MEDIUMOutside partyCounterparty
Lugano (bankrupt former subsidiary, intercompany loan)
“10-K Item 1A: 'Our intercompany loan to Lugano is subject to risk of loss.'”
CODI · Concentration risk · 10-K extracted
D/B/A Compass Diversified Holdi (CODI) concentration risks
Updated
The most significant concentration D/B/A Compass Diversified Holdi discloses is Lugano (bankrupt former subsidiary, intercompany loan), classified MEDIUM by disclosed size. Below: the full set from the latest 10-K — verbatim quotes, filing references, and a synthesis of what these exposures mean together.
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results.
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Source: D/B/A Compass Diversified Holdi’s SEC Form 10-K filed — view the filing on SEC EDGAR ↗
At a glance
Disclosed-size breakdown · 1 disclosed concentration
HIGH0
MEDIUM1
LOW0
Disclosed concentrations
Each card carries a disclosed-size chip (HIGH / MEDIUM / LOW — how large the exposure is as a share of revenue, not how dangerous it is) and a nature tag: Built-in(the company’s own model, geography, or products) or Outside party (an external customer, supplier, or distributor it relies on).
TrendMatrix Research · concentration synthesis
What these concentrations mean together
updated 2026-07-06Compass Diversified Holdings' disclosed concentration is narrow and specific: the company's intercompany loan to Lugano, a former subsidiary that has since gone bankrupt, is subject to risk of loss, a medium, dependency-type exposure. Because Lugano is no longer an operating subsidiary, this is a legacy counterparty risk rather than a structural feature of the ongoing business — the question is one of collectability on a specific receivable rather than an exposure that scales with the current portfolio. No other customer, geographic, product, or supplier concentration is disclosed in these sources, so on the available evidence this single intercompany-loan exposure is the extent of CODI's flagged concentration risk. Given its medium size and its isolated, one-off nature tied to a bankrupt former holding, it reads as a contained, idiosyncratic item to monitor for recovery or write-off rather than a concentration that threatens the ongoing platform businesses broadly.
For the engine’s reasoning on CODI’s current verdict — including which dimensions drove the score — see the per-dimension breakdown.
Industry peers · Conglomerates
Peer concentration profile
| Symbol | Name | HIGH | MEDIUM | LOW | Total |
|---|---|---|---|---|---|
| AIRTP | Air T, Inc. - Trust Preferred S | 0 | 1 | 0 | 1 |
| CODI● | D/B/A Compass Diversified Holdi | 0 | 1 | 0 | 1 |
| DLX | Deluxe Corporation | 0 | 1 | 0 | 1 |
| FBYD | Falcon's Beyond Global, Inc. | 0 | 1 | 0 | 1 |
| BOC | Boston Omaha Corporation | 0 | 0 | 0 | 0 |
| FIP | FTAI Infrastructure Inc. | 0 | 0 | 0 | 0 |
Concentration counts reflect items disclosed in each peer’s most recent 10-K; disclosed-size classification uses TrendMatrix’s internal 10-K extraction taxonomy.