Black Diamond Capital Management, L.L.C.
In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Black Diamond Capital Management, L.L.C. reported 13 stock positions worth $168.5 million. Its top holding was Consumer Portfolio Services (CPSS) at 26.4% of the portfolio, followed by Verizon Communications (VZ, 16.8%) and KVH Industries (KVHI, 10.6%). Compared with Q4 2024, it sold out of 1 and added to 4. The biggest buy was WYNN Resorts (WYNN, shares +57%) and the biggest sale an exit from Revelyst (GEAR).
- Most Recent 13F
- Q2 2025
- Location
- STAMFORD, CT
- CIK
- 0001282197
- Portfolio Value
- $168.5M (Q1 2025)
- SEC Filing
- 0000905148-25-001733 ↗ filed May 15, 2025
Holdings Value
Holdings 13 stocks · $168.5M
| CPSS Consumer Portfolio Services | 26.38% | 5,127,165 | $44.5M | No change |
| VZ Verizon Communications Inc. | 16.78% | 623,171 | $28.3M | No change |
| KVHI KVH Industries Inc. | 10.64% | 3,388,211 | $17.9M | Add +0.1% |
| CPHC Canterbury Park Holding Corp. | 9.21% | 850,403 | $15.5M | Add +0.0% |
| WYNN WYNN Resorts Ltd. | 8.33% | 168,158 | $14.0M | Add +57.1% |
| MAGN Magnera Corp. | 8.08% | 750,000 | $13.6M | Add +52.8% |
| FUN Six Flags Entertainment Corp. | 6.98% | 329,920 | $11.8M | No change |
| UBS UBS Group AG-Reg | 6.36% | 350,000 | $10.7M | No change |
| BYD Boyd Gaming Corp. | 3.20% | 82,000 | $5.4M | No change |
| BRK.A Berkshire Hathaway Inc. Class A | 1.90% | 4 | $3.2M | No change |
| CLW Clearwater Paper Corp. | 1.86% | 123,508 | $3.1M | No change |
| CVGI Commercial Vehicle Group Inc. | 0.24% | 350,000 | $403K | No change |
| NOTVQ Inotiv Inc. | 0.03% | 19,756 | $44K | No change |
Portfolio Sells Q4 2024 → Q1 2025
| GEAR Revelyst Inc. | Sold out | 0.00% | −5.65 |
Portfolio Buys Q4 2024 → Q1 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 |