20,151
Motorcar Parts of America620071100 · MPAA	COM	$832,000	27,064
Murphy USA Inc626755102 · MUSA	COM	$1.4m	18,619
National General Holdings Corp636220303	COM	$1.3m	54,707
New Mountain Finance Corporati647551100 · NMFC	COM	$582,000	39,080
Northwestern668074305 · NWE	COM	$1.5m	26,067
Opus Bank684000102	COM	$633,000	31,398
Owens & Minor Inc New690732102 · ACH	COM	$1.2m	34,773
Parexel International Corp699462107	COM	$900,000	14,253
Parkway Inc70156Q107	COM	$1.5m	73,917
Pharmerica Corp71714F104	COM	$1.7m	72,134
Pitney Bowes Inc724479100 · PBI	COM	$1.9m	142,485
Portland General Ele736508847 · POR	COM	$1.1m	25,024
R.R. Donnelley & Sons Co.257867200	COM	$626,000	51,716
Ramco-Gershenson Properties751452202	COM	$1.5m	105,141
Red Robin Gourmet Burgers75689M101 · RRGB	COM	$1.6m	27,174
Regal Beloit Corp758750103 · RRX	COM	$1.1m	14,630
Rsp Permian Inc74978Q105	COM	$1.1m	25,866
SRC Energy Inc.78470V108	COM	$2.2m	261,986
Sanderson Farms800013104	COM	$791,000	7,613
Scansource Inc806037107 · SCSC	COM	$1.3m	33,006
Select Comfort Corporation81616X103	COM	$253,000	10,191
Skywest830879102 · SKYW	COM	$781,000	22,800
Sonic Automotive Inc.83545G102 · SAH	COM	$689,000	34,348
Steelcase Inc858155203	COM	$1.5m	90,650
Steris PLCG84720104	COM	$810,000	11,665
Stifel Financial Corp860630102 · SF	COM	$685,000	13,650
Super Micro Computer Inc86800U104	COM	$2.0m	78,973
Synaptics87157D109 · SYNA	COM	$1.2m	23,814
TCP Capital Corp87238Q103	COM	$1.4m	78,181
Tech Data Corp878237106	COM	$669,000	7,128
Teradata Corp88076W103 · TDC	COM	$1.4m	43,997
Teradyne Inc880770102 · TER	COM	$809,000	26,024
Tetra Tech88162G103 · TTEK	COM	$337,000	8,238
Thor Industries Inc885160101 · THO	COM	$295,000	3,070
Trimas Corporation896215209 · TRS	COM	$538,000	25,936
Triumph Group Inc896818101	COM	$551,000	21,396
Tupperware Brands Corp899896104	COM	$814,000	12,975
Usana Health Sciences Inc90328M107 · USNA	COM	$421,000	7,309

Values use the units disclosed in the source. Where a dollar scale cannot be established, the original amount is shown as filed. Rows may include separate allocations, options and principal amounts; these are kept separate from the covered-stock portfolio used for performance.

How copying its 13F would have done

CopyS&P 500 $10,000 copying Lombardia Capital Partners LLC's usable filed holdings in companies we cover from February 8, 2008, rebalancing at the first weekly close after each usable filing and holding until the next, against the S&P 500 (total return). Missing prices carry their last observed value. Marked weekly, log scale. Before costs and taxes; misses trading within each quarter and anything 13F does not show (shorts, cash, bonds, non-US holdings).

Biggest drop −49.2% (S&P 500 −50.8%); beta 1.02; alpha +0.9% a year (t = 0.38); last 12 months +15.0% against +14.2%.

Reported value by quarter

Lombardia Capital Partners LLC: 13F reported value Total reported value where the source's dollar units can be established. Earlier filings in thousands of dollars are converted; dates with unresolved value units are omitted.

View chart data

Period	Reported value
2008-03-31	$1.5B
2008-06-30	$1.7B
2008-09-30	$1.6B
2008-12-31	$1.3B
2009-03-31	$1.2B
2009-06-30	$1.5B
2009-09-30	$1.8B
2009-12-31	$2B
2010-03-31	$2.1B
2010-06-30	$1.9B
2010-09-30	$2.3B
2010-12-31	$2.7B
2011-03-31	$2.5B
2013-06-30	$3B
2013-09-30	$3.1B
2013-12-31	$3.5B
2014-03-31	$3.7B
2014-06-30	$3.7B
2014-09-30	$3.4B
2014-12-31	$3.5B
2015-03-31	$3.3B
2015-06-30	$2.9B
2015-09-30	$2.1B
2015-12-31	$2B
2016-03-31	$1.9B
2016-06-30	$1.5B
2016-09-30	$1.5B
2016-12-31	$975.6M
2017-03-31	$110.2M

Latest covered holdings and moves

Covered holdings as of March 31, 2017.

