Edenbrook Capital, LLC
In its 13F for Q2 2025 (holdings as of June 30, 2025, filed August 14, 2025), Edenbrook Capital, LLC reported 5 stock positions worth $226.8 million. Its top holding was Magnite (MGNI) at 38.4% of the portfolio, followed by Cognyte Software (CGNT, 27.4%) and Frequency Electronics (FEIM, 18.8%). Compared with Q1 2025, it opened 1 new position, sold out of 1, added to 1 and reduced 1. The biggest buy was a new position in Gentherm (THRM) and the biggest sale an exit from PHX Minerals (PHX).
- Most Recent 13F
- Q2 2026
- Location
- Mt. Kisco, NY
- CIK
- 0001666682
- Portfolio Value
- $226.8M (Q2 2025)
- SEC Filing
- 0000919574-25-004660 ↗ filed Aug 14, 2025
Holdings Value
Holdings 5 stocks · $226.8M
| MGNI Magnite Inc. | 38.39% | 3,609,972 | $87.1M | Reduce -10.1% |
| CGNT Cognyte Software Ltd. | 27.45% | 6,737,375 | $62.3M | Add +1.5% |
| FEIM Frequency Electronics Inc. | 18.76% | 1,873,810 | $42.6M | No change |
| MCHX Marchex Inc. Class B | 14.16% | 14,664,380 | $32.1M | No change |
| THRM Gentherm Inc. | 1.25% | 100,034 | $2.8M | New |
Options reported separately and not counted above: HYG puts ($50.8M), IWM puts ($38.8M), SPY puts ($37.1M), QQQ puts ($33.1M), TLT calls ($19.4M), XLY puts ($15.2M), XLP puts ($9.7M), ARKK puts ($7.0M), FEZ puts ($6.0M), ARCC puts ($4.4M), BKLN puts ($4.2M), IBIT puts ($3.1M), and 6 more.
Portfolio Sells Q1 2025 → Q2 2025
Portfolio Buys Q1 2025 → Q2 2025
Options Activity Q1 2025 → Q2 2025
| HYG Ishr Ibx Usd Hiyld CB ETF-Ui | put | Add +320.0% | 630,000 | $50.8M |
| IWM iShares Russell 2000 ETF | put | Add +140.0% | 180,000 | $38.8M |
| SPY SS SPDR S&P 500 ETF Trust-US | put | Reduce -14.3% | 60,000 | $37.1M |
| QQQ Invesco QQQ Trust Series 1 | put | Reduce -33.3% | 60,000 | $33.1M |
| XLK SS Technology Select Sector | put | Sold out | 100,000 | $20.6Mbefore exit |
| TLT iShares 20+ Year Treasury BD | call | New | 220,000 | $19.4M |
| XLY SS Consumer Disc Select Sect | put | New | 70,000 | $15.2M |
| EFA iShares MSCI Eafe ETF | put | Sold out | 100,000 | $8.2Mbefore exit |
| ARKK ARK Innovation ETF | put | New | 100,000 | $7.0M |
| MGNI Magnite Inc. | call | Sold out | 450,000 | $5.1Mbefore exit |
| ARCC Ares Capital Corp. | put | New | 200,000 | $4.4M |
| BKLN Invesco Senior Loan ETF | put | Reduce -60.0% | 200,000 | $4.2M |
| IBIT iShares Bitcoin Trust ETF | put | New | 50,000 | $3.1M |
| AAPL Apple Inc. | put | New | 10,000 | $2.1M |
| CGNT Cognyte Software Ltd. | call | New | 200,000 | $1.8M |
| XLE SS Energy Select Sector | put | Reduce -75.0% | 20,000 | $1.7M |
| XLE SS Energy Select Sector | call | New | 20,000 | $1.7M |
| EXCHANGE TRADED CONCEPTS TRU | put | New | 80,000 | $1.6M |
| VIXM Proshares Vix Mid-Term Fut | call | Reduce -66.7% | 50,000 | $838K |
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 |