Bard Associates Inc.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 12, 2025), Bard Associates Inc. reported 171 stock positions worth $267.9 million. Its top holding was Ensign (ENSG) at 4.3% of the portfolio, followed by Tort Electf Infra ETF-Usd (TPZ, 2.2%) and Coherent (COHR, 2.2%). Compared with Q4 2024, it opened 5 new positions, sold out of 6, added to 34 and reduced 86. The biggest buy was a new position in Bridgeline Digital (BLIN) and the biggest sale Amplitech (AMPG, shares −0%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001105907
- Portfolio Value
- $267.9M (Q1 2025)
- SEC Filing
- 0001105907-25-000004 ↗ filed May 12, 2025
Holdings Value
Holdings 171 stocks · $267.9M
| ENSG The Ensign Group Inc. | 4.30% | 88,977 | $11.5M | Reduce -0.9% |
| TPZ Tort Electf Infra ETF-Usd Inc. filed as TORTOISE CAPITAL SERIES TRUS | 2.25% | 291,861 | $6.0M | Reduce -38.3% |
| COHR Coherent Corp. | 2.21% | 91,150 | $5.9M | Reduce -0.3% |
| BKTI BK Technologies Corp. | 2.06% | 141,028 | $5.5M | Reduce -0.3% |
| WLDN Willdan Group Inc. | 2.05% | 134,584 | $5.5M | Reduce -0.1% |
| AROC Archrock Inc. | 2.01% | 205,280 | $5.4M | No change |
| USAC USA Compression Partners LP | 1.95% | 194,000 | $5.2M | Reduce -2.5% |
| ODC Oil-Dri Corp. of America | 1.95% | 113,881 | $5.2M | Reduce -1.3% |
| MAMA Mama's Creations Inc. | 1.91% | 785,100 | $5.1M | Reduce -0.2% |
| FIP Ftai Infrastructure Inc. | 1.91% | 1,127,765 | $5.1M | Reduce -0.9% |
| LEGH Legacy Housing Corp. | 1.87% | 198,811 | $5.0M | Reduce -0.4% |
| WPM Wheaton Precious Metals Corp. | 1.78% | 61,316 | $4.8M | Reduce -1.0% |
| ACU Acme United Corp. filed as ACME UTD CORP | 1.73% | 116,466 | $4.6M | Reduce -0.9% |
| OR Osisko Gold Royalties Ltd. | 1.70% | 214,786 | $4.5M | Reduce -1.1% |
| CSV Carriage Services Inc. | 1.60% | 110,760 | $4.3M | Reduce -0.5% |
| GDXJ Vaneck Junior Gold Miners | 1.60% | 75,027 | $4.3M | Reduce -0.2% |
| MPTI M-Tron Industries Inc. | 1.47% | 88,587 | $3.9M | Reduce -0.4% |
| PCYO Pure Cycle Corp. | 1.42% | 363,524 | $3.8M | Reduce -1.7% |
| LGCY Legacy Education Inc. | 1.34% | 500,600 | $3.6M | No change |
| FSK FS KKR Capital Corp. | 1.34% | 167,748 | $3.6M | Reduce -0.1% |
| LGL The LGL Group Inc. | 1.32% | 540,031 | $3.5M | Add +0.1% |
| USPH U.S. Physical Therapy Inc. | 1.31% | 48,254 | $3.5M | Reduce -0.6% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 1.24% | 304,747 | $3.3M | Reduce -0.2% |
| SELF Global Self Storage Inc. | 1.22% | 646,840 | $3.3M | Reduce -0.0% |
| CXDO Crexendo Inc. | 1.21% | 666,093 | $3.2M | Add +13.3% |
| EQX Equinox Gold Corp. | 1.19% | 461,887 | $3.2M | Reduce -1.1% |
| BXSL Blackstone Secured Lending F | 1.18% | 95,519 | $3.2M | No change |
| RWAY Runway Growth Finance Corp. | 1.13% | 283,711 | $3.0M | Reduce -0.1% |
| RGLD Royal Gold Inc. | 1.11% | 18,157 | $3.0M | Reduce -1.7% |
| PCH Potlatchdeltic Corp. | 1.09% | 64,462 | $2.9M | Reduce -0.4% |
