Bandera Partners LLC

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 12, 2025), Bandera Partners LLC reported 13 stock positions worth $228.1 million. Its top holding was Joint (JYNT) at 16.5% of the portfolio, followed by Star (SGU, 14.2%) and Burford Capital (BUR, 12.7%). Compared with Q2 2025, it sold out of 1 and reduced 1. The biggest sale was Burford Capital (BUR, shares −3%).

Most Recent 13F
Q2 2026
Location
Brooklyn, NY
CIK
0001399386
Portfolio Value
$228.1M (Q3 2025)
SEC Filing
0000921895-25-002977 ↗ filed Nov 12, 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 Q1 2025 Q2 2025: $221.9M Q2 2025 Q3 2025: $228.1M $228.1M Q3 2025 Q4 2025: $222.5M Q4 2025 Q1 2026: $221.1M Q1 2026 Q2 2026: $283.9M Q2 2026

Holdings 13 stocks · $228.1M
JYNT The Joint Corp. 16.47% 3,937,296 $37.6M No change
SGU Star Group LP 14.24% 2,745,360 $32.5M No change
BUR Burford Capital Ltd. 12.73% 2,427,761 $29.0M Reduce -3.3%
AMKR Amkor Technology Inc. 9.63% 773,493 $22.0M No change
GOOGL Alphabet Inc. Class A 9.52% 89,322 $21.7M No change
SKYW Skywest Inc. 7.90% 179,107 $18.0M No change
AMRC Ameresco Inc. Class A 7.75% 526,769 $17.7M No change
NNI Nelnet Inc. Class A 5.63% 102,389 $12.8M No change
AIOT Powerfleet Inc. 4.32% 1,881,666 $9.9M No change
RRGB Red Robin Gourmet Burgers 4.06% 1,350,000 $9.3M No change
TLF Tandy Leather Factory Inc. 3.76% 2,857,936 $8.6M No change
BTMD Biote Corp. Class A 3.00% 2,283,791 $6.9M No change
HQI Hirequest Inc. 1.00% 236,847 $2.3M No change

Portfolio Sells Q2 2025 → Q3 2025
BUR Burford Capital Ltd. Reduce -3.3% 12.73% −3.41
DYAI Dyadic International Inc. Sold out 0.00% −0.62

Portfolio Buys Q2 2025 → Q3 2025
None this quarter.

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