First Sabrepoint Capital Management LP In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 15, 2024), First Sabrepoint Capital Management LP reported 26 stock positions worth $224.6 million . Its top holding was Atlas Energy Solutions (AESI) at 7.0% of the portfolio, followed by CRH (CRH, 6.9% ) and Willscot (WSC, 6.8% ). Compared with Q4 2023, it opened 5 new positions, sold out of 5, added to 6 and reduced 5. The biggest buy was Atlas Energy Solutions (AESI, shares +449% ) and the biggest sale Firstcash (FCFS, shares −52% ).
Location DALLAS, TX
CIK 0001731530
Portfolio Value $224.6M (Q1 2024) Holdings 26 stocks · $224.6M 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 2023 AESI Atlas Energy Solutions Inc. 693,770 $15.7M Add +448.8% CRH CRH PLC 180,000 $15.5M Reduce -10.0% WSC Willscot Holdings Corp. 326,413 $15.2M No change MSFT Microsoft Corp. 35,000 $14.7M No change FCFS Firstcash Holdings Inc. 113,000 $14.4M Reduce -52.4% TFIN Triumph Financial Inc. 165,000 $13.1M No change BLD Topbuild Corp. 29,500 $13.0M No change EGY Vaalco Energy Inc. 1,790,000 $12.5M Add +5.3% FIVN FIVE9 Inc. 200,000 $12.4M Add +50.3% WD Walker & Dunlop Inc. 94,000 $9.5M Reduce -2.1% AZO AutoZone Inc. 3,000 $9.5M Add +5.3% GXO Gxo Logistics Inc. 162,500 $8.7M Add +30.0% HRI Herc Holdings Inc. filed as HERC HLDGS INC 51,500 $8.7M New STRL Sterling Infrastructure Inc. 78,400 $8.6M Reduce -43.2% OABI Omniab Inc. 1,580,621 $8.6M Reduce -4.6% CVCO Cavco Industries Inc. 20,000 $8.0M No change KEX Kirby Corp. 72,019 $6.9M New VIVID SEATS INC 950,000 $5.7M New MTH Meritage Homes Corp. 27,500 $4.8M No change GRBK Green Brick Partners Inc. 60,000 $3.6M Add +20.0% NVR NVR Inc. 430 $3.5M No change DHI D.R. Horton Inc. 18,000 $3.0M No change AE Adams Resources & Energy Inc. 95,174 $2.8M No change ALL Allstate Corp. 15,000 $2.6M New CCS Century Communities Inc. 20,000 $1.9M No change IESC Ies Holdings Inc. filed as IES HLDGS INC 15,000 $1.8M New
Options reported separately and not counted above: FIRSTCASH HOLDINGS INC calls ($32.7M), IRON MTN INC DEL puts ($27.3M), SHOCKWAVE MED INC puts ($17.1M), NEW FORTRESS ENERGY INC puts ($14.5M), PROCEPT BIOROBOTICS CORP puts ($12.6M), ATLAS ENERGY SOLUTIONS INC calls ($7.8M), INSPIRE MED SYS INC puts ($6.9M), ENPHASE ENERGY INC puts ($6.5M), SITEONE LANDSCAPE SUPPLY INC puts ($5.7M), WESTROCK COFFEE CO puts ($5.2M), GRAND CANYON ED INC calls ($2.7M), SOUNDHOUND AI INC puts ($2.4M), and 8 more.