Company	Share of portfolio	Value	Shares	Change in shares
MPTMedical Properties Trust Inc	2.47%	$2.7m	211.0K	−84.5% Reduced
ARCCAres Capital Corp	2.05%	$2.3m	129.9K	−81.2% Reduced
HOPEHope Bancorp Inc	1.94%	$2.1m	111.7K	−87.6% Reduced
ZBRAZebra Technologies	1.84%	$2.0m	22.2K	−89.0% Reduced
PBIPitney Bowes Inc	1.70%	$1.9m	142.5K	−88.4% Reduced
CRUSCirrus Logic, Inc.	1.68%	$1.9m	30.5K	+273.3% Added
EWBCEast West Bancorp Inc	1.63%	$1.8m	34.8K	−88.5% Reduced
ECPGEncore Capital Group Inc	1.57%	$1.7m	56.1K	−91.5% Reduced
GDOTGreen DOT Corp	1.48%	$1.6m	48.8K	−78.4% Reduced
RRGBRED Robin Gourmet Burgers Inc	1.44%	$1.6m	27.2K	−83.9% Reduced
TILEInterface Inc	1.43%	$1.6m	82.8K	−75.8% Reduced
NWENorthwestern Energy Group, Inc.	1.39%	$1.5m	26.1K	+11.5% Added
WWDWoodward, Inc.	1.32%	$1.5m	21.5K	−94.0% Reduced
GEOGEO Group Inc	1.32%	$1.5m	31.3K	−88.8% Reduced
LADLithia Motors Inc	1.28%	$1.4m	16.4K	−81.0% Reduced
TDCTeradata Corp	1.24%	$1.4m	44.0K	−89.5% Reduced
MUSAMurphy USA Inc.	1.24%	$1.4m	18.6K	New
SCSCScansource, Inc.	1.18%	$1.3m	33.0K	−90.0% Reduced
ABGAsbury Automotive Group Inc	1.18%	$1.3m	21.5K	−91.2% Reduced
ACHAccendra Health Inc	1.09%	$1.2m	34.8K	+8.3% Added
SYNASynaptics Inc	1.07%	$1.2m	23.8K	−84.3% Reduced
PORPortland General Electric Co	1.01%	$1.1m	25.0K	−94.0% Reduced
RRXRegal Rexnord Corp	1.00%	$1.1m	14.6K	+293.0% Added
BKUBankunited, Inc.	1.00%	$1.1m	29.5K	−94.2% Reduced
CALMCal-maine Foods Inc	0.99%	$1.1m	29.8K	−86.6% Reduced
EBSEmergent Biosolutions Inc.	0.94%	$1.0m	35.7K	−86.9% Reduced
KFYKorn Ferry	0.88%	$973,000	30.9K	−89.9% Reduced
GMEGamestop Corp.	0.86%	$952,000	42.2K	−74.9% Reduced
MTGMgic Investment Corp	0.86%	$947,000	93.5K	−93.3% Reduced
MEIMethode Electronics Inc	0.83%	$919,000	20.2K	−18.4% Reduced
LGIHLGI Homes, Inc.	0.79%	$867,000	25.6K	New
MPAAMotorcar Parts Of America Inc	0.76%	$832,000	27.1K	New
BWBabcock & Wilcox Enterprises, Inc.	0.75%	$825,000	88.3K	New
TERTeradyne	0.73%	$809,000	26.0K	−87.0% Reduced
SKYWSkywest Inc	0.71%	$781,000	22.8K	New
CUZCousins Properties Inc	0.63%	$695,000	84.0K	−89.7% Reduced
SAHSonic Automotive Inc	0.63%	$689,000	34.3K	−94.3% Reduced
SFStifel Financial Corp	0.62%	$685,000	13.7K	−94.0% Reduced
KNKnowles Corp	0.58%	$642,000	33.9K	−94.2% Reduced
DLXDeluxe Corp	0.55%	$606,000	8.4K	−94.5% Reduced
MTDRMatador Resources Co	0.55%	$603,000	25.3K	−92.9% Reduced
BANCBanc Of California, Inc.	0.54%	$593,000	28.7K	−94.0% Reduced
NMFCNew Mountain Finance Corp	0.53%	$582,000	39.1K	−94.2% Reduced
CLWClearwater Paper Corp	0.53%	$581,000	10.4K	−85.1% Reduced
BKEBuckle Inc	0.52%	$572,000	30.8K	−81.8% Reduced
KALUKaiser Aluminum Corp	0.52%	$567,000	7.1K	−94.0% Reduced
TRSTrimas Corp	0.49%	$538,000	25.9K	−94.2% Reduced
ASIXAdvansix Inc.	0.46%	$503,000	18.4K	−36.5% Reduced
FNBFNB Corp	0.45%	$498,000	33.5K	−93.0% Reduced
EVREvercore Inc.	0.43%	$475,000	6.1K	−95.8% Reduced
USNAUsana Health Sciences Inc	0.38%	$421,000	7.3K	New
HOSHornbeck Offshore Services, Inc.	0.36%	$397,000	51.1K	New
RAILFreightcar America, Inc.	0.31%	$339,000	27.0K	New
TTEKTetra Tech Inc	0.31%	$337,000	8.2K	−94.0% Reduced
THOThor Industries Inc	0.27%	$295,000	3.1K	−25.4% Reduced
KFRCKforce Inc	0.25%	$272,000	11.5K	+19.0% Added

