BRC Group Holdings, Inc.

Name: BRC Group Holdings, Inc. 13F holdings, Q3 2025
Creator: BRC Group Holdings, Inc.
Published: 2026-02-03

Q2 2026Q1 2026Q4 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024Q1 2024

In its 13F for Q3 2025 (holdings as of September 30, 2025, filed February 3, 2026), BRC Group Holdings, Inc. reported 21 stock positions worth $147.1 million. Its top holding was Babcock & Wilcox Enterpr (BW) at 54.1% of the portfolio, followed by Doubledown Interactive -ADR (DDI, 21.9%) and Applied Materials (AMAT, 7.7%). Compared with Q2 2025, it opened 8 new positions, sold out of 21, added to 3 and reduced 3. The biggest buy was a new position in Applied Materials (AMAT) and the biggest sale Doubledown Interactive -ADR (DDI, shares −4%).

Most Recent 13F: Q2 2026
Location: LOS ANGELES, CA
CIK: 0001464790
Portfolio Value: $147.1M (Q3 2025)
SEC Filing: 0001213900-26-011557 ↗ filed Feb 3, 2026

Holdings Value

Holdings 21 stocks · $147.1M


BW Babcock & Wilcox Enterpr	54.11%	27,446,522	$79.6M	No change
DDI Doubledown Interactive -ADR	21.91%	3,450,503	$32.2M	Reduce -4.3%
AMAT Applied Materials Inc.	7.72%	495,000	$11.4M	New
SQNS Sequans Communications S A	5.15%	800,692	$7.6M	New
TRANSACT TECHNOLOGIES INC	2.12%	575,009	$3.1M	Reduce -38.0%
STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC	1.93%	811,546	$2.8M	Add +75.7%
SNCR Synchronoss Technologies Inc.	1.69%	409,196	$2.5M	Add +42.3%
BLAIZE HLDGS INC	1.66%	708,854	$2.4M	New
IBIT iShares Bitcoin Trust ETF	1.04%	23,500	$1.5M	Add +42.4%
DRDB Roman DBDR Acquisition Corp.	0.87%	605,913	$1.3M	No change
VPG Vishay Precision Group	0.37%	17,000	$545K	New
QNST Quinstreet Inc.	0.29%	27,780	$430K	No change
IMAX Imax Corp.	0.24%	10,887	$357K	No change
XBP XBP Global Holdings Inc.	0.23%	426,252	$344K	New
OPRA Opera Ltd.-ADR	0.23%	16,484	$340K	No change
OTGAU Otg Acquisition Corp. I	0.16%	115,000	$232K	New
SPMC Sound Point Meridian Capital	0.10%	47,510	$147K	New
GCTS GCT Semiconductor Holding Inc.	0.06%	56,818	$86K	No change
BTBT Bit Digital Inc.	0.05%	25,000	$75K	Reduce -99.1%
AIRJ Airjoule Technologies Corp.	0.04%	12,567	$59K	New
RMCO Royalty Management Holding C	0.03%	20,000	$42K	No change

Other holdings (4): bonds, preferreds, convertibles and warrants · $802K (not counted above)

Security	Class	Shares / Principal	Value	Change
EOS ENERGY ENTER -CW26	*W EXP 11/17/202	224,400	$397K	No change
PGYWW Pagaya Technologies Ltd. -27	*W EXP 99/99/999	11,000	$327K	New
BEYOND MEAT INC (BYND 0 03/15/27)	NOTE 3/1 · principal	300,000	$59K	Reduce -80.0%
8X8 INC (EGHT 4 02/01/28)	NOTE 4.000% 2/0 · principal	22,000	$19K	New

Total filed on the 13F, all lines: $147.9M.

