Clayton Partners LLC
In its 13F for Q4 2025 (holdings as of December 31, 2025, filed February 17, 2026), Clayton Partners LLC reported 38 stock positions worth $138.5 million. Its top holding was Bristow (VTOL) at 8.5% of the portfolio, followed by Sonida Senior Living (SNDA, 6.6%) and Transalta (TAC, 5.7%). Compared with Q3 2025, it opened 7 new positions, sold out of 5, added to 7 and reduced 22. The biggest buy was a new position in Joint (JYNT) and the biggest sale an exit from Fiserv (FISV).
- Most Recent 13F
- Q2 2026
- Location
- BERKELEY, CA
- CIK
- 0001550509
- Portfolio Value
- $138.5M (Q4 2025)
- SEC Filing
- 0001754960-26-000186 ↗ filed Feb 17, 2026
Holdings Value
Holdings 38 stocks · $138.5M
| VTOL Bristow Group Inc. | 8.45% | 319,634 | $11.7M | Reduce -5.0% |
| SNDA Sonida Senior Living Inc. | 6.57% | 278,813 | $9.1M | Reduce -10.8% |
| TAC Transalta Corp. | 5.75% | 629,572 | $8.0M | Reduce -9.2% |
| CRC California Resources Corp. | 4.86% | 150,364 | $6.7M | Add +10.5% |
| GOOG Alphabet Inc. Class C | 4.50% | 19,876 | $6.2M | Reduce -1.3% |
| BRK.B Berkshire Hathaway Inc. Class B | 4.36% | 12,011 | $6.0M | Reduce -1.3% |
| B Barrick Mining Corp. | 4.27% | 135,761 | $5.9M | Reduce -1.1% |
| WFC Wells Fargo & Co. | 3.98% | 59,164 | $5.5M | Reduce -1.3% |
| SGOV iShares 0-3 Month Treasury B | 3.49% | 48,115 | $4.8M | Reduce -1.4% |
| TWLO Twilio Inc. Class A | 3.34% | 32,468 | $4.6M | Reduce -1.1% |
| AZN Astrazeneca PLC-Spons ADR | 3.06% | 46,139 | $4.2M | Reduce -1.1% |
| NHI Natl Health Investors Inc. filed as NATIONAL HEALTH INVS INC | 3.06% | 55,456 | $4.2M | Add +14.4% |
| TKO Tko Group Holdings Inc. | 3.01% | 19,966 | $4.2M | Reduce -1.1% |
| ABBV Abbvie Inc. | 2.99% | 18,131 | $4.1M | Reduce -1.1% |
| FSLR First Solar Inc. | 2.83% | 14,983 | $3.9M | Add +7.3% |
| FLEX Flex Ltd. | 2.80% | 64,133 | $3.9M | Reduce -1.0% |
| TSLX Sixth Street Specialty Lendi | 2.79% | 178,121 | $3.9M | Add +29.9% |
| FLR Fluor Corp. | 2.74% | 95,740 | $3.8M | Add +18.8% |
| LHX L3HARRIS Technologies Inc. | 2.60% | 12,271 | $3.6M | Reduce -1.2% |
| NXT Nextpower Inc. | 2.52% | 40,100 | $3.5M | Reduce -1.0% |
| FDX FedEx Corp. | 2.51% | 12,034 | $3.5M | Reduce -1.2% |
| J Jacobs Solutions Inc. | 2.28% | 23,882 | $3.2M | Reduce -1.0% |
| IVLU iShares MSCI International V | 2.22% | 80,688 | $3.1M | Reduce -1.1% |
| VXUS Vanguard Total Intl Stock | 2.03% | 37,199 | $2.8M | Reduce -1.1% |
| REFI Chicago Atlantic Real Estate | 1.87% | 211,000 | $2.6M | Add +52.9% |
| ROCK Gibraltar Industries Inc. | 1.77% | 49,652 | $2.5M | Reduce -25.4% |
| MYE Myers Industries Inc. | 1.55% | 115,000 | $2.2M | No change |
| TWO Two Harbors Investment Corp. filed as TWO HBRS INVT CORP | 1.48% | 195,000 | $2.0M | Add +56.0% |
| JYNT The Joint Corp. | 1.19% | 189,460 | $1.7M | New |
| EPSN Epsilon Energy Ltd. | 1.19% | 355,261 | $1.6M | No change |
| NTIP Network-1 Technologies Inc. | 0.96% | 1,018,627 | $1.3M | Reduce -2.4% |
| MSIF MSC Income Fund Inc. | 0.66% | 69,286 | $910K | New |
| ARCC Ares Capital Corp. | 0.58% | 40,000 | $809K | New |
| ATKR Atkore Inc. | 0.46% | 10,000 | $633K | New |
| HOS Hornbeck Offshore Services I filed as HELIX ENERGY SOLUTIONS GRP I | 0.45% | 100,000 | $627K | New |
| LUMN Lumen Technologies Inc. | 0.42% | 75,000 | $583K | Reduce -44.4% |
