Gendell Jeffrey L

In its 13F for Q4 2024 (holdings as of December 31, 2024, filed February 14, 2025), Gendell Jeffrey L reported 87 stock positions worth $3.2 billion. Its top holding was Ies (IESC) at 67.4% of the portfolio, followed by Alpha Metallurgical Resource (AMR, 2.3%) and Vaneck Oil Services ETF (OIH, 2.2%). Compared with Q3 2024, it opened 8 new positions, sold out of 5, added to 23 and reduced 28. The biggest buy was iShares Russell 2000 ETF (IWM, shares +477%) and the biggest sale SLB (SLB, shares −64%).

Most Recent 13F
Q2 2026
Location
Greenwich, CT
CIK
0001056581
Portfolio Value
$3.2B (Q4 2024)
SEC Filing
0001214659-25-002861 ↗ filed Feb 14, 2025

Holdings Value

0$5.0B$10.0B$15.0B Q1 2024: $2.6B Q1 2024 Q2 2024: $2.9B Q2 2024 Q3 2024: $3.2B Q3 2024 Q4 2024: $3.2B $3.2B Q4 2024 Q1 2025: $2.3B Q1 2025 Q2 2025: $3.8B Q2 2025 Q3 2025: $5.4B Q3 2025 Q4 2025: $5.7B Q4 2025 Q1 2026: $7.3B Q1 2026 Q2 2026: $11.1B Q2 2026

