Bard Associates Inc.
In its 13F for Q3 2025 (holdings as of September 30, 2025, filed November 14, 2025), Bard Associates Inc. reported 152 stock positions worth $375.9 million. Its top holding was iShares Preferred & Income S (PFF) at 3.9% of the portfolio, followed by Flaherty & Crumrine Pref (XFFCX, 3.8%) and Vaneck BDC Income ETF (BIZD, 2.7%). Compared with Q2 2025, it opened 3 new positions, sold out of 15, added to 30 and reduced 108. The biggest buy was a new position in Schwab Short-Term US Treas (SCHO) and the biggest sale Ensign (ENSG, shares −37%).
- Most Recent 13F
- Q2 2026
- Location
- CHICAGO, IL
- CIK
- 0001105907
- Portfolio Value
- $375.9M (Q3 2025)
- SEC Filing
- 0001105907-25-000015 ↗ filed Nov 14, 2025
Holdings Value
Holdings 152 stocks · $375.9M
| PFF iShares Preferred & Income S | 3.95% | 469,290 | $14.8M | Add +112.3% |
| XFFCX Flaherty & Crumrine Pref Inc. | 3.84% | 854,839 | $14.4M | Add +91.8% |
| BIZD Vaneck BDC Income ETF | 2.66% | 668,781 | $10.0M | Add +33.2% |
| ENSG The Ensign Group Inc. | 2.46% | 53,480 | $9.2M | Reduce -37.1% |
| COHR Coherent Corp. | 2.34% | 81,831 | $8.8M | Reduce -8.4% |
| JAAA Janus Henderson Aaa Clo ETF | 2.34% | 173,503 | $8.8M | Add +120.0% |
| MAMA Mama's Creations Inc. | 2.02% | 721,387 | $7.6M | Reduce -1.8% |
| KTOS Kratos Defense & Security | 1.99% | 81,758 | $7.5M | Reduce -11.1% |
| WLDN Willdan Group Inc. | 1.92% | 74,467 | $7.2M | Reduce -43.0% |
| OR Or Royalties Inc. | 1.89% | 177,611 | $7.1M | Reduce -9.3% |
| SCHO Schwab Short-Term US Treas | 1.79% | 276,368 | $6.7M | New |
| REZ Ishars Res and Multi Reales | 1.77% | 78,266 | $6.7M | Add +904.4% |
| AMPG Amplitech Group Inc. | 1.68% | 1,623,729 | $6.3M | Add +0.1% |
| ODC Oil-Dri Corp. of America | 1.68% | 103,360 | $6.3M | Reduce -5.8% |
| VNQ Vanguard Real Estate ETF | 1.67% | 68,479 | $6.3M | Add +1761.3% |
| TGEN Tecogen Inc./Waltham Ma | 1.62% | 690,611 | $6.1M | Add +10.8% |
| TPZ Tort Electf Infra ETF-Usd Inc. filed as TORTOISE CAPITAL SERIES TRUS | 1.60% | 286,261 | $6.0M | Reduce -1.3% |
| GPGI Gpgi Inc. filed as COMPOSECURE INC | 1.60% | 288,811 | $6.0M | Reduce -0.9% |
| BKTI BK Technologies Corp. | 1.58% | 70,218 | $5.9M | Reduce -20.2% |
| WPM Wheaton Precious Metals Corp. | 1.47% | 49,291 | $5.5M | Reduce -15.2% |
| AEHR Aehr Test Systems | 1.45% | 181,620 | $5.5M | Reduce -6.6% |
| FIP Ftai Infrastructure Inc. | 1.41% | 1,217,730 | $5.3M | Add +12.2% |
| LEGH Legacy Housing Corp. | 1.33% | 182,236 | $5.0M | Reduce -2.2% |
| TYG Tortoise Energy Infrastruct | 1.31% | 114,419 | $4.9M | Add +584.0% |
| OSS One Stop Systems Inc. | 1.31% | 917,302 | $4.9M | Reduce -3.2% |
| KYN Kayne Anderson Energy Infra | 1.29% | 393,005 | $4.9M | Add +462.7% |
| GDXJ Vaneck Junior Gold Miners | 1.29% | 49,011 | $4.9M | Reduce -28.0% |
| MPTI M-Tron Industries Inc. | 1.28% | 87,037 | $4.8M | Reduce -0.1% |
| AROC Archrock Inc. | 1.28% | 182,416 | $4.8M | Reduce -2.9% |
| AMLP Alerian MLP ETF | 1.26% | 101,081 | $4.7M | Add +774.9% |
