Black Diamond Capital Management, L.L.C.

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Black Diamond Capital Management, L.L.C. reported 14 stock positions worth $185.8 million. Its top holding was Consumer Portfolio Services (CPSS) at 30.0% of the portfolio, followed by Verizon Communications (VZ, 13.4%) and KVH Industries (KVHI, 10.4%). Compared with Q3 2024, it opened 2 new positions, added to 3 and reduced 1. The biggest buy was a new position in Six Flags Entertainment (FUN) and the biggest sale Revelyst (GEAR, shares −22%).

Most Recent 13F
Q2 2025
Location
STAMFORD, CT
CIK
0001282197
Portfolio Value
$185.8M (Q4 2024)
SEC Filing
0000905148-25-000660 ↗ filed Feb 14, 2025

Holdings Value

0$50.0M$100.0M$150.0M$200.0M Q1 2024: $151.6M Q1 2024 Q2 2024: $165.4M Q2 2024 Q3 2024: $168.8M Q3 2024 Q4 2024: $185.8M $185.8M Q4 2024 Q1 2025: $168.5M Q1 2025 Q2 2025: $171.6M Q2 2025

Holdings 14 stocks · $185.8M
CPSS Consumer Portfolio Services 29.98% 5,127,165 $55.7M No change
VZ Verizon Communications Inc. 13.42% 623,171 $24.9M No change
KVHI KVH Industries Inc. 10.38% 3,384,054 $19.3M Add +0.8%
CPHC Canterbury Park Holding Corp. 9.38% 850,081 $17.4M Add +0.1%
FUN Six Flags Entertainment Corp. 8.56% 329,920 $15.9M New
UBS UBS Group AG-Reg 5.71% 350,000 $10.6M No change
GEAR Revelyst Inc. 5.65% 545,303 $10.5M Reduce -21.6%
WYNN WYNN Resorts Ltd. 4.96% 107,012 $9.2M Add +10.3%
MAGN Magnera Corp. 4.80% 490,871 $8.9M New
BYD Boyd Gaming Corp. 3.20% 82,000 $5.9M No change
CLW Clearwater Paper Corp. 1.98% 123,508 $3.7M No change
BRK.A Berkshire Hathaway Inc. Class A 1.47% 4 $2.7M No change
CVGI Commercial Vehicle Group Inc. 0.47% 350,000 $868K No change
NOTVQ Inotiv Inc. 0.04% 19,756 $82K No change

Portfolio Sells Q3 2024 → Q4 2024
GEAR Revelyst Inc. Reduce -21.6% 5.65% −10.49

Portfolio Buys Q3 2024 → Q4 2024
FUN Six Flags Entertainment Corp. New 8.56% +8.56
MAGN Magnera Corp. New 4.80% +4.80
KVHI KVH Industries Inc. Add +0.8% 10.38% +0.78
CPHC Canterbury Park Holding Corp. Add +0.1% 9.38% −0.33
WYNN WYNN Resorts Ltd. Add +10.3% 4.96% −0.55

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2025 13$171.6MCPSS, VZ, KVHI, CPHC, WYNN
Q1 2025 13$168.5MCPSS, VZ, KVHI, CPHC, WYNN
Q4 2024 14$185.8MCPSS, VZ, KVHI, CPHC, FUN
Q3 2024 12$168.8MCPSS, VZ, VSTO, CPHC, KVHI
Q2 2024 12$165.4MCPSS, VSTO, CPHC, VZ, KVHI
Q1 2024 13$151.6MCPSS, VSTO, CPHC, KVHI, VZ