Bard Associates Inc.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 5, 2025), Bard Associates Inc. reported 164 stock positions worth $310.9 million. Its top holding was Ensign (ENSG) at 4.2% of the portfolio, followed by Vaneck BDC Income ETF (BIZD, 2.6%) and Willdan (WLDN, 2.6%). Compared with Q1 2025, it opened 8 new positions, sold out of 15, added to 17 and reduced 116. The biggest buy was Vaneck BDC Income ETF (BIZD, shares +1004%) and the biggest sale BK Technologies (BKTI, shares −38%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001105907
- Portfolio Value
- $310.9M (Q2 2025)
- SEC Filing
- 0001105907-25-000011 ↗ filed Aug 5, 2025
Holdings Value
Holdings 164 stocks · $310.9M
| ENSG The Ensign Group Inc. | 4.22% | 84,993 | $13.1M | Reduce -4.5% |
| BIZD Vaneck BDC Income ETF | 2.63% | 501,955 | $8.2M | Add +1003.8% |
| WLDN Willdan Group Inc. | 2.63% | 130,698 | $8.2M | Reduce -2.9% |
| COHR Coherent Corp. | 2.56% | 89,334 | $8.0M | Reduce -2.0% |
| XFFCX Flaherty & Crumrine Pref Inc. | 2.34% | 445,640 | $7.3M | Add +598.0% |
| PFF iShares Preferred & Income S | 2.18% | 221,074 | $6.8M | Add +912.9% |
| FIP Ftai Infrastructure Inc. | 2.15% | 1,085,515 | $6.7M | Reduce -3.8% |
| ODC Oil-Dri Corp. of America | 2.08% | 109,663 | $6.5M | Reduce -3.7% |
| MAMA Mama's Creations Inc. | 1.96% | 734,600 | $6.1M | Reduce -6.4% |
| TPZ Tort Electf Infra ETF-Usd Inc. filed as TORTOISE CAPITAL SERIES TRUS | 1.91% | 290,154 | $5.9M | Reduce -0.6% |
| LGCY Legacy Education Inc. | 1.74% | 482,600 | $5.4M | Reduce -3.6% |
| WPM Wheaton Precious Metals Corp. | 1.68% | 58,096 | $5.2M | Reduce -5.3% |
| OR Or Royalties Inc. | 1.62% | 195,913 | $5.0M | Reduce -8.8% |
| CSV Carriage Services Inc. | 1.58% | 107,310 | $4.9M | Reduce -3.1% |
| ACU Acme United Corp. filed as ACME UTD CORP | 1.50% | 112,592 | $4.7M | Reduce -3.3% |
| AROC Archrock Inc. | 1.50% | 187,855 | $4.7M | Reduce -8.5% |
| GDXJ Vaneck Junior Gold Miners | 1.48% | 68,076 | $4.6M | Reduce -9.3% |
| USAC USA Compression Partners LP | 1.47% | 187,500 | $4.6M | Reduce -3.4% |
| KTOS Kratos Defense & Security | 1.37% | 91,973 | $4.3M | Reduce -1.5% |
| TGEN Tecogen Inc./Waltham Ma | 1.36% | 623,582 | $4.2M | New |
| LEGH Legacy Housing Corp. | 1.36% | 186,367 | $4.2M | Reduce -6.3% |
| BKTI BK Technologies Corp. | 1.33% | 88,036 | $4.1M | Reduce -37.6% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 1.32% | 291,500 | $4.1M | Reduce -4.3% |
| JAAA Janus Henderson Aaa Clo ETF | 1.29% | 78,863 | $4.0M | New |
| LGL The LGL Group Inc. | 1.26% | 515,381 | $3.9M | Reduce -4.6% |
| KWY Kingsway Corp. | 1.24% | 284,172 | $3.8M | Reduce -3.9% |
| CXDO Crexendo Inc. | 1.22% | 623,038 | $3.8M | Reduce -6.5% |
| USPH U.S. Physical Therapy Inc. | 1.21% | 48,219 | $3.8M | Reduce -0.1% |
| PCYO Pure Cycle Corp. | 1.19% | 344,142 | $3.7M | Reduce -5.3% |
| MPTI M-Tron Industries Inc. | 1.18% | 87,087 | $3.7M | Reduce -1.7% |