| EQX Equinox Gold Corp. | 1.24% | 415,127 | $4.7M | Reduce -3.1% |
| ACU Acme United Corp. filed as ACME UTD CORP | 1.21% | 110,407 | $4.5M | Reduce -1.9% |
| CSV Carriage Services Inc. | 1.21% | 102,024 | $4.5M | Reduce -4.9% |
| USAC USA Compression Partners LP | 1.20% | 187,350 | $4.5M | Reduce -0.1% |
| NEE Nextera Energy Inc. | 1.16% | 57,750 | $4.4M | Add +156.6% |
| LGCY Legacy Education Inc. | 1.16% | 454,667 | $4.4M | Reduce -5.8% |
| MOBILICOM LTD | 1.14% | 460,033 | $4.3M | Reduce -22.4% |
| ACNT Ascent Industries Co. | 1.12% | 326,948 | $4.2M | Add +90.0% |
| KWY Kingsway Corp. | 1.09% | 280,490 | $4.1M | Reduce -1.3% |
| VPU Vanguard Utilities ETF | 1.09% | 21,537 | $4.1M | Add +122.0% |
| CXDO Crexendo Inc. | 1.06% | 614,700 | $4.0M | Reduce -1.3% |
| USPH U.S. Physical Therapy Inc. | 1.04% | 46,069 | $3.9M | Reduce -4.5% |
| PCYO Pure Cycle Corp. | 1.00% | 338,371 | $3.7M | Reduce -1.7% |
| LGL The LGL Group Inc. | 0.90% | 508,183 | $3.4M | Reduce -1.4% |
| RGLD Royal Gold Inc. | 0.86% | 16,123 | $3.2M | Reduce -1.8% |
| ASM Avino Silver & Gold Mines | 0.81% | 578,776 | $3.0M | Reduce -13.0% |
| SMID Smith-Midland Corp. | 0.80% | 81,371 | $3.0M | Reduce -0.4% |
| CMT Core Molding Technologies Inc. | 0.72% | 130,872 | $2.7M | New |
| VENU Venu Holding Corp. filed as VENU HLDG CORP | 0.67% | 196,840 | $2.5M | Reduce -0.1% |
| INLX Intellinetics Inc. | 0.66% | 219,669 | $2.5M | Reduce -0.1% |
| GOLD Gold.com Inc. filed as A-MARK PRECIOUS METALS INC | 0.65% | 94,201 | $2.4M | Add +2.2% |
| FNV Franco-Nevada Corp. | 0.64% | 10,756 | $2.4M | Reduce -4.8% |
| CELH Celsius Holdings Inc. | 0.64% | 41,600 | $2.4M | No change |
| VMD Viemed Healthcare Inc. | 0.62% | 340,997 | $2.3M | Add +1.4% |
| RSSS Research Solutions Inc. | 0.60% | 608,761 | $2.3M | Reduce -2.1% |
| KWR Quaker Chemical Corporation | 0.60% | 17,120 | $2.3M | Reduce -2.6% |
| MODULAR MED INC | 0.58% | 3,127,505 | $2.2M | Add +0.6% |
| HROW Harrow Inc. | 0.54% | 41,955 | $2.0M | Reduce -0.1% |
| ALCO Alico Inc. | 0.52% | 56,102 | $1.9M | Reduce -0.9% |
| PMNT Perfect Moment Ltd. | 0.51% | 4,380,000 | $1.9M | Reduce -0.5% |
| CJMB Callan JMB Inc. | 0.51% | 394,635 | $1.9M | Reduce -0.1% |
| BLIN Bridgeline Digital Inc. | 0.49% | 1,388,782 | $1.8M | Reduce -1.1% |
| GDX Vaneck Gold Miners ETF | 0.46% | 22,397 | $1.7M | Reduce -11.7% |
| SELF Global Self Storage Inc. | 0.45% | 334,045 | $1.7M | Reduce -46.7% |
| AIOT Powerfleet Inc. | 0.44% | 316,274 | $1.7M | Reduce -2.3% |
| INTT Intest Corp. | 0.44% | 210,737 | $1.6M | Reduce -1.6% |
| NEUROONE MED TECHNOLOGIES CO | 0.44% | 1,851,000 | $1.6M | Reduce -0.2% |
| PSCU Invesco S&P S C U&C Ser ETF | 0.43% | 28,232 | $1.6M | Reduce -43.0% |
| BRK.B Berkshire Hathaway Inc. Class B | 0.41% | 3,037 | $1.5M | No change |
| ACCS Access Newswire Inc. | 0.38% | 134,452 | $1.4M | Add +1.9% |
| RWAY Runway Growth Finance Corp. | 0.38% | 141,366 | $1.4M | Reduce -48.7% |
