Black Diamond Capital Management, L.L.C.
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Black Diamond Capital Management, L.L.C. reported 13 stock positions worth $171.6 million. Its top holding was Consumer Portfolio Services (CPSS) at 29.4% of the portfolio, followed by Verizon Communications (VZ, 15.7%) and KVH Industries (KVHI, 10.6%). Compared with Q1 2025, it added to 2. The biggest buy was Canterbury Park (CPHC, shares +1%).
- Most Recent 13F
- Q2 2025
- Location
- STAMFORD, CT
- CIK
- 0001282197
- Portfolio Value
- $171.6M (Q2 2025)
- SEC Filing
- 0000905148-25-002934 ↗ filed Aug 14, 2025
Holdings Value
Holdings 13 stocks · $171.6M
| CPSS Consumer Portfolio Services | 29.37% | 5,127,165 | $50.4M | No change |
| VZ Verizon Communications Inc. | 15.72% | 623,171 | $27.0M | No change |
| KVHI KVH Industries Inc. | 10.55% | 3,396,527 | $18.1M | Add +0.3% |
| CPHC Canterbury Park Holding Corp. | 9.39% | 854,805 | $16.1M | Add +0.5% |
| WYNN WYNN Resorts Ltd. | 9.18% | 168,158 | $15.8M | No change |
| UBS UBS Group AG-Reg | 6.90% | 350,000 | $11.8M | No change |
| FUN Six Flags Entertainment Corp. | 5.85% | 329,920 | $10.0M | No change |
| MAGN Magnera Corp. | 5.28% | 750,000 | $9.1M | No change |
| BYD Boyd Gaming Corp. | 3.74% | 82,000 | $6.4M | No change |
| CLW Clearwater Paper Corp. | 1.96% | 123,508 | $3.4M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 1.70% | 4 | $2.9M | No change |
| CVGI Commercial Vehicle Group Inc. | 0.34% | 350,000 | $581K | No change |
| NOTVQ Inotiv Inc. | 0.02% | 19,756 | $36K | No change |
Portfolio Sells Q1 2025 → Q2 2025
| None this quarter. | |||
Portfolio Buys Q1 2025 → Q2 2025
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2025 | 13 | $171.6M | CPSS, VZ, KVHI, CPHC, WYNN |
| Q1 2025 | 13 | $168.5M | CPSS, VZ, KVHI, CPHC, WYNN |
| Q4 2024 | 14 | $185.8M | CPSS, VZ, KVHI, CPHC, FUN |
| Q3 2024 | 12 | $168.8M | CPSS, VZ, VSTO, CPHC, KVHI |
| Q2 2024 | 12 | $165.4M | CPSS, VSTO, CPHC, VZ, KVHI |
| Q1 2024 | 13 | $151.6M | CPSS, VSTO, CPHC, KVHI, VZ |