| FSK FS KKR Capital Corp. | 1.13% | 165,721 | $3.5M | Reduce -1.2% |
| AMPG Amplitech Group Inc. | 1.11% | 1,622,729 | $3.4M | Reduce -2.5% |
| OSS One Stop Systems Inc. | 1.08% | 947,857 | $3.4M | Reduce -8.0% |
| SELF Global Self Storage Inc. | 1.08% | 626,322 | $3.3M | Reduce -3.2% |
| BXSL Blackstone Secured Lending F | 0.96% | 94,742 | $3.0M | Reduce -0.8% |
| RWAY Runway Growth Finance Corp. | 0.95% | 275,614 | $3.0M | Reduce -2.9% |
| RGLD Royal Gold Inc. | 0.94% | 16,418 | $2.9M | Reduce -9.6% |
| PSCU Invesco S&P S C U&C Ser ETF | 0.89% | 49,552 | $2.8M | Reduce -1.1% |
| INLX Intellinetics Inc. | 0.88% | 219,935 | $2.7M | Add +89.7% |
| SMID Smith-Midland Corp. | 0.88% | 81,671 | $2.7M | Reduce -4.1% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.81% | 77,011 | $2.5M | Reduce -0.7% |
| AEHR Aehr Test Systems | 0.81% | 194,540 | $2.5M | New |
| EQX Equinox Gold Corp. | 0.79% | 428,531 | $2.5M | Reduce -7.2% |
| PCH Potlatchdeltic Corp. | 0.78% | 63,577 | $2.4M | Reduce -1.4% |
| ASM Avino Silver & Gold Mines | 0.77% | 665,099 | $2.4M | Reduce -3.5% |
| IRT Independence Realty Trust Inc. | 0.76% | 133,465 | $2.4M | Reduce -0.1% |
| VMD Viemed Healthcare Inc. | 0.75% | 336,328 | $2.3M | Reduce -3.8% |
| VENU Venu Holding Corp. filed as VENU HLDG CORP | 0.75% | 197,040 | $2.3M | Reduce -6.7% |
| MODULAR MED INC | 0.75% | 3,109,840 | $2.3M | Add +45.0% |
| PSTL Postal Realty Trust Inc. Class A | 0.74% | 155,974 | $2.3M | Reduce -1.1% |
| WELL Welltower Inc. | 0.70% | 14,194 | $2.2M | Reduce -0.6% |
| ACNT Ascent Industries Co. | 0.70% | 172,060 | $2.2M | New |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.66% | 92,166 | $2.0M | Reduce -2.3% |
| CJMB Callan JMB Inc. | 0.65% | 395,035 | $2.0M | Reduce -5.1% |
| KWR Quaker Chemical Corporation | 0.63% | 17,573 | $2.0M | No change |
| LOAN Manhattan Bridge Capital Inc. | 0.63% | 356,771 | $2.0M | Reduce -1.8% |
| BLIN Bridgeline Digital Inc. | 0.63% | 1,403,982 | $2.0M | Add +6.6% |
| CELH Celsius Holdings Inc. | 0.62% | 41,600 | $1.9M | Reduce -13.9% |
| VMBS Vanguard Mortgage-Backed Sec | 0.61% | 40,880 | $1.9M | Reduce -2.4% |
| BRT BRT Apartments Corp. | 0.60% | 118,239 | $1.9M | Reduce -0.6% |
| FNV Franco-Nevada Corp. | 0.60% | 11,302 | $1.9M | Reduce -0.2% |
| ALCO Alico Inc. | 0.60% | 56,587 | $1.9M | Reduce -3.3% |
| INUV Inuvo Inc. | 0.58% | 389,563 | $1.8M | Reduce -7.4% |
| RSSS Research Solutions Inc. | 0.57% | 621,632 | $1.8M | Reduce -4.7% |
| VPU Vanguard Utilities ETF | 0.55% | 9,700 | $1.7M | Add +0.9% |
| GWRS Global Water Resources Inc. | 0.53% | 161,800 | $1.6M | Reduce -2.0% |
| ACCS Access Newswire Inc. | 0.52% | 131,941 | $1.6M | Reduce -4.8% |
| NEE Nextera Energy Inc. | 0.50% | 22,504 | $1.6M | Add +1.1% |
| INTT Intest Corp. | 0.50% | 214,139 | $1.6M | Add +0.8% |
| MOBILICOM LTD | 0.48% | 593,196 | $1.5M | Reduce -7.2% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.47% | 3,037 | $1.5M | No change |