| NEM Newmont Corp. | 0.38% | 16,979 | $1.4M | Reduce -2.2% |
| FSK FS KKR Capital Corp. | 0.38% | 92,918 | $1.4M | Reduce -43.9% |
| GWRS Global Water Resources Inc. | 0.38% | 137,199 | $1.4M | Reduce -15.2% |
| PSTL Postal Realty Trust Inc. Class A | 0.37% | 89,517 | $1.4M | Reduce -42.6% |
| NEWT Newtekone Inc. | 0.37% | 121,639 | $1.4M | Reduce -3.3% |
| BXSL Blackstone Secured Lending F | 0.37% | 51,304 | $1.4M | Reduce -45.9% |
| TRGP Targa Resources Corp. | 0.37% | 8,206 | $1.4M | Reduce -0.6% |
| VICI Vici Properties Inc. filed as VICI PPTYS INC | 0.37% | 41,767 | $1.4M | Reduce -45.8% |
| UTMD Utah Medical Products Inc. | 0.35% | 20,771 | $1.3M | Add +3.8% |
| PCH Potlatchdeltic Corp. | 0.34% | 31,606 | $1.3M | Reduce -50.3% |
| POLA Polar Power Inc. | 0.34% | 380,926 | $1.3M | Reduce -1.3% |
| RMT Royce Micro-Cap Trust Inc. | 0.33% | 119,929 | $1.2M | Reduce -22.1% |
| DTST Data Storage Corp. | 0.32% | 280,700 | $1.2M | Reduce -0.4% |
| IRT Independence Realty Trust Inc. | 0.32% | 72,656 | $1.2M | Reduce -45.6% |
| RMNI Rimini Street Inc. | 0.31% | 246,963 | $1.2M | Add +0.8% |
| LOAN Manhattan Bridge Capital Inc. | 0.29% | 199,429 | $1.1M | Reduce -44.1% |
| IEX Idex Corp. | 0.29% | 6,593 | $1.1M | Reduce -2.3% |
| INDS Pacer Industrial Real Estate | 0.28% | 27,814 | $1.0M | Add +80.3% |
| BRT BRT Apartments Corp. | 0.27% | 62,770 | $998K | Reduce -46.9% |
| PAVE Global X US Infrastructure | 0.26% | 20,503 | $977K | Add +1.3% |
| CDE Coeur Mining Inc. | 0.24% | 48,666 | $913K | Reduce -12.8% |
| INUV Inuvo Inc. | 0.23% | 248,825 | $873K | Reduce -36.1% |
| WELL Welltower Inc. | 0.23% | 4,785 | $852K | Reduce -66.3% |
| WFCF Where Food Comes From Inc. | 0.22% | 63,086 | $836K | Add +0.6% |
| EPM Evolution Petroleum Corp. | 0.22% | 171,042 | $824K | Reduce -5.0% |
| UWM Proshares Ultra RUSSELL2000 | 0.22% | 17,650 | $818K | Reduce -1.7% |
| SLV iShares Silver Trust | 0.21% | 19,079 | $808K | Reduce -45.0% |
| JKHY Jack Henry & Associates Inc. filed as HENRY JACK & ASSOC INC | 0.21% | 5,250 | $782K | Reduce -1.9% |
| MDV Modiv Industrial Inc. | 0.21% | 52,925 | $777K | Reduce -48.9% |
Other holdings (8): bonds, preferreds, convertibles and warrants · $869K (not counted above)
| Security | Class | Shares / Principal | Value | Change |
|---|---|---|---|---|
| MOBBW Mobilicom Ltd. -27 | *W EXP 08/31/202 | 144,650 | $628K | No change |
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | 87,280 | $153K | Add +0.2% |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | 83,315 | $34K | Reduce -0.7% |
| DTSTW Data Storage Corp. -CW26 | *W EXP 05/18/202 | 145,021 | $20K | No change |
| BFRIW Biofrontera Inc. -CW26 | *W EXP 10/27/202 | 154,900 | $15K | No change |
| EDBLW Edible Garden AG Inc.-CW27 | *W EXP 99/99/999 | 144,525 | $14K | No change |
| NCPLW Netcapital Inc. -27 | *W EXP 07/12/202 | 203,188 | $5K | Reduce -0.0% |
| PXSAW Pyxis Tankers Inc. -CW25 | *W EXP 10/13/202 | 70,800 | $539 | No change |
Total filed on the 13F, all lines: $376.8M.
