In its 13F for Q1 2026 (holdings as of March 31, 2026, filed May 14, 2026), Edenbrook Capital, LLC reported 4 stock positions worth $195.6 million . Its top holding was Frequency Electronics (FEIM) at 42.4% of the portfolio, followed by Cognyte Software (CGNT, 29.0% ) and Magnite (MGNI, 17.0% ). Compared with Q4 2025, it sold out of 1 and added to 2. The biggest buy was Cognyte Software (CGNT, shares +1% ) and the biggest sale an exit from Gentherm (THRM).
Location Mt. Kisco, NY
CIK 0001666682
Portfolio Value $195.6M (Q1 2026) Holdings 4 stocks · $195.6M 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 FEIM Frequency Electronics Inc. 1,873,810 $82.9M No change CGNT Cognyte Software Ltd. 6,997,596 $56.7M Add +0.7% MGNI Magnite Inc. 2,798,036 $33.2M Add +0.4% MCHX Marchex Inc. Class B 14,664,380 $22.7M No change
Options reported separately and not counted above: SPY puts ($32.5M), HYG puts ($31.7M), QQQ puts ($17.0M), LQD puts ($10.9M), CGNT calls ($10.1M), MGNI calls ($7.1M), IWM puts ($6.3M), XLP puts ($4.1M), BKLN puts ($3.1M), FXI puts ($2.7M).
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 ▲ THRM Gentherm Inc. Sold out 0.00% −0.45
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 ▼ CGNT Cognyte Software Ltd. Add +0.7% 28.98% +1.39 MGNI Magnite Inc. Add +0.4% 17.00% −2.11
Options Activity Q4 2025 → Q1 2026 Security Type Change vs Q4 2025 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Reduce -50.0% 50,000 $32.5M QQQ Invesco QQQ Trust Series 1 put Reduce -81.3% 29,500 $17.0M ARKK ARK Innovation ETF put Sold out 150,000 $11.5Mbefore exit CGNT Cognyte Software Ltd. call Add +106.6% 1,250,000 $10.1M TLT iShares 20+ Year Treasury BD call Sold out 100,000 $8.7Mbefore exit MGNI Magnite Inc. call Reduce -60.0% 600,000 $7.1M IWM iShares Russell 2000 ETF put Reduce -83.7% 25,500 $6.3M XLP SS Consumer Staples Sel Sect put New 50,000 $4.1M BKLN Invesco Senior Loan ETF put New 150,000 $3.1M FXI iShares China Large-Cap ETF put New 75,000 $2.7M IBIT iShares Bitcoin Trust ETF put Sold out 50,000 $2.5Mbefore 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