First Sabrepoint Capital Management LP In its 13F for Q2 2024 (holdings as of June 30, 2024, filed August 14, 2024), First Sabrepoint Capital Management LP reported 27 stock positions worth $236.5 million . Its top holding was Mid-America Apartment Comm (MAA) at 8.4% of the portfolio, followed by Laureate Education (LAUR, 7.9% ) and Firstcash (FCFS, 7.3% ). Compared with Q1 2024, it opened 9 new positions, sold out of 8, added to 6 and reduced 9. The biggest buy was a new position in Mid-America Apartment Comm (MAA) and the biggest sale an exit from Atlas Energy Solutions (AESI).
Location DALLAS, TX
CIK 0001731530
Portfolio Value $236.5M (Q2 2024) Holdings 27 stocks · $236.5M 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 Q1 2024 MAA Mid-America Apartment Comm 140,000 $20.0M New LAUR Laureate Education Inc. 1,249,000 $18.7M New FCFS Firstcash Holdings Inc. 165,000 $17.3M Add +46.0% MSFT Microsoft Corp. 35,000 $15.6M No change TFIN Triumph Financial Inc. 163,400 $13.4M Reduce -1.0% EEFT Euronet Worldwide Inc. 117,000 $12.1M New GXO Gxo Logistics Inc. 210,000 $10.6M Add +29.2% GRBK Green Brick Partners Inc. 179,000 $10.2M Add +198.3% PM Philip Morris International 100,000 $10.1M New CRH CRH PLC 135,000 $10.1M Reduce -25.0% WDC Western Digital Corp. 125,000 $9.5M New EGY Vaalco Energy Inc. 1,504,669 $9.4M Reduce -15.9% AZO AutoZone Inc. 3,000 $8.9M No change CPT Camden Property Trust 75,000 $8.2M New STRL Sterling Infrastructure Inc. 65,000 $7.7M Reduce -17.1% WSC Willscot Holdings Corp. 202,651 $7.6M Reduce -37.9% WD Walker & Dunlop Inc. 75,000 $7.4M Reduce -20.2% OABI Omniab Inc. 1,875,000 $7.0M Add +18.6% MTH Meritage Homes Corp. 38,500 $6.2M Add +40.0% BLD Topbuild Corp. 13,500 $5.2M Reduce -54.2% CVCO Cavco Industries Inc. 14,700 $5.1M Reduce -26.5% DHI D.R. Horton Inc. 25,500 $3.6M Add +41.7% NVR NVR Inc. 430 $3.3M No change BTDR Bitdeer Technologies Group-A 260,000 $2.7M New STX Seagate Technology Holdings 25,000 $2.6M New AE Adams Resources & Energy Inc. 80,794 $2.3M Reduce -15.1% WLY Wiley (john) & Sons Class A 42,775 $1.7M New
Options reported separately and not counted above: FIRSTCASH HOLDINGS INC calls ($34.5M), PROCEPT BIOROBOTICS CORP puts ($13.5M), GRAND CANYON ED INC calls ($8.4M), ENPHASE ENERGY INC puts ($7.5M), IRON MTN INC DEL puts ($6.8M), CHART INDS INC puts ($5.1M), HA SUSTAINABLE INFRA CAP INC puts ($2.8M), GOOSEHEAD INS INC puts ($2.6M), VITAL FARMS INC puts ($2.3M), MEDICAL PPTYS TRUST INC puts ($2.2M), WESTROCK COFFEE CO puts ($2.0M), NEW FORTRESS ENERGY INC puts ($2.0M), and 7 more.