Company	Bought (value)	Shares
MUSAMurphy USA Inc.	$1.4m	18.6K
CRUSCirrus Logic, Inc.	$1.4m	22.3K
LGIHLGI Homes, Inc.	$867,000	25.6K
MPAAMotorcar Parts Of America Inc	$832,000	27.1K
RRXRegal Rexnord Corp	$825,294	10.9K
BWBabcock & Wilcox Enterprises, Inc.	$825,000	88.3K
SKYWSkywest Inc	$781,000	22.8K
USNAUsana Health Sciences Inc	$421,000	7.3K
HOSHornbeck Offshore Services, Inc.	$397,000	51.1K
RAILFreightcar America, Inc.	$339,000	27.0K
NWENorthwestern Energy Group, Inc.	$157,655	2.7K
ACHAccendra Health Inc	$92,302	2.7K
KFRCKforce Inc	$43,469	1.8K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Sold (value)	Shares
WWDWoodward, Inc.	−$22.8m	−336.2K
TEVATeva Pharmaceutical Industries LTD	−$19.4m	−535.1K
ECPGEncore Capital Group Inc	−$18.6m	−603.8K
BKUBankunited, Inc.	−$17.8m	−477.3K
PORPortland General Electric Co	−$17.4m	−392.1K
ZBRAZebra Technologies	−$16.4m	−179.7K
HOPEHope Bancorp Inc	−$15.1m	−787.8K
MPTMedical Properties Trust Inc	−$14.8m	−1.15M
PBIPitney Bowes Inc	−$14.2m	−1.09M
EWBCEast West Bancorp Inc	−$13.8m	−267.0K
ABGAsbury Automotive Group Inc	−$13.4m	−222.4K
MTGMgic Investment Corp	−$13.1m	−1.29M
SCSCScansource, Inc.	−$11.6m	−296.1K
TDCTeradata Corp	−$11.6m	−373.1K
GEOGEO Group Inc	−$11.6m	−249.3K

Change in shares on the previous quarter's 13F, valued at this quarter's reported price.

Company	Value last quarter	Shares
TEVATeva Pharmaceutical Industries LTD	$19.4m	535.1K
UPBDUpbound Group, Inc.	$7.6m	672.8K
CBZCbiz, Inc.	$4.0m	293.3K
PLABPhotronics Inc	$3.8m	336.0K
CTSCTS Corp	$1.0m	46.5K

Financials24.5%
Industrials20.6%
Technology17.1%
Consumer Discretionary16.7%
Real Estate5.8%
Utilities4.5%
Health Care3.8%
Materials2.8%
Consumer Staples2.6%
Energy1.7%

Share of the value held in companies we cover, by sector.

Period	Copy, a year	S&P 500	Sharpe	S&P 500	Biggest drop	Beta
Whole backtestFebruary 8, 2008 to August 25, 2017	+9.7%	+8.8%	0.54	0.53	−49.2%	1.02
2010 to 2017January 8, 2010 to August 25, 2017	+12.0%	+12.7%	0.79	0.92	−20.1%	1.05
Last three yearsAugust 29, 2014 to August 25, 2017	+9.1%	+9.0%	0.59	0.76	−20.1%	1.19
Last yearAugust 26, 2016 to August 25, 2017	+14.3%	+14.9%	0.85	1.70	−6.5%	1.73

From SEC Form 13F data sets. A 13F lists long positions in US-listed shares at the quarter's end, filed up to 45 days later; it does not show shorts, cash, bonds, non-US holdings or trades within the quarter. Positions in companies outside our coverage are not listed here. Research, not investment advice.