Atlas FRM LLC
In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Atlas FRM LLC reported 23 stock positions worth $1.5 billion. Its top holding was Packaging Corp. of America (PKG) at 21.3% of the portfolio, followed by International Paper (IP, 17.7%) and Sylvamo (SLVM, 17.5%). Compared with Q4 2025, it opened 12 new positions, sold out of 1 and added to 7. The biggest buy was a new position in Fortune Brands Innovations I (FBIN) and the biggest sale an exit from Sealed Air (SEE).
- Most Recent 13F
- Q2 2026
- Location
- GREENWICH, CT
- CIK
- 0001879898
- Portfolio Value
- $1.5B (Q1 2026)
- SEC Filing
- 0001879898-26-000005 ↗ filed May 14, 2026
Holdings Value
Holdings 23 stocks · $1.5B
| PKG Packaging Corp. of America | 21.29% | 1,532,500 | $325.2M | Add +54.8% |
| IP International Paper Co. | 17.74% | 7,590,000 | $271.0M | Add +51.8% |
| SLVM Sylvamo Corp. | 17.46% | 6,312,454 | $266.6M | No change |
| SUZ Suzano SA - Spon ADR | 12.53% | 19,120,000 | $191.4M | Add +10.4% |
| FBIN Fortune Brands Innovations I | 5.55% | 2,175,000 | $84.8M | New |
| HRL Hormel Foods Corp. | 4.19% | 2,825,000 | $64.0M | New |
| FCFS Firstcash Holdings Inc. | 3.32% | 270,000 | $50.8M | Add +440.0% |
| FND Floor & Decor Holdings Inc. Class A | 2.97% | 894,000 | $45.4M | Add +207.2% |
| ATR Aptargroup Inc. | 2.89% | 350,000 | $44.1M | New |
| EZPW Ezcorp Inc. Class A | 2.41% | 1,450,000 | $36.8M | Add +346.1% |
| SLGN Silgan Holdings Inc. | 2.21% | 870,000 | $33.8M | Add +411.8% |
| LGIH Lgi Homes Inc. | 1.66% | 640,000 | $25.3M | New |
| MHK Mohawk Industries Inc. | 1.06% | 165,000 | $16.2M | No change |
| GBX Greenbrier Companies Inc. | 0.86% | 249,561 | $13.1M | New |
| AMWD American Woodmark Corp. | 0.77% | 296,000 | $11.8M | No change |
| MBC Masterbrand Inc. | 0.71% | 1,300,000 | $10.8M | New |
| RYN Rayonier Inc. | 0.65% | 480,000 | $9.9M | New |
| BLDR Builders Firstsource Inc. | 0.42% | 77,000 | $6.3M | New |
| WY Weyerhaeuser Co. | 0.30% | 190,000 | $4.6M | New |
| MERC Mercer International Inc. | 0.29% | 3,150,000 | $4.5M | No change |
| XLP SS Consumer Staples Sel Sect | 0.27% | 50,000 | $4.1M | New |
| WFG West Fraser Timber Co. Ltd. | 0.24% | 56,000 | $3.7M | New |
| BCC Boise Cascade Co. | 0.20% | 41,000 | $3.1M | New |
Portfolio Sells Q4 2025 → Q1 2026
| SEE Sealed Air Corp. | Sold out | 0.00% | −7.61 |
Portfolio Buys Q4 2025 → Q1 2026
| FBIN Fortune Brands Innovations I | New | 5.55% | +5.55 |
| HRL Hormel Foods Corp. | New | 4.19% | +4.19 |
| ATR Aptargroup Inc. | New | 2.89% | +2.89 |
| FCFS Firstcash Holdings Inc. | Add +440.0% | 3.32% | +2.55 |
| EZPW Ezcorp Inc. Class A | Add +346.1% | 2.41% | +1.79 |
| LGIH Lgi Homes Inc. | New | 1.66% | +1.66 |
| SLGN Silgan Holdings Inc. | Add +411.8% | 2.21% | +1.54 |
| PKG Packaging Corp. of America | Add +54.8% | 21.29% | +1.35 |
| FND Floor & Decor Holdings Inc. Class A | Add +207.2% | 2.97% | +1.24 |
| GBX Greenbrier Companies Inc. | New | 0.86% | +0.86 |
| MBC Masterbrand Inc. | New | 0.71% | +0.71 |
| RYN Rayonier Inc. | New | 0.65% | +0.65 |
| BLDR Builders Firstsource Inc. | New | 0.42% | +0.42 |
| WY Weyerhaeuser Co. | New | 0.30% | +0.30 |
| XLP SS Consumer Staples Sel Sect | New | 0.27% | +0.27 |
| WFG West Fraser Timber Co. Ltd. | New | 0.24% | +0.24 |
| BCC Boise Cascade Co. | New | 0.20% | +0.20 |
| IP International Paper Co. | Add +51.8% | 17.74% | −1.50 |
| SUZ Suzano SA - Spon ADR | Add +10.4% | 12.53% | −3.27 |
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 |