Holdings 87 stocks · $3.2B
IESC Ies Holdings Inc. filed as IES HLDGS INC 67.43% 10,717,968 $2.2B Reduce -0.2%
AMR Alpha Metallurgical Resource 2.26% 360,787 $72.2M Add +3.9%
OIH Vaneck Oil Services ETF 2.16% 254,646 $69.1M Add +54.1%
AVDL Avadel Pharmaceuticals Ltd. 2.08% 6,330,435 $66.5M Add +9.0%
IWM iShares Russell 2000 ETF 2.00% 288,388 $63.7M Add +476.8%
BTU Peabody Energy Corp. 1.64% 2,498,531 $52.3M Reduce -3.5%
BXC Bluelinx Holdings Inc. 1.56% 487,883 $49.8M Reduce -1.3%
RIG Transocean Ltd. 1.47% 12,512,831 $46.9M Add +89.4%
HAL Halliburton Co. 1.14% 1,334,203 $36.3M Reduce -26.3%
HP Helmerich & Payne 0.84% 841,063 $26.9M Add +50.8%
ARCH Arch Resources Inc. 0.80% 180,852 $25.5M Reduce -19.6%
NBR Nabors Industries Ltd. 0.80% 446,209 $25.5M Reduce -10.2%
MHK Mohawk Industries Inc. 0.76% 202,456 $24.1M Add +15.8%
C Citigroup Inc. 0.75% 339,137 $23.9M Reduce -19.0%
SDRL Seadrill Limited 0.69% 562,170 $21.9M Add +40.6%
ATKR Atkore Inc. 0.67% 254,967 $21.3M Reduce -20.6%
LXU LSB Industries Inc. 0.65% 2,727,358 $20.7M Add +5.8%
IWN iShares Russell 2000 Value E 0.63% 121,876 $20.0M No change
TTI Tetra Technologies Inc. 0.59% 5,234,514 $18.7M Reduce -0.2%
WDC Western Digital Corp. 0.55% 292,605 $17.4M Add +11.4%
SLB SLB Ltd. filed as SCHLUMBERGER LTD 0.50% 412,693 $15.8M Reduce -64.1%
KRE SS SPDR S&P Regional Bank 0.49% 258,409 $15.6M Reduce -62.2%
EQT Eqt Corp. 0.44% 303,954 $14.0M Reduce -34.3%
OIS Oil States International Inc. filed as OIL STS INTL INC 0.42% 2,639,288 $13.4M Reduce -0.1%
WTTR Select Water Solutions Inc. 0.37% 900,000 $11.9M No change
ODP The Odp Corp. filed as THE ODP CORP 0.35% 498,570 $11.3M Add +39.0%
LBRT Liberty Energy Inc. 0.34% 540,029 $10.7M Reduce -2.9%
IOSP Innospec Inc. 0.33% 95,317 $10.5M Reduce -15.9%
RBCAA Republic Bancorp Inc. Class A 0.32% 146,709 $10.3M No change
PATK Patrick Industries Inc. 0.27% 105,088 $8.7M Reduce -22.2%
CMI Cummins Inc. 0.26% 24,251 $8.5M New
KLXE KLX Energy Services Holding 0.26% 1,673,219 $8.3M No change
BORR Borr Drilling Ltd. 0.25% 2,083,628 $8.1M Add +145.1%
TLN Talen Energy Corp. 0.25% 39,208 $7.9M Reduce -21.6%
FMBH First Mid Bancshares Inc. 0.25% 213,922 $7.9M Reduce -0.6%
ALRS Alerus Financial Corp. 0.24% 404,471 $7.8M New
IROQ If Bancorp Inc. 0.24% 326,382 $7.6M No change
CLB Core Laboratories Inc. 0.23% 430,161 $7.4M Reduce -6.6%
MTRX Matrix Service Co. 0.22% 597,118 $7.1M No change
FRD Friedman Industries 0.22% 456,824 $7.0M Add +0.8%
PEBK Peoples Bancorp of NC 0.21% 217,763 $6.8M No change
OSG Octave Specialty Group Inc. filed as AMBAC FINL GROUP INC 0.21% 527,538 $6.7M No change
FCG First Trust Natural Gas ETF 0.21% 269,376 $6.6M No change
FUNC First United Corp. 0.19% 178,352 $6.0M No change
MU Micron Technology Inc. 0.18% 67,000 $5.6M Add +67.5%
NINEQ Nine Energy Service Inc. 0.15% 4,184,044 $4.7M Add +23.1%
FUSB First US Bancshares Inc. 0.14% 362,440 $4.6M Add +0.4%
XOP SS SPDR S&P Og Exp & Prod 0.14% 34,033 $4.5M Add +13.4%
ORN Orion Group Holdings Inc. 0.14% 613,795 $4.5M Reduce -17.8%
SHBI Shore Bancshares Inc. 0.14% 283,410 $4.5M No change
ASRV Ameriserv Financial Inc. 0.14% 1,635,677 $4.4M Add +4.0%
QXO Qxo Inc. 0.14% 273,734 $4.4M Reduce -6.5%
CONSOL ENERGY INC 0.13% 40,000 $4.3M No change
TILE Interface Inc. 0.13% 171,850 $4.2M Reduce -9.9%
CIEN Ciena Corp. 0.13% 49,096 $4.2M New
CZWI Citizens Community Bancorp I 0.13% 250,959 $4.1M No change
COHR Coherent Corp. 0.12% 41,350 $3.9M Add +18.4%
PSCE Invesco S&P Smallcap Energy 0.12% 78,869 $3.8M No change
INDV Indivior Ltd. 0.12% 303,263 $3.8M New
TSEM Tower Semiconductor Ltd. 0.12% 72,999 $3.8M New
AGO Assured Guaranty Ltd. 0.11% 39,846 $3.6M Reduce -11.7%
XBI SS SPDR S&P Biotech ETF 0.11% 38,846 $3.5M No change
SND Smart Sand Inc. 0.10% 1,367,973 $3.1M Add +12.3%
SXC Suncoke Energy Inc. 0.09% 272,591 $2.9M No change
DTI Drilling Tools International 0.09% 887,091 $2.9M Add +104.0%
AMD Advanced Micro Devices 0.08% 20,578 $2.5M New
BVFL BV Financial Inc. filed as BV FINL INC 0.08% 141,262 $2.4M No change
ENS Enersys 0.07% 25,000 $2.3M No change
UBS UBS Group AG-Reg 0.07% 75,000 $2.3M No change
LUMN Lumen Technologies Inc. 0.07% 400,000 $2.1M New
BW Babcock & Wilcox Enterpr 0.06% 1,222,146 $2.0M Add +205.5%
SLND Southland Holdings Inc. 0.06% 606,737 $2.0M Add +92.8%
VATE Innovate Corp. 0.05% 313,783 $1.6M Reduce -22.9%
FENC Fennec Pharmaceuticals Inc. 0.04% 199,275 $1.3M Reduce -14.1%
SBFG SB Financial Group Inc. filed as SB FINL GROUP INC 0.03% 48,823 $1.0M No change
CMT Core Molding Technologies Inc. 0.03% 61,266 $1.0M No change
FRBA First Bank/Hamilton NJ 0.03% 70,404 $991K No change
BRBS Blue Ridge Bankshares Inc. 0.03% 280,973 $905K Reduce -0.1%
DXYN Dixie Group Inc. 0.03% 1,344,543 $876K Reduce -1.3%
INTC Intel Corp. 0.02% 30,000 $602K No change
CHX Championx Corp. 0.02% 21,957 $597K No change
HBT HBT Financial Inc. 0.02% 25,883 $567K No change
PEBO Peoples Bancorp Inc. 0.01% 10,589 $336K No change
HWBK Hawthorn Bancshares Inc. 0.01% 10,000 $284K No change
CWH Camping World Holdings Inc. Class A 0.01% 12,355 $260K Reduce -83.5%
CIVB Civista Bancshares Inc. 0.01% 10,000 $210K No change
OCC Optical Cable Corp. 0.00% 15,000 $54K New
Other holdings (1): bonds, preferreds, convertibles and warrants · $140K (not counted above)
SecurityClassShares / PrincipalValueChange
ASTLW Algoma Steel Group Inc. -CW26 *W EXP 10/19/202 93,408$140KNo change

