In its 13F for Q1 2025 (holdings as of March 31, 2025, filed May 15, 2025), Edenbrook Capital, LLC reported 5 stock positions worth $165.1 million . Its top holding was Cognyte Software (CGNT) at 31.4% of the portfolio, followed by Magnite (MGNI, 27.8% ) and Frequency Electronics (FEIM, 17.8% ). Compared with Q4 2024, it sold out of 1 and added to 4. The biggest buy was Cognyte Software (CGNT, shares +1% ) and the biggest sale an exit from Brightcove (BCOV).
Location Mt. Kisco, NY
CIK 0001666682
Portfolio Value $165.1M (Q1 2025) Holdings 5 stocks · $165.1M 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 2024 CGNT Cognyte Software Ltd. 6,635,083 $51.8M Add +1.3% MGNI Magnite Inc. 4,016,672 $45.8M Add +29.4% FEIM Frequency Electronics Inc. 1,873,810 $29.3M No change MCHX Marchex Inc. Class B 14,664,380 $23.9M Add +0.7% PHX PHX Minerals Inc. 3,606,085 $14.2M Add +0.8%
Options reported separately and not counted above: QQQ puts ($42.2M), SPY puts ($39.2M), XLK puts ($20.6M), IWM puts ($15.0M), HYG puts ($11.8M), BKLN puts ($10.3M), XLP puts ($9.8M), EFA puts ($8.2M), XLE puts ($7.5M), FEZ puts ($5.4M), MGNI calls ($5.1M), VIXM calls ($2.4M).
Portfolio Sells Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▲ BCOV Brightcove Sold out 0.00% −13.86
Portfolio Buys Q4 2024 → Q1 2025 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 2024 % Of Portfolio Change To Portfolio ▼ CGNT Cognyte Software Ltd. Add +1.3% 31.36% +4.32 MGNI Magnite Inc. Add +29.4% 27.77% +4.20 MCHX Marchex Inc. Class B Add +0.7% 14.48% +2.33 PHX PHX Minerals Inc. Add +0.8% 8.63% +1.80
Options Activity Q4 2024 → Q1 2025 Security Type Change vs Q4 2024 Underlying Shares Value ▼ QQQ Invesco QQQ Trust Series 1 put Add +140.0% 90,000 $42.2M SPY SS SPDR S&P 500 ETF Trust-US put Reduce -49.1% 70,000 $39.2M XLK SS Technology Select Sector put New 100,000 $20.6M IWM iShares Russell 2000 ETF put Reduce -53.1% 75,000 $15.0M HYG Ishr Ibx Usd Hiyld CB ETF-Ui put New 150,000 $11.8M BKLN Invesco Senior Loan ETF put New 500,000 $10.3M XLP SS Consumer Staples Sel Sect put New 120,000 $9.8M EFA iShares MSCI Eafe ETF put New 100,000 $8.2M XLE SS Energy Select Sector put New 80,000 $7.5M FEZ State Street SPDR Euro Stoxx put New 100,000 $5.4M MGNI Magnite Inc. call Reduce -10.0% 450,000 $5.1M VIXM Proshares Vix Mid-Term Fut call New 150,000 $2.4M PSEC Prospect Capital Corp. put Sold out 400,000 $1.7Mbefore exit
Calls and puts are listed by the shares they cover; their value is not part of the stock holdings above.
All Filings Quarter Positions 13F Reported Value Top Holdings Q2 2026 6 $286.1M FEIM, MGNI, CGNT, MCHX, DV Q1 2026 4 $195.6M FEIM, CGNT, MGNI, MCHX Q4 2025 5 $236.9M FEIM, CGNT, MGNI, MCHX, THRM Q3 2025 5 $196.7M FEIM, CGNT, MGNI, MCHX, THRM Q2 2025 5 $226.8M MGNI, CGNT, FEIM, MCHX, THRM Q1 2025 5 $165.1M CGNT, MGNI, FEIM, MCHX, PHX Q4 2024 6 $209.6M CGNT, MGNI, FEIM, BCOV, MCHX Q3 2024 8 $169.3M MGNI, CGNT, MCHX, FEIM, BCOV Q2 2024 8 $180.0M MGNI, CGNT, MCHX, FEIM, BCOV Q1 2024 8 $194.3M MGNI, CGNT, FEIM, MCHX, BCOV