BRC Group Holdings, Inc.

Name: BRC Group Holdings, Inc. 13F holdings, Q4 2025
Creator: BRC Group Holdings, Inc.
Published: 2026-02-10

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

In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 10, 2026), BRC Group Holdings, Inc. reported 20 stock positions worth $233.9 million. Its top holding was Babcock & Wilcox Enterpr (BW) at 74.4% of the portfolio, followed by Doubledown Interactive -ADR (DDI, 12.8%) and Applied Digital (APLD, 5.2%). Compared with Q3 2025, it opened 10 new positions, sold out of 11, added to 1 and reduced 3. The biggest buy was a new position in Applied Digital (APLD) and the biggest sale an exit from Applied Materials (AMAT).

Most Recent 13F: Q2 2026
Location: LOS ANGELES, CA
CIK: 0001464790
Portfolio Value: $233.9M (Q4 2025)
SEC Filing: 0001213900-26-013962 ↗ filed Feb 10, 2026

Holdings Value

Holdings 20 stocks · $233.9M


BW Babcock & Wilcox Enterpr	74.41%	27,446,522	$174.0M	No change
DDI Doubledown Interactive -ADR	12.83%	3,477,440	$30.0M	Add +0.8%
APLD Applied Digital Corp.	5.19%	495,000	$12.1M	New
SQNS Sequans Communications-ADR	2.01%	1,047,614	$4.7M	New
SNCR Synchronoss Technologies Inc.	1.50%	409,196	$3.5M	No change
STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC	1.01%	663,376	$2.4M	Reduce -18.3%
TACT Transact Technologies Inc.	0.93%	545,812	$2.2M	New
DRDB Roman DBDR Acquisition Corp.	0.55%	605,913	$1.3M	No change
XBP XBP Global Holdings Inc.	0.27%	93,951	$640K	Reduce -78.0%
IBIT iShares Bitcoin Trust ETF	0.21%	10,000	$497K	Reduce -57.5%
CELH Celsius Holdings Inc.	0.17%	8,600	$393K	New
TGLS Tecnoglass Holdings Inc.	0.17%	7,700	$387K	New
PGY Pagaya Technologies Ltd. Class A	0.16%	17,700	$370K	New
CRBP Corbus Pharmaceuticals Holdi	0.13%	38,714	$315K	New
ELF Elf Beauty Inc.	0.12%	3,600	$274K	New
LFMD Lifemd Inc.	0.11%	74,000	$252K	New
OTGAU Otg Acquisition Corp. I	0.10%	115,000	$234K	No change
BZAI Blaize Holdings Inc.	0.07%	83,353	$163K	New
GCTS GCT Semiconductor Holding Inc.	0.03%	56,818	$68K	No change
RMCO Royalty Management Holding C	0.03%	20,000	$62K	No change

Other holdings (1): bonds, preferreds, convertibles and warrants · $99K (not counted above)

Security	Class	Shares / Principal	Value	Change
XEROX HOLDINGS CORP (XRX 3.75 03/15/30)	NOTE 3.750% 3/1 · principal	337,000	$99K	New

Total filed on the 13F, all lines: $234.0M.

Portfolio Sells Q3 2025 → Q4 2025


AMAT Applied Materials Inc.	Sold out	0.00%	−7.72
SQNS Sequans Communications S A	Sold out	0.00%	−5.15
TRANSACT TECHNOLOGIES INC	Sold out	0.00%	−2.12
BLAIZE HLDGS INC	Sold out	0.00%	−1.66
STLN Starling Oncology Inc.	Reduce -18.3%	1.01%	−0.92
IBIT iShares Bitcoin Trust ETF	Reduce -57.5%	0.21%	−0.83
VPG Vishay Precision Group	Sold out	0.00%	−0.37
QNST Quinstreet Inc.	Sold out	0.00%	−0.29
IMAX Imax Corp.	Sold out	0.00%	−0.24
OPRA Opera Ltd.-ADR	Sold out	0.00%	−0.23
SPMC Sound Point Meridian Capital	Sold out	0.00%	−0.10
BTBT Bit Digital Inc.	Sold out	0.00%	−0.05
AIRJ Airjoule Technologies Corp.	Sold out	0.00%	−0.04
XBP XBP Global Holdings Inc.	Reduce -78.0%	0.27%	+0.04

Portfolio Buys Q3 2025 → Q4 2025


APLD Applied Digital Corp.	New	5.19%	+5.19
SQNS Sequans Communications-ADR	New	2.01%	+2.01
TACT Transact Technologies Inc.	New	0.93%	+0.93
CELH Celsius Holdings Inc.	New	0.17%	+0.17
TGLS Tecnoglass Holdings Inc.	New	0.17%	+0.17
PGY Pagaya Technologies Ltd. Class A	New	0.16%	+0.16
CRBP Corbus Pharmaceuticals Holdi	New	0.13%	+0.13
ELF Elf Beauty Inc.	New	0.12%	+0.12
LFMD Lifemd Inc.	New	0.11%	+0.11
BZAI Blaize Holdings Inc.	New	0.07%	+0.07
DDI Doubledown Interactive -ADR	Add +0.8%	12.83%	−9.08

Notes & Other Activity Q3 2025 → Q4 2025


EOS ENERGY ENTER -CW26	*W EXP 11/17/202	Sold out	224,400	$397Kbefore exit
PGYWW Pagaya Technologies Ltd. -27	*W EXP 99/99/999	Sold out	11,000	$327Kbefore exit
XEROX HOLDINGS CORP (XRX 3.75 03/15/30)	NOTE 3.750% 3/1 · principal	New	337,000	$99K
BEYOND MEAT INC (BYND 0 03/15/27)	NOTE 3/1 · principal	Sold out	300,000	$59Kbefore exit
8X8 INC (EGHT 4 02/01/28)	NOTE 4.000% 2/0 · principal	Sold out	22,000	$19Kbefore exit

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