Bandera Partners LLC

In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 14, 2024), Bandera Partners LLC reported 19 stock positions worth $256.6 million. Its top holding was Joint (JYNT) at 20.0% of the portfolio, followed by Star (SGU, 13.5%) and Burford Capital (BUR, 11.0%). Compared with Q4 2023, it opened 2 new positions, sold out of 2, added to 2 and reduced 2. The biggest buy was a new position in Macy's (M) and the biggest sale an exit from Activision Blizzard (ATVI).

Most Recent 13F
Q2 2026
Location
Brooklyn, NY
CIK
0001399386
Portfolio Value
$256.6M (Q1 2024)
SEC Filing
0000921895-24-001157 ↗ filed May 14, 2024

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $256.6M $256.6M Q1 2024 Q2 2024: $275.9M Q2 2024 Q3 2024: $264.9M Q3 2024 Q4 2024: $262.7M Q4 2024 Q1 2025: $277.9M Q1 2025 Q2 2025: $221.9M Q2 2025 Q3 2025: $228.1M Q3 2025 Q4 2025: $222.5M Q4 2025 Q1 2026: $221.1M Q1 2026 Q2 2026: $283.9M Q2 2026

Holdings 19 stocks · $256.6M
JYNT The Joint Corp. 20.04% 3,937,296 $51.4M No change
SGU Star Group LP 13.45% 3,445,360 $34.5M No change
BUR Burford Capital Ltd. 11.00% 1,767,114 $28.2M No change
MTCH Match Group Inc. 8.41% 595,000 $21.6M No change
M Macy's Inc. 8.37% 1,074,183 $21.5M New
GOOGL Alphabet Inc. Class A 6.84% 116,300 $17.6M Reduce -34.0%
TLF Tandy Leather Factory Inc. 5.18% 2,857,936 $13.3M No change
NNI Nelnet Inc. Class A 4.68% 127,000 $12.0M Add +5.3%
BTMD Biote Corp. Class A 4.53% 2,005,322 $11.6M Add +9.4%
AIOT Powerfleet Inc. 3.88% 1,864,317 $10.0M New
AMKR Amkor Technology Inc. 3.83% 304,853 $9.8M No change
EXE Expand Energy Corp. filed as CHESAPEAKE ENERGY CORP 3.29% 95,000 $8.4M No change
MIXT Mix Telematics Ltd.-SP ADR 1.96% 584,334 $5.0M No change
AMRC Ameresco Inc. Class A 1.64% 174,231 $4.2M No change
HQI Hirequest Inc. 1.27% 251,847 $3.3M No change
DYAI Dyadic International Inc. 1.02% 1,566,908 $2.6M No change
AIRS Airsculpt Technologies Inc. 0.40% 169,208 $1.0M Reduce -72.8%
WHEELER REAL ESTATE INVT TR 0.15% 2,435,309 $382K No change
RBTC Rubicon Technologies Inc. 0.04% 128,323 $108K No change

Portfolio Sells Q4 2023 → Q1 2024
ATVI Activision Blizzard Inc. Sold out 0.00% −16.28
GOOG Alphabet Inc. Class C Sold out 0.00% −9.78
GOOGL Alphabet Inc. Class A Reduce -34.0% 6.84% −1.32
AIRS Airsculpt Technologies Inc. Reduce -72.8% 0.40% −1.14

Portfolio Buys Q4 2023 → Q1 2024
M Macy's Inc. New 8.37% +8.37
AIOT Powerfleet Inc. New 3.88% +3.88
BTMD Biote Corp. Class A Add +9.4% 4.53% +1.53
NNI Nelnet Inc. Class A Add +5.3% 4.68% +1.16

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 19$283.9MSGU, JYNT, SPCX, GOOGL, AMKR
Q1 2026 17$221.1MJYNT, SGU, AMKR, GOOGL, SKYW
Q4 2025 13$222.5MJYNT, SGU, GOOGL, AMKR, BUR
Q3 2025 13$228.1MJYNT, SGU, BUR, AMKR, GOOGL
Q2 2025 14$221.9MJYNT, BUR, SGU, SKYW, AMKR
Q1 2025 18$277.9MJYNT, SGU, BUR, OXY, MTCH
Q4 2024 18$262.7MJYNT, SGU, BUR, GOOGL, OXY
Q3 2024 18$264.9MJYNT, SGU, BUR, MTCH, OXY
Q2 2024 19$275.9MJYNT, SGU, M, BUR, GOOGL
Q1 2024 19$256.6MJYNT, SGU, BUR, MTCH, M