| PSCU Invesco S&P S C U&C Ser ETF | 1.06% | 50,092 | $2.8M | Add +0.1% |
| IRT Independence Realty Trust Inc. | 1.06% | 133,565 | $2.8M | Reduce -0.3% |
| KTOS Kratos Defense & Security | 1.03% | 93,357 | $2.8M | Reduce -2.1% |
| SMID Smith-Midland Corp. | 0.99% | 85,171 | $2.6M | Reduce -0.6% |
| AMPG Amplitech Group Inc. | 0.96% | 1,665,154 | $2.6M | Reduce -0.5% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.95% | 77,572 | $2.5M | Reduce -0.2% |
| VMD Viemed Healthcare Inc. | 0.95% | 349,623 | $2.5M | Add +0.0% |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.89% | 94,369 | $2.4M | Add +0.0% |
| OSS One Stop Systems Inc. | 0.89% | 1,029,780 | $2.4M | Reduce -1.4% |
| KWY Kingsway Corp. | 0.87% | 295,836 | $2.3M | Reduce -0.1% |
| MODULAR MED INC | 0.87% | 2,145,187 | $2.3M | Reduce -0.3% |
| PSTL Postal Realty Trust Inc. Class A | 0.84% | 157,674 | $2.3M | No change |
| WELL Welltower Inc. | 0.82% | 14,284 | $2.2M | Reduce -0.3% |
| KWR Quaker Chemical Corporation | 0.81% | 17,573 | $2.2M | Reduce -0.6% |
| LOAN Manhattan Bridge Capital Inc. | 0.80% | 363,317 | $2.1M | Reduce -0.4% |
| BRT BRT Apartments Corp. | 0.77% | 118,964 | $2.1M | Reduce -0.2% |
| VENU Venu Holding Corp. filed as VENU HLDG CORP | 0.73% | 211,090 | $2.0M | Add +3.8% |
| BLIN Bridgeline Digital Inc. | 0.73% | 1,317,194 | $1.9M | New |
| VMBS Vanguard Mortgage-Backed Sec | 0.72% | 41,880 | $1.9M | No change |
| AIOT Powerfleet Inc. | 0.71% | 344,709 | $1.9M | Reduce -1.1% |
| CJMB Callan JMB Inc. | 0.70% | 416,135 | $1.9M | New |
| FNV Franco-Nevada Corp. | 0.67% | 11,322 | $1.8M | Reduce -2.2% |
| ALCO Alico Inc. | 0.65% | 58,516 | $1.7M | Add +0.1% |
| CELH Celsius Holdings Inc. | 0.64% | 48,300 | $1.7M | Reduce -1.0% |
| GWRS Global Water Resources Inc. | 0.64% | 165,113 | $1.7M | Reduce -0.4% |
| RSSS Research Solutions Inc. | 0.63% | 652,382 | $1.7M | Add +0.5% |
| ECC Eagle Point Credit Co. | 0.62% | 206,267 | $1.7M | Reduce -0.2% |
| MDV Modiv Industrial Inc. | 0.62% | 103,940 | $1.7M | No change |
| EIC Eagle Point Income Co.-USA Inc. | 0.62% | 110,725 | $1.7M | Reduce -0.2% |
| TRGP Targa Resources Corp. | 0.62% | 8,256 | $1.7M | Reduce -64.7% |
| VPU Vanguard Utilities ETF | 0.61% | 9,615 | $1.6M | Add +0.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.60% | 3,037 | $1.6M | No change |
| NEE Nextera Energy Inc. | 0.59% | 22,263 | $1.6M | Add +0.1% |
| NEWT Newtekone Inc. | 0.57% | 127,657 | $1.5M | No change |
| HROW Harrow Inc. | 0.57% | 57,300 | $1.5M | Reduce -0.3% |
| INUV Inuvo Inc. | 0.56% | 4,208,497 | $1.5M | Reduce -0.5% |
| INTT Intest Corp. | 0.55% | 212,336 | $1.5M | Add +0.9% |
| INLX Intellinetics Inc. | 0.54% | 115,960 | $1.4M | Add +0.3% |
| LAND Gladstone Land Corp. | 0.51% | 129,586 | $1.4M | Reduce -0.9% |
| GDX Vaneck Gold Miners ETF | 0.50% | 29,140 | $1.3M | Reduce -1.2% |