Portfolio Sells Q2 2025 → Q3 2025


DDI Doubledown Interactive -ADR	Reduce -4.3%	21.91%	−17.06
BTBT Bit Digital Inc.	Reduce -99.1%	0.05%	−7.17
DIREXION DLY S&P 500 BEAR 3X	Sold out	0.00%	−3.18
TRANSACT TECHNOLOGIES INC	Reduce -38.0%	2.12%	−1.71
RDW Redwire Corp.	Sold out	0.00%	−1.39
DAVE Dave Inc.	Sold out	0.00%	−0.91
BZH Beazer Homes USA Inc.	Sold out	0.00%	−0.72
HROW Harrow Inc.	Sold out	0.00%	−0.65
DBRG Digitalbridge Group Inc.	Sold out	0.00%	−0.63
GSAT Globalstar Inc.	Sold out	0.00%	−0.63
VSEC Vse Corp.	Sold out	0.00%	−0.58
HNST The Honest Co. Inc.	Sold out	0.00%	−0.57
ETON Eton Pharmaceuticals Inc.	Sold out	0.00%	−0.51
AVNW Aviat Networks Inc.	Sold out	0.00%	−0.46
CDZI Cadiz Inc.	Sold out	0.00%	−0.41
XGN Exagen Inc.	Sold out	0.00%	−0.39
BWMN Bowman Consulting Group Ltd.	Sold out	0.00%	−0.38
DHC Diversified Healthcare Trust	Sold out	0.00%	−0.37
PRTH Priority Technology Holdings	Sold out	0.00%	−0.33
ONTO Onto Innovation Inc.	Sold out	0.00%	−0.28
AOMR Angel Oak Mortgage REIT Inc.	Sold out	0.00%	−0.26
CAN Canaan Inc.	Sold out	0.00%	−0.21
SCLX Scilex Holding Co.	Sold out	0.00%	−0.08
SDST Stardust Power Inc.	Sold out	0.00%	−0.01

Portfolio Buys Q2 2025 → Q3 2025


AMAT Applied Materials Inc.	New	7.72%	+7.72
SQNS Sequans Communications S A	New	5.15%	+5.15
BLAIZE HLDGS INC	New	1.66%	+1.66
STLN Starling Oncology Inc.	Add +75.7%	1.93%	+0.86
VPG Vishay Precision Group	New	0.37%	+0.37
XBP XBP Global Holdings Inc.	New	0.23%	+0.23
OTGAU Otg Acquisition Corp. I	New	0.16%	+0.16
SPMC Sound Point Meridian Capital	New	0.10%	+0.10
AIRJ Airjoule Technologies Corp.	New	0.04%	+0.04
IBIT iShares Bitcoin Trust ETF	Add +42.4%	1.04%	−0.10
SNCR Synchronoss Technologies Inc.	Add +42.3%	1.69%	−0.53

Notes & Other Activity Q2 2025 → Q3 2025


PGYWW Pagaya Technologies Ltd. -27	*W EXP 99/99/999	New	11,000	$327K
FIVERR INTERNATIONAL LTD (FVRR 0 11/01/25)	NOTE 11/0 · principal	Sold out	150,000	$146Kbefore exit
BEYOND MEAT INC (BYND 0 03/15/27)	NOTE 3/1 · principal	Reduce -80.0%	300,000	$59K
WOLF Wolfspeed Inc. (wolf 0.25 02/15/28)	NOTE 0.250% 2/1 · principal	Sold out	100,000	$25Kbefore exit
8X8 INC (EGHT 4 02/01/28)	NOTE 4.000% 2/0 · principal	New	22,000	$19K

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	35	$433.4M	BW, DDI, SQNS, STLN, DRDB
Q1 2026	19	$456.0M	BW, DDI, SQNS, RIOT, DRDB
Q4 2025	20	$233.9M	BW, DDI, APLD, SQNS, SNCR
Q3 2025	21	$147.1M	BW, DDI, AMAT, SQNS, TRANSACT TECHNOLOGIES INC
Q2 2025	34	$88.6M	DDI, BW, BTBT, TRANSACT TECHNOLOGIES INC, DIREXION DLY S&P 500 BEAR 3X
Q1 2025	20	$79.3M	DDI, BW, TRANSACT TECHNOLOGIES INC, SNCR, LSEA
Q4 2024	13	$119.2M	BW, DDI, CDZI, SNCR, LSEA
Q3 2024	13	$149.6M	DDI, BW, SNCR, LILMF, TACT
Q2 2024	14	$122.9M	DDI, BW, SNCR, LILMF, TACT
Q1 2024	13	$103.2M	DDI, BW, SNCR, IPX, TACT