Portfolio Sells Q2 2025 → Q3 2025
| ENSG The Ensign Group Inc. | Reduce -37.1% | 2.46% | −1.76 |
| FSK FS KKR Capital Corp. | Reduce -43.9% | 0.38% | −0.75 |
| WLDN Willdan Group Inc. | Reduce -43.0% | 1.92% | −0.71 |
| SELF Global Self Storage Inc. | Reduce -46.7% | 0.45% | −0.63 |
| BXSL Blackstone Secured Lending F | Reduce -45.9% | 0.37% | −0.59 |
| LGCY Legacy Education Inc. | Reduce -5.8% | 1.16% | −0.58 |
| RWAY Runway Growth Finance Corp. | Reduce -48.7% | 0.38% | −0.57 |
| WELL Welltower Inc. | Reduce -66.3% | 0.23% | −0.48 |
| PSCU Invesco S&P S C U&C Ser ETF | Reduce -43.0% | 0.43% | −0.45 |
| VICI Vici Properties Inc. | Reduce -45.8% | 0.37% | −0.45 |
| IRT Independence Realty Trust Inc. | Reduce -45.6% | 0.32% | −0.44 |
| PCH Potlatchdeltic Corp. | Reduce -50.3% | 0.34% | −0.44 |
| VMBS Vanguard Mortgage-Backed Sec | Reduce -63.6% | 0.19% | −0.42 |
| ODC Oil-Dri Corp. of America | Reduce -5.8% | 1.68% | −0.40 |
| CSV Carriage Services Inc. | Reduce -4.9% | 1.21% | −0.37 |
| PSTL Postal Realty Trust Inc. Class A | Reduce -42.6% | 0.37% | −0.37 |
| LGL The LGL Group Inc. | Reduce -1.4% | 0.90% | −0.36 |
| ASUR Asure Software Inc. | Sold out | 0.00% | −0.35 |
| INUV Inuvo Inc. | Reduce -36.1% | 0.23% | −0.34 |
| BRT BRT Apartments Corp. | Reduce -46.9% | 0.27% | −0.34 |
| LOAN Manhattan Bridge Capital Inc. | Reduce -44.1% | 0.29% | −0.34 |
| TPZ Tort Electf Infra ETF-Usd Inc. | Reduce -1.3% | 1.60% | −0.31 |
| ACU Acme United Corp. | Reduce -1.9% | 1.21% | −0.29 |
| USAC USA Compression Partners LP | Reduce -0.1% | 1.20% | −0.27 |
| MDV Modiv Industrial Inc. | Reduce -48.9% | 0.21% | −0.26 |
| LAND Gladstone Land Corp. | Reduce -51.0% | 0.15% | −0.26 |
| INLX Intellinetics Inc. | Reduce -0.1% | 0.66% | −0.22 |
| AROC Archrock Inc. | Reduce -2.9% | 1.28% | −0.22 |
| COHR Coherent Corp. | Reduce -8.4% | 2.34% | −0.22 |
| WPM Wheaton Precious Metals Corp. | Reduce -15.2% | 1.47% | −0.21 |
| OBDC Blue Owl Capital Corp. | Reduce -51.8% | 0.11% | −0.21 |
| GENK Gen Restaurant Group Inc. | Sold out | 0.00% | −0.19 |
| PCYO Pure Cycle Corp. | Reduce -1.7% | 1.00% | −0.19 |
| GDXJ Vaneck Junior Gold Miners | Reduce -28.0% | 1.29% | −0.19 |
| PBA Pembina Pipeline Corp. | Reduce -44.0% | 0.18% | −0.18 |
| USPH U.S. Physical Therapy Inc. | Reduce -4.5% | 1.04% | −0.17 |
| GWRS Global Water Resources Inc. | Reduce -15.2% | 0.38% | −0.15 |
| CXDO Crexendo Inc. | Reduce -1.3% | 1.06% | −0.15 |
| UMH Umh Properties Inc. | Reduce -41.5% | 0.11% | −0.15 |
| SLV iShares Silver Trust | Reduce -45.0% | 0.21% | −0.15 |
| KWY Kingsway Corp. | Reduce -1.3% | 1.09% | −0.15 |
| CTRE Caretrust REIT Inc. | Reduce -40.9% | 0.17% | −0.14 |
| BLIN Bridgeline Digital Inc. | Reduce -1.1% | 0.49% | −0.14 |
| CJMB Callan JMB Inc. | Reduce -0.1% | 0.51% | −0.14 |