| MDV Modiv Industrial Inc. | 0.47% | 103,640 | $1.5M | Reduce -0.3% |
| TRGP Targa Resources Corp. | 0.46% | 8,256 | $1.4M | No change |
| RMT Royce Micro-Cap Trust Inc. | 0.46% | 153,901 | $1.4M | Reduce -0.1% |
| NEWT Newtekone Inc. | 0.46% | 125,812 | $1.4M | Reduce -1.4% |
| AIOT Powerfleet Inc. | 0.45% | 323,759 | $1.4M | Reduce -6.1% |
| GDX Vaneck Gold Miners ETF | 0.42% | 25,365 | $1.3M | Reduce -12.9% |
| HROW Harrow Inc. | 0.41% | 42,000 | $1.3M | Reduce -26.7% |
| LAND Gladstone Land Corp. | 0.41% | 125,518 | $1.3M | Reduce -3.1% |
| NEUROONE MED TECHNOLOGIES CO | 0.40% | 1,854,600 | $1.3M | New |
| PMNT Perfect Moment Ltd. | 0.38% | 4,400,000 | $1.2M | New |
| IEX Idex Corp. | 0.38% | 6,750 | $1.2M | No change |
| UTMD Utah Medical Products Inc. | 0.37% | 20,007 | $1.1M | Reduce -4.9% |
| SLV iShares Silver Trust | 0.37% | 34,708 | $1.1M | Reduce -0.6% |
| PBA Pembina Pipeline Corp. | 0.36% | 29,708 | $1.1M | Reduce -0.2% |
| ASUR Asure Software Inc. | 0.35% | 111,649 | $1.1M | No change |
| NEM Newmont Corp. | 0.33% | 17,364 | $1.0M | Reduce -0.3% |
| OBDC Blue Owl Capital Corp. | 0.32% | 67,785 | $997K | Reduce -0.3% |
| CTRE Caretrust REIT Inc. | 0.31% | 31,575 | $976K | Reduce -1.0% |
| DTST Data Storage Corp. | 0.31% | 281,717 | $966K | Reduce -7.3% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.31% | 5,350 | $964K | Reduce -0.9% |
| RMNI Rimini Street Inc. | 0.30% | 244,878 | $923K | Reduce -16.3% |
| KYN Kayne Anderson Energy Infra | 0.29% | 69,844 | $888K | Add +4.3% |
| PAVE Global X US Infrastructure | 0.28% | 20,234 | $884K | Reduce -0.2% |
| BANX Arrowmark Financial Corp. | 0.28% | 41,035 | $859K | Reduce -1.0% |
| EPM Evolution Petroleum Corp. | 0.27% | 180,067 | $846K | Reduce -19.0% |
| UMH Umh Properties Inc. filed as UMH PPTYS INC | 0.26% | 48,985 | $822K | No change |
| PNTG The Pennant Group Inc. | 0.25% | 26,500 | $791K | No change |
| ABCB Ameris Bancorp | 0.24% | 11,457 | $744K | Reduce -0.3% |
| TYG Tortoise Energy Infrastruct | 0.24% | 16,727 | $734K | Add +5.2% |
Other holdings (9): bonds, preferreds, convertibles and warrants · $250K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 87,130 | $90K | Reduce -1.6% |
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | 144,650 | $54K | Reduce -4.6% |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 83,865 | $44K | No change |
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | 145,021 | $17K | Reduce -7.6% |
| BFRIW Biofrontera Inc. -CW26 | *W EXP 10/27/202 | 154,900 | $16K | Reduce -13.9% |
| EDBLW Edible Garden AG Inc.-CW27 | *W EXP 99/99/999 | 144,525 | $14K | Reduce -8.3% |
| NCPLW Netcapital Inc. -27 | *W EXP 07/12/202 | 203,248 | $8K | Reduce -6.6% |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | 210,475 | $5K | Reduce -8.3% |
| PXSAW Pyxis Tankers Inc. -CW25 | *W EXP 10/13/202 | 70,800 | $1K | Reduce -8.3% |
Total filed on the 13F, all lines: $311.1M.
