Garnet Equity Capital Holdings, Inc. In its 13F for Q1 2024 (holdings as of March 31, 2024, filed May 13, 2024), Garnet Equity Capital Holdings, Inc. reported 23 stock positions worth $118.0 million . Its top holding was Groupon (GRPN) at 14.2% of the portfolio, followed by BGC Class A (BGC, 11.7% ) and KBR (KBR, 10.5% ). Compared with Q4 2023, it opened 6 new positions, sold out of 3, added to 6 and reduced 4. The biggest buy was Turtle Beach (TBCH, shares +75% ) and the biggest sale Ftai Aviation (FTAI, shares −78% ).
Location NEW YORK, NY
CIK 0001423876
Portfolio Value $118.0M (Q1 2024) Holdings 23 stocks · $118.0M 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 GRPN Groupon Inc. 14.18% 1,254,976 $16.7M Add +44.4% BGC BGC Group Inc. Class A 11.73% 1,782,000 $13.8M Add +45.8% KBR KBR Inc. 10.46% 193,875 $12.3M Reduce -6.9% TBCH Turtle Beach Corp. 9.71% 664,671 $11.5M Add +75.4% DBRG Digitalbridge Group Inc. 9.10% 557,552 $10.7M Add +5.7% CCJ Cameco Corp. 5.54% 150,850 $6.5M No change ATEX Anterix Inc. 5.37% 188,702 $6.3M Add +18.9% BXSL Blackstone Secured Lending F 5.28% 200,000 $6.2M No change URNM Sprott Uranium Miners ETF 4.81% 115,250 $5.7M Add +76.6% ITA iShares U.S. Aerospace & Def 3.35% 30,000 $4.0M No change IWM iShares Russell 2000 ETF 3.21% 18,000 $3.8M New FTAI Ftai Aviation Ltd. 3.13% 54,963 $3.7M Reduce -78.1% KTOS Kratos Defense & Security 2.80% 180,000 $3.3M New NXE Nexgen Energy Ltd. 2.47% 375,000 $2.9M No change RITM Rithm Capital Corp. 2.36% 250,000 $2.8M No change BATRK Atlanta Braves Holdings in-C 1.65% 50,000 $2.0M New URNJ Sprott Jr Uranium Miners ETF 1.25% 58,000 $1.5M New UEC Uranium Energy Corp. 1.14% 200,000 $1.4M No change XPOF Xponential Fitness Inc. Class A 0.84% 60,000 $992K New NTGR Netgear Inc. 0.80% 60,000 $946K New TSAT Telesat Corp. 0.72% 99,982 $852K Reduce -1.3% TH Target Hospitality Corp. 0.04% 4,500 $49K Reduce -98.1% EOSE Eos Energy Enterprises Inc. 0.03% 38,000 $39K No change
Options reported separately and not counted above: SPY puts ($313.8M), URNM calls ($14.8M), KTOS calls ($3.7M), DBRG calls ($2.7M), GRPN calls ($667K).
Other holdings (1): bonds, preferreds, convertibles and warrants · $55K (not counted above) Security Class Shares / Principal Value Change CNXXW Conx Corp. Class A -CW27 *W EXP 10/30/202 275,099 $55K No change
Total filed on the 13F, all lines: $118.1M.
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 ▲ FTAI Ftai Aviation Ltd. Reduce -78.1% 3.13% −8.57 FLEX Flex Ltd. Sold out 0.00% −6.06 BWXT BWX Technologies Inc. Sold out 0.00% −2.36 TH Target Hospitality Corp. Reduce -98.1% 0.04% −2.27 KBR KBR Inc. Reduce -6.9% 10.46% −1.14 TSAT Telesat Corp. Reduce -1.3% 0.72% −0.34 MOGO INC Sold out 0.00% −0.29
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 ▼ TBCH Turtle Beach Corp. Add +75.4% 9.71% +5.54 IWM iShares Russell 2000 ETF New 3.21% +3.21 GRPN Groupon Inc. Add +44.4% 14.18% +2.96 BGC BGC Group Inc. Class A Add +45.8% 11.73% +2.86 KTOS Kratos Defense & Security New 2.80% +2.80 BATRK Atlanta Braves Holdings in-C New 1.65% +1.65 URNM Sprott Uranium Miners ETF Add +76.6% 4.81% +1.65 URNJ Sprott Jr Uranium Miners ETF New 1.25% +1.25 XPOF Xponential Fitness Inc. Class A New 0.84% +0.84 NTGR Netgear Inc. New 0.80% +0.80 ATEX Anterix Inc. Add +18.9% 5.37% +0.06 DBRG Digitalbridge Group Inc. Add +5.7% 9.10% −0.20
Options Activity Q4 2023 → Q1 2024 Security Type Change vs Q4 2023 Underlying Shares Value ▼ SPY SS SPDR S&P 500 ETF Trust-US put Add +50.0% 600,000 $313.8M URNM Sprott Uranium Miners ETF call Reduce -7.7% 300,000 $14.8M TBCH Turtle Beach Corp. call Sold out 400,000 $4.4Mbefore exit BGC BGC Group Inc. Class A call Sold out 550,000 $4.0Mbefore exit KTOS Kratos Defense & Security call New 200,000 $3.7M DBRG Digitalbridge Group Inc. call New 140,000 $2.7M CCJ Cameco Corp. call Sold out 50,000 $2.2Mbefore exit GRPN Groupon Inc. call Reduce -84.8% 50,000 $667K EOSE Eos Energy Enterprises Inc. call Sold out 600,000 $654Kbefore exit SPWRQ Sunpower Corp. put Sold out 100,000 $483Kbefore 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 25 $223.3M TLN, FTAI, GRPN, TBCH, ATEX Q1 2026 19 $176.0M FTAI, TLN, TBCH, ESTA, NTGR Q4 2025 19 $201.0M TLN, FTAI, TBCH, KTOS, GRPN Q3 2025 22 $228.0M KTOS, TLN, TBCH, FTAI, GRPN Q2 2025 21 $216.0M GRPN, TBCH, TLN, GLNG, KTOS Q1 2025 19 $178.0M GRPN, TBCH, ATEX, GLNG, TLN Q4 2024 18 $166.4M GRPN, TBCH, TLN, GLNG, ATEX Q3 2024 19 $154.1M TBCH, TLN, BGC, URNM, GLNG Q2 2024 20 $130.3M GRPN, BGC, TBCH, KBR, DBRG Q1 2024 23 $118.0M GRPN, BGC, KBR, TBCH, DBRG