| RMT Royce Micro-Cap Trust Inc. | Reduce -22.1% | 0.33% | −0.13 |
| BANX Arrowmark Financial Corp. | Reduce -33.8% | 0.16% | −0.12 |
| META Meta Platforms Inc. Class A | Sold out | 0.00% | −0.11 |
| JKHY Jack Henry & Associates Inc. | Reduce -1.9% | 0.21% | −0.10 |
| TRGP Targa Resources Corp. | Reduce -0.6% | 0.37% | −0.10 |
| IEX Idex Corp. | Reduce -2.3% | 0.29% | −0.10 |
Portfolio Buys Q2 2025 → Q3 2025
| SCHO Schwab Short-Term US Treas | New | 1.79% | +1.79 |
| PFF iShares Preferred & Income S | Add +112.3% | 3.95% | +1.77 |
| REZ Ishars Res and Multi Reales | Add +904.4% | 1.77% | +1.56 |
| VNQ Vanguard Real Estate ETF | Add +1761.3% | 1.67% | +1.56 |
| XFFCX Flaherty & Crumrine Pref Inc. | Add +91.8% | 3.84% | +1.51 |
| AMLP Alerian MLP ETF | Add +774.9% | 1.26% | +1.08 |
| TYG Tortoise Energy Infrastruct | Add +584.0% | 1.31% | +1.08 |
| JAAA Janus Henderson Aaa Clo ETF | Add +120.0% | 2.34% | +1.06 |
| KYN Kayne Anderson Energy Infra | Add +462.7% | 1.29% | +1.01 |
| CMT Core Molding Technologies Inc. | New | 0.72% | +0.72 |
| NEE Nextera Energy Inc. | Add +156.6% | 1.16% | +0.66 |
| AMPG Amplitech Group Inc. | Add +0.1% | 1.68% | +0.57 |
| VPU Vanguard Utilities ETF | Add +122.0% | 1.09% | +0.53 |
| ACNT Ascent Industries Co. | Add +90.0% | 1.12% | +0.42 |
| TGEN Tecogen Inc./Waltham Ma | Add +10.8% | 1.62% | +0.25 |
| INDS Pacer Industrial Real Estate | Add +80.3% | 0.28% | +0.09 |
| VTIP Vanguard Short-Term Tips | New | 0.05% | +0.05 |
| BIZD Vaneck BDC Income ETF | Add +33.2% | 2.66% | +0.03 |
| EVI Evi Industries Inc. | Add +0.5% | 0.12% | +0.02 |
| FTLF Fitlife Brands Inc. | Add +3.5% | 0.09% | +0.02 |
| RMNI Rimini Street Inc. | Add +0.8% | 0.31% | +0.01 |
| WFCF Where Food Comes From Inc. | Add +0.6% | 0.22% | −0.00 |
| GOLD Gold.com Inc. | Add +2.2% | 0.65% | −0.01 |
| RDVT Red Violet Inc. | Add +0.7% | 0.11% | −0.01 |
| UTMD Utah Medical Products Inc. | Add +3.8% | 0.35% | −0.02 |
| OOMA Ooma Inc. | Add +1.9% | 0.08% | −0.02 |
| PAYS Paysign Inc. | Add +0.4% | 0.06% | −0.02 |
| PAVE Global X US Infrastructure | Add +1.3% | 0.26% | −0.02 |
| SANG Sangoma Technologies Corp. | Add +0.8% | 0.10% | −0.05 |
| VMD Viemed Healthcare Inc. | Add +1.4% | 0.62% | −0.13 |
| ACCS Access Newswire Inc. | Add +1.9% | 0.38% | −0.14 |
| MODULAR MED INC | Add +0.6% | 0.58% | −0.16 |
| FIP Ftai Infrastructure Inc. | Add +12.2% | 1.41% | −0.74 |
Notes & Other Activity Q2 2025 → Q3 2025
| MPTI.WS M-Tron Industries Inc. -28 | *W EXP 04/25/202 | Add +0.2% | 87,280 | $153K |
| AMPGW Amplitech Group Inc.-CW26 | *W EXP 02/26/202 | Reduce -0.7% | 83,315 | $34K |
| NCPLW Netcapital Inc. -27 | *W EXP 07/12/202 | Reduce -0.0% | 203,188 | $5K |
| BNCWW Cea Industries Inc. -CW27 | *W EXP 02/11/202 | Sold out | 210,475 | $5Kbefore exit |
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 |