ATLANTIC INVESTMENT MANAGEMENT, INC.

Portfolio Overview

Atlantic Investment Management manages a highly concentrated, non-diversified portfolio. Following the quarter's activity, the total number of holdings stands at exactly six, indicating a high-conviction strategy where the manager selects a limited set of names. The sharp decline in portfolio value—down $79.65 million (40.6%)—is the most striking metric. While market volatility may have contributed to mark-to-market losses, the sheer volume of exited positions ($94.26 million in value from the previous quarter) suggests active deleveraging or a shift in strategy toward preserving capital or pivoting to a new thesis.