Total filed on the 13F, all lines: $3.2B.

Portfolio Sells Q3 2024 → Q4 2024
SLB SLB Ltd. Reduce -64.1% 0.50% −1.02
KRE SS SPDR S&P Regional Bank Reduce -62.2% 0.49% −0.73
BTU Peabody Energy Corp. Reduce -3.5% 1.64% −0.52
HAL Halliburton Co. Reduce -26.3% 1.14% −0.51
HMNF HMN Financial Inc. Sold out 0.00% −0.28
RNGR Ranger Energy Services Class A Sold out 0.00% −0.22
NBR Nabors Industries Ltd. Reduce -10.2% 0.80% −0.21
ATKR Atkore Inc. Reduce -20.6% 0.67% −0.19
ARCH Arch Resources Inc. Reduce -19.6% 0.80% −0.17
AMAT Applied Materials Inc. Sold out 0.00% −0.17
PATK Patrick Industries Inc. Reduce -22.2% 0.27% −0.13
EQT Eqt Corp. Reduce -34.3% 0.44% −0.09
C Citigroup Inc. Reduce -19.0% 0.75% −0.07
BXC Bluelinx Holdings Inc. Reduce -1.3% 1.56% −0.07
IOSP Innospec Inc. Reduce -15.9% 0.33% −0.07
ASTL Algoma Steel Group Inc. Sold out 0.00% −0.07
CWH Camping World Holdings Inc. Class A Reduce -83.5% 0.01% −0.05
CLB Core Laboratories Inc. Reduce -6.6% 0.23% −0.03
TLN Talen Energy Corp. Reduce -21.6% 0.25% −0.03
FMBH First Mid Bancshares Inc. Reduce -0.6% 0.25% −0.02
FSTR Foster (lb) Co. Class A Sold out 0.00% −0.01
QXO Qxo Inc. Reduce -6.5% 0.14% −0.01
DXYN Dixie Group Inc. Reduce -1.3% 0.03% −0.00
AGO Assured Guaranty Ltd. Reduce -11.7% 0.11% −0.00
VATE Innovate Corp. Reduce -22.9% 0.05% +0.00
FENC Fennec Pharmaceuticals Inc. Reduce -14.1% 0.04% +0.00
LBRT Liberty Energy Inc. Reduce -2.9% 0.34% +0.00
BRBS Blue Ridge Bankshares Inc. Reduce -0.1% 0.03% +0.00
ORN Orion Group Holdings Inc. Reduce -17.8% 0.14% +0.01
TILE Interface Inc. Reduce -9.9% 0.13% +0.02
OIS Oil States International Inc. Reduce -0.1% 0.42% +0.04
TTI Tetra Technologies Inc. Reduce -0.2% 0.59% +0.08
IESC Ies Holdings Inc. Reduce -0.2% 67.43% +0.24

