Black Diamond Capital Management I, LLLP
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Black Diamond Capital Management I, LLLP reported 12 stock positions worth $150.2 million. Its top holding was Consumer Portfolio Services (CPSS) at 31.8% of the portfolio, followed by Verizon Communications (VZ, 16.9%) and KVH Industries (KVHI, 16.2%). Compared with Q3 2025, it sold out of 2 and added to 1. The biggest buy was KVH Industries (KVHI, shares +3%) and the biggest sale an exit from Magnera (MAGN).
- Most Recent 13F
- Q2 2026
- Location
- ST. THOMAS, VI
- CIK
- 0002084285
- Portfolio Value
- $150.2M (Q4 2025)
- SEC Filing
- 0000905148-26-000873 ↗ filed Feb 17, 2026
Holdings Value
Holdings 12 stocks · $150.2M
| CPSS Consumer Portfolio Services | 31.84% | 5,127,165 | $47.8M | No change |
| VZ Verizon Communications Inc. | 16.89% | 623,171 | $25.4M | No change |
| KVHI KVH Industries Inc. | 16.23% | 3,498,596 | $24.4M | Add +3.0% |
| CPHC Canterbury Park Holding Corp. | 8.81% | 859,169 | $13.2M | No change |
| WYNN WYNN Resorts Ltd. | 8.26% | 103,158 | $12.4M | No change |
| UBS UBS Group AG-Reg | 6.16% | 200,000 | $9.3M | No change |
| BYD Boyd Gaming Corp. | 4.65% | 82,000 | $7.0M | No change |
| FUN Six Flags Entertainment Corp. | 3.37% | 329,920 | $5.1M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 2.01% | 4 | $3.0M | No change |
| CLW Clearwater Paper Corp. | 1.43% | 123,508 | $2.1M | No change |
| CVGI Commercial Vehicle Group Inc. | 0.34% | 350,000 | $504K | No change |
| NOTVQ Inotiv Inc. | 0.01% | 19,756 | $11K | No change |
Portfolio Sells Q3 2025 → Q4 2025
Portfolio Buys Q3 2025 → Q4 2025
| KVHI KVH Industries Inc. | Add +3.0% | 16.23% | +3.59 |