In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 15, 2026), BRC Group Holdings, Inc. reported 19 stock positions worth $456.0 million . Its top holding was Babcock & Wilcox Enterpr (BW) at 88.4% of the portfolio, followed by Doubledown Interactive -ADR (DDI, 6.4% ) and Sequans Communications-ADR (SQNS, 1.0% ). Compared with Q4 2025, it opened 9 new positions, sold out of 10, added to 3 and reduced 1. The biggest buy was a new position in Riot Platforms (RIOT) and the biggest sale Doubledown Interactive -ADR (DDI, shares −0% ).
Location LOS ANGELES, CA
CIK 0001464790
Portfolio Value $456.0M (Q1 2026) Holdings 19 stocks · $456.0M Holdings quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock % Of Portfolio ▼ Shares Held Total Value Change vs Q4 2025 BW Babcock & Wilcox Enterpr 27,446,522 $403.2M No change DDI Doubledown Interactive -ADR 3,467,509 $29.3M Reduce -0.3% SQNS Sequans Communications-ADR 1,757,340 $4.4M Add +67.8% RIOT Riot Platforms Inc. 325,000 $4.0M New DRDB Roman DBDR Acquisition Corp. 605,913 $3.2M No change LFMD Lifemd Inc. 871,580 $3.1M Add +1077.8% STLN Starling Oncology Inc. filed as THE ONCOLOGY INSTITUTE INC 929,734 $2.9M Add +40.1% TACT Transact Technologies Inc. 545,812 $1.8M No change DAVE Dave Inc. 7,000 $1.2M New URG Ur-Energy Inc. 600,000 $894K New NN Nextnav Inc. 50,000 $801K New XBP XBP Global Holdings Inc. 73,657 $324K New OTGA Otg Acquisition Corp. I Class A 115,000 $236K New MCW Mister Car Wash Inc. 30,000 $209K New BZAI Blaize Holdings Inc. 83,353 $152K No change SDST Stardust Power Inc. 42,122 $99K New DHC Diversified Healthcare Trust 10,000 $66K New GCTS GCT Semiconductor Holding Inc. 56,818 $65K No change RMCO Royalty Management Holding C 20,000 $59K No change
Other holdings (2): bonds, preferreds, convertibles and warrants · $186K (not counted above) Total filed on the 13F, all lines: $456.2M.
Portfolio Sells Q4 2025 → Q1 2026 Portfolio Sells quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▲ DDI Doubledown Interactive -ADR Reduce -0.3% 6.42% −6.41 APLD Applied Digital Corp. Sold out 0.00% −5.19 SNCR Synchronoss Technologies Inc. Sold out 0.00% −1.50 XBP XBP Global Holdings Inc. Sold out 0.00% −0.27 IBIT iShares Bitcoin Trust ETF Sold out 0.00% −0.21 CELH Celsius Holdings Inc. Sold out 0.00% −0.17 TGLS Tecnoglass Holdings Inc. Sold out 0.00% −0.17 PGY Pagaya Technologies Ltd. Class A Sold out 0.00% −0.16 CRBP Corbus Pharmaceuticals Holdi Sold out 0.00% −0.13 ELF Elf Beauty Inc. Sold out 0.00% −0.12 OTGAU Otg Acquisition Corp. I Sold out 0.00% −0.10
Portfolio Buys Q4 2025 → Q1 2026 Portfolio Buys quarter Q2 2026 Q1 2026 Q4 2025 Q3 2025 Q2 2025 Q1 2025 Q4 2024 Q3 2024 Q2 2024 Q1 2024
Stock Change vs Q4 2025 % Of Portfolio Change To Portfolio ▼ RIOT Riot Platforms Inc. New 0.88% +0.88 LFMD Lifemd Inc. Add +1077.8% 0.69% +0.58 DAVE Dave Inc. New 0.27% +0.27 URG Ur-Energy Inc. New 0.20% +0.20 NN Nextnav Inc. New 0.18% +0.18 XBP XBP Global Holdings Inc. New 0.07% +0.07 OTGA Otg Acquisition Corp. I Class A New 0.05% +0.05 MCW Mister Car Wash Inc. New 0.05% +0.05 SDST Stardust Power Inc. New 0.02% +0.02 DHC Diversified Healthcare Trust New 0.01% +0.01 STLN Starling Oncology Inc. Add +40.1% 0.63% −0.38 SQNS Sequans Communications-ADR Add +67.8% 0.97% −1.04
Notes & Other Activity Q4 2025 → Q1 2026 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