| TRC Tejon Ranch Co. | 0.20% | 17,709 | $279K | New |
| UWMC Uwm Holdings Corp. | 0.19% | 60,000 | $263K | New |
Portfolio Sells Q3 2025 → Q4 2025
| FISV Fiserv Inc. | Sold out | 0.00% | −1.51 |
| TAC Transalta Corp. | Reduce -9.2% | 5.75% | −1.44 |
| ROCK Gibraltar Industries Inc. | Reduce -25.4% | 1.77% | −1.40 |
| VTOL Bristow Group Inc. | Reduce -5.0% | 8.45% | −0.75 |
| PTON Peloton Interactive Inc. Class A | Sold out | 0.00% | −0.61 |
| J Jacobs Solutions Inc. | Reduce -1.0% | 2.28% | −0.46 |
| ACTG Acacia Research Corp. | Sold out | 0.00% | −0.44 |
| DX Dynex Capital Inc. | Sold out | 0.00% | −0.42 |
| BRK.B Berkshire Hathaway Inc. Class B | Reduce -1.3% | 4.36% | −0.28 |
| LHX L3HARRIS Technologies Inc. | Reduce -1.2% | 2.60% | −0.27 |
| SGOV iShares 0-3 Month Treasury B | Reduce -1.4% | 3.49% | −0.24 |
| ABBV Abbvie Inc. | Reduce -1.1% | 2.99% | −0.23 |
| NTIP Network-1 Technologies Inc. | Reduce -2.4% | 0.96% | −0.22 |
| SOC Sable Offshore Corp. | Sold out | 0.00% | −0.22 |
| LUMN Lumen Technologies Inc. | Reduce -44.4% | 0.42% | −0.21 |
| TKO Tko Group Holdings Inc. | Reduce -1.1% | 3.01% | −0.08 |
| VXUS Vanguard Total Intl Stock | Reduce -1.1% | 2.03% | −0.07 |
| FLEX Flex Ltd. | Reduce -1.0% | 2.80% | −0.05 |
| SNDA Sonida Senior Living Inc. | Reduce -10.8% | 6.57% | −0.01 |
| IVLU iShares MSCI International V | Reduce -1.1% | 2.22% | +0.02 |
| WFC Wells Fargo & Co. | Reduce -1.3% | 3.98% | +0.17 |
| NXT Nextpower Inc. | Reduce -1.0% | 2.52% | +0.25 |
| FDX FedEx Corp. | Reduce -1.2% | 2.51% | +0.33 |
| AZN Astrazeneca PLC-Spons ADR | Reduce -1.1% | 3.06% | +0.35 |
| GOOG Alphabet Inc. Class C | Reduce -1.3% | 4.50% | +0.79 |
| TWLO Twilio Inc. Class A | Reduce -1.1% | 3.34% | +0.84 |
| B Barrick Mining Corp. | Reduce -1.1% | 4.27% | +0.86 |
Portfolio Buys Q3 2025 → Q4 2025
| JYNT The Joint Corp. | New | 1.19% | +1.19 |
| MSIF MSC Income Fund Inc. | New | 0.66% | +0.66 |
| ARCC Ares Capital Corp. | New | 0.58% | +0.58 |
| TWO Two Harbors Investment Corp. | Add +56.0% | 1.48% | +0.54 |
| REFI Chicago Atlantic Real Estate | Add +52.9% | 1.87% | +0.53 |
| FSLR First Solar Inc. | Add +7.3% | 2.83% | +0.49 |
| ATKR Atkore Inc. | New | 0.46% | +0.46 |
| HOS Hornbeck Offshore Services I | New | 0.45% | +0.45 |
| TSLX Sixth Street Specialty Lendi | Add +29.9% | 2.79% | +0.42 |
| TRC Tejon Ranch Co. | New | 0.20% | +0.20 |
| UWMC Uwm Holdings Corp. | New | 0.19% | +0.19 |
| FLR Fluor Corp. | Add +18.8% | 2.74% | +0.17 |
| NHI Natl Health Investors Inc. | Add +14.4% | 3.06% | +0.14 |
| CRC California Resources Corp. | Add +10.5% | 4.86% | −0.63 |
All Filings
| Quarter | Positions | 13F Reported Value | Top Holdings |
|---|---|---|---|
| Q2 2026 | 44 | $152.2M | SNDA, VTOL, TAC, FLR, CRC |
| Q1 2026 | 38 | $137.5M | VTOL, SNDA, TAC, CRC, FLR |
| Q4 2025 | 38 | $138.5M | VTOL, SNDA, TAC, CRC, GOOG |
| Q3 2025 | 36 | $131.9M | VTOL, TAC, SNDA, CRC, BRK.B |
| Q2 2025 | 37 | $119.0M | VTOL, TAC, SNDA, BRK.B, B |
| Q1 2025 | 33 | $115.0M | VTOL, BRK.B, SNDA, SGOV, TAC |
| Q4 2024 | 39 | $144.6M | VTOL, TAC, CRC, BRK.B, FLEX |
| Q3 2024 | 38 | $138.8M | VTOL, TAC, BRK.B, SGOV, CRC |
| Q2 2024 | 36 | $124.3M | VTOL, SGOV, FLEX, BRK.B, CRC |
| Q1 2024 | 36 | $117.7M | SGOV, VTOL, FLEX, CRC, BRK.B |