Atlas FRM LLC
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 13, 2025), Atlas FRM LLC reported 9 stock positions worth $858.8 million. Its top holding was Sylvamo (SLVM) at 32.5% of the portfolio, followed by Suzano SA - Spon ADR (SUZ, 19.0%) and Packaging Corp. of America (PKG, 17.4%). Compared with Q2 2025, it added to 3 and reduced 1. The biggest buy was Packaging Corp. of America (PKG, shares +28%) and the biggest sale Mohawk Industries (MHK, shares −66%).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001879898
- Portfolio Value
- $858.8M (Q3 2025)
- SEC Filing
- 0001879898-25-000015 ↗ filed Nov 13, 2025
Holdings Value
Holdings 9 stocks · $858.8M
| SLVM Sylvamo Corp. | 32.50% | 6,312,454 | $279.1M | No change |
| SUZ Suzano SA - Spon ADR | 18.96% | 17,320,000 | $162.8M | No change |
| PKG Packaging Corp. of America | 17.38% | 685,000 | $149.3M | Add +28.0% |
| IP International Paper Co. | 17.29% | 3,200,000 | $148.5M | No change |
| SEE Sealed Air Corp. | 5.68% | 1,379,000 | $48.7M | Add +40.7% |
| MHK Mohawk Industries Inc. | 3.08% | 205,000 | $26.4M | Reduce -66.3% |
| ODP The Odp Corp. filed as THE ODP CORP | 2.55% | 785,213 | $21.9M | No change |
| AMWD American Woodmark Corp. | 1.52% | 195,000 | $13.0M | Add +10.2% |
| MERC Mercer International Inc. | 1.06% | 3,150,000 | $9.1M | No change |
Portfolio Sells Q2 2025 → Q3 2025
| MHK Mohawk Industries Inc. | Reduce -66.3% | 3.08% | −4.35 |
Portfolio Buys Q2 2025 → Q3 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 25 | $2.3B | IP, PKG, WCN, SLVM, SUZ |
| Q1 2026 | 23 | $1.5B | PKG, IP, SLVM, SUZ, FBIN |
| Q4 2025 | 12 | $1.0B | SLVM, PKG, IP, SUZ, SEE |
| Q3 2025 | 9 | $858.8M | SLVM, SUZ, PKG, IP, SEE |
| Q2 2025 | 9 | $858.8M | SLVM, SUZ, IP, PKG, MHK |
| Q1 2025 | 9 | $933.1M | SLVM, IP, SUZ, PKG, MHK |
| Q4 2024 | 10 | $1.1B | SLVM, IP, SUZ, PKG, MHK |
| Q3 2024 | 8 | $1.0B | SLVM, IP, SUZ, MHK, PKG |
| Q2 2024 | 7 | $754.6M | SLVM, IP, SUZ, MERC, PKG |
| Q1 2024 | 7 | $739.9M | SLVM, IP, SUZ, PKG, MERC |