Portfolio Sells Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▲ AESI Atlas Energy Solutions Inc. Sold out 0.00% −6.99 FIVN FIVE9 Inc. Sold out 0.00% −5.53 HRI Herc Holdings Inc. Sold out 0.00% −3.86 BLD Topbuild Corp. Reduce -54.2% 2.20% −3.59 WSC Willscot Holdings Corp. Reduce -37.9% 3.23% −3.53 KEX Kirby Corp. Sold out 0.00% −3.06 CRH CRH PLC Reduce -25.0% 4.28% −2.63 VIVID SEATS INC Sold out 0.00% −2.53 EGY Vaalco Energy Inc. Reduce -15.9% 3.99% −1.56 CVCO Cavco Industries Inc. Reduce -26.5% 2.15% −1.40 ALL Allstate Corp. Sold out 0.00% −1.16 WD Walker & Dunlop Inc. Reduce -20.2% 3.11% −1.11 CCS Century Communities Inc. Sold out 0.00% −0.86 IESC Ies Holdings Inc. Sold out 0.00% −0.81 STRL Sterling Infrastructure Inc. Reduce -17.1% 3.25% −0.60 AE Adams Resources & Energy Inc. Reduce -15.1% 0.96% −0.27 TFIN Triumph Financial Inc. Reduce -1.0% 5.65% −0.18
Portfolio Buys Q1 2024 → Q2 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 Q1 2024 % Of Portfolio Change To Portfolio ▼ MAA Mid-America Apartment Comm New 8.44% +8.44 LAUR Laureate Education Inc. New 7.89% +7.89 EEFT Euronet Worldwide Inc. New 5.12% +5.12 PM Philip Morris International New 4.29% +4.29 WDC Western Digital Corp. New 4.01% +4.01 CPT Camden Property Trust New 3.46% +3.46 GRBK Green Brick Partners Inc. Add +198.3% 4.33% +2.72 BTDR Bitdeer Technologies Group-A New 1.13% +1.13 STX Seagate Technology Holdings New 1.09% +1.09 FCFS Firstcash Holdings Inc. Add +46.0% 7.32% +0.90 WLY Wiley (john) & Sons Class A New 0.74% +0.74 GXO Gxo Logistics Inc. Add +29.2% 4.48% +0.60 MTH Meritage Homes Corp. Add +40.0% 2.63% +0.49 DHI D.R. Horton Inc. Add +41.7% 1.52% +0.20 OABI Omniab Inc. Add +18.6% 2.97% −0.84
Options Activity Q1 2024 → Q2 2024 Security Type Change vs Q1 2024 Underlying Shares Value ▼ FIRSTCASH HOLDINGS INC call Add +28.4% 328,600 $34.5M SHOCKWAVE MED INC put Sold out 52,500 $17.1Mbefore exit PROCEPT BIOROBOTICS CORP put Reduce -13.3% 221,000 $13.5M GRAND CANYON ED INC call Add +200.0% 60,000 $8.4M ATLAS ENERGY SOLUTIONS INC call Sold out 345,000 $7.8Mbefore exit ENPHASE ENERGY INC put Add +38.9% 75,000 $7.5M INSPIRE MED SYS INC put Sold out 32,000 $6.9Mbefore exit IRON MTN INC DEL put Reduce -77.7% 76,000 $6.8M SITEONE LANDSCAPE SUPPLY INC put Sold out 32,500 $5.7Mbefore exit CHART INDS INC put New 35,000 $5.1M HA SUSTAINABLE INFRA CAP INC put New 95,000 $2.8M GOOSEHEAD INS INC put New 45,200 $2.6M VITAL FARMS INC put New 50,000 $2.3M GIGACLOUD TECHNOLOGY INC put Sold out 85,000 $2.3Mbefore exit MEDICAL PPTYS TRUST INC put New 500,000 $2.2M WESTROCK COFFEE CO put Reduce -60.0% 200,000 $2.0M NEW FORTRESS ENERGY INC put Reduce -81.0% 90,000 $2.0M SWEETGREEN INC put New 60,000 $1.8M AEROVIRONMENT INC put Sold out 7,400 $1.1Mbefore exit ENOVIX CORPORATION put New 65,000 $1.0M ARBOR REALTY TRUST INC put Sold out 75,000 $994Kbefore exit CERENCE INC put Sold out 49,600 $781Kbefore exit FLUENCE ENERGY INC put New 42,500 $737K PALANTIR TECHNOLOGIES INC put Reduce -28.6% 25,000 $633K SOUNDHOUND AI INC put Reduce -62.6% 150,000 $593K ROOT INC put Sold out 8,600 $525Kbefore exit INARI MED INC put Reduce -74.1% 5,000 $241K
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