Bandera Partners LLC

In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 13, 2025), Bandera Partners LLC reported 18 stock positions worth $277.9 million. Its top holding was Joint (JYNT) at 17.7% of the portfolio, followed by Star (SGU, 16.3%) and Burford Capital (BUR, 8.4%). Compared with Q4 2024, it opened 1 new position, sold out of 1 and added to 3. The biggest buy was a new position in Cimpress (CMPR) and the biggest sale an exit from Wheeler Real Estate Invt TR.

Most Recent 13F
Q2 2026
Location
Brooklyn, NY
CIK
0001399386
Portfolio Value
$277.9M (Q1 2025)
SEC Filing
0000921895-25-001425 ↗ filed May 13, 2025

Holdings Value

0$100.0M$200.0M$300.0M Q1 2024: $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 $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 18 stocks · $277.9M
JYNT The Joint Corp. 17.69% 3,937,296 $49.2M No change
SGU Star Group LP 16.34% 3,445,360 $45.4M No change
BUR Burford Capital Ltd. 8.40% 1,767,114 $23.3M No change
OXY Occidental Petroleum Corp. 7.55% 425,000 $21.0M No change
MTCH Match Group Inc. 6.68% 595,000 $18.6M No change
SKYW Skywest Inc. 6.57% 209,000 $18.3M Add +138.2%
GOOGL Alphabet Inc. Class A 6.47% 116,300 $18.0M No change
NNI Nelnet Inc. Class A 5.07% 127,000 $14.1M No change
EXE Expand Energy Corp. 3.81% 95,000 $10.6M No change
CMPR Cimpress PLC 3.74% 230,000 $10.4M New
AIOT Powerfleet Inc. 3.68% 1,864,317 $10.2M No change
AMRC Ameresco Inc. Class A 3.19% 734,355 $8.9M Add +125.2%
TLF Tandy Leather Factory Inc. 2.98% 2,857,936 $8.3M No change
BTMD Biote Corp. Class A 2.92% 2,435,635 $8.1M No change
AMKR Amkor Technology Inc. 1.98% 304,853 $5.5M No change
RRGB Red Robin Gourmet Burgers 1.09% 850,000 $3.0M Add +270.2%
HQI Hirequest Inc. 1.08% 251,847 $3.0M No change
DYAI Dyadic International Inc. 0.76% 1,566,908 $2.1M No change

Portfolio Sells Q4 2024 → Q1 2025
WHEELER REAL ESTATE INVT TR Sold out 0.00% −0.00

Portfolio Buys Q4 2024 → Q1 2025
CMPR Cimpress PLC New 3.74% +3.74
SKYW Skywest Inc. Add +138.2% 6.57% +3.22
RRGB Red Robin Gourmet Burgers Add +270.2% 1.09% +0.61
AMRC Ameresco Inc. Class A Add +125.2% 3.19% +0.28

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