Portfolio Buys Q3 2024 → Q4 2024
IWM iShares Russell 2000 ETF Add +476.8% 2.00% +1.65
OIH Vaneck Oil Services ETF Add +54.1% 2.16% +0.69
RIG Transocean Ltd. Add +89.4% 1.47% +0.59
HP Helmerich & Payne Add +50.8% 0.84% +0.31
CMI Cummins Inc. New 0.26% +0.26
ALRS Alerus Financial Corp. New 0.24% +0.24
SDRL Seadrill Limited Add +40.6% 0.69% +0.19
CIEN Ciena Corp. New 0.13% +0.13
INDV Indivior Ltd. New 0.12% +0.12
TSEM Tower Semiconductor Ltd. New 0.12% +0.12
BORR Borr Drilling Ltd. Add +145.1% 0.25% +0.11
AMD Advanced Micro Devices New 0.08% +0.08
LUMN Lumen Technologies Inc. New 0.07% +0.07
MU Micron Technology Inc. Add +67.5% 0.18% +0.05
DTI Drilling Tools International Add +104.0% 0.09% +0.04
BW Babcock & Wilcox Enterpr Add +205.5% 0.06% +0.04
NINEQ Nine Energy Service Inc. Add +23.1% 0.15% +0.03
COHR Coherent Corp. Add +18.4% 0.12% +0.03
SLND Southland Holdings Inc. Add +92.8% 0.06% +0.03
SND Smart Sand Inc. Add +12.3% 0.10% +0.02
ODP The Odp Corp. Add +39.0% 0.35% +0.02
FUSB First US Bancshares Inc. Add +0.4% 0.14% +0.02
XOP SS SPDR S&P Og Exp & Prod Add +13.4% 0.14% +0.02
ASRV Ameriserv Financial Inc. Add +4.0% 0.14% +0.01
OCC Optical Cable Corp. New 0.00% +0.00
LXU LSB Industries Inc. Add +5.8% 0.65% −0.00
FRD Friedman Industries Add +0.8% 0.22% −0.01
WDC Western Digital Corp. Add +11.4% 0.55% −0.02
MHK Mohawk Industries Inc. Add +15.8% 0.76% −0.13
AVDL Avadel Pharmaceuticals Ltd. Add +9.0% 2.08% −0.30
AMR Alpha Metallurgical Resource Add +3.9% 2.26% −0.31

All Filings

QuarterPositions13F Reported ValueTop Holdings
Q2 2026 103$11.1BIESC, SNDK, OC, MU, TPC
Q1 2026 101$7.3BIESC, IWM, AMR, OC, TPC
Q4 2025 93$5.7BIESC, OC, AVDL, AMR, WTM
Q3 2025 86$5.4BIESC, AVDL, AMR, BXC, HUM
Q2 2025 76$3.8BIESC, AVDL, BXC, IWM, AMR
Q1 2025 78$2.3BIESC, AVDL, BXC, AMR, OIH
Q4 2024 87$3.2BIESC, AMR, OIH, AVDL, IWM
Q3 2024 84$3.2BIESC, AMR, AVDL, BTU, HAL
Q2 2024 99$2.9BIESC, AMR, OIH, AVDL, SLB
Q1 2024 88$2.6BIESC, IWM, AMR, OIH, AVDL