| RMT Royce Micro-Cap Trust Inc. | 0.48% | 154,001 | $1.3M | No change |
| ASM Avino Silver & Gold Mines | 0.47% | 689,399 | $1.3M | Reduce -1.9% |
| ACCS Access Newswire Inc. | 0.46% | 138,516 | $1.2M | Add +4.2% |
| IEX Idex Corp. | 0.46% | 6,750 | $1.2M | Reduce -1.5% |
| PBA Pembina Pipeline Corp. | 0.44% | 29,758 | $1.2M | No change |
| UTMD Utah Medical Products Inc. | 0.44% | 21,032 | $1.2M | Add +5.0% |
| EPM Evolution Petroleum Corp. | 0.43% | 222,317 | $1.2M | Reduce -0.4% |
| DUOT Duos Technologies Group Inc. | 0.41% | 195,874 | $1.1M | Reduce -31.5% |
| DTST Data Storage Corp. | 0.41% | 303,859 | $1.1M | Reduce -1.1% |
| SLV iShares Silver Trust | 0.40% | 34,928 | $1.1M | Reduce -0.5% |
| POLA Polar Power Inc. | 0.40% | 446,745 | $1.1M | Add +3.4% |
| ASUR Asure Software Inc. | 0.40% | 111,649 | $1.1M | Reduce -6.8% |
| MOBILICOM LTD | 0.39% | 639,496 | $1.1M | Add +2.4% |
| OBDC Blue Owl Capital Corp. | 0.38% | 68,010 | $1.0M | Reduce -0.4% |
| RMNI Rimini Street Inc. | 0.38% | 292,648 | $1.0M | Add +2.1% |
| XFFCX Flaherty & Crumrine Pref Inc. | 0.38% | 63,843 | $1.0M | No change |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.37% | 5,400 | $986K | No change |
| GENK Gen Restaurant Group Inc. | 0.35% | 171,776 | $948K | Add +2.1% |
| CTRE Caretrust REIT Inc. | 0.34% | 31,905 | $922K | No change |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.34% | 48,985 | $916K | No change |
| JYNT The Joint Corp. | 0.34% | 72,375 | $904K | Reduce -1.2% |
| XAI OCTAGN FLT RAT & ALT INM | 0.33% | 149,247 | $893K | No change |
| BANX Arrowmark Financial Corp. | 0.33% | 41,435 | $872K | Reduce -0.9% |
| KYN Kayne Anderson Energy Infra | 0.32% | 66,954 | $859K | No change |
| NEM Newmont Corp. | 0.31% | 17,414 | $841K | Reduce -0.9% |
| PAVE Global X US Infrastructure | 0.29% | 20,275 | $765K | Reduce -1.9% |
| BIZD Vaneck BDC Income ETF | 0.28% | 45,475 | $762K | Add +6.3% |
| BHR Braemar Hotels & Resorts Inc. | 0.28% | 297,690 | $756K | Reduce -0.2% |
| WFCF Where Food Comes From Inc. | 0.28% | 67,049 | $742K | Add +0.8% |
| MLR Miller Industries Inc. | 0.26% | 16,440 | $697K | No change |
Other holdings (8): bonds, preferreds, convertibles and warrants · $171K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | 157,021 | $57K | Reduce -1.3% |
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | 151,650 | $49K | No change |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 83,865 | $36K | No change |
| BFRIW Biofrontera Inc. -CW26 | *W EXP 10/27/202 | 179,900 | $11K | No change |
| EDBLW Edible Garden AG Inc.-CW27 | *W EXP 99/99/999 | 157,525 | $8K | No change |
| NCPLW Netcapital Inc. -27 | *W EXP 07/12/202 | 217,573 | $5K | No change |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | 229,475 | $3K | No change |
| PXSAW Pyxis Tankers Inc. -CW25 | *W EXP 10/13/202 | 77,200 | $2K | No change |
Total filed on the 13F, all lines: $268.1M.
