Bandera Partners LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 13, 2026), Bandera Partners LLC reported 13 stock positions worth $222.5 million. Its top holding was Joint (JYNT) at 15.4% of the portfolio, followed by Star (SGU, 14.6%) and Alphabet Class A (GOOGL, 12.6%). Compared with Q3 2025, it reduced 2. The biggest sale was Burford Capital (BUR, shares −1%).
- Most Recent 13F
- Q2 2026
- Location
- Brooklyn, NY
- CIK
- 0001399386
- Portfolio Value
- $222.5M (Q4 2025)
- SEC Filing
- 0000921895-26-000368 ↗ filed Feb 13, 2026
Holdings Value
Holdings 13 stocks · $222.5M
| JYNT The Joint Corp. | 15.43% | 3,937,296 | $34.3M | No change |
| SGU Star Group LP | 14.61% | 2,745,360 | $32.5M | No change |
| GOOGL Alphabet Inc. Class A | 12.57% | 89,322 | $28.0M | No change |
| AMKR Amkor Technology Inc. | 12.31% | 693,519 | $27.4M | Reduce -10.3% |
| BUR Burford Capital Ltd. | 9.68% | 2,414,460 | $21.5M | Reduce -0.6% |
| SKYW Skywest Inc. | 8.08% | 179,107 | $18.0M | No change |
| AMRC Ameresco Inc. Class A | 6.94% | 526,769 | $15.4M | No change |
| NNI Nelnet Inc. Class A | 6.12% | 102,389 | $13.6M | No change |
| AIOT Powerfleet Inc. | 4.50% | 1,881,666 | $10.0M | No change |
| TLF Tandy Leather Factory Inc. | 3.52% | 2,857,936 | $7.8M | No change |
| BTMD Biote Corp. Class A | 2.67% | 2,283,791 | $5.9M | No change |
| RRGB Red Robin Gourmet Burgers | 2.46% | 1,350,000 | $5.5M | No change |
| HQI Hirequest Inc. | 1.12% | 236,847 | $2.5M | No change |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| None this quarter. | |||
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 19 | $283.9M | SGU, JYNT, SPCX, GOOGL, AMKR |
| Q1 2026 | 17 | $221.1M | JYNT, SGU, AMKR, GOOGL, SKYW |
| Q4 2025 | 13 | $222.5M | JYNT, SGU, GOOGL, AMKR, BUR |
| Q3 2025 | 13 | $228.1M | JYNT, SGU, BUR, AMKR, GOOGL |
| Q2 2025 | 14 | $221.9M | JYNT, BUR, SGU, SKYW, AMKR |
| Q1 2025 | 18 | $277.9M | JYNT, SGU, BUR, OXY, MTCH |
| Q4 2024 | 18 | $262.7M | JYNT, SGU, BUR, GOOGL, OXY |
| Q3 2024 | 18 | $264.9M | JYNT, SGU, BUR, MTCH, OXY |
| Q2 2024 | 19 | $275.9M | JYNT, SGU, M, BUR, GOOGL |
| Q1 2024 | 19 | $256.6M | JYNT, SGU, BUR, MTCH, M |