Soapstone Management L.P.

BETHESDA, MD · CIK 1726948 · 13F filing filed 2026-08-14

SEC-registered investment adviser since 2016 · limited partnership

As an employer

$137.5m reported value -2.1% vs Q1 2026

13positions

95.7%in top 10

4 new 3 added 5 reduced 3 sold out vs Q1 2026

The small lines show how much was held over the last 4 quarters (adjusted for stock splits).

#	Security	Ticker	Shares	Value	% of portfolio	Change	Shares change
1	ALAMOS GOLD INC NEW COM CL A AGI	AGI	1,000,000	$30.3m22.07%	22.07%	Added +250.0k	+250,000 33.3%
2	PUBLIC STORAGE COM PSA	PSA	57,500	$18.3m13.31%	13.31%	Reduced -17.5k	-17,500 -23.3%
3	COOPER COS INC COM COO	COO	225,000	$16.1m11.73%	11.73%	New
4	HDFC BANK LTD SPONSORED ADS HDB	HDB	525,000	$13.6m9.86%	9.86%	Added +275.0k	+275,000 110.0%
5	SCHWAB CHARLES CORP COM SCHW	SCHW	143,750	$13.3m9.65%	9.65%	New
6	BECTON DICKINSON & CO COM BDX	BDX	85,000	$12.9m9.35%	9.35%	Added +36.2k	+36,250 74.4%
7	POST HLDGS INC COM POST	POST	108,750	$9.6m6.98%	6.98%	New
8	CONSTELLIUM SE CL A SHS CSTM	CSTM	200,000	$6.4m4.64%	4.64%	Reduced -600.0k	-600,000 -75.0%
9	TELEFLEX INCORPORATED COM TFX	TFX	50,000	$6.3m4.61%	4.61%	Reduced -68.8k	-68,750 -57.9%
10	AMAZON COM INC COM AMZN	AMZN	20,000	$4.8m3.47%	3.47%	Reduced -3.5k	-3,500 -14.9%
11	LEIDOS HOLDINGS INC COM LDOS	LDOS	25,000	$2.6m1.87%	1.87%	New
12	VAIL RESORTS INC COM MTN	MTN	15,000	$2.0m1.49%	1.49%	Reduced -65.0k	-65,000 -81.2%
13	BUILDERS FIRSTSOURCE INC COM BLDR	BLDR	15,000	$1.3m0.98%	0.98%	Unchanged

Security	Ticker	Shares held before	Value then
CITIZENS FINL GROUP INC CFG	CFG	225,000	$13.5m225.0k shares
ANGI INC ANGI	ANGI	1,000,000	$6.8m1.0m shares
WORKDAY INC WDAY	WDAY	17,500	$2.3m17.5k shares