Portfolio Sells Q1 2025 → Q2 2025
| BKTI BK Technologies Corp. | Reduce -37.6% | 1.33% | −0.73 |
| ECC Eagle Point Credit Co. | Sold out | 0.00% | −0.62 |
| EIC Eagle Point Income Co.-USA Inc. | Sold out | 0.00% | −0.62 |
| LEGH Legacy Housing Corp. | Reduce -6.3% | 1.36% | −0.51 |
| AROC Archrock Inc. | Reduce -8.5% | 1.50% | −0.51 |
| USAC USA Compression Partners LP | Reduce -3.4% | 1.47% | −0.49 |
| DUOT Duos Technologies Group Inc. | Sold out | 0.00% | −0.41 |
| EQX Equinox Gold Corp. | Reduce -7.2% | 0.79% | −0.39 |
| TPZ Tort Electf Infra ETF-Usd Inc. | Reduce -0.6% | 1.91% | −0.34 |
| XAI OCTAGN FLT RAT & ALT INM | Sold out | 0.00% | −0.33 |
| PCH Potlatchdeltic Corp. | Reduce -1.4% | 0.78% | −0.30 |
| IRT Independence Realty Trust Inc. | Reduce -0.1% | 0.76% | −0.30 |
| MPTI M-Tron Industries Inc. | Reduce -1.7% | 1.18% | −0.30 |
| BHR Braemar Hotels & Resorts Inc. | Sold out | 0.00% | −0.28 |
| AIOT Powerfleet Inc. | Reduce -6.1% | 0.45% | −0.26 |
| GOLD Gold.com Inc. | Reduce -2.3% | 0.66% | −0.24 |
| PCYO Pure Cycle Corp. | Reduce -5.3% | 1.19% | −0.23 |
| SACH Sachem Capital Corp. | Sold out | 0.00% | −0.23 |
| ACU Acme United Corp. | Reduce -3.3% | 1.50% | −0.23 |
| BXSL Blackstone Secured Lending F | Reduce -0.8% | 0.96% | −0.22 |
| FSK FS KKR Capital Corp. | Reduce -1.2% | 1.13% | −0.21 |
| VMD Viemed Healthcare Inc. | Reduce -3.8% | 0.75% | −0.20 |
| ACRE Ares Commercial Real Estate | Sold out | 0.00% | −0.20 |
| POLA Polar Power Inc. | Reduce -13.6% | 0.22% | −0.19 |
| RWAY Runway Growth Finance Corp. | Reduce -2.9% | 0.95% | −0.18 |
| PSCU Invesco S&P S C U&C Ser ETF | Reduce -1.1% | 0.89% | −0.18 |
| LOAN Manhattan Bridge Capital Inc. | Reduce -1.8% | 0.63% | −0.17 |
| RGLD Royal Gold Inc. | Reduce -9.6% | 0.94% | −0.17 |
| GENK Gen Restaurant Group Inc. | Reduce -11.4% | 0.19% | −0.16 |
| BRT BRT Apartments Corp. | Reduce -0.6% | 0.60% | −0.16 |
| EPM Evolution Petroleum Corp. | Reduce -19.0% | 0.27% | −0.16 |
| HROW Harrow Inc. | Reduce -26.7% | 0.41% | −0.16 |
| MDV Modiv Industrial Inc. | Reduce -0.3% | 0.47% | −0.15 |
| SELF Global Self Storage Inc. | Reduce -3.2% | 1.08% | −0.14 |
| VICI Vici Properties Inc. | Reduce -0.7% | 0.81% | −0.14 |
| MULTISENSOR AI HOLDINGS INC | Reduce -18.1% | 0.11% | −0.13 |
| GDXJ Vaneck Junior Gold Miners | Reduce -9.3% | 1.48% | −0.12 |
| JYNT The Joint Corp. | Reduce -19.1% | 0.22% | −0.12 |
| WELL Welltower Inc. | Reduce -0.6% | 0.70% | −0.11 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -2.4% | 0.61% | −0.11 |
| NEWT Newtekone Inc. | Reduce -1.4% | 0.46% | −0.11 |
| OXFORD LANE CAP CORP | Sold out | 0.00% | −0.11 |
| SOHO Sotherly Hotels Inc. | Sold out | 0.00% | −0.11 |