Portfolio Sells Q4 2024 → Q1 2025
| AMPG Amplitech Group Inc. | Reduce -0.5% | 0.96% | −1.96 |
| TPZ Tort Electf Infra ETF-Usd Inc. | Reduce -38.3% | 2.25% | −0.99 |
| FIP Ftai Infrastructure Inc. | Reduce -0.9% | 1.91% | −0.90 |
| TRGP Targa Resources Corp. | Reduce -64.7% | 0.62% | −0.80 |
| COHR Coherent Corp. | Reduce -0.3% | 2.21% | −0.74 |
| ATOM Atomera Inc. | Reduce -2.4% | 0.25% | −0.42 |
| INUV Inuvo Inc. | Reduce -0.5% | 0.56% | −0.37 |
| GPGI Gpgi Inc. | Reduce -0.2% | 1.24% | −0.36 |
| SMID Smith-Midland Corp. | Reduce -0.6% | 0.99% | −0.31 |
| OSS One Stop Systems Inc. | Reduce -1.4% | 0.89% | −0.30 |
| MAMA Mama's Creations Inc. | Reduce -0.2% | 1.91% | −0.22 |
| MULTISENSOR AI HOLDINGS INC | Reduce -0.5% | 0.25% | −0.20 |
| PCYO Pure Cycle Corp. | Reduce -1.7% | 1.42% | −0.17 |
| DUOT Duos Technologies Group Inc. | Reduce -31.5% | 0.41% | −0.17 |
| AE Adams Resources & Energy Inc. | Sold out | 0.00% | −0.16 |
| USPH U.S. Physical Therapy Inc. | Reduce -0.6% | 1.31% | −0.15 |
| BCPC Balchem Corp. | Reduce -64.3% | 0.10% | −0.15 |
| HBIO Harvard Bioscience Inc. | Reduce -5.9% | 0.05% | −0.14 |
| MODULAR MED INC | Reduce -0.3% | 0.87% | −0.13 |
| SILV Silvercrest Metals Inc. | Sold out | 0.00% | −0.11 |
| ESBA Empire State Realty Op LP-Es | Sold out | 0.00% | −0.10 |
| NEO Neogenomics Inc. | Reduce -0.0% | 0.17% | −0.10 |
| HROW Harrow Inc. | Reduce -0.3% | 0.57% | −0.09 |
| CECO Ceco Environmental Corp. | Sold out | 0.00% | −0.09 |
| AIOT Powerfleet Inc. | Reduce -1.1% | 0.71% | −0.08 |
| SANG Sangoma Technologies Corp. | Reduce -5.2% | 0.14% | −0.08 |
| URBAN-GRO INC | Reduce -3.6% | 0.04% | −0.04 |
| ACRE Ares Commercial Real Estate | Reduce -0.3% | 0.20% | −0.04 |
| KWR Quaker Chemical Corporation | Reduce -0.6% | 0.81% | −0.04 |
| IEX Idex Corp. | Reduce -1.5% | 0.46% | −0.03 |
| DTST Data Storage Corp. | Reduce -1.1% | 0.41% | −0.03 |
| SAND Sandstorm Gold Ltd. | Reduce -52.6% | 0.07% | −0.03 |
| CRWS Crown Crafts Inc. | Reduce -2.6% | 0.19% | −0.03 |
| NNDM Nano Dimension Ltd. - ADR | Reduce -3.9% | 0.06% | −0.03 |
| BHR Braemar Hotels & Resorts Inc. | Reduce -0.2% | 0.28% | −0.03 |
| SOHO Sotherly Hotels Inc. | Reduce -0.4% | 0.11% | −0.02 |
| ROLR High Roller Technologies Inc. | Sold out | 0.00% | −0.02 |
| BEEM Beam Global | Reduce -4.5% | 0.03% | −0.02 |
| SACH Sachem Capital Corp. | Reduce -0.2% | 0.23% | −0.01 |
| GWRS Global Water Resources Inc. | Reduce -0.4% | 0.64% | −0.01 |
| TWIN VEE POWERCATS CO | Sold out | 0.00% | −0.01 |
| TACT Transact Technologies Inc. | Reduce -2.9% | 0.19% | −0.01 |
| DLPN Dolphin Entertainment Inc. | Reduce -13.3% | 0.04% | −0.00 |
| HBM Hudbay Minerals Inc. | Reduce -4.5% | 0.13% | −0.00 |
| PLYM Plymouth Industrial REIT Inc. | Reduce -1.5% | 0.18% | −0.00 |
| ECC Eagle Point Credit Co. | Reduce -0.2% | 0.62% | −0.00 |
| PAVE Global X US Infrastructure | Reduce -1.9% | 0.29% | +0.00 |
| BNC Cea Industries Inc. | Reduce -15.0% | 0.04% | +0.00 |
| WHF Whitehorse Finance Inc. | Reduce -2.8% | 0.09% | +0.00 |
| META Meta Platforms Inc. Class A | Reduce -0.2% | 0.10% | +0.01 |