Portfolio Sells Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▲ FCFS Firstcash Holdings Inc. Reduce -52.4% 6.42% −5.29 UPWK Upwork Inc. Sold out 0.00% −5.07 QDEL Quidelortho Corp. Sold out 0.00% −4.74 EB Eventbrite Inc. Class A Sold out 0.00% −3.81 KOS Kosmos Energy Ltd. Sold out 0.00% −2.10 STRL Sterling Infrastructure Inc. Reduce -43.2% 3.85% −1.67 OABI Omniab Inc. Reduce -4.6% 3.81% −0.83 WD Walker & Dunlop Inc. Reduce -2.1% 4.23% −0.62 PGRE Paramount Group Inc. Sold out 0.00% −0.53 CRH CRH PLC Reduce -10.0% 6.91% +0.62
Portfolio Buys Q4 2023 → Q1 2024 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 2023 % Of Portfolio Change To Portfolio ▼ AESI Atlas Energy Solutions Inc. Add +448.8% 6.99% +6.00 HRI Herc Holdings Inc. New 3.86% +3.86 KEX Kirby Corp. New 3.06% +3.06 VIVID SEATS INC New 2.53% +2.53 EGY Vaalco Energy Inc. Add +5.3% 5.55% +2.08 ALL Allstate Corp. New 1.16% +1.16 AZO AutoZone Inc. Add +5.3% 4.21% +0.86 IESC Ies Holdings Inc. New 0.81% +0.81 FIVN FIVE9 Inc. Add +50.3% 5.53% +0.77 GRBK Green Brick Partners Inc. Add +20.0% 1.61% +0.43 GXO Gxo Logistics Inc. Add +30.0% 3.89% +0.41
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ FIRSTCASH HOLDINGS INC call Add +5.9% 256,000 $32.7M IRON MTN INC DEL put Add +142.9% 340,000 $27.3M SHOCKWAVE MED INC put New 52,500 $17.1M NEW FORTRESS ENERGY INC put New 475,000 $14.5M PROCEPT BIOROBOTICS CORP put Add +325.0% 255,000 $12.6M ATLAS ENERGY SOLUTIONS INC call New 345,000 $7.8M HA SUSTAINABLE INFRA CAP INC put Sold out 255,000 $7.0Mbefore exit INSPIRE MED SYS INC put New 32,000 $6.9M ENPHASE ENERGY INC put New 54,000 $6.5M SITEONE LANDSCAPE SUPPLY INC put New 32,500 $5.7M WESTROCK COFFEE CO put Add +313.9% 500,000 $5.2M CARNIVAL CORP put Sold out 200,000 $3.7Mbefore exit DIGITAL RLTY TR INC put Sold out 25,000 $3.4Mbefore exit CALAVO GROWERS INC call Sold out 100,000 $2.9Mbefore exit PROFRAC HLDG CORP put Sold out 322,000 $2.7Mbefore exit GRAND CANYON ED INC call New 20,000 $2.7M TREX CO INC put Sold out 30,000 $2.5Mbefore exit SOUNDHOUND AI INC put New 401,500 $2.4M AEROVIRONMENT INC put New 7,400 $1.1M AURORA INNOVATION INC put Sold out 250,000 $1.1Mbefore exit ARBOR REALTY TRUST INC put Reduce -25.0% 75,000 $994K INARI MED INC put Reduce -92.6% 19,300 $926K PALANTIR TECHNOLOGIES INC put New 35,000 $805K CERENCE INC put New 49,600 $781K POWELL INDS INC put New 4,000 $569K ROOT INC put New 8,600 $525K ACCENDRA HEALTH INC put Sold out 25,000 $482Kbefore 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 20 $234.0M TPB, FCFS, STRL, EGY, TFIN Q1 2026 27 $244.6M TPB, FCFS, CVCO, AMRZ, LOPE Q4 2025 24 $243.2M TPB, FCFS, LAUR, CVCO, CVSA Q3 2025 18 $247.7M TPB, FCFS, LAUR, CVCO, MSFT Q2 2025 23 $233.7M TPB, FCFS, LAUR, MSFT, BTI Q1 2025 27 $239.1M TPB, FCFS, LAUR, MAA, PM Q4 2024 32 $267.1M LAUR, TPB, MSFT, FCFS, MAA Q3 2024 29 $259.4M FCFS, VST, WD, LAUR, MAA Q2 2024 27 $236.5M MAA, LAUR, FCFS, MSFT, TFIN Q1 2024 26 $224.6M AESI, CRH, WSC, MSFT, FCFS