| SMID Smith-Midland Corp. | Reduce -4.1% | 0.88% | −0.11 |
| GWRS Global Water Resources Inc. | Reduce -2.0% | 0.53% | −0.10 |
| PDEX Pro-Dex Inc. | Reduce -22.1% | 0.15% | −0.10 |
| PSTL Postal Realty Trust Inc. Class A | Reduce -1.1% | 0.74% | −0.10 |
| DTST Data Storage Corp. | Reduce -7.3% | 0.31% | −0.10 |
| WPM Wheaton Precious Metals Corp. | Reduce -5.3% | 1.68% | −0.10 |
| LAND Gladstone Land Corp. | Reduce -3.1% | 0.41% | −0.10 |
Portfolio Buys Q1 2025 → Q2 2025
| BIZD Vaneck BDC Income ETF | Add +1003.8% | 2.63% | +2.34 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +598.0% | 2.34% | +1.96 |
| PFF iShares Preferred & Income S | Add +912.9% | 2.18% | +1.93 |
| TGEN Tecogen Inc./Waltham Ma | New | 1.36% | +1.36 |
| JAAA Janus Henderson Aaa Clo ETF | New | 1.29% | +1.29 |
| AEHR Aehr Test Systems | New | 0.81% | +0.81 |
| ACNT Ascent Industries Co. | New | 0.70% | +0.70 |
| NEUROONE MED TECHNOLOGIES CO | New | 0.40% | +0.40 |
| PMNT Perfect Moment Ltd. | New | 0.38% | +0.38 |
| INLX Intellinetics Inc. | Add +89.7% | 0.88% | +0.35 |
| CECO Ceco Environmental Corp. | New | 0.08% | +0.08 |
| ESBA Empire State Realty Op LP-Es | New | 0.07% | +0.07 |
| EVI Evi Industries Inc. | Add +7.6% | 0.10% | +0.02 |
| VNQ Vanguard Real Estate ETF | Add +12.3% | 0.11% | −0.01 |
| INDS Pacer Industrial Real Estate | Add +6.5% | 0.18% | −0.02 |
| TYG Tortoise Energy Infrastruct | Add +5.2% | 0.24% | −0.02 |
| FLOT iShares Floating Rate Bond E | Add +0.3% | 0.18% | −0.03 |
| REZ Ishars Res and Multi Reales | Add +5.4% | 0.21% | −0.03 |
| AMLP Alerian MLP ETF | Add +4.8% | 0.18% | −0.03 |
| KYN Kayne Anderson Energy Infra | Add +4.3% | 0.29% | −0.03 |
| INTT Intest Corp. | Add +0.8% | 0.50% | −0.05 |
| VPU Vanguard Utilities ETF | Add +0.9% | 0.55% | −0.06 |
| NEE Nextera Energy Inc. | Add +1.1% | 0.50% | −0.09 |
| BLIN Bridgeline Digital Inc. | Add +6.6% | 0.63% | −0.10 |
| MODULAR MED INC | Add +45.0% | 0.75% | −0.13 |
Notes & Other Activity Q1 2025 → Q2 2025
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Reduce -1.6% | 87,130 | $90K |
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | Reduce -4.6% | 144,650 | $54K |
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | Reduce -7.6% | 145,021 | $17K |
| BFRIW Biofrontera Inc. -CW26 | *W EXP 10/27/202 | Reduce -13.9% | 154,900 | $16K |
| EDBLW Edible Garden AG Inc.-CW27 | *W EXP 99/99/999 | Reduce -8.3% | 144,525 | $14K |
| NCPLW Netcapital Inc. -27 | *W EXP 07/12/202 | Reduce -6.6% | 203,248 | $8K |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | Reduce -8.3% | 210,475 | $5K |
| PXSAW Pyxis Tankers Inc. -CW25 | *W EXP 10/13/202 | Reduce -8.3% | 70,800 | $1K |
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 |