Portfolio Buys Q4 2024 → Q1 2025
| BLIN Bridgeline Digital Inc. | New | 0.73% | +0.73 |
| CJMB Callan JMB Inc. | New | 0.70% | +0.70 |
| LGL The LGL Group Inc. | Add +0.1% | 1.32% | +0.22 |
| CXDO Crexendo Inc. | Add +13.3% | 1.21% | +0.16 |
| ALCO Alico Inc. | Add +0.1% | 0.65% | +0.14 |
| CDE Coeur Mining Inc. | New | 0.12% | +0.12 |
| RMNI Rimini Street Inc. | Add +2.1% | 0.38% | +0.12 |
| VENU Venu Holding Corp. | Add +3.8% | 0.73% | +0.10 |
| VPU Vanguard Utilities ETF | Add +0.3% | 0.61% | +0.08 |
| FLOT iShares Floating Rate Bond E | Add +42.9% | 0.21% | +0.08 |
| PSCU Invesco S&P S C U&C Ser ETF | Add +0.1% | 1.06% | +0.05 |
| ACCS Access Newswire Inc. | Add +4.2% | 0.46% | +0.05 |
| AMLP Alerian MLP ETF | Add +8.8% | 0.21% | +0.05 |
| NEE Nextera Energy Inc. | Add +0.1% | 0.59% | +0.05 |
| BIZD Vaneck BDC Income ETF | Add +6.3% | 0.28% | +0.04 |
| FTK Flotek Industries Inc. | New | 0.04% | +0.04 |
| REZ Ishars Res and Multi Reales | Add +2.6% | 0.24% | +0.04 |
| GLD SPDR Gold Shares | Add +2.0% | 0.14% | +0.04 |
| PFF iShares Preferred & Income S | Add +7.0% | 0.25% | +0.03 |
| INDS Pacer Industrial Real Estate | Add +3.0% | 0.20% | +0.03 |
| FTLF Fitlife Brands Inc. | Add +69.8% | 0.10% | +0.03 |
| RDVT Red Violet Inc. | Add +6.7% | 0.12% | +0.02 |
| UTMD Utah Medical Products Inc. | Add +5.0% | 0.44% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +5.4% | 0.11% | +0.02 |
| DLHC DLH Holdings Corp. | New | 0.02% | +0.02 |
| GOLD Gold.com Inc. | Add +0.0% | 0.89% | +0.01 |
| EVI Evi Industries Inc. | Add +7.6% | 0.08% | +0.01 |
| OOMA Ooma Inc. | Add +5.9% | 0.14% | +0.01 |
| VMD Viemed Healthcare Inc. | Add +0.0% | 0.95% | −0.00 |
| INLX Intellinetics Inc. | Add +0.3% | 0.54% | −0.00 |
| PAYS Paysign Inc. | Add +8.7% | 0.03% | −0.01 |
| WFCF Where Food Comes From Inc. | Add +0.8% | 0.28% | −0.02 |
| INFU Infusystem Holdings Inc. | Add +8.8% | 0.12% | −0.04 |
| INTT Intest Corp. | Add +0.9% | 0.55% | −0.06 |
| POLA Polar Power Inc. | Add +3.4% | 0.40% | −0.07 |
| GENK Gen Restaurant Group Inc. | Add +2.1% | 0.35% | −0.07 |
| AIRG Airgain Inc. | Add +2.6% | 0.20% | −0.17 |
| RSSS Research Solutions Inc. | Add +0.5% | 0.63% | −0.28 |
| MOBILICOM LTD | Add +2.4% | 0.39% | −0.42 |
Notes & Other Activity Q4 2024 → Q1 2025
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | Reduce -1.3% | 157,021 | $57K |
Bonds, preferreds, convertibles and warrants; not part of the stock holdings or percentages above.
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 287 | $450.2M | JAAA, PFF, COHR, XFFCX, SCHO |
| Q1 2026 | 287 | $398.2M | JAAA, PFF, XFFCX, COHR, SCHO |
| Q4 2025 | 233 | $388.9M | PFF, XFFCX, JAAA, COHR, VNQ |
| Q3 2025 | 152 | $375.9M | PFF, XFFCX, BIZD, ENSG, COHR |
| Q2 2025 | 164 | $310.9M | ENSG, BIZD, WLDN, COHR, XFFCX |
| Q1 2025 | 171 | $267.9M | ENSG, TPZ, COHR, BKTI, WLDN |
| Q4 2024 | 172 | $294.0M | ENSG, TPZ, COHR, AMPG, FIP |
| Q3 2024 | 169 | $293.2M | ENSG, FIP, COHR, MAMA, WLDN |
| Q2 2024 | 164 | $261.0M | ENSG, FIP, COHR, MAMA, AROC |
| Q1 2024 | 167 | $277.6M | ENSG, FIP, COHR, USPH, ACU |